Strath & Sleat Church of Scotland ACCRUED (SORP COMPLIANT) ACCOUNTS Congregation No: 422304 Seottish Charity No: SC 001285 Year ended 31 St December 2024 SORP accounts Revised 1212021
Strath & Sleat Church of Scotland Trustees, Report Year ended 31 December 2024 The trustC¢5 pr¢s¢nt their annual report and financial statements of thc charity for the year cndcd 31 December 20?4. The financial statements have been prepared in accordance with th¢ accounting polici&% set out in the notes lo the accounts and comply with the General Assembly Regulations for C.ongreg&tional Finance, the Charities and Trustee Investrnent (Scotland} Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities.. Statement of R¢¢ommended Practice appli¢iible to charities preparing their accounLg in accordance with the Financial Reporting Standard (Ipplicabl¢ in the UK and Republic of Ireland (bRSI 02}'- (¢ff¢ctive from l January 2019). Objectives and Actlvlties Th¢ Church of Scotland is Trinitarian in doctrine, Reforn]ed in tradition and Presbyterian in polity. 11 exists lo glorify God and to Work tor the advancemenl of CIlS1,5 Kingidom throu&Thoul the world. As a nalional Chureh, il acknowledges a distinctiv¢ call and duty to bring thc Ordinanccs of rcligion to the people in every parish of Scotland through a teTritorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. Strath & SSeat Parish seeks to liv¢ faithfully through a network of three local worshipping Lomrnunities in Broadford, Kilrnore, and Kyleakin - each operating independ¢ntly bul under shared oversight - with a fourth, Elgol, currently in a more fragile slate. Weekly Sunday morning services and Jntdweek meetings are held in Broadford, Kilmore, and Kyleakin, complemented by a fortnightly afternoon Gaelic service, alternating bclween Broadford and Kilinore. Achievements and Performance Make It Count Parenl and Toddler Groups Now in their fourth year, these weeldy groups in Broadford and Kilmore continue to provide vital support and encouragement to parents. Nourish Monthly Fellowship This initiativ¢ offers a wann mcal and fcllowship, primarily in Kyleakin but open to all within the parish. It has been a valuable space for connection and community. Ministry in Elgol Following the closure of thc Elgol church in 2023, th¢ Kirk Session will b¢ looking at opportunitics to provide additional ministry lo this area in 2025. As ever. we give thanks to God for the many individuals in our parish who contribute through service, att¢d1Ce, encouragcmcnt, and l¢&dersh(p. Key changes On 5th October 2024, we were delight to welcome our neiv Ministcr. Associate of the parish. This followed the departure of new role of Presb)t¢ry Clerk for Clèir Etlean i. a fomier year earlier. who iiTrok up thc During the vacancy, the parish Lonlinucd lo function effectively duc lo its w¢ll-developcd lell ministry. Many individuals served faithfully through lay preaching, worship teams, and by providing invaluable support to both the Minisler and the Kirk Session. We gifftv¢ thanks for another busy and truitful v¢ar and look forward with ¢xpcclation to what 2025 will bring.
Strath & Sleat Church of Scotland Trustees, Report (eont) Year ended 31 December 2024 Vision Our vision for the parish Includes gathering tlie congregations monthly for joint s¢rvices to foster encouragement and unity through worship, t¢stimony, and discipleship. One of the key challenges we aim to addr¢ss is the lack of young families within the parish. As a Kirk Session, we are PTayerfully considering ways to support and develop this area of ministry. FAnancial RevAew The principal sources of income are Gift Aid offerings, weekly freewill offerings and open plate collections. Th¢ lotal re¢¢ived from these sources (including tax recovered on Gift Aid offerings) in 2024 was £92613 increase of 3.43 % ovcr 2023. The General Fund showed a d¢ficit of income over expenditure of £1151 (2023 surplus of £8652) due mainly to vacancy costs such as such as pulpit supply, removal and induction. Contributions from the congregation durin& 2025 need to reflect a minimum increase of 40/0 to cover ongoing standing costs {not least the escalaling eleclricity costs), make contributions to the wider sharing churcli and undcrtakc esscntial maintenance of the fabric of our churches and manses. There were 59 Gift Aid donoTS (2023 - 65) and 26 regular donors who do not use Gift Aid (2023 - 30}. of th¢ total of 85 some 60 donate by bank standing order (2023 - 66}. At the balance sheet date, restricted funds of £1 0001 (2023 - £16482) were h¢ld by the church. Investment Policy and Performance No material inv¢stmcnts are held by the Parish. Risk Management Due to the fact that the Parish finai)ces have not improved to pre pandemic l¢v¢ls yet it will still be prudent to consider measures to reduce expeiidilure andlor increase income.
Strath & Sleat Church of Scotland Trustees, Report (cont) Year ended 31 December 2024 Reserves Policy The charity trustees have Considered the reserves required and have taken into account their ¢urr¢nt and future liabililics. It is the Trustees, p)licy to hold reserves of approximately ou¢ month's expenditure includillgi designaled funds. At the year cnd the Church held unrcstrictcd funds of £411946 (2023 - £42097). £1,600 (2023 - £3.236) is rcstTiLtEd for fabric funds and other restricted funds of £8,-195 (2023 £13246) are shown in Note 15 10 the accounts. The (ieneral Fund theretore is showing a balarLce of £40,946 (2023 - £42,097)- However, the trusttts are aware of the need to keep fimds available lo mcet un¢xpecled fabric repairs where the balat)ce in ihc restricted fabri¢ fund is not sufficiellt to meet Ih¢ costs. The tNstees intend to revie, tlieir reseNes policy at regular intcrval5. Structure, Governance and Management The congregaiion is a r¢gistercd clLarity, number SCOOI 285 and is administer¢d in accordancc with the temis of lh¢ Deed of Constitution (Unitary Forni) and is subjcLI to the Acts and Rcgulations of the General Asscmbly of th¢ Church of Scoiland. Mcmbers of the Kirk Sc5SitTrn are the charity irnstees. The Kirk Session members thc clders of the chwch and are chosen from those members of the church 'hO are considered to have the appmpriate gitls and skills. The minister, who is a member of the KL'rk Session, is elected by the congregJalion and inducted by Presbytery. The Kirk Session which meets a minimum of cight times a y¢ar is responsible for spiritual affairs within the church and since the transition to the Unitary Constitution in 2019 ils members are also expected to have the skills and commilmcnl lo contribute to the manag¢ment of the business affai of the Church. Certain responsibilities are delegated to the Finance Team and Propcrty Tcam as appropriate. Reference and Administrative Information Trustees The trustees who Setved in 2024 and up to the datc ot'signing the accounts were Klrk Sesslon PTiRcipal Office-bearers Minister.. Interim Moderator.. Session Llerk.. Church Treasurer=
Strath & Sleat Church of Scotland Trustees, Report (cont) Year ended 31 December 2024 Prlnclpal Office(s) Charity No.. SC001285 Independent Examlner MacKenzic Kerr Limited, Redwix)d, 19 Culduthel Road, Inverness IV2 4IL4 Ballkers Bank of SLotland, Main Street, Kyle, IV40 YAB Trustees, Responsibilities in Relation to the Financial Statemenls Tile oliarity trustees are responsible for preparing a irustees, annual report and financial stalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acccptcd Accounling Prdctice)- The law applicable to charities in Scotland requires the chanty trustees to prepare financial statements tor each year which show a trne and fair eW of the state of affairs of the charity and (Trf the income and eXndItUre of the charity for that period. In prq)aring the tinancial stateinents, Ilie truslees are required io: select suitcible accounling policies and Ihcn applv Ihcm consislcnily,. observe ihe ineihod and principles in the applicable C])artti¢s SORP- make judgctnents aiml cstimates ihal are reasonable and prndent,. state 'hether applicable aceounling standards 8))d statements ol- recommended practice have been followed, subject to any departures disclosed and explained in tlie financial statcmcnts- prepare the financial statements on lh¢ going conlern basis unless il is inappropriate to presume that the ¢harily will continue in operational exist¢nc¢. The trnslees arc rcsponsiblc for kccping adequate accounting r¢cords th<il arc sutricient to show and explain the charily's transactions and disclose with reasonable a¢cura¢y at any lime the financial position of the charity and to enable them lo ¢nsur¢ that thc fiiiancial stalcincnts comply with tl)e Charilicb and TstCe Invcsln)enl (SLotland) Act 2005 and ihe Chdfiii¥s AvLouiils {SLuiland) RcgulaliDns 2006 las au]ended}. They are lilso responsible for safeguarding ihe assets of the charity and h¢nLe for thking reasonable 51eps for the prevention and deiection of fraud and other irregularities. The trustees are responsible for the mainrenance and iniegrity of the charily and fin4ncial infonnation on th¢ congregation's website. Legislation in the lJniied Kingdom governing the preparation and dissemination of financial staiemcnts may differ from legislalion in other jurisdictions. Approved by the TnJsle¢s and sigJned on iheir behalf: Date 27 Februar), 2025
Strath & Sleat Chureh of Scotland Independent Examiner's Report to the Trustees of Strath & Sleat Church Year ended 31 December 2024 I report on th¢ a¢counls of the charity for the year ended 31 December 2024 which are set out on pages 7 to 18. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance wiih the ternis of the Charities and Trust¢¢ liiveslment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) lo (c) of the Accounts Regulations does not applv. It is my responsibility lo examinc the accounts as required Und sectioii 44(1) (c) of the Act and to 8tate whether particular mattS have come to my attention. Basis of independent examiner s $t#tement My eXainatiOn is carried out in accoidance with Rcgulation 11 of the Charities A¢¢ounts (Scotland) Regulalions 2006 (as amended). An examination includes a review of the accounting rcwrds kept by ihe charity and a comparison of the accounts presented with ihose records. It also includes consideration of any unusual il¢ms or disclosures ill thc accounts, and seeks explanations frorn the trustees conLeming any such matters. The procedures undertaken do not provide all tli¢ evidence that would be r¢quir¢d in an audit, and onsequently I do not express an audil opinion on the view given by the accounts. Independent examiner's statement In the course of tny examination, no matter has coillc to my attention which gTives me reasonable cause to believe thai in any material respect the requirements: to k¢q) accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended}, and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2(N)6 Accounts R¢guldtions (as amended) hdve not be met, or 2. to which, in my opinion, attention should be drawn in order to enabl¢ a proper understanding of the accounts to be reached. MacKen2i¢ Kerr Limited Kedwood 19 Culduthel Road Invern¢5S IV2 4AA Dale.. B rtc.& tcos
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Strath & Sleat Church of Scotland Balance Sheet At 31 December 2024 Tot41 FuDds 2024 Prlor Year 2023 Fixed Assets: T2n8ible assets Invesunth]ts Total Fixed A55ets Current A55et5 Debtors 5098 4948 Cash ai bank and in hand 49602 57130 Total crrellI A55ets 54700 62078 Li*bilities Creditors Calling due within one ye4r P4et Current As5el$ Creditors falling due afier more than one year 12 3753 3497 511947 58581 Net Assets 505147 58581 The funds of the eharfty: Endowment funds Is Regtri¢ted income funds l(KJOI 16147 Unrestrict¢d incorne funds 40946 42434 50947 Total ch8rlty funds Is 50947 59581
Strath & Sleat Church of Scotland Notes forming part of the financial statements Year ended 31 December 2024 Aecounting Policies Charitv information Strath & Sl¢at Church of Scotland is an unincorporated association established on 14 December 1965. Basls of preparation The financidl statements have been prepared in accordance with "Accounting and Reporting by Charities: Slalement of R¢¢omm¢nd¢d Prathice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standards applicable in the UK and Republic of Ir¢land (FRS102)"" ¢ff¢ctive from I January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended). This charity is a Public Benelit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charilies not to prepare a statement of cash flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the ncarcst £. The financial statements have been prepared under the historical cost convention. Th¢ principal accounting policies, which have been applied consistently in th¢ current and preceding year in d¢alingJ with items which are con8idered material to Ihc accounts, are set out below. Fund accounting Funds are classifi¢d as either restricted funds or unrestricted funds. d¢fin¢d as follows. Restricted fitnds are funds subject to specific rcquirernents as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of thc charity. Endowment funds are funds which have b¢en given on the condition tl)at the original capital sum is not reduced. but the income there from is used for the purpose defined in accordance with the obj¢¢ts of the charity. Unrestricted fimds are expendable al the discretion of the Irustees in furtherance of the objccts of the charity. If parts of thc unrcstri¢t¢d funds are eannarked at the discretion of th¢ trustees for a parti¢ul(Ir purpose, they ar¢ designated as a separate fund. This dcsignation has an administrative purpose only and do¢s not legally restrict the trustees, discretion to apply the tund. Going concern The Trustees consider that ihere are no material uncertainlics about the ability of th¢ charitable company to contiiiue for the foreseeable future, and therefore lias adopted the going concern basis in prcparing Ihcse finaiicial statements. Recognition of income IiicoEn¢ is r¢LObJIli5ed when th¢ charity has entitlement lo the funds, any perfomi(Ince conditions allached to the item(s) of iiicome have b¢¢n m¢t. il is probable that the income will b¢ r¢ceived and the amount can be mcasured reliably.
Strath & Sleat Chureh of Scotland Notes forming parl of the financial statements For the year ended 31 December 2024 Dong4ted services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item, any Conditions associated with the donated item have been met, the receipt of economic benefit from the use by th¢ charity of the item is probable and Ihat economic benefit can be measured reliably. In accordance with the Charities SORP (FRSI 02) Ihe general volunteer titne of congregation members is not rognIsed. On receipt, donated prof¢ssiona] services and donated facilities are regnised on the basis of ihe value of the gift to the charity which is ihe amount the charity would have been willing to pay lo obtain services or facilities of equivalent economie b¢nefit on the open market; a corresponding amount is th¢n recognised as expenditure in the period of receipt. Interest ree¢fivAble Interest on funds held on deposit is included when receivable md the amount can be measured reliably by the charity. this 15 nomlally upon notification of the interest paid or payable by the Bank. Recognltlon and allocation of expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis and is recognised when tliere is a l¢gal or constructive obligation to pay for expenditur¢. Fixed Assets The Charity has the right to occupy and use foT Its charitabl¢ objects certain tangibl¢ fixed assets, including the Church, halls and manse, vest¢d in the Church of Scotland Gcneral Trustees. No consideration is payable for thc use of these assets. Expenditure incued on the repair and maintenance of these asb¢ls is charged as resources expended in the Statemenl of Fin¢tncial Activili¢s in the period in which th¢ liability arises. No fixed assets are held by th¢ charity. Investments There are no investments oih¢r than those shown in th¢ Appendix. Taxation Strath & Sleal Church of Scoiland is recognised as a charity for tlie purposes of applicable taxation legislation and is therefore not 4ubjecl to taxation on its charitable activities. Th¢ Charity is not registered for V AT and resources expended therefore include irre¢ov¢rable input VAT. Cash and Cash ¢quivalents Cash (Uld cash equivalents include cash Én hand. Debtors Trade and othcr debtors arc rec(Ignised at ihe settlement amount du¢ aft¢T any discount offered. Prepayments are valued at the amount prepaid net of any discounts due. Creditors Creditors arc nonnally recogni8ed al their seltlement nOUnt after allowing for any trade discounts du¢. io
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Strath & Sleat Church of Scotland Notes forming part of the fmancial statements for th¢ year cnded 31 December 2024 2024 2023 Stsff c05ts numbers Salaries and wages Pension Lonttibulions 4409 61 14330 243 Total 4470 14573 The average nLunber of employees during the year was as fullows.. 2024 2023 F4umber mber Parish Development Assistani to 3110312024 No employee had ernployee benefits in excess of £60,(K)0 (2023 nil) All Church of Scoiland congr¢gauons coniribuie 10 ibe National Stipend Fund which bear% thc ci)sts of all ministers. stipends and etnployer'5 coiitributions for nationdl insurance, pensiL)n and housing and loan fund. Ministers, Slipcnds are paid in accordance with the national stipend scale, which is relad lo years of serviLe. Fur the year underreview the minimum stipend was £31,642 and the maximum stipend lin the 5th and subsequent years) £38,8S4. Trustee Remutser#tion 4Dd Related Party TranMctions DurinL the year six trustees12023 - six) received retmbursement of expenses incurred ioialling £10.092 {20?3 £14411 l including Minister s Travel Expenses. No ItU51ee or a person related ¢0 a Uu9 had any personal ujtcrest in any ¢ontra¢t or trdnsaction entered into by the charity during the year. During Ihe year a total of£7,8701202J - £8.235) as donated io th¢ Congregaiion by trustee5. Tfillglble Fl%ed Assets Nont held. 10. Investments None held. 13
Strath & Sleat Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 11. Debtors 2024 2023 Gifi Aid Tax Refilnd Due 4395 4258 Other Debtors 60 Prepaym¢llts 703 630 S098 4948 12. Creditors 2024 2023 Accruals Other 1945 1808 3753 2.398 3.499 13. ADalysi$ of Net Assets Among Funds General Dtsigllated Restrlcted Endowment Total Fi¥ed Assets Inve%tmenL8 Current Asseis 44699 10001 54700 Curnt Liabilities 3753 3753 Iyet assets at 31 Dec 2024 40946 ioooi 50947 General Deslgn8i¢d Restricted Endowjnent Total Fixed Assets Investments Current Assets 45116 16962 62078 Current Liabilities 3019 480 3499 Net assets at 31 Dec 2023 42097 16482 58579 14
Strath & Sleat Church of Scotland Notes formfing part of the finydneial statements for the year ended 31 December 2024 14. Volllnteer$ In common with all congregations of the Church of SLoiland the congregation benefits from the contribution made by volunteers who give their time and ialenis willi11llY for tl)e benefit uf the Church. The areas of congregaiional life which rely on the contributton of volunteers are many and vailed and uch of the a¢iivity would be unable to continue were it not for the comrniiment shown. 15. MoveintDt5 in Funds At J January 2024 At 31 Dee llltome Expenditure Tr4nsfers 2024 EndoiTrThent funds Stipend EndowTh¢ntlGlcbc Incorne 3171 3171 3171 3171 R¢$tri¢led funds Fabric- Broadford Fabri¢- Kilmore Friends ofElgol Lcgacy Inow lunding for Parish) DevelopmL*I Assistt W511 Church Twinn]ng Proj¢¢t Refug?tt Holiday Scheme Space PdTish Orgdnisdtions 1212 815 1209 1206 374 50 441 1159 5975 3288 4911 1064 3288 28] 2938 764 281 2938 824 1368 1308 1048Z 1.368 7849 Iwioi Unrestrieted funds General Fund 42097 42097 103678 103678 1048?9 104829 411940 40946 Total funds 108217 115849 51x947 15
Strath & Sleat Church of Scotland Notes forming part of the financial statements For the year ended 31 December 2024 At l January 2023 Ai 31 D¢¢ Intt)me Expendire TransfeT$ 21123 Endowmeni fund$ Stipend Endowm¢nVGlebe Income 3170 3170 3170 3171 Restricted funds Fabric- Broadford Fabric- Kilmore Friends of Elgol Legacy (now funding for Parish) D¢v¢lopm¢nl A*isiani po%il Church Twitming Project Refugee Holiday Scheme Ceilidh nan Sg¢ul Warm Spaces Pdrish Organisations 6779 815 982 50 5617 1212 815 1209 25 {202) 21795 1733 15820 6635 5975 3288 8190 86 500 305 500 (500) 281 3900 595 962 483 2938 764 652 33342 12700 29620 16482 Unrestricted fulld$ General Fund .13445 33445 97065 97065 88413 88413 42097 42097 Total funds 06787 112995 121203 oses of Endomqnenl Funds Stipend Endow'menb'tilebe Income.. I'his amount is ¢redit¢d against our Giying io Grow Contribution and is derived from Fund% held by ChurLh tsf S¢otland General Trustees on behalf of the parish. Pu oqes of Restricted Funds Fabrtc- Broadfoid.. Funds for major restoration projects and routine mainlenance in iht church, hall and rnanse. Alwnately these costs are charged io (h¢ General Fund. Fabric Kilmore.. Funds fur major restoraiion projects and routine maintenance in the church and rnanse. Alternatcly the%e costs are charged to the General Fund. Friends of Elgol- FLmds' originally for rnajor restoralion projects and routine maintenance in the church. Alternately cosis are char¥ed io the tienerdl Fund. Since the sale of b.lgol Lhurch in 2023 these funds are uqed to support ocLknional services held in Elgol Community Flall. Legacy (now fLmdillg for Parish Development Assisthni post}- Fund holding bequest orig1rllY for use parttcularly at Broadford and Kilniore churches. Aftcr consultation w'ith othcr beneficiaries funding for Parish D¢veloptnenl L$sisnI post 8ince ?021. Church Twinninu Project - Fund for support of twinning project wttb St Paul's Episcopal Church Amman Jorddll since 2019. Re¥ee Holidaj. Scheme- Fund for support of scherne initiated by Ne, Scots Holidays programme pre pandemi¢. This scheme wa> revived during 2023. Ceilidh nan Sgeul - Fund for event planned for Summer 2022 in conjun¢iioD W2th Refubjee Festival Scotland. After agreelnent with donor the gift was Iran8ferred io the Refugee Holiday Scheme during 2023. Warn] Spaces- Community Links Project funding for Warni Space5 pro¥ramme at Broadford Church in 2023. 16
Strath & Sleat Church of Scotland Notes forming part of the finllneial stat¢ment$ For the yeY4r ended 31 December 2024 Parish Or anÈsations The%e currently comprise Sunday School, Kilmore Go411 Group {aka Sleai Community Choir), Kyleaksn Fellowship, DIUl¥l0 Cjroup (ak2 Thur%day Fellowsh]p 24), l.adies Group, Parish Developmeui Assistant Groups at Kyleakin Prayer Meeiing. The finance% ()f ihe fir%1 ihree are m3nd¥ed directly by the Treasurer, the other four manage iheir own rinances on a ILay-io-day basis and report monihly or amiually io the Treasurer. All other Parish Orgtsnisation leaders have confirnied that donations andlor expendiiure do not OLcur in their groups. 16. Collections for Third Parties 2024 2023 BlJthswo¢MI Ukrii]]t EmoTgenci Appehl ChrastRan Aid (via DFC I'urkeylsyrix F.#rihquake Appeal Friends of Hope and Faith School Harris Pujnp Fund (vid St Pauls F.plstopsl Churth (via 100 40 180 420 381 300 Tlie Community Food BaJik- Skve & Locha15h io io 1421
APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION B Y THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNT Crlt Balattces held ai 31 December at cost 8824 8824 Market Value of Balgnccs at 31 December 12915 9314 REVLNUE ACCOUNT Credit Balance at 311)ecember 19468 17206 TEMPOIi4RY ACCOUYT (re sale of Elgol Church) 12670 12670 Credit Balance at 31 tkcetnber