Castletown and Community Free Church of Scotland Regisfered Scothsh Charity Trustees, Report and Financial Statements Year Ended 31 December 2024 Congregation No: 448 Charitv No: SC 001754 Castletown and C.ommun . Free Church of Scotland Contents of the Financial Statements for the vear ended 31 December 2024 Page Church Inforniation Rcport of the Trustecs 24 Rq)ort of th¢ Indcpcndcni F.xaminer Rcccipib and Paymcnis Accouni Notes io the Financial Siaicmcnis Castletown and Communii Free Church of Scotland Tn mmi S¢ottish Charity Number: SC(A)17i4 Address Main Stnxt Castldoi Thurso Caithncss Bankers Roial Bank of Scoilat I l Olrig Sire Thurso Caiihness KW14 7BL JnclL' eiidiiir Eiaminer 12 Albert Stre KWI iBQ Castletown and Communit Free Church of Scotland Report of the Trusttts Th¢ Trust¢¢s are plwed to pr¢s¢nl their r¢port tog¢th¢r iiith Ihe fllwcial slal¢m￿ts of th¢ church for the N'ear ended 31 December 20?4. Status of Charity and Governtng Document Castl¢loi￿i) and Communiti" Fr￿. Church of Scotland fom)alli" knoiim as Olrig. Watten and Boii"er Free Church of Scotland. is establishLyJ bi. Constitution. The Chariti. name fornull!. chang?ed on the 13th August 2014. The thur¢h is a Scottjsh Cl]anti (No SC0017i4) Aims and Affiliation Castlctoikn and Communits. Frcc Church of SwilaNI is a congrcgation of thc nationa] Frc¢ Churth of Scotland ii'orking toii'ards the common aims set (￿1 aEK>￿e. It is a Presbiterian church adheringi in its ii"orship doctrinc to the position of thc Church of Seotland at thi Rcformatson. The FTCC c.hurch of Scotland has an Cxpjar￿t0Tr. documcnt iihich cxplains tl)c ongins ot tlic Church ar¥J ii'hich giN'cs the lllstorical backgyround to the Church coming into beinol 84) and lists documents in ii'lllch is mbodiLIJ thc eonstituThOTt of thL Church. Thc d(￿UMent is as"ailablc on re%wt from the Free Church of Scotland. l i North Bank St.. Tr Mound. Edinburgh. EH12LS. The Free Church of Scotland currenil!" has oier 100 congregations in ScotlaThl as ii.ell as one in London and four in North AmLrica. and SiSiLr ChurchLS foundtyj bi- mission ii-ork in Indi& PLru and South Africa. The Church also has a seminan" in heart of Edinburgh for the irainii)g of Miiiisiers and othcr Chri%(ian Workcrs and sustains an cN1Lnsii"c MissionaTh" pr(grammi rclatii"c to tlic sizc of th¥ church. The pnncipal activiti- of the Church is thc ¢(￿)duCt of public ii"orship and associated niatters in the contexl of l(Kai ¢onoregats"ons. Dating from 184) but ￿7th Tts r(￿ in thc RCfom￿l10n. it ou.cs its distinctivc titlc io Tts historical Stn1￿1¢ lo remain -fr¢e frcAn slal¢ inl¢rf¢r¢nce in ils int¢mal atTairs. It has close and a¢lii'e relations ith man! other R¢fomi¢d ¢hurch¢s of J¢sus C1￿"$t t1￿ughout the ii.orld and stsnds r￿MIl in the traditions iihich acccpts thc Biblc in rts cntircts" as thc Il'oid of G(d and. thcrlforc. dcrii-cs its fornis of t¢aching. iiorship, minislr%- and g0￿"¢MM¢nt from li. Th¢ main ¢mphasis of our ii"orship is th¢ prea¢lung of th¢ gospel - th¢ g￿xI n¢iis of a fr¢% and soi'ereiw) &qilats.￿ through Jesus Christ al￿¢. The Congregati￿ is aiithorisaj bN' the ChuTch to hal'e a minister paKI from central funds of the Church. The Church building and the Nfinister s Manse are the properts. of the congregation and are held undor th¢ Church"s m(Kl¢l tru￿ dLXII. Trustees and Office Bearers The Church is Presb!1erian in golemn￿ni and its da!" ￿ dai" running is u￿Sertaken bi" Ilie Elders (the Kirk Scssion) and the Financc Committcc Thc Financc Commit(Ce SPLYific function rclaiLs to ill material and financial business of thc C(￿gregation. liher￿S Eldcrs arc chargcd m.ith the general wid spiritual oversi￿t of the C(x)gregation. Castletown and Communi Free Church of Scotland Report of the Trustees The Finance C(Nnmittec (the Trustees) ser+"ed during the l.ear is.ere as folloii"s'. Tr-inance Cornniittee Co regational 'l'TI]Stees Appointment of Charity Trustees The Kirk session ￿erCiseS its discretion in determining the most appropriate meth(MJ of electing neil" Trust￿8 (Eldcrs D￿cOnS). .4ns" cle￿10￿ procc'5s MU￿ ini"olN"L thc conununicant It￿￿1￿rship of thc congrcgation. Thcrc is no filed tcrni of Trustccship. Prior to thcir appointmcnt. Iicii. Trustccs 1s.ould hai'c sLThcd church for somc timc in i"arious rolcs and ii.ould bc familiar iiith thc church-.s 'alu¢s. its aims and objecriits as ii.ell as its da!"_104lai- 0￿rat10ILS. .4s part of t7￿][ itThJuction progratnmc. T￿￿t¢¢S arc [qui￿j to Undcrsts￿j 5tatuton' IcspOJ￿1bilItlcs WEII a5 thrir responsibiliti. as elder or deacon. Achievement5 and Perforrnance During thc N'car. thc church mct rcgularl!" for ilorship and &2rricd out warious act7witi￿ in pursuit of the aboi."¢ stated aims. Financial review PrinL'ipcil ul'hikklinx Thc church reccii'cs rt funding from church manbers bi. ila!. of ii'eekli. offerings aThJ Gift Aid donations Rcsiili lor the iyar The financial stat¢m¢nts for the ifar are set wt in pages 6 to 8. The R¢c¢ipts and Pa!m¢nts awunt on p￿Tre 6 reflects a [￿t Surplus of £91112023 Deficit £463). GraDi Moking Policy ThL church makLS grants from its tith￿ gift incornc to indiiiduals and organi5alions that arL gLMoTrIIN' to thc TrustLfS and thc church. Thc bciicficiarics aru Iiii'oli'cd in acti1.iti￿ or minisirics compatible iiith the church's objeCti￿Es. Statement on Risk The Trustees assess the rnajor risk5 to iilu'ch the charits. is eX￿)Sed on an ongoing basis and ￿ve cstablishlxl prrtixiurcs io mrtigaic thosc that idcntifi()J as a rcsult of thcsc rcviThs. Castletown and CommuDI Fr¢¢ Cljurch of Scotland Report ofihe Tn￿lee$ Trustees, Respollgibilities Under legislation relating to clwities in Scotland. th¢ Trustees are required to wepare firtran¢ial statements for each f￿￿¢1￿1 year which give a true and fair vtew of the state of the church's affairs and of its ineoming resources and appRication of re40ur¢ffj in¢ludtng its swplus or deficit for that year. and which h&vc been prop¢rly prepared from aud ate ID agreemeni with th¢ a¢￿u￿tIng records of thc church and comply with relevant disclosure requirements. In prq>aring fllwncial st&ement& the Trustee5 TWUtrgJ to: A) S¢kct 5uitsble accounting EKJlicies and then appfy them consistsndy B) Mak¢ judgements and estimates that are rea￿llable and prudent C) Prepare the financial stratements on the going concern basis unless it is itiappropriate to presume that the church will continue its activitie& The Trn￿ are resp)nsible for keq>in8 prow accounting reo)rd which disclose with r¢&8onable accuracy at any ttme the ¢hurch's financial ￿sitiOn and enable the Trukn to ensure that the financtal statements comply with the requirements olsection 44 to 48 of The Charities and Tn]stee Investment (Scotland) Act 2005 and the Cb8rities Account (Scotland) Regulations 2006 flowing there from. The Tnwees also have genffal responsibility for taking su¢h step5 as are reasonably open to th¢m to safcguard the church's &&sets and to prevent and detect frdud and other irregularities. ro￿ed bi. lh¥ Ex)ard pf 'l'FU%tLL% and si ned n their behalf by: Dated.. Castletown And Communi Fr¢e Chur¢b of Scotland Report ofthe hdependent EJaminer lo the For ¢h¢ y￿r ended 31 December 2024 I report on the financial stslerYMts oftr* charrty for the year ended 31 Oecemiw 2024, which are set out on pages 6 to 8. Re8pttOv• rèsponsibilti•8 of the tr￿te¢S and the Inde￿nd*nt examiner The charty's trustees a￿ responsib￿ for ￿ preparation of the financial ststements in accordance with the temis of the Charibes and Trustee Investsnent {Scotlandl Act 2￿5. the Charities Accounts Iscotiandl Regulab"ons 20C6. The charty trustees cor)SKJer that the audit requirement of Regula￿1 10{11 Id) of the A¢¢ounts Regtslatsons ¢S)es not appty. It ts my responsibility to examine the financial statements as required undw sectth 4411Xc) of the Act, and to state vthetsr parti¢ular matters have come to my attÈniKIn. Basis ol th• Independent Examinerf¥ stat•m•nt My examinth'on is carrEd out R) accordan￿ with Reg￿ati￿ 11 of the Charities Accounts {Scotlandl Regulations 2(￿. An examination indudes a revw of the accounting records kept by th8 charity aThJ a ¢ompanson of the ffina￿al statements presented wth tI￿se records. It alg) includes ￿n$'N1eration of any unusual items or discthures in the financaal 5taternents, and seeks explanatk)ns from the trustees conc￿1ng any such matters. The procedures undertaken do not provide all the eviderbce wh￿h would be r￿U￿red in an aud¢ and consequentty I do not express an audit opinb)n on the view given by the financk31 ststerrents. Independ•nt Examlnees statèment In the course of my examinatv)n, no matter has com& to my attention.. 111 whth gNes reasonable cause to betEve that ￿ any matenal resm the re(NJirements la) to keep accounting records in accordarKe with S￿tion 44(11(al of the 2005 Act and RegU￿1￿n 4 of the 20C6 Aecounts ReguW"orts. an Ibl to prepare axounts which accord y￿th ￿ accountwYJ reoxds JKI ¢otrply wth ReguktDn 9 of the 2C￿ Ac¢ourts Regubtions have rnt l)een n*t', or (2) to which. In my opinion, atten￿n shoukj be dtawn In ￿der to enable a proper understanding of the accwnts lo be reached QualifKation: Acwunthnt Address: Kwlck Bwkkccping 12 Albert Stre Wick Caithness KWI 5BQ Date.. nd Commullit Free rch of Scrtl*#d Receipts Paymernts ALfQUBt For th¢ Yur ended 31 Drf¢mbEr 2024 General F¥JMI led Fuwl$ Fibrie TotA Totals 2013 Caré YN¢h Dellbrllliior 2014 RECEirrs tknations Bank and Ikp05it Interest Inv¢stm¢th Ir*4)tne Income frotn Smile Amax Don8tions for Varitho Clkoriti¢5 Use of liall ()¢￿t Ke￿￿ptS TOTA 41591 16 33 lJ53 44.144 19 33 33,072 16 30 2.695 130 360 36325 315 192 315 492 45,(nl 31X 1.853 PAI I%lEL ChariL&Ae A(aiviti¢s TOTAL PAYMEN15 4i,253 4i.253 1,440 1.440 44.693 36,788 36,788 l)..Ili'.IISurplus fix y¢2r ￿rare ¢Tan5fers 495 413 Transf¢rs Dclii':I/Surplu5 after trartsfers 664 244 ststement of Funds BalarKe at ij)mm¢n¢eu]ent 302 221 1.076 1.59) 2.Ih2 Balance at tl 966 244 224 1.076 2.51 1,599 The above FllNds *re represtmted br. BaTrk c￿￿ent A¢{3)￿11 Treasurt*s Acwunl Dcptvsii AcaN￿1 D¢posit Invtstsnerti G￿tWaY C 649 649 1.126 224 267 1.076 1.109 221 267 224 267 244 244 224 1.076 2,510 Aprtni'ed b!J t￿.e Fl(xg*d pf signal ￿ their bdmlf by. C#stletown and C.ommunih' Free c.hurch ofscotland otes to the TrinAncial StAtements For Ihe year ended 31 December 2024 l Accounting Policies. Basis of financial stitements Tlie financial Siaieinenis have been prepared on a cash basis. C"hurch Ini(bme All voluiilary inLome and bank interest and income tax recoveries on Gift Aid is accouiited for wlien reLeived. 'I'#ngible fixed #ssels Tlie manse was built in 1992 and infom]ally vulued by u member of Ilie Cuinmillee at £85,000, based on ils Lon%lruLtiun costs. Th¢ ¢hur¢lies and ilie liall have not been valued iii view ol. the liinii¢d miirkel uvdilabl¢. Ilnrestr5¢ted funds Lomprise income received for Ilie objecl of Ilie cliurcli willioul furtlier specified purpose and are available as general funds. Re¥tric'ted funds LuinpfisL' illLomc which l)as bLLn rLLLI%'Ld for the objects of ihe churLli and speLiI'iecl tor a reslriLted purpose within Illese objeLls by il)e donor. 2 Ministers. Stipen Tlie Stipend in P