ABERDEEN: FOUNTAINHALL CHURCH OF SCOTI.AND ABERDEEN: FouFrfAINHALL CHURCH OF SCOTLAND CONGREGATtON ￿11￿RF.R: 31J909 SCOThISH CHARITY NU￿lBER. SCIJ02019 FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DgCEhlBER2024 ABbRDEEN: FOUNTATNHALL CHURCH OF SCOTLAND IndeFndeTrt aL¥liknr's report ststemcttt offjnancial ¥ovitics incorrx)rattng income aDd e%p¢nditure account 12 Bthnce sh¢et 13 Statemelltofcash flows 14 N¢A¢s andxojunting policies 15-30 Appendix 31 ABERDEEN: FouNfAtI¥HALL CHURCH OF SCOTknIND TRUSTEES, REPORT FOR THE YEAR ENDED31 DECEMBER2024 Th¢ Tnjrtees presem their ann￿1 rerKprt and fllwjcial Sts*rnents for th¢ ycar cndd 31 Ekc¢mbcr ?0?4. The fitwciai statements have prcparoj in accordance with tbe accowiting p)li¢ies srf out io No* I to th¢ fithaocial st*em¢tts •)d ¢omply with thr Gajernl A55cmbly Rcgutations for Conwtionai Finance. the Ch2ritie5 and Trustrc Investhient (Sc￿laImI) Act 2005. the Charities Attounts IsixJtl8nd) Regu￿10￿$ 2006 las *llelldth ftytTrlainlo11 ChuY¢hotth¢ Cross and Chw¢h the Stocke( with onc united seTvice being held several Éimes a year. JubiJat¢ Worship is held ¢very Sunday evenuig & the Church Centrc in the fornj of a Caft followed by infom?aE wotship. ColTEe5 arvj are 5EtvuJ aftEr IWT5hip exh Sunday morningio eneourng¢ ￿ngr￿gational fcIjo￿kn"p aDd welcome ne1￿MerS. Out Sunday mtsTllTngSti￿c￿z1e live streAtnedafjd record￿ and avai]abk for ail to watch via webs(te 2Trd Fac£b)ok pag& A good uf fjhilthErJ attEnd Swmlay morni￿0 worship so a Sunday Club meets * the Stsxkd and adiwtii¢s fiyr young children are prosided at the CTOSS. Founlainllljl Church is very we]1 by its membets and thc 66 truskcs who are ordained F.Ider5 forming the Krrk Session. Many &)nate rnolley. time andlor¢xErniseto enablew]￿ChrlstiaQWoTh￿]p ¢Jn EndtveDing5 and to SllPPDrt outrexh a£tivities {ov¢[sts￿]￿tern81Io￿al charities. ￿tIonal clwities or local charities forexample) or io mati)tsin the fabri¢ of our btsildinss and space& Apart frrmn tl* fitwKial {Jun&]￿ls rnad¢ by th¥ iTusl¢¢s L)f£78,J90 10 thc chutL substsntial numkn ofh¢)ws of voluntary work fffjm dedtcated teams of people e¥Jsure thai buildings art well￿aIT￿l￿ manage4 and to the communiiy for a vLry MidL w¥¢ ufa¢tiviiies-only 9)me of whi¢h are listed htre. Church choir Irdised for tharlie House through a C¢Nnmunity Choir iThitsatI￿) Coffee Shop atthechurch CeTrtre1svetkdays apartfrom the s￿￿Mer￿0￿thSI Guildlwho support ardngeof charttses &well ls offering outr￿h) ParenLand Toddl¢r Group5 ramily Fun days on SatL*day mornings (for chwcb famiii¢s 2nd familie5 from the l¢x41 commvntyl Mwsicaj COn￿C(lon5 (for people Itvitig with deEnenliA a￿1 their supporters) Musi¢ &the Strfket (raise5 futtds fora Vdrw ofcharities} Lively Minds forlopic&t (￿sCUSSI¢)n Gamcs Group5 Colfee and c.hat Café Church on wcckdays Craft G￿llp5 ABERDEEN: FOUNTAtNHALL CHURCH OF SCOTLAND Men's Gnillps Fcllowship Grour Paq07aE stwrt in the fonn of afterlloonte4s fOrthe￿￿e vulnetablc ch￿￿h membEf5 The Supperclub." providing a 0￿4 furth05¢ who siTugglingtc0￿MicalAY (h05ted in the Chur¢h Centftl. In &ldTtion. Founr2inI￿i Church rdised mrmey forotF¢rcF*riti¢s during 2024 in sum of£l&533. Fouotainlmll ChU￿￿partiCl* tn ChTistsan Aidweek ￿sing fiJD(Ls throLl￿ a variety of activRiÉcs 2nd I￿sac10Se partncrsbip with I￿8[ charitie5 such &$ Ins12ntNeighbour. Our website provides a snapshoÈ of"Wl*t's onv and serves to prixnok the activiti¢s of tlh)se wh) use oUrpEeMi￿ tbat we believe ap￿21 to most of th¢ community. Our rotes ate at offordabl¢ l¢v¢l& This is particularly thc (asc for charitsblc groups. Ma]]y lool group5 extLnTrl ￿ the chtueh. such as ¢hoi& orch¢sW rItr￿&S Spanish class4 dpdma etc. hiw th¢ prnnises ojid Contribute to our sneomc 8t￿ratIon. A kkntshipi5in place Cognito Caféandthe Qtten'$c￿5sNW￿. inder£￿dert busine55eswhich offer fvrtherincome generation forthe chur 'I'hese wid¢-rgni¥ng grvI￿5 t￿[raSS0clatd activilies C￿￿[¢that wcare a wibrthrtchurch anda key fod point fortt* lo¢al community. church maga7ine. the knrce. creatcd by a tcam of MTitcr5 and ediEors withirÈ ihe Lhurth ihTff lime¥ Fr yw, cnabl¢s around 8.OOOcopiestobe ¢tisrrl￿*dbyV0IuTttCLT5tohOrneSWrthin0Vrp2rish t¥>Lmdarit4 offeTing%furtherw)irrtofconrwtion beÈween thE Ioc21 comrnuniry andthecburdL Wt corrtinue wtth the chaJleng¢ that j5 biinging togthr four fO￿¢r churches into onc uDitcd chwch followfft￿g the unton on I" JurK 2023. Tr union required the Kirf( Session (the Trustees) to engage fi]Ily and actively in the deasion-mak.ing proce5&fS to cnsurc our church afflivtiies enable thv ptimvtson of the ChrÉsti4tL faith, supp)n. outreach lo¢￿ty, nationdly and intcmationdly, and ess¢niial fund-raising for our community work and mainlefta￿e ofow busldinbt% This has result¢d in rnany opcn and sometimes chajlengtryg ¢onvLY5alions as diffeTeni persFecrives are shayed to Teach agffemert as to the way forvdrd forf0uttsin￿I chtsr￿ ternains ary on. - prncess. However. as a chutch with a cwsiitutso the Kirk Session Teams ate well established wfftth ¢1￿1ty around their organigtion and necessary appnv815 of their thcision makino ES sougtjt from the KI￿ Sesston requi￿d. We are very fOrt￿aIt tri have dcdic*ed iDdividLwEs vjilliug ty orry out thekey roks requiTeda]thW ￿ll]e longrfthnding leatshave stepped (ktrwn to Co￿¢ntratethejr conlnl¥utt"on in other In implemeTrt of Presbytery Plan. we wjrsuing ¢ltsser co)peTation with Aberdeen: Devdn& Church and hove srarted to explore ent￿l￿g inlo a Parish Gro￿1ng and itive#iWing City Ccntre miniyrylmission Èn Aberdeen. The development of a proposgl fvFè sKwcityccrt￿ iniliative is l￿der way. Fln*ntial review com￿1Ve figyres for 2093 T¢lat¢ ￿ fijll year figures fv The Cross and 7 months for ￿ Stock¢ the Centre and the ¢0￿￿￿]01￿ of thE FornerRubislaw and Holbum W¢stChurche& Tbeyear ¢￿￿d 3 1 Dpzwnber2024 ￿sU11￿1 in & net ITfco￿c p95itr>n of surplus£7,4521202i- £?294,￿8). The Chulch'sprincipal SoUr￿0f8eneTal fithd inconK. bcin8offering4 donations legacie4 aJM)untrd to £318,518 {2023- £236.3981. This figure includes Ciift Aid OTr offtrAtigS the Ttiiod arnountcd to £4A662 12023 - £33.707). Totsl income ¢x¢ludit)S tr¥n5f￿¢t hF&nC¢S tho untvn (202J onlyl#muJJtth4 to £798.071 (- 7023- ￿ 13.722). OrdinaryexTendiiLUC inthe yearw8s £8110561?O?J- £518,8J51. The total fimds ca￿1¢d tsrbryard at the end of yvr, b]dow￿ert Restricted and Ltnrestri¢t¢d ￿Qu[rtcd kn Q427.301 {20?3 £2,799.849}. The Till¢ Dee¢Js of th¢ chur¢J) buildings #nd iennis court historically knowo as Holbum West ChuT¢h were held by thc local n￿gati￿ bUtWC￿ rrfrt rttodiised on thr trdlancc sheet of the forn]er Holburn WestCIMrch. A ddetrninatton wag made by the Cenerki TTU51Ee5 in June ?02i undcrwhich the frEc PT¥Ke¢d50fth¢ Sale of Ilolbum we￿ Chwch and Court 51dl crediLedto the tLTcfft ofthe a)nWith] in the C￿￿￿]￿d￿le0 Fatric Fut¥J of ChU￿h of &otlat¥l As 0 ￿ the ABERDEEN: FouwfAtNHALL CItURCH OF SCOTLAND buildtn85 aBd tenDiS Court ivere not ineoJpor8tcd intothc finonciol A8tCTncnts of AbcrthD: fO￿rA￿t￿l￿1] Chutcbas tthrtof the funds intr(XI￿d Utiion ard are thfftfore Doi wisedott the balatv slw of the Chyrch ts no ￿TrO￿l¢ bethefit ¥tiuld tlowto consTE8atioD. The Church also owns the church Ixul¢ting historically Q￿en.5 cro￿ ClA￿th. The TrrsSt¢¢s ¢(wsider th# it is not P05sibl¢ to the historical costoftlK Church from I8812ndthe amount isnotdeemed material given the length oftime sin¢¢ ￿ buil(lIn￿ was ertc*d. The Churth does not therefo￿ ie¢ogus¢thi$ buiSdingon il$ba]ance sheetandalso rccords ita5 a Heritsge Asset as Ihe tnLStees belrev¢ it meets the SORP csiteri& Expenditsre ithicb, in thc Trus*es' view. is ruiuÉred to prcscrvcor clcorfy prcvcnt fvrthcr dctLYioTrtion of thc building is reco¥niscd in th¢ SOFA when IL is ittturred. The tttle to the M8n5e at 182 Midst(th Road h&% T5de NuTnbJ ABN99694 and thc tidc is the naTnes of the hfini5f S¢ssion Cl¢rt$8nrt T]rasurer for thetun¢ betng of1￿ co￿￿egatiOn asTnLts forthe 5atd con￿0￿. The title to the Mamsc at 31 CEanford Rrd i5 r¢cordcd in tl* Rcgister of S&%ines the title is in t￿ names oftbe Session Clerks forthetime beingofthe COngre￿tion as forthe said COn￿egation. Dwing2024 iwo rnan5es We￿ wliL FKing the forn1erQ￿￿S Crnss MaDseaThl the fonDerRubislawMan Invest￿ellt ￿1*Y and wfornunte rixcd invc51mcnts orc ststrd at markei Value Bafattce Sheet d*. Unrealiscd gains and losses reFYeserf ihe dirremce ￿Wtt￿ the market value * the beginrring 8t￿ end of the financial year or. if purch¥%ed in the year. the difference between and rn￿¢t valuc ol th¢ cthl of thc y(*r. R￿1.￿ ggins ond losses repTesentthe diffetence1th4een the pr{￿eedS on disposal and the matket waiue at the stan of the year or cosi lfpLrch￿d the year. At the year erf the mark¢1 v31uE of investthents hdd was £244.10912023 £222.672). and thc origiTMI cost was £126313. During the yc4r divideTLds of £5.149 (2023 £1.691) reCeiV￿L Ri%k ffi8nagemtht future plAns 1'he'lru51ttS ￿ve assessed ihe major risk.s io Mthich the C1￿"ty is cwsc4 in particular thosc telating fo finances and hav¢ put plans in plp£e to mitiwe exposute to the major risks. WithaD a8ringcoagzwionlx)thnationally and I0￿]Y within the Churchof Scowthe abiltyt0￿1jtt1￿Uet0￿lse sufELicNE funds fr(m available fesouree4 in or(kr to med IM)th loca] r£eds and to o)ntribute to the overall work ofthe nEtioTyal CEwrcb. 15 imPOrtwL In line wtth guidatlce fr(xn the Church of Sc¢Alan¢i the coDgrcglltion wiIE agdiD ID 2025 ir ]Jwte fully awdte of thc injportanccof SIcw4Edthip and thcnccd¥oftk clwity. In the Church ￿*[1 e(JsJtinuetrJ make itsbuildin8Sav￿1lbk io other groups Eoth as a fomi of (xllre&h aftd asa source ofrdising funds. Thezc is no iEDmcdiatc fiD8ncial risk. for Founthinhall Chu￿￿ However. the vtabtlity of Fourt2iDldl Church will bc very dependent¢)n maintsiningactive, vJlr2ntcommunity cotmeLtions andseek1Dgfiuthcropi￿itie5f01J￿C0Me8¢ner&Ion. Wt1￿ a new unitert the collective responsibility of rountstnh&ll Chutch. Likc many ehurchcs and thc Chlirch of S￿mIa￿d brosdly. the demogrdphics of our meth￿rShIP and the Kirk S¢ssion is not a long-iemi s￿l8l¢)8b]e one with mary members beioy over 70 yeays of ase. The long-ierni SUTv*val of Fountainlwll ChuTchwill b¢d¢pcNJent on havingvcrycrtative approaches tochw¢hand itscoll￿d1O￿sWythI￿th¢cOm￿￿ty. Thi5 ksachalleThge for all and I￿1] be a ¢lear f¢xx]s forvs in the short and bnuertemj. Now that1be General Assembty bas agreed cbangeStO￿ way in which Presbytery ￿VIewE collgEgdtion5. we wtll ￿ wo￿ltig Otl Pttpllrtion ofa fi¥c￿car Action Pl7￿ that bTings tosthcithc viston of cl￿¢ ftr its missio￿ worshtp. Itfc and scrvice tsking accouTrt of ow prcsert position. c*pacty financ￿eTht afid restri￿ fimts ￿1¢h hve Ixcn provid¢d for the pttFKWS specified iti Note 15. Struttuye. ROVern*net •Dd ttJ*nagem*nt The consrE8alion is a regi5*red charity. SC002019 and 1$ 4thninithrtd in x¢ordanc¢ with the tcrms of the Derxl of Constitthtion and rs subjertto the Acts R¢¥ulationsof th¢ G¢wal A55¢mbly ofthe Church of Se￿I4￿d. Mctttbcts ofthe Kirk &ssion are the clwity trustEes. The ￿"Tk Swion m¢mkrs are the eldEf5 of th¢ chU￿h and are chjsen frotn tkns¢ ￿¢￿bErS of thr Church who w¢ ¢onsi&red to have the apprDpriBlr g]ft5 skill& Th¢re 1$ in place a Modern￿r of the Ksrk" Sess￿￿ And the Mothvator the othcr Tninistcr in ministry te*n are members of KI￿ Session. Certain r¢sp)psibiliues aff ddcsafrd by ihe Kirk Session w the Pwperty, FinaYKfy Worsbip ond Spirilual Nourithniert, Family Ministy. FLO. Pa5kn￿. OutrracK Communieaitons. IT and Saf¢8uardin8 Team5 as appropri*e. The gmup m￿nber$ )S5¢$5 a •rn5t array of knowledge and experlence and th¢ Tru51f¢s d¢l¢8pt¢ day majxsemcnt of thc Charity to these group5 8nd Individ￿1$ 2nd tske adviee fmm them. The Kirk Sessio￿ whi¢h rnetts six tkmes # ye4r. i4resp)nsiblc for both the SPiTilll81 aryl iernro￿ affa1￿ ofthe Churrh. ABERDEEN.. FOUNTAINHALL CHURCUOF SCOTLIND REFERENC.E AND ADMJNISTIL4TIVE IP•FORTrIATEON FOR THE y￿*R ENDED31 DECEMBER2024 Dati1¢: Aberdeen: Fourtyainhall Church of Scdjand 311909 Charity reoStrdtic￿ numiw. SC002019 address.. Tly Chwch Office Founiainhall Chur¢h Cros5 Altyn Pl¥ Abcrdceii ABIO IYN Trustees Fourtaillha]I CbutchEl¢knslTnJsteuwh) haveserlrd sincel January2024 fothe thteofBpp￿Irnj 0fthESefin￿CIaI ststments w¢ Is follows: ABERDEEN: FOUNTAINHALL CHURCH OF SCOTLIND TRusfEES' RLSPONSIBtLrriESJN RELATK>IY TO THE FIP4ANCL4LSTATEMENrs FOR THE YEAR ENDED31 DECEMBER2024 Prlndpl oifK¢-be*rers (ail of whom arelwere TnLqiees) ststutvry Auditor The Grnllt consid￿ S121uW Audittrs 3ndChaTtered Accountwrt& 46 High SttrtB&xhory AB31 SSR B*nkers 8ank of Scotl#tMI plo QU￿n'sC￿5s klrnnch. 39 Alb)0 Pl¥¢, Abcrdeen.ABIO IYN rru#ees' responsibiiltles In relatlon io the tlnartlal S￿l¢M￿￿$ The Ghariry t1￿￿eCS ttsponsÉble for p￿e￿I￿ o TT4Lslees' alln￿1 rtp)rt 8Dd fmancial statemellts in aca)r(knee with applicabk hw•nd United Kingdm Attoulltins Sknd#rds (Unitd Kingthm Gew211y A¢xewd Accountitig Practicek The law &p￿1¢&ble to chariiies in ScOtknr￿ re4wres the Charity thL%tres to prepa￿ financial ststemeJLts for each year which shom a truealldfair Iiew of the stak of affairs of th¢ charity and ofthe incoming murces and 4>pEication of r￿u[Ce5, oftbc charity forth* ye4r. In p￿paringthe firArKial slatem¢nW the Trus*¢s are requtral kn: sdcct sultable I￿OuntIng poltaes attd th¢n 4)ply tkn r4)n5i5tCTrtIy" 01￿1Ve themdM)d a5Ld pri￿1Pk$￿tt th¢ applic4bk Cbarities SORP. makeJ￿R]entS estirnales thatsre ￿sonable alld PTudent wh￿her 4)plicabk acwunting st2ndard5 and siatem¢nts of rerA)Tnmen&d pr*ice Imve be¢n folk)Mei Subjecl to any d¢kwÉwe5 disclosed in thr finaKia] ￿tern(￿ts,. p8re the fiuauGial slalements onthE gtii￿ ￿nCern basis unless itAS iWPTiate io Presu￿ that the clwity will conttnue in opetatioll￿ cxisience. The ThsÉ￿ are rewnsible for prijptr xcourtins fcroTd$ which disclo* Mryth r¢&wnai4o ￿￿ra¢Y ot uy tittie tl fIna￿la7 position ofthc chttrity and enable th¢m lo ensure thatth¢ fjnancial stzt¢rn¢nts ¢omply with the Charities and T￿￿tee lrtv¢sttment {ScodaExi) Ad 2005 aDd the Charitics Ac¢owJts Iseotland) liegu]atiorbS 2006 18$ amended). They are also resEonsible r(x ￿￿8￿￿nts￿e assets of charityand hertt f(rt&ingEeasoTrxble sieps forthc PTLvellts(n and dettcti￿ of fraud aThJ iwl8ritie& The Trnstees at¢ ￿￿ks1￿1e &)r th¢ ffl3kntenancc and integrily of the charty and financial infomithon on Ihe corowon's Wel￿1Le. LryslatiOJL in the Uniled Kingthm govErning th¢ pKcrATat50n dis$rmi￿10n tsr rItsat￿￿ *￿t￿n￿nS dirr¢i from IcgÉslatton in otherjurisdÉ¢tion5. rovcdbv th￿Tr￿L￿5 Jvd 51 rA E¥R thcirb¢lw]f. ABERDEEN: FOiINTAINHALL CHURCH OF SCOTLAf4D INDEPENDENT AUDJ"J"OK'S IiLPVRr"ro"iHE fRuS1'L￿ OTr ABERDEEN: FOUNTAINHALL CHURCH OF SCOTLAND FOR THE YEAR ENDF.D 31 DF.CEMBER 21124 Opinion W¢ ho￿ awJit¢d th¢ finanGial Strt￿￿￿ts of Airrdc¢n: FouthaillMIEI ChurGh of S(Jrtlalld (th¢'G]Mrity') forth¢ y¢arended 31 DecarJbcr?024 thtch co￿i5t the st*Emertof financÈai actt%ihe¥ the batance 51LeeL the stthmentoFcash flows and ￿>t£S Éo the fin￿￿1￿1 strtemenl& including a swrhEllary Of51￿lEficant accixjntingpolicies. The fi]Jancia] wortiTtg r]8mewo￿th￿j]aS bccn applied ID t￿lT P￿t￿ratIon is awlicable and Untted KiDg¢lom AccouDtiDg Statxlards irKluding Fkpanual Rep)rting Stattdard 102 Tk l.iKttKcial Reporti￿ Sionkndapplicable in il* L.A and Repiibli6 of A￿laThd (Uniied Kingdom (ktherally Ac•ed AwountingPrarti¢e). In ouroptftion, the finanCh￿ statements: give a trne and Fdirviewnf the of the charity's alTairsas at 31 fkcember?024and of ILS incoming resources and application of resoufces, includincw its income and expenditi]Te, for1￿ year then eDded: have been properly werAred in ac4xJrd#nce with United Kinutom G¢nedly Ac¢tyed ACCO￿ting Practit< and havc bccn prctAFed in acco￿ancC with thc requi￿nents of thc Charitics and Tnjstcc Invcstsncnt{knttand) Act ?005 andregu1otlc￿ 8 oftlte ClwltiesAeco￿ts Iscodand) Re￿10))$2006 (as amended). Basis for opinion W¢ conducted our audit in accothce Thith Internatio￿ Standards ¢)n Audtiing (UK} {ISAs IUK}) and appli￿ble law. Our Ttsponsibijiiics undcr thos¢ sthtthdg ast fjjrther desCTi￿ in the Audiiof'5 respjnsibilities for audit of the rUM￿la1 statements section ofourreport We are independent of I￿¢1￿¢1Y irt acco￿ with the ethiol requi¥emetMsth* a￿ relevant to OUT auditof the financi21 statements in the IJK. including the FRC'S Fjhical StaTthrdand we have fijlfilled ourother ethical rcsp)nsibslities sn aecordarKe with these requirefflenL% We Fxlieve tFAt th¢ auiEil hawe obi8ined is sutrjcierrt tttd approprkate to provide a basis for our opinion. ContlusioLs relxtingto going oontern We have nothing to report in Tesrtrt of the follow&￿ matttts in rel*toll to which the ISAS IUK) requtre to re￿tt to you where.. thE tnEStees' use of the gorng a)nLrrn b&4"s of accoLmtiDg ID the of the fiDancftal st*emcnts is not appropnate: or the￿I￿ee5 have notdis¢losed in the financial sthtementsally illentified material unceftaintiesthatmaye&stsignificaDt doubt alK>llt thc clmrity's ability tts wntinue kn adom th¢ soins¥ conrcrn tW5is ofarcoun¢ins for a ￿riod vfai ltrdst twelvc mothhsfiosll the d&ewhen th¢ fi￿a￿la1 5trteIn¢nts art autIK)T55¢d for issue. Other iTrforrnation Thc oihcr information comprises the Énfomiation inclLrded in the annual r¢JxJrt ￿h¢r ihan IF¢ finanrl315￿r￿Trts our audito15 reFQrtthereorL The TNstees are respo￿￿Èble fortheoih¢rinformation wntain¢d within thr annu81 Ow opini on the fthancial ststernents cs not LY)ver the other infornw*)n aTrl except ￿ the extem othenvise &xpIÈci￿Y statrjj in our rerK)¢ we do not Lxpress any forni ofassutancc conclusion thereon. In conne￿70￿ with our audit of the fin8nciaT sÈatementy our rwinsibility is io read the other infomiatt(ffi an4 itt dotng so, consider ivhether other ll￿￿[0n is nTr*erially tt)consisrent with the financial stttments or our knoM4ed£e obtaittd in the audil or othcTh75c appcar5 to k ￿alErIallY ￿ls5￿*c(L If we identify st￿1 Ell3teri31 inconsistencies or aPP3￿￿t material missialeMen￿ Teqwted to dctrnnine whEther the￿ 15 a malerial misstalemerrt the fin8ncial statements or a material isstatement of the other Infom￿10￿. IT. FL%ed th the IWTk wc have w¢ ronElwE¢ thjt 15 4 ￿)￿[la[ mtS5tstcJncnt ofthL5 othcr infoEmatiow we are reqluredto report th2t facL Wc have nothing to rtport in thi4 ABERDEEN: FOUNTAINHALL CHURCII OF SCOTLAND INDEPENDE1￿ AUD￿OR's REPORT TO THE TRUSTEES OF ABERDEEN: FouNfAINHALL CHURCH OF SCOTLAND {contlnued) M#tters on Fhirb we are rtquirtd ts repDrt hy exitption In light of the knowledge arml understanitingoft￿ charityaThl it5 envir¢)nmentoblained iDthe ofttK audiL w¢ have Dot i&ntifird maEria] mi$5tstcmcnts in theTTU5tees' tewt We have nothtng to irt rwLa of the following matters iti relation to whÉch tk ch￿l11C5 and T￿￿ttS Inveslmetti (Scotlaudl and Clh8riti&% Accoutsts (Scottandl Regul￿nS 2006 re￿lIeS us to re￿rt toyou Rf, in (w opinK¥n: adequate wd woper accounting Tecords hve noi TeiLtrmS adequate for our audit have not been w¢￿1ve￿ from brdnchc$ not visited by u5" Lf the fin8nciai StateMentsare￿0t ina￿eeMent￿ththe accourtingrecor(baThJ ￿ or certain di5cJ05ur¢s oftru5tg¢5' Te]nw)eration wifi¢d by law are ￿t made" or we have ￿t received all the infornati()n and explan8tions r¢quir¢ foroyraudi¢ OT the Trustees We￿ not ¢ntit]ed to prepare the fingnciai s￿ementS ID *cordaoce with the gnatl companie5 regime aTKt t2ke adiw of tbe S￿￿ll eoDirAnies' exem￿lOn$ in the Trustee4 repTrrt and ftum th¢ rtqWTement to preparc a 5trdtew Ttwrt. RespDn5ibilitiesof Trustees As explaind rnore fully in iho statement of TrnSte￿ resp￿S1￿111￿es the Tft￿$ aff res￿￿51ble for the pryardtion ofthe ￿n￿￿JaI 5tstcrllcrts and for bcing 5atisficd thot tky g]v¢ a and f￿"r view. and for Such ITrten]al control as the TnTStus dei¢m)tne 1$ necessary to enable the preparation of fittallcial statements thaÈ are from miuth¢eM￿ Hljether d to fiaudorcrror. Jn prewingthe fitsatlcial ststanents. theT￿￿ttS are responsible f0raS￿SSingthe¢h1rity'sablIiryto cotttinue &s a going concern. disclosins as 4ipliLzblc. maltcrs relatcd to goi￿ cortthi and usingthe 2Otng 0)r￿ern FAsisof acco￿l[￿g unless t1￿ Tr￿Stee5 eitherinkDd to Jiquidate theclwity OTto cease 0pttalloj4orhaveno￿1l￿IC aiterDative to do xj. Auditor's respowibilitse5 for Ihe #udit of ihe fitsxtt¢i*l st2t¢mtnts Wc have kcn appointcd Ls auditor under section 44(Illc) of the Charities and Tnt#ce Inve5kneDt IS¢otland) Aa 2005 and rerrt)rt itt xcord8ntt withthe Ads and relevant regulations made or having effeetthereunder. O¢r obictthvcs art io obtsin reasonable assura1￿ aix)ut whthr thE fin4nFial 51atemfflts as a th)le are free fr£￿ Motcrial misstsiemen¢ whether due b) fiaud or enor, ond to issue an aud1￿￿$ report iPAi T￿ludeS ouropinion. Rcasonablc asSu￿te is a high level ofa&wran¢¢ but 15 not a 8uaraTt*¢ that aD audit iryiduclLd in acc%)rdanee wilh ISAS (UK) always d¢*CL ateriai mtsststement when it ¢xist& Misststcm¢th5 4ri5c fir￿n fraLKd or etror and are considered matrrial if. indiM(knMy or YD th¢ aggrcgat¢, thcy wuid r¢ASOtwbEy b¢ ¢xpth to inlluence the economÈc deeisiolls of tskwj on the bagis ofthese rmattcial ststaDents. rtegularities including Ènst#n¢es of m0n4ornplla￿ with laws and Ye￿tt￿tiOns. We design W(￿ureS in litie with our resw)llsibilitie4 oudiBed above. to dde¢i material misswements in respect of IrTegu]arjti￿ includjng frdud. The specific ptocedures f0rtblsell8ag￿e￿talld thecxt￿t1￿whltk these are Ca￿ble oFdetecting Irreg￿lariti4 includingfraud arc detsiled below. We a5sesscd the susceptsblty orth¢ charity's financial statemeDts to mateEi31 ￿lS￿latc￿lctrt and how frnud misht oww. jncludino thro￿ (Fscltssions with the Trustees. discussions our audit tE4m pl￿1￿8 mtrEin& upthtinrftr our re￿Fd of internal eontrols a￿d these cortrols operat¢d a5 int¢ULkd. W¢ ¢va]uthl posstbl¢ incentives and opportuntÈies for rraudutenl ￿￿1p￿￿10￿ ofthe fjnartial staiements. Wc idcTrttfd lay￿ and Te￿lOnS *e of SI￿1fi￿nce in the conlext ofabE ch&uty by dixu$5ions with trust£es and by updab.ngourw1dcr5￿￿￿ofthe sector Èn whith ihe charttyoper*& Laws aod regulations ofdirert $i￿1fi￿1 in tk cont&xt of the charity irKlude CharitÉes and TnE5tee InYesttncDt {Scoiland) Act 2005 arKt the ChariÈies SORP IFRS 10?) ?019. 10 Iéloqi li b b I p Lrj ABEIIDEEF4: Fouf4TAINHALL CHURCH OF SCOTLAND BALANCE SHEET AS AT 31 DECEMBER2024 Totsl 2024 Tol*l 20LI Tanyble ll3sclS HeTit4e Lssets 891.567 1,741832 2JA 109 ￿672 TOMI 1s8¢ts Dcblors Cash at b￿kand on hand Ji 31.122 L26&Q2J 1027.Jl I ToLIl currtat l J31.442 1.05&433 Cr¢ditt>rs due one year 12 56 Nrt currEUtwets 2.427.301 2.885.368 cTrd1￿rS aller mole than year 13 85 Nrt assets The fuads ollite chartty: ElldLTrW￿￿UI fund5 R¢sth¢tcd fun& Unrestriet¢d funds 15 Is 15 495500 49)285 470A04 447.189 1461.497 1859 Totsl cl￿rIty i.he financial AaTementswffE approved by th¢ Tt46trcs•rKI autknrtsed for i551 and sisned ontheir Eehaieby. 13 ABLRDEEN: FoW￿AlNHALL CHURCH OF SCOTLAND srATEMENTO> CASH FLOWS FOR THE YF.AR ENDED 31 DECEMBER2 Tfjtsl 2Q24 Totsl 2023 Not¢ Net C85h w¢d in OPErntiogkni 21 K44 C4sh Ilows from Investing*ctlvAties lfflerest and divithnds Acquisition oifLYed 25sdS Acquisition ofitWC51rnents P￿)Cted% fiDMS8leof&￿d assets Pmceeds f￿￿Sale of iuv¢sbnents 54.739 9.265 (1,313.7681 {211.310) 470.000 Net ca5b pnTrvided by Investillg actsvitits C¥sh flows from fin8ntithg#ctiviti¢s Advanced Repaymentof trKJTrowin85 (142662) ￿57 14 Netca5h provided by xthitr5 142 Cbaogt In attd easb equiw￿e￿ts in tbe yogr 137.780 825.071 Bank and c&th equiyaknts brought fon¥aTd 10?7-11 20 B￿￿k rzsb eq￿a￿￿ts£&rrICd fvrvi*Yd J2fi1Q91 lQ27o 14 ABERDEEN: FOUNTAINHALL CHURUI OF s£￿Tt.AND NOTFS AND ACCOU￿rING POLICIES FOR THE VEAR ENDED 31 DECEMBER 2024 Aberdeen: Fountainh8tl Churth of Scoiland is a Sccrttish UnincorpoT¥ted Charity gnd is registered in ScotlaTML The ¢lwity rewst¢Ted ftumber and princijxi addrcs5 found in the Refere￿¢ ond Administration tktsils ￿tIOn of the Rwrtofthp TEusLees. AeeountlngpoJicie5 Thc pri￿1￿1 aca)unting wl]Li￿ which have Ettn applied L￿sister￿lY in thecurrert aDJ precedingyr4r in de￿1￿8 Wrth whi¢h are considcrcd matcrial to the finaTKial $￿eMenty are set oui bclow. (al Actouuting The finarKid 5tstements of the Charity. Mthich is a public tfjxfit entity under FRS 102, love bc¢n prcparcd in a¢cOrd￿Ce with the chariws CQD5titut1o￿ th¢ Charities and Trustee knvc51m¢nl {Scot]attd) Act 2005, the Ckrities Accounts (Srotlandl Re8u]3iions 2006 (as amcndcd) aThl "A¢o)Uiiing and ReiJortin¥ ty CbarFties: Statement of Recommended Practice appSicabl¢ to chariti¢S Preparing their accounts in (*cordance with ihe FiTran¢iai R¢EK)Etng Standard applicable to fhe UK and Rcpubli¢ oFknEla￿l (TrRS 102) leffedive I Sanuary 2019)-. The charity isa Publi¢ BcncfitEntity asdefintd by FRS 102. The ￿￿￿tial statements are pryarcd in strylins Mthich is the functional of the charity. Monetary 3m¢xmts inthese fjnaftc521 themerts areroulldcd ￿ the nearell £. Th¢ finawial statements h&ve E¢en p￿F•re￿ wthrthe histortd cost eonverrtion. The princi￿1 aryounting p)lieies adopted aye bclow. Ib} Going ¢on¢¢rn Ai the of aptffoving thc finarKial the Tru5¢ecs hayc a c%1)￿￿1]0ry that the chaTity has adequate resoEwces to continue inopcratiorAI exithvre ￿rthe foles￿2blefj1￿lr￿ ThusthE Trn5teeS¢Ontin￿ to athypt the ¥oina concern E¢sis of ac¢outthDg in ￿parIng th¢ finattial 5tsternent& I￿o￿tiS￿O￿tsedwhenthechar[ryha$£￿tIt1Crnert Éo thefuDds,any r*rfomianceeA)ndiiionsattschcdto the i*m(sl ofitKome have been me4 it is wJl*bk that the income will be received atKI the amowrttan k mca5ured r¢]iabty. Donated profe55iowlI 5erviLT5 dollaled f8¢ilities are wised a5 ini*me when the chanty control ovtr th2 itern. any condiLions associat￿ ￿7th the donatrd ilcEll have been meL the receiw of economit beneftt from the usc by thecharityofthe item isprobableandthateconomicbenefrtcan beme8surcdreJiably. Inaccordanttwith theCIMritie SORP IFRSIO?} th¢ gcn¢raJ volunteerlime of wn¥regaiion mcmbLY5 is noi re¢ogniseJ. On ￿CeIpL doDa*d pmfessiorni setrvices and th)natal &cdities art tt(ogmised OD the basis ofthe T4aluc of thegÈft to the charity whrch ]sthtamotmtthcch8rity iyouldhave Etenwllinglv pwto obtsJ"n SeTrryc¢sorf￿l1Elies0f equivalent eCO￿T￿T¢bE￿cfitonth00wn markrtr. aconE5tx)ndIn.tr&llo￿rtTs theN Tecowscdas &RpeIEditu￿ intheyearolreceipt Interest ort funds held on der*)sÉi is included receivablegnd ihe 2mOUht Can ￿ M￿￿red reliahly Fry the¢1￿lty. this is TKsrnrnlly upon notific*iiTh of the Intere￿ paid or payabl¢ by the iMnk. InvcslmeDt Incolne is ivGlwJcdvikn rrteivablc. Gift aid rece&vable is included in iw)rne whett th￿e is a TrAlid declaration fiTJ¥Tt tht ¢hnDr. Any gift amou rccovorcd on a donation is con&dered to be wt ofthatstft 8T￿ istrtst¢d &san addiiion wthe 58me fiuMi&s the inittal 15 ABERDEEN: FOUTrITAINHALL CHURCH OF SCOTLAND NOTES AND AccouiYrf4G POLICIES (CONTINUED) FOR THE YEAR ENDED31 DECEMBER2024 A¢cOuDling￿lIcICs (cvntioued) Idl E%￿ndIt￿e ExpendÉbJre i5 ftcognised 0[￿e the￿ 15 8 Icgdl or ¢ortsrr￿tiYe oblÈglioD ￿ Eftake a IAyment to a third pty., it IS pwbable that ￿ttl￿Dent will be I￿￿11ed 2ndtheatnouDtofth¢obligation caD bejne4sU￿d ￿liablY. EXp￿dItUre can be clL%sif*d Lmdcrthe followingzctivity hdings: Costs of Taising fi]nds comprise th¢ diT¢Ct a&w&¢d with fiwthising. Expenoittrre on charitabl¢ ¥liwiiies inclL¥Jes all othu costs asWcsa￿l with the nmnin- its PUTposes8nd a55ociated support C051& Exp￿dit￿re includes VAT e8nnot ￿ rea)Ve￿Il a￿1 FS tecothjas p2rtof the L￿nd11)Ife to 7whicb il {el Fund aeeountlng rurth ore eknified ase1th￿ restsiL*d furhts or unreth¢ted funds, defined ds foll Re5trict¢d funds atr ftmdssubiectto spcafic requirements to theiruse may Ir ntinuc to Out an ongoing cxereise n&ionally ￿ rcview all Chuwh proFrty titJr$ tn order that the EMJSition Caft be clarified and all Chllrch property Ee intltjded within the relevant fman01￿ statements ata valty which is subject to discussion with the offi￿ of the SC￿lsh Clwity Re8u]ator. T r￿a￿la1 statcmLYtsdo not itteIudeallyadjvsthJeThtswhidx may n￿eS￿Y ifthe iTKluded at waluaÉi¢Jn in accordance Mith the SORP. All tsngible fjx¢d assets. excludinB property addition& costirk8 in vxctssof£l.000 havin¥a va]ue to chority gr¢ater ihan one ytar. othcrthan those *quired for srKcifi¢purp)s4 ate capTtalis¢(L tkprtti•ion is provithd on a straight- linc IAsis io Mryite off tho coi or itsiiial valué k55 [￿ldUaE i•1￿, ofwi8ibl¢ fixed a￿5 ovcr th¢if e5tim*d u5¢ful lives: F[xIu￿s. fjtiu]gs 2ndoffice qUiPmeDI Musical effjtipmenÈ Otherequipmenl 20ycar5 10 ycdrs and 20 years 3 Y%￿S Chutcb propenies have T¥X been depre¢i*d ag it is considered that th¢ useful Itfe is ￿ lotkg and resid￿ $0 8Tea( d¢pff¢i*ton 1$ nccessary. 16 ABERDF.EN: FoiiprrAINHALL CHURCH OF SCOTLAND NOTES AND ACCOUNTING POLICIES (COP￿P1uED) FOR THE YEAREP4DED31 DECEMBER2O24 l. Ar￿U￿tillg polltles (toudDued) (8) Herit8ge atsets Th¢ Church a]50 owrEsthe chuKh bull (b"n- is not y)ssible (o ascertain tht historical cost of the Church 1881 and the afftoutrt is deemcd Tnat¢ria] &rven the length oft1￿¢ since thel)uilditLg erettett Tk Church ¢kn5 r¥A thcr¢fore reco￿ll5¢ this buildingon itsbalance shcct aT￿ alw records it as a 14eritsge Assd. Tr trustees believe it meets th¢ SORP criteria ofa Ileritagc &sscl in th* it is an asset of hisioricai quality, comr1bu￿ to knowtedge and culturc it5 rctcrtion and is xccs5ible to the public for viewin& Ewdits￿¢ whicty in th¢ T￿st￿. view. is required to PTese¥ve or clcyrly prevent fiwther dd£rior2tion of tk lwillli￿g 15 trcognrsed irb SOFA ￿en Tt IS (h) C%5h alld equlYaieDts Cash aThJ cash ¢quivaJents Incl￿ ¢ash in deptisits hdd at ￿11 with banks slKJrt4enn liquid invrstsnents with origi[￿ maiyEiiies ofthtee month5 OF less, 8Trd bank overthafts. B8nk overthaftswe shown N*ithttt IxsnDwin8s in currcDt liabiliti￿. (i) Flaanttsl Anstruments Th¢ chwiiy has eltt*d to apply the provi5iolls of Section I I 'Ba5ir Fimncigl Instntyerts. and Seaion 12 '0theF FinwKiaS lTr%tnmients Issues. of FRS 502 10 all of its financial insEnunent& FiTrancial insknmieDts are recobrnised d)arityls balatKe shcei svIKn ts ckAtiiy be￿ffje5 Prty to the contrxiual provisions of thc instnEment le¥ally enforceable rjght to set offthe reitJgnis¢d am¢)unts 8ndthcre is an intentionto sddeon anet basis orto realise Ihe &%setand settlc tho liabilitysimylt8nL￿u5Iy. BA)7cfinaMcJol0￿ets Basi¢ fjrthnctaj whid) Inch￿ thb10￿ and cash and balaKe4 are initiatty measured at traDsaction wice iDcluding tr￿s1￿10n cosrs wxlare subsequendy wIied * atnorti5td aTrst U5]Ds the eff¢xttvo ijrtctest method ￿lesS thearrdDgeMettttonstitutesaf￿wCi￿gtraT￿ctso￿ wherethetmsaciion Ismc&suredattheptesenr￿1Ueofthe funwe rccciFts dis¢ounwd at a maEket rate of intrwst. Financ￿1 assets rlassified as rer¢ivabl¢ onc ￿e Aot amortised. 114gcfinllncial1ifj￿./lIleS B￿C financial liHbilitte4 Ir￿luding creditoTs and bank. loaLs 8re initia]ty recogDi*d at trati￿tion price unle55 cou5titytes a fina[￿￿￿ trgDwlioN the dcbt inslrument JS at the prcscnt NHlue of the r￿Ule receiNs diso)unted ak amarkdratr Of iftleresL FiDaKial liabilrtiesclas5ifi¢d&5 payable yearare not amotsd. Dell inslrwn¢nts are subsequendy carried at amortised cosL usin8 the effective inierest rate mcth(xl. Tr￿de￿EdItOTh obl1￿￿onSt0VaY for￿dS0[ serviccsthat haveF£enacquircd1ntheo￿Ia3ryCour5¢Of0pEr4￿oTr5 fi￿rn suppher& Amoutts jxyable are c13ssified as CUUEnt Itabililies if is due ￿7th"1￿ onc yearoy les& If ted as notrcurrent liabiliiie& Tra& ￿ElOrS are r￿08￿T&￿i itiiti2lly at price a subwuentlymea5urcd at amortised cost Usin¥ the eff￿tive irrtCfLs1 meth( lil Operxting I￿StA The¢h&ity t1￿lfieS the of prillttngequipment85 owating lea￿. the iitletotheeqwpmer*t ranaiDS with ihe Iv55)r and the quipmcrt is rrpSacciS m￿¢ r￿￿]drI￿. thall the tCOSMTrmic life of such equitrfncnL Rentsl are Cha￿ straight line tA8ts MErthe YEAR ofthe le Ikl Taxitio Aberdccn". Founthinhailchurchofscoiland isrecognÈscdas8ch•ityfotthcpwse5tsfapplicablett¥aiion Itgislaiion and is th¢refore notsubiect to t&%ation on Itsch￿l*ablesrt4V1t[c& 17 ABERDELN: FO￿ARNHALL CHURCM OF SCOTIAND (l) Retirrm¢nt beDefits ThcchaTiiy 0￿18t¢s 8 de&n¢d contrib￿J0￿ peosion srltcme. CDDtributM)n5 elwged in tho fiT￿n￿al ststemeDts as th¢y becom¢ payable in accordancc with ihe nEies of the sckne. 18 or40 1£ co ¢>0 >9gonYozzTon *J b) 14-4 00 W4 BERDEEN: FOUNTAINHALL CI7URCII OF SCOTknIF4D NOTES AF4DACCOUNTINC POLICEES (Co￿l￿V￿) FOR THE YEARENDED 31 DECEMBER2024 7. Stsff costs ¥4nd numbers I￿24 2023 Salaryes and wa8¢S social ujsts Pension costs 72,018 54059 73 The average ofemp]oytts th￿illg Iheyet follom NwRber Administrntion Mu51c Staff Premises mainten8rnY No employe¢had employee in excess of£60,OQO. All Chur¢h of S¢oUand ¢ongr¢gaJJO￿ conlribuk tv th¥ NatiDnRI &ip¢nd F￿d whLLh bcaTS thr costs uf mtnist¢rs' 5tiFnds and employer's contributsors for nalional insura￿< pcnsion and housÉng and loan ftmd. Nfinistcrs. sitWLds are paid accoFdance the natK)naJ stipend SL* w1￿ch ts re12ted to )'tars ofservtce. For the ye8r ¢m&r remew the TninK¥nutn 5t1￿￿￿￿￿5£30,l55 at¥J th¢m&iimwkl st[￿mI IDI the fTfth End ￿b￿Utnt yraT5) ￿8.884. Trnstet remwieratiott #MI rtlattd pArtv trATr#ctitsns Durin8the year ncwred exp￿$¢& wli¢h W¢￿ r¢irnburs¢d in 2Q24 10t￿11￿￿￿ £199. DwJ"nstl¥ year 14 Tru5tethffi¢e F*8￿￿srett1ved re]mb￿se￿I&￿0f ex￿$t$ IDtsIITng£5S7012023 . £48321 Expens￿ ￿l￿bUt5Cd We￿ fi>r a Ydricty of cost& christrn￿ Tree" rninor tmFrty C4)sts IT LY)sÈ*, e¢x) and w(xship costs such as ¢ommunion wine #ndoutreach costs fi)r eYeTrts. No pajffjents were rn￿e to T￿￿t¢S for ￿￿ertakell or services prthq(kd ttttd no Truslee or A pcrson to A Trtstee h*J peN>Trdl it]terestiually con1￿1 Dr Irdll5aclion cRtLYEd inlo by the ChuEch durmgtheyear. DutiTrg tk yearatothl of£7£3￿ (2023 -£74J901. ex¢ludlng Gift Al4 was th)naieO to Chur¢h tyTn￿t￿. Queen's Cross NuTSq)' Lirniw isawm￿￿Y11rnlt¥d b>. guaranlTe. The nmiorityofthedirectorsofihe Comp￿1. arealso Trustccs of Aberdcen". Fountainhall Church of ScotL￿& The company paid Premises rentto the charity of IIIOIX) {2023 - £I?.IX>Ol. They Mrreakn recw v8Th)us coggwuttting to £7.00012023- £&0(Kll No xrnountswere outyxndÈng at the veJ ell¢1 ABERDEEN: FouprfAINHALL CHURCH OF SCOTI,AND NOTES ANDACCOTJririNG POLICIES IcoYfiNUED) FOR THE YEAR ENDED JJ DECEMBER2024 9. T¥ngllAt fix￿ #ssets Buildiy Eylpment T•t*l At l 2024 Addittons Prioryearadjustsnent Dispos 1.809.610 105.688 1.915,298 (420.fy)0) {420.0001 At 31 Dcc¢mlEr 2024 889 610 JQ5&81 Depre¢latlon Ai l Janw 2024 Charge foi the year Impairtnetrt losses Disposalsl Pri4)r year a4uslmert 102.466 1.265 101466 1.265 70,0( 70,000 At JI D￿¢￿I￿r 2024 103 731 Iyet IM)okvalue At 31 D¢¢eml*r 2024 1957 &gLIL7 Al 3 1 Dttemk¢r 2023 Hersiage (included at £nÈl VaI￿)ConsI￿ ofthe ¢hw¢h buiIdin8s ktmwnhi#orically 4s <)]een's cM&sChL￿eh which 0sKnuJ in 1881. IÉ is noi possibltto idtntify hi&oric cox which 15 T¥A drtmed malerial. and the propcrty ¢•nrKJI be reliably volucd. Tr insLhTance replaeemert ¢051 ofthis building is in the region of £25.000.000. 10. Investments 2024 2023 M8Tket value 2t l January 2024 Acquiyed dwing the year Di5pos21 proceeds Re81ised gaiT￿lI055) inveslmellts unreali%￿ ￿￿￿1(￿)￿￿)￿n inyestmtrts 222,672 211.310 Mark(* valuc at 31 Dcceml*r 2024 JovesthTrenLsal cost 126 The lollowing Investm￿ 8rehd¢L. Chutch of s¢￿18Thd Investors Tnw Gro￿ rtmd Church of Scotland 1nvtsts)TSTn￿ Income Fund Allianc£ Tru51 211.605 2,599 193,304 2.576 ABERDEEN: FOUIYTAINIIALL CRURCFI OF SCOTLAND NOTF.S AND ACCOUKYING POLICIES (COWtLY. UED) FOR TIIE YEAR ENDED 31 DECEMBER2024 11. DebtsTS 2024 2023 Giftaid t&K reco¥erAble 7.870 8,415 15.689 1,478 Other debtors 51 11 Credltors: #mounts f*lllnE vAthlR ont year 2024 20LI OthcT loans Accrllals Agency ￿LIe¢ll0￿S Othcr rrcdrfoT5 57,143 64.870 1.819 3?J63 4.453 li8afi2 13. Creditors: gmowits fgjling due after MO￿ th*n one sur 2024 2023 Other loa 85J19 2024 Other loan 141662 Payablc within onc year Payable afteroney 57.143 AmouErtsillclude41 ab)ve wbi¢h [811 th￿ alle[fi￿ yeats: Thc trAlancc abDVC I￿l￿deS £nil12023 É14166?I due to Church of Scot]and Trusttt* Interest is chaYBed at 5% P2r on the qittsl of the loan ¢yrtst3nding. PaiThenl of the Éntets is made bi-WmLAlly in March and S¢pi¢m5xtlo*with 4 ￿P1145 r¢paym¢nL The l(w rewd fitll duFl￿theY£4r. 24 ABERDEEN: FouwfAIP*WALL CHURCHOFSCOTLiND NOTLS AND ACLOUNTIIYG POLlClbS (cowfiNiJED) FOR THE VEAR ENDED 31 DEcE￿lBER20I4 15. Mow¢m¢nts irt fuDd5 Thetrnn5ferof £13.90? FE¥￿ ￿T￿ra] fuTth to Restricted Mu5Èc attd Thc.ffjrts fundis io coverthe shortFall tnthcMu5ic ￿￿the Arts fimd in 2024. Thetrnsferof£47QOIXI from the designttedm￿ Res¢rve F￿d to the General fijnd is io reflectthe dtSTxJsal ofthe FornierQu£cDS CJossmanse. l Jattuary 2024 G*lnsl 31 Dtrember Income Eipendtture Capiia] enO)wn¢Df Stipend Nfanse Bcn¢volent 471.610 1,388 1.775 747 471,610 1.540 1.988 859 1.639 32 42 22 39 120 171 159 Church of Scot7andTrust 493 285 495 500 Rcstricted funds World mis5ioll & ￿tty fimd BeDevolentfund Malcokn Sts2clottfiJnd riowcr fund Worship andwider ChrÈsti8ll outr(2£h fill Rcdevdopmeot fiuMI Music and arts fund Legacitsheki in TnJ5r fuDd WoAd mission & tcthneDic41 Retired JniHi5ter5' benewolent fi]Trd Trav¢1 arn4 assistsncc fvnd DcvclopmetEt dO]￿tIONS fkmd Musit fund Communty fulld Bible 82rden fijnd Defibrilialor fund Tea fiJThd Fabric fiwd Mount Zion SCI￿1 fiJTrJ m￿S1C and iYOTship fiwd Special Projeci fl￿ Fabri¢ nserve fimd Or8an fimd Guild fimd C¢ntr¢ fimd AThde￿rt headstone fvnd P&8toral care fuDd Youth work fynil Shared Youth workcr fund Juntorehw¢h futHI Anderson Xmas fiM]d Bapti5md fund Holbum West Gvild fimd Commwiity outr¢8¢h fimd 320 185 2,100 1333 320 185 910 2.307 11.190) 13,115 3.089 4.523 105.527 4.523 105.527 1250 (16.152) I3.￿2 17,346 1.944 17.346 2.42i 1744 12265) 1.712 391 9.569 1.370 12 1,724 391 9.596 3.320 450 {5(M)) 756 756 822 400 182.789 1.680 2.441 4.450 15.449 87,490 3.974 {162) 400 182.789 2,441 2.672 15.449 78,089 4.583 102 1.566 3.755 561 1.800 (22) 1,853 8.469 12,633 7548 19.078) 11.830) 1.566 3.755 561 1.250 1075 250 1.250 2,075 250 939 JS) ￿￿9)2 470.304 25 ABERDEEN: FOUNTAINHALL CHURCH OF SCOTLAND NOIFS ACCOiJ%I TILYG POLICIES{coKfu*UED) FOR THE YEAR ENDED 31 DECEMBER2024 15. MovemeTrts In futsds (¢onllnued) l Jwuary 2024 G*itt (losvs) Tran5ftrs 31 DeCem1￿r 2024 u￿r￿¢t¢d funds General fimd (20,706} 748,250 (771.6211 11.809 456,093 423.830 Designated ￿Thd5 Con)]nunity developrnalt ftmd Resetve IA)un8e aLfOLmt Redevelopment fwjd LI￿lY minds fijnd Manse r¢s¢rvL fund BequE5t4Icwdry Youth and£duc￿l0￿ fuDd bQ*vokntfjJ￿j Guild Fund Fabric fiD)d 55) 19,138 5,570 99,097 5.781 1268,000 489.597 55.1 19.138 9.494 29.097 9,443 418.000 489.597 5,319 IlJ95) &387 (4.7251 (i80,000} (47Q(M)01 505 505 41 19 7611)56 L13 ¢X)2 1461497 TO￿ flluds 812 Prjor Ye#r l January 2023 31 December 2023 Intothe ExpÈmdilur* Oosses) TrADsfers Endowmettl fi￿d9 Lapital endownert futld 471,610 1.338 1.709 713 1,381 471.610 1.338 1,775 747 1,441 59 78 41 {9) (12) 17) (121 8enevolent Fabric urcb ofscolland TTU5t 525 RestrItt￿ thntts World mission & ￿]Ity fimd Benevolent fuod Malcolm Strd¢han fund Flower fund Worshipand widerchrisrian outftxcb fimd Rcdevelopmenf fund Music 8Trd Sjnd Leg2cies held in fimd Worldrnissivn & ¢c￿enICal Retired Minist￿5, teneK*lerbt rund l Tavel and wislaryLr I[￿d Dev¢loFxna]t doDHti¢)ll5 fimd Music fimd Community fwjd Bible gzrthn fund Defibrillator fiuMI 320 185 4,140 1252 i20 185 2,100 (2,0401 12,154) 1235 4.523 99.605 5.922 105)27 (11.072) 17.346 2,694 17.)46 1,944 (7301 1,712 391 9.596 2.467 ?89 942 1.712 9.596 ,370 (1.097) (108) {186) 756 984 26 A8ERDEEN= FouNfAlIYHALL CHiNRCH OFSLOILIND l& M•vtmtDts (eoo¢ittu¢d) fllnds 400 400 Fabric fijnd Mount 7.ion Sch(x>l Music and NYLIF5hip fiEnd s￿C[al project fi]nd F2bric reserve fvnd OrgaH fund Guild fiuKI Centsr fvnd Anderson h￿dstOne fijnd P&4tOTa] care fi￿d Youth Wrk fund Shued Youth w(Kker fillHI JuniorCh￿ch fund Andcrson Xrnas tiJThl Baplisrnal fund Holburn WostGuild fvnd C.omtnunity outreach 19i.289 3,250 2,778 1707 15.449 75,483 4,436 20.802 1,566 3.605 561 1358 1.250 1075 250 669 939 (10.500) 12250) {337) (35) 182.789 1.000 2,441 2,672 15.449 78.089 4.583 102 1.566 ($26) 121 {27,700) ?.4?2 149 150 561 (2.3581 1.250 2.075 250 16691 939 I JAnuAry 2023 31 Ikeetyber 2023 Ineom¢ Lipendlts (losses) Transfers Unrest¥ieted funds Geneial ftmd {159.184) 510.597 (366.275) 6.079 (ii.w) (20,706) De%gttated fulld5 Como)tsnity d¢veloweni fund RcseTVC fjjnd IA)wige aLTount Redevdopment fimd Lively mind% fund 553 18.854 2,TlO 29,097 2,726 500.000 18.QOO 284 5.607 118.0001 553 19,138 5.570 29,097 5,781 1268.(XJO 489,597 1.4?3 505 (I J07) 11.500) 6,582 838.000 489,597 J.423 505 150 (3.527) 170.000) Beq￿t$￿e￿￿CY thnd Youth and ed￿Cati0th fimd Minisiefs knevoleni fund Guild fund Fabric fund (130) 901 Totsl fimds 27 ABERDELIY: FOUINTAINHALL CHURCH OFSCOTLAND NOTES AND ACCOIJNTING POLICIES (coKriNvTr:D) FOR"I"HE YEAR ENDED 31 DECEMBLK2024 l& MovemeThts in {tonti*ue End0￿*￿t fwKIs Cxpltal Etsdowment fund.. This r￿J Ariscs from the purchase of (he manx and r¢pr¢s¢nts the purchase priee. Sliptttd fuDd: Inwme from thisfimd is imcndcdtohelpdefray the¢ostoftheADnual &i￿xI ￿lch isnowc(JotsiDcd i￿thin the Cjivingto (Irowallocation. Min5e fund- IrKome from this fund is inietthd io help defrdy the costof maintaining the faFffic of Èhe Manse. Benevolent fund.. Incomc from this f￿d is inteThJed to wovide funds to cnable the mÈnist¢r to make di$¢￿tiOnary fiTVa￿lal Sltpportto seriryns Jxrtiis orurwi isation. FAbrk tsnd.. Income frorn this fimd is intended to help defray the LY)5ts of mainlaiDin£the Church [￿pelty. Chureh of Storf*nd Trust: Thc incomc from this fund is lo br Lt5cd to%wds $upp)rtin8 Pfystornl ¢ar¢. Restrkted fuDdJ Worjd MI￿lOn and Ilnlty fund: Tth's fund is for ihe pul￿Se of rai&ng sp￿lfie funds for distnTruu"on to Chn"sts"on Aid and in*n*tional ou5e5. B¢nevoteTht fund.. This ￿nd 1$ io assisl coll¥￿￿￿0￿81 members wlth flnAr>cid neets. Maleolm Strgelthn fvDd.. This fi￿d is forthe pwpose ofyouth work An thc eonwtion. FI0￿r fund.. This u>niatns pro¢eets rnised Specifi￿llY for thc p￿r￿SC of providin8flowers ￿ rhe ThurclL Worshlp #nd wl(Itr CbrlstlAn outre*eh fvnd.. This is for the purpose of wDrship in¢ludinB outr￿h. the refiwbishment of the organ and the cost of multimedia equipnenL RedevelopD*ot fond.. Thrs fimd teprtsents sTKorne receEved for the specific purp￿ ctrf rEd#￿0p}U8 CbJ￿h.5 Ils. lo￿lher 74ryth the a5sociatcd cxpendiluit. The MU￿£ *rt% fvnd.. 'I'his fund i5 for the purpJs¢$ ofpromoting music ans includhng organist's fes athd Ihoir scliotars. Logxcits held in tryst thnd: Ths furAI represents k8acK￿ h¢ld for irKome gEnerntion purposes. World rn1￿10n *Dd e¢Umen1e￿ rcl8tion5 fiond= T]us filnd is forthc promotion of Church n11￿1￿rL Rertrtd mlDlsltrs' benevolent fund.. Thrs fimd is fortht benefitoFfftired ministe Tr*vel asslstanee thnd.. This fund 15 to &ssrst wrth travel costs ￿lated to Thureb evthts and work Dtvelopmtrtt donatK¢nS fund.. This fvnd fryvesthis eonwtional donations lo enhance th? fa¢ilitie$of the Cbw¢h. MusSr fund.. Tlii5 fund rep￿5¢￿$ funtL% and ' d¢fibril]th>r. Teg fuDd: I'his fitttd is to SUP￿rtte8and coffee wherin8S. F*brl¢ fwnd.. Tbls fvnd tiri￿ from the ￿1¢ of wopcny and is used for f#bTiC expenditur4 in¢l¥dinbD r¢pir¥ 4ThL mainlenance. Mount Zion Sclujol fund: This is a fuTrd ￿ provi(k forteaching 5alariES in a *lM)ol in J8m4icA I￿51¢ and worshlp fund: lThis furKI is to wist and ¢nh8nc¢ worship. SpeeiAI projtet fund: Thig firnd provides funds forspeciaj outrcach pTrixts wimffj" oversea& Fabrlc Te5efft fllrtd: This fund represents monies d¢m#ted by mernbu5 of the ¢(AJgr¢gatiOD ￿ eDlwKe the Chutrh fabric reseTves for any lar8C-sc4Je rerAir issues tk¢ futvrt. OryR fun￿. This tlujd repre5eMS monles dorÉ(ed forc0st8B￿Cla1￿a With the Chwch organ. Cuild fund.. This fund bs used io the norrn81 actimtics of thc Guild including education 8nd outrra¢h. Centre hDd: Thi5 15 ID enable Iherhu￿h C.etrttclo supprirt con8r¢gatJonal aCtsV￿ and and seplices io thc Ic¢al communty. Andersott HeAdston¢ tsTrd: This fijnd is to rAy formaintenan¢e of helld5tone. Pastorxi c*re futtd: This rw￿ is to support the minister in ryovidiug 0&si5taDce Nrythin the pgrtsh. yO￿h work fund.. This fiEnd is i() SUPPDrt the nccds ofthc youth within the Churth. Shgred youth worker fund: This fitnd w&sto support the wovi5ion of ayouth worker in the community. Junlor chunh fund: This fuThJ represents n￿nieS left for the benefit oftheyoungcr worshipers. AMder50ll Xmzs fund: This is to be for Sunday School ￿ttle5 * Cbrith BaWism3l fund: This fimd is to t¢ used in support of bapb"srnS. Holburn West Gulld: This fimd was to support the Guild in s¢r¥?ng th¢ Thur¢JN ¢ornmunities arml thc worl Cottwiwiity outreath fund: Th¢ purpos¢ ofthis fund is lo infom) aThl encour¥ge the local community. 28 ABERDEEN: FouNfAINHALL CHURCH OF SCOTLAND NOTES AND 4ccouKfTr4G POLICIES (COIYI"IP411EDJ FOR THE YEAR END£D31 DECEMBER 2024 l& Movememts kn fyods (¢0nllnu￿> DeSign￿ted funds COmTh￿nIty Development f￿nd. The Trnstees have &sigwt¢d this fynd w allow the use ofthc p￿MI￿5 by lo￿1 group Reserve funiL. 'fh¢ Truste￿ have sd asi(k fiuKls for wforeseen short4erni TequiTEmeTEts. Lounge Aecountr. The TrustCC5 have desI￿d thts furKI fDT providing lunches co(feelte4 et¢. to the IL￿&1 communily. ￿ SUTpluses being donated kn variou5 Lharities. Redtvtlopmtnt fvnd.. Thc TnJMtts have sei aside fllttdg lor re&velopmeTrt of Churcl)'s h8llg. l.fvety mind5 ￿￿￿.. Tk Trusttts have d¢sibrnatcd this fimd to S￿p￿￿rt foffni8h¢ly presentations iry s[￿k￿& 14IAnse R￿erv* furyl Iformerty PrO￿Y Reserve fund): This fimd Ywesents the I¥)Tr￿n1llge pro￿rtIeS held ￿ the Chur¢h-lTru4*es. Beq￿estsnelAry fwid: These fijnds are set85ide by theTN&eesto be in5trwtsl by them. Youth edu¢*tioD fund: Th¢Tru￿¢¢$ have se( sside fund¥ io ¥UPPVrt mcmbc￿0fthc cOn￿gatiOn ande5pe£iatly theyouth ofih¢ Ch￿￿h in ￿[sOnal development and outreach PTojecls. Mlnlsters benevolent fI￿d. The Tr￿tt$ ￿￿e$￿#s1¢k to cnablc tk ministersro mAked1$c￿lOnAry fjrnncial sup]x)rt Lo d￿TyIng Fortie5 or¢)rgani￿￿(lll5. Gultd fu￿1. This ffij[￿ is used io run th¢ no￿al aaivities of the Guil(L Fabrlc fund: The trus(tt5 havc 5L* aside fimds f(*the main*rhAnC¢ Churth property. 16. FIA¢eptioD￿ Item Prior lo the Union ofrk 4 chuye￿ tsk'jts¢v place tnjunc ?fia? . the f0m￿Rub1St&W Chureh tLCOrts incluikd a5 a Ixcd assel ihe Manse ofih2 Chur¢h ata Ydlue of £420,000. In th¢Decemkr2023 ￿CoUnt$ followryngthc Union, the vaEuc wL8 impai￿d by thc of£40,000 w r¢fled the red￿tion in value. T1￿ pro￿rIY Wd¥ subs¢qw'Trtly sold for £380.000 less ¢osL& It w￿then identified by th¢ Gcncrnl Tnthsthat the wperty shuuld nothJve bEcn shown in the &RsetsofRubislaw c.hwch and th4tth¢ pnc¢¢ds wert io be Sent to the Gcntrai Tnkstees whert il w¢Juld applicd to the CorL4)Iid￿ed Fabric Fund. As a r¢5ult. the 2024 accounts have in¢ludcd an Ex¢eplioTral ilem to cr)rrect this Situation by lh¢ funds th¢ surn of £380,000 beiL¥ Ihe ttct of th¢ OriBin81 value0r￿2o,ooo kss th¢ IM￿lmi¢ll1 introd￿￿ in D￿t￿ter 2023. 17. vol￿nIterS In common wilh dtl conkjregations of thc chU￿h vf scotland the congregation bcnefils from th¢ contribution m&le by voluntttrs who ￿ve thtir tim¢ and talents willin8ly forthc kn¢fii of dic ChLErch. The areas ofcongr¢wional life which rely on the tontributson of volunteers are many and vaTied and much of the aeknvity w0￿d t¢ urbable lo contsnue were it Iwt fortht cornmithi¢nt IL AD*Jysb ofDe* •Mets funds Unreslrlettd funth Do¥1￿*t¢d funds Reolrkned EndowmcTht fuBds funth Total Net xssets 8t31 December 2024 Fixed asscts Investtnents CurreDt 8SscLs1(liabilitiCs) Liabilities due in than onc year 1,957 93221 328fj25 418,OiXI 471.610 2.1,890 891.567 244.109 1291.625 126.998 343J06 619.667 470 Net B55ets 3t31 fitttmber 2023 Fixed &sse15 Inveslments Current ￿tt￿{l1#bilItir$) Liabilitsesduc in morclhan onEyear 3,014 1.268,QOO 19.473 592,608 ?08 98,659 433.841 85 19 471,610 21.675 1.7418J2 222.Ci72 919.864 {I06,585) 29 ABERDEEN: FO￿A1￿HALL CHURCH OFSCOTLAND NOTFS AND ACCOUNTINCY POI,ICILS (CONTINUED) FOR THE YEAR ENDED 31 DECEhlBER2024 19. Contr(tllinE pxrty The ¢h*ity 15 ulldcr￿￿ Lxjntrol oftheTrwtrt4 a5 d¢kild py 7. 20. Gov¢rwneDt Gr4Dts Duringtlx ye￿. the ch￿ILY t￿n¢fi￿d from rre¢iptof Li#¢d Plac¢ of Wvrship VAT in thc sum of £30,489 During the yetr. tl* Chrity ben2fitrd f￿rn Non41￿IdentIal Busine55 rnles relief of £56.025 due to Place of Worship exanptio 31. Reconciliation of net movement tD Vt cuh flow from optr*titsgaetivitieJ 2024 2023 Nel moveuKni in fund5 Add imck dcpreciation clHrge Add b&k loss on diw5al of flxcd as Dedua inthst incom¢ and dividend tkdua ga[n￿add losses on invthnts Deduc¢ (Jlhcr ￿1n￿add bock oihu losses D¢¢￿1$￿(4￿rCa$¢) in d¥tlors lThcrea¥cllde£TeW) in creditor5 (3r2J481 2294.008 1,26J 73.315 1.461 (54,7J91 (9.265) (21.4371 (I l.362) 380,000 (35,229) Il3.2J4) Net eAsh in operxting4rti%rytie3 2 398,027 22. Colk¢lloM for thlrd p8rd¢8 Durlng the yethr thr followi￿ co1lettioNswt￿ m* fiythird 21124 2023 Chris(i4n Aid Er$kI￿ Ho5Fi Homc for Good Aberd¢cn ChmEer Orehestra AIMS W*erAid Cash frjr Kids cairns Counqelling Charlic Huu5C l#stant Neigh￿￿ Living Well Medc¢Jrts S#n Fmnticrcs Pior¢ers cl￿oRale Heaven Friends of Anchor FArl Hai8 Fund Ukrnine 3,650 482 8,821 1.000 320 550 792 792 555 2.003 1.616 645 910 250 482 30 ABERDEEN.. FoiwfAINHALL CHURCH OF SCOTLAND APPENDIX TO TIIE FANANCIAL STATEMZNrs FOR YEARENDED31 DECEMBER2024 FUNDS HELD ON BEHALFOF THE CONGREGATiof4 BY THE CHURcif OF SCOTLAND GENERAL TRUWEES 21ll4 C*pi¢al Credit bfilanet at 31 fke¢ml*r 2023 at co 178.259 TTaDsf¢r of unioo tdanc¢ Credit balancc * 31 Doeember2024 It eo$t MBrket value of balances at 31 De¢uni*r 2024 193.112 18l513 Revtrtue xctount Credit balaftct #t 31 tkcemlxr2023 4931 Trnnsferof unloTh 2.711 Investrnent income 6.627 2.548 Propeny coxg Interest reeeivtA I (F•id) 111,3531 1,820 {4) Adminislrntion costs CJedi( bdartee ￿ 31 fknb¢r2024 'rempornry funds tkbit Dt 31 DecemEtt 2023 (3SO) Intertst wid (J) Property S￿¢$ Property c(￿LS 168 130 C.redTt bala￿¢ at 31 tk¢¢mE¢r2024 350 31