2024-12-31-accounts

Inverness St.Columba . 372147 Sci)tti$h C"hariti' Ni). SC.(K)8109

Reference 2nd Adminx$ttative Infonnation Charity N2me . Inverness: St Culumba Chutch of Scot]and Chariiy Registr2tti)n Number., SC008109 Co[L¥e￿ll1)n Reference No: -372147 Ci)ntact Addrc5S'. Trustees Kirk Session Principal Office-beaters Minister.. Se*8icin Clerk: Tr¢asur¢r: Independent Examiner Bankers Virgin Mi)ney, 15 Academ5T Stree¢ Invemess IVI IJN

TRUSTEES? ANNUAL REPORT Year ertded 31" December 2024 Structute, Govemance and Management Governing Document The Churdi is administered in accordance with the nns ()f tht Unitary Decd of Cvnsutuui)n. Recruitment and Appointment of Trnstees On 9 Nuvember 2021, the church at¢aiThcd full parish sratus, and app()inted 2 Kitk Sessivn of elders ￿$ the ch2riry trustC¢8. On this dgte, the Ncw Charge C.i)mmi8$1()n dissolired, and the Kirk Session bec2nie the managing I)vL￿cers. On 9 N()￿ernber 2021, three a5se5SVt dders (elder5 frcirn other Congre￿rI()n5 of the c.hurch of Sc()t]2nd in the Prcsbsrt£ry of Imremcs5) fotmcd the Kirk k48ion, 2nd ()n 8 D¢￿mber 2021, thrce elders fr(Im within the congregauon wcre ordgined and Admitted to the Kirk Scssion. During 2022, the three assessor elders ccascd to serve on th¢ Kirk Session. On 27 NoN"ember 2021 tw() furtlier elders wete admitted to th¢ kirk Session, one bcfjng ordained at the time. On 16 Aptil 2024. the CO)n￿¢￿￿￿on w2s united uryth Dores & Boleskine Church of Scodand, re5ulun¥ in ()ne Kirk Session combining dic elders of both congr¢gatii)rts. nn 15 tlpril 2024, all but one of tlic clder lif DDres & Boleskine resi￿ed as Membe￿ OF the Kirk sessio￿ %0 that nne elder from thii t congregauon j()incd with the i)ne unitcd Ini.-emess St C()lumba Kirk Session on IC) Apr&1 2024. Rffi,. Scott McRc)berts 1.8 thc minister ti) the charge c)f Rnverness St Columba. The fote-mentioned Tn)stccs are 2ppointed to contributc to thc management and ovcrsight of the financial affairs of the church. or￿n1S4110nal Structure The congr¢￿tiOn has been meeting sincc 11 ' April 2010. at fjrst in Ho]m Primat5, SchooL Inverness and since Jul), 2013 in Drurt)mona Schi)ol, Invernc55. Up until Ea8ter 2023, the cTrngregation continuLd to mect Eortni¥btlJ." in house churchcs and fortnightli a]1 t(¥ether f()t wutship in DrummuTEd School. I￿h1ch is rented fi)r the purpose. Fr()rn Easter 2023, a pattern itrf meeting every week at Drurnmi)nd School for w()rship, in a varietlT of fomi2ts throug?h the month. wgs fistablished. Due t() the aforwnerttioned union <)f the Congr¢￿tiOnS of Inverness St Columba Church of Scodand with Dures and Billeskine Church lif Scudand, the Sixe uf the parish now ()perating under the name of Inverness St C.Iilwnb lias increased vxstiy. The congregati()n 2t Bc)leskine continue to worship ￿Teek1}. on Sunday momings in the churth building retainLd for that purpos¢ They uperite as 2 Lrxal Mission Churcli, with a Ii)cal tLadership Tekm, responsibje to and suppurted by the Kirk Scssir)n uf ILivem¢ss St Columba. Neyu2uonq continue tc) take place fi)r the butlding of a place of w()r8hip in the Ness-side irek of Invemess fi)r the Invemess congr¥dtion to worship 9od to rcsource the local communit}. Thc Kirk Session met seven times during 2024 for busines5. They dso mct once in FebnTAry for a time of extcnded pr2Fcr r()gether, and once in June co underttke elder5hip training. The September Kirk Session mcct1￿ I￿25 held joind51 with the Bi)Lcskin¢ Local t£adership Te2m. A Stated Annual Llleeting fcit rhe cvn¥reg2ti0n was held on 9 June 2024, where church member4 and adhercnt5 were able to hear and con]meot on the Kirk Session's vision and directioo and vn the financial inf()nnauon pre8ented in the 2nnu21 accounts.

fanxgL'm¢nt ()f th¢ affairs i)f th¢ ci)nwgati()n is und¢rtak¢n b). the Kirk Sessi(>n, wh() h#i'L ()i'Lrall r¢spt)n5ibility f()t thc spiritual and pasic>ral affairs r)f thc church, 8 Tffj"ell 28 the financial and W)￿ern2n¢c re5poThsibiiittes. hIatters of budgeting and d2}. ti) da}" f2nanciai management are dci'¢)]ved a f￿ance tearn. Thc Locgj Miss1(In Church Leadership Te2m has dLTh'i)h.ed authibriii" to mana%e dai" ¢() dai" affairs Inr ¢hc B()leskiThe C1)y￿ti(>￿ 21th()ugh all contracts 2nd le¥al ()I'ersight are undertaken bi. the kirk SesStI)n. Objective8 and A¢tivitie8 The ("hurch of Sc<)tland is Trinit2rian in di)ctrine. refomied in traditit)n and Prcsbittcrian in p()lit!'. It LXiSL8 til %l()rifi. G<)d and ti) w()rk fi>r the adi?ncLment ()f (-hrist's Kin%dc)m thr()u%hrld. Ji8 a nalliTrnal ("hurch. it aCkn(b￿ledge$ a distinctive call and dury, t(> brin% thc ()rdinanccs c)f rclixii)n ti) thc pci)plL in ci'cn, parish Scodand thtt)uxh * trttiturial ministry,. It CO4)PLrates with (IthL'r C.hurchLs in vari()us LyurnL￿1Cal IxKlie8 in Sc(Itland and bg'()nd. Invcrne55 St C.()lumba has a wi)rship ￿thering eNcri' Sundai. mi)rning in a varict)- (Jf diffcrcnt f()mis. Mi>st Sunda}% int.ulve gathcring fc)r sung w()rship, prajrr. hvaring the Bible rcad t()%eihcr, and a s¢rm()n 6cing tau%ht fi)r adulis whilst tw() different children's gr()ups and a crechc arc f()r undcr 18%. On ()ne Sunda} a milnth in the wintcr mfmths, all agFL's gather t()Kcther sharc fi)()d. bible stud). ￿1)r5￿1P and pr%icr in breakfast seThrlCCS" whi]st in summcr m()nihs thc c1)ngre￿Ul)n meets briefl). in all half hi)ur ser%"ice bef()re xi)ing out Énti) thc c()mmunity ti) do s()m¢ihing i)f blessing #nd help f()r the c(>mmunit)". B()leskine c.hurch w()rships ever). Sunda). m()rning at Drumtanpk f.hurch, B[)Ic￿kInC. wirh hlrynns. pra>per. bible readings, sern]i)ns and sharing of encouragements. Ail of these gatherin￿ gre designed for people t(> wather ari)und pr4)'¢r, lh¢ BÉbk. ￿Ing in church cc)mmunit)", and h2rin% 8imple f(xxl {whether breakfast. or tea and coffcc), a5 tn3rks nf what the C-hurch exists io do in adv2fkcing I"hri5t's Kingdum in the wi)rld and in ioiitinx othcr people to join in with thai. Achievements 2nd Perforniance Ini'crnc8s St C.i)lurnba scrYc5 thc 8piritual and pa8t()tsl neLxls ()f its a)ngre￿tt(￿n and parish and plai'4 tts full part in the wider Church thri)u¥h thL CC)mmttmL'nt (Trf mLmlx'rs ti) thc wi)rk i)f thL Pre5bitten- and CyLllLr#l Asgcrnbli. i)f the c.hurch i)f Sci)tland. It 18 ccumenic2ll)' inir¢>lved wRth IL$ neigLib()uring ('hurches. which includL oih¢r d¢ni)miaauon5, and rakLs part in sh2rLd ¢vents. In th¢ ¢arli- part i)E the i"ear. aChI￿ng the kkTal uni(Trn ()f thc c()n%rc£ati()n8 ()f Invernes% St (.c)lumba and D()rc8 and B()Icskinc was a latxe f(Jcu8. Est2bh'shing a ne￿. bU￿d￿¥ team to take f()rwgrd thc w()rk ()f that PT()j¢Ct W2S 21si) a¢hi¢val. and that team has Secured 2 rencwa] (jf p]anning p¢rmissA()n in principlc f<)r a buildin% ()n thc sicc nwncd b} the c1)n￿e%#t1()￿ as well as a c()mmunit1' 74nd church ¢onsult2u()n ()n the buldin¥. and initial plans for what the buildinx wfftll rcquire. A Scripturc Uni(m ¥r()up ha8 bccn rcsourccd in H(>lm Prim2r)' S¢hiK)I b). i)ne church member, gnd an(>th¢r c)nc ci)ntinued in NTess Casde Priman" b). thc ministr). team. The ministry" team has bccn cxp2ndcd t() include 2n Assist2nt Nfinister (haNin% corn￿etcd thur time 28 2 Pn)bau()n2r)' Minister during the i'car) and thL empl()i'ment bi. the PresbiiLm", and depli)irnent tu f)ur ci)ngreg2ti<)n. i)f a Dc?c()n tc) Lnablc (iur communiti. mi8siim. Pralyer meetin1￿ hai'c E£cft run bi. church mcrnbcrg f()nnightl} in their hi)me. W(Irk has bccn un(krnr25' tt) cstabli$h sm211 midweLk h()use xri)ups fi)r fell()￿ShIP 2nd growth in Christian lifc$t)"Ic ¢arl)- in 2025. The minister (?f the char%c has devcli)ped chaplaiThc}' w(Irk with Invemcss Ri)iYl Ilcadcm!", Nc$x c.asde Prima4" and Hi)Im PrAm24' sch(M?Is. He sits i)n thc Faith Acti()n Pr()krygmmL. Leadcrship T(xm ()f the C-hurch i)f Sahtknd tib participatc in a n2ti()nal Th)Ic in thL Church <)f Sci)tland. Jr)int ￿[)rshiP 8en4ce8 have

been held with Hllton Church of Sc()tland at Easter 2nd Christmas, 2nd a weekly yourli group on Sunday evenin8TS CC)ntlQU¢5 as a Foint enterpii5e bettveen the churches. Financial Review nut i)f 2 tot1 unrestricted income of £122740 the princip21 $outces were £,49205 from Dur (-()ns01id2ted Fabric Fund held b}, the General Trustees { daimed agaÉnst hist()tic f#bricJTnaintenance costs ), £19016 from tbe Union 0£ Ini."erness St ColumbR and Dore% & Boleskine Churthcs, £29050 from Gift Aid don2ti()n8, £7058 from Gift Aid tax recovcred, £21536 fr()m other offcLings arld £.5407 uf Investtn¢nt Incomc. .4n unrestticted Icgacv of £376C) also received. In 'Addiuon. 2 total uf £21564 L)f rL5trittcd funds w¢r¢ rcccived (If which £l(XM)O WAS for the Sredb for Gri)wth prc)gramme, £48no from the Benef2Ct Trust 2ncl 2 t(Ital of £5966 bank & depoqit lftte￿t. Reserves Policy It ig thc Trusie¢s' pvlics tci hold general re.serYes c)f six m()nths generat fund expenditurc At the }7ear end thc Church hcld reseThTC funds in bank r(ccnuntS 2nd on deposit amoDntin¥ tt) £103178 which is sufficient fi>r th%c purp()8L. The Tm.%tee4 2fE 9W2re ol the prc)p(Jsed plans for the buildtiig of A new church and comtnimity centre and at year end a restTiCted BtsiLth"ng FL￿d of £112049 wa8 retsined for that purpose. The (-hurch also held restricted funds of £ 65917 for the Fabttc Fund, £1481M) for the pn)vision of an early Jear'5 worker in thc 101¢ ol Church and the Cvmmunity, £298 of Designated Funds for thc Benevulcnt Fund and a r¢5tric¢ed Flowcr Fund of £415 which has been ptilvidcd for the PWPUbes specified in Note I Statement of Trustees, Responsibilities Thc ddcrs of the Inv￿ne$S St Columba Church of Scotl2rnd Kirk Session must prepar¢ financial st#te2ncnts which gwL %uffiaent dctail to cn2ble an appreciati()n of the transactions Of the c.hurch duting the financi￿ The ttldets ()f thL Jnvcm¢4s St Columb2 Church ()6Sc(>tland Kirk Ses8i()n arc sp()nsible f(?r kecping proper acc()unllng records which. ()n r4ues( mu8t retlett the financiol positi(Jn of the (-hurch 8t that time. This must be done ti> ensure th2t the fitJ2nciat .8t2tcmtnts comply with the C.hariucs ?od Truitee Iniye%tment (Sc(>dand) Act 2005, the Charities Acci)unts (Scot]2ndl Regultii)ns 2006 2nd tlie Rwlations Aneut c0nwgati0n￿ Finance approved b! the Gener￿ Ass¢tL)bly of the Church of Sccid£2nd in 2007. ThwT are alsi) re8p(Insiblc for S2¢ E4warding the 295cts of rhc Church and must t2kc reasc)nable steps Eor tlie preireiiti()n and/or detection uf fraud 2nd ()ther ittegutariti¢5. 2te 2J AsrtFt¢f & zr

DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INVERNESS: sr COLUMBA CHURCH OF SCOTIthIqD NEW CHARGE I rctxin ()n the acc()unt$ i)f thc chariu, f()r the lear ended 31" Dccernbcr 2024 which are set ciut nn p3gcs 7 12. Respeuive respon￿bilItIeS of ttu8teeB attd exgmitiet The charit) 8 tru8t¢C8 #t¢ t¢$pi)n%iblc fc)r thc prcparaur)n c)f thc acc(iunts in acci)rdance wlth thL tcrn)s {)* thL, C'haritiL'$ ondTrustCL InN'LStmLnt (Sc()dand} Ilct 2Wi thL ('hariuLS dlcc<)unts ISc()tlana) RL￿12￿(￿n¥ 2QO6. Thc charit). trustees c(IrL4ider that Lhc audit requirement ()f Rc5y]2tit)n 10(1) (a) til (d) ()f the Acci>unts Rcxulauons does not appls.. It is mi. r¢sp)nsibth"ti- ts) ¢x3minc thc acc()unts 2$ t¥9uired undu %cctiiin 44(1) (c) i)f the Act and ti) State y.hether panicular matters hat'e come ti? m), attenuijn. BasA6 of ftndwdent examitiees Statemeni li- cxaminatii)n is carried ()ut in acci)rdancc with Rcgulati()n 11 ()f thc Charitics ilcci)unts (&()tland) ReKul2tion$ 21x16. An examinati(bn Incl￿¢5 * review ijf the acc()untit¥ records Lept bs. the chariti. and 2 ci)mpiri%()n c)f thc acci)unts prcscntcd uryth th()K rcci)rd8. It als() includc% cc)n%idtt2ti()n i)f an5- unusual item8 1)Y discli>sures in acccjunts, and ¢eek% expl2n2uc>ns fr<)m the trustees concL'rnin% 2n!. such niatters. ThL pr(thlutes U￿dertaken di> ni)t pmvide 911 the •"idenc¢ that ￿ould bc r4uired fft an audi¢ 9Jid cc?nscqucntl}' I do ftot exprc55 an audit c)pini()n i)n thc Vic￿. giycn b)- thc account5. Ind¢pend¢n¢ Ex¥uninee• statement In thL' c(bur5L (>f m), L'xaminarii)n, n() matlLr hA8 ci)rne Tl> m). aircnu()n which gti'cs mc rLusunablc cause to FK.licN'e that ￿ an)" lljatctial r¢5pect thc rcgJircrn¢nt%: T() kccp 2ccI)unting rec(Ir&s in acc(Trrdance with Serti"i)n 44(1) la) of the JTrO? Ilct and Re%ulatt()n 4 of ihc 21I0C) tslccuunL8 Rvgulati()ns. and T() prcpare acci)unts which acci)rd with the accounting rec()rds and ci)mpl)" ￿11￿ Rexulatii>n 9 ()f the 200() Jlcc(>unis R¥xu19uI)ns haic n()t mei, ()r 2 tu whith. in mi. opini()n. attention shi)uld be drawn in urdet tu cnablc a pniper uftdctstandts ()f tliL ?.ccI)unis li) l)c rLachLIl.

Invornoss St Columba Chur¢h of Scotland statemènt of Balanco5 At 318t D•c•M￿r 2024 Unrt5trithd Rpslrlcted Fund Total 2023 2D24 Bank and L)•po8lt Balanc88 Brwbt ForwatLI 178274 175843 167532 Movement In Year 16￿7 87555 8311 Carried FoNwrd 70217 193181 3394 175843 Inv85tsnerts ai MafknlValuÈ 125(r29 1￿2? 120692 Tolal olAbove 195246 193181 388427 296535 L8S5 Investment P￿fIt 38337 3833Y ChJsirvJ Fund 8aLrync85 19 oth•r As$4ts Llablllt The accounts w￿e approved by the ￿rk gessx)n on the 025 InveTne55 St Colurrt)a Church d Scoland N8wCh•rye Charity Ra9thtK)n Number SC0081( Page 7

Inv•m•ss St Columba Church of sooand R•￿Ipts and Payffl•ntB k¢ount Y•ar gDrt•d 31t D•e•mbw 2024 Unrn•trkt•d R•firtod Fund• Fund• Total 2024 Total 2023 R•ulpts Dcfftations 48824 3766 635 5107 49￿5 19018 49622 37f 6602 $407 49205 19016 45418 Bank & Da(￿rt lTrt¢rest Investrn8nt Divid8r DrtrdI7￿ from Con. Fabn"c Fu TRANSFER OF UP4ON BfvLANCE 5967 1117 4555 126853 676S 133618 510 Grgrt8 14WO 148 Total R•¢•W 126853 21S63 148418 51090 56XS 1863 42779 G)veman￿ Cosls Totsl Pymnts 56x15 ¢0863 42n9 Ex¢••• l D•fi¢lt I lorY•ar 70848 16907 87555 •311 Mo¥•m•nt In Ymr 16907 555 Invemoss St Colurtja Chwth of S(tJlrnJ Naw Ch8NJè ty Rg9i8trab"on N¢Jmbw SC008109 PJ8 8

Inverness Sl Columba Church of Scotland Not88 to Accounts Nptè 1 Trust••s rnmun•rntion •nd related PartyTrnTr¥aetlon# Ther8 w85 no remuneratic￿ for Trustees orf8lated part185 Note 2 Mowm8nt In Funds blf R￿elpts Payments 31112r2024 Unrnstri¢tsd Funds Ggnerdl Fund Dores & BoISkir￿ Fabric Fund 8enevolent FundlSp8raa collect￿n3 85186 122741 4Q96 16 26653 55352 152575 4036 1075 261 793 Restrlcted Fund8 Fabric Fur)Y Building Fund Benefa¢tTrust S8ed$ for GroYAh Flower Fund 63974 111885 1943 4822 65917 112049 48(XJ IOOGf) 415 193181 4658 100 415 17627 21565 4658 Total Fund8 262535 14841 60863 3YIO Purpos•s of D•¥Trpn•ted Funds Benevolent F￿4￿ Dor&8 & Bolesklne F8bri¢ FuThJ SpgL?al Colleclioll9 This lund ts usad fof purposes wtthkn Pari%h by the Mlnister For maintenance ol Dores & Boleskine Church To provide specrflc grfts and don8llor Purpose5 of Ro•trl¢tsd Funds F8bri¢ Fvnd Floww Ft¢nd T15 fund is used for Maint8nance of Church propertes The Trusteès have set aside funds to provhye flowers tor disploy durirvJ servi Funds provided forfunrffjty an early ye815 worker in Ihg rde ofchurch and Con￿￿nIty This furKI will b8 used lo bumd a rw thutch 88nefact Trustl Se8ds for Growth Buikling Fund Not• 3 MIttFSt•r'8 Stlpend All Church of Scotland r￿gregat￿)n8 contrJuto to the Natson&l Sllpend which b88t8 the wst of all ministe￿, stipends and empby&rfs contributions foTNatsonal knsuraTKe, pen5ion5 and Housing and Loan Fund. Ministers, stipends are paid ￿ accordance with the N8b'onal Stipend sca￿ whA is related to years of SO￿let. For tha ypsr uThYer rgvtew thg Minimum Stipend was £31842 with the Ma￿m￿m Stipend in the 5th and sul)5equent ye8r8of 88rYice al £38884 Inv8mess Sl Cdumb8 Churth of Scolland Charye Charity Reg￿￿tI)n NLmber SC 008109 Pa38 9

Invemess St Columba Church (rf Scotland Notes to Act￿nts N<• 4 Analy•l• of Don•tlon• TL Fyndts F￿d 2024 2024 Glft Aid f)n•tior Tax Rw)v¢red Open Platè Other Offwlngs Donal￿n$ Fabrfc fund Fkywer Fund Other Income 510 28375 7058 5244 5524 5244 5524 5244 5524 832 1935 13 1948 Nol• S A￿1￿ of Paym•rt• Charltsbl• ActMtb• Giving ￿ Gr￿¥ Pr8sbyW Dues inl•rfs Exwn885 Pulpit Suppty StsffiThJ Cost8 Rent Insuranc Heating & Lights'rvJ Other Build￿9 Costs y￿th W8•keThJ A￿m•thY 2024 M88tsng EynseslFtoJ & Dr￿k 8ibles, Subscripti)n8, Olher Bc4)ks Professional Fees Training 20432 20432 19YXI 380 144 935 41X) 3249 3249 3249 9121 9121 1654 9121 1654 6210 787 $576 2545 2789 1439 1349 100 676 1318 5636 2545 2789 1439 1349 1￿) 676 1318 1536 13 5636 2545 2789 1439 1349 4019 2042 1113 763 144 1706 1522 752 242 676 1318 6194 13 Church Offic8 Exps. New Church Co3ts Grfts and Donalions Benevdent Fund 13 N)t• 6 Coll•clon tor Thlrd ParN• No (41&knns m84J8 on b8h8K ofThtrd Parti•$ IrNwn•s8 St Columbo Church of ScollaThl N•w Ch8ry0 Charty ftyJ15trarb)n Numbw S¢c￿e109 Pa98 10

Inverness St Columba Church of Scotland tes to Ac¢w) NDt• 7 Inv•stm•n Mrkat V•lu• 3VZ4 MArf¢41 VAIu• 2023 C ols Gifrtlth Furnt C ¢fS Irwe FuTrJ eb14 unlls 7547 unl 41S59 83470 1250 37977 8271S 120892 16974 69718 8fj69Z Not•• A4ly4ts ol N4tAs•t b•th•• Fundl C&Bh Currgnt Oth A¢count J£counls Cl￿0￿d•1• Inv4s1ws In¥estrnAnts Tdal •POBtt Dèp051t General F￿￿ O¢res & Boioskirw Fuod Fwd 47546 49397 t￿575 Fab￿C 32610 65917 SeeLts I￿¢[￿￿1h Bvllding Fbv 10f 7n7 loot 112049 415 10d3t2 415 66 47546 Not•9 Res￿6￿d Fund 0•t￿￿ Fabrf# B￿ld1 8•rt•14¢1 8wds f Tru$1 Orowih Tot*1 2023 Ihromè Lègacy Benef￿1 Tru51 Seed5 fr￿ Gro% DOnat￿r Bank & 0•￿t￿l&￿ 4800 10000 1(K)C 510 4312 4822 1655 1943 5967 21565 100LXJ 1475 Exp•ndnwe 4656 Exc•s¥ In¢dm• 4800 fOOTr) 16 147S 8•14•¢•At111124 63974 11160S 415 170274 17A799 8•&rKe •t 3111zr44 t591T 112049 415 lQOQO 195181 2r4 ¥Brr￿S si eD1umbg ehuich ofscotlaid Trlew ChBvJ8 CharityRogi8trJlliwl Nwrtjersr￿Q81rij Page11

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APPENDIX FUNDS HELD BYTHE CHURCH OF SCOTLAND GENERAL TRU8TEE8 FOR THE BENEFIT OF THE CONGREGATION 422327 Invèrn¢s8 St Columba C of S Consolidated Fabrie Fund 2024 CAPITAL ACCOUNT Credit balances he)d at 33 December at cost 1 047.134.28 Market value of balances at 31 December 1 166 344.81 REVENUE ACCOUNT Crodit balance at 31 December TEMPORARY ACCOUNT Debit balance at 31 OecembeT 25.80 IndiviTdualFund Purpose: 2024 EXPENDA8LE Credit balanees held at 31 Decemb¢r 81 cost Market value of balances at 31 December PERMANENT ENDOWMENT Credit ba18nce$ held at 31 December at cost IAarkel value of balance5 at 31 December