Charfty r•gl8tratlon number 8COIJ9980 Iscotland) CROW ROAD FREE CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CROW ROAD FREE CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Charlty Nam• Crow Road Free Churth Charmy number {8cotlandl SC009980 Prlnelpal addrnss Doacons, Court
CROW ROAD FREE CHURCH LEGALAND ADMINISTRATNE INFORMATION D•nomlnational addrnss Free Church of Scoll8nd 1 S North Bank Street Edinburgh EH12LS Charity numb8r (Scouandl SC012925 Bankws TSB Bank 1 * Byres Road Glasgow G2 3AD Acknowledgements that* the Administrator. Session Clerk, Finance Group, and our Independent Examiners SRG LLP for prc¥Jucing this ropo1 and finck?1 statments. Independenl Exarnlner SRG LLP Tumbery House 175 $1 George Streel Suite 4.2 Glasgow G2 2LB Th• trusts08 aro comprl¥ed ol the De•cons' Court, the membernhlp of wh1¢h18118t In thelr r•port
CROW ROAD FREE CHURCH CONTENTS Pag• TnJste88 r8P¢Xt l1ependerrt oxaminefs report statement of financial aciivities Balance gheet Notes to the accounts 10-23
CROW ROAD FREE CHURCH DEACONS. COURT REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The De8cons' C¢JJrt wesent the annual report and fina1 stements for the year ended 31 December 2024. ObJectlv•s and actlvllle8 The principal 8im8 of the congregab.on ar6 to provKle OPF>Ortunitres for the local and wider communities to worship.. lo promote the Chnslian failh In thè local and wider commuThty,' to meet the syrilual and social needs of the Congregallon" and to ergage In charItaa work. Road Free Church Is committed to enGwraging as many people as possible, fiom all social. cumural and ethnic ba¢k9rounds, and among all ages. lo atterKI ris So1c8S for publi¢ worship. Our web8Y(e Iwwvd.¢Twoadfreechurch.ory) destribes our activiligs and 1$ updalgd rggularty to advertise our services and admlies. The Cthslian fallh Is prcmoted through weathing, Bible study and prayer, Sunday Sdyjol activities. the dlsp8rtsing of the $8¢raments and invdvement evangelistic activity and missionary wor The SFXritual and social needs of Ihe congr8gation are m8t through regular pastoral work by ils ministers, elders, deaGons and church members, prayer and In the provision of opportunities for f8llowship. We continue in outreach ministries allowing us to serve the local communty with a weeY Wami sp from Septembor to June on Tuesdays between 10am and 12noon, and a monthly litter pid( on o Saturday morning around the area of the Church building. also h(Ad op8n aftarmons handlThJ OLrt Invitatlons lo our Easter seNis and Christmas CarcA SeThice. inwttng people to cfjme Into the building ftjr a wam) drin
CROW ROAD FREE CHURCH DEACONS, COURT REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlèvements and performance Woyshlp, ToachSng and Pray•r All are welcome to attend OUT weeY Sunday seNlees of p11¢ rirship and our Prtyer Meeting and Bibl8 Study, vthlch meet In the church on the firs1 and third land any fifth) vfftk af the month. Then on second and fourth weeks of the rrK•nth. Vdg meet in th8 homes of mernkers in different parts of the city for Bible Study. prayèr and fellowship. Livestreaming of QLf serviwts continues to albow all in the congregalien to access our FJJnday gervices and mid-week Prayer Meetir@s as well as other meetings from their ¢)vm homes. The preaching at our Sunday 8eNces follows an exp05it0ry style and the congregation is gr¢fvl lor the way in whlch our mini8ter open8 UP the Scriptures in a dear, challenging and contemporary mannèr, frequently uslng SUal slides to illustrate the stnKlure of Ihe semon$. Plltrmbershlp Al the end of 2024 ihe congregation had a total of 110 mmUnICant m8mbers, 29% of whom are und9r 35 yea old, 31% in t 35 to 54 age br8eket, 15% in the 55-70 age brackel and 25% over 70. In adduon, thg ccThJregalw)n has about $8 adults who attend and support the congregation In dlfferent ways. The congregation ha$ a heathy age distribution; with more than haw the C(gregatIOn in the 18-54 a9e br8ckel,' about 40 thildren aTKI young people under 18; 0 crèche for bae$ and toddlers, Sundgy Schod dasse6 for children from pr school age lo upper primary, actrvf(kryS for ieenager8 and a stLthnt and young workern, fellowship. Att•ndances Attendance al Sunday services of the Crow Road ¢onryegation gverage about 120 at the moming service and about 70 in the evening. In oddth'on, abwt 2[>25 loln via YouTube livfjstream c Zc)m. The mldwo8k prayer meeting sges an avwage 0140-50 in attendance iTrperson or on Zoom. Mlsslon and Ev•ng911sm Our Publ worship servi8 are ¢onsidèrèJ evangelistic in the sense that wherever the Word of God is FYeacfftl it is relevant for the believer and unbeliever. There is usually a SFe¢ial gvangelisiic emphasls on serviees at Easter and Chiistma5. Student Mlnlstry Athouy) we no longer h8ve 8 StL¥Jenl youth worker employed in the congre9atDn. we have an activa Student and young worker rninistry. Nwth arou1 30 student$ and young workers att8nding the Sunday service$, tsklng p8rt in Sunday lund), or evening events, WKI meeting hM"ee a month lor Btble Study. Pastoral Carn Attendees are allocated elder8. who, along with the minister glve pastor81 support by home visits, phone 11$ and personal contact al other Umgs. In addOn, irrformal supFort is given by olhers in the congregation, asciallY dLTrring limes of illness and bereav8m8nt HeleTr¥byryh Now inlts rts third year of publlc worship servir= Y=?: CttTriJill¥i Curch Helen$lyJrgh holds weekly mornin services. under the leadership of following resignation of n September 20241, along with 1 elder and 1 deacon In the last year attendances have contlnuea io -ae about 50, wlth highs over 60 On several occasion5, with arourKI 15 children attending Sunday School. The mio*ek Community Group meets in area homes, averages an attendance of 10. In addb.on to Sun(iay services the thurth organised a summer chlldren'8 dub in July, whh was enhanced by a vclunleer group Irom tershed Fellowlp frorn Lengton, South Carolina, and a Carol 8ervice in Decomb•r for the pUTe of sarving the Hd8nsbW communty.
CROW ROAD FREE CHURCH DEACONS. COURT REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 BearsdgnlMllng•vlg Now in th8 58c01 year rl meètrrrfJ as 8 Core Grc4JJ, continues to advance the work of the BearsdenNllngwe Churth Plant. Now cslled Crossbridge LhJ", cr, the core group, having grown to 8round 40 ople, Maxholme Playgroup contlnues to to rented on a weeY basis initkqlly from 46pm on a Sunday, and from 1st Seplemker ¢hanged lo moming wor8hlp 8ervlces at 11am. The search for more sulta8 aooommodalign to laun¢h public worship services cOntind durlng 2024, although the possibility of IdtifyIng Jitabl8 facility looks hopeful for 2025. From 2025, the offerirvJs from the cora group wim be restrL#ed for use within in tha Crossbridg8 Chjrch Plant. The Church Byildlng and the Way Forward Plans conb'nu¢ to fom wrth the aim of Improwng the building fatylilles In ordèr to fvtur&prc¢)f r ministy and be abl8 to reach out to the community in a more meaningful way. wel1x Leslla archllects contlnue to eroage th the key stakeholdets wlthln the congrallOn to ensure each area of ministry has tsr needs taen irtiu anI. We carri8d oul Phase 1 of a 6 Phase plan during 2024. vthich was lo redecorate the main sanduary, including improved lightbng arKI installalion of a new projector. In 2025. the proieGt begins in eamest with a tender process being undertaken lo identfy a suitable conlra(aor lo carry out Phase 2 of the project plan. This 11 b8, subjact lo leadership approv$l. funded from our reserves during 2025. and we have started tn approach clwritable trusts for grants, and of eourse eOrage increa8ed or 8pecbfic glving from lh8 ccwregatlon In order to meet the finanoal requlrements. BaDklng and Fln•nG• W8 have conlinued lo manage our finances under the ryinciples of the FunrSlryJ our Future programme introduced In 2021, vA)ereby the Fin8ncE Group introduced a more focused Buildlng Fund. along wilh 4 addib'onal Funds (Operations 8nd Mantenance Fund, Mission Fund, Admin StaffiTra Fund, Local Ministry Fund) whiGh would allow the congregati¢)n lo use the Biblical princi8 of re¥trirting wrne of their income lo these Funds. This hos proven lo be an effective method of socurtng our financial future. vA)ile still meetrng our firrarla1 Rèmittancé requirèments to Free Church Central Office, and supwt'ng the wder mission work of th8 Fr86 Chureh. A porth)n of cash reserves continue to be invesl8d with Ralhbones In order lo maximise growth Ind security unlll such Ilmes as It Is needed. the ¥ppliG8t)n to dissolvts Partick Free Church in order lo unts wth thè renamed Crow Road Fr¢& Church, taking effect from 1st January 2024, the cash asset6 from the formw Partick Free Church rft transfeffed to the Crow Road bank account early in 2024. The Finance Group presented a 5-year slrateglc budget lo the Kirk Sessi¢)n in August 2024 given the demands lor funding for Ihe bUdIng projed, prop¢)sed new workers, mission supp)rt et¢. This wa5 well recaV and the Klrk Session and Fina8 Group continue lo contectualise relevant decisicfi$ based on thi5 exercise. The Finance Group V•ill updats thg 5-year budget on a regular ba%s 8nd review at their meetings al least lce year. e Ylortd IMTM Staff elumed lo the USA during 2024 to a different rofe wilhin MTW. Nats Taylor and Ksrk van d",. SivaJ-h - Iwork continues to support the work wlhln Crow Road, and the ongoing Church Planting efforts. now leads the Crossbridge Church Plant in BearsdenlMilngavi8. arKI September 2024, 'rk'S role h?f k," &ii c r)IJPf%¥ the Hope Communty Church Helensburgh ccffjgregatKin dunrrfj the difficult period of re5ignallon. MTW is a missionary branth of the Presbyterian Church of North America vthich funds minisry workers to be based In other areas of lh8 world where they Gan hdp in speafic ways with'n either an indiMdu81 congrègation or a vder denominalion. Mlnlstry4n-Trlnlng Programm• 5 now In h59 fourth year of attdIrj Edinburgh TOlOgicAl Semlnary to St for ts ministry alongsidg nanuwn minlstry mentorlng. relocated durlng 2024 to Covenant Church. Newmilns to Comp18 his 51udy and ministry training. The D&go)ns' Court have agreed to continue to support Stephen n this role, given that he remair¢ a member of Crow Road Free Church.
CROW ROAD FREE CHURCH DEACONS. COURT REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal Yevl•w Prfnclpal Sou of funds The congregali)n'$ incomo comes from donatlons. under Gift Aid apprcpriale. and Investment income. Total InMe of Ihe congregation has r*nainèd stsble In the year12023'. 11% in¢ase). Monltorlng of Income will te contlnued. Rmults for th• y•ar The resutts for the year are set OLrt In detail on the Ststement of Fin8nual ACtiv.&S on page 8. Th a deficit of £10,364 12023.. £13,234 deficit) in the unrestthcted funds and a surplu5 of £40.263 12023.. £24,139 surplus) In the restricted ld$. Funds There is a full e¥)18nation of Ihe funds in Notes 17 and 18 cn pages 20 21. Re8eNes Pollcy A Finance Group was appointed by the Deacons, Court In 2010. Swice thon they have undertaken a thorough review of all Ihe congregation's r8serv8s. Having tsken profe&sional advi during the annual 8XtemAI eyamination process, we beli8V8 we have suffbcaent liquid reserves and acce38 to other funds at Short notice to support the work of the congregalion. The Deacons, Court agreed to a tomal re$èrve8 P311cy in 2024 vAth a reserve equlvalent to 6 months running costs within general fvnds. Risk Management The Dea¢on$' Court have assessed the major dsks to %thich Ihe Gharity is exrx)sed, and arfr sati5ffied that systems are in plarE to m((ig8le exposure to the mar risks. The Finance Group of th8 Church ts made up of individuaL8 (3 trustees, Church Administrator. 1 member). wf(h current or previous experience in finance, banking. business, investments and 80 the combined sklllset covers 8 smde rarye of knowbedge of financlal nsk8 and mrtvJats'ons.
CROW ROAD FREE CHURCH DEACONS, COURT REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Hans lor the future Crow Road Free Church is a coryregation ofthe natlonal Free Church of Scolland wothng towards the commn olms of the denomination vthith accepts the Bibk In Ils entirety 88 the of God and therefore, (Èrives its forni8 of teachlng, wotship and ministry and govemment from It. Therefore at the centre of all our fuiurè plans $1 b• the preaching of th8 gosp81- the good news of 8 free and sov•Mgn salvation thrcmjgh Jasus Christ alon8. Practically this will indude: PreachiryJ of the g08pel thrg reyular Sund8y Servlc9s, Prayer meetings and Biblg st Group8. A<fvancement of thé gosp81 to Ihé yOLrth of the congregatvJn through Crèche, Sunday School. Bible Class. and student mlnlsty. Evang8llstSc Inlllativ88 to the local community. IAsitation of the corvJregation'$ membership and adherents. Pr1C8j and SritUal supp)rt to sde¢te(J organlsauons. Cowreg8tbnal Iralnlng e.g. membeTrhip dasses, marri•Je guidarKe and family workshops. Kjn with the wider Fe Chureh vision of having a healthy gospel Church for every community in Scoland and as such. to identify suitsble areas of Glasgow in whi¢h to ant more thurche5. Volunts•rn The ¢orKJregation 1$ very gralèfiJl to thè many volunleets who give unstinlingty of their time and ta18nts. In addf(ion to its elders and d8acons (all ol whom, Vlth Ihe excepliorb of our Minister. part-tlme Minisler-in-Training. Yth Worker and Adminislralor. are unpaid) we rety on the volunteer services of all leading our children's and youih wtjrk, our praise leader8, those on the welcome, sound and vision rolas, those help wth ¢atgring and cleaning, 8nd those vtho leod womens, events. Without them, the wngr9gth.on could not Ope in the way It do¢$. Our volunteers havo boon dl8¢lossd to work wllh chiklren and1 vulMr8ble ad1$. Admlrnl8tratlvo Informatlon The congregation employs a full tlme Admlnlstrator tho prowdes secretarial seMce5 for Minister. lQrk Session and Deacons, Court and is inte9ralty involved in the financial admini8tr8tion of the congregation in liaison with tho Finance Group and congwation81 accountant. Tl Admlnlstralor is now fvlty supported by 8 part-time Admin As$i$tant allovAng the administralive funth'ons of Crow Road a8 well as 80me support to the two Chwth Plan 10 be carried out.
CROW ROAD FREE CHURCH DEACONS. COURT REPORT (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 StNdurni gov•m•n¢o •nd mAn4g•m?Tht Crow Road Free Church is a ¢ongregation tst th¢ Fr¢¢ Chur¢h of Seotland, a Presbyterian denominatk)n adhering in its worghip and doctrlng to the posNlon of the Church of Scolkgnd at the Relomalion. Thg ongregallon Is a reqistere(I chaty wNh OSCR IscfK)99801. The Coryregation is authorisod by the Chwch to havt a ft¥nisler paid from the cèntral fvnds of the Church paid collecllvely from the Church's central funds, the Presbytery and the Conogat$n. All the property ol the Congregation, vthether in t ne of the Congregation or of NlDee$, is hdd on behaff of the Congregation. The government ol Ihe Free Church of Scotland is Presbyterian the Congregallon is wtthin the Free Presbytery of Gla8gow and Argyll. The Kirk Sessic (comprising tsn Elders al year end 20241 Is responslble for the spirfiual and ac1ivitigs of th congregation and the DeOn$. Court {comprislng eight Deal$ u$ Ihg Eld5) 1$ responsitle for the administration ofthe Congregation underthe supeNlslon of the Klrk Sessbn. Thè Kirk Se55ion meets rnonlhty and is ahvays thaiTed by our mini51er. MinLrt8s $re kept by the SessK¥rt Clerk. Thè Dèacons. Court meets al leasl quarterty. Ils Clerk is TesFJnsible lor keeFMng a record of Minutes of Meetings and for general adminbOtrab¥e oversight rflhe Courfs affaiTr. The Church operalas in 4 functional Spheres- Worshlp. Mlsslon, DlsdtAeship arKI SÈrvu- with SUIsphr•s within each. Each sphe i% overseen by a member of the Kith Session, and 3 range of indildu01¥ from across the S$g$ion, De8¢on8' Court and Congregation seNe on each SutrtrSpher&. In addition. variDUS committees are responsie. under Ihe supervi%ion of the Kirk SessJn for the administralion ofthe Sunday Schcol and Youth Groups. by the Deacons, Cour rustoo D8tod'. Trustee
CROW ROAD FREE CHURCH INDEPENDEr EXAMINER'S REPORT TO THE DEACONS. COURT OF CROW ROAD FREE CHURCH I report on the financlal ststernents of th? charty for the year ended 31 0Kember 2024, whiGh are tet out on page8 8 to 23. Re3ctIve re8pon8ibilitl•s of Dcons. Court and oxamlnèr The charity'8 Deacon8' Court ar8 re8ponsble for Ihe weporotion of the finanaal stslements in attordan¢e with the tem8 of the Charities and Trustge Investsnents {Scotlandl Acl 2005 and the ChartYg$ A¢unt$ (Scolandl RegLlations 20C6. The charivs Deac$, Court c¢)n51der that the audit requirement of Regulation 1011118) to {cl of the 2006 Accounts Regulations do85 not apply. It Is my responsltdlty to examine the financial statements as requlr8d under sectKfft 4411)(c) of the Act ond lo state whether particular matters have come to my attention. B8818 of Indendant gxamlnerfs ststemenl Independent examin•rf4 stat•ment In connection wlth my examlnatlon, no matter has comè to my attention: (a) which gives me re4ts¢ThW& cause to belleve that In any mgterid resp8Gt the reqtiiremenls: li) to keep accounting record3 in ar£ordan wth SeOn H(1118) of tha 2005 and Regulation 4 the 2006Accounts Regulatlons.. and lil) to prepare financial ststemenls wfiich accord with the accounting rttords and comply wilh Regulatlon 8 ofthe 2006Accounls Regulations,. have not been met. In my opinion. in order to enable the propw understandng of tha financlal statements, attention $hould bè drawn to the facl that the charity has applied various peT¢entages to tha allocation of offerings into speafic RG LLP Tumberry House 175 West George Street Suite 4.2 Glasgow G2 2LB Dated: 23 May 2025
CROW ROAD FREE CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•strfclod Rostrlctod funds funds 2024 2024 Total Unr•strfcted Restrlctsd funds fundts 2023 2023 Restated Restated T4)ts1 2024 2023 R•8tat•d Notes Donations and legaues Other tradlng adv15 Investments Other income 131.619 166.229 6,787 7,894 297,848 8.787 17,963 178,826 10,000 7,925 268 120,202 299,028 10.000 12,328 10,069 4.403 Total Incom9 141,688 180,910 322,598 197.019 124,605 321,624 Charitatile al¥ll1e$ 16S,353 142.709 308,062 214.497 116,386 330.883 Net gainslOoss8s) c Investments 11 5.229 10,134 15,363 14,387 5,777 20,164 Net loutgolngylncomlng resources before Iransfo (18,436) 48,335 29,899 {3,0911 13,996 10,905 Gros5 tsansfer5 betsNEen fijnds 8,072 18,072> 110,1431 10,143 Net mDvgmgllt In funds 110.3641 40,263 29,899 (13,2341 24,139 10,905 Fund balances 811 January 2024 1.801.914 586.288 2.388.182 1,815,148 562,129 2.377,277 Fund balanc•$ at 31 DeMber 2024 1,791,550 826.531 2,418,081 1.801,914 586,268 2,388,182 The Slalem8nt of financial aclivi1ies includ8$ all galng 8nrJ losses recognised in the year. The statement of financial activities irtludes all gairts 8nd lo9 re¢ognised in the ye8r. All 1m• and expendrture d8riv8 from continuing #Ch"tIes.
CROW ROAD FREE CHURCH BALANCE SHEET ASAT31 DECEMBER 2024 2024 2tr23 R•8tatod Not•$ Fix•d a¥•gts Tarvaie asset8 Investments 13 14 1,718,891 523,514 1,485,791 497.338 2242.405 1.9B3,129 Cuff•nt 498•ts Debtor8 Cash at bk and In hand 15 18,691 169.698 21.317 402.848 188,389 424,165 Cr•dltors: amounts f*lllrtg due wlthln gng y9•r 16 112,7131 119.1121 Mgt curr•Dt •u•ts 175,676 405.053 Totsl #•ts I•s$ ¢UTT•nt Ilabllltl•s 2.418.081 2.388,182 Net asgets •x¢ludlng penslon liability 2.418,081 2,388.182 Thg fvnth ot tho eharlty Rostr1 Income fvnds Unr¥strthd funds 17 17 626,531 1,791,550 586,268 1.801,914 2.418.081 2,388,182 dbyth MA a015 Trustet Trustee
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polkles Charlty Inforntlon Crow Road Free Churth is a unincorporated ¢hwty Wistered at the Office of the S¢otti$h Charity Re$ter. During thg year th9 Partld( Fr99 Church of Scoland, Scottish Charity No.'SC017581 merged vith the Charty. The assets were arnalgamated undtt sadon 16121(bl of the Charities and Trustee Investment (Scotsand) Act 2005. Th8 2023 financial statern have Len restated to account for the merger. 1.1 Accountlng convontlon The accourrts have been pr8pared in accordan wlth the charity'5 constitution, the Charftoes and Trustee Inveslmenl IScc4land} Act 2005. the Charities Accounts (Scolandl Regulations 2006 las 8mendedl and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to tharitse8 preparing their account¥ in accordance Tmth the Fin8ncial Reporting Standord applicable In the UK and Republic of Iieland {FRS 102)" las aman¢Èd for accountin9 periods commgncing frorn 1 January 20161. The chafity is a Public Ben9fit Entty a8 defined by FRS 102. The charfty has taken athanlaje of the pro¥ision$ in the SORP fcf charltlgs applwng FRS 102 Update Bulletln 1 not lo prepare a Ststemgnl of Cash Flow5. The financial statements h8ve departed from the CharitEs (A¢¢ounis and Report81 Regulations 2008 only to the exient rèquired lo provlde a true and fair wew. This departure has Involvad following Ihe StateMt ol Recommended Praeilce for chadlleg applyirrfj FRS 102 rather than the vgrslon of th& Statement of Reeommended Prxtlce which Is referred to In the R8guLalion$ but which ha$ since been wtmrawn. The finanGk81 statements are Prepared in Sierling. which is the fundional currency of the tharity. Monotsry amounts in the finandal ststaments arè round to the neargSt £. The flnana818latements have been prepared under the histOriC81 cost convèntion. The principal arUnting pollryes •Jopled arg set out baiow. 1.2 Going concem At the time crf approving the financaal statemonts, lh8 Deacons, Court have a reasonablo •xpectstion that the charity has adequate resources to continue in operatnal e$tenCe tor the foreseeable ftrture. Thus th& Deaeon8' Court continue lo adopt the wing concem bas1$ of accounlrvJ In pr8parlng the finanoal statements. 1.3 Charttabl• funds Unrestricted funds aro available for usé al th• dIscreon of the DeOn$. Ctyjrt In furtherance of their charitable objecbves. Designated funds comwse funds have been set aslde 8t the discrets'cn of the Deacons, Court for spedfic purpoges. The pury)oses and uses ol the designated fund8 are sel out in Ihe notes to the finanaal statements. Restricted fijftds are $uLy'ecl lo sFecific condltlons by th)nors or grantors as to htr4V théy may bè used. The purposes and uses of the restricted funds *• aet out in not8s lo the financial statements. Endowment fur¥Js are subject to specific D)nditions by ¢Jonors that the eapbtd must be m8intainèd by the ¢hanty. 1.4 In¢Milng rnsource8 Income 18 recognised when the th8rity is legally entitled to It after any perfomianca condits'on$ have been mgt, the amount$ ¢an b8 measured rdiably. and il is probable that in¢ome 11 be received. 10-
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polkles Icontlnuedl Cash donations ar8 reeognised ¢)n recqpt. Other donations are reccJnised orte the charlty has been notifjgj of the donation, unless perf0mnCe conditions requlre deferral of the amount. In¢ome tsx rec#)verable in relation to donations reiVed Lmder GiftAid or deeds of ¢ovenant Is recwised at the time of the donation. Legaryes are reccJnis8d C recelpt or othepwlse If tho Charlty has teen ncufled of an imwnding dstrfbution, the amount is kn¢)wn, and recelpt Is expected. If the amourbt is not knovm. the leg8¢y IS treated as a conlingenl assgl. Dividends ore r8ccgnised 8$ incc4ne when the sharelKJlders' right to receive payment has been established. 1.6 Resour¢ oxpènd•d Expendrture 1$ re¢ognised once there i¥ a leg81 or constructive oljigalion lo transfer economic benèfft to third party, it 18 probable that a tran6fer of ocon¢)mic beneffts wll be required In settlemerrt, and the omounl of the obIlon can be measured reliatty. Expenditure Is dassffled by ac. The cost5 of each actlvmy are made up of the total of d¥t u>sls and shared costs. inGluding support co$ls involved in undertaking each activity. Direct costs attributat4e to a slngle activity are allocated directly lo that activity. Shared costs which contribute to more than one actwity and support costs vthich are not attribulae tts a singlè activity are 8PPOrtioned befvn those activits'es on a basis eonsislent the use of resouros. Centra5 staff costs are allocoted on the bas15 of time spent. and depwiaknon charges are allocated the portion of the asset's use. 1.6 Tanglble Ilxed assets Tangible ffixed assets oro initially measured at cost and subsequentby meawrad at cost or valuation. nat of deprecialon and any impaiment losses. DapTeuation is recognised 80 as lo vrrile off ts c05t or valu81ion of assets less their resdLAI values over their useful liv on the followrg base8'. Freehokl nd and buldlngs Plant and equipment al 20% 8tr8ight line The gain or lo arl$lng on the disposal of an asset is determined a$ the difference b4hveen the 88 prod8 and the carryin9 value of the a$sel, and Is rwnlsed in the ststement of flnancial activities. 1.7 Flxed a$set Investments Fixed as5el investments ar8 initially measured al transaction Pri exduding transacon Gosts. and 8re subsequenuy measured at fair vue at each reporting date. Changes in fair value are recognistry in nel irMe1{eXpendrtUreI for the year. Trara¢tion c08ts are expensed as incurred. 1.8 Impalmnt offlxèd a88ets At each reporling end date, the charity reviews the carrying amounts of ils tangible assets to determlne whether there is ary indication that those 888ets have suffered an impairment loss. If any 5uth indulan exists, the recoverable amount of the asset is estimated in order lo determine the ex1ent of the impairment loss lif any). 1.9 Cash and G•sh èqulval•nts Cash and cash equivalents indude cash in hand. depositg held gt Gall with banks, other short-term liquid investments th orl9ind maturitie5 of thr98 months or less, and bank overdfafts. Bank overdrafts are shtswn within b¢novn9$ in ajrrenl lia158$.
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Icontlnued) 1.10 Flnancial instTuments The charity has elgct&J lo apply the prow5i0ns of Section 11 'BaS Financial Instruments, and Soction 12 'Ott)er Finanaal Instruments Issutss, of FRS 102 to all of its financial instrumènts. Finaal in8truments are regni in the ¢harry$ b*ance sheet vthen the charfty becomes party to the contractU81 provisions of the instrument. FInala1 assets and liabililies are ¢)ffset, Ihe rEt amounts prented in the financial ststemenls. wh Ihere is a legalty enforceable right to sel off the recognised amounts and there is an Intention to sed16 on a net ba818 or to realise the assgt and settle the liability simultaneously. Baslc financial assets Basc financial as$els, which Include debtors and cash and bsnk t4Lqnc88, are Inlllally measured tran8actlon price induding transgction costs and arè subsequently carrfed 8t amortised cost Using the effective interfrst method unles$ the arrangement Constitutes 8 financing transacllon, where the transaction 18 measured al thè present value ot tho future lpts diseounted al a market rale of interest. Finanryal a38èt8 classifd 8s reable wlthln one year are not amortised. Basle financlal Ilabllttles Basic finanryal liabilities, incjuding CTedrtOTS and bank loans are inltially recognlsed at transaction prio unless th8 arrangemeni constilutes a finanong tr8nsact(on. vthere the debt instrument is mèasured at the present Value of the future payments discounted at a market rate of interest. Finandal liabilrties dassffied 08 payable wf(hin one year are nol aM0sed. Debt instruments are Subsequentty carried at amortised cost, uslng lh8 effective Inlerest rate methctyj. Trade creditors are obllgalions to pay for go or services Ihal have been acquired in the ordinary course ol operations from suppliers. Amounts Payab are classffied as current liabil8$ if p8yrnent is due within one year or less. If no( they are presented as non-currenl liabl1leS. Tfade eredilors are wognised InitilY al Iransadion wce and subsequently measured at amortised cost using tho effeth.ve Interest meth)d. Dwpcognilitin of lIne•ll li•biMUes Financial liatslities are derecognised ¥then the charit$ contRctual obligations explra or a dharg8d or cancelled. 1.11 Taxatlon The Crow Road Free Church 1$ a ¢hartty within Ihe meaning of Sedon 467 of the Corporation Tax Act 2010. Accordiroly the charity is frxempl from taxation on the Income and gains falling within Part 11 of Ihe Corporats'on Tax Act 2010 or Se¢titsn 256 of tho Taxation of Chargeable Gains Act 1992 Inwfar as such Income and goins are aPled exclusively to charitable purpos88. 1.12 employee ben•ffts The cost of any unused hdlday entitlement is recc•3ni3ed in the peri¢¢J In which th• empk)yee's serv1S are retsived. Ternination benefts are rec&anised immedlaldy as an expense when the tharty k8 d8rnonstralJy ¢Lmitted to termlnate the employmont of an employee or to provide lemlnats. banefts. 12-
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlc•l a¢¢ownllng o$llmatgs and ludgernents In the application of the tharity's accrAJnting pdicies. the Deacons, Court are fequired to make judgements, estimates and assumptions about the carying amount of a8sets and liabilrties that are not fftadily apparent frun other sDurces. The estirnates and assodaled assumptions are based on histQriGal eVer1Ce and other factors that are cons¢dered to te relevant Artual Tesult8 may dlffer from these gslimates. The esMot8S and underlying assumptions arè re¥lewed on an ororing basis. R8visions to aecounting estimates are Ognised in the period in which the estimate is revised where the revision affects cnly that period. or in the period of the revision and fubjre peTiod5 where the r8vK%ion affects both Gurrent and future pwiods. Donatlons and legacles Unrestrfcted Restrl¢ted funds funds Total 2024 Total 2023 Restated DonalionB and leg8cie5 Grants 131,619 156.229 10,000 287,848 10.000 299,028 131,819 186.229 297.848 299,028 For the year ended 31 D¢¢emb¢r 2023 178,828 120,202 299,028 Income from ¢)theriradlng Unrestrfcted R•slrlct•d fvnds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 2023 Restat•d Ro$tsted Restst8d Totsl 2024 Letting and licensing arrangements 8,787 6,787 10,000 10.CKJO 13-
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In¢¢m* from Invostments Unrestrfcted Restrlct funds funds 2024 2024 Total unrestrict Rostridgd fund8 fund• 2023 2023 2023 Rat•t•d R08tated R¢ststed Total 21124 Income from listed Investments Income unllsted Investments Interest re¢efv8e 8.23S 2.080 8,319 3.607 1,202 4,809 1.717 4.097 1,717 7,927 1.594 1,607 1.594 5,925 3,830 4,318 10,069 7,894 17.963 7.925 4.403 12,328 Other incomo Totsl Unre8tricted 2024 21r23 Reslaled Other in¢ome 14-
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 harit•blt actlvltl Mlscellaneous Minlster8 Church Man•• other G•neral Donation8 Expon•os Exp•nses Exponsg5 Expensas Treasurer. G•noral Fund Total 2024 Total 2023 Restltod stoff c0818 Depreciation and Impaimient Extra DenOminaOn8l Oblacts (see note 21 Mlnlsters & Planter Exp8nses Telephone & InsuranGe Light & Heal Repalrs & Malnlgnan Cleanlng RenL Rates & Water Misce118neous Advertising, Websile and Presentatlon8 Pulpit & Speaker expenses Ho18nsburgh RC HireHAII Lets Publlcations Sunday sch11 Youth Followship Night Safe & Bank Charges Othor èxpendtture 25,205 32.679 10.2S3 3.090 60.974 10.253 22,692 27.848 4,157 39.787 11,369 7,906 12.132 7,936 1.402 3,555 8.507 1,248 2.198 185 79,946 65.056 7,314 29,611 54,831 1.851 20.379 6,709 8,874 12,313 7,402 5,480 2,192 7,316 3,560 3,293 22,692 27.848 4,111 46 33,131 941 10,428 12,132 7,936 1,41y2 3.555 8,507 1.248 2,198 185 6,44S 73,501 ,380 22.692 27,848 54.306 46250 74,408 76,591 302.095 326,547 Share of wvemance costs (see note 81 5.967 5,967 4,336 22,692 27,848 54,306 46,250 80.375 76.591 308.062 330,883 15-
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charltable activitl (Contlnuedl Anaty$ls by fund Unr8stricled funds Restricted furKIs 200 22.492 27,846 947 53,359 18,970 27,280 43,887 36,488 73,501 165,353 142.709 22,692 27.848 54,308 46.250 80,375 76,591 308,2 For the y•ar and•d 31 Doc•mbgr 2023 Unr8gtric19d fvnds RestriGt¢d funds 148 29,463 52,906 105 10.800 42.476 21.137 7.699 47.366 31.136 82.140 5.$07 214,497 116.386 29.611 53.011 53,276 28,836 78,502 87.647 330.883 16-
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support co•ts Support Govemance 2024 2023 Restated Legal and professKJnal AcuntaY fees 3.915 2,053 3.915 2,053 4,336 5.968 5.968 4,336 An8lyse(I betsveen Chantable adIv.eS 5,967 5,967 4.336 Net mov•m•nt In fund8 20242023 Restat•d The net movemert in funds is stated after ch8rgiNJll¢redrtingi.' Fees payab for Ihe indeFendent e¥aminati¢)n of th6 charlty's financial statement8 DeK¥eciation of owned tsngl fixed as88ts 1,8CQ 10,253 7,314 10 Employe Number of employees The average mcmthly numbèr of èmpl¢)ws durlng the year was.. 2024 2023 Restated Number Number Employmont costs 2024 2023 Restsied Wages and salaries Social 58cunty eostg Other pensb)n costs 35,112 4.196 4,368 56,354 3,992 4,710 There weffj no employee8 whose annual remunwats'cn wa6 £60.000 or morg. 17
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Galns •nd1053u on Inve8tmonts Unrestrlcted Restrf¢tsd funds fund8 2024 2024 Total UnltCtOd R•$trkted fundg fund$ 2023 2023 2023 Re8taled Rostat•d R•stat¢d Totsl 21)24 G8inslOossesl ari%ng on.. Revaluatitsn of investments 5,229 10.134 15,363 14.387 5.777 20,164 12 Taxatlon The charltyls exempl trn tsxatton on Its actswties because all its income is apF4Ed f¢r charitable purpose$. 13 Tanglblè flxed assets Fr••hold land and bulldlngs Pk2ntand equipment Total Cost At 1 January 2024 Additi$ 1.461,773 212.590 89,602 30.763 1,551,375 243,353 At 31 December 2024 1.674,363 120,365 1.794.728 D¢prèciatlon amd Impalrnient At 1 January 2024 Depreciation thaTggJ in the year 85,584 10,253 65,584 10.253 Al 31 December 2024 75,837 75,837 Carrylng •mount Al 31 December 2024 1,674.363 44,528 1.718.B91 At 31 December 2023 1,461,773 24,018 1,485.791 18
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Flx•d asset Invg¥lmgnts Llsted Other Inv¢$tmftnts In$tments T)tsl Costorvalvatlon Al 1 January 2024 Additions Valu8tion changes Cash balanc mov8m8nt Disposals 425,375 498.406 6.972 7,010 1496,711} 71.963 497.338 498,406 15.3 9,118 {496,711) 8.391 2,108 At 31 December 2024 441,052 82,462 523.514 CaThying amount At 31 December 2024 441.052 82.482 523,514 At 31 December 2023 425,375 71,963 497.338 16 Debtors 2024 2023 Restated Amounts tslling du¢ within ontryear: Olhw debtors 18,691 21,317 16 Credllors: amounts fallSng du• wlthln on• y8ar 2024 2023 Rostat•d Accruals and deferred ¢rme 12.713 19,112
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Restrlcted fundg The r8stricted fvnds of the charity comprisg the un8xpended balan of donations and ants held on trust subject to ScIfiC conditions by donors as lo howthey may be used. Movemgnt In funds kneomlng Resourc Tr•nsf•TB i1 •nd B•lanut r•sour¢e experKd los 31 Dec8mLwr 2024 1 JaMry 2024 Operations 8nd Maintenance FurKI Glasgow City Free Church Development Fund Glasgow Cty Free Church Manse Fund Local Ministry FLbnd Building Fund Admln Slaffing Fund Mi¥sKJn Fund Crossbridge Church Fund Travel Fund Helen5burgh Church Fund 40,520 136.987) 110.507 114,040 71,962 2,108 8,391 82.461 311,671 30,790 139,034 4,556 311.671 38.369 37,644 35,986 36,423 22.434 18,563 24,875 {28.4071 {10,2421 {129.314) 132,$501 5,560 (22,334} 3,771 (12,1891 1,743 27,113 1,142 39,798 1,142 1,404 1,404 586,268 180.910 1142,7091 18.0721 10,134 626,531 Operatlons & Malntenance Fund - was established to provide for 811 expthre reLgting to the physical urch building and manse. induding uiilrties. Thè Glasgow Clty Free Church D8volopmènt Fund representB the net fr¢¢ proceeds of the Sab of thg Milton site. The fund is lodged with the General Trustees. The original purpr)$6 of the lund has b99n amend¢d by tha General Assembly of The Free Chwth of Scotland and il rnay now be used to luTrJ congregab.onal past¢xal vrkerS and a congregatiorl administrator. Ils use ext8nd3 to the renovatSon of parts of th8 church building. The Glasgow Clty Free chUh lknnse Fund represents the value of the Branklyn Place Manse asset at purGha8e. The LorAI Mlni$try Fufid w86 e8tablish8d in 2012 to supwt now ventures. It wa$ used to as8iSt in establishing the Campbellown Free Churth. and is now self-supporting. The Funtj Is now being used lo fund ¢)ur part-tim8 Youth Worker, our Minist8r-in-Training programme and to prowde Inillal fuNllng tcthards new Church Plants. New Bulldlng Fund - was estsblished tr use towards the purchase or development of a new Fffopety being sought for use by Glasgow Cty Free Ctryjrch. andlor propety br future Church Plants. Admln Fund - was astablished to provide salary arbd expenses for the Church Administrator. Ml$slon Fund was established lo fund wl financial support to Kirk Session reed dcA)ations, discretionary donations as agreed by Oeacon$' CoJrt. Crovdbrldge Church Fund - represents Ihe secmJ Churth Flant whlch was started in Sept 24 serving the communty of Bearsden l Milngawe. Travel Fund - represent8 asslsting individuals who are in need ggttng lolfrom thurch serv0$. H8l•n6burgh chu h Fund . this fund wa$ wlassth8d trorn D8signatèd and represents the first Church PLgnl serMrKJ the communty of Hope Communty Church in H818nsburgh. Restrlcted FurKJ deficlt8. should they arlse, wll be supplemented by o transfer from the Unrestricted Funds. -20-
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Unr•Btrtu•d funds The income funds of the charity indude the folkjwing designated lunds which have been sel aside of unrestricted funds by the twslees for specifK pvrpnes.. At 1 janry 2024 Incomlng Resources resourc88 oxpended Trdnsfers Galns and At31 loBses December 2024 Designated". Helensburgh Church Fund De5ignaled" Gaelic Servkes Fund Genoral Fund 27,714 30.819 {57,1281 (1,4041 388 1,773,812 388 1,791,162 110,869 {108.225) 9,478 5.229 1.801.914 141,688 1165,3531 8,072 5,229 1,791.550 Prèvlous Reslatgd: At 1 January 2023 Incomlng Resources resour¥ •xpended Transfors Galns and At31 108805 D•¢•mber 2023 Designated.. Helensbu Church Fund DesvJnaled.. Gaelic Seni Fund General Fund 39.386 56.000 167.673) 27,713 388 1,775,374 388 1,773.813 141,019 {146,824} 110.1431 14,387 1,815.148 197.019 {214.497> 110.143} 14,387 1,801,914 Helensburyh Church Fund - was established for tlk creation and develcpment of our first Church Plant, Hope Community Church in Helensburgh, provisicn of a pbnltr and runnlng costs of the church. This fund has been re-classffjed as Restricted. Gaellc Servlces Fund - was established lo assist 1h the FY0vion ol any Gaelc Service. 21
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Analys18 of n¢t assots betWn funds Unrg¥trict8d fund$ 2024 Ro5tricted funds 2024 Total 2024 At 31 December 2024: Tangible assets Irwemenl$ Current 955etsl(Ik8tilitie5) 1,397,047 330,789 65.118 321,8 192,725 110.558 1,718,891 523,514 175,676 1.792,954 625,127 2.418.081 Unr•Btrictsd R•Jtrfctsd funds funds 2023 Reststsd 2D23 Reststed 2Q23 Restated Totsl At 31 DeGemb¢r 2023: Tible assets Investments Current as8etsllliab1lrtsI 1,174,120 319,032 308.762 311,671 178.306 96,291 1,485.791 497,338 405,053 1,801,914 586.268 2.388,182 20 Deacon's Court The total honorwium paid la tru81ees durirKJ the year was nil {2023 .' nil). During the year expenses papj to Iwo trustees12023'. 2 Irusteel for mileage, hoslaIlty. telephone and a houslng alkwlance. The lotsl amount relmbursed was £20.56112023 .' £20,594). Remungration of key managam8nt pgrnonnol The remuneration of key management pèrsonnel Is disclosed In note 10.
CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 MlsG•llanoous Donatlons 2024 2023 B8n8vol?nt Fund Govanhlll Fts)d Bank Glasgow Unrversities and S¢hool$ Suraj Kasula Hope Church Coalbridge Lcchgilphead Free Church MlssionAftica Navigators Work Langham Partnership Operatfion Mobilisalion The Christian Institute Other Mission Support Wcff£n for Mlssion Latin Link Adam Donation to OMF Intematonal Mission to Jthmsh Peoplo Youth Mission Fund Preshal Trust (funeral donations) 200 220 300 2,0 3.000 2.000 1,000 100 3,000 1.oc 1,1LKI 1,000 180 3,000 850 850 1,000 810 100 900 9.915 1,240 2,780 1.100 10,430 1,240 2,072 22,692 29.611 General Fund Mis&on Fund 200 22,492 148 29,463 22,892 29,611