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 fin￿ck?1 statments. Independenl Exarnlner SRG LLP Tumbery House 175 ￿$1 George Streel Suite 4.2 Glasgow G2 2LB Th• trusts08 aro comprl¥ed ol the De•cons' Court, the membernhlp of wh1¢h18118t￿ In thelr r•port CROW ROAD FREE CHURCH CONTENTS Pag• TnJste88 r8P¢Xt l￿1ependerrt oxaminefs report statement of financial aciivities Balance gheet Notes to the accounts 10-23 CROW ROAD FREE CHURCH DEACONS. COURT REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The De8cons' C¢JJrt wesent the* annual report and fina￿￿1 st*ements for the year ended 31 December 2024. ObJectlv•s and actlvllle8 The principal 8im8 of the congregab.on ar6 to provKle OPF>Ortunitres for the local and wider communities to worship.. lo promote the Chnslian failh In thè local and wider commuThty,' to meet the syrilual and social needs of the Congregallon" and to ergage In charIta￿a work. Road Free Church Is committed to enGwraging as many people as possible, fiom all social. cumural and ethnic ba¢k9rounds, and among all ages. lo atterKI ris So￿1c8S for publi¢ worship. Our web8Y(e Iwwvd.¢Twoadfreechurch.ory) destribes our activiligs and 1$ 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 $8¢raments and invdvement ￿ evangelistic activity and missionary wor The SFXritual and social needs of Ihe congr8gation are m8t through regular pastoral work by ils ministers, elders, deaGons and church members, prayer and In the provision of opportunities for f8llowship. We continue in outreach ministries allowing us to serve the local communty with a wee￿Y Wami sp￿ from Septembor to June on Tuesdays between 10am and 12noon, and a monthly litter pid( on o Saturday morning around the area of the Church building. also h(Ad op8n aftarmons handlThJ OLrt Invitatlons lo our Easter seNi￿s and Christmas CarcA SeThice. inwttng people to cfjme Into the building ftjr a wam) drin CROW ROAD FREE CHURCH DEACONS, COURT REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlèvements and performance Woyshlp, ToachSng and Pray•r All are welcome to attend OUT wee￿Y Sunday seNlees of p￿11¢ *rirship and our Prtyer Meeting and Bibl8 Study, vthlch meet In the church on the firs1 and third land any fifth) vfftk af the month. Then on second and fourth weeks of the rrK•nth. Vdg meet in th8 homes of mernkers in different parts of the city for Bible Study. prayèr and fellowship. Livestreaming of QLf serviwts continues to albow all in the congregalien to access our FJJnday gervices and mid-week Prayer Meetir@s as well as other meetings from their ¢)vm homes. The preaching at our Sunday 8eNces follows an exp05it0ry style and the congregation is gr*¢fvl lor the way in whlch our mini8ter open8 UP the Scriptures in a dear, challenging and contemporary mannèr, frequently uslng ￿SUal slides to illustrate the stnKlure of Ihe semon$. 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 ba￿e$ 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 servi￿8 are ¢onsidèrèJ evangelistic in the sense that wherever the Word of God is FYeac*fftl 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 arou￿1 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 add￿On, irrformal supFort is given by olhers in the congregation, as￿ciallY dLTrring limes of illness and bereav8m8nt HeleTr¥byryh Now inlts rts third year of publlc worship servir= Y=?: CttTriJill¥i C*urch 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, wh￿h was enhanced by a vclunleer group Irom ￿￿tershed Fellow￿lp frorn Le￿ngton, South Carolina, and a Carol 8ervice in Decomb•r for the pUT￿e 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 58c0￿1 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 wee￿Y basis initkqlly from 46pm on a Sunday, and from 1st Seplemker ¢hanged lo moming wor8hlp 8ervlces at 11am. The search for more sulta￿8 aooommodalign to laun¢h public worship services cOntin￿d durlng 2024, although the possibility of Id￿tifyIng 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. wel￿1x￿ Leslla archllects contlnue to eroage th the key stakeholdets wlthln the congr￿allOn to ensure each area of ministry has tsr needs taen irtiu a￿￿nI. 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 e￿O￿rage 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 princi￿8 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 firrar￿la1 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 bU￿dIng projed, prop¢)sed new workers, mission supp)rt et¢. This wa5 well recaV￿ and the Klrk Session and Fina￿8 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 v*der denominalion. Mlnlstry4n-Tr*lnlng Programm• 5 now In h59 fourth year of att￿dIr￿j Edinburgh T￿OlOgicAl Semlnary to St￿ for ts ministry alongsidg nanuwn minlstry mentorlng. relocated durlng 2024 to Covenant Church. Newmilns to Comp￿18 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 In￿Me 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 l￿d$. Funds There is a full e¥)18nation of Ihe funds in Notes 17 and 18 cn pages 20 21. Re8eNes Pollcy A Finance Group was appointed by the Deacons, Court In 2010. Swice thon they have undertaken a thorough review of all Ihe congregation's r8serv8s. Having tsken profe&sional advi￿ during the annual 8XtemAI eyamination process, we beli8V8 we have suffbcaent liquid reserves and acce38 to other funds at Short notice to support the work of the congregalion. The Deacons, Court agreed to a tomal re$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 ma￿r 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 ￿$1 b• the preaching of th8 gosp81- the good news of 8 free and sov•Mgn salvation thrcmjgh Jasus Christ alon8. Practically this will indude: PreachiryJ of the g08pel thr￿g￿ reyular Sund8y Servlc9s, Prayer meetings and Biblg st￿ Group8. A 110,1431 10,143 Net mDvgmgllt In funds 110.3641 40,263 29,899 (13,2341 24,139 10,905 Fund balances 811 January 2024 1.801.914 586.288 2.388.182 1,815,148 562,129 2.377,277 Fund balanc•$ at 31 D￿eMber 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 lo￿9 re¢ognised in the ye8r. All 1￿m• 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 Tarvai￿e 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 b￿k 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 Rostr￿￿1 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 Inforn*tlon 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 L*en 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 StateM￿t 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 ar￿Unting 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 operat￿nal 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• dIscre￿on of the De￿On$. 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 recc*Jnised orte the charlty has been notifjgj of the donation, unless perf0m￿nCe conditions requlre deferral of the amount. In¢ome tsx rec#)verable in relation to donations re￿iVed Lmder GiftAid or deeds of ¢ovenant Is recwised at the time of the donation. Legaryes are recc*Jnis8d 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 obIl￿on 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$ls involved in undertaking each activity. Direct costs attributat4e to a slngle activity are allocated directly lo that activity. Shared costs which contribute to more than one actwity and support costs vthich are not attribula￿e tts a singlè activity are 8PPOrtioned befv￿n those activits'es on a basis eonsislent the use of resouros. Centra5 staff costs are allocoted on the bas15 of time spent. and depwiaknon charges are allocated ￿ the portion of the asset's use. 1.6 Tanglble Ilxed assets Tangible ffixed assets oro initially measured at cost and subsequentby meawrad at cost or valuation. nat of deprecialon and any impaiment losses. DapTeuation is recognised 80 as lo vrrile off ts c05t or valu81ion of assets less their resdLAI values over their useful liv￿ on the followrg base8'. Freehokl ￿nd and buldlngs Plant and equipment al 20% 8tr8ight line The gain or lo￿ arl$lng on the disposal of an asset is determined a$ the difference b4hveen the 88 pro￿d8 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 transac*on Gosts. and 8re subsequenuy measured at fair v*ue at each reporting date. Changes in fair value are recognistry in nel ir￿Me1{eXpendrtUreI for the year. Trar￿a¢tion c08ts are expensed as incurred. 1.8 Impalm*nt 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 indul*an 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¢nov￿n9$ in ajrrenl lia￿1￿58$. CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Icontlnued) 1.10 Flnancial instTuments The charity has elgct&J lo apply the prow5i0ns of Section 11 'BaS￿ Financial Instruments, and Soction 12 'Ott)er Finanaal Instruments Issutss, of FRS 102 to all of its financial instrumènts. Fina￿al in8truments are re￿gni￿ in the ¢harry$ b*ance sheet vthen the charfty becomes party to the contractU81 provisions of the instrument. FIna￿la1 assets and liabililies are ¢)ffset, Ihe rEt amounts pr￿ented 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 classif￿d 8s r￿e￿able 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 aM0￿sed. 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 liabil￿8$ if p8yrnent is due within one year or less. If no( they are presented as non-currenl liabl1￿leS. Tfade eredilors are wognised Initi￿lY al Iransadion wce and subsequently measured at amortised cost using tho effeth.ve Interest meth)d. Dwpcognilitin of lIn￿e•ll li•biMUes Financial liatslities are derecognised ¥then the charit￿$ contRctual obligations explra or a￿ d￿harg8d 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 aP￿led 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 serv1￿S are retsived. Ternination benefts are rec&anised immedlaldy as an expense when the tharty k8 d8rnonstralJy ¢L￿mitted 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$llmatgs and ludgernents In the application of the tharity's accrAJnting pdicies. the Deacons, Court are fequired to make judgements, estimates and assumptions about the carying amount of a8sets and liabilrties that are not fftadily apparent frun other sDurces. The estirnates and assodaled assumptions are based on histQriGal eVer1￿Ce and other factors that are cons¢dered to te relevant Artual Tesult8 may dlffer from these gslimates. The es￿Mot8S and underlying assumptions arè re¥lewed on an ororing basis. R8visions to aecounting estimates are ￿Ognised in the period in which the estimate is revised where the revision affects cnly that period. or in the period of the revision and fubjre peTiod5 where the r8vK%ion affects both Gurrent and future pwiods. Donatlons and legacles Unrestrfcted Restrl¢ted funds funds Total 2024 Total 2023 Restated DonalionB and leg8cie5 Grants 131,619 156.229 10,000 287,848 10.000 299,028 131,819 186.229 297.848 299,028 For the year ended 31 D¢¢emb¢r 2023 178,828 120,202 299,028 Income from ¢)theriradlng Unrestrfcted R•slrlct•d fvnds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 2023 Restat•d Ro$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¢efv8￿e 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 DenOmina￿On8l 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 sch￿11 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.$07 214,497 116.386 29.611 53.011 53,276 28,836 78,502 87.647 330.883 16- CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support co•ts Support Govemance 2024 2023 Restated Legal and professKJnal Ac￿unta￿Y fees 3.915 2,053 3.915 2,053 4,336 5.968 5.968 4,336 An8lyse(I betsveen Chantable adIv￿.eS 5,967 5,967 4.336 Net mov•m•nt In fund8 20242023 Restat•d The net movemert in funds is stated after ch8rgiNJll¢redrtingi.' Fees payab￿ for Ihe indeFendent e¥aminati¢)n of th6 charlty's financial statement8 DeK¥eciation of owned tsngl￿ fixed as88ts 1,8CQ 10,253 7,314 10 Employe Number of employees The average mcmthly numbèr of èmpl¢)ws durlng the year was.. 2024 2023 Restated Number Number Employmont costs 2024 2023 Restsied Wages and salaries Social 58cunty eostg Other pensb)n costs 35,112 4.196 4,368 56,354 3,992 4,710 There weffj no employee8 whose annual remunwats'cn wa6 £60.000 or morg. 17 CROW ROAD FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Galns •nd1053u on Inve8tmonts Unrestrlcted Restrf¢tsd funds fund8 2024 2024 Total Unl￿t￿CtOd R•$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 tr￿n 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 ¢r￿me 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 S￿cIfiC conditions by donors as lo howthey may be used. Movemgnt In funds kneomlng Resourc￿ Tr•nsf•TB i￿1￿ •nd B•lanu*t r•sour¢e experK*d los￿ 31 Dec8mLwr 2024 1 JaM￿ry 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 exp**thre 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)$6 of the lund has b99n amend¢d by tha General Assembly of The Free Chwth of Scotland and il rnay now be used to luTrJ congregab.onal past¢xal v*￿rkerS and a congregatior*l administrator. Ils use ext8nd3 to the renovatSon of parts of th8 church building. The Glasgow Clty Free chU￿h lknnse Fund represents the value of the Branklyn Place Manse asset at purGha8e. The LorAI Mlni$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 serv￿0$. H8l•n6burgh chu￿ h Fund . this fund wa$ 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 jan￿*ry 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 Sen*i 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 FY0vi￿on 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 betW￿n funds Unrg¥trict8d fund$ 2024 Ro5tricted funds 2024 Total 2024 At 31 December 2024: Tangible assets Irwe*menl$ 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: T*￿ible assets Investments Current as8etsllliab1lrt￿sI 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, hos￿laIlty. 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