REGISTERED CHARITY NUMBER: SCOI 1447 R¢ptyrt of th¢ TTU5t¢¢5 FinaLl StsttAbent$ for tbe Yer Ethded JI Deeember 2024 FREE CHURCH OF scOTiAli STORNOWAY Mann Judd Crf)Tdon L Chartered A¢c(KLnt*t$ 26 Lewis Sireei srwaY Isle of Lewi$ HSI 2JF
FREE CHURCH OF SCOTtAND. STORNOWAY Contents of ihe Finndl Sthitments for tbe Yur Ended 31 December 2024 Page Rep)rt ofthe Trwstees lll<kpende•t Exlmivr's Report itemtTht of Fknxntll Attlvlti Bal8nce Sheet Note5 to the Finncisl Stalemtnts 10 to 19 Dd•iied Statement of Finantul Attivili
FREE CHURCH OF SCOTLAND. oRN0WAy Rq>ort Of the Tru4e25 for Iht YEar Ended 31 December 2•24 The tru5tee5 pnI the4r repcrt with financial swemettts of the ¢harity for the year ¢nd¢d 31 December 2024. The tmstees have &)pi¢d the provisiovs of A¢counting R<pOrtg by Clwities: Statement of ReComnded Practice appli¢able ro chariiies preparing their aCcots in accordwKe with the Financial Re)rtIng Standard opplicabl¢ irt th¢ UK and Republic ofirelNI IFRS 102} (effeaive l Januay 2019 OBJECTIVES AND AcrtVlTIFS Objeclives and Stomoway Frte Chu of Scotland is a COn8Wion the Free Thureh of Scland kIn8 Towanls thE Ctsrnrno aim5 oul kk)w. It is a Presbylcrian ¢hurth adhering ID its worship and dlTine to the p)siiion of the Church or ScotlarKI at the RefoTmation. The Free Church of Scotland has an espltwiury whKh givrs ihe hi51oriral bxkground to th¢ d¢nominalion coming inlo bein8 in 1843 and lis documents in whith is ¢mbodd the constltutio of thc Thurch. Thc duTCl is availablc on re9 frorn thc Frce Church of SCland. 15 North Bank Si.. The Mound. Edinburgh. EHI 2LS. The Free Chw¢h of Scotland ojrrently has over l(MJ consre8atioAs in Scodand, as well as one in London and four North AmeriL¥. and Sister Churches founded by rni55iOD work in Indi4 Peru and sOh Afrkca. The Church also has a Theological Serninary in Edinburgh for ihe trainittg of minisr5 and Lrthtr Christian workErs and sustain5 an extensive missionary programme relative to the size of the chureh. The prirtipal 1VEry of Iht Church is ihe conduct of public worship and a5cIated matters in ihe contexl of k21 nglEgatIons. Dating fwm 1843 bul with its rwts in th¢ R¢f(KTh3t. the Free Chwch of SClaThd owes its disiinclive title to lis hi5toriral 51ruggl¢ to 'frr¢' slat¢ illlErfwuKe in bls inlcrnal affaiT& li ha5 cb5e and activ¢ relations wilh marty other Reformed churchts of Jesus Christ throughout the MY)rld and Aands fmnly in the tradition whhch accepts the Bible in il5 ¢ntiT¢ty as the Word of Cj d¢rives its fonns ol xhing. wotship, ministry atMI governmeni from it. lthe main emphasis of our wothip is the preaching of the g05pcI - the Bd ncws of a frtt aTyJ 50vcrEign 5alvati( through Jesus Christ alone. The con8re8y)n is autknri5ed by ihe Church ) have • •ninister and an &sistant paid from the LMtral funds of the Church. The con8re8ation a150 ernploys an OFeraiions & Treath Supwt Manager, Church Officer, cleaners and a hall careiaker. Their salaries are engrossed within the relevani expenditthre category in the llOLe& the acco) under salaries. honoMia and supplenKnts.. The congregation owns the ChuY¢h, the Church car path and the Rev M A Mxleixl Mernorilll Hall. all sItUed on Kcnncth Str¢et. Siornoway. h also owns IAxdal¢ M¢¢ting House and the manse at 14 conable Road. Siornoway. The Francis Street manse, the Seminary and the Seminy park arc all held urth the Model Tru tked of thc Free chu of SCOtnd. While they rErnain Ihe cons1vi('S WQPVti¢5. ¢h¢ pernJi55i(M of th¢ General A55¢mbly is requir¢d b¢f(¢ Ihry bc di5rrf)%d of. CrnlmAki The con8region makes from its incomt individuols And or8knlwi0 that are genernlly known to the Trtssi and the conglIn. Thc i*neficiaries ¥E inwlved in gciivities or minL5trie5 compatiblE wilh the Church obJeLiives.
FREE CHURCH OF SCOTLAIYD, sfoRNOWAY Rep)rt of the Trustees for the Year Ended 31 Dernbu 2•24 ACHIEVEMENT AND PERFORMANCE ChAritblt clivities Durin8 th¢ ytw, the church r¢8ularfy for sdAY mKi-wttk wwship eontinued the folknving diverse range of 8¢1ivities in pur5Mii of its SEd airt and (IijcctiV¢5= In Telltlon t l. Services of worship in English and Gaeli¢ were held every SuN1ay. These were all INt-streamed for the benefii of Ih05e who w¢rc unablc lo iwr50n for var5 rea50n5. 2. Meetings for prayer were held OTr weth5&Y. Thursday and Saiurday eKnin8s with a Zoom vidtrconfrrencing fa¢ilily on Wednr5d8y ¢vening for thos¢ who ulla>k to attend i[. 3. Zoom vidreIe1$ faeililies were put tt> gwd use to port viws ther m¢Mings for prayer Bibk study. It was also used to facilitate meetin8s of various subvcommittees. 4. Using 8 ble of house visits or lephe SUPPDr4 spiritual care and 121 support was provided by ihe Dirie1 Visiiaiion Teams to the elderly, Ihe sick 8ThJ Those are diSadNI88ed wiihith their own knmes. This service was al appCLaI1ve1Y augrncnted by the L&dics VisitatK)n T5. 5. For th0 wiihout XC¢5S to onlinc facilffies. C5 and DVLYS of servK¢S were Tegularty dclivcnd to hoffles Ihroughcwi thr ¢ong]rgaiion. 6. The Crèche and Tweenies groups met regularty IA th¢ I11 aThd w¢r¢ ift51nLCtd from ih¢ Go Teach for Beginners mat¢ri The children enjoy h&vin8 the own and also en8a8in8 with ihe activities that arc related k the ied¢hing. 7. The Sunday School met weekly durin8 rn1 lime. The ieaelbers irbStru their classes using a8e-Awropriaie Ver$)n5 of Ihe Go Teach matcria . The much-appreciated monthly 55 Fellowship CONiDsJed lis r¢8uiar merfings and eAy)yed a significant inCTea5e in the numE¢r attending. 9. The ronsrc8ation5 EKph)rer wup5 conlinucd io mcct Hrckly SCI1 time. The meelin85 have proved to v¢ry pular and the attendat at both hLs ex¢eeded exptttsiions. l O. A new outfEach natned'Friday5 at the Pred. vihich conJrTrerKed b)wards the end of 2022. to addrcss the c$unIty wide probkm of lonclincss d the ts)st of living challen8cs conlinutd to mcct regulafly in the Rev M A Maclcoj emorial Hall throughoul 2024 and is a facility greatly appreeiated by all who attettd. I l. The Rev M A Mxlwd Memorial Hall is also the ¥enue from which Dove's Comer Baby Bank diyribut¢s nappie ikms of clothing ¥nd baby fom)ula milt frec of charge to parrTht5 WIM) rnay be stru¥Èling ) mee¢ ihe costs of purchasing sCh iiems. 12. Throu¥lu)ui ih¢ 5UTnmw tnonth5. Mh-aprfrc1I1ed resular open days We held kn gr¢¢t and offer hospitslity to visitors from cruise ships berthing ai St)WaY. 13. Tbe Summer holiday club tlx christi•$ holidry club ith rpm Again this year 5w¢usfvlly wilh maximum numbers attending both clu 14. The Toddler 8roup ¢ontiNes to meet in the Rtv MA Macleod Memoyial Hall eoch M(thday during terni time& IS. The Siornoway con8re8arKbll COTrttnues be the Sending Church, for a member of the £¥grega1ion WIMJ is currenily serving Oyerseas Missionary Fellow¥hip IOMF) in Camb)dia as a ielcher and 0reach worktt. 16. The con8resatK)n erthurage5 ihe Mi&sioos Suptth Grnup in ILS supwjn of Chrisiians who are enga8ed in a wide rang¢ of humanilarian, ¢dat¥)al and ¢vanyli5ti¢ ¥liviii¢s.
FREE CHURCH OF SCOTLANIX sfoRNOWAY Rqffjrt of (he Trn5t¢¢s f•r ihe Year Ended 31 D¢¢¢mb¢r 2024 17. The ¢ongregion ¢(Alle$ to support Road to R¢very and now adMiisieYs its fmancial affairs by means of a re5lricted CoUnt. Road to Recovery an a1cL41 and ¥iLlIOn rehabilitalion Progra under the supervision of the Western Isles Presbytery. 18. The Rev M A Macleod ela1 Hall conlinues ) be a pTrpular fun(kr&ising venue for Iwmanitsrian and medical Charities. 19. The Congreg10 COhiind IL% comffiiimenl 10 supwxl the wider spiriwai, mis and finartial interests Of the Free Church of scotld_ l. Th¢ TrustCCS 8ratcfully xknowlcdgc thc receipt of rcgular don1 crtrIbkn thrrgh ¢klY and Thinihly freewill offering enveloFeS. bank sIding Orders and Gift Aid reelaiTnS. 2. The Twstees continue be ¢nra8¢d with ¢4)ntrIA0S participation in the Gift Aid sth¢rne. 3. tknrtatiohs were rnade the tgregatil's Beevolent Fund to tht Eile4n Si8r FWJ B8nk. the Salvation Army and Doves Corner Baby Bank to assist with alleviatiThg the hardship expui¢nc¢d by iknse who are Struggling as a result of reduced income and var)us h¢f re89)n FINANCIAL REVIEW Ru•its fDr the yexr The con8regat)n principally ¢¢1¥¢5 its funding by way of wee&ly and monihly offerings as well as Gift Aid donatiun$. The fin8ncial ststemeni$ for the year are set (1 IA pages 7 20. The seme of Fin¢la1 Athivities on page 7 refleS net incomin8 res(NJrces of £496,102 (2023- £459.5191. We iruly gli ihanks to God for imwivemeni in fi¢18[ posiiion in 2024 and for the unstinting finBncial support 8iven by ihe conwaiion. The main factOTS ie8ardin8 the irnprovement in 2024 were addilional iknnations io the congregalion in order to help defray high nmning Msts- parti¢uiady h¢aing and li8hiing- and to ¢ontribu¢ towards works around th¢ thwrrh foy¢r. Frown March 2025, thc o)ngrcgalion will be in thc Scror and murh morc favourable a$¢ of its ele¢tri¢ity contrnrL but ele¢tiicity eosts still remain a concern. The burden o( rising staff costs (due to increases lli the minimum wage amd employcTS' national Insura¢} as well a5 l&ely Incre mainlenance cost5 on our ¢xisting proF¢rti¢$ 11 irnpxt on our r¢s¢rv¢s in 2025. We re¢ognise Ihai we a 81 risk of operJiing with an unikrlying deficii ifaciMJn is tsken. With in mind. the Deacons, Court have asked ihe Finance Ccthmittee to med diseuss iht e¥rrent finaJKial Sill0 and brin8 back r¢comrnendions ) ihe Deaco, Coun to ensure that eXpeIllre will n(M exceed incx)me and thai the re5erve5 balance be mainiained 10 acteplable level. A review of prryerty is ako bein8 uTh4ert8keA by a separae Sc(MMIltre. Reservts policy It is the policy of the £(8r¢gaI1On to mainlain unr¢5tricted fund% i.e. fvnd5 not committcd or inves¢ed in fixed assds, at a level which 4ues to approximal¢ly thrtt months nstri¢d ¢xpendityr¢. This albws suffici¢ni funds to ¢nabl¢ Ihr ongoing work of the churrh ID be Tha7[lrd. Calrulaiilw dcmonstr•te reserves ar¢ above this level. Th¢ UnTeslrK¢ed G¢n¢rai ¥¢ JI D¢c¢mkr 2024 •JM)unted to £18.160. Surplus {2023 - £2.371 def11). The Dcsi8nattd Property Fund hid a surphjs balance of £79.54B12023- £76.5291. T0141 reserves. including the of fixed hd bai¥nces on Tewickn4 funds amounted io £1,047,824 12021 £1.002,582}.
FREE CHURCH OF SCOTLAND. sfoRNOWAY Rtport of tht Trte$ for ¢h¢ Ye•r Ended 31 De¢¢mber 2024 sTRUUR& GOVERNANCE AND MANAGEMENT Governing documemt StOrwaY Free Church of Scotland is trtablithed by Constibjtion. Thc chuTch is a Scottish Chty No. SCOI 1447 The 8overnmeni of tk Free Church ofscfflland is Presbywian and the SI)rw cA)nBre881ion is within the weSM Isles Presbyiery. Reerultment #nd ppolntrnent tsf oew iriistts sltts al oificc Bear The chtyh is Presbyierian in governmeni aThd its day to &y rnnning is tsndertak by the F.Id¢rs (the Kirk Session) the Deacons Iihe Lkac()s' cotsrtk The tkxons. C(4wts 4xcifK nlOn rtlat¢s to the material and finala] $1¢5$ of the congrc8alKbn, ther¢aS Cldcr5 4re char8e4J with thc 8enc4al and spiriiua] oversight of the con8rcgations. 4¢CCPtcd prnctic¢ for th¢ Mini8t¢r and Eidcr5 to also be in tncmbership of thc Dwors. Court}. Ur charity lllw t Deacons are deemed io be the Truskes of the CongregwJn. lThis is disiintt from the n)le of CLx)gTegatrtll irnstees rEsponsible only fwholding property tnjsil L)iNt¥tb¢lli ofcharit Tn¥¢$ The KI Session exereises IL8 disertlion in detemLirtirt8 the most 4}prOte method ofeleeiing Trnee$ (Eldevs and Deacons). Any ele¢t)ft process must invofve the communicant mJnbership of congT¢gaiion. There is Th) rixed ierm for Trusteeship. Prior kn Ihtir 4)piniment, new Truskes would have serval Ihe churth for scthie time in warious roles and would be familiar wilh the church's values. its aims and objectives as well as tts day--daY operalion5. A5 Port of their indUdn pyDgrafflm4 ncw Tru5tCe5 arc rcquircd lo undrr5tarKI thcir 5tatulory responsibilitie5 &8 1[ as their re4m)1bilttY os eldu or deacom. StitetheAt Rll5k The Irustees assess the major risks to which the eon8wiioth is ex)Sed OA an ongoing bosis and have eslablislKd predreS to miiigte tknse that are identified as a resuh of these reviews. Page 4
FREE CHURCH OF SCOTLAND. sfoRNOWA Y R¢tMJrt orth¢ Tru¥t¢¢s ror the Ytar Ewdtd JI Defember 2024 REFEREIYCE AND ADMINisfRATIVE DETAILS Regi5ttred charity oumber SCOI 1447 Iton8re8ation} SC012925 {dQMInalTrn} Cort ational Tnee$ For holdin8 the Con8regations PropErty in - the Minisier. the Trtssurer Liaison TrllSe and the aeTk to the Deacons. Court. or their SULYessots in oifice. ConiA¢t InfDrmtitlon Church uddress Kennah Sire Stornoway Isle ofL¢wis HSI 2DR B•nk*rs Royal Bank ofscoiland 17 North Beach Strett StorrKyway Isle of Lewis HSI 2XF Free Church of Seoiland The Mouthl Edinburgh EHI 2LS
FREE CHURCH OF SCOTLAND. STORNOWAY lieport of the TTh¥te¢s for the V¢4r End¢4131 Detember 2•24 Cf)un s ifi ngiand aThJ Wale5 Mann Judd CJDrdnn I,Id Chartered ACCnts & Registered Audito 26 Lewis Str¢¢t Stornowoy Isle of Lewis HSI 2JF srATEMENf OF TRusfEES' RESPONSIBILfTIES The itusiees are r&sponsible for preparin8 the Rcport of the Tr and the fllwjcial 5tst¢rn¢nts in accordance with applkable law and Unittd Kin8dom Acc(rtmlill8 StsndDrds (Unid Kin8dom Generalty Awted A011& Pr¢tiee). The law applicabk io elthriiies in ScoilaTrJ, the Ch8riti&s 2nd Trustee Investment (Scoilandl A¢1 2(X)5, Charities Acttsurtts (Scotlartd) Re8ulatiort$ las •nendedl 1 the pyovisions of the chariry'5 con5¢ituii(rf4 requires the trustees to prepare financia] statements for each financial year thi¢h give a tnje and hir view of the stste of affairs of the £hawity and of the incomin8 rcsourtts and application of TesoufC¢S. ir1]18 th¢ inwn¢ Jnd ¢XPj)¢W4 of the charity for thot rwiod. In Erying th05¢ fmaKiai swemew the ¥e required to select suitsble cOUbg wTrlicI and aNFly LTh5iacrtly' observe the rlletlM)ds and rKirtipJe5 in the Clwity SORP. mpke judg¢m¢nts and %lmaS are reag)nable aJNJ rffudenr pffpare the fin8nci81 sthtements the goi& u)nizm b&sis unless it is Iriapwoprijre to presume that th¢ clwity will ¢JMtinue in busine&%. The Itwstees 8rt Tespjnsible for keepin8]w)er countig rethrds which disclose with tT&Eonable ac(xw at any time the fInKIal position of the dwity d 10 enable them to ensure that th¢ financial 5¢aDKnts comply with th¢ Clwi¢ies and Trutr lrt¥estm¢nt (Sthtiand) Act 2(KJ5, Ihe Clmrilies Accounts (Sc18nd) Regulations 2(rf)6 {as amende4) and the provisions of the thariry s constitrjtion. Thry are oiso r¢sportsible for safe8uardin8 tht assets of the charffy 4nd hence f king reasable 5tCP5 forthe PTeveJrtiEm 2nd detecti of frJud ¥thJ irr¢wJlaritses. Approved by order of the board of trustces on 12 May 3)25 si8rtd on its behdfby..
Inknndent 8xn)i$ Report to Ibe TThstees of Frte Church of Stoilarf I reFrfJrt on the accounis for ihe year cd 31 December 2024 set otsi on pages eight to nineteen. Resirflv¢ reSpOlbIlItIeS of irusleesnd euwaner The ¢harily'S irnsi¢e$ 8re nSible for ihe weparalion of ihe accoun1$ in a¢¢Onl¢t with Ihe lernis of Lhe Charilies and Trusiee Invesimeni {SCland} Act 21x15 8ThJ ihe Chatities Aecothnts (S¢o¢]8ThJl Regul105 2006 las amended). The harity% (rues consider lh ¢he audit Twv¥rement of RegulTr 10(IXa) io Irl of Ihe Accounts Resulalions does not apply. It 15 rriy re5F¥)115ibility to exarnine the accounts a5 required Section 44(1 Xcl of the and b) 51ak whethcr particular rnatters have come lo my attenlion. Bayi5 tsf tht ldepend¢Tht txminrf$ rep)rt My examirt01ion was e4rried out in ¢ran¢¢ with Regulation I l of the ch]$ A¢nts Iscodand) Regulaiiort$ 2006. An ex8minalion inclLwJes a review of the accounting fecords ke by ihe charity a1 & cornparison of the acLxyunis presented with ihose records. It •150 i1th consider10 of wu5ual ilenjs ¢x di%lowres in the accounts, •i seeking explanations from you as injstees concerning any such mailers. The w{edre$ Undertak (ky not provide All the evidence thai would Lx reguired in an #udiu and Consequently l ewess an opinion on ihe view given by the acwjnts. Independen¢ ¢¥4wln¢r's st•l¢m¢nl In conn¢¢lion wih my ¢xaminalion. ng has wm¢ my l¢10n . I l ) whi¢h gives m¢ r¢asonable caus¢ to believe thaL in any m¢Ti•I rts]. IIK W¢4]uir¢menis k¢ep a¢¢Wnting rteoTds yn wrdanc¢ with SrdioD 44(1 Ila) of the 2W5 Act ond Rwlatit)n 4 of the 2006 Awjjnts RegullOns. arml io kware o¢0)ynis which with the •¢coUn1# a1 to comply with Regulation 8 of the 20(h5 ALrounts Re8ulations have been met. or 12) to which. in my opinion. attention SI1d be dr4wn in order to enabk a woptt ¥ndustsnding of the xcounts be reached. Chartcr¢d Account15 26 Lewis Stvcct S¢omoway Isle of Lewis HSI 2JF 12 May 2025 P¥e7
FREE CHURCH OF SCOTLAN STORP40WAY SYAtwwrnt of Fi••n¢i•l Activities for the Yer End JI Dtternber 2024 31.12.24 Totsl lunds 31.12.23 Tolal fwids unride fvnds Rr1 f¥Rds Notes INCOME AND ENDOWMENTS FR(JM Donations and legacies 390.923 IA.437 475.360 439.166 Oiher trnding activities Inves¢nKni ineome 954 19.649 954 19.717 1,071 138 411526 84.575 496.101 459.519 EXPENDITURE ON Ch•rltable •ellvl¢l¢s StatT Other dlreci COSLS Ilotrdll Oiher dire cos15 Inattonal) Other direct costs lovers¢as) 75,923 390.451 l.J95 7.983 315220 62369 240 3.031 447,519 240 3.031 TOIAI 385.220 65.640 450,1 475,752 NET INCOMEI(EXPENDITIIRV.) Trlnsfers funds 26.306 14,935 2,756 45,241 116,233) Net movemet In funds 2JJ50 21,691 45.241 116,233 KLCONCILIAI"ION OF FUNDS Total funds brought forward 931248 70J34 I.2.582 .018.815 TOTAL FUNDS CARRIED FORWARD 955.7r18 023 1047.823 1.002,582 The notrs fom) w of these flAclaI sta*ments Page A
FREE CHURCH OF sciyfLAI¥D. STORNOWAY esknt 31 Dttem1 2024 31.12.24 Total fiJnd$ 31.12.23 Total UnresiriLed Ru4ri¢ird FIXED ASSETS Tangible 858,L¥)O 914.890 903,D76 CURRENT AssErs Dcbtor5 Cash at bank and in hand 12 11.882 11.882 139,501 13.043 35 35225 151J83 119.487 CREDITORS Amounks falling due within one year ij (18.450) (18.450) (19.9811 ]YET CURRENT ASss 132933 99.5(YJ TOTAL ASSETS LESS CURRLNT LIABILITIES 955.798 92.025 1.047,823 l.Ll)2.582 NET 92.025 1047 823 1.002.582 FUNDS UnreslTlCted funds Reri¢ied futyJ8 14 955,798 92,025 9J2.24S 70.334 TOTAL FUNDS 1047 823 I 2,582 The financial 8tatements were apyoved by the B(Ngrd of and wthorised foT i&%ue on 12 May 2025 and were signcd on ilÉ bchalf bk-. Tr notes fomi PaTt of ilw fmanoiol seMents
FRF,F. CHURCH OF SCOTLAND. STORNOWAY Notc5 to Ihe FiRaNcil StsiemeKIs r<+r the Yt•r Emled 31 Deeember 2•24 ACCOUNTING POLICIES Bw of prepiring the IlngRdal ststoMni$ The financial sia(emenis of chariiy, which is a public benefii ¢nii¢y under FRS 102. have been prepared in acci)rdance wilh the Chilies SORP {FRS 102) 'A¢countiDg and RqKwting by anIT¢s.. Siement or Reeommended Practice applbcable to Chariti weparin8 their counts in aLrdanCe with the Financtal Reponing Stamdard applicable in the UK and Republic of Ireland IFRS 1021 {eff¢ctive l January 2019Y, Finanrial R¢porting standa 102 'Thr FirwKial Ryrfing Standard applirabk in thr UK and R¢wblic of Irelartd. attd the Charitie5 and TnNtt Investment (Scotland) Act 2005. The financial stsmeAts hove been preparvj under the hIN1¢al ¢onYerfb)n. IwJ¢ome All inwme is yegniSed in the Stament of Financial Aaivilies oThce the clwiiy has entitlernent the fund& li is prolmble that the income will received ld the STnouni can be measurJ reliably. Expendilmre Liabilitie5 are recogThi8ed as exFenditure &E scwan &s there 15 a le8al or constructive obliBion committtn8 the ¢h&ity ID lh expiditure. it 1$ pwbable Ib a transfer of eA)nomtc benefiis will be wuirtd in settlement aY¥J the arnount of the Obljwi can bc fflea5ured relily. Expenditure is xcounted for on an arcrua15 basis aThJ li bccn clwifi¢d un(kr h¢alin that aggr¢gal¢ all cosl r¢la1 ¢0 th¢ ¢4t¢gory. Wh¢¥¢ Thr>t b¢ diCtlY ilribvtrd to parlicul¥r headings ihry h4v¢ aIkKrd adivilirs a basi$ ovn5iSt¢nl with ihe of resources. Grants offered subject to coThJitiotss whi¢h have Mji been met at the yetr end date are rbotrd as a commitment bui 11014c¢r¥ed as exped]luTt. Alloc4¢lon •nd apportRment •f¢fj5ts Costs ate alkbcaied to the appropriate fund followiftg conSiderlon by Ihe Treasuyu, who MAY consult with ihe Tnjstees in cases on uncertainty. Tht is no &prtiOnment of ¢4)sts b¢et funds. TIgIb1r fixed assets In prewous years The ChurcK lhe Slary and the Laxdale Meeting House We not valued in Yiew of the limibj market availablc wcre in thv balJncr 5h¢ct at NIL. Howev. following r4Jvicc from Ccntral OffiGc5. these ppertIeS hav¢ been mald by ik trustr¢s. The valU10n of the mAnse at frran¢is Street made by the trustees irt 1994. All oiher prorrties •rt staj at eost. The indiYidu41 Ye$ of the wperties held by the chArily are w. Church building and Session R- Kenndh Street CThurch lIdIn& exrLS1¢ aTh4 por¢h- Seminary, FTan¢is Sir Church 1[ditI8. Laxdale House MA Memorial H811 Manse- FrarKi5 Sireet Man- Con5thblc 1kn41 Total £68,(XX £25,tKK> £20.IKIS £357.632 £175.IKM) £232.458 £87&D9 d¢pr¢¢iatioii is pvIded on the Pffoperties. Pl1 and 4uipm•)I b5 deplecled at 20% on a)sL TAXltion The charity 15 exempt fm tax on its Charlble activities. Fvnd aleelIng Unrestricied funds can be used in xcordance with the diaritsbk objecu7rts a( the discretion of the trusiees. Re$tri¢led funds Cin only b¢ used for p¥rli¢ular wid¢d PL11$¢$ wiihin the objxts of lh¢ ¢h?ri¢y. Restriaions arise whejb specified by ihe (b)rT01 when Cunds are raised for parnKular r¢strKted Pu05¢s. Fw(her explan8tiM of thc nalurc Wld puryrt>se of eath fund is includcd in the notes thc financial statcment& Page 10 Colllinued...
FREE CHURCH OF SCOTLAND. STORNOWAY Not¢s lo th¢ Fip•D¢i•l 51*tm¢nts- ¢ontinue ror the Year FdEd 31 Detember 2024 DOIY ATIONS AND LEGACIFS 31.12.24 Tglal fund5 31.12.23 Tolal fujids Unrestricted fth)ds Restrict funds Donations Gift eid Gmts Bev07ent and Helpin8 Han(Ls 345.954 44.969 57.182 7.293 18.472 1.490 403.136 51262 1&472 1,49) 365,771 47,204 24.839 1,352 439 166 Grants r¢ttiv¢d i11¢d in th¢ thv¢, as follows.. 31.1224 31.1223 Free Church ofscodand Energy SavLn8 Trusl 5,750 5,25 19.589 OTHER TRADif4G AcrivlEs 31.1224 Toial fwids 31.12.23 Total funds Unreslricd Restricted funds Magazine iwome Audio Ministry income 954 954 974 97 954 954 INVLSTMENT INCOME 31.12.24 Toul funds 31.12.23 Toial Unrestricted fund5 liemiicted funds Rents received Bst)k interesi 17,847 1,802 17.847 1,940 17.652 1,630 19,649 138 19.787 Pa8e 11 continued...
FREE CHURCII OF SCOTLAND. STORNOWAY i Otes lo tht Fiumeill St8ttmt#ts- coNtivEd lor ihe Year Emled 31 Dttember 2024 CHARIT ABLE ACTIVITIES cosrs Grani f#ndin8 of I1¥1¢1¢$ {sc¢ te Supw1 Dir( Costs 051$15ee TrJ¢c 71 61 Totals Other direct costs {Icthl> (Xher dire¢1 ¢0S (nationall Other dire¢1 costs {overse4s1 315.398 126291 447,589 240 240 315 450.860 GRANTS PAYABLE 31.1224 31.12.23 Other direct $ts {IrKall o¢her dir¢¢i wsts {nati(all O¢her dirert Costs {ovtrsus) 5.(A)D 240 3,031 3.439 1,395 7,983 The toial gmts paid io inaltIOnS during thc ycar was a5 fDiIow 31.12.24 31.12.23 Dortations ) other Free Chutcl Slavic Gospel Association Muriel Macleod- OMF & Asia Link$ Chriuian Instiluie Adam Support Group Eilcan Siar Poodbank Bethesda Nursing Home & Hospice Blythswood Eun)pean Mi5s*)n Fellowship Compa55ion UK Tearfund Mission Jewish Peopk FCOS Disaster Relief Fut¥J Salvation Artny Do¥e5 Corner Bene¥o]ent Fund 8r8nts 2,755 1,575 320 3.040 830 370 270 430 1.230 500 1.757 240 250 1,695 29Q 450 396 456 1352 350 50 soo 682 250 250 700 Pa8¢ 12 ¢othiiDued...
FREE CHURCH OF SCOTLA sfoRf40WAY Notes to the Finntil Ststtments- ¢ortti•u¢d ror the l¢xr End¢d 31 De¢¢mb¢r 2•24 SUPPORT COS15 Mana8ernent Oiher Totals Other direct ¢osts {local) 126,291 TRUSTEES. REMUNERATION AND BENEFITS rin8 the yur paYMts rn¢ thc followin8 In. by way of salsrie4 I1ORri4 pre5entstions and ministers. supplements. These costs are all included within sthff eosts. There were al various expenies paid. These c0515 are includcd wiihin ih¢ aptKowi*¢ ¢xp¢w category. Jl.1224 31.12.23 11.242 8.431 11.169 Q742 10.355 10,103 70 95 "I"rM3lees' expeThses Tru5tccs'expcnse5 are included in ihe knve slatemenL STAFF COSTS The average mnthly nutnberof tnjpknyees during theyearwas as follows: 31.12.24 31.1223 Mirtister in traihing {ufitil Au8USt 2024) Church officer Cleaning st& Trca5urer {until Makn 20241 Opcrnlions and Outreath Supwrt Manager No ¢mploy¢¢s i¢ttiv¢d ¢n1MentS in excess of £,000. Nllages and saJaTies costs include supplements ld 10 three individlIS who are employed by The Free Church of Scotland ccntrdlly. in zddition kn the ab)¥e individuals who are empk)yed IcKally by Free Church of Scoiland, srnOW8>. Pagc 13 conlinu¢d...
FRF.F. CHURCH OF SCOTLAND. STORNOWAY Y4)tes to the FiAavi•l Stst¢m¢Mts- continued for tbe Year Ended 31 Detember 2024 COMPARATIVES FOR TIIE sfATEMEKf OF FINANCIAL ACTIVITIFS Unrestrieted funds Rerle rund8 Tolal fund$ INCOME AND ENDOWMENTS FRO Donatiorts and legacies 318.728 50.438 439,166 Othcr iwading aLtivilie5 Investment income 1.071 19.153 .071 19.282 129 Tot1 408.952 50.567 459.519 EXPENDITURE ON ChrltalAe aetfvltles Staff Ot[ dir¢rt ¢05ts (locall Other dir¢rt COSTS (naiional) Other direct eosis (overseas 70.673 379.296 5.250 75,923 390.451 1.395 1,395 7.983 Tot1 449.969 25.7¥3 475 752 NET INC(hMFJ(EXPENDITURE) Trnsfers between funds (41.0171 24,784 5.927 (16,233) P4ot moYeme•l i* fu9 (46.9441 JO.711 (16,233) RECONCILIATiofi OF FWNDS Tots] fynds brought fonvard 979.191 J9.624 .018.815 TOTAL FUIYDS CARRIED FORWARD 932.247 70,335 I.CKJ2,582 TANGIBLE FIXED ASSETS Freehold Equipmenl Totals COST Al l Jathuary 2024 Addiiions 87B.090 30,778 15.IA)3 908.868 IS.3 Ai 31 December 2024 46,681 924,771 DEPRECIATION Al l January 2024 Charge for year S.792 4.089 5.792 4.089 Ai 31 Dec¢Mr 2024 9.881 9381 NET 0K VALUE At 31 Drcember 2024 914.890 At 31 Decanber 21J23 903 076 Pase 14 ntinued...
FREE CHURCH OF SCUTLAliD, STORNOWAV Nrfes ts lh¢ Fin•nfi¥l &it¢meDt3- ¢Olltiwued for the Yur Ended 3 l Detbtr 21124 12. DEBTOILS: AMOUNTS FAiLINC DUE WITHIN ONE I'EAR 31.12.24 31.12.23 Glft aid debtor 11,882 13,043 13. CREDATOKS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1224 31.12.23 Due to Central Funds Aeerued expnses 5.941 7,825 12.156 19.981 14. MOVEMENT IN FUNDS Ne¢ movement in funds TTansf¢ beDveen runds Ai 31.12.24 At 1.1.24 Unrestritted funds General fund De5L8nalcd A5ts Fund Dcsi8nalcd Property Fund {1371) 858. 76.529 6.782 13.749 18,1 858,09) 79,548 19.524 16,5051 932248 26,306 {2.756) 955.798 R£%tricted iAxdèle Mttting House Fund Sabbath School Fund Explorers Fund Ben¢volent Fund Specific Gifts Fund Restricted General Fund Road to Recovery 30,515 678 4.R17 L240 29,2LM) 425 4,551 1,297 13131 17491 57 {1.0)} {9681 4,181 26.090 21252 5.994 965) 51,523 5.029 70.334 11.935 2.756 92,025 TOTAL FUNDS I.2.512 45241 Page 15 continued...
FREE CHVRCII OF SCOTLANII STORNOWAY Notes to ¢ht F5n•ncig1 StstemTrtwts- eo4dued f&r the Year EThd 31 Dettmber 2•24 MOVEMEKf IN FUNDS- c•wtinued movemeni in funds irKluded in the above as follows: IncomiNg Resour¢e5 expertded Movement in funds Umreslrnttd hThds Gener&1 fu Desi8nad PlrtY Fund 392,(K12 (385.220) 6.782 411.526 1385220) 26,306 Restrlded funds Laxdsle Meeiing House Fund Sabbaih School Fund Expkjrers Fund Benevoleni Fund Specific Gifts Fund Res¢ricknl General Fw Road to Recovery 13.923) (886) (1.7541 17491 {1.450) 57 112.0551 968 144.3671 21,252 1205) 965} 573 1.005 1.507 13.023 65.619 240 84.575 65.6411) 18.935 TOTALFUNDS 496.101 450.8(rf11 45.241 CfympttIlv for fuw TrdTh5fe bttwtrn funds Ai 31.12.23 Ai 1.1.23 in fuNIs iJnre$triet¢d funds Gen¢r41 fund D¢si8nad Assets Fund [kSilad Prop¢rty Fund 31.769 858.090 89J32 (47,013) 1187] 12,3711 ¥58.090 76,529 979.191 {41,0161 {5.927) 932,248 Resirfeted fumds Laxdale Meeting H(YJ5E Fund Sabbaih Sch(*)l Fund Expiorets Fund Bcncvolcnt Fund Spccifjc Gifis Fund R¢stri¢tcd G¢ncral Fund Road R¢¢overy 3L).824 1.549 4.258 2.J65 (1,129) {511 (2641 (1251 293 ?0.065 820 18201 823 30.515 678 4.817 2,240 (2931 5.397 628 26.090 39.624 24.783 TOTAL FUNDS 16 1.018.B15 3} 1002 582 Poge 16 ¢oniinued...
FREE CHURCH OF SCIYTLAND. sfoRNOWAY Notes to tht FinxTrci81 sl4ttthe- for iht Ye*r Ended 31 tl&ember 2024 MOVEMENf IN FUNiKS- tyntlnued Compardiive movemeni in funts. included in the ave we as follows.. IrkEoming Resources re$wrc ¢xp¢rtd¢d Movemenl in funds unsIr1rtrd fuwds Genernl futsj DLSiW]atcd PropErty Fund 384,721 (431.7341 147,013) 408.952 1449.968) {41.016) RtstAe¢ed funds Laxdaie Meeiin8 House FWMI Sabbath School Fund EKplurer5 Fund Benevoleni Fund Specific GifLs Fund Restricied General Fund Road Recovery 2.688 587 ,753 ,375 10.490 27.0 13.8171 (6381 (2,0171 {1.5} 110.197) 17.0251 59) {1.129) (51) (264) (125) 29J 20,065 50.567 25.7841 24.783 TOTAL FIJNDS 459.519 1475.7521 16.2331 A ¢wrent yfdr 12 months and prioryear 12 month5 combin1 positioTh hs a5 folkpw5.' Ntt ovcmcnl bn fijnds Transf beNeen fund5 At 31.12.24 Ai 1.1.23 Unre$trieted f4nds General knd Designaled Assets Fund De5isnaied PrOY Fund 31.769 85&090 89J32 (40231) 26,622 18.160 858.090 79.541 25J21 35.3051 97Y.191 114,710) (8.68Jl 955,798 LaxdE Meeting House Fund Sabbaih S¢hwl Fwid Expk>rers Fund Benevolent Fund Specific Gifts Fund Restricled GeneTal Fund Road R0very 30,824 1.549 4.258 1365 (2,444) (364) (1.013) (68) 1261 41.317 5.029 820 (7601 1,306 (1.0001 (1.261) 9,578 29.200 425 4.551 628 51.523 8.683 92.025 TOTAL FUNDS 1.018.815 29.1 l.lJ47.823 P•$¢ 17 ¢ontinued...
FREE CHURCH OF SC(YriAN STORYI OWA Y
Not to the Fimneial Stsitmtnts- contiod
for the Year 31 Dtt¢mb¢r 2024
14.
MOVEMENT IPI FUNDS- eo•tl•wed
A current year 12 tnonihs and PrrYear 12 rnonths cornbirted movemeni in furtd& included in the above are
a5 follows:
Incoming
ResDurres
rc50UTCCs cxprThJed
Movemeni
in fund5
Unrtstrirt¢d funds
General fijnd
Desi8naied Propety FUJYJ
776.723
1816.954
182341
140.231
820.471
1835,1881
114,7101
Reslrirtod (ullds
LaxdC Mthin8 House Fund
Sabbath SCI1 Fund
Expk)Ters Fund
Benevolent Fund
Splf¢C Gifis Fund
Restricted Gcncral Fund
Road Recovcry
5296
1.160
2.758
2,882
23.513
92,709
6.4
{7,7401
{1,5241
13,7711
{2.950}
{22.2521
151,3921
1,795}
12,4441
13641
(1.0131
(681
1.261
41.317
5.029
135.142
91.4241
43.718
TOTAL FUNtxs
955 620
926.612}
29.008
RELATED PARTY DISCIA)SURES
Related party trartsaciions are disclosed in ihe Yntsttts. Remutheratiorn and Benefits.
16.
EXPLANATIONOF FIJNDS
Unrestricted
The Genernl Furyj encomSSeS a]1 income and expethJibJre rtjthg to the Primary Activities of the
charity, other ih&n tlTrose for which funding is restricted.
The Designad Assets Fund ]rpresents the Val of ume$ed funds tied up in fixed assds, which WOld 0t
be readily eonvttted into ¢sh.
Thc D¢si8nad Pll>perty Fund rcpresenls a cash balance held for WOFrfy rnainienance.
Resirieted Funds
Thc Laxdalc Meeting Hse fimd rewc%nts all income aThJ cxpendibjrr re1ing th ihe upkLYP of Ihis building.
The Sabbath Schfy)I fund represenis the weekly o)Ikciions. digtribud Eween Chariiablc and ihc
purchase of materiols for the cjasses.
The Exph)rer$ reprewts th¢ wetkly 5thriptions and cwnp fees. di5tributd between tILe c051 of the
group'5 events aTrJ xtivlli and charithble cwse&
The Benevolent Fund represents fv]wJs held to be diStrib¢d * the dis¢rrfion ofthe Trus(ees individuals w]K)
ar¢ going ihrough financial hardship. The Welpin8 Hands. iniiiive is also *lmini5fftd ¢lThigh this fynd.
The Spe¢ifi¢ Gifts Fund rewesents donations we
FREE CHURCH OF SCOTIAND, STORNOWA Y Notes to the FiMnci•l Stsitments- comtiaued for the Yur Ended 31 Detember 2024 16. EXPLANATION OF FUNDS- ¢(•tkned The ROJI to Recovuy Fund rcla5 to a support prD8rammc individuth affectcd by alcohol and addiLlion is5$. Th¢ r¢slri¢ltd fund was utablished in 1123 thro ret¢ipt of fynds from thc We5tcrn l$le5 Presbytery. which pieviously administered the projea. 17. CoNTRIBloN TO CENTRAL FUNDS 2024 2023 General Fund Gmss Ordinary In¢ome 401123 384,197 Ministry LIlS Administraiion levy Fixed albwart¢e (to be rttairted 1 ¢txv&rtgaiion use) (73,1281 (25.8001 64.5501 (18.0601 (24.000 48.2001 Net Ordinary Inwne 238.645 223.937 5LV%1202J - 6•) of NetOrd•nary lcomt- fLY missil Fund 119,323 134,362 DoNatiDns ¥]¢ to F< Churth of Sc4AlaThJ funds 218.251 246.422 L>)llatv)ns are alkKatcd folb)w5: Ministry (f>sts Admilli5trarion l¢vy Mis5th)n Fund 73.128 25,$00 119.323 88.060 24.000 134.362 21¥ 246 422 The abov¢ figures do not take accowil of the xcounls adjuslrn¢nt for Gift Aid due at the yearrKi. the 50gb (2023- 6tr) conknbutiDn to rcntral fon this in¢umE. Page 19
FR££ CHURCH OF SCOTLAND. STORNOWAY for th¢ YeAr ENled JI l>tt¢b¢r 21124 31.12.24 Total funds 31.12.23 Tothl funds Unre5tricknJ ds Restrithd funds INCOME AND ENtKJWMEKrs Donalious and legKi Donations J45.954 M,969 57.112 7293 J8.472 13.136 52,262 18.472 365.771 47204 24.839 Gift aid Granis Benevoleni 8nd Helpin8 Hands J90,92J 84.437 475J60 439.166 Other trding etiwitie5 Magazine income Audio Minisiry irt¢om¢ 954 974 97 954 954 1.071 lllveslmDt ineame Rents received B¥nk accouTht int¢rr5X 17.847 1.802 17.847 1.940 17.652 1.630 13K 19.649 138 19282 T(fvt•l IntomlDg r¢vwrtts 411.526 84.575 496.101 459.519 EXPENDITURE Charit•ble tIvitIeS Was¢s & Honornri Ceniral Funds Road io Recovery Explorer5 Youth felkwship l Youih Club ornoway Free Church CongrewK)nal Fellowship Grants to insiitutions 84226 216J66 IOJ02 94,528 216.366 1,205 1,754 803 75.923 245.587 1205 1,754 503 300 264 59 680 683 8.491 742 9.171 12.817 301.631 22.938 324,569 334.616 sllprt eosts MnaEement Pul1 supply Presbytery & Assembly expen5¢5 C0mUnI0 expeAses and hospita]iry (less donations) M¥42ines Sabbaih School Carried foNaTd 3.179 4.591 3,179 4,594 99X) 5,874 612 1.523 612 1.523 1,946 11.854 861 1,066 9,982 11.854 This pa8e41oes not forni ofihe finaKiai sthtements PaBe 20
FRF,F. CHURCH OF SCOTLAWD, sfoRNOWAY D¢t¥iled S•tew¢nl of Fi0¢1•1 Arliyities for the Yer Ended 31 Deco•ber 21124 31.12.24 T([ nds 31.12.23 Tothl runds furtds Manaigtrnenl Brought Forwatd Gifis for miDisltrs 11,854 619 1.854 932 9.982 313 12.473 313 IL786 9,982 Other Insurdncc, rates & water H¢a¢. light & powcr Repai[¥ artd equipment l elephone Printing? p)sta and Sonery GUra] expenses Gift Ai4 admini51ration fees Accountancy Courses and Conferentts Trdvel and Acc¥)mmodaiiort Free Church carnp contribution Lif¢ a55uranr¢ Ikpr¢¢i81ion of e(pipment 16.284 28.019 15.133 3.229 1041 1.767 1.410 1,872 416 212 1.472 21.049 11,093 17.756 49.068 26,226 3.229 2.143 4,461 1.410 1.872 806 212 1.500 733 19.395 62,173 34,491 3,175 2.]23 4,535 404 1,836 1.290 412 500 620 1112 2.694 39) 733 4.089 113,505 131.154 Total resources expethd 385220 65.640 450.860 475.752 Net {exptndi¢wreYIMoTh¢ 26. 18.935 16.233) This pagedoes noi form pat ofthe finaKial slatents Pa8e21