Scottish Chatity Number: SCOI2425 Easter Ross Peninsula Church of Scotland Trustees, Report and Financial Statements for the year ended 31 December 2024 l+P Innes & Partners Chartered certif Accwntsnts
Easter Ross Peninsula Church of Scotland Contents Page Rep)rt of thc TrustCCS Rert of the Indendent Examiner St•tement of Financial Activities Ststement of Financial Positii)n Notes to the Fitiancial Statements
Easter Ross Peninsula Church of Scotland Report of the Trustees for the year ended 31 December 2024 Th¢ Ttu.%tees are pleased to present iheir report togeiher with the financial sratement5 of the church for Ihe year ended 31 Decernr 2024. Strueture, Governanee and Managemellt Unlon During the eurrent financial year a restrueturing took place via a basis of Union between the following ¢ongreg&tions (all unincoTporated Scottish Chartti¢5).' l. Tain Parish Church 2. Fearn Abbey and Nigg Church of S¢ot12nd 3. Tarbat Parish Church of Scoiland Please note Tain Parish Cliurch is the forinei. naine of Ihis ¢liariry which since the date of the Union lias be¢n known as"E&sler Ro$8 Peninsula Chuich of Scotland" The basis of Unioii ot these coiigregatinns was approved by the Office of Scortish Cliai'iry RCgu1]tOr IOSCR} and the Church of SLUtl¥iid Ipdi'¢i)t chariry - SCOI13531 with an effective Union (merger) date of l Januaiy 2024. As thi5 Union wu& a merger of the congregotions into one continuing congregation the Dierg¢r m¢thod of accounting was deemcd appropriate. This m¢ans the financial statements show the current and cornparariv¢ figures as if the eniiiies have been combined throughout those periods. Not¢5 1 S and 16 of the financial statcmcrtts provides fijrther detdils of the pre-mei'gei. and post-merger Stutemcnt of Financial Activities (SOFA) ¢omponenLs as well as Liie net assets of tlie date of merger which make up the combined figures detailed in ihese financial siatemenis. Re¢rultment and Appolntment ofTrustee8 M¢mb¢rs of rh¢ Kirk S¢ssion ar¢ th¢ ¢hariry tN8tees. The Kirk Session members are ihe elders of the church and are chosen from th05¢ members ot. the church who are considered to have the appropriale gifts and skills. The minister, who is a member of thc Kirk Session. is ele¢i¢d by the congrcxation and inducted by Presbytery. OTgani$4tinnal Structure Th¢ Kirk S¢ssion whiih m¢t three times this year. with other Ad Hoc mtttings as required, and is now responsible for Spiritual and temporal affairs witliin the church. Certain responsibilities &re del¢gat¢d to the Finance Committee and the Property Committee as appropriale. Objectives *nd Ac¢ivi¢ie5 The Church of Scotland is Trinitarian in doctrine. Refornied in tradition and Presbyterian in polity- It ¢X15ts 10 glorify God and lo work for ¢h¢ advancement of Cliri5t's Kingdom throughout the world. As a nationdl Church. it acknowledgcs d distinctive call and duty to bring the ordinanLes of religion to the peopl¢ in ¢v¢ry riSh of Scotland tOUgh a teiYitori81 ministiy. It co-operates with oth¢r Churches in various ecumenical bodies in Scotland and beyond. Fellowship meetings, including refreshments and occasioyjal lunchcs, ¢ontit]ue after Sunday Services, with midweek bible study and prayer meetings, plus fomial studies e.g. Christianity explored. For the young, we have children'5 church, me55y ¢hur¢h, the holiday club in the summer break. A mother and toddlers. group on Tuesday mornings, all are welcome. and the youth group on a Tuesday evening also Op to all. CD ¢vpi¢s of th¢ s¢rviL¢s ar¢ distributed to the ¢ongreg<ion unable to att¢nd. Thc formal community Services on Remembiance Sundky continlles. bring many young people and Y¢tcran5 Page I
Easter Ross Peninsula Church of Scotland Report of the Trustees for the year ended 31 December 2024 Revlew of our Achievement and PerforniAn¢e In January Rev Dr Alasdair Maclcod came to be OUT locum ministCT. We held occasional Sunday aft¢rJJoon Sungs of Praise in the Tain building and weekly Tuesday Gathering in th¢ Tain churcEL hall. On Good Friday w¢ worshipped with other denominations in the Tain Rose Garden. and at an evening seryice in the Fearn mission hall. Ai Harvesi Thanksgiving the s¢rYice wa5 attcnded by all tl]ree congregalion5. We make w¢¢kly delivcries of the Tain donations to the Highland Food Bank. Augmented by Harvest donations from Fearn and Portmahomack. FlnaDd&l Revlew Thc principal source of incom¢ is of course regular offerings, and Gift day, plus the recover&bl¢ tax on gift 8id donations. 2024 Gift aid donations 8nd oi'dinary offerings £29,45912023.. £56,256) a reduclion of ¢irca 48•/.. Gift Day. £4.200 12023.. £3,362) an increase of £838. Tax recovery £6,807 12023.. £17,039). The final gifi aid claim 01. £2,?57 wa8 pdid in March 2025 and is included in a$8eis. Their are 30 persoiis signed up for Gift Aid. The StateTnenr of Financial A¢civi¢ies on page 5 reflects net outgoing resour¢es of £S2,97112023'. net incoming £63,749). Rlsk M)Inagement Th¢ Tw51¢es have assessed the major risks to whicli the chariry is cxp04ed on an ongoing basi5 and have established procedures to mitigY4te those that are identified as a result of these reviews. Re$¢rv¢$ Poll¢y Ir is thepolicy of the church io maintain unrestricted fijnds at a level equating to proximAteLY 6 months unr¢striCicd cxpenditure. The allows sutricieni ndS to enable the ongoing work of the ¢hurch io be maintained. The General Fund vn p4gc 12 at 31 DcccTT]kr 2024 amounted to £61,022 {2023.. £129,960). Reserves held at 31 Dttember 2024 ure below the recommended level 4nd the trnsttts are working 10 in¢r¢as¢ Ih¢m. Total unrestricted. re.stricted and endowment hnds amounied to £471,493 (2023.. £524.464). Reference xnd AdmlnlstrAtlve InlormxtloD These trustecs notcd below wcre members of rhe Kirk Sessions of Tain Parish Church, Fearn Abbey and Ni88 Church of Scoiland and Tarbat Parish ChuTch of Scotland bcfore the Union and bccame Trustees of Ea5tCT Ross P¢nin5ula Church of Scotland ad the date of Union. TruJlees.' B Brine {Suspended January 2024) AF Brass, D Brass. JM Reid. A Rhind {Deceased April 2024) AD Gordon J Maxwell SJ Nicol RS Mackenzie T Mackenzie KC Ma¢k¢nzie S Jack50n (Resigned Ociober 2024) Page 2
aster Ross Peninsula Church of Scotland Report of the Trustees for the year ended 31 December 2024 Reference and Administrative Informltlon (condnued) Principal office bearers.. Minister.. Locum minister Rcv Dr Alasdair Macleod Scssion Clerk-. JM Reid Session Clerk= J Maxwell Session Clerk- D Gordon Church Treasurer.. S Nicol Gift aid Convener.. CA Grove Address.. Queen Sir¢¢t. T8in. IVI 9 IAY Ckarity Number,. SC012425 IndeIld*t EYdminer.- Jonathan N Iniies FCCA. Jnnes & Partncrs Limited, 9 Ardross S(r¢¢t. Inverness, IV3 5NN Bartkers.. Bank of Scotland, Tow¢r Street, Tain, IVI 9 1 DY Trnjtees? Re$pon$lbllltle8 In relAdon to the FIancIal Statementg The members of the kn'rk Sebsiort niust prepare fLnancial statements which giv¢ suffieient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Kirk Session are responsible for keeping proper accounting records which, on request, must rcflecl the financi81 position of the Church at that Lime. This must be done lo ensure IhaL the financial statements comply with the Charitics and TtUsie¢ Inv¢simeni (Scoiland) Act 21K15. the Charities Accounts (Scotland) Regulation5 2006 (as amended). They ar¢ also responsible for safeguarding the assets of the Chur¢h and must take reasonable steps for the prcvcntion andlor d¢t¢¢tion of fraud and other irregulariti&s. Approved by the tte¢S on 26 January 2026 and si ed on tlieir be John Reid Session Clerk Jameg Maxwell Session Clerk Dougl48 Gordon Session Clerk Page 3
Easter Ross Peninsula Church of Scotland Report of the Independenl Examiner for the year ended 31 December 2024 I report on the accounts of the church for the year ended 31 December 2024 whi¢h are set out on pa¥es 5tol5. Respective respoTh8ibilitieJ oftrustees and examiner The charity's trustees arc responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment Iscotland) Act 2005 and the Charities Accounts (Scotland) Rcgulations 2006 (as amended). The charity trustee5 COT]sid¢r that th¢ audit requirement of Rcgulation l 01 l ) {a) to Ic) of the Accounts RegulAtlOll5 does not opply. It is my rcsponsibility to examine the accounts as required under section 4411) (c) of the Act and to state whether parti¢ular matters have come to Iny attention. Bos1$ of Independent ¢xamlner'$ st&tem¢nt My examination is carried out in CordanCe will) Regulation I l of the Accounrs IS¢oilandl Regulations 2006 amend¢dl. An exaTninaiion includes a review of tlie accounting records kept by the charity and a ¢omparison of th¢ a¢couiits pr¢s¢nt¢d with thos¢ records. It also includes conbid¢raiion of any unu.sual items or disclosurcs in thc accounls, and sccks cxplanations from thc Irusiees concerning such m81t¢r5. Th¢ proc¢durc5 underlakcn do nol providc 811 Ilie ¢viden¢¢ iliat would be required in an audit, and consequently I do not express an audit opinion on the view Siven by the accounts. Independent Examlners, Sllement In the course of my examination, no matter hBs come to my attention which givcs me reasonable cause lo believe thai in any material respect the requirements: to keep accountlll8 record5 in 8ccorddi)CC With Section 44{1) (al of the 2005 A¢t ond Regulation 4 of ihc 2W6 Accounts Rcgulations {a5 amended). and to prepare accounts whi¢h accord with the accounting records and comply with Regul&tiOD 8 of the 2006 Accounts Rcgulations las amended) have n(Trt bttn met, or 2. 10 which, in my opinion, attention should be dTawn in order to enable a proper undersianding of the accounts to bc rcached. Jonathan N Innes FCCA Mirmogirtg Diitior Innes & Partner5 Limited Chartered Certified Accountants 9 Ardross Str¢¢t Inveme55 IV3 5NN anuary 2026 l+P Innes & Partners Chartered Certified Acc(wlanls Pag¢ 4
Easter Ross Peninsula of Seotland Statement of Financial Activities for the yeydr ended 31 December 2024 Restgted (nol¢ 181 Cornbincd Total Funds 2[123 Comblned Rt5trftted Endowm¢nt Total Funds FndS Funds 2024 Note Unrutritted Funds Designat Fund5 In¢omt Don&ritsn$ and Legacies Other Trading Aciivities Invcstments 82,730 6.217 1.954 90,9111 .061 83.791 6,650 7,134 97.575 155.755 8,524 16,735 181.D14 433 2.623 3.684 2.557 1.557 Tot1 Income 433 Expendltwre Xaising Funds Charirable Activities T•tl Expemdlture 423 130,241 159,839 347 160,186 160 186 347 Net IncTrmel{expendlturc) before ¥alnsl{lus$ts) on Invejtmenl TrinsftTS between fwndJ 168.9381 433 3.337 2,557 162,6111 50.350 {68.9381 433 3.337 2.557 50,350 Galni on Investment sietJ 6,441 6.874 3.199 5.756 9.6410 152,971) 13 J99 63,749 Net MovethoTrt fn 168.9381 3.337 Retontlllatloh •f Funds Totwl FuDd$ Brollght Fonvard Total Fundj Carrled Forwrd 129.960 72.1172 248.673 73,759 524.464 460,715 I2 946 252010 471493 The abovc aT¢ ¢Otnbitsed riBr¢s. for boih Ihe cutTeni and comparuiive period, which Show the a88re¥ated results of the urtiied con8wg&¢ions Irther dethils of the basis of Union durin¥ the year can be found in Ihc Trust Rwrt). Page 5
Easter Ross Peninsula Church of Scotland Statement of Financial Position at 31 December 2024 RES¢•ted Ino1¢ 18) Comblned Total Fund$ 2023 Combined Restrleted EndovThcTht Total Fund5 Fund5 Funds 2024 Note Uhréitrleted Funds DeslgTrated Funds Flxed A5$et5 Investments 44,816 44,816 116,007 116.007 106,367 106J67 TDtal Flyed Asset5 71.191 Current Assets Debrors Ca$h at BaDk and in Hwnd 2,258 66,660 68,9)8 2.258 361,124 363 J82 9.652 412,122 411.774 7,755 7.755 252,010 252,010 34.699 34.699 Tot•1 CUrt A$seLI Creditor5 fslliN8 duc within on¢ ycor Ntt Current A$8¢tsllLlbIlltl¢$l io 7,896 355,486 7.677 418,OY7 61,1122 7,755 Z52.1110 34.699 Tol41 AJaet$ lesi Current Ll4bllltlt$ 61,022 78,946 252,010 79.515 471.493 524,464 Net Asseti li 61,022 252 010 79,515 471,493 524 464 The Funds of the Chirlty Endowrnent Funds Rcskncted Funds Desi8naled Funds Unrestricted Funds 79,515 79.515 252,01 D 78,946 61.022 471493 73,759 248,673 72,072 129,960 524.464 252.010 78.946 61.022 Total Chrlty Fundj 12 252 0111 The above ¢ ¢ombined fjgures, for boih the currtni and comparative period which show the 888re8aied results of th¢ urtiied coii¥rcgalions. Th¢ note5 ai pa¥eE 7 10 15 fornJ p8rt ol'di¢s¢ loUntS Approvd by Il* ¢rusie¢$ 0# 26 J 2026 uii Ilieir bchalf by.. John ¢ld Se5$1•n Clerk James Maiwell Se$slon Clerk Dougl4J Gordon SesJlon Clerk Pag¢ 6
Easter Ross Peninsula Church of Scotland Notes to the Financial Statements lor the year ended 31 December 2024 l. Accounting Policies Ba.fl.Y n )uiwlioii aiidA.fs¢J.Yspll¥iil Gniii Conc'eni Thc charity constitutes a public bcncfit cntity 8s dElined by FRS 102. The financial slalemcnts have been prepared in accordance with Accounting and Reporting by Charities.. Statement of RecomTnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Rcpublic of Ireland i.5sued in October 2019. Ihc FinJn¢iJl Reporting Siandard applieable in the United Kingdom and Republic of Ircland {FRS 102}. the Charities and Trustee Investment IS¢otland) Act 2005, the Charities A¢counts Iscotland) Regulations 2006 las amended). and UK Generally Accepled A¢counting Practice. The financial statements are prepred on a going ¢onc¢rn by5is under the historical Cost convention, witli it¢In5 1'¢oognis¢d ar ¢ost or transaciion value unless other stated in the relevani note to iliese accounts. The finaiicial stalemeii15 arc p1¢5¢111cd iii sl¢rlin8 which is the functional currency of the harity aiid rounded to ihe iieaiest £. The charity meets the definition of Y4 public benefiL enuty under FRS 102. Merger a¢¢ounting has b¢¢n applied io Fcarn Abbey and Nigg Church of Scotlynd and TaTbat Parish Churcli of ScotI4d which were Unir¢d into Easter Ross Peninsula Church of Scotland. The basis ofunion of these congregation5 wa5 approved by Llie Office ofscoit15h Cliarity Regulator IOSCR) and rhc Church of Scotland (parent charity - SCOI 1353) with an effective Union {merger) date of l January 2024. As ihis Union was a merger ofthe Longre¥ations intu onc continuing con8regation the merger method of a¢counlin&¥ Wllb deemed appropriate. This means the financial statements show thc current and comparative figurcs as if tlic entilics have bttn combincd. The accounting policies of both Fearn Abbcy and Nigg Church of Scotland and Tarbai Parish Church of Scotland w¢r¢ previously aligned and consequently there has been no need to modify any existing accouniing policies in consolidalinbT Ihc United congregation, othei than restatin8 from receipts and payment% basis as appropriate. Unrestricted fidS can be u8ed for any purpose which meets the objectives of the Church. Within this caiegory the Trnstees may designate funds lor specific putyoses and these are highligliied in th¢ fin4nci41 slal¢m¢n15 46 D¢5lltnql¢d FunQ5. Restricted funds are those which ean be disbursed only for Purposes set by the donor or the tenns of tlie appeal und¢r which they were rais¢(L Endowment fund5 are funds which have been given on th¢ condition that the original cJpital sutn is not reduced, but the income is used for the purpose defined in accordance wilh the objects of the charity. iconie Rec All voluntary income and bank inferest is accounted for on an ac¢rnAis basis which pra¢ti¢ally means when received. Income tax recoveri&s on Gift Aid are accounted for on an accnjals basis. Grats which air not conditional on the delivery of a specific perforniance by the charity, are recognised when the charity becomes unconditionally entitled its th¢ grant. Page 7
Easter Ross Peninsula Church of Scotland Notes to the Financial Statements for the year ended 31 December 2024 Aceountlng Pollcles (cohtlnued) ¥ndiluie REca iiitF017 Expenditure is r¢¢ogni&¢d on an ac¢rnals basis when a liability 18 incurred. and ilors r Ibl tti. DcbtOTS and creditors reccivablc or payablc withiii one year are recorded at transa¢¢ion price. Cliarilublv Aclivifies Charitable expenditure cornprises grants Inade. governance costs and support costs as shown in the FuedA.F.sei InvE.Tfmenls Fixed asset irtvestm¢nls are siatcd ai marker value at the balance sheet date. Unrealised gains and losses represent thc differcnLc bctwcen tliL mai'kel valiic &1 lh¢ b¢gini)ing and end of the fillan¢ial year oi., if PLU'ch#sed in the year. the difterence benveen c05t and market value at the end of the year. Reali,%ed 8Ains and losses represent the difference between the proc¢ed5 ou dispo1 and the market value at the slart of thc year or c051 if purcha5¢d in th¢ year. 2. Relgted Party Tran8gctlon8 And Tru5tee5' Expenses and Remuneratlon Thc trustees did noi r¢¢eiv¢ any remuneration or expenses for their services in the y¢ar (2023.. £nil). in their capaciry as Trustees. Pag¢ 8
aster ROM Peninsula Chur¢h of S¢odand I¥e9 to the FIDantlal Statements for the year ended 31 D¢c¢rnber 2024 kE¥ixtnd mblwEd T•ll 3. $14iiIDtH¢ofFlniTrdai f•r Ltyr•relldEd31 DeceTrber2Q23 NotE DulEth•tEd Restrlcted EAdowmint F¥N 2023 Lcyrics otherTf4lttK Acfftwlics 15425$ 7.965 559 1.524 3.926 lknjsing Funds L)Larilable AcliviliE 42) 94.n97 423 IJOJ41 130.664 11.890 49$ 33.8YO 1.759 Ntf hEDmEUEYPtnrfltyr¢lb¢fw OTr INvWl11IS IZ8.4fA) 5D.3S0 TriniThri bt¢FIEeTh fu# 55.J54 1154th081 144,$72 6.968 50.)50 Ntl MovEm¢fil In Funds 1.6R7 9.098 é3.749 Att[11Dn dFun Tw1 F¥Trds Brouxhr Favwlrd Tolil Crrfd Forffird 7.J¥5 148.67J 914A64 RLryt¥l( Cofftliln 4. Don01•411 Lry¢l ComblAid kntrtcd Fu•di Fu•di 14 2023 IA Ik1 Donitions TixRcLxWcicd Oifi old 0InryOff0n¥1opPl1lCI N&lioMI Oift Dlly leg1(4¢AL% OdirrOffcrirty.TJon411M¥ ¢t¢ 10185 6.807 39,935 6.807 J.3fi2 08.obj 11,960 JJ,J04 11.96Q 155,7 Don•11D UnreilTIEied Dullhqi Funds Rultted E•d•&t TOMI F•Tr 39,935 17,039 39,935 Ta7 RcrOV¢Tc4¢n lid DOTIO OrdInoITCIlIv (OP Pl•lr) N411onJl Gift Dlly 3,361 htroffthw Doniiion•¢t¢ IJS755 Rtttit tomb5Dtd T¥il Fup 2011 OlherTr*dTn8 A¢tlwM CDN4Jkn L'ArtstFl¢d Funth 2•U (khErin¢omE- Dl¥al¢dFUn Ren1 olPremi Life & Work p>en1¥ RE1uld Pulpil Supply WeddinBs & Fun¢rnls 1JkttRefnd]n¢Orne 43J 433 425 410 559 35 425 420 559 4.IfM) 2.E46 2.650 2.722 2.650 2,722 Page 9
Epster Ross Penlngula Church nf S¢tInd Note5 10 the Fln4ntlil Sixtements for ihe Ye ended 31 Dettmbtt 1024 RtttEd ComblTrEd EThdDTMnI Ta(¥lFu•d & Uth¢r TradKrotilcoNtiue-cDPal1¥ UThrL¥lric(th4 FuRd5 Ikrfgn8 FiThds 2ts23 herinr(ffle-Desied Fund Rthwl ofPttmi$es rc& Work R¢mJE$ed Pulpirsupply W¢thJillXS& Funcrn15 LhhErR¢fund Incom 55Y 559 350 280 389 4.1(M) 2.X46 350 280 389 4,100 2,k46 7.965 ComW•Ed T•t91 UhrE%trftted tltd T&iAI Fyn4 FTrds Funds 202J rwKTiitErEI¢ ve&triienl 4.784 ryJ50 745 1,1fi4 7.134 Resittd Comblntd T7 Fnl 2013 16.7JS Unmtrlcf FMTrds Del4ni FNd1 Ftsd tkpcsi¢ kniertii Inv¢$imenl Income 502 ,47 2.?17 RLt¢ cb1ca R8Mrf¢led Ehth)wmt#¢ Ttsr41 Fun41 1024 D•ilinithd Fundb 747fil i•iJ Fu Oll¢rinocn¥elopE 42) C&irlt•bleEw•diMre fjIVirt¥ iofJFW AII(4uoA Pr(bcu'5 29.J?J 2J 1.62 ?9.5?3 lJ6J 54$ 4,71 4.760 Fbri¢TePJ11& mllin[en oiliw bu11¢JiK¥rO* Council TLK 13.671 9.421 207 10.802 9.421 207 12.949 8.812 Clc4ntT Chuity¢k)Mtio Chth01r&t¢Cn0N 1.09J 347 1.44Q 304 JIJ 657 OihETLwnsti- & WwklSuyplieJ hei L¢ryT[nThed Odicr¢xpcn&ci- DtsiythlrAI lfidwenthniEx&minail( 378 J?1 .956 77.956 495 1544 7.324 7J24 347 Totil 151 317 13•.604 P4c l•
Kasier Ross Penlnsula Church of Seorland Noteg to tbt FRn4n¢iAI Stalemenis for Ihe ytar tndtd 31 Det¢mbtr 2024 UnrE5trfdwl Funds Rmirftttd tndowm¢Thi Tot Fvnd5 F¥nO5 otr¢Nn8 EDv¢lwes 423 413 423 Cb•rfjtxts E%ptTrd4¥r• Vjns [YAllal]U Pr(5bryd Minisl¢r'JtxpeTrst¥ 26.378 33.890 60.468 545 545 Mini$ry& MiJNDnallocion Pulpil Supply rcp41&1intnIl7c Olhrrb11dlfi1ts CoLi1 T H¢DI& 13fv72 12,¥4¥ 7.786 7,7¥6 Chirity thurw'h Dlllc¢exrn%p P14 Qilirrcxpense%. Lits & W01$111¢1 OdiertxpEniEI Ollier cxp-ntsEI- Dc5illnitcd TnJS¢Fund irnnjlèr Jn4 J2$ 657 2.241 A57 4.wo 495 49$ 2.544 2.544 495 T1 JJ.I s9 coji liive not bEtn ideThlilied wiiet¥ Lunsidei Ihlll Ilierm li only OThE chonlable 4ctivity. fii¢refuYt iuppon trl1trwho1lywth irliVirythdh¥V¢ i¢PWui¢lyid¢niifi¢d. 1014 2•13 Mirkct 1< o¥ Li 114nLWry Z024 Additi¢nJ rJixpuuk¥ in invtttsncilL% M&thrt Viluc45 It JI Drttrtht2014 IOSJ07 loo, 122J471 C4 oflnveitmtsili I1 Th¢folloln¥iA%MmthU•rn htk1'. Groyrth Fund Income Fund CortsDlid•i¢dF4bri4 Fund M&G Ch4rifvnd 19,635 8.784 9.42J lofj 167 Incwed iii InvrlThen15wU£IIO,7, ofthirh £nll12D2J..£nillwu8exl,£7l,l9ll2023.. £04,750)w&&1d £44,¥10(2023.. £4I,6171 WAE RHi*l •. ulDcbthrd Tatil Rebtrfrd Fun 2024 202J QihErdeblotJ 2,258 2.258 9.652 I An•ly%lb ol<orrentknbUlthes lo•itsrneredll•ri Rtslrf£¢ed Fisds 2024 Fullds Funds ZO23 DuewlthlN l yeAT Accraols aThId0f(Tr Income Oth¢i Crtduo 7.896 Pwll
Ea5ttr Ross Peninsula CILurth of StOilAthd Nott% to the FIDancial Stat¢JDeDt5 fvr the ytgr ¢nd¢d JI Deetmber 2024 11. ATh¥lysli tsfNtt FvTrdi TotAI Funds 2024 RcMrlrt¢d ETrOowwit Fulld¥ Fu• FuNdJ Inva51mentJ .816 34.699 7.755 36J.382 N+iA51eMai ai Ji DEcebeT?•14 7K.946 79 252.OJO 19 R•s¢•t4d Toll Fund Dedgngt¢d Rttrltted FvNd¢ Fuffldi InVtren1S CwrreaiA$&ets Currcni Lill11¢$ 64.750 IL.367 133h37 248.673 13th771 Ntt it 31 Dxrnbir1013 IZ•.9 24¥.07J 12. Mwmtntln F4ndb lThromlni Ou¢¥glni RQr¢ G41D 01124 TrAnitEn EndrWmEni Inve6iiN'nL4-M&O,GrovAh Inctsmè TN51 fund A¢4QLlhll J l. R4nki IAty Ann Sowllrt nd fDTihtPoot 44.816 9,014 7,650 lJ64 R•thetA FuThdi Resme Fund Chri&li&n LilQT4DJrt Orafjn Fund Fur PwnyFitri¢ Fun PourFund Con¥&tion purpo Fund RtpiirA Fund IFc#rn Abbtyl Ildin¥ Fund 253 790 5.099 54 ,¥U5 19,6SQ 544 10,349 173.030 J47 U•rnMrkid Fundi fjtoer 129,960 115¥,8391 61.022 449 4.1(Xl 449 4.623 Chilthrnm Church Fund Youth EthJEI0nFud F*bric Fund Inv¢simEn¢Fynd 413 2.372 64.750 72 433 6341 éA41 71,146 LJY.¥68 212 91J34 T¢l#IFu 9.61Q P4EE I?
E4sitr Ros5 PcNlnsuTa Church of Seoiland
Noles to the Flnncial Siitenbents for ihe year endtd 31 December 2024
RE5tAted
IncoThkn%
1.01.2023
Tt4nsfTI
Fundj
39.417
FwidAcw1
l Lkankin
LadyAnn 5wffiFrJJ lh¢ Po
5.950
7,650
22.nn¥
803
2n
tttstrlrtsd Fnd•
RcrYt Fuiid
Christian LitcralureFllr
nryn Fund
FubriL
Pwy Pahi¢ Fun
Pwr Fund
1120001
iJuo
i Jth)
4,675
27.572
Pu[pS
Re1[Fnd (Feitn AW)
876
930
9I05
29.650
28.720
LnrutvS£id Fnd1
2M4.Sh
IW i3UI
129.W
owcr
fjuill FuDd
Cbildrm'l Church Fund
YAth Edw•llM FuThd
Fabric Fund
Inv¢&InniFund
385
4.190
4.19)
2.372
64.7YO
71.072
102.082
53N81
11,269
4Y5
TDl&l Fund
400 713
130.661
FKnd Purposu..
Ivi'y¢{RJ¢JiL¥ Fua¢l-M&G.GroMtyli & IN¢omerepttionl$ invfftEnluheld chth ofSCoLtsndid M&a EquIii(IritsJ
TiiLriFviid.4ccTruiJrFiiiid f¢pi¢ll1% fvnd& h¢ld 16¢w&i¢o¢
Easter R05s Penlnsul Chllrth of Setsiland
Notes to the FthaDclal StaleuLeDts for the year tnded 31 Dettmber 2024
Totsl
20
202J
PLUsnd
YMCA
Bnlish iL8i
ThekferchaniNI
WyclilYBiblc
EAU
HIld
TrFuThd
Open DOWS
S¢1$h Bibl¢ &)¢1
347
70D
33
Jfm)
280
J60
250
250
1.863
14. VDliulEOr+
In LLWnllbDn With ull ¢¢ny¢yfiOrts orth¢ Chw¢h of5¢oilwid th¢ t¢41¢fits fttsm IhL LyMillltrArtiQn e byvDlunlccts who Wvr
th¢il lime ottd thlEnlsw1llinY fw the benefit oftho church..fhceaO1'C0nAgIIIuI Iilp whiL rely un thttn¢lM tsfYolunl¢erBwE
fflQnYnd vtsied4hd muth I1vIvuldb¢W¢ hl COllUnY¢WW¢ li Iio¢fvrth¢¢omnMim¢nl shryn.
IS. Moryr•¢thMTrtlNI- •nylyth•fpthdpl SOFA farihe repntA¢Prfod
Chadty B
Ch¥dty C
Tuthl IncLE
Tuwl ¢xpefidi¢uTe
ly¢theXp¢itu1¢l
1¥.640
iJo.o
14,954
63.749
Ai the mery¢d 41 114nuqry2024 themw no dI•¢trJqUlred for lh¢ W5110f50FAc0Mpw¢nth 4nd pvi rwtrniryer
the
Eayltr Ross Peninsula Church of Scotland Notey to the Flllancial Statement5 fur the yer ended JI Décémbtr 2024 C•Wr U¢5&¢t1d D11# Fu•th Nok F5 Fuhd IlolinLe45 Q¢ JI t¢¢inbw 2D?JlJsprevi¢uslysT•i¢di Rrmtiwdl ofirttstrrc( dcbujr JncDnitr Includcd ID dcbto lllcomEntsl pr¢viou&lyincluthd lil¢[u&l$ Expenses inc1uda in othErcredil 391.004 116.7031 9.652 7J22 73,759 533,635 11(1031 1.087 {6961 IA 390 13WI 13901 ofre4WKled fijnds Re&lltIl1feliWu h]nd& 173M36 164.7501 113,OD)I 04.75D I310 TThfiiferwted incoyne &rApens T1SfcTIre1tlA& intomt & RovoThl ofintomt REvErylll ¢finLtsme 15.9501 5.950 5.950 7271 14¥.073 73.759 $14.4$5 Thttic £16.7D3 ivl1ud u 4 w11n# iy Ir#nfrr w Ihe uiiion in rh¢ piiljl the pr ¢nd¢d )1 DeMbEr 2Q23. hDwcvcr ihix thould not hivc be<n i aAd the¢ve hus in ihAI PL11. Thli adjul¢Trrthi in i d¢crc•w In¢rtnie llnd in l11¢rrI0d £9.652 hu benn brnu¥hi in gift llid dEbr which WAS lio¢ Prtv1IY prnvidEd for. This ruultcd lff an illCTCUE lo lion Th¢ Depu&il fur Tthal Prtrih Cbur4h &"ullund ID IhF PDtsI YW. iu An jU¢Ir£l,081 h bccn mlldr 1441rt$1 incomewbhn¥ Ihii In.TniS rttsuli¢d In thn inCfLllSi 10 InrDm¢ind n¢1 I80fth¢ ¢hJThiy. d withérnwn iobt iowaKd% Iht byildiw A wwsfLY be¢n iM¢lud¢d Itorn IhtQtffleNI FuThd lo lh¢ kLytr1cd BKildifiB Fund furL17J.030.ThiS¢pnsfei hii h4d n¢ltty¢ior Ih¢ OVtr411 Iurplusorncl4lbtsfEht Crity. AsTwb41 nih ChuTrli ufSioU4nd p[¢pedTr Rrroipad io brini In th¢ Irknptndl EAuminlliion4(cru fnr2013. llii4knTewlied In an IncreJMi lo txpemei io nol ofilie chLrttyofk696. An IdiubmKftltsETh mDdE for£2Jl I tobriniift li irtVOKudCrtdil0m rEth(in8 10 202). Thii in¢¢MPeulndth<MIKd Ihcntl Iii¢Lioftho Lhlrily. An lublInEIrÉj90lO inrome4ndexper hm bcen lE forihe Independellt TrinDt10n fre bE pld perO11y. 1ndihernfej bvrii Ild u adol.Thl% hu InCTe¢d 117 in£offleyJid ¢xpEn. bui 111 IwoveNII effecl the 1%¢11. bi the pn0rJy hiv¢En o1'£64.7SO wEiclUdd VD¢rxl lunds, hoWer lltr4nbterhM bdL loLOve Ibnd. Th&sh4cedfj nil effei the0CLI cbo)7ty. £13.OOOYclatilli lo& Fibrbc Oopoxil wis pmryoudy included in %enttl thnd, Irar4f¢r deto•ho ihNi rttln¢itd thnd Irnn&(erlihXdnQef[ttLth1 IhoverAII n¢1th$VrIC ehlnry Th¢ prirf SW In¥lude4 iR¥¢m¢ r¥Ptra of £$.9$ howtw il reliT4b tv i Ir4nifei ber¢¢ fatsd6. U.950 h41 btrn fwm incorno li¢kiod4l•titsT<r berwcrn funth 1njt<. Thii reiulicl in inil cffLYtits Ihc nelts1S ol'th¢ ¢birfry. An udJ51rt174i LYen modeio rKiLY>Y4r I11ment Wiilidrnwals of£17.187duE lodiraouts rthy bEen prEporrd an Thii been rEVttxd llpinJl inLym¢ #n¢Jop¢riTh4 r¢rV<s*n th¢r¢fur¢ i¥no¢tr¢cl lu thciwer&ll nel abs¢l&ufthE ¢hwty. Pa¢t 15