INVERNESS TRINITY CHURCH OF SCOTLAND UNAUDITED FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 CHARITY NUMBER: SC016432 CONGREGATIONAL NUMBER: 372148
INVERNESS TRINITY CHURCH OF SCOTLAND CONTENTS Page Officers and admsors Trustees. rewl 2106 Independent examin*s report Sialemenl ol financial activib.es Sialemenl of financial position Notes to tho finanoa statements 101025
INVERNESS TRINITY CHURCH OF SCOTLAND OFFICERS AND ADVISORS: Tr.1? peg. Pnncipai addr•••: Hunlly Placg Invemess IV3 8HA Congregatlon Rel¢r¢n¢• Numb•r 372148 Scottl•h Chartty Numb•r. SC015432 Bankern: Royal Bank of Scoliand P Hasbour Road Invemess IV1 1NU er A7pIs Ml.dil .)arv cas 10 Ardross Street Invemess IV3 5NS
INVERNESS TRINITY CHURCH OF SCOTLAND TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The irustees present thwr reFMxt with the Indep&vJenl Examinerfs Report of the Charity for year ended 31 December 2021. Obbectives and actlvltks The charity's objects are the advancement of reliOn through worship services and oulreaeh to trte local communrty aTrJ parish. The charity achieves these objects by providing access lo facilities and holding ldraiSing events. Achlevements and Perforniance Charltable actlvltl¢s The Church of Scotland is Triritarian in dcrttrine. refofmed in tradition &)d presbyteri in polity. 11 exists lo glority God and lo work lor the advancernenl of Christ's kn"ngdom Ihroughout the worfd. As a National Church, rt acknowledges a dislinth've call and duty to bnng the ordinances of religion to the people in every parish ol Scotland through a territonal ministy- 11 co-operates with other Churchgs in variou$ ecumenical both'es in Seand and beyond. The Kirk session has oversight of the whole lrfe and service of the Church within its Parish. responsibility the spirilual and temporal oversight ol the congregation's affairs. Ils spintU81 respon&bilily Involves 'leader5ttip, nurtunng the 5Pirituality of Ihe congregation and its members. caring lor the spintual weware ol the parish and parishioners. encouraging members lo participate in tho worsh'p and life of the congregalicn, and promots.ng mis$icffi and evangelism in the parish." Much of this work has been devc4ved lo the Teams which have a membership of both elders and people from the congregation and community. The Ministy teams meet regularfy. record the busines5 of their meetsngs and deasions taken and rep1 lo each 'r SessIc meebng with the Coordinating Group ensuring good communicalion beeen the Teams. The teams are.. Pastoral Care Team Finance Team Fabric Team Fundraising Team Oue lo a deasion of Invgmess Presbytery lowar(15 the end Lrf 220 Ihework of Trinity Church Nomination Committee was lemkNNarily ceased was unable to progress the seareh for a new minister. Unlortunatdy, this deasion was superseded by the Church of Scoland in May 2021 when the General Assembly decided to sisl all vacant churches in Scouand until further notice. All Presbyterses were also instructed lo conduct an urgent Mission PlanniThJ Exera5e as the Chch of ScoUand Is required lo reduce the number of ministers due lo financial conslrainls. Invemess Pr8sbylery commenced this exercise in October 2021. The MisSn Planning Exeruses musl be cc¢nF4eled by Dernber 2022. Due to the Coronawrus Pandemic and under Govemment RegatsOng. InvemÈss Tllnity Church along with ai other churches. had lo remain dosed. Due to easing in the COVID Guidelines in March 2021 it was decided that Tnnrty Church should reopen Ircffl 4th 2021. The numbers attending church had lo be restncted due to the adwce oflhe COVID Guiddines. The numbers allowed lo attend Trinity Church was calculated lo be 44 with 8 b¢)oking system Introduced for Track and Traung purposes. The Worship Services at Trinity Church a being held al 11.C am every SdaY according lo govemment guidelines. Communion Services will be held at 11.008m when the guiddines pemiit. Invemess Chnslian Fellowship hire the use of the Church Sunday aftemoons in a month. This arrangement commenced in April 2021. A Joint Church Service with Invemess Chnst18n Fellowship was hdd al Christm8S. Youth aclrvities restarted in October according to uwidelines. Youih activ¢lies involve weekly meetings of the Girfs, Brigade WI must meet accordirKJ to COVID Guiddine restn"ctions. The Boys, Bngade did not restart due to operab'onal drfficullies. At present lhe is no Kidzone as there a no young people or teenagers attending and no Crèche. No social events have been held due lo COVID Guideline restrictions.
INVERNESS TRINITY CHURCH OF SCOTLAND TRUSTEES, REPORT- ICONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 Achlevefflents and PerfornHnce The Guild meetings have also ceased due to the Coronawnjs Lockdown. The Guild nomially meets fcrtnightly on a Tuesday which indudes open evenings and events. Trinity Ladies Soual Group meeb.ngs have also ceased due lo the Coronavirus Lockdown. The group normally meets once a month on a dneSdaY. The Fundraising Team were not at4e to hold any events due lo COVID GuideFine restn'cts'ons. The Fundrai&ng Team intend lo continue events when the Coronavirus restiictions are removed. Trinrty Churth is a Fairtr8de Church and promotes Fairtrade. Unftylunately, due to COVID Guidelinè reslnctions there was no sdling 01 Fair-Trade goods. Some COMMlty Activibes have restarted according to the$ in the COVIO Re9ulalionJ. Groups that have restarted are Alcohdics Anonymous who meet lce weeldy and Gamblers Anonym¢xJs. The Fencing group and Karale dub meet weekly under COVID Guidelines. The Halls are also used for Nats"onal Music Exam5 twice a year wlwch have been pknle to meet under COVID Guidelines. Nomal Community activities invthng local ganISa.(s h8Vg not been lo restart {e. g. Fuchsia Soaety. Invemess Arts Souely. Highland Dancing Classes. Family Functions, Children's Parties, IL.G.O.W.l.T.I 'Lel's Get on Wth It Together, helyng people to retum to work after illness. The'lnvemess Sooal Senlor Tea Dance, and U3A- Bndge d8ssesl. Churth of Scodand Cross Reach CosellIng Serwces to service the needs of ycwng people in the community has been unot4e to restart. Royal Bn"lish Legion Scotland have not been able lo use tho halls for ththr Annual Area Meeting SLqndard 8eanng Competslion. Trinity church has a 16-sealer minibus whith has been unat4e lo be used due lo COVID Re5tn'ctions. The maintenance. serwang and running costs of the Minibus are met church funds. The Children's & Family Wcrtkerwill not be rtylaced unlil a nwi minister is appoinlad. During 2021 major latn'c works were carried oth as tr*¢ resLII of a Professional Swvey, n8mely 8 rnajor repair lo the Boiler H¢JJse roof and Ihe in51aNalion of a Fire Alami Syst. The manse 1$ now let out as frcm 9th Oecember 2020. The irKome from this is paid direct lo the Church of Scotland Trustees. However. we can claim some of the income to cover Quf costs in relation to the Church buildings. Due to the General ASseMY decision in May 2021 to sist all vacant churche$ in Scotland have resulted in emergency fabric w(¥k lo be c8rried
INVERNESS TRINITY CHURCH OF SCOTLAND TRUSTEES. REPORT- (CONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 Volunteers We would like to 8d(nuwledge the valuable ContritmA"c frcrfn our dedicated and har¢tsc¥king volunteers. Flnanclal Revlew The principal source of available income is generated through the weekly offering from the Open Plate, Gift Aid. and Free Wll Offering. which shcthed a ¢Jecrease of £70 compared to the previous year. Cash donats'ons increased from £1,883 to £2,139 being an increase of £2&S. are Iruty grateful for the continued finanaal supyort from our coThJregation. Overall expenditure this year decreased by £37.973. The maln areas Ihal decTrased were repairs by £22.631. Prior year included major works to the manse pnor lo letting out and the halls up lo standard for health and salety. Locum fees by £3,663. The Inlenm Moderator agre&1 lo not do as many services with the Kifk Session taking mosl of the Serwces in 2021. Mission and Ministnes contribubon5 by £10,S76. This reducticn was because ofthe Church b"n9 N) ¥nCY and our contn"bution being reduced ac¢ordingly. Re8er•es pollcy The tharity trustees have considered the reserves requK8d 8ThJ haNp ¢onsid8reeJ their current and futu liabilities. 11 Is the Trustees. policy to hcAd reserves of 34 months expenditure. Al the year end the Church held unrestricted funds of £51.323 of which £10.645 had been d85ignaled for fabnc fvnd and £2,166 for other speafic ongoing activities lyouth work. benevolenl giving. choir music. flowers for the sick and social ath'viliesl. The femainin9 balance of £38,512 represents aL¥)ul len m(lIhS expenditure. Trnslees are satisfied Ihat lo hdd more in reserves is tho PnKlenl approach be¢ause of the un¢8rtainly ol when lh8 Church will fully reopen. The ehureh also hold$ £24.981 of reslricted furyjs whKh have wovid8d for the purp)$e$ specified in Note 27. Golng ¢onc¢Tn As a result ol ongoing offerings and donatiL$ the Trustees believe they have enough funds in the year ahead to meet the chty,$ commitments.
INVERNESS TRINITY CHURCH OF SCOTLAND TRUSTEE'S REPORT- ICONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 Futurn Due lo a deosion of Church of S¢oiiand in May 2021 when the General Assembly decid8d to sisl all vacant thurehe$ in Scouand until further nob.ce arKI the subsequent instructson to Presbyteries to conduct a Mission Planning Exeruse. The outcome of the Presbytery Mission Planning Exercise is CuentlY a tkaft Discussion Document for discussion with Kir Session OLrtcome WAI nol be CL)nfimed until Decfjmber 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document Our Church is administered in accordance with the lems of a Ur#tary Constitubon. As this CL)nslilulion does not have a CorrfJregalional Board in rts Structrjre the Congregatnal Board was dissolved All th8 appointed members w8Tr lIeVed of their posrtions. These peCY are now members of the Minigty Team Structure. Recrultment and appolntmont of new trustees Membws of the Kirk Session are the Chty Twslees. Th8 Kith Session members are the elders of the ¢hurch and are chosen from those members of the churth who are considered to have the appropriate gifts and skills. The minister, who is a member ol the Kirt Session, 15 elected by the conwabon aTh inducted by Presbytery. The Mini$lry Tg•ms are appc4'nt&J from within Iho contyg3aiion 8ThJ the c4)mmunlty and ar& peop who h8v& an inler¢$lrnare for the work of tha Pastoral Care Team, Finance T88m. Fabn'c Team and Fundraising Team. The Team Leaders report to th8 Ktrk Sassn as slanth'ng agwKla reports requlre and raise Items for discussion and approval. Organls•tlonal •tructUf• The Kirk Session is chaired by th8 nister and moets fNe limes in 8 year. Day to aay rfrsponsibilitses is delegated lo the Ministry Teams as appwale. The Kirk Session which meets five limes a year has oversight ol Ihe whole life and service of the Churth wilhin its Parish with responsibility and deOn makn'ng for the spiritual temporal oversight of the Congregation's affairs. RISK MANAGEMENT Prfnclpal rfsks and uncert4lntl•s The Tnjslees are aware of Ihe risks wrth the de¢re8$8 in tJonalK>ns because of the Closing of the church du¢ lo the Coronavirus Lockd(yNn. Th8 Kirk Session intends to Pfomole Stewardship wrth the congregation when the COVID-19 restrictions allow reopeniro of the ¢hur¢h, and the congregation can attend worship. A special aFpeal was made lo the ¢ongreWion in MaylJune 202110 try lo increase the giving and offerings so that the L*urth could rneel its expendite ujmmrtmenls. Th8 congregabon did reswnd. and the churth was at4e to meet its exp6rKlilure commitments for 2021. Appoinbng 8 nw minister is prowng lo be a major thallenge due to tts lack of available ministers. Anolhw polenthal nsk is Its increasing average age of the cregatiOn.
INVERNESS TRINITY CHURCH OF SCOTLAND TRUSTEES. REPORT- ICONTDI FOR THE YEAR ENDED 31 DECEMBER 2021 REFERENCE AND AOMINISTRATIVE DETAILS These details are summaris&J on page 1. STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees are responsible prepariThJ the Trustee5' report and the finartial slalemenls in aOrdanCe wrth applicable law and United Kingdom Accounts"ng Siandards Iuniled Kingdom Generally Accepted Acccljnts'ng PractiC8). The law apleable lo charities in Scotland, Ihe Chanlies TnJslee Inv8stment Iscottandl Act 2005, and the Charities Accounts (Scollandl Regulations la5 amended} quireS the Iruslees to prepare finanryal siatemenls for each financial year which give a true and fair wew of the slate of affairs of tho charity and of the income and expenditure. of the chanty for tlpt period. In prepanng those finala1 statements. the trustees are required to select suil•le accoL)tiiYJ pdiaes and then apply them ccnsislently. observe Ihe methods and principlgs in thg Chanty SORP.. make judgements and eslimales Ihal are reasonable and prudent". and prepare th6 financial slalements on Ihe going concem ba&s unless il Is InarOpriate lo presume that Ihe chanty will C111n8 In IsInesS The Trustees are responsib for kwng adequat• a¢0)b.rd reoy(l$ tr are sufficient lo show aTr explain the charity's transactions and disdose wlh reasonat4e accuracy at any time the financial positson of the charity and enable them lo ensure that the financial staleThnts comply wilh the Chantie$ and Trustee Investment (Scollandl Act 2C(15. and rewlab.on 8 of tha Charitses Accounts Iscollandl Regulations 20C6 las amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable sleps Ihe weventI and deteCtn of fraud 8nd other irregularities. Approved by order of the board of Iruslees on .. l•th .... an¢Y signed on Its bahalf by..
INVERNESS TRINrrY CHURCH OF SCOTLAND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INVERNESS TRINITY CHURCH OF SCOTLAND FOR THE YEAR ENDED 31 DECEMBER 2021 I report on th8 accounts for lh8 year 8rK19d 31 Decembor 2021 set on pages 88ven to enty-fCMjr. This report is made 501ely lo the tharty's truslees, as a body, in accordan wlh section 44 111 (Cl of the Chanties and Trustee Inveslmenl (Scollandl Act 2CQ5. My examination has been un¢Jertaken 50 that I might stale lo the chanty's trustees those matters l am required to state lo them in 8n independent ex8mineff $ report and for no olher pwpose. To the fullest extent pem71tted by law, I do not aceepl or assume responsibility to 8nyone other than the tharity and the th8rity'$ tru3tee8 8s a body, for my examination, for this reFQrt, or for Ihe onIonS I fve fomied. Respectlve rnsponslbllltles ol trnstees and examln•r The ch8nty's Iruslees are responsibkg for the preparation of the accounts in accordance wrth the lem$ of the Charitie5 and Tnjslee Investment {ScoUandl Act 20J5 and the ChariU95 Accounls (Scollandl Regulations 2tt6 las amended). The ehanty'3 Iruslees consider Ihal the audrt requirement of Regulatson 10111 lal to l¢} of the 20( Accounts Regulabons {as amended} does not apply. It is my rospon$ibility lo ex8mine the accwnls as rewired under Sectw 4411) (¢} of 2005 Act and to stsle whether m8118rs h8ve ¢ome lo my attention. Basls of the Independent examlnerfs report My examination wa5 carried out in accordance with Rewlation 11 (rf the Charities Accounts Iscotland) Ragulaiions 28 las amend8dl. An examinab.on includes a review of Ihg accounting records k8pI by the charity and a companson of the accounts presented with those records. 11 also includes ¢)sIderatIOn of any unusual items or disclosures in the acLounls and seeking explanatrorbs from you a$ ¢ru$iee$ concerning any such matters. The edureS undertaken do not wowde all the evidence th81 would be required in an audrt. and ¢onsoqu•niiy I do not express an audit opinion on the wew given by Ine a¢)unts. Indep•nd•nt •x•mln•rf• •¢•tem•nt In ¢onnects'on with my examinabon. m matter has ¢om• to my attonlion: which gives me reasonable cause lo bdieve that in ary matenal respoct. the requirements lo keep accwnllng records in a¢wdan¢8 wilh Section 44{11181 of the 2005 Act and Regulation 4 of Ihe 2Cth ACcnIS Regulab'ons las amgndedl., and lo prepare Unts whh accord with the )unts"n9 re¢d3 and comply with Regulation 8 01 the 2Cth Accounts Regulations las amended) have nol baon mei,. or 121 lo which, in my opinion. attention should bo drawn in order to enable a Pfoper understanding of the accounts lo t¢ reathed. Azels N.-'dil SeA'ices 10 Ardross Street Invemess IV3 5NS
INVERNESS TRINYfY CHURCH OF SCOTLAND STATEMENT OF FINANCIAL AcnvrfiES FOR THE YEAR ENDED 31 DECEMBER 2021 Note Unrestrlcted Restrlcted Endow Total Funds Funds ment Funds 2021 Funds Tofal Funds 2020 Income and endowments from: Donations and legacses Charilabte activities Other trading activibes Investments Other 48.569 1,1CQ 289 49,669 289 3,848 63. T02 2,581 5.210 272 107 3.848 118 3.161 3,161 Total 55.696 1.455 57,151 71,872 Expendlture ort: Raising funds Chanlable acliwlies Other trading aclivib'os Govemance 176 43.518 176 44,2( 450 81,814 157 396 10 12 462 462 Total 44.156 44,844 82,817 Nel galnslllosseslon investments 301 359 {958) Net Incomel{expendlturn 11.841 767 359 12,967 (11,903) Trnnsfers between lunds Net movement In funds 11.841 767 359 12.967 {11,903J R•conclllallon ol funds: Total funds brwghl foTh¥ard 39.482 24.214 64.846 76.749 Total funds cattl•d lorymnl 24 51,323 24,981 77,813 64,846 The ¢harity has no reclsable gains or losses other than the resulls for tho ¢went and prewous year as sel out above. All the activitses are classed as continuing_ The notes fom wt of Ihese finla1 statements
INVERNESS TrINITY CHURCH OF SCOTLAND STA TEMENT OF FINANCIAL posmoN AT 31 DECEMBER 2021 20 2020 Note Flxed Assets Tangible fixed assets Investments 17 19 6.899 4.637 8.047 3,977 11.536 12,024 Curnnt as8ets Stk Debtors Cash al bk and in hand 20 1,996 51,180 84,497 66.697 53,176 Credltorn: amoLmts falling due wrthin one year 21 {420} (354) Not current aM•t• 66.2n 52,822 Total &M•ts l•ss curr•nt Ilablll¢l•• 77.813 64,846 Net a•••ts 77,813 64,846 Fund• Unreslricled funds General fund Designated furKI 24 38,512 12.811 26.426 13,056 Tolal unreslricled furKI8 51,323 39.482 Re$tn¢l•d funds Hall fund Organ lund Amold Clark Lrfe and Work 20,394 3,798 701 20,328 3, 798 88 Total reslricled funds 24.981 24,214 EndcN4ment 1. 150 TOTAL FUNDS 77,813 64,846 The finanaal statements were aFvroved by tho 8oard of Trustees and were sigi'- ' r) Irs Lje .a' by -15lee -. he notes form part of these finanaal JA:1?:en
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 GENERAL INFORMATION These finanaal statements are presented in pourmls sterting IGBPI as that is the cjjrrency in which the chwrty's transacb'ons are denominated. They comprise Ihe fincial statements ol thg charity. The principal aets'wly of Invemess Trinty clrth of ScL)tLand can be found in the Rep)rt of the Twslees. The Invem8s5 Trinity Chur¢h of Scotland 1$ recognised as a chaniable organisation for tax wrposes by HMRC and is registered with the Offe of the Scottish Ch¥ity Regulator IOSCRI under tharity number SC015432. Details of the pnnpI Offi be found on page 1. ACCOUNTING POUCIES 8818 of preprtlon The financial slalemenls have been prepared urKler hist(81 cost convenlion unless otherwise specth'ed within these acccmjnling policies and In accordance with United Kingdom Accounting Stanaard$. including Financial Repming Standard 102. 'The Financial Reporting Standard applicatAe in th8 United Kingdom and Republic of Ireland, I"FRS 102.1 (United Kingdom Generally A¢¢epi¢d A¢¢ounbng Pra¢ts¢¢l. Ihtr Statemonl ol RQmmended Praelice ISORPI 'Accounling and Rewb'ng by Charibes preparing their aCColS in accordance with th8 Financial Reporting Standard applicable in the UK and Repul1¢ of Irdand IFRS 1021,, the Charities and Trustee Inveslmwbt IS¢otlandl Act 2Q)5 aThJ the Chanknes A¢counts (Scotnd) Regulation$ 20C6 las amended). The Church meets the definilKJn of a wblic benefit entity uThJ8r FRS 102. A8sels and liabilities are initlally recogni$ed al histoncal eo$l Unle othernyise staled in the relevant aceounkn'ng Wicy. The preparalion of financial statements rewires the use of certain critic81 accounts.ng eslimales. It also Trquires trustees lo exerose their judgement in the process of applying the accounting )Iicies. Use of available Infom)atson and appltion of judgement are inherent in the fomalion of 6slimat¢$. Actual outcome5 in thg future Uld differ from such eslimales. The areas involving a higher dege of iu6Jemenl or complexity, or areas where assumptsons and eslimales are gnificanl lo the financial slalemenls are disdosed bdow. The prinopal accountw policies applied in the weparation of these finanoal statements are noted below. These poIleS have been apFAieO consistently to all the years pre$ented In dealing with items which are consid8red malenal In relation to the charity's finanoal statements unless otherwise slated. Golng concem The charitable organisalion generated an ovèrall surplus of £12,967 during the ye ended 31 December 2021 Ideficil £ll.3- 20201. Al the 31 December 2021 overall Ihe nel current assets aTra total assets had a surplus of £66,277 and £77.813 rgspeclively1£52.822 and £64,846- 20201. The trustees have considered a period of tsv8lve months from the date of thwr approval of the finanoal slalements and considering the chanly's net asset position a1 expect6d fuluffj income. they eonsider il appropriate to prepare the finanaal slalements on the basis. Income recognltlon Income is Induded in the Statement of Financial AclFvth"es when tt)e charity is entilleo to the income, it is proba¢ Ihat the economic benefits associated with the transacti will flow lo the charity and the amount can be reliabty measured. The foll¢)wing specthc poleS are applied lo ealegories of Income.. 10
114VERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- ICONTD> FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES {CONTD.I Donatlons and grants Oonations are Included in ftjll in the Ststement of FaNa1 Activities when recelvable. Grants, wherg enlillement Is not conditional on Ihe ddivery of a speofic perform8n by the charity, are recognised when the charity beC0S UnCOI.0na1IY wtiued to the grant. Grant income, where related to perfomiance atvj speerfie deliverables, is xcounled for as the tharily eams the right lo cOnderal)n by its partMarth. Charltable actlvltles Income ffom Glaritsb16 activi$ is acc(xrted for when eamed. Other tradlng Income, other Income and Investment Income Other trading Incomg. olhgr incoffle aThJ investment income is recognised when the ¢hity is ents'tyed lo the income and th6 amcvnl can be measured reliabty. Expendlture rec¢)gnllOon All expenditure is accounted for on an accruals basis and has been dassffiod under headings th81 aggregate all costs related lo the calewy Costs of raising funds CLimw'* tho ¢QSls asswaled with attractiry voluntsry irOrne. Other trading aetivitsgs is the sale of fair-trad8 good$. Ch8rrtable expgndrture compn'ses tIse costs inojrrod by the charity in the delivery of ils acliviti8S nd services for its ben8fiuario$. It includes tijlh costs Ihal can b& allc¢aled directly lo such aclivrties and those Costs of an indirect n81ure necessary lo support them. Govem8nce costs Indude those costs associated with meeting the consb'lutional and slalutory requirements of the eharity. and incIJe fees and costs linked lo Ihe slrategK man8g6mant of th• ¢hanty. Taxatlon The charity is exempt from tsx on its tharitable activrtles. Th& tharily is VAT reg18tered. Accordingly, expenditure is stsled gross of VAT. Fund a¢•n10nq Unrestricted luThas ¢8n b8 used n accOrdae wrth the tharita• objectives al thè discretion of the Iw$lees. Designated fvnds have been set apart speoffic wrposes by Ihe Trustees. Reslricled fijnds can ¢Mly be used for restiicted purF4)SeS Wrthin Iho 0.8¢15 of the charity. Reslricts"ons arise when Spe(ar by the donor or wron are raised for restrictsd purpo$8s. Endowment funds are restricted funds which can only be used for a partKular purwso bul with an addib¢nal proviso that the original ¢awal sum cannot be ub"lised. but only any income generated trom the c8Prt81. Further explanation of the nate and wTpose of each fund is included in the notes lo the finandal stalemenls.
INVERNESS TrINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- (CONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES {CONTD.} Flnanclal Instruments The charity only enters into basbc finaal instrument transactions that result in the recognition of finanaal assets and 'ablti$ j¢h as tr and otr accnts recavatAe and payable. Tangible fixed assets The charity has the nghl lo oc4pY and use ils chariiatle objects cwtain tanble fixed assets. including Ihe Church. halls. and manse. vesleo in the Church of ScollarHJ General Trustees. No consideration is paya8 the use of Ihese assets Expenditure incurred on the rep8lf and mainlenan¢e of these ass81s Is charged as expenditure in the slalemenl of financial aclivilies in the period in which the liability arises. All tangible fixed assets cosb.ng m¢ye than £2.c having a value lo the chanty greater than one year, other than those acquired for specific Kw)oses, are caixtsli8ed. The minibus is depreciated al 10% straight line. Investments Fixed asset Inveslmenls are staled al mart(el value al ihe yearend dale Unr8alised gains and losses represenl Ihe differen¢8 b¢ts¥een the m¥k81 value al the beginning and end of the financial year or. rf purchased in the year. the differeno between eosl and mart(el valLte 81 the end of the year. Realised gains and losses rew8sent Ihe drflerence btheen the Pfoceeds on disposal and the market value al tho start of the year ¢x tosl rf purchased In the year. Debtors Trade debtors pAe Grft AKI tax lo b8 claimed on Grfl Aid donats¢yis. Cash and cath equlvalents Cash al bank indude$ eash and short lem highly liquid investments with a Shct maturity of three months Of less from the dale of acquisition or operwng of the deposit or Similar aecounl. Credltorn Creditors are recognised where the chanty has a we$enl ot4ig8lion resullirKJ from a past event ihal will probably result In the trsIer of funds lo a third party and the amount due lo settle the obligation can be measured or estimated resiably Cr¢dilors a normally recognised at their settlement am01 after allowing for any tr&Je discounts due. Judgements In applylng polkles and key wurce• ol ostlmltlon un¢ert•lnty In preparing th& financial statements. trustees are required lo make ests'males and assumptions which affect reported incomg. expens8s. assets. and Ikglx"lilies. Use of av8ilat4e infomialion aThJ application of judgement are Inherent In the fomats'on of the esbmates, together with experience and expedatsons of fttture events Ihat ar6 belVed lo be reasonJle under the urcumstances. Actual results In the ftrture could dtffer from such eslimales. The Truslees we satisfi81I Ihat th8 a¢cw)tiry pIcI8$ are 8pprowale and applied cSiStently. Key sources of estsmalion have twi apF4ied lo accruals ar depreciation. Th8 estimate of accruals is deemed lo be appropriate due to the Trustees. uThJerslanding of its liabilities al the year end. The deprecialb)n rate is deemed lo be appropriate based on the expected useful life of that asset. 12
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- (CONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 Comparatlves for the statement of financlal actlvttles Unrestrlcted Funds Restrlcted Endowment Funds Fund Total Funds 2020 Income and endowm¢nts from: Donations an¢J legaues Charitable activities Other trading ath'vitses Other Investments 54.207 2,243 5,210 107 79 9.495 338 63.702 2,581 5.210 107 272 193 Total 61.846 10,026 71,872 Expendlture on: Raising funds Charitable acliwties Other trading ath"vilies Gov•man¢e 450 55.357 157 450 81,814 157 26.457 Total 26,457 82,817 Net galns on In¥estment• (1351 1823) 19581 Net {expendlturelAn¢om¢ 5,351 {16,431) 18231 {11,9031 Trnnsfern between lunds Net movement In fund$ 5.351 116.4311 18231 111.gJ31 R•¢onclllatlon of lunds Total funds brought forw•nl 34.131 40.645 1.973 76,749 Tolal fund• carrl•d forniavd 39,482 24,214 1.150 64.846 13
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- ICONTDI FOR THE YEAR ENDED 31 DECEM8ER 2021 4. Donatlons and legacles Unrestrlcted Funds Restricted Total Funds Funds 2021 Income and endowments from: Offerings Donation$ Grft Aid Gran1$ Special clectiOnS 37.475 2,139 8,955 37,545 2.203 10,959 12.995 1CV) Total Sncome 48.&89 1.1LXI 49,669 Grants receivéd. in¢lu¢Jod in thfr above are as follows. Church of Scotland Trustees The Baird Trust The Resilience Fund ArId Cla 6. Donatlons and le9acles Unrestrfcted Fund• Restrfcted Total Fund8 Funds 2020 Income and endovmients from: Offerings Donations Grft Aid Grants Special collecbons 37.545 2,203 10.959 37,545 2.203 10,959 12,995 9.495 Total Income 54,207 9,495 63,702 Grants received. induded in the above are as follows. Churth of Scouand Trustees The Baird Tnjsl The Resilience Fund 7,495 7.495 2.OC() 9,495 12,995 14
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- ICONTDI FOR THE YEAR ENDED 31 DECEMBER 2021 8. Charltable actmtles Income Unreslrfcted Funds Restrfcted Total Funds Funds 2021 Èd¢Jings and funerals Fundraising events Fair trade Lrfe and Work 289 TOTAL FUNDS 289 289 7. Charftablt •ctlvltle• Income Unreslrfct•d Re8lrfcted Ftsnds Funds Total Funds 2020 Weddings and fvnerals Fundraising events Fair trade Lrfe and Work 597 1.447 597 1.447 338 TOTAL FUNOS 2,243 2,581 8. Other tradlng •ctl¥llle• Incomè Unr••trlcted Fund• Re•trtcted Total Funds Funds 2021 Use of premises 3,848 Unrnstrlcted Funds Restrlcted Total Funds Funds 2020 9. Other tradlng ac¢l¥ltl•s In¢om• Use of premises 5.210 5.210 5,210 5,210 15
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- (CONTD) FOR THE YEAR ENDED 31 DECEM8ER 2021 Unyestrlcted Funds RtrIcted Total Funds Funds 20 10. Charltable •ctiTAtle* expendlture Locum costs Insurarte Telephone Minislnes and MissKJn Presbyl8ry dues Pulpit supply Manse repairs Mileage Manse heat and Iigm F8bric Electri¢ Gas Advertising Pholocopw & RISO Repairs Flowers Lile and work Minibus expenses Spe081 collections Other expenses D¢)nalion VeLoPe5 Charges Cleaning seThices Guild grfts DeprecialiL 2,752 281 24,433 335 2.752 281 24,433 335 432 432 2,712 1.222 2,712 1,222 1.728 3.302 275 1.728 3.601 275 289 1.181 1,181 1C 121 219 1C 121 219 2,334 1.148 1,148 43,518 44,2C6 16
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- ICONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestrf¢tod R¢S¢t•d Total Funds Funds Funds 2020 11. Charltable actlvltles expenditure Locum costs Insurance Telephone Ministries and MISon L8ss.' Endowment Prè$byl¢ry dues Pulpit supp Manse repairs Council tax Manse heal and light Cleaning Fabric Electric Ga5 Advertising PhotoeoFJ8r & RISO Repairs Flowers Guild grfts Lrte and work Minibus expenses Speryal collections Olhef expenses Charges Donation envelopes Deyeciation 3.663 2,917 330 36.339 11.3301 1,134 3,663 2,917 330 36 339 (1,330) 1,134 3.190 3.190 289 744 289 744 2,4C(J 2,400 2,909 1.004 24,687 95 20 336 531 1,7Sfj 95 22.931 336 531 298 1.148 1.148 55.357 26.4S7 81,814 12. Govem•nc• Unrestrlcted Fund• Restrfcted Funds Totsl Funds 2021 Accourrtancy feas 13. Governance Unrn8trlcted Funds Restrld¢d Tolal Funds Funds 2020 Accourtancy fees 396 17
INVERNESS TRINI CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS-{CONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 14. Trustees, Remuneratlon and 8enellis There was no trustees, remuneratson or other benefits paid nerther for the year erwjed 31 December 2021 nor for the year ended 31 t)ecember 2020. 15. Trustees. Expense5 During the current and prior year no Trustees. were reimbursed with expenses. 16. Staff Costs 20 2020 Wages and Salanes The average wmber ol employees dunng the ye8r was as fc41ows'. 20 2020 There were m employees No employee received emoluments more than £60,¢JIO. All Church of Seolland eongregatsons contnbutè lo the National Ministry and Mission Fund which bears the cost of all ministerfs stipends employerts contributions for national insur8nce, pension and housing and loan lund. Minister's stipends a paid in accordance with the national stipend scale. which is related lo years of servic8. For the year under review the minimum stipend was £28.7C(J 12020 - £28.1371 and the maximum stspend (after S years) £35.26912020 - £34,577>, b.rj incr888e of £583 (2020 . £5521 and £69212020 . £6781 reSlI¥81y. 18
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- (CONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 17. Tanglble Flxod Assels Mlnlbus Total Cost At 1 January 2021 11,495 11,495 At 31 Dmber 2021 11.495 11,495 Depreciation Al 1 January 2021 Charge for year 3,448 1,148 1,148 At 31 C)e¢ember 2021 4,496 4.596 Nel Book Valu8 At 31 De¢ember 2021 8,899 6,899 Al 31 December 2020 8,047 8,047 18. Tanglble Flxed Amets Mlnlbus Total Co•t Al 1 January 2020 Addition 11,495 11,495 Al 31 Dfjwnber 2020 11,495 11,495 Depreaalion Al l January 2020 Chargg for year 1,148 1,148 At 31 December 2020 Net Book Value Al 31 Decemt)er 2020 8.047 8,047 Al 31 December 2019 9.196 9,196 19
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STA TEMENTS- (CONTD FOR THE YEAR ENDED 31 DECEMBER 2021 19. Flxed Asset Investmonts Church of Listed Scotland Investments Groth Fund Tot#ls Market Value at 1 January 2021 Gains 2,755 1,222 3.977 Nel Book Value Al 31 Decemb¢r 2021 3.035 1.602 4.637 There were rK• inv85tmenl assets oulside the UK. 20. Debtorn: Amounts lalllng due hln one year 2021 2020 Gift aid Prepayments 2.2CQ 1,996 2,200 21. Credltorn: Amounts falllng due vAthln on• y•ir 2021 2020 ACenlS 420 354 22. Analysls of net as8et• beten lund$ Flxed Ats Net Current Assets Total A•8ets 2021 Unrestricted genefal funds Unreslrieled designated funds Reslricled funds Endowm¢nt funds 10,027 28.485 12,811 24,981 38.512 12,811 24.981 1,509 Totals 11.536 66,271 77.813 23. Analysls of net assets belvRen lunds Flxed Assets Net Cumt Assets Total Assets 2020 Unrestricted general funds Unrestricted designaled fvnds Reslricled funds Endowment funds 10.874 15.552 13.056 24.214 26,426 13.056 24.214 1,150 1.1SO Totals 12.024 52.822 64,846
INVERNESS TrJNITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- ICONTD) FOR THE YEAR ENDED 310ECEMBER 2021 Movement In funds At 1.1.21 Net movement In funds Transfers beten lunds At 31.12.21 Unrestricted funds Gen8ral fund Dèsignated fund Fabric fvnd Other 26,428 12.086 38,512 10.695 2.361 {501 11951 10,645 2,166 39,482 11,841 51,323 R•strtcted funds Hall fund Organ fijnd Lrfe and work The Tempepn¢o Fund Church of Scotland Trustees The Baird Trust Amold Clark 20.328 3.798 20.394 3,798 88 701 701 24.214 767 24,981 Endowment lund Endowment 1,1} 1,YJ9 Total lund8 12.957 77,813 Net movement in funds, indu¢Jod in at)ve w• on pag8 22. 21
INVERNESS TRINrrY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS-{CONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 25. Movement In funds At 1.1.20 Net movement In funds Transfer8 bet*Ten funds At 31.12.20 Unrestricted funds General fund Deslgnated fund Fabric fund Other 20.W9 5,517 26,426 10,745 2,477 1501 1116) 10,695 2.361 34,131 5,351 39,482 Restrlcted lunds Hall lund Organ fund Lrfe and work The Temperance fund 32,165 3.794 111.837) 20,328 3,798 {4,eiLI) 40.645 116.431) 24.214 Endowment lund• Endowment 1973 {823) 1.150 Total funds 76,749 I11,3) 64,846 Net movement in funds, indudèd in the abcNe are on page 22. 22
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- ICONTDI FOR THE YEAR ENDED 31 DECEMBER 2021 26. 2021 Mo¥¢fflent In funds (Contd.) Income Expendltyre Net galnsllosses on Investment Movement In funds Unrestrfcted funds General fund Designated fund Fabric fund Other 55.507 {43,7221 301 12,088 {501 {3841 1501 1195} Totals 144,156) 301 11,841 Restrlcted ftsnds Hall fund Organ fund Lrfe and Wo The Temperance Fund Collecb'on lor others Amold Clark {2891 1Lh) 1.CK)O {1001 {299) 701 Totals 1,455 1688} 767 EndowThent funds Endrnerrt 359 359 57.151 144.8441 112,*71 27. 2020 Movement In lund• (Contd.) In¢om• Expendllure Net galnslloues on Investment Movement In funds Unre8trlct•d lund• General fund Deslgnated lund F8bric fund Other 81,412 155.7601 {135) 5.517 150) 1550) 150 11161 Totals 61,846 (.360} (1351 5,351 Restrlcted funds Hall fund Organ fund Lrfe and Work The Baird Trust The church of Scotland Trustees The Temwrance Fund 189 I12.) 111,8371 {3261 {2.000) 7,495 {7,495) (4.eD)) 14,6001 Totals 10.026 {26.45n 116.4311 Endowment funds Endowment I23) 18231 71,872 182,8171 19581 {11,9031 23
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- ICONTD) FOR THE YEAR ENDED 31 DECEMBER 2021 Pufpose ol Endowment Funds MacDougal fund. Income from this fvnd is used general fuThJ purposes. Purpose of Restrlcted Funds Hall fund. This fLnd is for the requirements of all hals. Organ lund.. This fund will be used to provide a new cKgan. Lrfe 8nd Work. This is the fund sel up lo sell the Church of Scolland magazine. The Temperance Fund.. This Is funds towards the new church alarms. The Highland Cwncil Fund.. This was funds lowwds ihe new siwa. Church of Scotland TnJslees. This was funds towards Ihe cost of Church and manse repairs. The Baird Trust. This was funds towards lo cost of the Churth alami $y$tem The Amold Clark. This is funds tOW8fds repairs In the Chwch Halls. Purpose of Oeslgnated Funds Fabric fund The Truslees have set aside funds for Ihè maintenance of the propertias. Chr fund". The Trustees have sel aside fijnds for Ihe chr and music resources. Flower fund.. The Trustees have set aside funds lo provide flctwers for display dunng seThices. Guild fund.. The Trustees have sel aside funds for guikl purpo$es Social lund The Trustees have set aside lunds for the purposes of th8 club. Youth Work fund. This is a lund lo be used towar¢l$ Iho payment of activities involving the youth of the Church. Benevolenl fund.. This ld is used for Iho wrposes witrbin the pish by tha Minister. 28. Related party dlsclosures There were no related party tran$acts'on$ lor the year endèd 31 Dernber 2021 nor for the year ended 31 December 2020. 29. Church ol Scotland General Trnstees The Church of Scollanrfs Regulats'ons and Congregabonal Finance roquire the Tru$t•8s to disdose details of the Fabn¢ Funds held by the chth of Scotland General Trustees by way of memofandum in our Congregational Accounts. The funds hdd on behall of The cOnal by the Churth crf SVand Gonoral Truste0$ are. Capttal Fund$ Cost.. Market value.. Revenue Fund• 0ing 8alarte". £22.124 Interest & divHJends'. £121 Reni of Manso Closing 88lance'. 24
INVERNESS TRINITY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS- (CONTD) FOR THE YEAR ENDEO 31 DECEMBER 2021 30. Volunteer• In common with all congregab.ons of Ihe Church of Scolland Ihe congreg8ts.on b8nefils from the conlritrHJb"ons made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the conlribJlions of volunteers are many and varied and rrwjch of the activity would be unable to eA)ntinue were il not for the commitment shown. 31. Aggrngated Tru•¢¢•8 Donatlons Durin9 Ihe year ended 31 December 2021 the rec(xded esb'maled gregated donations received from Twslees was £17.771 (2020 - £18.1201. 25