ST COLUMBA'S FREE CHURCH Annual Report and Financial Statements for the year ended 31 December 2024 St Columba's Free Church is a clwity re8lSter¢d tn Scotland. SCOI 6551
St Columba's Free Church of Scotland Report of the Trustees for the year ended 31 December 2024 Contents Page Report of Tnist¢¢s Report of Independent Examiner Statement of Financial Activities 12 Balance Sheet 13 Notes to the Financial Statements 14
St Columba's Free Church of Scotland Report of the Trustees for the year ended 31 December 2024 The TnteeS pr¢sent tbeir annuaE report and fmancial statements of the charity for the year ended 31 December 2024. The financial ststements have been prepared in accordance with the #ecounting policies set out in note I to the aounts and comply with the Charities and Trust¢e Inv¢stment (Scotland) Act 2005. the Charitics Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Ststement of Recon)mended Pra¢ti¢e applicable to charities preparftng their accounts itt &¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Financial Reporting Standard applicable in the United Kingdom and Republic of treland (FRS 102X gnd UK Generally Accepted A¢countin8 Practice. Objectlves and Actlvltles St Colvmba's Free Church of Scotland is a city-centre church in EdinbuTgh committed to the gospel of Jesus Christ. Our vision is to seek a city-wide movement of the gospel by belping peopl¢ find and follow Jesus, love God and one another, and the peace of the city. W¢ are nketnber5 of the Free Church of Scodand, which currently has approximately 115 churches across Scotland, England, and North America. Datin8 from 1843, but with iLs roots in the Scottish Reforniation, it owes its distinctive title to its historical struggle to remain 'free' from state interference in its internal affairs. It has close and active relattons with many other Refollned churches of Jesus Christ throughout the world. St Columba's was first opened &$ "Free St Johns" in April of 1845 Ullder the ministy of Thomas Guthrie. The congregation is within th¢ Pr¢sbyt¢ry of Edinburgh & Perth. In 2024, Stcolumba's charity also included 2 church plants". Esk Valley and Winchburgh ComTnunity hurches. The Flee Church of Scotland centraI church Board of TrLTStees holds tit]e to the church building at Johnston Terrace on behalf of both the Free Church of Scotland General Assembly and thc St Columba's ¢ongrcgation. The Ministers of Esk Vall¢y Church and Winchburgh Communlty Church lived in rented manses. The Minister of St Columba's Free Church lived in propety owned by the ¢ongr¢gatioTr. Grant Mydking Poliey The ¢hur¢h makes grants from its incollle to individuals and organisations that are generally known to the Trustees and the ehurch. The beneficiaries are involved in activities or niinistiies compatible wlth the cbur¢h's objectives. RevieTrY of our Achkvement and Performance 2024 was a year of change. minister on 28 January 2024 to take up a role as church planter at Hope Church Leith as inducted as minister on 14 Mah 2024. Th¢ congregatton continued its commitment to suppoil ih¢ Free Churclk of Scotland both spiritually and financially, and we are ever thankful for the 8enerosity of the people of St Columba's. Membership by profession of the congregauon at the end of 2024 was 206 (including Esk Valley (40) and Winchburgh (6)) with an average attendance at St Coluroba's on a Sunday morning of approximately 200. Esk Valley and Winchburgh continued to grow and develop under th¢ fornial oversight of the St Columba's Kirk Session.
St Columba's Free Church of Scotland Report of the Trustees for the year ended 31 December 2024 On October 1. 2024, Esk Valley Church became a stand-alone congatiOn of the Free Church of Scotlan¢ and it was registered as a charity with OSCR on 17 December 2024. Over the course of the year there were RO baptisms, including 7 tnfantsltoddlers. We welcomed 34 people into membeTship at St Columba's. We are grateful to God for the leadership team at St Columba's (elders, dea¢ons. and Womett's Pastoral Team) and tbe supporting staff, members and adherents the eongregation who all mkkc up th¢ ¢hurch fatnily that seeks to serve and glorlfy God in all that it does- living Out attd sharing the Gospel of God's grace in Community together and in the city where we live. Although CoTnerstone is now a Free Church congregalion in its right, and a separate registered charity, the legal transfer of ownership of the Cornerstone Manse and Church building had not b¢e completed by 31 December 2024. As a result, these assets are retained on the St Columba's balance sheet until the legal transfer of ownership takes place. In RelAtlon to Congregational Fulldlng Income to the General Fund of St Columba's increased by I l % when compared with the previous year mainly due to an increase in giving by the congregatioJL Through the continued donations of the congregation and those connected to it: Our overall financial contiibution to central denomination funds from General Funds decreased by 38 /. Locally we supported Eldff Memorial free Church, Free church Youth Camps and 20 Schemes. Flnanclal Revlew Results for the Year The financial statements for the year reported net expenditure amounting to £9,674 (2023: £151,320). Last year's deficit was largely due to donations to Sparkle Sisters and Cornerstone. At the year end the organisation had total reserves of £1,206,351 (2023: £1216,025) which is made up as follows: Restricted funds of £138,633 Restricted asset fimds of £646.059 Restricted investment fuThd5 of £2,970 Designated asset thnds of £234,554 Designated investment funds of £21,303 Unrestricted funds of £162.832 (2023: _£25,645) {2023- £835.239) (2023- £2,617) (2023: £234,554) (2023- £18,770) (2023.. £150.490) Inve8tm¢nt Polky And P¢rformance Congregational investm¢nt fimds together with those of th¢ central d¢nomination and other Congregations are held as shared pool units, managed by the central denomination's investment managers. From Acts of the Free Church General Assembly. Act 2, 1979, governs the investment policy of the Central denomination's investments. The investments are managed on a discretionary basi5 by professional managers. The main objective of the portfolio is lo provide income for the Church
St Columba's Free Church of Scotland Report of the Trustees for the year ended 31 December 2024 without risking longer terni retUttL A number of ethical restrictions are pla¢¢ on the invcslment managers in the choice of investments. The managers report regularly and normally tneet at leasi twice a year with the Central Church's Investment Committee. The rnaiket value of the congregation's investment portfolio at 31 December 2024 was £24.273 (2023 £21,387). The general fund investments g¢nerdt¢d an income of £590 (2023: £548) during the year. Th¢ Trust¢es are satisfied that the portfolio has been managed in accordance with the obje¢tiveq set. Rlsk maement The TTusiees are responsible for asse&sing the risks to which the congregation is exposed on an ongoing basis and for periodically updating and reviewing it. The Tnte¢S assess the risk in relation to health and saf¢ty in line with th¢ requirements of the Free Church of Scotland central church. The Tnte¢S seek io identify and address the material risks facÉng the congregation and agree measures aimed at mitigating these risks. To this enl during the reporting year an extensive, commerciatly available risk eSsMent toolkit designed for churdles was used. Reserves Policy li is the policy of tbe church to maintain unrestricted fimds excluding fixed assets and investments totslling the equivalent of I month of its expendituTr. Such UDrestricted funds at the balance sheet dat¢ w¢rc £183,807 (2023: £175,712). The total expenditu forthc ¢hurth in the year to 31 Dec¢mber 2024 was £501,550 (2023.. £973.840). The Trustees are pleased that the reserves policy is being met and that th¢ unrestTiCted fijnds are equivalent to approximat¢ly 5 months, usual charÈtable expenditure, moT¢ than ad¢quately covering the required l Jnonth's ¢xpcndilure. There is no current requirement to incro%e the reserves as a result. The TnteeS also take into account that some aspects of the church's activities a funded out of restricted funds which have a]ready been ieceived. Restricted funds total £787,662 (2023: £812211). Plans for the Future We continue to look for opportunities to plant morc churches in th¢ Edinburgh arca, using the experience tbat we have gaincd ov¢T T¢G¢t years. We hope to continue to co-operate with Edinburgh Theological Seminary in the sharing of our building and continue to involve stydents at the Seminary in our Ministy Apprentice programme. This scheme enables St Columba's and the Church Plants to continue developin8. training and discipling future church leaders. Structsre, Governance and ManYdgemeDt St Columba's Free Church of Scotland is established by Constitulion. It is & regist¢red Scottish ChArity (No. SCOI 6551). Thc congrcgation is governed and administered by elecied otrice bearers. All office bearers are volunteers except for inisler, St Columba's), Church Planter, Esk Valley Church) and Church Planter, Win¢hburgh). The Kirk Session, being the Minister and elecfrd Lld¢i'b, has rLsponsibility for spiritual oversight. while the Deacons, Court, cornposed of Kirk Session members plus elected Deacons, oversees financial and property matters.
St Columba's Free Church of Scotland Report of the Trustees for the year ended 31 December 2024 Under Charity Law. the Tllctllb5 of the DeacoThs' Court are deemed to be the Truslees of the congre8ation as those with responsibility for day-to-day management and control. This is distincl from th¢ rol¢ of prop¢ty (con8r¢gational) Trust¢¢s who arc responssble only for holding property in trust. Appointment of Charlty Trnste¢s The Kirk Session exercises its discretion in deterniining the most xppropriate meihod of electing new Trustees (Elders and Deacons). Any ¢le¢lion process musl involv¢ the communi¢&nt membership of th¢ congregation. There 15 no fixcd tenn for tteeShIp. Prior to their appointment, new Trustees would have served the Church for some time in various role$ and would be familiar with the Church's values, its aims and objectives a8 well as its day-to4ay operations. As part of their induction programme. new Trustees are required io und¢rst2nd thetr statutory responsibililies as well &s the responsibilities of their office within the congregation as Elder or D¢acon. signed ag the minister on 28 January 2024 and as the minister of the congregation on 14 March 2024. was inducted ere ordained as Dea¢ons on 26 May 2024. Key Management Personnel Remunersidon The key management personnel of the church comprises the Minister of St Colutnba's. the Church Planters of Esk Valley Church and Winchburgh Cominunity Church and the Finance Manager. As minisiers of the denomination, fourof the Trustees were paid stipends by the central denomination in 2023 and 2024, and other employment-related costs are included in expenditure where appropriate. The totsl amount of remuneration received by key management personnel for their seIceS to the charity was £20,176 (2023.. £38,195). Over both 2024 and 2023: The Minister at St Columba's occupied # manse provided rent and council tax free. The Assistant Minister at St Columba's occupied a manse provided rent and council lax Th¢ Church Plantsr at Esk Valley Church occupied a manse provided rent 8nd council tax The Church Planter at Winebbur8h Community Church occupied a manse provided rent and ¢ovncil tax fre¢. Additionally) they received benefits and expenses of £9,507. (2023.. £14,983).
St Columba's Free Church of Scotland Report of the Trustees for the year ended 31 December 2024 Reference and Admlnlstradve Inforniatlon Elders: Deacons: Minister. Fomier Mintster. Assistant Minister: Church Planter of Esk Valley Church.. Chutch Plant¢r of Win¢hburgh Community Church.. c.ongregational Trustees responsible for holding propety:
St Columba's Free Church of Scotland Report of the Trustees for the year ended 31 December 2024 Reference and Admlnlstrative Inforniatlon (CODtlnued) Principal Office: Johnston Terrace Edinburgh. EHI 2PW 0131225 3505 stcolumbas.freechurch.org cPrity Number. SC016551 Independent Examiner. Hollis Accolmting Limited 3 M¢lville Crescent Edinburgh. EH3 7HW Bankers.. TSB Bank 28 Hanover Street Edinburgh. EH12 2DS Solicitors.. BalfouT & Manson LLP 54-66 Frederick Street Edinburgb. EH2 ILS
St Columba's Free Church of Scotland Report of the Trustees for the year ended 31 December 2024 Trnstees, ReSpOnsi111ty Statsment The TntseS are Tesponsible for preparing a Trustees. amiual port and fillanC stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G¢nerally Accepted Practice). The law applicable io charities in Scotland requires the charity Trnstees to prepare f]nan¢ial statements for each yeai which give a te and fair view of the state of affairs of the charity and of the incoming resources and application for resources of the chwity for that period. In preparing the fmancial statements, the Trustees are required to: Select suitable Counti0g policies and apply them consistently Observe the methods and principles in the Charities SORP (FRS 102) Make judgements and estimates that are reasonable and prndent State whether applicable accounting standards havc becn followed. subject to any material departures disclosed and explained in the financial staternents Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper acrounting rccords that disclose with reasonable accuracy at any time the financial position ofthe charity and to enable them to ensure thatthe financial ststements comply with th¢ Charities and TDJstee tnvestment (Scotland) Act 2005, the Charity Ac¢ount5 (Swtland) Regulations 2006 (as amended). and the provisions of the ChaTity's constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The TteeS are responsible for the maintenance and integrity of the charity and fitwtcial information included on the charity's website. Legislation in the United Kingdom governing the prwation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved bytheTrusteeson............. . and signed on their behalf by
IDdependeDt Examiner's Report to the Trustees of St Columba's Free Church of Scotland I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 10 to 24. Respective responsibilltles of trustees enthIer The charity's truslees are responsible for the preparation of the accounts in accordance with the tenns of the Charities and Trnstee Inveslrnent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (&8 amended). The charity truste¢s consider that the audit requirement of Regulation 10(1 ) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibiltty to examine the accounts as required under section 44{1) (c) of the Act and to statc wh¢ther particular matters have come to my attention. BlS of independent examiner's statement My examination is carried out in accordance with Regulation I l of the 2006 Accounts Regulations. An examination includes a r¢view of the accounting rewrds kept by the charity and a cOMp150n of the accounts preben¢¢d with those records. It also includes consideration of any unusual itenL8 or disclosures in the accounts, and seeks explanations from the trustees concerning any such nmtters. The proc¢dures UDd¢rtak¢D do not providc all thc evid¢nG¢ that would be required in an audil. and consequently I do not express an audit opinion on the view given by the accounts. Independent exgmln¢r'$ $tstement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 21)06 Accounts Regulattons to prepare accounts which accord with the acwunting records and comply with Regulation 8 of the 20C6 Accounts Regulation5 have not been met, or 2. to which, in my opinion, att¢ntion should be drawn in order to enable a proper und¢rstanding of thc accounts lo be reached. Is Aceountinby LimilL 3 Melville Crescent Edinburgh EH3 7HW Date:
St Columba's Free Church of Scotland Statement of Flnanclal Aetlvities Year ended 31 De¢ember 2024 Note U•rMtrltted Restrltted Fulld$ 2024 Uthreitrl¢ted Rutrl¢ted Tot•1 Total 2024 2024 2023 2023 2023 lttcome and Èndowments from., DDllatiorJs and le)¢5 Charitable attivitic 442.427 14509 518 31,414 50 473141 14559 55¥) 5(16,254 8,678 .575 2.137 803.391 8.120 16.798 419 1,994 ]nve5ttnent kncoTD¢ Tot#1 457.454 31,536 488. 516,507 305.676 822,183 Exp¢mdithTt ob; Raising fijnds Chantabl¢ dctiviti¢s Other 425,963 75.587 501 J50 601,978 371.762 973.740 Totsl Expethdltsre 425.963 75.587 501.550 602,1178 371,762 973,840 Net Incornelp¢dItUre b¢foFt 8alAg 31.491 144.OSII 112.5fA)I 185J71) (66,0861 (151.6571 Net 8aiMI{losses) inVtt%bntsJts io 2.533 353 1886 296 41 337 Net lttomel{txptRdithr*l 34,024 143.698} 19.674} 185,2751 (66.045) Il51,320 Tr8Lufets between fillyjs 119.1491 19.149 8.364 111.364} Net movement In funds 14,875 124.5491 (9.674) 176,91JI 174,4091 {I51,3201 Rttoneulitiott Of fund¥ Total fid$ brought for%Trrd 403.814 812.211 1,216,025 480.725 886.620 1 J67.345 14 418,689 787,662 12(kn.351 403.814 812211 1216.025 The rtotes 8t$ 12 to 24 formrtr thes¢ Accounts. All llclivits¢s are witinuin&
St Columba's Free Church of Scotland B41allce Sheet At 31 December 2024 uwfstric Restsi¢ted Fllnd Fu•dA Total Fun&q Unr¢gtrltted Reitrlett41 Total 2024 2024 2023 20ZJ 2023 Flxed Assets Tanble ¥ssets EnveSllnts Ttstl Flxed A8stts Current Assets Debtors Cash at bank and iti band Totsl CurreDt Assets Llbllltle5 Cr¢dilors falling due 12 within on¢ yw Net Current Assets Creditor5 falling du¢ afler ]TK>re thwj on¢ 221,337 1 J98,728 21,303 2.970 242.640 1.401.698 1,610,065 24273 1,644J38 217,088 1,398,728 1fi15,816 18,771 2.616 21J87 235.859 1,401.344 Ih37J03 li SI,2 186.991 238.053 17,976 55,558 73,534 69,038 242,$49 311,5B7 24.507 164.819 189.326 10.789 98J60 109,149 35296 263,17 29&475 (54,246) 139,139 (93J8SI 113.614) 139.3861 {530•) 183,807 34J95 218302 175.712 69.763 245A75 12 17,758) 1648,4311 418,689 787.662 1056.18Y) J206J51 17,757) (658,8961 {600,053) 403.814 812,211 1,214in5 etAssets The funds of the ch•r&ty 14 Restricted income funds Unrestricted Funds 787,662 418,689 812,211 403,814 Tot41 ehirity funds 14 1206a51 IJI&025 The notes OTr pages 12 to 24 for]n part of these Ounts.
St Columba's Free Church of Seotland Year ended 31 December 2024 Iyotes forming part of the finaDcial statements l. A¢eouDtlng Polleles The principal awounting polt¢ies. which hawe been Rpplie41 WDSiSitmly in the turrent alld pret1) yo in dealing with items 14thich tsre consid¢Teil Ina1 to the ac£ounts. are Èetout bclow. Bwsts 0[prepO Thc attounts (fil¢71 statements} have been prepared under th¢ historical cost conventiott wtth items reco8Jki5ed at eosl or tranStion value unless otherwise sthted in thc relevatst ntstelsl to th¢¥ aecounts. The financial st8l¢mettts hav¢ bctn pr¢p&red itt aLrordaDce with tbe Ststem¢nl of Pra¢iice." A¢£outstsDg Reporting by Cbarities PTepatill8 their Dccounts in accordance with the Financial ReportinK SttDthTd 8pplicable in the UK gthd Repbbli¢ of Ireltsrtd IFXS 1021 th¢ Financial Reportin8 StsndaTd applicable ill the Unit¢d Kill¥dollJ and Republi¢ of Ir¢la5MI IFRS 1021. the Cjjartties alld T1 InvestllKDI (Scoilandl Aci 2005 8lld the Charities Accoullts {S¢oÈltttdl Regulatiolls 2006 (a5 aBKrthdl. T1 ¢]lty constitutes apublic bcn¢fii ¢nllty as de6aed by FRS 102. The Trusttt5 collsid¢r that there no snat181 uncertainties abwt th¢ charity's abiliiy to coJJ(itiue as a goiEhg ¢(kncern. Futsd attOUOtlDg FwJd5 £18ssifi¢d 8S tithcr r¢stri¢ttd futtds OT ULTestricted fith, dered 85 follows., R¢&inciedSurtds are fut subject to specific r4uireD]¢DiS a5 to their which may be detl8Ta by the d(Fnor or with their lurity or Gr¢&tl through legol pr¢)cesses. bui still withiti the wsdet objects of the Chtty. Unr¢$lri¢iedfty4ds ore expelldable at the discretion of the TnLtrs in furth¢ronc¢ of th¢ obje¢ts olihe ¢haEity. If parts of th¢ untestricted funds rartnarked at the dretion of the Trnse$ for a wti¢tslar PUTPlSè th¢y ar¢ Il£¥widgd4s a sepBrBts fi1. Thi3 dcsigll4tion has an admiLi8trativeputpoxe only aDd do¢s not Icgally r¢stri¢l the TsteeS, discreltoo lo apply the fwvj. Ineome is recogDised when th¢ ¢hlty has ¢Thtidement kn the fimd4 arty perfOrn conditiolls thhed io the itemlsl o( incom¢ hav¢ b¢¢ft mel It is pmbable that the iEKOSne will be and th¢ amount ean b¢ mea5Uted eliably. Donated SerYlce5 and faclllll¢s Dollat¢d profKsioDal %rvic¢s and donaitrj facilities ate reco1$ed as incotn¢ whcn th¢ chariiy has cotttrel over th¢ Ite any ¢4)nditions a$s(LateI wih the donad ileTn have been tn¢l, the T¢ceipt of economi¢ betsefit from the use by the charity uf the i(em is probRble And that ¢conornie benefit can be rttesstsred lIablY. IB Cordn¢t with Charitie5 SOIiP {FRSIQ21 th¢ gcn¢ral volwit¢¢r lim¢ of church tttnbers is Rot recogni5ed. Ort recei donated ptofe&8ional service$ 3ry1 donated facilitics ar¢ Tecognistd on the b&gi5 of the valtje of the gift 10 the charity which is the the ¢h8rity wou]d have been wlling pty to obtain svIC¢S or f8cilits¢s of equivalent ecoJ]omic b¢n¢fit on the open markei. a corresponding amount i& thcn recopJi%d ss exp¢Ddilur¢ in I perifxlof r¢¢¢ipL Intsrtst Rectlvibk Int¢$t on funds h¢ld on dep0511 is included when re¢etV8ble and the Brnowjl can be rneasured ttliably by the ¢h8rity: thks is txirmally upon noiifj¢&ion Df the inteTl or payabl¢ by th¢ 6anL XPEnditure ExperStr is r£co8nised kn • liabilityarise& Flxed Assts The ch8rity the right to ocwpy and use for its ¢harirable objects certhin tall8ible fixed as5e¥s, including th¢ chUh v¢st¢d ID th¢ Churcb of Sthxland cetilral ¢hwch Board of Tn¥stees. No ¢onstderalton is payable for the use of these asgets. Expenditute itteutted on the repgir ond mastttenance of the e¢s ig charged as expendibjre in Ihe Statement of FiJwKial Activities in th¢ period in which the liabiliry arises. 12
St Columba's Free Church of SeotlAnd Year ended 31 December 2024 Notes forming Pydrt of the financi41 statements l. AccoulltlDg Pollekn It) Tangible fjxed assets ore al C<t aDd d¢pr¢¢i8ted on 4 strakJl line basis over the eslimated usecul life of Ihe a55¢t as foMow6'. Heiitsblt prtY Nocj Fixturcs, fittings &equipment 25?/• BuikJirJgs sFe m&iTrtain¢d w such a sundard that their residual value is JM)t less th4tt theit C091 or vdyat1Q 50 no d¢pre¢iation L5 chaTgtd. si$ of assets over £l,(KM) (before 2wr2017 over £100) 4Te c8pitsJi¥ed A fijll yearof d¢we¢iatioll charged Dn yw of pUhr fix fwut¢5, fitiiw equiprniL InvtmentS Fixed asset invothwts df¢ 51at¢4J at wk¢t valu¢ al the b&Jan¢e sheet dak. Unrealised ga%ns aThl Ios8e& represent the dtffweJs¢¢ betwe¢n th¢ market valu¢ at the b¢gI[illB alld end of the finDncidl yearor. if pw¢h86ed in th¢ yw the dityerence nveen Cost and market value at the Lrymi of the y&ftr Reall1 8ains losses represent the differen bdwecn th¢ pro¢¢¢ds4)n disposal the markei value ai ihc 81art of the year or c05L ifpurcha5ed in th¢ year. con8tioal knve5tm¢llt together with those of the ¢entsal dellorniDatioTJ I1 othcr con8T¢8Btsons, are held as shared rthl units, mana8d by lh¢ tentral denomittation'g ÈnveStT[t mana8¢r. Pettslo Subject io the rules of allienrolmcn¢ staff et>rolled into the pth5i04 $¢h¢m¢ usc4J by th¢ Fre¢ Church of SCOart& it 18 a d¢fioed contributiOD sdKrne in whi¢h thc n8T¢stIOn m8kcs a l(N ¢ontribuAoL Employees Ca opi tomake additional corttiibuiions bul there Is no obli8atitxJ to doso. T•ulloT¢ St QTrlumba's Free church of Scolhnd is re¢ogrtiseé as a charity for the PwpO of aFpl1b]e tax4tion legis]aiion i¥ tberefotr not &ubj¢rt to ation on its churiwble 4uivities. The charity is noi rew8ttted for VAT 4tMI expenditure therefor¢ IlUdeS irrecovernble ijwui VAT. 2. RelAted Party TrAnsatdon5, Trn%teei' Expek$tt •od R¢M¥nert5t In 2024 pttynrtt& lotslling £136,975 12023.. £219,417} wu¢ made to the centrnl denomitt8ti0ty r¢fThittantrs to ccntral funds in¢ludsng tht Missions Boanl, presbyt duts, cothveyancillg, pByment5 for Services artd 8dS (payT4)11 hej171)g f¢es* gift aid adnJini3tsation. the FtEc Church's RecoThl Ma8aLr and photiwyn8}. As mlnlbters of the dcnomtnalion, four of the TrUCeS were paid 5tipend$ by the ¢¢ntr41 dmEll•ll0ft in 2023 and 2(>24. One ofthe Tntstees of St Columba'5 Is a T¢r of thc central denomsDatio Expertses pwd to 8nd r¢latsJ per50n% aMoUntj 10 £9.50? (2023.. £15331. In 2024 and 2023 wcre pmvided r¢rti and ¢oull¢il fret to". The Minister at Si Columba's T A$51Stanl hffjitti51¢r it Sl Coluth's Tk Chur¢h Pkn])I¢T at Esk Valley Clturrh The Chweh Planter at Wittthburgh chub. RcmulleraEiQn p8id to TrCeS and relited org)ns was 4s follow - .5(rfk12023.. £nill 2023.. 4,550{2023.. £14.0051. Ill 2024 doltIO$ to the cknity frotn TnJstee& and Telat¢d pgrtiw totalled L124.558 12023.. £103,471K of which £91,558 {2023.. £I03.4711 w&5 unresrricttd aftd £33.(KIO12023.. £nil) was made forrestti¢iedpryy£
St Columba's Free Church of Scotland Iyotes forming part of the finaDCI81 statements for the ye8r ended 31 Deeember 2024 Unrutrlcttd Rtttrlcled Fulld> Funds 21124 UDrtstrleted Réstrkted Fun¢Js 21123 Tot#i 2024 2024 2023 2023 3 Donatlons Gift Asd Chur¢h Door wlle£tson8 StsDdinE ord¢rslBACS Miscellantous donations Donatioo$'. Stiipen4) & Go Room hEre donation8 Spt¢ial colle¢tk0tt5 Grsnts 62.941 2,516 286.465 42.574 3,Q67 4,240 13,138 548 63.489 2,516 5,083 291,548 21,417 63,991 828 3.895 4.240 16,676 27,486 31414 473 66.838 4,477 317.722 49.345 27.799 14.060 2.346 23,667 506,254 16,254 3,847 69,371 93.965 5.1188 83.092 8,324 387,093 143.310 33.687 14.060 13,441 120.384 803,391 3.538 11.095 96.717 297 137 4 Income fmm ¢harhablt AetlTratl Church we¢kend.away Caft irt¢ort Se of books & ¢vcnts Retktal In¢oEkne Youth Club A8sembly Café 25 4,790 4.790 541 429 7,708 3.330 541 429 7.708 2.304 12.180 50 2,354 12.180 3 J30 14.$09 50 14,559 8.678 8.120 16,798 S InvestllRts kni¢rtSf ItJve51tnent u)com¢ 1,094 481 1.575 332 67 419 l.H6 548 1,994 518 518 72 72 590 590 Total iB¢ome 457,454 31536 488 990 516 507 305 676 822 183 14
St Columba's Free Church of Scotland Notes forming part of the financial statements for the year ended 31 Deeember 2024 Unresttl¢ted Rt$trkte41 Fund¥ Funds 2024 2024 Unrestrteted Rutrf¢ttd Fund5 Funds 2023 2023 Total 2024 Tot 6 Analysts ¢rfExpendtsure R&tslag Funds FuThd Tai5iti loo 100 Cknrltsble EXpendIre Remitthnees to Central fimds Pulpit Supply & CotNnurtioJJ Min5S1crs $tipettd supplenttt Mittisi¢rial assistants Sary Administrktora. $at Apprcniices, Salary Counscllor Salary Churth Planter$ary CgF¢tak¢r5 & Cl¢an¢r5 salary Ministees housing allowance Employees Pension Natson4] IDsur4nc¢ MinisteTS txwses Othcr sthff ¢xp¢nscs Manse coullcil tsxAnd utiliti¢S Rent for manses Premises reDl- Wiwhbur8h Pr¢ttiises rentsj. Htddittgtott PYemis¢s rental- Esk Valley Other prerni5es re[1 Trainin8 coyts Jnsur4Dce Churcb heat and light Chur¢h t¢l¢phon¢ Ini)¢1 Xlltes. w&ter 5ewa8e Repairs & Renewals AV c¢$ Digital subs¢riNioMs SuDday school & Youth 8T0 Calenllg Churcll weeken¢81) MwiD¢s. Books, ¢to. Mtscellalleous outre4ch xt¢rnal counselling costs Centrdl church admin dw5 Presb)ry dues PrintiB& postage & stationery Adverti5illg & website Sanitsry mat¢ria]s aELd costs sto¢s1 df 136.534 1.850 1.9S8 20.489 24242 12,340 8,060 48.136 3212 441 136,975 150 2.0(kl 1.958 20,489 24232 13,548 151.830 517 1,8 26,866 37,643 67,587 679 219,417 1,196 1,8L¥) 43,532 70.776 37.025 16,666 33.133 18.207 3,738 5.606 iio) 1208 7.S(X) 5.611 53.747 3,212 7,409 816 7.743 5,646 7.493 22.027 13,139 17.550 7,409 4.080 10.799 7,627 3264 3.056 1,981 1.8t2 2.516 1,51K) 5.570 6,846 6.5ZI J7.IXM> 650 2.516 1,5 5,065 {505) 22,027 18J53 52,762 4,847 13.020 11,951 11.056 13.IK)O 975 17,577 30,000 1,625 5.214 35.212 4,847 13.020 1,386 4,012 6,897 455 6,758 15.723 9,672 8,589 455 8,416 15,723 2.479 3.451 13.532 357 632 1208 5,188 1,521 ,443 IOJ65 1.692 22 9,796 24.998 1.608 2.315 16.829 1.035 273 1.057 10,009 24.998 1.608 2.315 16901 373 3,755 A018 9,115 5.322 3.391 29 220 2,215 1,120 2,045 .625 1.362 (A6,608 1,658 233 364 2.869 357 3.087 10.663 72 373 15 4,380 2.018 5.322 1.098 632 1.208 4.124 800 1.341 3.740 1.638 7.097 721 102 129J 29 220 637 2.094 526 1.835 423 567 360.815 262 2,356 526 163 1,998 72 495 24 591 47.167 407.982 1,578 1.020 1.575 796 1.362 414.358 470 829 232,250 15
St Columba's Free Church of Scotland Notes forming part of the financlal statements for the year ended 31 December 2024 6 Attlysls af Expenditure {¢ont.) Unre¥trkted Re6trletr F¥Dds FyTrds 21124 Uttre5tr1¢ted Re5trfcted Fund TotAI 2024 Tot 2023 2024 2023 2023 Sub-tothl blf Svndry FJpen%s GeJJeTxI As8emblyCtt Legal fees Computer sofv8T¢ITr Accountsn¢yFee8 AvIndepCnd¢llI Examinatior Donaiioll 10 Cornerstone Donaiton 10 Sparkle Sisters Gr8nts and DonatioD6 P9id Loall ltsterest Ikpreciaiioft 360,815 47,161 407,982 875 5.987 414,358 12,584 300 600 4,714 232250 6,458 646,608 19,042 300 6.436 23.878 2.032 8.5 23,878 2,459 8,590 5,836 366 16 427 3.256 132,170 132,170 85,236 22.742 32J94 17,466 973.740 85,236 16,067 25.533 ,577 1.302 25,816 9,879 25.816 6,675 6.861 17,466 601,978 14.959 425.963 75,587 501 J50 371.762 Total eXpendIr¢ 425.963 75.587 501550 602.078 371.762 973,840 Supportcosts have been 8eparaolyideDtified a8 the ttustees ¢onsid¢r there is on]yone charithble acttvity. Th¢rcfot¢ supportcosts relate wholly to that activity and have noib¢¢Tr s¢paratrly idetttifj 7 Staff ¢o%ts 2024 2023 S&11e$ And wa8 Employers National InsurnJ¢e Pert5ilm Costs 125.246 I,soo 2.516 129 181,766 7,627 10.799 The &v¢rw numberof employe&q durtng the ye&T. calculat¢d i>n th¢ basis of a he&d r4)unL was follows.. 2024 Number 2023 Number 13 Ministy Administrdlion and 5UPPDrt Careke[ 16 This Tepres¢nts fijll time equivaleThi of7.4 stsff12023., 141. No ell¥loy¢¢ had employee £60,0(KJ {2023.. ttonel. The tt>tsl r¢rnullcrdtlQD of KeYm¢tnI PeTSODnel was £20.17612023.. £38,195) 8 Alldltot'sllndtwdent Kxamlller'¥ RemneratIo Th¢ ind¢p¢nd¢nt txamin*s rernutterdtion for the year kn Hollis A¢cowiting Ltd is £2.(KIO lauditovs remutterxtio for 2023 to McLa¢blan + Tiifits w&8 £3,000). A fee WB5 aiyo paid for5tawtory acti)ts prepataiiott. 16
St Columba's Free Church of Scotland Notes formfing part of the financial statements for the year ended 31 December 2024 9 Tanglble Trlxed knsets 1024 21124 FlxtureB & Bwlldthy Iqyipmenl Total 1024 2013 2023 FIxtstrt5 & Bwlldlngs EquIpDnt 2023 Total Cwt At l J&ttuary Additions Di5P05 At 31 Dc¢embcr 1,004.000 188,981 1,792,981 19.208 19208 1.604,(JOO 188.981 1.792.981 1,6fr4.000 208 189 1 812 189 188,981 1,792.981 Aetumulattd Deprtdatiort At l J&nuary CharyE fory Elirrin8ted on Disposals At31 D¢c¢mbcT 177,165 177,165 14,959 14,959 159,699 17,466 159.699 17,466 192.124 192 124 577,165 177 165 N¢t Bwk Vaivc Ai 31 Lkcem I,w,o 16.065 1620 065 Thc FT¢¢ Church of Scotland central church B( of TAl¢eS tId title to th¢ St Columb8's thuY¢h buildiDgy n¢t b(vJk vaEue of £JJil 12023.. £il} on behalf of both the Free Church of Scrtland CJ¢tt¢ral Assembly and the Sl Columba¥ congkgation. The &ss¢ts of the fonzKr Old School House. for th¢ Corncrstonc con8regatioM, wett donata4 to St thlurztha's during th¢ ye8r to 31 December 2014 and have 8 nei book value of £I75.1Kl 12023.. £175.0001. A n)8nS¢ Wa¥ PUTclwed during the yw to 31 December 2018 for the Corneysione tE8&tioll, rteÈbDok valu¢ of £629,Ol2023.. £629,(MM)}. Although Comerstone becanje a Ftee Chur¢h C(>8&¢i01i uj its owTr right, a s¢p8rai¢ registed charity on I l (kiDbcT 2022, the le8al ts3nsfer of OWneTshkp of th¢ C4)nvston¢ Mallse 3nd Church buildin8 bad llot beert tompietsl by the balaDce $h¢et date. As 8 rUl¢ thcse asscts are retain on th¢ Si Colulltsa's baLgDC¢ sbc¢t UDtiI th¢ l¢gal tr8nsfrr of owjership tr¢S pJa¢& Si C4lumba's Manse itt WAnekdtr P lioAd wa5 PUTclk9s¢d from the Fre¢ Cbutcb of Scodattd Getteral Ttwtees ftti 2022. The valu¢ of the prillxrty 15 £800,00012023.. £800.OWI. 10 InYestmeRts 2024 2023 MaEketvalut at l January Unrealistd gain I1105s) investEllts Matkel v81u¢ at31 D¢cemb¢r 21,387 2.886 24,273 21,050 The followittg Ittvestttw &re held with th¢ Ftte Chyrth of SwtlBUd.. 3702.41 ShRT¢ Pool units h¢ld- desiwted 516 Shgxe Pool units held- restrict&l UThrtttrltttd Rt6trltts T•tl UrtreBtrlctul Restrlcted FUJ Fulldi Total 11 Debtors Funds FndS 2024 2013 3,865 28.835 18.362 5,872 43274 19,892 7,098 17.409 2.903 3.4S6 4,430 io.(x)i 20.865 4.430 Gift Aid ¥¢¢eiv&ble Other debtorg 14.439 1.530 51.062 17.976 69,038 24.50? 10.789 35,296 17
St Columba's Free Church of Scotland Iyotes formlng part of the financial ststements for the year ended 31 December 2024 12 ctrellt itbllld nd IollE term credlto Unr(¥trl¢¢ed Restrlcted Fpnds Funds Tot1 2024 Unr¢stTlcled Reslrfettd Totftl 2023 Dlle wlthltt l year Aceruals and def¢Tr1 income 54246 3.5 36.134 57,251 36,134 13,614 5,618 33,768 19,232 33,768 54,246 Cr¢dlton after l yegr 7,758 7,758 648,431 656,189 648 431 656,189 7.757 7.757 658.896 658 896 666,653 13 ADalys1¥ of NetAnets Among 2024 2024 2024 Unre5tTlcted Re8trlrted Total 2023 2023 Ullrertrltt¢d Rutrithd 2023 Totsl Fixed Assets Iovestsnents CurT¢llt A5xts Currertt Liabilities Long teryn liabilitics Net4ssetJ At 32 Dtc 221.337 21,303 238.053 154,2461 1.398,728 1.620.065 2.970 24273 73,534 311.S87 139,1391 193,3851 656 189 787 662 1206 351 217,088 18.771 189,326 {13,614} 7,757 403,814 1398.728 1.615,816 2,616 21,387 109.149 298,475 139,3861 153,(Wl 666,653 418.689 812 14 Movement iu Fund i Xpeuditure Gakn¥lo¥su on InwestmeTrt and 2024 OIIOV24 IrallsfeT5 31112n4 Rtttricted Fund Audio-Vi5ulll ChuT¢b plant Cornerstone Building Prnjwl Cornerstone Maose Child sponSOTship Eskvalley H&lditigrots Cbwrb P]attt Hardship IT Fund Inv¢smMt Sparkje Sisters Spe¢ial tollec150n5 St Columbas, Malt Fund Weekend Rway Winchburgh 361 91 1165.471) 598.728 {135) 226 91 1165.4711 598,728 17841 3,859 110,0611 28,777 lQ6.933 2.132 22,575 106,933 2.702 804 2,970 798 33 72 12281 {360) 1721 1.553 (123} 3,981 15101 13.800 137,5091 17621 7.440 25,043 31.536 2,6J7 353 220 236,511 3,691 212,802 762 17,603 812 787 662 18
St Columba's Free Church of Scotland Notes forming Part of the finantial ststements for the year ended 31 December 2024 14 Movemtht la (tOllLI 2024 leooL) FITnd& blf oimill4 thvestm¢ryt 3J112n4 UDfe5tricled Flld5 Gener&1 Assistatitminister Support Asgcmbly C8fè A&*cts Fund Corn¢rston¢ D¢5ignated 27,S79 298,268 1271,542} 29.794 (7,7941 (11,459) 42,846 22,0(K) 1.628 234.554 1,628 234354 (4311 1,794 {9,098) 77.740 (67,510) 75 12201 431 7.149 155 82,]92 4,508 12.027) 18,770 7.416 368 Fsk Vallcy Fttbtic Fund Haddittgton lovcstrrwt Fund Mans¢ Property M¢os group M¢¢li5Lg Ministerin trtittin8 S8f¢ Familie5 Win¢hbtsTgh 92,422 4,363 12,0271 21 J03 15,8131 518 536 {13,765} 473 {400} 11.916 (14.76 374 35.960 140,43 2.015 2,851 373 6,599 28.671 II7,6031 403 814 457.454 425.963 16.616 Tot(0$ 2024 16.025 488,990 501,55Q 51 19
St Columba's Free Church of Scotland Notes forming part of the finanefial statements for the year ended 31 December 2024 14 Movemellt lth Itottc) 2023 ¢ompargdv¢ Re#rlrttd AlIvi8u Chutch pi&ryt cornerSne Assistsnt Minister Jn¢ome xpendlture Glnsnosw OR Investment d trfr$ Fud• clf 3111V23 biroiioirA3 200 1373} 31 361 12,223 10,156 2111 C(HTWStoTr¢ Inl¢rD fund ConjeistorteknIéth1 Prnjtct 93 {5,fj061 14,6431 1168.282) 4,106 {4,106} ConttC1ry toCityAthDin CornctswlleHfirdsknp CorEWStthvMan5 Cornustone Minisr-In-31ntt COrDy10c Spfjw5b ill[ CoM¢tst(CTrnlr cotneTston¢weeke1 llw•y 4.300 70 13,740} 18491 964 59B.728 81H) 136 598,728 7.168 19.4471 16301 1,479 8,IN15 125 18,0051 1251 740 1100} 531 14.7571 14.3301 EskVali¢y EYGWeekefyJ away GilfflertOD Cbuf¢h Haddington Churrh Pjanl HAtdship IT Fund JD.040 (5Ql 4,767 3.330 11273) 1.050 15.11101 28,777 100.638 2.159 239 93.788 187.4931 75 (678) 998 11061 (671 106.933 2.J32 576 2,576 13.401 67 41 2,617 L¢V¢njUth Chh PJBnt Spawsh(thut¢h SpRrkle Sists collwtii)t15 Si lUMbi5, mll¢ Fu W¢¢0 awuy FLUYI Winchbwgh iio 110.6801 136,4361 47 36,436 82,451 1127J821 10.864 {12,7301 1250 {25J331 4.7 {5292) 24.218 167,434} 45,265 2.0¥6 200,794 220 383 59,164 115.9481 886.620 Unrestrlc¢ed rDdI 305.676 1371.7621 18,3231 9,495 13.9491 26S J38 1221 J321 9.351 14.394 541 128.9221 13,048 9.779 27,579 Assis Miti1st¢rptyt Assemblycafé Fund 124264) 13001 lJ87 234.554 1.628 234J54 AV Comerswne AS541tMI[lls Comrrttonc kn¢volEnt (2,8581 2858 2,981 32.851 16,194 83 {6.2001 113.179 1226.852) 3219 80.822 corrSt0c Ctytocity Ciwn%Ili8 and TrainTThg Egk V*1Y Fabn¢ Fund Haddin8Ws 6.028 15.9361 51,586 167,0311 4,595 15.6791 12,3371 155 82,192 4,508 12.0271 97.637 5.583 11,51X)I 20
St Columba's Free Church of Scotland Notes formlng part of the financial statements for the year ended 31 December 2024 14 Movemtttt (CODt.I 2ETr23 ¢ompAratlve leoBt.) 1jftresetOd fund5 Iwnt.) jllye5trAl Fud Lrnrwuth Church Pknt Fun Wfoi/oin3 Income GaltssAoJ5¢S nds InveMmeDt trgllsfen elf 31112n3 18,474 s.11 481 12,987 9,725 ?52 19091 13,2691 14(K>l 1201 7,416 368 W1hhr8h 56,755 24,550 152,614) 28,671 480,725 516.5D7 I2,078 403.814 Total tompaAtiv¢ fund5 2023 1367.145 822.183 973.840 337 1216025 Fund pwrposu: Rejtrfctsd Funds: Spec1 colleclions Fund - r¢pr¢seDts fimd5 coljxtrd for BlfIed cbtiritsbl¢ 8ryd uswlly g¢ncrnted from petiodic colledion5. MinisryAssisEQnl F4nd- the bala[¢ of thÉs Fwmi was u8rJ8fetted to the Ass¥stsDt Mi[¢r Fund a5 it was a dupli¢ate FuThd. Wc will no lon8cr use this Fund. AVFund- pres¢]]ts fid for Maintailling aT d¢v¢loping AV 11.T Systems in ¢hur¢h. A new fund for l.T w OPEned in 2022 to k¢¢p th¢ njnning costs separat¢ for AV and l.T. His$Eons Fund- rcplesenis fild$ 8ivet) for central chuTch mi$55fbns. ChildJponsorship (Compdssifjn) Fund-repr¢5¢nts fimds donattd fi)t sponsorship through G)ttwioJJ UK WeekendAwayFupJd- represents booking fees fiwds raised for Chwch ¥veekend owsy. BuildingDevelopmeni Fund- r¢pre%nts funds given to meet expendtture on the St Colwhb4'5 chUb build5. JKveshnepJi - represents eJthwm¢nts held througb the Cetttrnt Offjces for sustutation and trainitlB of the Mini$tsy. IlanlFhip Fund - Tq>resellts fimiS don8l¢d to h¢lp Ihose in n¢¢d. Church Pl¢uJi Fuud- repTes¢nts nx)ney vert to support chih pjartt CoTrxersiorte l#i£rn Fund- represents fuThts gsven 10 5UPPOrt Intern rrt)5iIEon in Cornu5tone Church plant Mornin8side Ctsrnentone City 10 CItyAilminfvnd. repres¢ots fuuds 8iv¢n io suppott Admitt. CornepJtone Hardshw Fw)d- T¢PTes¢nts don4i¢d foT those in need. Cornepsione Minisier in Troi4ing Ftsnd - represents funds thnated to SUp[K Minist¢r ID tr8uJsn8 at Corner%ione Church plani Moroitigside. Conre>L7ne Ministry Apprenliceship Traiming F¥nd- r¢pres¢nts donated for6UPPOrtlll8 attd trtiDirJg Appr¢lllice ai CotuetSltrLe Church plBnt Morningside. Cornersrone Spanuh Intern FuThd- r¢pru¢nts fijtth given lo suPrt Spanish Int¢rn positioll in Conrst0 r¢ ploot M4)min8side. Cornerslone Building Projecl Fyud- r¢pr¢sents fut5 Ven to meet expenditute on BrUDtsfKldO[n1ll8de Chb Plalll buildiDg development. Cornep¥Eone Ch#r¢h PlontFund- ttpresents funds for use of the Bn2ntsfielthMorninBsid¢ Chw¢h Plt. Esk V8lleyF#rtd- represents fimd8 for of the Midlothiall church plant, Esk Va]l¢y Church. The CornerNione Monse Fund - TepTegnrs th¢ proportion of the n¢t book value of the manse purchll¥¢d for thc Lo]yJerslone church plant in Mornin8sid¢. TheHoddFugton Ft4Jtd- represenis bJndÉ for use of the Hllddington Church Plgtit. The Corjrtpytone Truining Fund- represents funds relatin8 ¢0 tr4ining and lo¢aJ workers orcorners. ri EYGWA Ful- Ipr¢viously knowi] as The Esk Valley Weekettd Away FIl- represcllts funds latIng to the Youth (rlOUP Weekend Awoy. The Ivinchbmrgh Fund- reprtsents fimds for use of the WiJJthburBh ChtEtcb Plant. Sparkle Stsiers Fund- reprttettts funds donated to 5UPPOrt the work of Sparkle Sisters. Conjersluiie Assisiant Minister Fund - T¢pres¢nts funds for supporting the employnxnt and work of the &SSEStartt miniswr. 21
St Columba's Free Church of Scotland Notes formlng part of the financial ststements for the year ended 31 December 2024 14 Mtsvement In Fund5 (wit.) Fnd PUTPOSU: Rtilrkted ItonL): Cornerstone FVEekendAwayFrmd- represents booking frcs aryj funds raised for chLrth weekend away. I.TFund-New Fund cr¢aled for donations io support the l.T twnrting ¢osts ofthE ¢hurch. Previou81y included in the V Runnillg ¢08ts CorFJersione Gevenmouth Chrirch Plonl)- repre5ent5 for of th¢ L¢v¢ntwuth Church PlanL The Si Columba s MaKseFund- tWeSeDts th¢ loaD Tep&ynxnt¥ ro the Tnjsiees of the Free Chuwh of S¢otl4nd for the purcl¥as¢5 of th¢ M8ns¢ in Junc 2022. Futsd puryo5Ès: UDre%trtcted Fund$ The Geiieyol Futsd- encompasses Èll ttitonxe And exrnditur¢ r¢lttting io the wimary focus tctivities tsf thr cherity, other than those foT Ththich fundiog is restii¢t¢d. The Design4ÉedAssembly Cale Fuvd- rcprescnts money collecod through the annual Assembly Cafe aJLd yattts from surpluses ftwde. The D[gnledFbncFUM- rtpresents llM>Jy sd g5id¢ r¢wlarly for fiwre work ots the ¢]nJrth fabric aDd fitriEgs. The Duignaled Goeli¢ th¢ fund5 wue transferrcd equ&lly aft85t Sparkle siSS. BdhBny ana 8arLthus as the is no longw R Ga¢lic s¢rvic¢. The De.tt¥rted Property Fund- ]wes¢nts fvn(Ls for th¢ provisÉon of alld work on con8re8atioLal pms)Ertie5 1ft¢l18 reJ¥t of man. ThEDasignuiedA¥Fuvd- r¢pr¢4¢nlB fwld for Rsnllling attd developi]J¥ tbe AV syst¢JAs th¢ clL¥r¢JL rheApureilCtFd-rcprfS¢trts ftsnds forsupporting th¢ ernploymenl and developmenl ofministy appreniice8. The DeslgTi4ied A&fuiatsi Allnisler Fund- repre$ents fid8 for supporting the emplowl and work of th¢ a5Si5tant ster. The Gr¢y Meedog F¥rtd- New fvnd creatrd iti 2022 ]tPTes¢tsts fulld5 wll¢¢teil and used a8 I wts ftri guest yp¢ak¢rs al th¢ m¢a¢ng5. The Desigrtoied CornerYlo#e City lo City Fwid- ttptsents fiJJNts d¢$tgDat¢d 8UPPOrt other cluLr¢h pian1$ who are of ihe R¢deerti City lo City Ghutch parShiP network. TheDesixnottedLisk Y8lleyFupJd- rqJr¢sents fvnds for we of the MidlothiÈll dJuTch Esk Valley CILur¢h. The Hoddi4gron FuJhJ- represents futtds for L%e of thc Haddington Chw¢h Pl¢ The Tyinchburgh Fund- Tepteyenls fijnds u5¢ of the WiD¢hbvrgb Cknurch PlaJJi. The LK-GI Worker Fund- FUT5 ttEnsfew¢d to General as we no lojjger have a local work¢r. Th¢ were used towards the wst of Admin %tJ(r in 2022. Th¢ Cornerstone AJsoeMie M(#f$ierfyttd- repgettts fuTth for supportin8 th¢ ¢mployttxnt and of 8tt IS$78te mini%ttr at Cornerstone. The DeswioiedCorJJer&rone 3ePJ¢volntFd- r¢preBents fvnds desigtiated to help Dd. The Designaied Cornersione 3Hildivg FuNd- Tepr¢gents fund& designated for bui1ding-r¢1at ¢xpendiil]rt. Cornepsiotye (L¢¥nmoMih Church Plonl)- repregeJLts funds for use of th¢ t¢v¢nm(wih Church PlanL ThÉD£FignGted Counselling TrainingFund- rcprts¢nts funds for coutLs¢lling and training. Ike DesigKGied CornersiooeD¢vlgn4iedFuNI- represents funds use by the BTulltsfield MOrninde Chlb Plant Negatiwe Restri¢led Fund Balance At the y¢arend, th¢ forn¢oton¢ Buildbng Projeet.. 8 Mtricted fumd, h#d a negati fiujd b&lance of £1165,471112023.. £1165,4?111. th1¢ w the anomaly of pr(sje¢l b¢ing funded like a capitsl project. but imd¢r th¢ SORP the expendiwte wa8 considered repaits r8ther than ¢8Pital expendire Bnd therefor¢ writt¢n off in the SOFA irt Ihc ¢unrnt ar raEher than Over the term of the I( this bas resulted in a negativ¢ reslricied fijnd al the year ¢ud. Th¢ forner¥ton¢ DesiBng%ed Fw)d' 15 fiding the rcpayments of the loatt over tbe of the loBll. Trlgd tr ¢xp¢ndiDJre been tr¢ad as capital. the fund would be in surplus the nel book value of the ¢xp¢ndituT¢ malcrially more thatt the bala]Ke of the outsiattdiIkg. As th¢ luart Is Jepaid, there will b¢ a transfer from the designad fund tts the restrictcd fi]nd to ¢1¢8r the loan balattc¢ ovet the terth Df the loan. It is th¢r¢foTe considutd apprtiwiak to Carry fonwdrd the ne8ative resthLed fiLnd balance which will b¢ r¢le85cd from the des1d ftsttd a8 the i$ pId OV¢T th¢ ¢¢rm of ihe loan. As noted above. it il expected thdl the prOlIeS and a5SOCidted loans will b¢ transf¢rr¢d to Corn¢rsione in due COUTse as 1¢ is an indepetsleni ¢hatity. 22
St Columba's Free Chureh of Scotland Notes forming part of the fmancial statements for the year ended 31 December 2024 15 Trs[tr$ Uttmtrltled Restrlete Funds Yotl 2024 Ullrn8trlcithl ReslrI¢ted Totsl 2023 111.459) {11.459) {28,922) 13.048 9,779 (28.9221 13.048 9,7?9 Apprenti¢¢ As51$tsnt Mirti5ter SupwTrrt Assets FuThd Auditi-visual Child srM)nsorship Corn¢rston¢ As5i5t4Dt MiD15t¢r Cfjrnerslotse A&w¢iaie Mitiister Corn¢rsione BCUK Intrrn fd Cor]1e BeneM>len Corn¢rstonc Building Conjerstone Church Plant Conmwne Cityto City CorELetstone DeSIted CoMetone Hardship Corry¢m¢)n¢ MiDister.iD-trainiD Cometstone Splnish itttem Corn¢rslon¢ Training ConJ¢tstone W¢ekend Amy Coun1}ifi¥ and Training E5k Valley EYG weekclld zway Gilmerton Church Haddinwo Hgrdsbip tnvesttnetLi Fujjd L¢v¢runouth chUh Plani Mthister itt traitiitig St Columbas MaDse fid Saft familitfj Spanish Church Sparkle Sister5 Special ColleciioDs W¢¢k¢nd away Fw Witichburgh 31 740 18101 784 784 740 {810} 2,858 14.6431 2,358 (4.643) 3.219 3219 14,1061 14.1(k51 {561) 116,7551 80,822 1185) 1.479 {16.1941 80.822 431 431 (185) 1.479 {8.MS1 (251 18,lJ051 1251 7.149 7.149 11273) I,oso I5,0) {1,2731 1,050 {5.(X)O) (1.5001 576 1481) 110.6801 111.589} 11,500} 576 {518} 14811 19091 2.851 2,851 {36,4361 136,4361 47 47 762 17.603 762 383 59.164 383 0.550 117.6031 19,149 152,6141 19.149 8,364 8,364
St Columbo's Free Church of ScTrtl8nd Notes forming part of the fin8nci81 statenjents for the year ended 31 December 2024 16 Dohatloths attd fts 2024 2023 21) S¢hets*5 2,¥1 1,210 Athens- Inlemarional TeaDwUK Bethany Christign Trust ChTlStiaTr Heritage E41inburO1 Q>mpassiott UK Corner510n¢ Dutni5ani 752 437 1,735 850 EYGW F¢ChT¢h- Elder Memorial Freellr[b Youth Ca]bpcfCrCllcE H&,dshi rants- St Columb& 1,550 ,176 fj( 850 1,5Tr) Release kntern8tioJMI Sgfe Famili SASRA Scriptur¢ Uuion Spk]C i(M) 123 l(KJ 1,894 58 2.736 1.580 iJoD T¢fUlld UCCF Oth¢rlbclow £51KI} 800 24