Hilton Parish Church Of Scotland, Inverness Report and Financial Statements for the year ended 31 December 2024 Congregation No: 372144 Charity, No: SC OJ6775 SORP accounts
Hilton Parl%h Church Of Scotland, Ini'erness Trllstee5' Annual Report Year ended 31 December 2024 The trustees pres¢ni th¢ir annual repoffl and financial statements of (he charity for the year ended 31 December 2024. The financial statements have been prcpored in accordan¢¢ with thc aecounling policies sel out in nol¢ I to the arrounts and comply wirh the Gcncral Assembly Regulations for Congregational Finance, the Chkritics and Trustee Investment (Scotland) Aci 2005. the Charities Accounts ISLotland) Regulations 2006 las amended} dnd Accounting dnd Reporting by Charitie5.' Statement of Recomm¢nd¢d Practice applicable io charities preparing their a¢rounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ircland effeetii'c from l January 2019. Obje¢tSve5 and activities Thc Church of Scotland is Trinitarian in doctrinc, Reformed in trdditioii and Presbyrerian in polity. li exi818 to glorify Clod and to work for ihe ddvanc¢inent of Christ's Kingdoni Ihroughoul the World. As a naiiunal Cliurch, it acknowl¢dgcs a distinctive ¢all and duty to bring th¢ ordinances of religiion io th¢ pcopl¢ in ¢v¢ry parish of Sroiland ihrough a territorial tninistry. It co-op¢rptcs with oiher ChuT¢he5 In various ecumenical bodies in Scotland and beyond. Tlie objectives of the Church are to support tlie adi'ancemenl of Christian faith and missionary work boih wiihin the Iocdl comjnunity and across th¢ World. The Church is also keell to support Christtdn Ei'anEclisti¢ work and pastoral carc through the piovi5ion of cducation in the Christiaii faith for adulis and childrcn. 2024 wa5 a year of contit]ued progress for Hilion Church in ternis of ils minisiry and missiun. Aft¢i' sevcral years of delay caused by Covid and Presbyrery planning, permission was grant¢d to refurbish our small hall and kitchcns. The work w2$ d(Inc during the suinmcr. Thc new faciliiies were i)pcncd In Augiist and now provide ihe congregation and the local community with tremendous spaces to use on a daily basis. The congr¢galion. moiivated by 2 strong sense of commitm¢nt to Christ's mission. arc invulvcd in a wid¢ variety of mini5trics both within the c()ngr¢gation and out to Ihc wider communiiy. Th¢s¢ ministries arc outlined within the Achicvcmenis and P¢rformance section. The Church inlcnds to achieve its aims by receiving donations and financial support from the congregation. Achievements and performance During 2024, H'e have Lontinued to provide ivorship s¢Th'ices within Hilton Church together with a simultsneous liv¢stream ai 10.30 am on Sunday mornin¥g. A series of 2flernoon and evening biblc %tudics look place in thc church, both in Ihe Spring dnd Aufumn. Thcse g2th¢rings were well attended and Provided a significant opportuniiy for fello'ship aiid Icaniing. Our youth ¥roup, Nitclife. Ineers on a weekly basis with the youih from Sl Columba's Parish ChurLh. DuringF 2024, they hdN'e participaied in a atlY of cvcnt5 With neib)hbouring c()ngTegatioiis. The c()n&yie&Tai (ion al%0 coiilinues to support our leenagers through a Mentoring Schen)e which involves a variety ol-evcnts on the first Sunday of each month. Page I
Hilton ParÉ5h Church Of Scotland, IRverDe5S Tru51et5' Annual Report Icontlnued) Year ended 31 December 2024 A¢hiev¢mtnts and performance tontiDu¢d The Parish grouping iogether with our neighbouring congregaiion. St Columba's, continu¢d to grow and develup during 2024. The two con¥regdlionts ¥haied in a variety of worship services and a BBQ. as well as ¢oniinuing lo explore further ways in which we can work iogether tnore collaboraiively. Th¢ demand for usc ot. our buildjngs, especially the Large Hall, ha5 remained high throughout the Year. The Large Hall is in constanl use ihroughoul the week. The Anchor Cafe continues 10 be a significant venue for hospitality and communitywiihin ihe local area. The room5 UPStaiTS in the Lighthouse are regularly Ubed by a variery of chariiable groups Servin8 the local community. The Craft group which meets on alteTnaie Thursday evenings held anoihei Craft Fair in the chur¢h in November and raised over £2,000 for rhe local Foodbank. During th¢ year. oui congregation has b¢en pasttsrally active in looiung out for the needs of one another and our neighbours within rhe community. Our voluniecrs have also worked hard to care for Ihe ground5 and buildings so thai the Church continues to be a 'ell maintained and welcoming place for everyone who comes. 2024 has been a positive yeaT foT Hilton Parish Chllreh. There ha5 been a steady stream of visitors aMtn(ling our weekly Services with a few becuming r¢¥ularly involN'ed in Ihe life of our ChuTch. Thc congregation has given generou51y lo the missiot] and mini.%iry of the ChLETch. We liaN'e bcen able 10 fulfil all OUT conin)ilmcnts in ierni.% ()t' Ministry and Mission. FinAnei41 rcvlew The principal souices of income are Gifi Aid offerings. weekly freew1] offerings attd open plate collection. Thc lotal received from Ihese source5 (including tsx recovered on Gift Aid offcrings} in 2024 was £73.997, an sncrease of 1.36Q/o CDmp8red 10 2023. The Church has returncd a surpllls ort unT¢Strict¢d funds of £7,427 12023 £13,513) for the fjnaneial year 10 31 De¢tmb¢r 2024. before Iransfcrs. The Church ¢¢)niinucd lo rely on Ilic getJet()Ub dvnations from tlie congregaiion and flnancial 5UPPOrt from other eharitable bi)dies. Investment polley #nd performance Al Ihc sian of 2024, Ihe churih had invesrinenis of £6,075 held in the Church of Scotland ltyv¢sloTS TNs1. Nu addiliLins or disposals have iaken place durin8 Ilic year and ai the year end, the tnarkci value ofihe church'5 inveslnienls was £6.648. Rl$k m#Nagernent lThe principal cau5e% for concern are increasing cosis and decreasing incolne and free reserves. Efforts to relieve the position are being undertaken both in conlrolling Costs wheTe Pobsible and focusing on irying IL) incT¢a5¢ membcrs giving. Reserves policy The ¢banty Irusl¢e5 hav¢ considered thc Tes¢ryes requsr¢d and have taken into accouni Iheii Lurrent and future liabililics. It is the INSlees' policy to hold frcc rescrv¢s ot. approxiinately £26,000. Ai ihc balance sheet date, rhe general fund shows a surplus of £79.779 which reprtsenis about l O nJoDih5 expendin]re. At the year eT)d the c.hurch held various de%ignaied reserves of which £11.090 had been designated for fabric fund Jnd £1,178 de51¥lldled foT SUPPOrting Ihe Loinmunily wilh 5peLi41 needs. and £724 designated for oih¢T church organisations. Tlie remaining £269,249 15 repres¢nt¢d by the fixed a55¢ts of the Church, in particular, Ihe cost attributed to the Light House building. Page 2
Hfi]ton Parish Church Vf ScotlJ)nd. Inverlle55 Tru51ee5' Annual Reprt {othntlnutd YtHr vndvd 31 Decernber 2024 Slruclure governance and mangement The congrcgaiinrt 1$ a registered chafilv, numb¢r SC016775 and is administered in accordancc with the tctrns of thc Model Deed of Consliiuiion and is subjeci to Ihe A¢ts and Regulatio]]s of ihe (ieneral Assembly of the Chur¢h of Scotland. Members of the KiTk Session and the Congre8aiional Boaid ar¢ Il)¢ charity irusiees. Th¢ Kirk S¢55ion memb¢is are the elders ot. the Church 2nd dTe Lhosen frnm ihost n)em'r> 4)f th¢ Church who are cot)%idered to have the appropriatc gifis and skills. The minister. who is a inember of Ihe Kirk Session. is clcclcd by thc cong7regaiion aTJd inducted by PT¢sbvicry. The Congr¢gaiional Board Is appoinitd from Thithin Ihe u)ngr¢gation and members of the congrcgalion are inviied i() n()miniilY in(lii'idual% 'hI? ii¥e believed i() have the skills and ¢ommLtsneiil lo conlribulL l(1 th¥ tnallagernenl dff¥irs of the c.hurch. io be¢(kme member* of the Board. Board Metiiher.% drt Ih¢n 3pp(iinl¢d al Ihc Siaied Am)ual Meetln8 and serve for a peri ol Ibrec years afier which they musl seek re- election ai the next Statcd Annual Meeting. Stru¢turei gDYernAnce and m#n#Eemcnt eontinued Thc Con&rrcLJaiiondl BThI is chiiired by sain Ri)K%, and ni¢ei.4 approximalelv five IiJii¢s a year, dnLI al other OLLasions as deeiiied appropriaic. Certain re%poii%ibililics arc dLle&yaied lo lh¢ FinanLe Conimiiiee and Ihe Propcrry Conunillcc who then rcpon Io Ihc Bndrd The Kirk Session, which meets six Iinies a year gnd other iYc?$ions as decmed appropriate. is re5pon$ible for spiriDJal affairs within the church. Reference gnd gdmlnistrative informstlon Tru5tee5 Ikirk Sc%sinii Con rteational Board Pr+1 Charity name: Cnnlact addrv&S: Hilion PaTish Churclj or SLvll&iiJ, Inv¢rnes5 Hili<)n Parish Church 4 Tomatin Koad INWERNESS IV2 4UA PaBC 3 Hilton Pariib Church Of Srotland, Inverness
Tru$tve5' Annual Report l¢ontinu¢dl Yer etjded 31 December 2024 Charitv r¢E151ration niinkber: Congreg&tlon referenee Thumber: SC016775 17?144 IndeptndeTrt Examiher hlacKenzJe kerr Ljmiie Cljarlered ALLI?unlanl Redm'ood 19 Culduihel Road INVERNESS IV2 4AA BAnker$ Bank of Scotland 2-6 Easigatc INVERNESS IV2 3NA Trustees, Re$ponsibilitits in R¥l#tion to the Finan¢ig1.Statemen15 Tlic charity Iru%iee.s arc rcsponsible tor preparing a tru%tecs' 8nttual report and financial statcments in ac¢ord3n¢e with applicable law and United Kindgom Accounting Siandards Iunilcd KinLdvin Generally Accepted ALCI)UTtling P14cITrLCI. The law applicabl¢ 10 chaniies in Scoiland requires ihe Charity Iruslccs 10 prcpare financial 51atemctJts for each y¢ar which show a ¢e and fair vic. ol'ihe siatc ot arf)irs ofihc chanlv and ot the income and ¢xpenditure ot Il)e cliariiy Ii)r Iliat p¢ri4?d. In pr¢parin8 the financial 5tal¢iiienls. the mLsi¢es are required to selcci sulble accounting policies and then apply them consi5tently' ob5er4'e the method und principlLN in IhL appliLdblr Charilies SORP.. niake judgments and esliniaies Ilial ale reasondhlL dnd prudtni., 4iaie wheiher applicable atcouniing Standards and Sthicments of recommended pra¢ti¢e haN'e been followed, Subject io any departurcs dis¢los¢d and explained in Ihe flnancial stsiement5' and prepare the financial slatentenis the going concern b3Si5 unless li is inappropriate to presum¢ thai the chariry, will cnntinue in opc¥ational eKi4lenLe. The tTUSiCC% ar¢ r¢sp(Insiblc foi keeping ad¢quat¢ accuuiiling record% thLI %urriLiLnl Iii %h()Iv dn(l expl¥in the chariiv's trdnsaclions and disclose wilh reasonablc aL¢ura¢J al anv lirne the financi21 posiiion of Ihe charity and io enabl¢ th¢m LO ensure Ihat the financial stsleTTienl% coiiiply willi Th¢ Charili¢s and Tn]stee£ Inve%imEnts Iscotlandl Aci 2005 and th¢ C.hariiics ilccounls ISLvilandi Regrylalions 2006 las ainendedl. They arc responsiblc fur safcguarding the of the c.hurch and hcncc for tkikittg Tcasonable slep$ fuT Ihc prci'cntioTh and dei¢ction of fraud and otliLr irrL¥uloriliLs. Approved by ihe TTUStecs and signLd Ih¢ir bL-half.. Page 4
Indepedent Examiner's Repthrt Tts The Trustees Of Hllton Parish Church or Seoil¥nd, Ini'erness IOT ihe >'ear ended 31 Derember 2024 I report on the accounts of the charity for ihe year endcd 31 December 2024, which are set out on pages 6 10 16. Respective r¢$pon$ibilities of Trustees And FJXamier )e el)aTlty'% (rusteL'S arc responsible for the PTeparaiion of th¢ accounts in aecordance wtth the temis of ihe Charities and Tnjstee Ini'esin)eiit Iscotland) Aci 2OU5 and Ihc Charities Accounts (Scotland) Regulations 2Qn6 (as mended). The charity Truslccs coiisider that th¢ audit requiremeni of Regulation l 01 I I la) to Ic) of the 2006 Accounis Regulaiions docs not applv. It i,% my rcspi)nsibilily lu exaInin¢ the aLL()unts as required under section 44 (I I IL) of the Act and 10 siaie wl)ether particular mailers hdve come io my alleniion. Ilasis of Independent Exaniiner'¥ Stalement My examination is cttrricd out iii aceordanLC with Rcgulation I l of the C.haritie% Acc(Trunts {8cnTland) Regulaiions 2006 {dS dm¢ndedl. An examination includes a revieiv of ilie aLcuunting records kepi bs ihe charil), and a compdrison of the accounts present¢d willi IhosL r¢oordb. li albo includes con%iderdtiDn of any unusual itenis or disclosuriq iii Ilie aLLounis and SLeks explanations from the Trustees conccming any Such mattcrs. Thc procedures undertaken do not pr(Jwid¢ all tl)e ei'idcnce that would bc rcquired in an audit, and collsequcnily I do noi express an audii upinion on the view. given by the accounls. Independent F.x•miner's Statemenl Tn ihe coiirse of m J. examinaiion, DO malt¢r has come to my dlt¢ntion which gii'¢s me reasonable caus¢ to beliei'e thai in any matc¥ial rcspcct Ihc rcquirenienls.. to keep accouiitillbtr records in dL¢ordance with Section 44 {1 I la) of the 21)05 A¢1 and R¢gulaiion 4 of the 2006 AccounLS Regulations las amciidcdl, and O PT¢par¢ acci)unts which accnrd witli ihe acct)unting records and C4)1)Iply with Regulation 8 of ih¢ 2006 Accounts Regulations (tts aTncsnd¢dl hav¢ been Inei, or io whiLh. in my opinion, attention should be drawn in oid¢r to ¢nable a proper und¢rstanding ofthe accounts lo be reached. Chartered Accounlant R¢dwood 19 C'iilduihel Road INVERNISS IV2 4AA Date.. 2025 Page 5
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Hiiitsn Pr15h Church Uf Scotland, lthvÈrnè$s BIlAnrf Shtet At 31 De¢tmbtr 2024 2024 2023 Note Flxed Aystts Tan¥ible Fixd assets Tn¥esimenls 269.249 6.648 75.897 229.841 235,916 Current A55ets Ilehior Rdnk cash 5,081 35.835 9Q.916 4.893 116.Y¥2 Crtdlwrs Asi)ounis l#llin¥ duL' H'irhin yedr 12 4.4911 15.623 ET CIIRR&:NI' ASSb.TS 86.425 81.357 TOTAL A.%8ETS I.F,S.S C.IIHIIF.PiT I.IABII.ITIFS 362.322 317.27 Yk'l. ASSETS 317.273 The fund4 of Iht charllv.. LnrtslritlEd Fwnd> General lund D¢stgnaied funds 14 79.779 .241 362,020 74.725 242.46 316,971 Restricltd Fynd5 14 302 302 Toil ChArit>' Dunds 162.322 317.273 The at¢ounis were approv¢d 8nd signed by Ihc Kirk Sc&5ion and CoDgregaii•nal Roard tsn 11 2025 Forand ort bchalf of the Tk S¢iDn and Conw¢RatiTrnal Board Pag¢ 7
Hilton Parish Church Of Scotland, Inverness Noies to the Financial Statements for the Year ended.11 December 2024 Accounting Policies Charity information Hilton Parish Church of Scotland. Invemess is an unincorporat¢d charity registered at the Office of the Scottish Chariiy egulalor. Basi5 of preparatio Thc financial 5tdtemeTrts of th¢ ¢harity, which is a public benefii entity under FRS 102, hav¢ b¢cn prepad in accoTdanc¢ wilh Accounting and Reporting by Charities.. Statement of Recomm¢nd¢d Practice applicable lo charities preparin¥ their accounts in accoidthLe with the financial Reporting Standards applicable in the UK aiid Republic of Ireland (FRS 1021 {¢ffectiv¢ l January 2019) and Ihe Financial Reporting Standard applicable in ihe UK and RepublLC ol- Ireland IFRS 1021, the Charities and Trustee Inveslmenl Iscotlandl Act 2005 and the Charilies account5 (Scoilandl Regulations 2006 las amended). The financial staicmenls have been pTepaied under the historical cost conveniion, modified to include the revaluation of certain financial instruments at fair value. The charity has taken advantage of the provisions in ihe SORP foT chtiritie5 not to prepare a staternent olcash flows. The financial staternents are prepared in sterling. which is the functional curr¢n¢y of the eniily. The pnncipal accounting policies. which haN'e been applied consistently in th¢ ruent and preccding ycar in dealing with items which are considered material lo the accounts, are set out below. Funds Funds arc classificd as cither restricted tunds or unrestricted nds, dcfined as follows. Resiricled fund% aTe funds subjeci lo specifie requirements as to iheir use which may be declared by Ihe donor or wi¢h iheir auihorily or created through legal processes. but still M'ithin ihe wider objecis of the charity. Endowment funds are funds which have been L?iN'en on the condilion thai the original capiial sum is noi reduced. but the income IheTe frotn is us¢d for thc purposc defined in accordance i¥'iih the objects of th¢ chaTity. Unrestricred funds are expendable at the discretOn of the trustees in funherance of the objects of the charity. If parts ofthe Unrestricted funds are eamiarked at the disereiion of the trustees foi a particular Purpose. they are designated as a separaie fund. This designaiion has an administTative purpose only and does no¢ legally resirici the Itustees. dis¢Telion to apply the fund. Goin£ concern The Tru.%t¢¢% Consider that ihere are no maierial uncertainties about th¢ ability of the charitv to continue for ihe foreseeable fuNre. and therefore has adopled the going concem basis in preparing these financial statetnent5. Recognition ofincome Income ig recognised when the charity has entitlement to ihe funds. any perfornianee condiiions attached lo Ihe item{s} of In¢ome have been met. 11 is probable ihat ihe intome will be received and the amount can be measured reliably. Granis received are credited to the Statement of Fit]ancial Activities in the year for which ihey are received. Interest rettii'&ble Inieresl on fund% held on deposii is included when receivable and the amoun¢ can be measured reliably by the chariiy: this is nO[nllY upon llolificalion of the interest paid or pavable by the bank. Page 8
Hilton Parish Church Of ScotlaRd. Ini'erness l¥otes to the finaneial statements {continued) for the year ended 31 December 2023 l. AectsuntlDg Policies {£ontinued) Retognition and allocation of expenditure Expenditure 15 Included in the Stat¢menl of Financial Act2vilics on an accrnals basis alld Js recognised when there is a legal or COn5tnLCtive obligation To pay for expenditure. Donated Servitts #Thd fa¢ili¢ie5 Donaied professional scrvices and donated facilities are rccognised as income when the ¢liarity has ¢ontrol over the item, any eondilions associated wilh the donated ilem have been niei. the receipt of econojnic benefil froin the use by the charily of the item is probable and that cconomic benelii can bc Jneasured reliably. In accordancc H'irh the Charitics SORP {FRS 102) the general volunteer time of congregaiion members is not recognised. On receipt, donated professitsnal services and donated facilities ale recogntscd on the basis of the value of the gift to the charity which the amount ihc ¢hariry would have been willing lo pay to obtain services or facilities ofequivalcnt cconomic benefil on the open market,. a corresponding an)ount is then recognised as expenditure in the period of receipt. Tangible fixed Issels The charity has the Fight to occupy and use for its Charitable object% ¢ertain tangible fixed a5Sets, including the Church, halls and mdnse, vested in the Cliurch of Scotland Gen¢ral Trusreeb. Nu Lonsideration is payablc for the use of Ihebe assets. Expenditurc incurrcd on the repair and maintenance of these assets is ¢liarg¢d as resources expended in the statenient of rinancial aciivilses in the period in which the liability arises. All tangible fixed a55ets costing ii) excess of £ 1,000 hal'ing a value to the charily greater than one year, otli¢r than those acquired for specific purposes, are Capitalised. Depreciotion is provided on a slraight-line basis io write off the cosi or inIlial value, l¢ss residual value. of iangible fix¢d assets over their estxmaled ttscful livcs.. Tenant's irnprovemenis FixtUTeq, fittings and Olet equipment 50 years 4 yeaTs Fix¢d assets are siaied at Cost, being purchase price. less accumulot¢d depreciaiion. Investments Fixcd assei invesiment5 are stdted ai fair value ai the balance sh¢¢t dale. Unrealised gains and losses reprcsent the difference between the fair value al rhe beginning and end of the financial year or. if purchased in the year, the difference beiween cost and fair value at Ihe end of thc year. Realised gain5 and losscs r¢pre5ent ihe diffeience bctw¢¢n th¢ procccds on disposal and the fair 'al¢ at the start of che year or cost if purchased in the yegl. Taxation Hilion Parish Cliurcli Of Scotland is recogniseil as a charity for the p[Pl}SeS of applicable taxation legislation and is theretore not subjeci 10 laxaiion on its charitable acliviiies. The eharity 15 not registered for VAT and resources expended therefore include iry¢COV¢Table input VAT. Cash and cash equlvalents Cash and cash equivalents includc cash in hand and dcposits hcld with the Investors Trubl. Page 9
Hilton Parish Church Of Scotland, Inverness Notes to the financial statements Itonlfinued) for the Tr'ear ended .11 Dcccmber 2024 l. A¢¢ountin% Policies leontinuedl Debtors Trade and other debtors are re¢ognised al the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid nei of any discount due. Creditors Creditors are norn)ally recognised at their settlement amount aft¢r allowing for any trade discounts due. Leasing eommitments Renials paid undcr OPCTating leases are charged to the statement of financiol activities on a siraighi line basis tsver The peiiod of the lease. Page 10
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Hllton P#ri$h ChuTth or S¢oiland, lttverDes5 Note5 to tbt fin#n¢i*l 5t¥tcrnent5 (continued for the vear onded 31 D¢r¢rnber 2024 2024 2023 Wages and salaries So¢Lal s¢curiTh costs Pcnbion L0514 10.542 10,542 Thc ayerage number or ¢mployccs durittg Ihc vcar was 55 follow's.. AdMinislT&ITO ('leaner No empli)y¢¢ rccci¥'ed more Ihan £60.QOO during the )'ear. All Church of Scoiland eon8rc¥alioni conlribulc lo ihe Naiionttl Siipend Fund which bedrs Ihe (if all Tnynisier5' Stipends and empl(Jycr's riintribulion% f(Ir nalii)nlil in%uraiice. hLlll%iii¥ and l(Trdll fund Nlinisiers, sripen(ts ar¢ paid in a¢Lur(LLll¢C wilh Ihc naiional $Tipend scale, which is reldiLd Ii) yedTs ijf %¢n'iCi. Foi IhL' year under i¢¥'Jtw tbe Ininiinum siipcnd was £31.642 and Th¢ maximun) Slipend lin th¢ fiftli and substyu¢nl yearsl £38.8¥4. R¢muneration ofkey minA%em¢nt personnfl No rerniineTaiion ts paLd by Hilton Parish QThur¢li lo k¢y tnallagemenl personnel. 8 TTusÈee remuneration '.Ind i-c'l..Itcd During The vear Ind hi> lan)Ily uccupi¢d the cburcli nian&L. N() Liin%idcralion was payable for li.'IriNe wa8 incurred b¥. 14ilion Pan5h ChuTcli nrscoiland DuT]ng thc ycar. CXPLrtSC.s (Trf £1.963 (2023 £2.251 I wei¢ iiicuiieJ uji bclidifoi Iii his capi1Cjry No Irusiee rettived any rcmuneration or oiher bcntfits duting Ihc ycar. 9 T#nElble Fixed Assets Fixture. ittings & Eq1prnent I'onant's Improi¢Tnent5 Tot•1 Cost Ai l January 2024 Addiiions Disposals Al 31 Decemb¢r 2024 321.575 33,770 31.478 14.206 355.05J 47.976 Ili,5351 389.194 357.345 31,$49 Attknmulsttd Deprecia¢ton Ai l January 2024 ClidTg¢ f(Ir )eAI EltmiDaied on Disposals Ai 31 Deccniber 2024 93,734 7,147 31,478 125.212 8.56Y 113.8351 119,945 113.8351 19.064 100.881 et Book I'alue Ai 31 D¢ceiiJbtr 21124 Ai .1 l DcLemher 21123 25h.4fv1 2?9.841 209.249 229.841 Page 13
Hilion P8ri5b Church Of Scotland, Invernes$ Notes lo the financlal statement$ {tohtlnudl for the )ear ended 31 Dttemher 2024 10 Investment$ 2024 2023 Market valu¢ ai 31 December 2023 Disposal Unrealiscd gaitVlloss1 on investm¢rtlS Market value ai 31 Deceijibcr 2024 6,075 5,627 573 6,648 448 6,075 Investments ai cosi 3.001 3,001 The following irtv¢stm¢nt5 are held.. Fabric Fund- Church of Scotland Invcsiors Trnsi I l Debtor5: amounts falling due thIn one l'ear 2024 2023 Aniounl due from g*fl aid tsx (hher debiors 2.653 2,428 5,081 3.443 1,450 4,893 12 Creditors: amoutht$ fxlling due i¥ithin one )'eaT 2024 2023 Sundjv credilurs 4.491 5.625 13 An#lvsi5 of Net A55t¢s Among Fund5 Cetkeral Desi%nated Rtsttrl¢ted Endowment Toial ixed Asseis lllvestmcnt5 Current Assels C'.uffenl Liabiliiies Net 4$5et5 at 31 Dec 2024 269,249 6,648 6,344 269.249 6.648 90.916 14,4911 362.322 83,566 13.7871 79,779 1.006 17041 302 282.241 Gtntr#l De$igDated Restricted Endowment Total Fixed A$5ets Investments ('urrenl Asset. C.urrenl Liabilities Net a$¥els at 31 Dtc 2023 229,841 6,075 6,330 229.841 6.075 86.982 15,625} 317,273 78,617 13,8921 74.725 2.035 11,7331 302 242,246 Page 14
Hillon Parish Churrh Of Scotland, Inierness Notes to the fLnan¢ial stAtement5 Iconthnued) for the year elldtrd 31 December 2024 14 Moi'ements In Funds At 3111212023 Re50ur¢es txpe]Jdtd CJ#lllS aJJd losses At 3111212024 resources Transfers Unrestrlettd furtd5 Genergl Fmnd Fabric Fund Special N¢¢ds Fund Time Out Hilton Youth Club Fix¢d ASS Fund 74.725 10,517 102.532 {87,1241 110,354 79.779 11,090 1,178 723 573 14 723 229,841 316.971 18.5681 195.6921 47.976 37,622 269.249 362,020 102,546 573 Restricted funds KItLhen & Small 14all Rcfurb Sp¢cial Collceiiun5 Household Hard8hip Fund 39.531 137,6221 302 302 302 3Q2 40.546 12.9241 137.6221 Total futtd5 317,273 143.092 1911.6161 573 36?.322 At 3111212022 Incoming resource5 ResOue5 txptnded Cain$ losses Al 311121Z023 TrasferS Unre5tri¢ted (unds GtneTal Fund Fabrtc Fund Special Necds Fund Titne Out Hilton Youth Club Fixed Ass¢1 Fund 55,198 10.(>69 1,154 72) 102.948 1¥3.4211 74.725 10.517 448 io 723 236.313 303,458 16,4721 189,8931 229,841 316,971 IU2.958 448 Restricitd ftsnds Hous¢hold Hardship Fund 302 302 302 302 Tot#1 funds 303.760 102.958 189.8931 448 317.273 TTansfer of funds Durirtg ihe year. dollations and grants were re¢¢iN'¢d io enable the refurbishin¢nt ot'ihc kiiehen and ¥m811 hall within th¢ church. Payiii¢ni of nio%i of the expense% in¢urr¢d were Initially tnel from the general fund and, completion. the gen¢Tal fund Wds reimbursed fr()tn ih¢ kiich¢n and small hall Tefurb fund. Th¢ cosi vf Ihe work coinpl¢t¢d was in ¢xccss ofihe arnuunl held in the r¢furbishrnenl fund. A furth¢r Iransler was made from th¢ gen¢ral fund 10 ihe fixed asset fimd rtpreseniin¥ the additions lo tix¢d gsseis In the year. Pa8e15
Hilton P4rish Church Of Stoiland, Invernes Note5 to the fJn4nci¥l 5talements l¢onlinuedl for the year ended 31 December 2024 Purposes of Unrestricted Funds The Gen¢rJl Fund is avaElable for use at the discretion of Ihe ITu4*e5 for the on-going development of the church, wiihoul re51riction. Th¢ Fabric Fund has been d¢5tgnated for the mainlenance of the church prop¢tly. Th¢ Sp¢eial Needs Fund has been designated foT th¢ PUTpose of supportin¥ indiN'idua15 Wlthin rhe community. Th¢ Time Out Fund has b¢¢n designaied foT us¢ by the gTOUP &s they deeTn appTopriate. Tli¢ Hilion Yuuih Club Fund has been designated for use by Ilie Youth Club 35 they deem appropriaie. Th¢ Fixed Asset Fund T¢pr¢seiils ihe nei book value ofihe asseis held by Ihe Church. Purposes of R¢strltted Funds The Kilch¢n gnd Sinall Hall Refurb Fund represents grants and donalxons received for Ih¢ purp05¢ of fUrbIShlng ihe kiichert and sniall hall wiihin the chuTCh. The Sp¢rial Collections Fud represents funds Ihat havc been collected for a special donation or pr¢5entiation within the ¢hur¢h. The Household Hardship Fund r¢pr¢senlb incojne reLeiv¢d for passing on direcily tv faTDili¢s and individuals on low incom¢$ 15 Iloluntecrs In Lommon wilh all congregations of the Church uf Srotland. th¢ congregaijon benefjls froJ]i rlie contribution made by voluniecrs who gjve Ih¢ir iimc and ialenis willingly IOT the benelii of the Church. Tlie areas of con¥regdliunal lif¢ which rcly on ihe ccinlributioii ofvolunleers aTe many and varied and Tnurh of the activity would be unahl¢ to continue w'ere li noi for ihe ¢omDiiiin¢nt show'n. 10 Relaled PArtle$ Threc INslcts sil vrt th¢ Board of Trusiees ol. the L¢ira TS1. a chariiy T¢gi8i¢T¢d in Scoiland wilh Chariiy Numb¢T SC032790. There weT¢ no relatcd paffly Iransacli()n.4 during the year which T¢quire disclosure. During the y¢ai, a totsl of £19.95412023 L21,4081 was donaicd 10 th¢ congregaiion by trustee5. 17 Collettloths for third parties 2024 2023 MAF ChFIElian Aid D31'id Sini 44 152 50 196 687 Page 16