Charty registralloA numbw SC016901 (Scotlandl
THE FREE NORTH CHURCH INVERNESS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE FREE NORTH CHURCH INVERNESS
LEGAL AND ADMINISTRATIVE INFORMATION
Trujte
Chartty nurtièr IScotl4ndl
SC016W1
PrirKipal addre
Bank Stre•t
lThvern
IV1 1QY
Denomlnatlonal addr•••
Free Church ol Scotland
The Mound
Edinburgh
EH12LS
Indepèndent exam*
KqacKEr.z.e Keir L.Ini:Ed
Charter8dAceountsnts
Re¢￿￿0d
19Culdthel Road
Inv¢mo)$3
IV2 4AA
Banker$
Bank of S¢otLgnd
2-6 Easlg8te
Invèmèss
IV2 3NA
Solicitor•
Innes & MacKay
Kintg11 Hous¢
B•achwood Bu$ines5 Park
lTrverne55
IV2 3BW

THE FREE NORTH CHURCH INVERNESS
CONTENTS OF THE FINANCIAL STATEMENTS
Page
Tru$te¢s' report
Independent examinerfs report
Staton*nl olfinanckql actwf£ies
Balance sheèt
Notes ¢0 Ihg financial Statements
8-22

THE FREE NORTH CHURCH INVERNESS
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustètts present their annual r¢port and financial statements for the y•ar ended 31 0o¢gmber 2024.
The financial stateTh*nts have been prepared in accordance with tho g¢counting policies set out in note 1 to the
finoncial statements and comply with the charty's goyeming document. the Charrties and Trustee Investment
Iseotlandl Act 2005, the Chanties Accounts ISo)tlandl Regulations 2006 las amended) and "Accounting and
Reporting by Charrties Stslemenl ol Recommended Practice applicable to charrtiès preparing theii accounts In
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021
leffeth.￿ 1 J8nu8ry 20191.
Objectives and activttie
The Free Church of Scouand currently has congre9ations throughout Scotland. 85 well as one in London and five in
North America, and sister Churches founded by mission work in India, Peru and South Africa. The Free Church of
Scotland also has a full ts'me degree awarding College in Edinburgh for the training of Ministers and other Christian
workers and sustains an extensive Missionary programme relative to thè soe of the church.
Dating from 1843, but wth ts root5 in the Reformation. rt owes rts distinctive trtle to rts historical struggle to rèmain
Yree. from stsle interferencè in its inteinal affairs. It has dose and active relations with many other Reformed
Churches of Jesus Christ throughout the world and stands firmly in the tradttion, which acTrpts the Bible In its
entirety as the Word of God and, therefore, derwes its tom)s of teaching, worship, ministry and goveinment trom It
The rrdin emphasis of rts worshlp k* the preaching of the gospel - the good news of a Ire& and $overeign Sa￿all0n
through Jesus Christ alone.
Ttt? Free North Church is a congrègation of the Free Church ol S¢otkgnd working towards the comrTk)n aims set out
above. It is a Presbyterian Church adhering in its worship and do¢lrine to the positjon of the Church of Scotland Èi
the Relomiation. The Flee Church of Scolland has an explanatory document which explains the origins of the Free
Church and which gives the historical background to the Free Chureh corning into being in 1843 and lists
do¢umonts in which is embodied the constituthon of the Free Church of Scotland.
The Free North Chureh 15 aulhorised by tha Free Church of Scotland to havè a minister, and an assistant minister,
paid from centr85 fvnds ol the Free Chureh ol Scotland.
The Free North Church building, halls and manses a￿ th8 propety ofthe Free North Church.
The government of the Free Church of Scotland is Presbyterian and the Free North Church congregation 15 Wrthin
the Presbytery of Invemess, Lochaber & Ross.
Granl makng p)licy
The Free North Chvrch makes grants from its Income to iThdiwduals and organi5ations that are generalty known to
the Free North Church tru$lges. The beneficiaries are involvèd in acliwties or ministries compatible wi(h the Free
North Church's objectDie5.
Achievements and performance
&'gniffG8nl 8Gtivilies and aChiev&M￿lS wwnst obJeGts've8
During the year, the Fret North Church met lor public worship at 11am and 6.00pm. 7.30pm on Wednesday for
prayer and bible study and carried out various other actNi*es In pursuit ol their aims.
There rerroins a reliance from $om* Npmbers on meeting via Zoom vidèts-coriferencing or via YouTube
livestrearring. In this respect the Fre• North continues to be successful in adapting to new means of toohnology and
SuppO￿n9 m*mbgf$.
The church hosted a numbèr of soeial events during the year, includin9 prayer breakfasts and meals.
The Free North Church congrtgalion continued its commrtment to support the Free Church of Scoland both
spirrtually an¢ finanthally.

THE FREE NORTH CHURCH INVERNESS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
In pursufL of rts aims and objectivès during the yèar the Free North Church congr&gation undertook.. -
Youth ministries through Sunday School and Youth Fellowship IYF held at the neighbouring CYC building).
House groups n*t once a month land subsequently online where possible).
Evening fellowship$ in person and also online.
Conbnuing a Strategy focussing on Worship. Comrnunity, Mission and Disapleship to develop the work and
witness ol the congregation in the eity centre This also took the fomi ol a Warm Hub from November.
speeifie811y designed to help people in the local conynunily by providing a waim. safe and inviting place for
them for 8 hours per week (Mondays Ènd Fiidaysl.
Bible studies and book r¢ading groups were organisèd for groups of both women and men.
The Church Plant arrangement wrth 20 Schtsmes in the Merkin¢h conbnued and the Launch Team was
5UPPOrted through the year with training and support from the Chu¥ch Session and Deacons, Court.
The church supported local charities and members also angaged in chaFitsble and missional work.
A Quinquénnial Presbytery Insp&¢tion took place during the yèar and its findings were largely positive. The
rècon¥Nendats)ns have bèèn communicated lo the eongiegation and a¢tions have been taken forward by the
chLbrch courts
The building restofation project and the hall refurbishment pioject have been key objectives in our Church strategy
of investing in our a55ets to creat* a modem, safa and attractive place of worship in the city centre.
Fundlng= The Free North Church trustèès r¢port
Donations from the Flee North Church ￿ngregatIOn wèrè mainly made by standing order or through the
PayPal button on ourwebsf(e and GiftAid donations continued at a similar level to the previous year.
Conts'nued parbcipab.on by Free North Church congregation in the Gift Aid schem&.
Special offerings for charrtable purposès, which were channelled through other Christian relief agenc￿S.
Flnanclal revlew
The financial statement5 for the year are Set out in pag85 6 to 22. The Slalement of Financial Activities on page 6
relleds net outgoing rè$)urces 01 £113.20012023 net ineoming resources- £17,692).
Rese￿OS policy
It is the policy of Free North Chureh to maintain gèneral unrestricted funds, i.e. funds not commrtted or invested
in fixed as*ts. at a level which èquates to a minimum of one month's unrestricted expendituro This allows
sufficient funds lo enablè the ongoing work of the Free North Church to be maintained. The balance on thè General
Fund a131 December 2024 amounted to £63.12312023- £58.1021. One month's actual &xpendrture on the gèneral
lund lotalled £11.667 and. therefore, the ¢urrent level of resetv85 is suffiaent.
Tol81 reserves, including the net book valu* gf fixed assets and bèlances on restricted funds amounted to £578,569
12023- £691,769).
The building restoration fund is showing a delicrt of £4,291 al the year erid. Grant funding of £36,000 was received
in February 2025. whtch will offset the deficrt recorded.
Pnn￿pa1 fvnth'ng sourcas
The Free North Church recaNe5 its funding from Fr¢0 North Church congr¢galrJn by way of weekly offerings and
Grft Aid donations.
M&itir ri$ks
The trustees assess risks to which the Free North Church is exposed on an ongoin9 basis and take appropriate
Steps lo minimise such risks. These risks are shaied règularty wrth the Churchs Deacons, Court. Advice is
available on request frorTF the Free Church Head Office. The Church's Kirk Se55ion reptsrrs back to Head Office
8nnually on the heaf(h Ifinanelally, spirf(u8lly and numencallyl of the Free North.

THE FREE NORTH CHURCH INVERNESS
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plank for future porlods
The Flee North has for sevèral years had discussk)ns on a strategic wsion for the future and thn% is focused on
providing a heatthy gospèl Church In Ihè ￿ntra of Invemess. In 2024, this focused on the disevssions with the
members ofthe Presbytery Overslght Visll who mel wrth offi¢￿bearers and members to Consider how best the Flee
North can prormttr the gospel in its current location.
In terms of the church finances, thère has bèen signthcant Invest￿￿nI In the stonework restoration project and the
hall refurbishment. Some of Ihi5 expendrture is Continuing in 2025 and there arè gngoing proposa16 for future hall
improvements which will require detsiled discussions among offi'ce-bearers to ensure fundin9 is achi¢vabla.
Although ther• has b*an consKlerabl$ &xpendf(ure, there have be&n significant efforts to raise funds for these
projects and the ehurch and communty wll benefit from the project Investmpnl for ye8rs to comè.
Structure, governancÈ and managemènt
The Free North Church is established by Constitution and is a Scottish Charity (No. SC0169011.
Tbe trJl Stees who seN
up to the date of signature ol th* financial statemerts were..
Recrnilm8nt and appthntmonl of tmst&s$
The Kirk Session exercises its disLYÈtion in determining the most appropriate Fnethixl of el$cting new trustees
IEhlers and Deacons) Any election process musl involve the comrnunieant membership of the congregation. There
is no fixod tem for trusteeship. Prior lo their appointment, new tIU5tees would have served the Free North Churoh
for some Ime in various rolès and would be familiar wth the Church s value5, its alt[￿ and objedives as well as Its
day-t(Hlay operation5.
As part ot their Inducknon programme, new Free North Church trustees are iequiied to
understand their statutory respgnsibll￿.èS as w611 as their r¢5ponsibilrty as Eld6rs OT Dèacons.

THE FREE NORTH CHURCH INVERNESS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
All offic* b88rers as listed above n*el as the Deacons. Court.
All Eklers act as Dea¢ons.
The Floe North Church is Prgsbyterlan In government and its day to day running TS undertaken by thè Elders Ilhe
Kirk Session) and the Deacons (the Oegcons, Courtl. The Dèacons, Courvs sp￿lfi¢ function relates to thè matèrial
and financial businèss of Ihe Free North Church, whereas Elders are Charged wrth the general and spiritual
oversight of thè wngregation. Under charrty law the Offi¢e Bearers ￿¢￿ting as the Dè8cons' Court. are deerned to
be the Free Ngrth Church Congregatson Trnstees and arè distinct from the role of con9regabonal trustees
raspOnsib￿ only for holding property in trust.
Congregational frustee8
For holding Property
The trustees. report was approved by the Bo#rd ol Trustèes.
ru
Dale.
2.b.:C ffl.K<.L..2J.-. J

THE FREE NORTH CHURCH INVERNESS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE FREE NORTH CHURCH INVERNESS
I report on th¢ financh81 statem¢nts ol the charity lor the year 8nd*d 31 December 2024. whi¢h are sel out on pages
6tts22.
Respective r•spJn$ibilities of trustees and ¢xaminer
The charity's trustèes are responsiblè for the preparabon of the finaneial statements in a¢coidance vrflth the terms or
the Charities and Trustee Investment (Scollandl Act 2005 and th8 Charities Accounts (Scotlandl Regulations 20QI6.
The charrty trustses consider that the audit iequirernent ol Regulation 1011118)-Icl of the Charities Accounts
Iscotlanél Règulations 2006 doe$ not apply.
It is my responsibility t¢ examine the finanual statement$ as required under section 4411 Ilcl ol the Charities and
Tnjstee Invastmtrnt Iscotlandl Act 2005 and to stste whether parb'cular matters hav8 con* to my attention.
8asls of Independent examlnerf$ ￿aternent
My examination 15 carried out In accordance wrth Regulation 11 of thè Charities Accounts (Scollandl Regulations
2006. An examination include$ 8 review of the accounting records kgpl by the ¢harity and a comparison of the
financial statèrnénts presontèd wrth lfvose records. 11 also includes con$iderats'on of any unusual items or di5c105ures
In the finanoal stat&m2nts, and seeking explanatyong from the trustees eoncorning any such mattels. The
prgc8dure5 undertaken do not provkle all the evldence that would be iequiretj In an audit and consequently I do not
express an audit OPifti¢*n on the view giv*n by the financittl ststerrEnts.
Independent examlDer's statement
In the course of my examination, no matt8f has come to ry attention
1. which gives mè feasonable cause to belltrve 1hal in any material respect the requirements"
to kegp accounting records in accordancè with Section 4411 Ila) of the Chaiities and TIu5tee Investment
(Scotlandl Ad 2005 and Regulation 4 of the Charities Accounts18cotl8ndl Règulations 2006, and
to prepare financial slalemènts which ac¢ord wrth the accounting records and comply with Regulation 8 of
the Chsrits'es Accounts IS¢ollandl Regtjlations 2006
have not been met, or
2. to v4hich, in my opinion, attentson should be diawn In older lo enable a proper understanding tsf the financièl
5tatenpnls to be reached.
MacKenzie Kerr Limited
Chartered Acc¥)untants
Re(Iwood
19 Culduthal Road
Inverness
IV24AA

THE FREE NORTH CHURCH INVERNESS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restrict
fund5
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Income from:
Oonations an(J legacies
Charitable acliwts'es
Othèr trading adivi118S
Investmonts
215,546
21,2C
11.850
236,752
11.855
17.194
4,357
207,202
735
9.510
7,035
42,150
10,000
5.100
18
249,352
10,735
14,610
7.053
17.194
4.357
Total Income
237.102
33,058
270.158
224,482
57,268
281,750
Expendlture on:
Raising funds
Charrtable activities
289
249.048
289
263,769
295,228
88,130
383,358
14,721
Total èxp•ndlture
295.228
88.130
383,358
249,337
14,721
264.058
Net incomell•xpèndlturel
158,1261
155,0741 1113,2001
124,8551
42,547
17,692
Transfers beNvéen
funds
3,722
13,7221
110,0001
10,000
Net movement In
fundg
154,4041
158.7961 1113,2001
134.8551
52.547
17,692
Reconclllatk>n of fvnds:
Fund balances al 1 J8nuary
2024
631,857
59,912
691,769
666,712
7,365
674,077
Fund bal4n¢es at 31
Deeembtr 2024
577,453
1,118
578,569
831.857
59,912
691,769
The staterrent of financial activib"e5 includes all gains and losses recognised in the year. Al incorne and exptsnditure
derive from continuin9 aetNrties.

THE FREE NORTH CHURCH INVERNESS
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
N¢)tes
Fixed assets
Tangible assets
13
346.006
357.305
Current a$set8
Debtors
Cash al bank and in hand
14
8,348
301,e90
4,548
333,278
310,238
337,826
Crodltors.. amoun1$ falllng du• wtthln
one year
15
77,675
3,362
Nat current assets
232,563
334.464
Total as¥ets les¥ current liabilities
578.569
691.769
The funds of the charlty
Restricted funds
Unrestricted funds
18
19
1,116
577.453
59.912
631.857
578.569
691,769
The financial slalements were approwed by tye tiustees on
2£,i ffl,.1 ?9-
rus
rus

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollclès
Charity infr>rmation
The Free North Chur¢h Invernes5 15 an unincorporated chArity registered at the Office of the Scottish Charity
Regulator
1.1 Accounting conv•ntlon
The financial statements have been prepared in aeeordance wrth the charty's ¢onstilution, the Charitiès and
Trustee Investment (Scotlandl Act 2005. the Charities Accounts (Scollandl Rtgulalions 2006 las amendèdl,
FRS 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland" l°FRS 102.1 and
the Charities SORP"Accounting and Reporting by Charrtie$." Ststement of Recommended Practice applicable
to charities preparing their aeeounls in accordanee wrth tho Financial Reporting Stsndard applicable in the UK
and Republic of Ireland IFRS 1021 leffectwe 1 Janu8ry 20191. The charity ts a Publie Benefit Entity as defined
by FRS 102.
The charity has taken advanlage Of the provisions in Ihtr SORP for charities not lo prepare 8 Statement of
Cash Flows.
The financial ststements are p¥ep8red in sleding, which is th* fijnctional currency of the chanty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial ststen*nts have been prepared und•r the historical cost convsntion. The principal accounting
policias adopttrd are set out below.
1.2 Golng concern
At the tt.me ol approving the financial statements, the trustees havè a reasonable expectation that the charity
has adtrquattr resources to continue in operational existence for the fo￿Seeable futurè. Thus the trustees
continue to adopt the going Concern basi5 of accounting in prèparing the financial stalgment5.
1.3 charitabkn fvnds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charrtable
objèctwes
Restricted funds ar¥ subject lo specific conditions by donors or gi8ntors as to how they may be used The
purposés ènd uses of the restricted funds ale Set out In the notes lo the tinancial statements.
Endowment funds are subjed lo specific conditions by donors that the c8pital must be maintained by the
ehanty
1.4 Income
Incorre is recognised when thè charity is legally entilkd to rt after any perfom)ance condth'ons have been met,
the 8mounts ¢an be ￿eaSured reliably, and it Is probable that Income wll be reeeived.
Cash donations are recognised on receipt. other donabons arg recognised oncè the ¢harity has been notified
of the donation, unless perlormance condrtions require deferral of the amount. Income tax recov8rable in
relation lo donations received under GiftAid is reeognised al tha lime of the receipt.
Legaci85 are recognised on receipt or otherwise if the charrty has been notified of an impending distribLrtion,
the arrK)unt Is known, and receipt is expected. If the a[1￿Unt is not known, the legacy is treated as a
contingent asset.

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Aecountlng poll¢k$ {Contlnued}
1.5 Expendlture
Expendrture is Tecognised once there is a legal or construetivè obliga110n lo transfer e¢onomic benefrt to a
third party, it is piobable that a transler of economic benefits will be required in settlement, and the amount ol
the obligation Can be measured reliably.
Expènditure Is classifie(J by activty. The costs ol each activity are made up of the total ol direct costs and
Shared costs, including support costs inVo￿ed in undertaking each £ctivity Direct costs attributable to a single
actwty are a15ocated directty lo that actr￿lty. Shar•d costs which wntribule to more than one 8Ctivity 2nd
support costs which are not attributable to a single activity are apportioned between those actIv￿eS on a basis
consistent with the use of resources.
1.6 Tanglble fixed assets
Tangible fixed a55els are inNally measured at cost and subsequently measured at cost or valuation, net ol
depreciation and any impa1￿￿nt losses.
oeprèciafj.on is iecognised so as to write off the cost or valuation of assets less their residual values over their
U5efvl lives on the following bases..
Propety and improvemènts
Fixturès and fittings
Computers an¢y eltsctronics
2% on cost
20% on Cost
25%- 33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference betweell the sale proceeds
and the Carrying value of Iht asset, and is recognised in the statement ol financial 8Ctivities.
1.7 Impairment of Ilxod a83•ts
Al each reporting end dat•, the charrty 18V18WS the carrying amounts of rts tangible asset5 to determine
whethef there is any Ind￿ation that those assets have suffered an Impairment loss. If any such Indication
exists. the r&coverable amount ol the assot 1$ ¢$tsmaled in order to determine the extent of the impairment
loss Irf any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with bonks, other short4errn liquid
investments with original Mat￿rrt￿S of three months or less. and bank overdrafts. Bank overdrafts ale shown
within borrowings in current liabilities.
1.9 Flnanclal Instruments
The charrty has elected to apply the provisions ol Section 11 '8asic Financial Instruments, an¢J Section 12
'Other Financial Instrumènts Issu*s' c)1 FRS 102 to 91101 ts financial inslrurnents.
Financial instruments are recognised in the charitvs balance sheet when the ¢harty becomes party to the
contractual provisions of tha in5tFumenL
Financial assets and liabilrtiè$ ar¢ tsffs¥L wth th¢ n?t amounts presenle¢J in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and therts Is an intention to settle on a net
basis or to rèalise th8 assèt and settle the liability sirllultaneously.
Bask finan¢lal a8$ets
Basic financial assets. which indude debtors and cash and bank balances, ale inib.ally measured at
tr8nsa¢tion pn¢e including transartion ¢osl$ aro subsgquanuy Carrièd at amortised cost using the effective
interèst mèthtsd unlèss tha arrangèmont constitutes a financing transaction, where the transaction is
measured al the present value of the fu￿re receipts discounted at a m8wk?t rate ol interest. Finaneial assets
classified as recewable within one year are not amortised.

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcle$ Icontinuedl
Basic finanel•l liabilili•s
Basic financial li8bilrties, including credf(ors an¢J bank 108ns are initially recognised al transaction price unless
tha atrangemenl constitLrtè$ a financing transaction, where the debt instrument is measured at the present
value of the fvlure paymènts di5¢0unted at a m8rkel rate of interest. Financial liabilities classified as payable
wrthin one year ala not amortised.
Debt instruments ar$ $ubs?quenly cairi¢d al amortised cost using the effective Interest rate method.
Trade credrtors ara obligations to pay for good5 or services that have been acquired in the ordinary course of
operats'ons from suppliers. Amounts payable are classified os current liabilrties if payment is due wi£hin one
year or less. If not. they are presented as non-current liabilities. Trade credrtors are recognised inrtially 8t
transaction price and subsequently m¢asu¥ed at amortised cost using the effectwe Interest mèthod.
D•rBcognition of Ilnanclal Ilaljllities
Financial liabilits'es are derecognised when the charty's contraetual obligations expiie or are discharged or
cancelltrd.
1.10 Employee benefits
The cost of any unused holiday ent￿err￿nt is recognssed in the p&riod in whieh the employee'5 servicas are
rece¥ved.
Terryinalion beneliis are rewgni5ed immediately as an expense whan thè charrty Is demonstrably committed
to temiinate Ihtr employment of an trry)loyee or lo providè teimination benefits.
1.11 Retirement benefits
Payments lo defined cOntribut￿n rtrtiiement benefrt s¢home$ are charged as an expense a5 they fall due.
Income from donatlons and legaci
Unrestricted Restrlctéd
nds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donats'ons and gifts
215.546
21.206
238,752
207,202
42,150
249.352
io

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable aetlvÉties
General
actlvities
2024
General
actlvities
2023
Grants
Other inco
11,850
10.000
735
11.855
10.735
Analys￿ by fund
Unrestricted fund$- general
ReStr￿ted funds
735
10,000
11,850
11.8S5
10.735
Income from other tr8dlt)g aGtlviti
Unrestricted Restrlcted
fvnds
funds
2024
2024
Total Unrestricted Restricted
fund5
funds
2023
2023
Total
2024
2023
Non-charitable trading
activitr.es
Other In¢ow
1,394
15,800
1.394
15,800
1.770
7,740
1.770
12.840
5,100
other trading athib.es
17,194
17,194
9,510
5,100
14,610
Income from Investments
Unrestrlcted Restrlcttd
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Interest receivabl•
4,357
4,357
7,035
18
7,053
11

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on ralslng funds
Unrestrl¢ted Unrèstrictefj
funds
funds
2024
2023
Fundraising
Seeking donations, grants and l•ga¢itrs
289
Expendlturts on ¢haTitable activlt1è5
Goneral
activities
2024
General
activitie$
2023
Direct costs
staff costs
Deprtrciation and irrpairmant
Ministerial and employee exp&ns8s
Training
Mission outreach
Travel and subsistence
Presbytery due$
Supply and communion ¢xpenses
Womèn's meetings
Presentations and donations
Youth aetivrties
Sundry expenses
Remittance to c8ntral fund5
62,226
19,603
5,349
5,891
19,452
2,489
1,719
1,181
91
7,605
2.358
3.370
95,525
65.490
18.236
2,078
1,700
16,161
4,796
1.680
656
149
207
3,105
4,959
90,781
226,859
209,998
Share ot $upport and govemaneè ¢o$t8 {8ee note 81
Support
&)veinance
154.579
1.920
52,331
1.440
383,368
263.769
AnalysSs by fund
Unrestricted fund5- general
Restricted funds
295,228
88,130
249,048
14,721
383,358
263,769
12-

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support f08ts allocated to actlvitie8
2024
2023
Rent and iales
Insuran¢s
Light and heal
Telaphone
Repairs and maintenanee
stationery, advertising and printing
Publi¢alkins
Profession81 fees
Bank charges
Govemance costs
27,113
12,497
19,450
S86
84,862
2.035
3,005
4,885
146
1,920
9,773
11.250
16,570
692
4.273
3,451
2,703
3,591
28
1,440
156,499
53.771
Analy8od between:
Genoral actwthes
156,499
53,771
2024
2023
Governance co8ts comprls•:
Indèpend¢nl examination
Accountsn¢y
840
600
1.060
1.920
1.440
Net movement in fundg
2024
2023
The nel mov8m•nt in fvnds stated aftor ¢hargingllcredthn91'.
Fees payable for tha ind&pendent exarrination ol the charity's financial
statements
Depreciation of owngd tangible lixed assets
840
19,603
840
18.236
10 Trusts¥¥
None of the trustees lor any persons connected wrth them) recewed any rèmuneration or benefits from th
charty during th& y*ar except for Chris Davidson who recewed £7.80012023- £7,800) housing allowance in
his capacty of Assistant Minister of th6 Church.
During th* y8ar. expenses of £3,15512023 £1,949) were incuried on behaLf ol Rev Angus MacRae In his
capacty of Mirsi5ter ol the Chufeh and 8xpensÈs of £642 12023 - £2,373) were incurred on behalf gf Rev
Chris Davidson in his capacrty ofAssistsnl Ministei of the Church.
13

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Employ•es
The average monthly number ol employ&e5 during the year wa5".
2024
Number
2023
Number
Women'5 Pastoral worker
InlemshiplGosp&l worker
A55iStant minist¢r
Totol
Employment ¢o¥ts
2024
2023
Wage5 and salaries
Social security costs
Other pension costs
52,921
4,793
4,512
56.911
4,372
4.207
62.228
65,490
Therè were no employees whose annual remunerats.on wa5 more than £60.000.
R•mun¢r•tlon of key managoment personnel
No remuneTg1ion is paid by Frèè North Church to key management personnel.
12 Taxatlon
The charity is exempt from taxation on its actwrties because all its incomè 1$ applied for charitable purposes.
14

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Tanglble fixad 4$$et•
Ptop•rty and Fixtures and
improvements
fttliwJs
CoJnputer8
and
glectronics
Totsi
Cost
At 1 January 2024
Additions
333,082
207
8,304
24.018
357,305
8,304
At 31 D?cernber 2024
333,082
8,511
24,016
365,609
Depreclatlon and Impairment
Dèpreciation charged in the ygar
7.520
1.766
10.317
19,603
At 310*¢trmbgr 2024
7,520
1,766
10,317
19,603
Carrytng amount
At 31 Decernber 2024
325,562
6,745
13,699
346,006
At 310ecember 2023
333.082
207
24.016
357,305
The Free North Church building is not included in the balance sheet In the opinion of the trustees, this
building is a herrtage asset, the cost or valuation of which is not available and cannot be obtained at a cost
commensurate with tho benefrt to the users gf Ihg accounts.
14 Debtr>rs
2024
2023
Amounts lalllng due within one year:
Other debtows
Prepayments
3,300
5,048
4,543
8.348
4,548
1S ¢rèdltors.' amounts fallin9 due wlthln one year
2024
2023
Borrowings
T¥ade crèditors
A￿￿al3 and deferred incom8
70,000
3,203
4,472
3,362
77,675
3.362
15

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Loans and overdrafts
2024
2023
Other loans
70,000
Payabl& wrthin one year
70,000
Loans were received to hèlp wrth the building restoration work. These loan ar& unsecured, interest tre&. and
wrth no fixed temx of r•paymènl.
17 Retiremgnt benerrt $cheme8
2024
2023
Defin￿ contributlon schemes
Charge lo prolrt or loss in rospèct of defined contribution schemes
4,512
4.207
The charty operates a dèfined contribution pension scheme lor all qualifying èmployees. The Èssets ol the
Scherne are held separately from those of the charity in an indepèndently administered fund.
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances ol donations and grants hel¢J tsn trust
Subjèct to specffjc condrtlons by donors as to hgw they may be used.
At 1 January
2024
Incoming
resourees
Resources
expended
Translers
At31
December
2024
Collegeltraining of the ministry
Intemational missh)ns
MacLean memorial pr￿e lund
Road tc¢ recovery
Oonats'ons and presentatsons
Camps
Sound system
Building restoration
Woman's pastoral worker
Warm Hub
Hall ¢hair5
Hall ¥estorakn"on
2,018
530
101
1,992
2,018
30
101
1,992
15001
2,239
233
12,2391
14501
1501
168,7871
17,0001
11,6001
1,179
984
53,108
962
934
14,9211
10,738
7,000
1,600
2,409
8,837
12,4091
11,3131
17.5241
59,912
33,056
188, 1301
13.7221
1,116
16-

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Re8trICt￿ fvnd$ Icontlnuedl
Prevlou¥ year:
At 1 January
2023
Incoming
re8ouret$
Resourcès
expend•d
Transfers
At31
December
2023
Collegeftraining of th¥ mlnisty
International missions
MacLean menx)ri81 prrze fund
Road to recovery
Donatons and presentations
Camps
Sound system
Building iestoratson
Woman's pa$loral worker
drm Hub
2,000
1,430
102
1,851
358
1,624
17
100
2,017
530
102
1,992
11,OODI
141
1,602
495
1.805
43,108
9,000
1,000
11.9601
19401
18211
1,179
984
53.108
10,000
19,0001
11,0001
7,365
S7,￿8
114,7211
10.000
59,912
17-

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 R•strlctsd ￿ndS IC¢ntinuedl
Fund purpos￿..
Collogeftraning of mlni81ry- The Free North Coll&ge fund is used to give financial support to those attending
courses in training for the ministry at ETS.
Inlemational mis&ons Th? Free North Intemational Missions fund is use¢J lo give financial support to any
Intemational MissK)n apptèls.
8cL&an mgmorial pn'ze fund- The Freg North MacLean Memorial Proe fund is usèd to support the activities
of thè Sunday School actwf(ies.
Road lo recov8ry- The Freè North Road to Recovery fund is usod lo fund and run the Road to Re¢overy.
Donahclns and pr8senlelions
Th6 Free North Donations and Presentstions fund is Income raised for a
specific need or presenlath'on identified by the eongrÈgatDn.
Camps - The Frè& North Camps lund is usèd to gwe financial support to people in tmè congregation who
attend Fr?e Church Camps.
Sound Sy￿&M- The Free Ni)rth Sound System fvnd is used to fvnd the purchase of new sound equipment loi
the church.
&JilLling r8sloralion The Free North building restorath'on fund Is tts b¢ used lo help fund the ur9ent rep81rs
neèdèd to the stonework in the spire and th? fr¢nl elevation of the church. as well a5 work to prevent any
further damage, water ingress or risk of any part of the building becoming unstable.
Wom8n's pastoral workar- Funds contributed towalds the salary of the woman's pastor81 worker.
Wem? Hub- Funds eontributed lo the provision of a wam space for the community.
H*1 thwrs- Funds contributed to th¢ purchase of chairs for the hall.
Fl41 Te8lora&on- Funds contributod tts the cost of restoring Ihe church hall.

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONnNUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Unr•stricted fund8
Thè unrestricted hjnds of th& chaiity compiise the unexpended balances of donations and grant5 which are
not subject to specthc conditions by donor5 and granlofs as to how they m8y be used. These include
designated funds which have been Set aside out of uniestricted funds by the trustees for specifie purposes.
At 1 January
2024
Incomln9
resources
Resourcts
expended
Transfers
At31
December
2024
F￿e4 855et fund
Fabric fund
Free North Sunday school
Benèvolent fund
Youth fellowship
Wom8n's pastoral worker
Development fund
Merkinch Free Church
Grant Street
General funds
357.305
11,038
2,712
2,344
79
1,028
35.297
183,952
119.6031
15241
13051
12451
17681
121.3951
11,9501
188,0941
122.3411
1140,0031
8,304
2,998
5,957
53
346,006
19,469
2.460
2,099
60
516
45,123
108,800
340
76,253
629
19,851
170.2101
156,6211
30,OLK)
88,771
8,260
128,037
7,999
63,123
58.102
631.857
237. 102
1295.2281
3,722
577,453
Previous year:
At 1 January
2023
Incamlng
resources
Resour¢es
expended
Transf¢TS
At31
December
2023
Fixed asset fund
Fabric fund
Frèe North Sunday school
B•nevol&nt fund
Youth l•llowship
Womgn's pastoral worker
Development ftjnd
Merkinch Free Church
Ggntrral funds
375.541
15,728
3,085
2,344
79
118.2361
16,3631
13961
357,305
11.038
2.712
2,344
79
1,028
35,297
163.952
58,102
1,673
23
15
45,968
109.441
67,362
14.4871
113.6171
175.4931
1130,7451
5,500
158.0001
115,5001
58,000
60,946
145.504
83.4$5
666,712
224.482
1249.3371
110,0001
631,857
19-

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Unrestrl¢t¢d fund$ (Continued)
Fund Purpots¥."
Fixod ass8t fund The Fixed Asset ￿nd repr&sonls th¢ value of unrestThctad lund$ tied up in h'xed assets.
which would not bts readily ¢onvertible into eash.
F&bric fvnd- The Free North Fabric Fund is us•d to fund repairs and m8intenance work for the upkeep ol the
church building.
FTr8 North Sunday School - The Frèè North Sunday School 15 used to fund and run the activities of the
Sunday School.
Ben8vol8nt fvnd - The Freè North Benevolent fund is usèd to give support to those in neèd within thè Free
North.
Youth Fguowsthp - The Free North Youth Fellowship is used to fund and run th& adwities ol the Youth
Fellowship.
l>m8n s Pasltsral iW(er- The Free North fund is used to fvnd and run the activities ol the women's pastor81
worker.
Devèlopment fvnd- The Frtre North Development lund was established to ensure a ring fenced budget is
available for S￿e￿iC caprtal investment works and proiects separat& to the routine minor repairs which are
designed lo maktr a signffi'cant difference lo th• Free North.
M&rkJnGh Church - The Merkinch Freè Church fund is used to support all a¢ts'vitie$ related to Merkinch
Frèe Church.
Gr8nl Str88t- The Grant Str&trt fund is used to facilialate th6 L whthouse Counselling.
Unrestrl¢ted genèral fund
General fund - The Freè North General fund enctsmpasses all income and expéndrture relating to the primary
focus activf(ies of the Charity. tslhe¥ than those for which funding Is designated or ￿$triCted.
-20-

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Unrestrl¢ted fund$ {Continuodl
Transfers
A transfer of £7.580 was made from the developnwnl fund to the fabnc fund in order to fund the purchase of
ngw chairs. Thi5 transfer was madè before donations were received for this purpose.
A transf*r of £629 was ￿de from the dèvebpment lund to th¢ youth fellowship fund to clear the shortfall on
this fund,
A Ir8nsfer wa$ made from the development fund and the Mefkinch Flee Church lund to clear each church's
share of the £19,851 deficit on the women'5 pastoral worker fund.
A transfer of £68,771 was made from the development fund to the general fund to fund ongoing costs in the
year.
Atransler of £20,000 was made from the Merk¢n¢h Free Church to the developTnenl fund as their contribution
to ongoing expenses.
A transfèr ol £30,000 was madè from th& Merkinch Fretr Church to the Grant Street fvn¢J to cover luture lèase
costs.
A transf*r of £2,409 was mad& from the hall chairs fund, £1,313 from the hall rèstoration fund. and £4.582
from thè fabric fund to the frxod asset fund following the purchase ol the assets for which the funds were Sel
up.
2023
A transfei was madè from the Mèrkinch Fret Church to the women's pastoral worker fund and to the building
restoration fund during th8 year.
Atransl¢r was mado from the d¢velopment fund to the geneial fund to cov&r general wsts during the year.
20 Analys1$ of net assèts l)etween fvnd
Unrestrocted
funds
2024
Restricted
fvnds
2024
Totsl
2024
At 31 Decemb•r 2024:
Tangible assets
CurTent a$setsllliabilitièsl
346.006
231,447
346,006
232,563
1,116
577,453
1,116
578,569
Unrestricted
tund$
2023
Restricted
funds
2023
Total
2023
At 31 December 2023..
Tangible assets
Current assètslllh8biif(ies)
357,305
274,552
357.305
334,464
59.912
631.857
59.912
691,769
21

THE FREE NORTH CHURCH INVERNESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Related party tran$actlons
During th6 year, donatitsTrs of£24,20512023 - £20,71SI werè recoived from the trustees.
-22-