Charlty rggl$tratlon number SC018159
Congregatlon No: 372141
CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Sanior management
Minister
Session Clerk
Charity number
SC018159

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND
LEGAL AND ADMINISTRATIVE INFORMATION
Principal address
Kinysmills Road
Inverness
IV2 3JT
Independ•nt &xamin•r
enzie
Chartered Accountant5
Redwoc¥J
19 Culdulhel Road
Inverness
IV2 4AA
Bankers
Virgin Money plc
15 Academy Street
Inverness
IV1 1JN

' CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
CONTENTS OF THE FINANCIAL STATEMENTS
Page
Trustee report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial slalementS
9-21

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
TRUSTEE REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial stslemenls have been prepared in accordance with the accounting policies sel out in note 1 to the
financial slalements and Comply with the church's governing document, the General Assembly Regulations lor
Congregational Finance, the Charities and Trustee Investment Iscollandl Act 2005. the Charities Accounts
ISco118ndl Regulations 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Reptt)lic ol
Ireland and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021"
Objectlves and actlvitles
The Church of Scotland is Trinilarian in doctrine, Refomied in tradition and Presbyterian in Polity. It exists to glorify
God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church, il
acknowledges a distinctive call and duty lo bring the ordinances of religion lo the people In every parish of Scotland
through a territorial ministry. 11 cooperates wlh other Churches In various ecumenical bollies in Scotland and
beyond. The principal objective of the Crown Church is lo uphold Christian worship and witness.
In worship, regular services are provided every Sunday and on other occasions as appropriate. Ihrwgh Ihe ministy
of both Word and Sacrament.
In witness aclivily. we have maintained and supported connections overseas tackling poverty and disease, in
partnership with North Street United Church in Jamaica and other mission and aid 2gencies as appropriate, as well
as supporting local agencies assisting unemployrnenl and social disconnection.
We seek lo make our buildings available lo community groups, including a breakfast epub and after school club
associated with Crown Primary School, Boys Bfigalle, Girl Guides, the Inverness Singers, Young Crown Toddlers,
Young Crown Youth Gioup and others.
Children's and yOLrth work are Important and we strongly support the local initiatives of the Young Crown
organisalion. as well as chaplaincy al Crown Primary Schwl and Milbum Academy.
Achievements and performance
Signif￿an1 activities and achievemenls againsl obJ￿Ilve$
Our 9.'30am service is led by a small team of very able volunteers working under the supervision of the minister. 11 is
focused on providing worship appropriate foT child￿n and their families, through inleia¢tive activities and audio-
visual resource5.
Our 11am Sunday worship service has been broadcast live online from the sanctuary since March 2020, and is
more tradition81 in style and presentation. The live broadcast of this servi¢e now continues as a permanent feature
of church worship and witness. making services available online for people who are unable lo allend in person for
any reason.
The number. liming, Content and purpose of our worship services is constsntly under review by a committee of the
Kirk Session.
Church organisalions, such as the Choir, the Guild, FrienLlship Club, toddler groups and Bible studies. are an
integral part of our Christian worship and wlness lo the community.
The congregation is collaborative in many respects In particular. in anticipation of a proposed future union between
Crown Church and the neighbouring congregation of Old High St Stephens ChU￿h, we continue to work on several
joint ventures Some of our committees work together in planning worship or witness activities in the community.

CROWN CHURCH INVERNESS {CHURCH OF SCOTLAND)
TRUSTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
V￿lIe people are our primary resource. the money we raise and spend through voluntary giving and events is
51gnific8nl. Thi5 covers local ministry costs and contributions to the work of the national Church of Scolland.,
mainlenanee costs relating lo the buildings we own and use.. as well as fundraising lor charities with whom we ally
ourselves," and there is the funding of one-off projects and speual events in the life of the congregation.
A monthly newsletter is produ¢ed. 11 is posted on our website, and il is also printed and hand delivered lo members
of the congregation who are less able to attend church personally.
Crown Church continues to uphold the value of each and every person and the gifts which they can bring lo our
common life. Living in response lo the Gospel of Jesus Christ is our fundamental reference point and we attemplefj
throughout the year to identify new and innovative ways of doing so following on from the Covid cris1S.
Inveslmenl performance
The Church has a 'lowlmedium risk. policy towards investment of funds. At 31 December 2024, the irNeslmenls with
The Church of Scotland Investors Trust had a market value of £140,14812023 £132,285), comprising funds held on
'GTOWth Fund, of £85,479 and funds held on 'lncome Fund. of £54,669. There was an unrealised gain in value
during the year of £7,863 12023 gain of £7,738). The Church of Scotland Investors Trust follows a policy of ethical
and socially responsible investment. Dividend income for the year lolalled £4,77512023 £4,079>.
Financial review
For the year ended 31 December 2024, total income from all funds was £164,985 12023 - £148,518) and lolal
expenditure was £171,383 12023 - £124,749). This resulted in a nel expenditure before gains and losses on
Investments of £6,39812023 - nel income of £23,769) which when adjusted for gain on investments of £7,86312023
£7,738) produced Net Income for the year of £1,46512023- £31.5071.
In order lo understand how the church perfomed in its ordinary day lo day operations during the year, il is
necessary to examine the Income and Expenditure relating lo unrestrictedlgeneral funds. Total unrestricted income
for general funds for the year was £155,34212023 - £144,174). The congregation's prinapal source of Unrestricted
General Income iemains weekly offerings, regular giving by standing order and recovery of tax on gift aid. This year,
the total from these sources was £82.46512023 - £83,910) which represents 8 decrease ol 0.8QA compared to 2023.
The other income from unrestricted sources was rental income of £55,075 12023 £46.2871 which is a signrficanl
increase, due lo rental reviews and further use by org8nisalions of the Church's facilities
The unrestricted general fund expendrture for the year was £161.02012023 £113,380). The largest single item of
expenditure was Giving lo Grow £48.900 12023 - £48.8481 Other significant items of expenditur& included. fabric
repairs and maintenance £3Ql,781 12023 £6.6771 and energy costs £18,761 12023 £10,0891. The increase in fabric
repairs was due lo sizeable work on Church and Manse roDfs tO9elher with the inslallalion of a replacement boiler in
the Manse. Long lemi contracts for the supply of gas and electricity, negolialed Centrally by the Church of Scotland,
had to be renewed and resvlled in much higher charges. The resullanl Nel income on unrestricted general funds
before Gains and Losses on Investments was £2,41812023 - £34.5511 which, when adjusted lor an increase in the
value of the church's Investments of £7,863 12023
£7,738) gives an overall surplus on unrestricted fund5 01
£10,281 12023 £42,289).
th regard to the Designated Funds and Restricted funds there is little lo report other than a reduction in Fixed
Asset values due lo the planned depreciation policy.
Going concem
In keeping with m8ny other congregations. the principal 'exislenlial' risk facing Crown Church is that of long term
decline in numbers which may also undermine financial stability. The Church of Scotland recognising this ha5,
through ils 'Presbyteries for Church Amalgamalions., embarked on a review which had culminated in an agreement
that Crown Church and Old High St Stephens should seek a union during 2024. Whilst that is still the Intention, the
tsvo congregations have agreed lo jointly service a new Midmills Parish during 2025 whilst continuing discussions
for an effective union from l January 2026. Crown Church will continue its commitment lo the wider work of the
Church and above all trust in the grace of God that lakes the Iruslees forward into the future that is planned.

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
TRUSTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves Pollcy
As hitherto, the trustees aim to maintain a prudent level of reserves to cover the need5 01 the charity, lo assist other
charities and provide for potential future contingencies. The financial results for 2024 have allowed the Trustees lo
transfer £10,000 from the General Fund lo the unrestrided Fabric Fund, and to transfer from the fabric Fund
£20,000 to a new Designated 2020 Project Fund. The Fabric fund now stands al £50,000. The General Fund now
stands al £84,44012023- £83,6591 remains al around the same level as last year this represents approximately 6.5
months of 2025 budgeted expenditure. The Trustees recognise that this is below the largel of 9 months bul with the
General Fund and Fabric Fund Combined equating lo 10 5 months the Church is still following a prudent poli¢y. In
addition lo the Fabric Fund, Fixed Asset Fund. Designated 2020 Proje¢i Fund and Funds held by Church
organisations the Church holds further unrestricted Funds 01 £3,75212023- £4,563).
The amounts and purposes of the various 'Designated' and 'Restricted' funds held are shown al note 18 to the
accounts.
Structure. governance and management
The Church is administered in accordance wrth the terms of the Deed of Constitution Iunitsry Fomil.

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
TRUSTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Triiotee.s who sprved diirints the ve.•r and 11
to the date of si
nature of the financial slalements were..
Recruili?ienl aiid appoiiitm&nt ol trustees
Membe15 of the Kirk Ses510n are the ¢harily trustees. The Kirk Session members are the minister and the elders of
the church. who are chosen from amongst the membership, wth ctue consideration for their w5sdom in 1he farth and
having the appropriate gifts and ski115

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
TRUSTEE REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of trustee responslbSlltles
The TrLJStees 8re responsible for preparing the Trustee Report and the financial statements in accordanee with
applicable law an¢J United Kingdr)m Accounting Standar(Ss (United Kingdom Generally A¢￿ple￿ Acc(MJnling
Practice).
The law applicable to eharilies in Scollané requires the Trustees lo prepare financial statements for each financial
year which give a true and fair view of the 51ale of affairs of the church and of the incoming reSOur￿S and
applic8lion of resources of thè church for that year.
In preparing these financial stalements, Ihe Trustees are r4uired lo..
selecl suitablè accounting policies and then apply them consistently.,
observe the methods and prin¢iples in the Charities SORP.,
make judgement5 and estimates that are reasonable and prudent,.
slate whether applicable accounting standards have been followed, 8ubject lo any material departu￿$ disdosed
and explained in the financial statements.. and
prepare ihe financial statements on the going concern basis unless rt is inappropriate lo presu￿ that the charity
will continue in oper2tion.
The Tnjslees are responsible for keeping sufficient accounting records that disclose wth reasonable accuracy at
any tsme the financial position of the Church and enable Ihem to ensure that the financial slalernents comply with the
Charities and Trustee Investment (Scotland) Act 2005. the Charitie5 Accounts IScoll3ndl Regulations 2006 and the
provisions of the trust deed. They are also responsible for safeguarding the assets of the church and hence for
taking reasonable steps for the prevention and detection of fraud and other irregulanties.
The trlislee "eporl vJ3s aporoved bl the Board of Trustees
26 %larch 2025

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
I report on the financial statements of the church for the year ended 31 December 2024. wttlch are set out on pages
71021.
RespKtive responsibllitles of Trustees and examiner
The chui¢h's Trustees 8re responsible for the prepafation of the finanaal slalemen15 in accordance with the term$
ol the Charities and Trustee Investment IS¢otlandl Act 2005 and the Charities Ac£ounls (Scollandl Regulations
2008. The church Trustees consider that the audit requirement of Regulation 1011 Ilal-lcl of the Charities Accounts
Iscotlandl Regulations 2006 does not apply.
It is my resrK)nsibility to examine the finBncial stalements as requiied under section 4411 Ilcl ol the Charities and
Trustee Investment (Scollandl Act 2005 and to state whether particular matters have come lo my allenlion.
B•¥ls of Independent examiner's statement
y examination Is carried out in accordance with Regulation 11 of the Charities Ac¢tsunls (Scolland) Regulations
2008. An examination includes a feview of the accounting records kept by the ¢haTily and a comp2riscn of the
financial slalemenls presented with those record5 It also inGludes considerat'on ol any unusual items or disclosures
in the fin8nci81 statements, and seeking explanations from the Irusleos concerning any sueh matters. The
procedures undertaken do not provide all the evidence that would be reqLJif8d in an audit, and consequently I do nc>l
expre$$ an audit twinion on the vlew glven by the financial ststements.
Independent examIne￿5 Statement
In Ihe course of my examination, no matter has come lo my attention
which gives me reasonab￿ cause lo beSieve that in any material fespecl the requirements..
lo keep 8ccounling records in accordance with Section 4411 Ila) of the Ch8rilies and Trustee InvestrMÈnl
ISco118ndl Ad 2005 and Regulation 4 of the Chanlies Accounts (Scollandl Regulations 2006, and
lo p￿pare financial statements which accord with the accounting rowrds and comply with Regulation 8 01
the Charities Account5 (Scotlandl Regulations 2006
have not been met, or
2 to which. in my opinion, attention should be drawn in order to enable a proper understanding Of the financial
statements lo be reachèd
MacKenzio KeN Limited
Chartered Accountants
Redwood
19 Culduthel Road
Inverness
IV2 4AA
27 March 2025

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and1egacies
Charitable activities
Investments
88.940
35,673
30,729
9,319
98,259
35,673
31,053
86,634
27,829
29,711
4,159
90,793
27,829
29.896
324
185
Total Income
155,342
9,643
164,985
144,174
4.344
148,518
Expenditure on:
Charitable activities
161,020
10.363
171,383
113.360
11.389
124,749
Total expenditure
161,020
10,363
171,383
113,360
11,389
124,749
Nel g8inslllossesl on
investments
10
7,863
7,863
7.738
7,738
Net IncomelleX￿ndIture> and
movèment In fund$
2,185
17201
1,465
38.552
17.0451
31,507
Reconclllatlon of funds:
Fund balances at 1 January
2024
1,002,341
185,386 1,187,727
963,789
192,431
1,156,220
Fund balances at 31
December 2024
1,004,526
184,666 1,189,192
1,002,341
185,386 1,187,727
The statement of financial activities includes all gains and losses recognisèd in the year. All income and expentliture
derive from continuing activities.

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Not•8
Flxed assets
Tangible assets
Investment propety
Investments
12
13
14
717,146
300.000
140,148
731,817
300,000
132.285
1.157,294
1,164,102
Current assets
Debtors
Cash at bank and in hand
15
6.410
53,948
48,485
56,051
60.358
Credltorn: amounts fa115ng due wlthln
one year
16
124,1531
{36,733
Net c￿rrent assets
31,898
23,625
Total asset5 less current liabilitie5
1.189,192
1.187.727
The funds of the church
Reslricled income funds
Unrestricted funds
17
184.666
1.004,526
185.386
1.002.341
1.189,192
1,187.727
The financial statements were approved b the Trustee5 on 28 March 2025

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policigs
Charlty Infom)ation
Crown Church Inverness is a charity registered in Scotland The registered office is Kingsmills Road,
Inverness IV2 3JT.
1.1 A¢counllng convfyntlon
The financial statements have been prepared in accordanee with the church's goveming document. the
Charities and Trustee Investment Iscotlandl Act 2005, the Charities Accounts (Scollandl Regulations 2006.
FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities
SORP 'Aceounling and Reporting by Charities.. Stslemenl of Recommended Practice applicable lo charities
prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021" The church is a Public Benefit Entity as defined by FRS 102.
The church has taken advantage of the provisions in the SORP for charities not lo prepare a slalemenl ol
cash flows.
The financial statements a￿ prepared in sterling, which is the functional currency of the Church. Monetary
amounts in these financial slalemenls are rounded to the nearest £.
The financial slalemenls have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going concern
At the time ol approving the fin8nci81 slalemenls, the Trustees have a reasonable expectation that the church
has adequate resources lo continue in operational existence tor the foreseeable future. Thus the TrLk%lees
continue lo adopt the going concern basis of accounting in preparing the financial slalemenls
1.3 Charitable funds
Unreslricled funds a￿ available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific Conditions by donors or grantors as lo how they may be used. The
purposes and uses of the reslricted funds are sel out in the notes lo the financial slalements.
Endowment funds are subject lo specific conditions by donors that the capital must be maintained by the
church.
1.4 Income
Income is recognised when the church is legally entitled to it after any perfomance condition5 have been met,
the amounts can be measured reliably, and il Is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the church has been notified
ol the donation, unless performance conditions require deferral of the amount. Income lax recoverable In
relation to donations received under GiftAid or deeils of covenant 15 recognised at the lime of the donation.
Legacies are recogn15ed on receipt or otherwse if the church has been notified of 8n impending distribution,
the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as
contingent asset

CROWN CHURCH INVERNESS {CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢¢ountlng pollclgs Iconlinuedl
1.5 Expendlture
Expenditure is recognised once there 15 a legal or constructive obligation lo Iransler economic benefit lo a
third party, it is probable that a transfer of econornic benefits wll k)e required in settlement, and the amount ol
the obligats'on can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the lolal of dIr￿t costs and
shared eosls, ineludino support costs involved in undertaking each aclivily. Direct costs attributable to a single
activity ale allocated directly lo that activity Shared costs which ¢ontribute to more than one activity and
support costs which are not attributable lo a single activity are apportioned between those activities on a bas5S
consistent with the use of resources Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tanglblg flxod assgts
Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, net of
depreciation and any impairment losses.
Depreciation is iecognised so as lo write off the cost or valuation of assets less their residua1 values over Iheif
useful lives on the following bases..
Land and buildings
Property Improvements
Plant and equipment
Fixtures and fittings
Not depreciated
Over 40 years
Over 5 years
Over 10 years
The gain 01 loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is re￿gnised in the statement ol financial activities.
Following revaluation in 2020, the manse will no longer be depreciated, as Il is considered that the life of the
asset is so long and the residual value so great that no depreciation is necessary.
1.7 Investment property
Investment property. which is property held lo earn rentals andlor for capital appreciation, is initially
recognised al cosl. which includes the purchase cost and any directly attributable expenditure. Subsequently
il 1$ measLJred at fair value al the reporting end date. The surplus or defiat on revaluation Is recognised in
profit or loss.
1.8 Fixed asset investments
Fixed asset investments are initially measured al transaction pri￿ excluding transaction costs, and are
subsequently measured at lair value al each reporting dale. Changes in fair value are recognised in nel
incomellexpenditurel for the year. Transaction costs are expensed a5 Incurred.
1.9 Impairment of fixed assets
Al each reporting end date, the church reviews the carrying amounts of its tangible assets lo determine
whether there is any indication Ihal those assets have suffered an impairment loss. If any sueh I￿￿￿&t10n
exists. the recoverable amount of the asset Is e511mated In order lo determine the extent of the impairment
loss lif any).
1.10 Cash and cash equivalents
Cash and cash equivalenls include cash in hand, deposits held al call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
10-

CROWN CHURCH INVERNESS {CHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies Icontlnuedl
1.11 Financial instruments
The church has elected lo apply the provisions of Section 11 '8asic Financial Instruments, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the church's balance sheet when the church becomes party lo the
contractual provisions of the inslrumenl.
Financial assets and liabilities are offset, with the net amounts presented in the financial slalements, when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price ineluding Ir8n5aclion costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement constitutes a financing Iransaclion. where the Iransa¢tion is
measured al the present value of the lulure receipts discounted al a market rale of interest Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, inclLJding creditors and bank loans are initially recognised at transaction pri￿ unless
the arrangement constitutes a financing transactlon, where the debt instrument is measured al the present
value of the future payments discounted at a market rale of interest. Financial liabilitie5 classified as payable
wilhin one year are not amortised.
Debt instrument5 ale subsequently carried al amortised cost, using the effective interest rate method.
Trade credilofs are obligations lo pay lor goods or services that have been acquired in the ordinary course ol
operations from suppliers. Amounts payable are ¢lassified as Current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured at amortised cost USln9 the effective interest method.
Derecognition of flnancial liabilities
Financial liabilities are derecognised when the church'5 contractual obligations expire or are discharged or
can￿lled.
1.12 Employee beneflts
The cost of any unused holid&y enlillement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the church is demonstrably committed
to lerminale the employment of an employee or to provide termination benefits.
1.13 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacl&s
Unrestricted Restricted
funds
funds
2024
2024
Totsl Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Offerings
Legacies
Donations
Gift Aid
Fixed asset donations
66,345
3,393
3.082
16,120
66,345
3,393
11,339
17,182
67,613
1,000
1.724
16,297
67.613
1.000
1,724
16.297
4.159
8,257
1,062
4,159
88,940
9,319
98,259
86,634
4,159
90,793
Income from charitable activities
Unrestrlcted
funds
2024
Unrestricted
funds
2023
Charitable actlvltle$
Weddings and funerals
Coffee mornings
Church organisations- subscriptions
Church organisalions- aetivities
Hall rents received
1,259
1.541
770
2.028
30,075
690
770
3,418
21,287
35,673
27,829
Income from investments
Unrestricted Restricted
funds
funds
2024
2024
Totsl Unrestricted Re5trlcted
funds
fund$
2023
2023
Total
2024
2023
Dividends re￿iVed
Rentsl income- Highland
Council
Interest receivable
4,518
257
4,775
3,894
18S
4,079
25.000
1,211
25,000
1,278
25,000
817
25,000
817
67
30,729
324
31,053
29,711
185
29,896
12

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on charitable activitles
2024
2023
Direct costs
Ministrie5 Mission ConlribLrtion
Ministerial assistance
other salary costs
Presbytery dues
Organists
Outreach and training
Music and organ
Mission fund
Benevolent expendrture
Guild expenditure
Crown Church Band expenditure
Offering envelopes
48,898
15,807
8,516
978
5,250
48,848
9,209
5,881
983
4,800
333
1,780
1,050
225
3,527
100
203
3,101
279
2,598
171
85.598
76,939
Share ofsupport and governance costs (see note 61
Support
Govemance
82,535
3,250
43,377
4,433
171,383
124,749
Analysis by fund
Unrestricted funds
Reslricied funds
161,020
10,363
113,360
11,389
171,383
124,749
Support costs allo¢atgd to activities
2024
2023
Dèpreciatiot)
Fabric repairs and maintenance
Council lax
Other building costs
Telephone, PPS and photocopying
Publicity and advertising
Other expenses
Governance costs
14,671
30,781
3,688
23,679
3,185
1,048
5,483
3,250
14.099
6.677
3,594
14.780
3.029
515
683
4,433
85,785
47,810
Analysed bglween:
Charitable activiles
85,785
47,810
13-

CROWN CHURCH INVERNESS {CHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Net movemgnt in funds
2024
2023
The nel movement in funds 1$ slated after chargingllcredilingl..
Fees payable for the independent examination of the charity's financial
slalemenls
Depreciation of owned tangible fixed assets
Lossllprofitl on disposal of tangible f5xed assets
3,250
14,671
2,600
14.799
17001
Trustees
No trustees received any remuneration or reimbursement of expenses during the year.
Employees
The average monthly number of employees during the year was..
2024
Number
2023
Numbèr
All Church of Scotland congregations contribute lo the National Stipend Fund which bears the costs of all
ministers stipends and employer's contributions for national insurance. pension and housing and loan fund.
Ministers stipends are paid in accordance with the national stipend scale. which is related lo years of service,
For the year under review the minimum stipend was £31,642 and the maximum stipend, In the 5th and
subsequent years of service £38,884.
There were no employee$ whose annual remuneration was more than £60,000.
10 Gains and losses on Invgstments
Unrestricted Unrestricted
fund5
funds
2024
2023
Gain51llos5esl arising on..
Revaluation of investments
7,863
7,738
11 Taxation
The charity is exempl from taxation on ils activities because all ils income is applied for charf(able purposes.
14-

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Tanglble fixed assets
Land and
Property
bulldlngs Improvements
Plant and Fixlurts and
equipment
fftt4ng$
Total
Cost
Al 1 January 2024
452,000
239,293
44,512
66,645
802,450
Al 31 December 2024
452,000
239.293
44,572
66,645
802,450
Dgpreclatlon and impairment
Al 1 January 2024
Depreciation charged in the year
15.469
5,998
39,515
2,008
15,649
6,665
70,633
14,671
Al 31 December 2024
21.467
41,523
22,314
85.304
Carrying amount
Al 31 December 2024
452,000
217,826
2,989
44,331
717,146
At 31 December 2023
452,000
223,823
4,997
50,997
731,817
rhe building included above is the church manse and was revalued by the Iruslees al 31 December 21r20 by
reference lo local property selling prices. The trustees consider th81 the above figure of £452.000 also
represents a reasonable market value al 31 De￿mber 2024.
13 Investment property
2024
Falr value
Al 1 January 2024 and 31 December 2024
300,000
The Crown Church owns the church halls. During the year ended 31 December 2021 the church entered 1nto
a 50 year lease of the Lower Halls with Highland Council (who themselves carried out a substantial renovation
of the hallsl. As this fell within the definition of an 'lnveslmenl Property,. the trustees were required to value
the Lower Halls at 'fair value,. The professional valuation, carried out by Shepherds, Chartered Surveyors,
gave a fair value of £300,000 8131 De￿mber 2021 and the trustees consider thi5 to be a fair value al 31
Decernber 2024 a150. With regard lo the remainder of the church halls, the trustees consider that no
reasonable eslim8le of value can be made for these assets at the balance sheet dale and therefore no value
fof them has been included in the accounts.
15

CROWN CHURCH INVERNESS ICHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Flxed asset Investments
Unlisted
investments
Cost or valuatlon
Al 1 January 2024
Gain on investments
132,285
7,863
Al 31 December 2024
140,148
Carrylng amount
Al 31 December 2024
140,148
Al 310ecember 2023
132,285
15 Debtors
2024
2023
Amounts falllng due wlthin one year-
Trade debtors
GiftAid tax refund due
Other debtors
Prepayments and accrued income
1,853
4,288
50
1,375
989
3,855
226
1,340
7,566
6,410
16 CrÈdltors'. amounts falllng due within one year
2024
2023
Trade creditors
Other eredilors
Accruals and deferred income
15,205
5,698
3,250
15.205
17.716
3,812
24,153
36,733
16-

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific eondrtions by donors as to how they may be used.
At 1 January
2024
Incomlng
resources
Resources
expended
Transfers
At31
December
2024
Mission Fund
Manse wood-bumer Fltnd
Fixed Asset Fund
20120 development Fund
4,063
885
180.438
129
33
4,192
918
170,075
9.481
110,3631
9.481
185,386
9,643
110,363}
184,666
Prevlous year:
At 1 January
2023
Incomlng
resourc9$
Resources
expended
Transfers
At31
Oecember
2023
Mission Fund
Manse wood-burnerfvn
Fixed Asset fund
Upper Hall
Sanctuary A & T
Sanctuary PBIP
4,957
856
156
29
4.159
11,0501
4,063
885
180,438
110,3391
186.618
185,7661
130.6621
170,1901
85.766
30,662
70,190
192,431
4,344
111,3891
185,386
17-

CROWN CHURCH INVERNESS {CHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Restricted funds Icontlnuedl
Purposes of Restrictsd funds
Mission fund:
This fund comprises donations provided specifically to support outreach projects. locally, nationally and
inlernalionally.
Manse wood-burner:
This fund comprises a donation provided specifically to purchase a wood-burner for the manse.
Crown chU￿h 20120 Development fund (Restricted) Upper Hall..
This fund comprises grants and donations received for the purposes ol investing In 'a major upgrade, of the
Crown Church buildings, commencing with a refurbishment of the Upper Hall, which commenced in 2020 and
was cornpleled in 2022. As the project was completed in 2022, the balance of the fund was transferred lo the
reslricled Fixed Assets fund.
Crown Church 20120 Developm8nt fund IRestrictedl- Sanctuary IA&TI'.
This fund comprises a grant from Adapt and Thrive, for the purpose of removing pews from the Sanctuary,
levelling the floor and purchasing new ehairs. As the project was completed in 2022. the balance of the fund
was transferred to the restricted Fixed Assets fund.
Crown Church 20120 Development fund IRe$trictedl- Sanctuary IPBIPI:
This fund comprises a grant from 'Place Based Investment programme, (administered by Highland Counall
for the purposes ol installing an AV system. lighting and ¢8rrying out other building works in the Sanctuary. As
the project was completed In 2022. the balance of the fund was transferred lo the reslricled Fixed Assets fund.
Flxed Assets fund-
This fund represents the written down value of all the Church's fixed assets funded by reslricled grants and
donations and Includes transfers of fund balances from the three original Crown Church 20120 reslrided Fixod
A5sel Development funds as described above.
18

CROWN CHURCH INVERNESS {CHURCH OF SCOTLAND)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These Include
designated funds which have been set aside out of unreslricteé funds by the trustee5 foi specific purposes
At 1 January
2024
Incomlng
resources
Resources
expended
Transfgrs
Galns and
losses
At31
December
2024
Fixed asset
funds
Fabric funds
Music and
organ funds
Benevolent
funds
Band funds
Guild funds
20120
Oevelopmenl
Fund
General funds
851,379
60,000
14,3081
847,071
50,000
110.0001
3,708
120
11,1041
2,724
855
1,814
926
451
370
2,961
12781
1,028
1,884
1,039
13001
12501
12,5981
13,6601
1149,0721
20,000
19,4501
16,340
84.440
83.659
151.440
7,863
1,002,341
155,342
1161,0201
7,863
1,004.526
Previous year.. At 1 January
2023
Incoming
resources
Resources
expendfrd
Transfers
Gains and
loss&s
At31
Oecember
2023
Fixed asset
tunds
Fabric funds
Music and
organ funds
Benevolent
funds
Band funds
Guild funds
General funds
847,153
29.962
14,4601
8,686
30,038
851,379
60.000
3.579
129
3,708
1.046
1,674
731
79,644
34
490
3,922
139,599
12251
11001
13,5271
1105.0481
855
1,814
926
83,659
12501
12001
138.2741
7,738
963,789
144,174
{113,3601
7,738
1,002,341
19-

CROWN CHURCH INVERNESS (CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Unrestricted funds Icontlnuedl
Flxgd Assets fund:
This fund represents the written down value of all the Chuich's fixed assets. excluding those covered by the
restricted Fixed Asset fund.
Fabric fund:
The Trustees have sel aside this fund for the maintenance of the church property.
Music & organ fund:
The Trustees have set aside this fund for the purchase of music resourees for use in worship and for
maintenance. refurbishment or replacement of the church organ.
Benevolent fund:
The Trustees have set aside thi5 fund lo be used by the minister for acts of benevolence.
Crown Church 20120 Development fund IDesignatedl'.
The trustees created this fund lo meet the cosls of 'major upgrades, of the church buildings.
Plans are being drawn up for a new entrance and reception area
19 Analy$ls of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 De¢èmbfyr 2024..
Tangible assets
Investment properties
Investments
Current asselsllliabililiesl
546,153
300,000
140,148
18,225
170.993
717,148
300,000
140,148
31.898
13.673
1,004.528
184,666
1,189.192
Unrestrlcted
funds
2023
Restricted
funds
2023
Total
2023
At 31 Decernber 2023:
Tangible assets
Investment properties
Investments
Current assetsllliabililiesl
551,379
300,000
127,097
23,865
180,438
731,817
300.000
132,285
23,825
5,188
12401
1,002,341
185.386
1,187,727
20-

CROWN CHURCH INVERNESS {CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Rfrlated party transactions
There were no disclosable related paty transactions during the year (2023- nonè).
During the year . a total of £26,28612023 £32,536) was donated to the congregation by ITUStees Iprtor to gift
aid recovery). This comprised unrestricted donations of £26.28612023 £32,5361.
21 Collection for Thlrd Partles
2024
2023
Al Shaurook Blind School
North Street Church, Kingston, Jamaica
Crown Youth
8,125
500
8,625
22 Volunteers
In common with all congregations ol the Church ol Scotland. the congregation benefits frorn the contribLttions
made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of
congregational life which rely on the contribution of volunteers are many and varied and much of the activity
would be unable lo continue were it not for the Commitment shown.
21