Scottish Charity No SCO22683
Lochgilphead Free Church of Scotland
Trustees’ Report and Financial Statements For the year ended 31 December 2024
Lochgilphead Free Church of Scotland
Contents of the Financial Statements For the year ended 31 December 2024
| Page | |
|---|---|
| Church information | 2 |
| Report of the Trustees | 3-4 |
| Report of the Independent Examiner | 5 |
| Receipts and Payments Account | 6 |
| Statement of Balances | 7 |
| Notes to the Financial Statements | 8 |
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Lochgilphead Free Church of Scotland
Church Information For the year ended 31 December 2024
Trustees
A list of Congregational Trustees during 2024 are listed on page 5 of the Trustees’ Report
Addresses
Lochnell St Lochgilphead Argyll PA31 8JN
Bankers
Bank of Scotland Poltalloch St Lochgilphead PA31 8LW
Independent Examiner
Institute of Chartered Accountants of Scotland Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HS1 2JF
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Lochgilphead Free Church of Scotland
Report of the Trustees For the year ended 31[st] December 2024
The Trustees are pleased to present their report together with the financial statements of the church for the year ended 31[st] December 2024.
Status of Charity and Governing Document
Lochgilphead Free Church of Scotland is established by Constitution. It is a registered Scottish Charity (No SCO22683).
Aims and Affiliation
Lochgilphead Free Church is a congregation of the national Free Church of Scotland working towards the common aims set out in her constitution. It is a Presbyterian church adhering in its worship to the position of the Church of Scotland at the Reformation. The Free Church of Scotland has an explanatory document which explains the origins of the Church and which gives the historical background to the Church coming into being in 1843 and lists documents in which is embodied the constitution of the Church. This document is available on request from the Free Church of Scotland, 15 North Bank St, The Mound, Edinburgh.
The Free Church of Scotland currently has around 100 congregations in Scotland, as well as one in London and four in North America and sister churches founded by mission work in India, Peru and South Africa. The church also has a seminary in Edinburgh for the training of ministers and other Christian workers and sustains an extensive missionary programme relative to the size of the Church. The principal activity of the Church is the conduct of public worship and associated matters in the context of local congregations.
Dating from 1843 but with its roots in the Reformation, it owes its distinctive title to its historical struggle to remain “free” from state interference in its internal affairs. It has close and active relations with many other Reformed churches of Jesus Christ throughout the world and stands firmly in the tradition which accepts the Bible in its entirety as the Word of God and therefore derives its forms of teaching, worship, ministry and government form it. The main emphasis of our worship is the preaching of the gospel- the good news of a free and sovereign salvation through Jesus Christ alone.
The congregation is within the Free Presbytery of Glasgow and Argyll, and, from 1st October 2024, is linked with Tarbert Free Church. The linked charge is authorised by the church to share a minister under a Five-Year Reviewable Tenure agreement
The church buildings are the property of the congregation and are held under the Church’s model trust deed.
Trustees and Office Bearers
Since the Church is Presbyterian in government, its day-to-day running is undertaken by the elders (the Kirk Session) and the Finance Committee. The elders are members of the Finance Committee. The Finance Committee’s specific function relates to the material and financial business of the congregation, whereas the elders are charged with the general and spiritual oversight of the congregation. Under Charity Law, the members of the Finance Committee are deemed to be the Trustees of the congregation as those with responsibility for day-to-day management and control. This is distinct from the role of Property Trustees who are responsible only for holding property in trust.
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Lochgilphead Free Church of Scotland Report of the Trustees For the year ended 31 December 2024 Finance C.ommit¢et The metnbers ol.the Finance commiti {Ihe TnBtee5) H'ho senel dunngthe irar 'Cre as fdloThs." Appointment ofC'hnty 'l'ru5ttts The FJnan¢¢ Cornmiiiee 15 elKI h (he wmmunllI member5 of the CM) Ihe recCmnth'on of th¢ Ik S¢¥¥JvJi 11) ieriiL% of ¢ht Cong#40.$ colI[l0n hdd office for n tsre di8ible for re-elothion Prior to thctr apyoiniment, new Tru519¢s 11 hgi¢ lh¢ Church for $on lime in i.gri0 roleE 8Thd are ram111 with the Churth's %'8lues Ind li airt ObJ1va% &4 well 18 115 d-tdaY OW¥iions Resiilts for the yeAI' The lo1 sutplus for ihe vear £24.26Q (2023.. £23,713 Afi a¢cotmimg for rnTr'tmis in inirtsim&ts hdiL at Ihe i'¢or end ihe chwth held funds amounling to L412,35912023". L403.688) cor6i5ting of the folloIng funds.. L'nre5tii=ted Gtntral Fund L'tvesffi=ttd Jesi£nartd Fabnc Fuod Rtstsjcted Cwial runds !0.gj 1:6.iS8 11 is the intention of the con8re8dioD to rya1e ihe thwch builthng w.ch is ¢Wr?l>. but &8 the ongr¢g41ion yrows nuMencl}. a lar8¢r Spa for ii'orship Is TQ4wreJ. Resttl¢¢ed Fuiid5 Dunng thc I'tar cndcd 3 l D(wnb¢r 2)19 the Torbth me• M•s sold 50% of the procw& w¢r¢ 10¢11¢d io Loth8Jlph¥ttd Free Church. Dvnn¥ ihe N'ellr. the Ttets rÉ%died IhAt Ihe amwil th had bea) rais¢d from the sale of ihe Loth8ilphead mae I12(),(61. iogeihef wilh ihe balance of the Desiww•J Fabric fund * 31 2023 1£2(1.1)37} be transferred io Ihe Building Fwnd ihat 15 T45lncted 10 reiThTr'eslrneni in apitsi pur¢h&s¢s Ddllils of Ihe irfers of rdS are 5hoiin in Ihe Sialenr ofBJlatK¢5 ( P*8e 7 ofthe finan slalemujts
lrfJ¢bgilphcad Free Church of Scotland Report tsflkn Indepedent to thE >¢xett&d 31. Dec¢mlxr X124. J onth¢ J1$ ofth¢ forthv pUd e¥&d31" DeL¥miv 241ich •JE t thl pws fA. Rt¥teli¥e relpowibilitieg of Trwteu nd kner The ¢TrltY,5 Trust¢45 T¢Jp¢Nuibk for tk ot accrxknx with tenns of th¢ Clwities alld Tru&ke Invettmem (S¢oilnd) Aa 21x15 the Chu1 Accwlls lknlndJ Re8( (8$ amendedj. The tharily Trust¢e5 c(widrT w]il rW4TrM of R¢8ukni 10(11 ()- (¢1 of th Ac4xuIts R¢8yl•tiffj 410¢$ AOI •ppty. L5 my re5rnsIbL1Ity w exominE thE acC(ts se¢tw)n 44(1) {È) of ly exgJMin(on is ¢wrtd Ixrt Ao a¢d with Reylim I I Ilthe (Jwilies Ar£ts IScLrtlwvfj R¢gvlioT rnFwi>m of preoled with IF#) lerds. It also i1th LS1[Stu#1 of Jy items uThkrtakcn do nol 0Vil a]1 cY¥JeTLZ thllt br rThwirts1 ill gn 8nd cowhwrt]y L O) not xlit opthlon onthe viewyYtAbyll Intr cMrye of mr l$ ¢c4tt tomygii¢nii(i.' rectsds in 8ctttd with 5¢dion 4411}(a) ofthc 2005 Aa bd R¢#ulth 4 offf ZIM)6 A¢¢fWm ReBuladons {as trd} And to PttP4ff a¢£xMwds wb with 8¢¢ou1 recrrfth CtyDFIy Tmth Regujalyjn 8 notbeeL rneL £¢ 2. to Whic my Opinio tt•rtw)tt should ie to eYAb]e a JedIng of tt tt>
Lochgilphead Free Church of Scotland
Receipts and Payments Accounts
For the year ended 31 December 2024
| Receipts Offerings Donations Tax recovered on GiftAid Interest Dividends received Total Receipts Payments Payments for charitable activities Minister's expenses Pulpit supply costs Presbytery Fees Ministry levy Levies to Free Church of Scotland Property repairs & maintenance Electricity Insurance Communications Grounds maintenance Council tax - manse Professional fees GiftAid fee Publications Teaching materials Licence fees Bank charges Charitable donations made Fund raising costs Total Payments Surplus for the year Transfers Net movement in funds after transfers |
Unrestricted Funds General Designated £ £ 25,423 0 1,334 0 5,898 0 0 0 0 0 32,655 0 |
Unrestricted Funds General Designated £ £ 25,423 0 1,334 0 5,898 0 0 0 0 0 32,655 0 |
Restricted | funds Manse £ 0 0 0 5,056 0 5,056 |
Total 2024 £ 25,423 7,969 6,398 9,880 0 49,670 |
Total 2023 £ 17,425 34,478 6,826 6,611 2,738 |
|---|---|---|---|---|---|---|
| General £ 25,423 1,334 5,898 0 0 32,655 |
Building £ 0 6,635 500 4,824 0 11,959 |
|||||
| 68,078 | ||||||
| 1,545 510 385 16,263 0 263 1,035 1,597 610 0 745 300 138 91 53 475 0 0 0 24,010 |
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
0 0 0 0 0 200 0 0 0 0 0 1,200 0 0 0 0 0 0 0 1,400 |
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
1,545 510 385 16,263 0 463 1,035 1,597 610 0 745 1,500 138 91 53 475 0 0 0 25,410 |
1,010 0 212 15,613 1,440 4,664 1,585 1,489 629 210 847 15,281 101 166 36 216 17 705 144 |
|
| 44,365 | ||||||
| 8,645 0 8,645 |
0 0 0 |
10,559 0 10,559 |
5,056 0 5,056 |
24,260 0 24,260 |
23,713 0 23,713 |
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Lochgilphead Free Church of Scotland Statement of Balances As ai 31 Dcccmi 2024 Unrutrided Funds Gener Design•trd Restricted fvhds Building Manse Totsl 2024 Tota] 2023 Notes B3nk & Cash in h¥nd Opcnlllg b&lancc Sutplus lor the )rar Trwisl¢i's LI(1n8 balance liU.46i ¥.(Ai 112V.6U6) I.IL37 126.3¥¥ 4.050 ZY6WYI) 2436 273,177 23.713 Ilijjy 1411 643 151,202 120.Oi7) 131,444 321.150 296.8YU RepreJetsdhy.' Bank a¢¢ounts Ch hcld by Fne Church o(Scollartd 3&504 25.773 64,277 49.89C) 1?4 4!9 ISI.202 131,414 131,444 2S6J73 321.150 24(1,994 Inwiimnti held by Frte Church of Scotland Op¢nJnb) balancc 1(&7 IiNG,798 14.411 105,113 1.685 Cla%lng 1¢¢ 121.209 100.798 Tolal of mometgry ttssetj held 159.713 ISI,202 131.444 442.359 403.688 Statement ol Asxts held for (harlt*ble PurpuS '. Church buildin8s 250,(4J 150.00(J steMent of IIAbilitles ai JI Dcctmbtr 2024 Iliioiccs duc for pa}muJt roi cd bi tlic Tiust¢cs on ZDZS Jnd si rnKd cli th&ll bclialt bk the undcTnoicd
Lochgilphead Free Church of Scotland
Notes to the Accounts
For the year ended 31 December 2024
1. Accounting policies
Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice – Accounting & Reporting by Charities (SORP 2005) issued in March 2015 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
Basis of financial statements
The financial statements have been prepared on a receipts and payments basis.
Investments
As the accounts are prepared on a receipts and payments basis, the investments are included at cost. Market Value of the investments is disclosed within the notes to the accounts.
Fixed assets
A statement of the assets held is shown in the notes to the accounts. No depreciation has been applied as depreciation is a non-cash item and therefore should not be included in the receipts and payments account.
Statement of Financial Activities
For the purpose of the Receipts and Payments account as shown on page 8, funds are defined as follows:
Unrestricted funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds.
Designated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes.
Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.
2. Tangible fixed assets
The estimated value of the church and adjacent hall are £150,000 and £100,000, respectively.
| 3. Investments Share pool units held with Free Church of Scotland: Value at beginning of year Movement in year Value at end of the year Number of units held: |
Total 2024 £ 106,798 14,411 121,209 21,064.76 |
Total 2023 £ 105,113 1,685 |
|---|---|---|
| 106,798 | ||
| 21,064.76 |
4. Related party transactions
During the year Trustees received payments for reimbursement of expenses totalling £2,805 as follows:
was reimbursed expenses including travel costs, council tax and church maintenance totalling
£2,805
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