CHARITY REGISTRATION NUM8ER: SC023203 Craig Lodge Trust Unaudited Financial Statements 31 December 2023 Chartered accountants S Argyll Square Oban Argyll PA34 4AZ
Craig Lodge Trust Financlal Statements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report lo the Irustees Statement of financial activities Statement ol financial position Notes lo the financial statements The followlng pages do nol form part of the linanclal slatements Detailed statement of financial activities Notes lo the detailed statement of financial activities 19 21
Craig Lodge Trust Trustees, Annual Report Year ended 31 Decembar 2023 The trustees pregeni their report and the unaudited financial statement5 01 thè charity for the year encled 31 December 2023. Reference and admln18trallve details Registered ¢harlty nam• Charlty rtrglstratlon numb8r Craig Lodge Trust .qeO??2n3 en examinèr Oban Argyll PA34 4AZ Structure, governgnce gnd management Organlsatlonal Siructuro The management ol the Trust is the responsibility ol the Trusiees who are elected undar the terms ol the Trust. Governance and Iniernal Control The Trusle6s have conductgd their own review ol the major risks lo which the chariiy Is exposed and Systems have been eslablishea 10 milig2ie Ihc¥se risks. Obl8¢tlves and activitie5 Charitable Objgcllves The principal objects of the Trust are to advar7ce the Christian religion by proclaiming the word ol God through prayers, contemplation and public worship and to relieve poverty, advance education ancl religion in any part ol the world as the Trustees think lit.
Craig Lodge Trust Trustees, Annual Report (¢ontlnu8dJ Year ended 31 December 2023 Objectlv&s and aellvltles {eontInu} Our MIs8lon The mission ol Craig Lodge Trust is lo create a Family House ol Prayer that lacililaies encounters with the saving power ol Jesus Christ. 11 is a plac& ol prayer, worship, hospitality and fellowship. 11 provides opportunities lor public prayer (Holy Mass, A(Joration ol the Eucharist, prayer ol the Church, the rosary and praise 2nd worship gatherings), runs retreat events lo build lailh lor all ages inclLJding young people and families and loslers a Community ol lay people whose commitment lo a lileslyle ol prayer, service and evangelisalion underpins all the work of Craig Lodge. It also ollers a discipling programme lo form young adults as Spiril-lilled evangelizers. Aehlevemenis and pertormance Creating A House of Praygr For over thirty years we have Stewarded a place of Christian spiritual retreat with public Prayer of the Church, the Rosary, Praise and Worship and celebration ol the Eucharist, al ils heart. In 2023 we., Welcomed all who wanted lo join us in prayer, worship and adoration. Provided opportunities lor private and corporate prayer1-40 hours ol weekly public prayer) Served the local community as a Sunday Mass centre for our dioce$8 ol Argyll and the Isles 150 regular attendee81 Offered a programme ol lailh-building public events114 public retreats in 20231 Lecl lailh evenis lor young people12 in 20231 Held special weeks lor young lamilies14 in 20231 Ollered healing prayer, in person and online Maintained our buildings and grounds lo ensure all our visitors can enjoy rest and hosprtalily {-1,000 in 20231 Our drnam Is to bo 8 house ofpr8ygr wlth round the ¢lock worsljlp. Our Misslon House We offer a formation programme lo ompower and equip young adults lo become missionaries. This ministry builds on thirty years ol ollering young adults the experience ol living In a Christian community. In 2023 we.. - Ollered a nine-month residential discipleship prograrTTrme Provided accommodation and meals lor eight young missionaries Taught an Encounter Ministries basecl curriculum Provided opportunitios to go on mission and gain hands-on experience Provided spiritual accompaniment to our young missionaries Modelled a lifestyle ol prayer anrj intimacy with Jesus as the source ol the Goocl News we share Shared the Good News ol the gospel with others through street ministry, school and parish missions
Craig Lodge Trust Trustees, Annual Report (eontlftued) Year ended 31 December 2023 Aehle¥gment8 and performance (contlnued) Nurturing Craig Lodge Community For the last thirty years we have suppori¢d the work ol building a community ol believers commilled lo a lifestyle ol prayer, Service and worship. Over 2023 w8.. Supported tha Communills leadership team Ollered opportunities lor regular private and corporate prayer Provided lorrnaiion Facilitateo regular ministry VDluntgering opponunilies Frullful Partner8hip5 We now enjoy partnership8 with several grant making trusts. As we grow our missionary actlvllies. we are seeking new sources ol funding and looking forward to building more relationships wiltt Irusis, touydalions and Individual benelaclors who wanl lo sow into our ministriès. Flnanclal rgvlfrw The trust reports a SUTplus of unre51ricted funds of £2,346 and a delicil of restricted funds of £5S resulting in an overall surplus 01 £3,29112022. D21icil £64,202). The irnprove¢ outlurn is partly attribulable lo an increase in donations 2nd other voluntary giving combined with a (Jecrease in repairs and maintenance Costs compared lo the prior year. Reserves The Trusiees hav& established a policy that Increments every year wilh CPIH inllalion, il the cash in the bank drops below that value, currently £89.459. then an emergency T,,uslees meoling is rnandated. At ihis level the Trustees believe this ensures that il retains sullicieni lunes lo enable il lo continue working towards ils obj8clives. At the year end reserves held were in excess ol this level. Plons for future perlods The chaiity is in the process of moving lo a SCIO from 14th MarcF7 2024. However, a dale lor the transition has not yei beèn agreed bwih OSCR as yet bui the charity expect this lo b& the first ol September 2024. The Iruslees, 8nnuAI report. Iy?s approvcd on and signecl on bèhalf ol the board ol
Craig Lodge Trust Independent Examiner's Report to the Truslees of Craig Lodge Trust Year ended 31 December 2023 report lo the trustees on my examination of the Ilnancial 5talemenls ol Craig Lodgo Trust I'lhe charilll lor the year ended 31 Dec8mber 2023. Responsibilitles and basls of i¢port As the trustees ol the charily you are responsible IDr th8 preparation ol the financial 51atem8nts in accordance with the requirements of thè Charities ana Trustee Inveslmeni Iscoiiandl A¢1 2005 (the '2005 Acl'l and the Charities Accounts IS¢ollandl Regulations 2006 las amenttecll. You are satisfied that your charity is not required by charity law lo be audile<J and have chosen Instead lo have an Independent examinaiion. I report in respect of my exarninalion of th& charitys financial statements as carried out under section 4411llel ol Ihg 2005 Act. In carrying out my examination I have followed the requiremen15 01 Regulation I l ol the Chanlies Accounis Iscotlandl Regulations 2006 las amended). Independent examlnèr's statemont Since the charity has preparèd ils accounts on an accruals basis your examinor must be a member ol a body listed in Regulation 1112101 the Charities Accouits Iscotlanel Regulation$ 2006 las amenttedl. I can conlirrn rhat l arn qualified lo undertaKe Ihe &xaminaiion because l am a registere¢ membèi of thg As50cialion ol Chartergd Certilied Ac¢ounlanis which is one ol the listed bodies. I hav8 completed my 8xaminalion. I conlirrn that no mallers have come ILI my attantion giving me Cause lo beliove thai in any material respe¢i.' accounting records wer& not kept as required by section 44111121 of the 2005 Aei and Regulation 4 OY the Charili¢s Accounts Isctsiianel Regulation5 2006 las amended),. or the financial staiemenis do nol accord with those records.. or the fInacIal sta; ements do not comssy with the accounting QUIr8M•ntS ol Flegulalion 8 of the Charitie5 Accounts Iscotlandl Regulations 2006 las amencledl. I have no coneerns and have come across no other matters In connection with the examination to wle) atr,eYlion should be draivy in Iyis report in ordgr to enablg a proper understanding ol the accoun:.s to 5 Argyll Square Oban Argyll PA34 4AZ
Craig Lodge Trust Statement of Financlal Activlties Year ended 31 December 2023 2023 Reslricled funds Total tunds Total funds Unreslricled funds 2022 Incomg and endowm9nts Donations and18gacies Charitable aeiivitips Investment income Other ineorne Total income Expèndlture Expenditure on charitable activities Other exp9nLYilure Total expendlture Note 275,737 85,879 1,374 697 4.000 279,737 85,879 1,374 697 251,832 71,930 209 1,480 363,687 4,000 367,687 325,451 359,459 882 4,055 10 363,514 882 389,653 360,341 4,055 364,396 389,653 Net In¢omellexpendllurel and net movement In funds 3,346 1551 3,291 164,2021 Re¢oneiliatlon ol lunds Total funds brought forward Total lunds carrled forward 212.588 3,588 3,533 216,176 219,467 280,378 216,176 215,934 The statement ol financial activities includes all gains and losses reeognised in Ihg year. All income and expenditure derive from continuing activities. The notes on pages 7 to 17 fom part of thèse Ilnanclal statemgnts.
Craig Lodge Trust Statement of Financlal Positlon 31 December 2023 2023 2022 FIX assgts Tangible fixed assets Current 888el$ Stocks Debtor5 Cash al bank and in hand Note 15 65,290 71,393 16 17 1,500 12,165 150,389 2,6QO 21,546 129.547 153,693 164,054 Creditors: omounts falllng due wlthln orte year Net Currént ass9ts Total 888ets less current liablllll88 Net assets 18 9,877 154,177 8,910 144,783 219,467 216.176 216,17S 219,467 Funds of the charlty Restricted funds Unrestricted funds Total eharlty tund$ 3.53ts 215,934 3,588 212,588 219,467 216.176 These lin8ncial sla+emen'.s ivorè approved by the btsard ol trustegs and authorised lor issue on 25 May 2023. aid are signecl on behalf ol the boarJ by.. The notes on pages 7 to 17 form part ol thè$e Ilnanclal st8tomgnt$.
Craig Lodge Trust Notes to the Financial Statements Year ended 31 December 2023 Lggal Statu$ ol the eharlty The Trust, which is a recognisecl charity in Scotland is operated in accordance with ils Trust Deed dated 28 December 1994. Statement of compllance These financial statements havè been prepared in compliance with FRS 102, 'The Financial Aeporting Standard applicable in the UK and the Republic ol Ireland,, the Slaiemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharilies SORP IFRS 10211 and the Charities anLI Truslge Investmoni IScollanLYI Aa 2005 an(J the Charity Accounts (Scotlandl Regulations 2006 las amende(Jl. Accounting policle$ Basls of preparation The linan¢ial statements have been prepared on the historical cost basis, as moc8ilied by the revaluation of certain financial assets and liabilities and inveslmenl properties measured at lair value through income or expenditure. The financial statements arg prepared in Sterling, which is the functional currency ol the entity. Golng concern There are no material uncertainties about the charity's ability lo continue. Disclosure exemptlons The entity salislies the ¢ril8ria ol being a qualitng entity as delinecl in FRS 102. As such, 8dvanlag8 has been taken ol the following disclosure exemptions available under paragraph 1.12 of FRS 102. lal No cash flow slalemenl has been presented lor the company. Ibl Disclosures in respect ol financial instruments have not been presented. Judgements and kéy 80urce$ of estlmation uncertalnty The preparation ol the financial statements requir&s management to make judgements, estimates ancj assumptions that allect the amounts reported. These estimates and judgements are continually revièwed and are based on experience and Other laclors, including Èxpectations ol lulure events thai are believed lo be reasonable under the circtjmslances.
Craig Lodge Trust Notes to the Financlal Statements ieon1lnu} Year ended 31 December 2023 A¢¢ounting pollcles (Collllnued) Fund accounting Unresiricled funds are available lor use at the discretion ol the Iruslees lo further any ol the charills purposes. Designated funds are unrestricted funds eafmarked by the trustees lor particular future project or commitment. Restricted funds are subjected lo reslriclions on their expenditure declared by the donor or through Ihe terms ol an appeal, and fall into one ol two sub-classes.. reslrieted income funds or endowment funds. Income All income is included in the statement of financial activities when enlillement has passed lo the charity, il is probable that the econpmic benefits associated with the Iransaciion will Ilow lo the charity and the amount can be reliably measureo. The following specific policies are applied lo particular catègories ol income.. income from donations or grants is r&cognised when there is evidence ol eniillemenl lo the gift, receipt is probable and ils amount can be measured reliably. legacy incorne is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured al the fair value ol the goods unless this is impraclicle lo measure reliably, in which case the value is derived from the c05110 the donor or the eslimaied resale value. Donated lacililies and services are recognised in the acc()unls when received il the value can be reliabily measure(J. No amounts are included lor the contribution ol general volunteers. income from contracts lor the supply ol services is recognised with the delivery ol the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and rèturned il unspent, in which case il may be regarded as restricted. Expenditure Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings of the slalemenl ol financial activities lo which it relates.. expenditure on raising funds includes the costs ol all fundraising aclivilies, events, non- charitable trading activities, and the sale ol donatod goods. expenditure on charitable activities includes all costs incurred by a charity in undenaking activities that further ils charitable airns lor the benefit of ils beneficiaries, inclLJding those support costs and costs relating lo the govèrnance of the charity apportion&d lo charitable aclivilies. other expencjilure includes all expenditure that is neither related lo raising funds for the charity nor part ol ils expenditure on charilable aclivilies.
Craig Lodge Trust Notes to the Financial Staternents (continued) Year ended 31 December 2023 A¢¢ounllng pollclès (continued) Exp¢ndllure (conllnuedj All costs are allocated lo expenditure categories reflecting the use of the resource. Direei Costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apprortioned between the activities they contribute lo on a reasonable, justifiable and consisienl basis. Tangible assets Tangible assets are initially recorded al cost, and subsequently slated al Cost less any accumulated depreciation and impairment losses. Any tangible assets carried ai revalued amounts are recorded al the lair value al th& dale of revaluation less any subsequent a¢cumulaled depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result ol a revaluation, is recognised In other recognised gains and losses, unless il reverses a charge for impairment th81 has previously bèen recognised as expenditure within the Slalemenl ol financial aeiivilies. A decrease in the carrying amount ol an asset as a result ol revaluation, is recognised in Dlher recognised gains and losses, except to which it ollsets any previous revaluation gain, in which case the loss is shown within other recognisecj gains and losses on the slalement of financial aclivilies. Depreclallon Depreeialion is calculated so as lo write oll the cost or valuation of an assÈi, less ils residual value, over the useful economic life ol that asset as follows.. Tenant's improvements Plant and machinery Fixtijres and fillings Motor vehiclos Slraighl line over the rèamaining life ol the lease 150/8 reducing balance 25 /0 reducing balance 25°/o Straight line In 2011 the Depreciation rale ol th& Long Leasehold property was changed from 8 10 10 1°/0 10 rellecl the length ol the 99 year lease, ol which 70 years are lell at December 2023. Impairment of flxed assets A review for indicators ol impairment is carried out ai each reporting date, with the recoverable amount being eslimaied where such indiealors exist. Where the carryiny value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are alsts reviewed lor possible reversal at each reportitTrg dale. For the purposes ol impairment t2sling, when it is ntsi possible lo estimate the recoverable amount ol an individual asset, an estimate is made ol the recoverable arnounl ol the cash- generating unit to which the asset belongs. The cash-generaling unil is the smallest identiliable groLJP ol assets that includes the assei and generates cash inflows that largely inclependent ol the cash inflows from other assets or groups of assets. For impairment lesling ol goo(Jwill. thè goodwill acquired in a business combination is, from the acquisition dale, allocated to each ol the cash-generaling units that are expected lo benefit from the synergies ol the combination, irrespective ol whether other assèts or liabilities ol the charity are assigned lo those units.
Craig Lodge Trust Notes to the Financial Statements f¢onfvnved) Year ended 31 December 2023 A¢countlng poll¢les f¢ontitTrued) Stocks Sioeks are measured al the lower of cost and eslimaled selling price less costs lo eomplele and sell. Cost includes all costs ol purchase, costs ol conversion and other costs incurred in bringing the Stock lo ils present location and eonditi¢n. Flnanclal instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the ¢onlraclLJal provisions ol the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured al thè cash or other eonsideration gxpected to be paid or received and not discounted. Oebl instruments are subsequently measured al amortisèd cost. Where investments in shares are publicly Iracjed or their fair value can otherwis& be measured reliably, the investment is subsequeniiy measured at lair value with changes in lair valuè recognised in income and expenditure. All other such investments are subsequently measured ai cost less impairment. Other financial instruments, including derivatives, are initially recognised al lair value, unless payment lor an asset is deferred beyond normal business terms or financed al a rate ol interest that is not a market rate, in which case thè asset is measured at the present value ol the future payments discounted at a market rale ol inleresi lor a similar debt Inslrumenl. Other financi81 instruments are subsequently measured ai tair value, with any changes recooni5ed in the statement ol financial activities, with the exception ol hedging instruments in a designated hedging relationship. Financial assets thai are measured at cost or amortisecl cost are reviewed lor objective evidence ol impairment at the end ol each reporting dale. 11 thère is objective evidence ol impairment, an impeirment loss is recognised under the appropriate heading in the Statement ol financial activities in which thè initial gain was recognised. For all equity instruments regardless ol significance, and other linaneial assets that are individually significant, these are assessed indiviclvally lor impairment. Other financial assets are either assessed individually or grouped on the basis ol similar credit risk characteristics. Any reversals ol impairment are recognised immediately, 10 the extent that the reversal does not resull in a carrying amount ol the financial asset that exceeds what the carrying 8mDuni would have been had the impairment not previously been recognised. Defined ¢onlrlbullon plans Contributions lo defined ¢onlribulion plans are recognised as an expense in the period in which the related service is provided. Propaid contributions are recognised as an asset lo the extent that the prepayment will lead to a reduction in future payments or a cash relLJnd. 10
Craig Lodge Trust Notes to the Financial Slatements fconiinued) Year ended 31 December 2023 Accountlng pollcies ieontlnuèd? Deflngd contrlbutlon plans (contInU} When contributions are not expected to be settled wholly within 12 months ol the end ol the reporting dale in which the employees render the related service, the liability is measurgd on a discounted present value basis. The unwinding ol the discount is recognised as an exnse in the period in which il arises. Donatlons and leoa¢les Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations Chapel income Other donations MissiDn lees 107,092 I,D87 4,670 2,000 107,092 1,087 4,670 2,000 Grants Sir Harold Hood Charitable Trust Garioch Charitable Trust Columba Trust 50,000 99,175 50,000 99,175 4,000 4,000 Othei donations and legacles Tax reclaimed on gilt aid 11,713 11,713 279,737 275,737 4,000 Unreslricled Funds Flestricled Total Funds Funds 2022 Donations Donations Chapel income Other cjonalions Mission lees 94,073 94,073 Grants Sir Harold Hood Charitable Trust Garioch Charitable Trust Columba Trust 50,000 100.865 50,000 100,865 Other donatlons and legacles Tax reclaimed on gill aid 6,894 251,832 6,894 251,832 11
Craig Lodge Trust Notes to the Financial Statements (eontlnuod) Year ended 31 December 2023 Charltable actlvltles Unreslricled Total Funds Unrestricted Total Funds Funcls 2023 Funds 2022 General & Family Relreals, Youth Work]Relaled Inc Mission House 81,879 4,000 81,879 4,000 59,317 12,613 59,317 12,613 85,879 85,879 71,930 71,930 Inveslmenl Ineome Unrestricted Total Funds ijnresiricled Total Funds Fun(Js 2023 Funds 2022 Bank interest receivable 1,374 1,374 209 209 Other Income Unre51rieied Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Other income 697 697 1,480 1,480 Expenditure on charilable actlville8 by fund type Unreslriclgd Funds Restricted Total Funds Funds 2023 Charitable activities Support costs 357,181 2,278 4,055 361,236 2,278 363,514 359,459 4,05S Unreslricled Funds Restricted Total Funds Funcls 2022 Charitable aetivilies Support costs 384,673 2,188 2,792 387,465 2,188 389,653 386,861 2,792
Craig Lodge Trust Notes to the Financial Statements Icontlnuedl Year ended 31 December 2023 Exptrnditure on charitable actlvilles by actlvlty type Activities undertaken directly Support Costs Total funds 2023 Total fund 2022 Charitable activities Governance costs 361,236 361,236 2,278 887,465 2.188 2,278 361,236 2,278 363,514 389,653 10. Other expendlluro Unrestricted Total Funds Unreslrieted Total Funds Funds 2023 Funds 2022 Loss on disposal ot tangiblè fixed assets held lor charity's own use 882 882 11. Nel incomellexpendlturel Nel incomellexpenditurel is staled aller chargingllcreditingl.. 2023 2022 Depreeialion ol langiblg fixed asset5 Loss on disposal of tangible fixed assets 4.936 882 8,892 12. Independenl examinatlon fees 2023 2022 Fees payable to the independent examiner for.. Independent examination ol the financial statements 1,440 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries Social security costs Employer ctsnlributions lo pension plans 177,187 10,548 5,290 170,741 10,125 5,076 193,025 185.942 The employment costs lioure includes support staff costs and also youth work Costs which are charitable activities undertaken directly. The averag& head count ol employees during the year was 712022.. 81. No employee received employee benefits ol more than £60,000 during the year12022'. Nill. 13
Craig Lodge Trust Notes lo the Flnanclal Statements (eonIlnuj Year ended 31 December 2023 13. Slafl costs l¢onllnued? Key Management Personnel The lolal remuneration ol key management personnel ot the ¢harily, comprising the Chief Executive Officer and the Operations Manager, was as follows.. 2023 2021 Salaries Employers Nl Pension contributions 45,281 3,949 1,359 50,589 43,656 3,588 1,381 48,625 14. Trustee remuneration and expen$os No Trustee received any direct remuneration in their role a5 Iru51ee, nor any benefits in kind or reimbursement ol expenses during the year. For related pany transactions see note 21. 15. Tanglble flxed a8set$ Tenant's improvemen Plant and Fixtures and Is machinery fittings Motor vehicles Total Cost Ai i Jan 2023 Disposals Al 31 Dec 2023 217,223 36,866 58,304 16,179 14,6651 11,514 328,572 14,6651 323,907 217,223 36,866 58,304 Depreciallon At 1 Jan 2023 Charge lor the year Disposals Ai 31 Dec 2023 Carrylng amount At 31 Dec 2023 Ai 31 Dec 2022 164,342 745 35,418 217 42,407 3,974 15,012 257,179 4,936 13,4981 258,617 13,4981 11,514 185,087 35,635 46,381 52,136 52,881 1,231 11,923 65,290 71,393 1,448 15,897 1,167 16. Stocks 2023 2022 Non-resale stock 1,500 2,600 14
Craig Lodge Trust Notes to the Flnancial Statements (¢onllnuJ Year ended 31 December 2023 17. Debtors 2023 2022 Prepayments and accrued incomè 12,165 21,546 18. Credllors: amounts falllng due wilhln one year 2023 2022 Accruals and deferred income 9,877 8,910 19. Penslons and other post rellremenl benefits Deflned contributlon plans The amount recognised in income or expenditure as an exp&nse in relation lo defined contribution plans was £5,29012022'. £5,076). 20. Analysls ol charltable funds Unrestricted funds Al 1 Jan 2023 Income Expenditure At Transfers 31 Dee 2023 General funds Designalecl Tenants Improvements 159,707 363,687 1359,5961 163,798 52,881 212,588 17451 1360.3411 52,136 215,934 363,687 Al 1 Jan 2022 Income Expenditure Ai Transfers 31 Dec 2022 General funds Designated Tenants lfflprovemenls 203,090 325,451 1384,6891 15,855 159,707 55,053 258,143 12,1721 1386,8611 52,881 212,588 325,451 15,855 The designated fund consists ol tenants improvement, which have been funded by both external grants and general income. Where grants are not received towards the Èxpenditure and improvements are funded out of unrestricted income, a Iransler is made from general funds to the designated fund. The depreciation lor the year is now charged directly lo the fund. 15
Craig Lodge Trust Notes to the Flnanclal Statements (eontinu8dl Year ended 31 December 2023 20. Analy81s ol charitable fund$ (¢oniinugdJ Re$irlcted funds Al 1 Jan 2023 Income Expenditure At Transfers 31 Dec 2023 Buildings and Inlraslruciure 8enefacl Trust (previously AIIChurches Trusti Columba Trust 3,588 12,4851 11,5701 14,0551 4.000 1,103 2,430 3,588 4,000 3,533 At 1 Jan 2022 Income Expenditure Al Transfers 31 Dec 2022 Buil(Jings and Inlraslruclure Benelacl Trust Ipreviously AIIChurches Trust) Columba Trust 15,855 115,8551 6,380 12.7921 3,588 22,235 12,7921 11 5,8551 3,588 Bulldlngs and Infraslru¢lure Costs have been incurred towards the construction ol a nèw recreational hall. In earlier years the Costs were included in prepayments, as the project was on hold until such lime additional funds were sought, The planning consent lor this project has now lapsed and the need tor the hall has significantly diminished. The costs have been removed from prepayments ancj includ6d as expenditure in the current year. The balance ol funds have alsg been transferred from reslri¢ied lo unrestricted funds. Benefact Trust The funds from Benelacl Trust support the creation and development ol our House ol Prayer's online mission. 16
Craig Lodge Trust Notes to the Financial Statements l¢onllnu8dJ Year ended 31 December 2023 21. AnalyÈl$ of net a8set¥ between funds Unresliicled Funds Reslricted Total Funds Funds 2023 Tangible fixed assets Curieni assets Crèditors less than 1 year Nel a$$ets 65,290 160,521 19,8771 215,934 65,290 164 054 19.8771 219,467 3,533 3,533 Unrestricle Funds Restricted Total Funds Funds 2022 Tangiblg fixed assets Current assets Creditors less Ihan 1 year Net a58et$ 71,393 150,105 18,9101 212.588 71,393 153,693 18,9101 216.176 3.588 3,588 22. Related partles The Trust loases Craig Lodge House from close relatives ol some former Irusle&$, on a who are 9 yeai lease which commenced on 28th December 1994. Following the appointment ol trustees Trjvho were uiconoecied with the family truslees, and as the rent hary npl ftki¢i" ec being paid lo decision was taken to increase the l&vel ol rent Thè family trustees, wno have since resigned. look no part in the (Jecision making process lo avoid any conflict ol interest, or personal interest in the deeision. Prio,, 10 2011 the annual reni wa5 £5,200. The Trust now pays rent of £240 per week1£200 pèr weèk Ljnlil 5 April 20221 which amounted lo £11,920 in the year 12021.. £10,400). The Trustees eonsi(ler that this Is Still well below the market value rent for the property. WIO Sgrves as a Trustee, is married lo a member ol Staff. She does not lake part In aiscussions with regard lo stall remuneration. 17
Craig Lodge Trust Management Information Year ended 31 December 2023 The lollowlng pages do not form part of the flnonc181 Slalements.
Craig Lodge Trust Detalled Statement of Financial Acllvities Year ended 31 December 2023 2023 2022 Income and endowments Donallons and legacles Donations Chapel income Other Llonations Mission lees Sir Harold Hood Charitable Trust Garioch Charitable Trust Columba Trust Tax reclaimed on gift aid 107,092 1,087 4,670 2,000 50,000 99,175 4,000 11,713 94,073 50,000 100,865 6,894 251,832 279,737 Charllable aclivllle$ General & Family Retreats, Youth WorklRelaled Inc Mission House 81,879 4,000 59,317 12,613 71,920 85,879 Investment Income Bank interest receivable 1,374 209 Other income Other income 697 1,480 Total income 367,687 325,451 19
Craig Lodge Trust Delalled Statement of Financlal Activit5es (¢ontihu8d) Year ended 31 December 2023 2023 2022 Expendlture Expenditurè on charllable activilles PLJrchases Wages and salaries Employer's NIC Pension costs Rent Rates and water Light anrj heal Repairs and maintenance Insurance Motor vehicle expenses Legal and professional lees Telephone Other ollice costs Depreciation Other expenses 30,619 177,187 10.548 5,290 12,48D 2,314 43,982 29,391 5,177 8,739 1,500 1,236 8,164 4,936 3,849 27,041 170,741 10,125 5,076 11.920 2,665 29,518 56,036 4,817 8,490 17,295 5,014 8,892 5,907 1,350 1,880 21,703 Retreat costs Community, leslival and youth events 1,654 16,448 363,514 389,653 Olhgr expendlture Loss on disposal of tangible lix¢d asse15 held for charity's own use 882 Total gxpendlture 364,396 389,653 N¢1 Incomellexpendilurel 3,291 164,2021 20
Craig Lodge Trust Notes to the Detailed Statement of Financial Actlvities Year ended 31 December 2023 2023 2022 Expenditure on charltable actlvilies Charitablè actlvitles Actiwitles undertaken dlrectly Provisions ancf materials Wages and salaries Employer's NIC Pension Costs Rent Rates & water Light & heal Repairs & maintenance Insurance Motor vehicle expenses Prolessional lees Telephone and communications Brochures and leallels Depreciation Other expenses Bad debts Retreat CDSIS Cornmunily, leslival and youth events 30,619 177,187 10,548 5,290 12,480 2,314 43,982 29,391 5,177 8,739 27,041 170,741 10,125 5,076 11,920 2,665 29,518 56,036 4,817 8,490 15,855 1,183 4,266 8.892 5,907 1,350 1,880 21,703 1,238 7,386 4,936 3,849 1,654 16,448 361,236 387,465 Governance cost$ Accountancy lees Payroll setvices 1,500 778 1,440 748 2,278 2,188 Expendlture on charitable actlvilies 363,514 389,653 21