GARDENSTOWN FREE PRESBYTERIAN CHURCH REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Charfty Numbw SC028486 LEIPER & SUMMERS CHARTERED ACCOUNTANTS & BUSINESS ADVISORS 4 CHARLOVE STREET FIUSERBURGH AB43 9JE
GARDENSTOWN FREE PResBYfERIAN CHURCH CONTENTS PAGE YEAR ENDED 31 DECEMBER 2023 Page Report ol Trustees Independent ExamineTS Rewt Statement of Flnanclal Activitie8 Balance Sh8et Note8 to the Accounts
GARDENSTOVVN FREE PResBYfERIAN CHURCH REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 The truste&s present thelr annual reF and financial ststements of the chanty for th8 year ended 31 December 2023. The financial statements have teen prepared in &cordance wth the a¢¢ounting pOIleS sel out in note 1 to the accounts and CoMY with the Charrties and Trustse Inv8strnent Iscouand) Act 2LN)5. the Charities Accounts {Scotiand} Regulations 2006 {a$ am9ndgdl and ounb'ng and Reporting by Charitss: Stzlement of Rttommonded Practice applrAble to charities prepanng their accounts in accordance with the Financial Repo.ng Standwd applicable in Ihe UK arKJ Repu of Ireland published 16th July 2014. Scottl8h Charlty Numb SC028488 Current Appolntmfrnts Contact Address Sansannah 37 Bayne Drive Dingwall Ross-shi IV15 9UB Indepond•nt Ex•mln•r Chartered Accountants & Buslness Advlsors 4 Charbtte Streel Fraserburgh AB43 9JE R•crultm•nt Ind Appolntrn•nt of Tru810•9 The Elders of the Church are appointed by the thmmunicant memtwship of the ¢ongregation 88 the Trustees ol the Church. A new trustee or new trustees may be appointed in the ple of any one of the trustees who thrwh death, retirnent or any other Cause ceases to be trustee or who desi3 lo be di3ch8rged fr(xn the Irust or vtho refvses or 18 unfit lo act or is Incapab of acts.ng heran. New trustees can only Ix apF>J'nted by a special meeting of the communicant member¥hip of Ihe congreg8n. Govgmlng Document The Ghurch is a trust and purp)ses and rubs of aJminislralw)n are set out in the constitution. Page 1
GARDENSTOWN FREE PRESBYfERIAN CHURCH REPORT OF THE TRUSTEES (continued) YEAR ENDED 310ECEMBER 2023 Ch•rltable Purposqs The church provld8s lor the public worship of Gc#J, thè preaching of the gospgj of the Lord J&su$ Christ. the instruction of ¢hiklren and adults and the pyomotion of relR)US. educatDnal and philanthropk purposes In the k)cal communty. Actlvltl•8 ond Achl•vem•nt• During the past year thè work and ministry of the church continuK to all ag8 groups Virough its week s•rvl¢é$, pastoral care and visttation of th8 ékjoty which is the rgsponsibility of the Minister and elders. Spiritual caro from the Minister is availabl& th need ari8as. Min*ter keeps the 8e$6ion informed. The Church wovidos $piritual counsel and guidance lo a wde sect$ of the communty. We run o Sabbath School for children on a Sunday momlng as well as Sunday SeNlces in the morning and the evening. We have a mid week service on a Wednesday evening and a Friday moming open air seThi¢e in Abtsrdean. We aL80 ¥eek lo invile others to the serw¢e¥ using Jcck¥l medkg ouuets, Facebook etc. As a congregation we welcome all members of sOcty into our meetings and eagerty encourage people to attend. It is our privilege as a t¢al Church congregation to serve Chdst In th6 part of Aberdeenshlre. Truitse Romunoratlon and Exp•ns R080lV After the defKit In the year of £13,48912022 - £11,397) the Charity had accumul8ted unrestrthd funds lotalling £150,17912022 - £163,668). The trustse's ¢onsider these funds will be 3uffi¢ient to enabb the Chaiity to continue to fund activths in the fOrthIng year. pe2
GARDENSTOWN FREE PRESBrrERIAN CHURCH REPORT OF THE TRUSTEES Icontlnu•dl YEAR ENDED 31 DECEMBER 2023 Tru$ts•s' roJpon•lblllth• In rnlation lo the Ilnancl•l 8tat•m•nts The ¢harity trustees are reSponsie fc weparing a trustees. annual ffjport and financial stslements in accordance with applicable law and Unibj Kingdom kcthnting Standards (United lQ'ngdom Generalty A¢c&pled Accounting PraGttil. The law applicable to charitres in Scovand requires the charity trustees to prepare flnancial stalernents for ea¢h year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and applrats'on of resources. of the charity for that period. In pparing the financial ststements, the trustees are requirwJ lo.. selecl SLtrtable accounttng pOlS and appty them con$isientJy'. ' obseNe the meth&Js and principles in the apble Charities SORP., . make judgements and eslimales that are reasonab and PAan1". . Stale whether appIab accounting $landard$ have bgen followed, subject to any material departuros dwbsed and explained in the financ1 statements,. prepare the financial Statements cfi the g¢ing concem basis unless il 18 inappropriats to presume that the ehanty will conbnue in busine8S. The trustees aw reSponbI8 for keeping prow a¢¢ounting ro¢ord8 that dlsch)se wth reasonable accuracy 8t any time the finan¢i81 F<)sthn of the ¢h8rity and to enabb them lo ensure that the finan¢ial statements compty wth the Charth88 and Trustee Investrnent IScottand} Act 2005, the Charities Accounts {Scolandl Regulalh)ns 20C6 {as amended) and the provlsions of the Trust Deed. They are also re¥ponwtAe for Safeguarding Ihe assets of the charity and hence taking reasonabh steps for the PTe¥enlion and ¢*teCtI of fraud and other irwularltes. lil ieJ15tJ¥4 Pag8 3
GARDENSTOWN FREE PRESBYfERIAN CHURCH INDEPENDENT EXAMINERS REPORT YEAR ENDED 31 DECEMBER 2023 Independent Ex&minerf8 Report to The Trn•t of Gardenstown Fro0 Pre8byterlan Church I P)rt on th6 accwnts of the charity for ihe year erKled 31 Decemtw 2023 which a set out on pages five and six. Rosp•¢tlve RponsIbIlItI of Tru•l••s and Ex•mlner The oharivs twstees are respons1te fcf the prepration of the ac£ounts in xcordance wrth the lemis of the Charitss and Trus InvestMt Iscotlandl Act 2005 and the Charllies Accounts {ScoNand} R6gulalions 2006 las amended). The charty trustees consjder that the audit requirement of Regulab'on 1 1> lal to Icl of the 2006 Accounts regulatrons does not apply. It is my reswnsibility lo examine the accounts as rtrquiTéd under section 44{11 Ic) of the Act and to stat8 whalher particular matters have come to my attention. Ba•lB of Indop•nd•nt Examln•rf• Slalfrm•nt My examinatton is carried out In acwrdance wlth Regulation 11 of the 2006 Accounts Regulaliofts. An examinalbn Includes a vIeW of the accntIng records kepl by the charty and a comparison of the a¢Unts presented with those rers. It also includes ¢onsideration of any unusual items or disckjsures in the accounts, and seeks explanat)n$ from the Iruslees concgrning any such matters. The prcrylures undertaken do nol provid8 all the evidence that would be required in an audi( arKI wnsequentty I do not express an audit opinlon on Ihe vlew gNen by the acuunls. Ind•p•ndont Examln•f8 St•t•m•nt In the coursg of rny èxaminatTh, no matt8r hag com8 to my attentn.. 11 whlch give6 me roasonatde cause to bel• that In wly material respect the requiremgnts.. ' lo keep accounting records in accordance wlih SeCtn 44(11 {•} of the 2005 Act and Regulats'on 4 of the 20C6 Accounts Regulabons ' to prepare accounts whh accord with Ihe a¢Unting records and compty with Regulation 8 of the 201K ACnIS ReguLqtions have not been met. or 21 to vthk*, in my opInK, attention Shwld be dra in order to enable a rrtoper uThJerstanding of the CoUnts to be reached. li Date Letper& Summers Chartered Accountsnts & Business Advrsors 4 Chark+tte Street Fraserburgh AB43 9JE Page 4
GARDENSTOWN FREE PRES8YfERIAN CHURCH STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31 DecEM8ER 2023 202 Offerings Sustenance FuThY Donatlon$ Chlldren's wnrk Miscellaneous Incc 39,881 5,000 8.89D 38,380 2.810 182 188 Tolal Incomlng R••our¢o• 53.961 41,404 Insurance Heat light Ra188 and watsr Repalrj, Ter¢wal$ and mgintonanGe Books, publications and advth1ising General exp?n•e¥ Mlnistets salary Employerf$ P¢n¥ion Ministef 8 expensos Travel ond mileop •ll¢%*8n¢o Pre8cher8 Chllthen's Wort( Gift6 8 dollations C•ntral payments Govgmanoe£o&ts Ae¢wnlan¢y 1.149 6.198 1,018 7,309 9.862 744 704 29,725 705 904 603 5B9 27,167 62B 4,272 2.331 1.253 2,732 3,352 300 1.369 2,300 812 900 Dtpreeialion ol Pfopety Depreciation of Equipmont 3,041 413 3,041 488 Total R•SoU M Expended 67.450 52,801 8urWuBIIDeflclt) for the yMr •nd•d 31 D•c•mb•r 2023 {13.489) (11,3971 Total fund¥ brought forw•nl 183.688 175,CE5 Totsl Fund• urrled fornTard 150,179 163 668 All fund¥ ar• unre¥trkled Pwje 5
GARDENSTOWN FREE PRESBYfERIAN CHURCH BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Foxed Assots Freehold Propety- Cost Fr00hold Propety- Accumulated Dewecration 182,027 182,027 125,795 128,83S Equipment- Cost Equipmenl- knumulaled De61K 11.911 {9,5691 11,911 Total Flx•d A•6ot• 128,137 131.S90 Currnnt A8•ets Other debtors Bank - Buikling Account Bank - Mi8sionary Account Bank- Treasurers Account Total Current AM•ts 1.887 428 1.647 348 24.e81 34,746 Currnnt Llablllu Accruals Sc¢lal Securlty & Other Taxes {1.205) (1,636) 12,619) 12,8681 Not Curr•nt A88•ts I ILlabllltl•8) 22.042 32,078 Total •••ets les• curr•nt Ilabllltlo• 150.179 163.868 Llabllhl•• Du• aft•r On• Y•ar 150.179 163,888 rho funds 01 th• Ch•rlty: umulated unre¥lrith(I funds brought fcThard 163.668 175,065 Def1 for year ended 31 December 2023 111397 Total Charlty Fund• 150.179 163,888 All funds ar• unro8trict•d Approved by tho tW8tees and sb3ned on the behalf ,1 Irjl so>4 P&Je 6
GARtENSTOWN FREE PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DeceMBER 2Q23 Accounllng Pollcl a) Basis ol preparation and a$se$smgnt ofwng eorTrm Tha attounts lfinant)81 statements) he bgen prepared Ihè cost Ccrfwgnlion with item8 recxjgnised al cosl or IransaclK)n valué unjess olhwfjse e(l in the rOVant nolelsl to these octounls. The finanaal statemgnls have been prepared in actordance i¢h Stement of Recomm&nded Pfacbce.. Accounllng and Reporting by Charils weparlng their acx>)unts in a¢)Xlrdan wilh the Finanu81 Reporting Standard aFvtica• in th• UK and ReputAic ol Ireland IFRS 1021 Issugd on 16 July 2014 and the Finan¢ial ReporbrvJ Standard applubla in tha Unli¢d lQ"rW¢yn and Republic ol Irdand IFRS 1021. tho Charities and Trustw Inv•stmwl {S¢>JilKO 2005 a1 the Charttlas A(x¥)unts IScotl¥ndl RegUlon8 20Cfj la$ 8rnended). Chartty csu1te3 a p(bI bfil vArtty as derwd by FRS 102. Tho trustees wsKkr that Ihere are rK) material ertaIntieS Ihe Charitys abillty lo ntinuo as a goir9 concem. b) Tafigibl¢ fixed assets.. Doprt¢iatlOn 18 pr[ded at tho follwng •nnual rat• tn 001 to Ylt• off &ach a88•t over 11$ 88tim8ted useful lrf•'. Budin Planl and machlnwy 2% 8tr8iuM Ilne 15% bakqnce cl Vduntary incorne 18 recoived by way of VlIOnS aTrJ gms 1$ in full in th& St8t•rn•nl ol Financial Activities vknen Na. T valu• of s•r¥ic•J provld8d by volunle8rn has b••n kndudetl. d) Grants are re¢¢4anised in lull In tha St•t•m•nt ol Fin#rKx•l Adr¥itl•• in th• y•or in lth thty ar8 raral8. èl Ro$our¢es expended aro reo>Jnlsfjd in the peric#J In whkh Ihey are Incurred. Re60urcs expended Include atirthlabk VAT whth cannot ba ro(thier&J. Unfestricted funds Arg donalh)n8 8nd othw Snwning r•sour¢u r•e¢fv8trI• oi g•nerat•d lef the obj•d6 of thè charity Vlilhovl furlher purp and ar• •vdl•bk 46 g•n•ral fvnd8. gi tknsignated fvnds are ur•#triCled fthJ• èamthèd by ts tru8th•8 fthisr purp08es. h) Restricted lunds are lo te used for specific purFoses as laid d(Y+vn by the don. Expendlture meets Lyfterla is Ch lo the fund. logetherwlth a alloc4tiry) of manggemont and ¥UPFrt c1$. l Op•r•tlng SurplusllD•fl¢lt) The cyerating (plU¥ ij stated after dwrging.. 2023 2022 D8preciaticn- own&J assets Taxatlon The charity Is exempt from oxwation tsx tharlIe aLibes TruBt• The mlister faceived r•mun8ration of £29.725 in th8 to 31 DecerDtrer 202312022 . £27,16n. Thwe were Irav81 exse8 reirnbursed in the year wjed 31 ()8eember 2023 of £2.732 (2022- £2,331). Emptyer penSn cLY)trlthi0 In the ye¥ ended 31 DeMta 2023 £705 (2022- £628}. Employees Avwage n(#ntw ol emptoyees year ènd 31 December 2023- 112022. 11. The Tr)tss forn part ol the ffinarvial stslerwits. Pag9 7