Garrabost Free Church of Scotland Trustees, Report and Financial Ststements Year Ended 31 De￿fflber 2024 Charity No SC038120 Garrabost Free Church of Scotland Contents of the Try$tees' Report and Financial Ststements for the year ended31 tÈceml*r 2024 Page urch Information Re￿rt of the Trustees Re￿rt of the Inde￿ndent Examiner stateM￿t of Finanoal Activsb"es Balan￿ Sheet Note5 to the Accounts 8~13 Garrabost Free Church of Scotland Church Informatlon TNsté¢s Point Freè Churth became a re9iStered Scottish Charity on 26 April 2007. The name urwjer which it is registsred thanged to Garrabost Free Church of Scotbnd on the 28 Decemhpr 2017. The Man￿rS ofthe Deacors, are the Trustees of the Charity. Address Contsct Address Treasurer Bankers Virgin Money 23 South Beach Street StorTh)way IS￿ of Lemris HSI 28Q Indeperylent Examlner LIL% Services 6J KenTW street siorrK)WaY Isle of Le￿￿$ IISI ?Dg Garrabost Free Church of Scotland Report of the Trustees The Trustees are plea*d to present their repxjrt together with the finanaal statements of the churth for the year erKJed 31 De￿mber 2024. status of Charity and Governing Document Garrabost Free thurch of Scotland is established by Constitution. Garrabost Free Church of Scotland (unL*r the original name P￿nt Free Church of Scotsand) Lkcame a registered Scottish Charity (No. SC038120) on 26 Arxil 2007. Alms and Affiliatlon The Free Churd) of Scotland ojrrertly has around 100 o)TrJregations In scotland, as well as 2 in London and 3 in North America, and sister Churches founded by mission work in India, Peru and South Africa. Church also has a fL*II time degree awarding college in the heart of Edinburgh for the training of Ministers and other Cthristian worfoers and sustsins an extensve Missionary programme relative to the size of t church. Dats'ng from 1843 but with its roots in the Reformation, it owes its distinth.ve b.tle to its historical struggle to remain 'free' from State Interferen￿ in its interna1 affrdirs. It has close and athve relations with many other Ref0M￿ churthes of Jesus Christ throughout the worfd and stands fimily in the traditron whi(h aC￿pts the Bible in its entsrety as the Word of GOKI and. therefore, derives its forms of teaching, worship, ministry and government from it. The Fnain emphasis of our worship is the preaching of the gospel - the go￿ news of a free and sovereign salvation through Jesus Christ alone. The Free Church of knttand is a Presbyterian Church adhering in its worshlp and dts*rine to the position of the Church of Scotland at the Reformation. There is an explanatory document which explains the Origins of the Church and which gives the historical background to the thurch coming into being in L843 and lists documents in which is embodied its constrtution. Garrab05t Free thurch of Scotland is a congregation of the national Free thurch of Scotland WOTkn"ng towards the common aims set out atove. The congregation is within the Western Isles P￿sbYlery and is authorised by the Church to have a minister pa￿ from the central fijnds of the (hurch. The Church building and the Ministerfs manse are the property of the congregation. The building5 are not under the Q)urth's Modd Tfust Deed. Trustees •nd Office Beare The Congregatson is uovemed and administered by elerted Offi￿ bearers and its minister, or Interim Moderator in time of vacancy. The Kirk Sesgon, bwng the minister (or Interim Moderator) and elected elders, has respJn5ibility for spiritual oversight, while the Deacons Court, composed of Kirk Sesson members plus el￿ted Deacons, oversee financial and property matters. Under charity Law, the Deacons Court are deemed to be the trustees of the congregation as those with the responsibility for day to day management and contrd. Garrabost Free Church of Scotland Report of the Trustees Trustees and Offlce Bearèrs (Contd.) The Deacons. Court (the Truste￿) who ser¥ed durir¥J the year were a5 follows'.- Nnthal Team Eldet5 Appointrnent of Trustees The Kirk session exercises its dixretion in determinin9 the most apwopriate meth(MY of el￿ting new Twstees (Elikrs and t*aconsl. Any el￿tiOn process must involve the comrnun1cant memtErship ol the congr￿at￿n. There is no fixed term lor Trusteethip. Pn"or lo their aptK>intment, new Trustees ￿Uld have served ihe Church for sonE ty.rne in var(ous rdes arHJ would L* famillar wlth the Church's values, its aims and obRctlve5 as well as Its thy-t(kday otRrations. As part of their induttioTr piogramtTt, new Trustees are required to underthd their statutory resFx)nsbilities of their office within the congregation as dder or deacon. A¢hi¢v¢mwts and Pwforniancq In rdation to congregatlonal aLtimi: The congregatK)n now have a serf& Thinistry u[￿er Rev lain Thomson Sin￿ January 2021. Our Sunday morning servi￿5 are held in the Main Road b￿lding and oijr evening serwces in the Schcol Road txjilding. Atte[KIan￿ varies between 80 and 100 In the mornings and between 50 and 80 in the evenings. Both Sunday seMces are livestreamed and are usually watched by 20 pEople over and atK the in-FErson attendance. The rnidweek Prayer Meeting and Bible Study Is held e￿h Wednesday alternatrng tktween both clMJrch buitdings and when the meeting Is In School Road, it is also I￿e￿reaMed (via congregational link only). We l%)ve an in-FEfg)n ￿tUrdaY evening prayer rrEeting each week and a&0 have a monthly Ear￿ Morning Pr8￿r Meeting at 8.(Alawn MiCrothTea￿ts. SuThJay School meets each SuTrJay during the morning servitr during schod term and is well attended with ntlrnbers ranging from 14 to 20 each week, Duri￿ the summer holidays we held a &Jmmer &Jnday School which was also well attended. We support Var￿JUS organisations suth as Christan con￿rn, the ChrI￿"8n Institute. News for Everyone (formerly the Gideon51 finanoally. Individuals support Compasgon as do wr sunday khool. Our Sunday khc()l also have wee￿Y colktions to supp)rt selected organisations during the Y￿r. Individuals alx) support ott*r miwcy) JJenae5 and we recewe communication from Slavic GoskEI, Dayone and others. Some of our m*tings are tsken by representatNes of vanous missionary uganisations aTrd we always d(¥)ate £300 forevery misyon org3nisalion that intwacts with us efcher at the prayer meeting or felbw5hip. The Kirk Ses90n worked on a development plan whlch was presente(J fo the congregation at rhe annu31 rneeting. The pkn Is r83ularly re￿eWed and updated. Garrabost Free Church of Scotland Report of the Trustées Achievemerts and Perfomiance (Contd.) Devdopment Plon Summary: MlssiDn- Point to Christ visic￿-'A Church wrth a prayerf￿ heart for our communlty, where, through the preathing and teaching of the gospel, followets of Jesus are ent￿raged and equipped, ro go and make d15clples, as we long to See people of all generatlons comrnlt thelr Il¥es to the Lord. Goals-Tr Kirk Session have identified the following g)ab, and being wholly dependent on Gxl in prayer. whilst secking His guidarre and blessing, they would desire to achrve them ￿ March 2029 To be charactèrised as a congregation who are fully de￿ndalt on Gcwj In prayer To be a tongregati(N) Lornmittèd to thÈ praige and worship of God To be rectsJnised as a cCWgregati￿ that is united in vigon and purw. To be evaroelistic in our outbok. To be a postive presen￿ and Influen￿ in the distrirt of Point. To be a centre of ex￿#er￿e for teaching, training, equipping arKI ￿ndIng di%iples. To have one building which enables us to deliver our vision for years to tx)me. In ￿latIon to Cl￿gregational funding: PartKipation In the Gift Aid kherne ￿MaInS at a huh level, and corwJregational finances remain lealthy. The congregab'on has respK)ndeO well to meeting all Its finanaal challengES and obligations dunro the past year, and remains heamly dep￿dent on the free*vIII glvings and the gerErostty ol its contrlbutots. The TrtJsiee5 are very grateful to the SUPFK)rter5 of the con9regation for their continued generosity Financial ￿te￿ 7ncHMlwirces of rtynding The church re¢Aves it funding from d)urth memters and adherents by way of weekly c¢fferings arKI Gift 'd donations. Rewlts lorthé y8ar At the end of 2024 the General Flnd has a balan￿ of £42.28712023- £36,376). DurirKJ 2018 the Brdighe Road Manse and the Aird Mis&on House were ￿ld with the monies receThied. toJether with nominal values of the Gairabost Manse and Church Hall teing shown in the tksignated Assets Fund. The total value of the As*ts Fund as al 31 c*M￿r 2024 is £462,579 12023 - £452,219). In addition various Restricted Funds are held. The total balance of Restne(ed Funds as at 31 D￿rter 2024 is £109,474 12023 £105,600). Totsl reserve5 Induding the rEt kxx)k value of fix￿1 assets and balan￿5 on ￿$triCted fvnds arn￿nted to E614,340 (2023 - E594,195). ststement on Rlsk The Trustees assess the major risks lo whÈch the chwity is ex￿1 CA) an ongoing basis and have established W£￿edureS to mTrtigate th9* that are Klentified a5 a result of the* reviews The TrL5St&s Report and Stater*Ent of Accounts were examined and approved by the Trustees at the rn?.pting rf thp De3coTrs' CDiIrt hdd on behalf: i u I L IIoL> and the unt*rnoted were aprxNrtÈd by thè ru Trustee Garrabost Free Church of Scotland Re￿rt of the Independent Examiner to the Trustees forthe year etx*rf31 [￿nItser 2024 I rerx)rt on the accounts of the charty for the year encjed 31 Lknmber 2024 which are *t ￿Jt on pages 6tol3. R￿1Ve responsibilities of trnStees and examiner The charity's trustees are resw>n9ble for the weparation of the acctyjnts in accordantt with the temis of the Ckorities and Trustee Investment (Scotlandl Act 2005 and tFe Charities Accounts (Scotland) Regulations 20C6. tharity trustees consider that the audit requirement of Regulation 10111 (a) to (c) OF the Accounts RegulatKJns dc*s not apply. It Is my responsibility to examine the aecounts as requira under ￿tiOn 44(11 {c) of the Art and to state ￿￿ther part￿￿lar matters have conE to my attenttin. Basis of independent ex•miner'5 ststement My examination is carried out in accordance witfv Regulation 11 of the char￿e9 Actounts (Scotland) Regulaticms 201￿. An examination includes a rev*w of the accounting r￿ordS kept by the charity and a companscfft of the accounts presented with those records. It also includes considerat￿n of any unusual lten￿ ￿ disclosures in the accounts, and ￿kS explanations from the trustees Con￿rning any such matters. The prC￿edU￿$ ufidertaken (b not PTOVKJe all t1￿ e￿den￿ that would be required in an audlt. and consequently I do not express an audit opinion on the Mew given by the accounts. IndePende￿t examlnerfs ststement In the course of my examination, no matter has come to my attentioft l. whith gives rre rea5￿able ￿L￿e to believe that in any rnaterial respert the requirements: . to keep attountir¥J records in accordance wth Section 4411) {a) of the 2005 Art and Regulats'on 4 of the 2006 Account5 Wulalions. and • to prepare acc()unts which accord with the accounting record5 and CoM￿Y wlth Regulation 8 of the Acthjnts Reg4Jlations have not tken rnet, or 2. to whi h, in my opynion. attention thould be d13￿ in ryder to enatle a proper understanding (A the Insbtute t Charterea Accountantvin Èngland and Wale5 CIB Servi￿$ 63 Kenneth Street Stornoway Isle of Lewis HSI 2DS Dated.. IL )&i'ifffi6olU¥ 2025 Garrabost Fr& Church of Scotland ststement of financial attivities Year ended 31 ￿eMb￿ 2024 Unrestncted Funds General DesKJnated Restritted Fund Funds Funds Totrdl 2024 Totsl 2023 Incorning re￿Ur¢ Voluntary Income Bank inter 149,498 17.177 26 166.675 10,4aO 166,645 6,965 10,371 Ic 1,442 1,542 3,OCV3 in on sale of property Insuran￿ Ciairn - Mat15e Repair5 Total In¢omln4 resourtes 149,601 10,371 18,645 178,617 176,619 Qontab* activtties (*)verna￿e ci*s Other resources expended.. depredn Total resource5 expended Net Incomingloutgoing resourt•s before trangfers 141,119 582 15.133 156.252 582 1,638 158.472 154,834 552 2,023 1,627 16,760 14L,70L li 157,409 7,900 10,360 1,885 20.145 19.210 Tra[￿fe[S 16 11,9891 5.911 1,989 3,874 Net rnovement in funds after transfws 10,360 20,145 19.210 Revaluation of As*ts T￿1 funds btwght fr*ward 36,376 451219 105.6Q) 594,195 574,985 Totsl funds tanied foTh¥ard 42,28Y 461579 109h74 614,340 594.195 (Nrte 16? (Nrte 16) (Jwore 17) The rntes form part of these financwl #atet¥ents. Garrabost Free Church of Scotland Balance sheet As at 31 December 2024 2023 T3n9Strde assets 166.820 268.458 Cuwentassets Iz 273,021 75,081 348,102 269,67D 56,614 326,289 Cash at and in hand credit￿5., fallbn9 dyE within •newr Net Curnt &5sets 13 552 347.520 32%737 Creditsrs.. falling due afteront year Totsl N4tAsf•ts 6L4.340 594,1gS Repr*rttd by: Unre5tntted funds Restre(ed funds 16 17 504,866 109,474 614,340 488,595 105,fj(N) 594.195 The finanoal staterne￿ on pa￿ 6 to 13 were exatNned and ¥proved by the Trustees at the meeting of the Deacons. IiidoThntpd .¥ere appDwthd bythe thjrt 10 9gn theAcrou*ttS thI t￿r tef*lr'. Tn'.s The iicles [￿ffi part of th￿t *atetnert5. Garrabost Free Church of Scotland Notes to the Flnandal Statements fv the iearended311knn7ber 2024 l. Accounting Policies Basis of preparing the finanoal strtements The finanoal statements of the charity, whlch is a puuic benefit entity under FRS 102, have been prepared in accordance wtth the Charities SORP IFRS 1021 'Accounts'ng and Reporting by (harf(ies: Ststement of Recixnmended Practi￿ applicable to charitY2s preparing their accounts in accordan￿ with the Finanaal ReE￿ing Stsndard applicable in the UK and RepU￿1C of Ireland IFRS 1021 {effective l January 20151,, Financial Repo￿ng Standard 102 The Financial RerK)rting Standard applicab￿ in the UK and RepuNic of Ireland. and the Charities aTrJ Trustee Investment Iscodandl ALt 2005. The finanoal *atements have been p￿pare(s under the historical cost convention. The flnanoal statements are prepared in sterling which is the functional currency of the charity. The trustees consider that there are no material uncertainties the chartys ability to continue as a going concem. The trustees also consider that there are no si9nfficant areas of J"udgen*nts, eskn.ft￿teS or key assumptions that aff￿ items in the accounts. Church Income All voluntary income and bank interest is accounted for when r￿1ved. Income from tax recoveries on Gift Aid is accounted for on ttr￿ accruals basis. Tangil)le fixedawets Heritable property is stated at the Trustees'estimate of market value at the balan￿ sh&t date. Uwn the joining of Point Free Church and Knock Free Churth the Heritsble proFerty which had been owned by Knock Free Churth has now been introduced into the Garrabost Free church Accounts with a revaluation value based uwn figu￿5 in the Knock Free Church aco)unts for the year ended 31 D￿mber 2017. The churches have not been valued in view of the limited market available and are not induded in the Balan￿ Sheet. With the ex￿ption of heritable property, depreciation is provided at the following annual rates in order to write off each asset over its esb"mated useful life.'- Man* ImwOveTh￿nts Fixtures and equipment Computer Equipment 2% straight line 200h reduong balan 33% straight line staten￿ltof￿nanaJlA(t¥Vitles For the pUr[￿se of the StaterrEnt of Financial Actiwties as shown on page 6, funds are defined as fdlows.. Unrestrlctad fijnds comprise grants and other income re￿V￿1 for the objects of the church without further specified purwjse and are available as general funds. Designated fvnds represent unrestrirted funds which have b￿n earmarked by the Trustees for particular wrpDse Restricted funds comprise income which has re￿Ned for the objetts of the church and Specif￿ for a restrirted purpw within these objetts by the donor. Garrabost Free Church of Scotland Notes to the financial ststements Year 31 Dpcemtv 2024 Z ¥O￿ntary Income Unrestricted Fur￿5 Reyirted General Designated Funds Totsl 2024 Totsl 2023 IndN￿Uè1* other & [￿alJonS Legathes Tax redaim 130,639 2,532 i(y) 16227 14.663 785 145.302 3,317 LLYJ 17,956 144.026 2,758 i.n9 19.B61 149,498 17.177 166,675 166.645 3. I￿oMe from d￿￿ttable actl¥Stles Spedflc Wals FundièlsSng Magalne5, Book5 & CD ￿￿1P1t Supply RefutKJed 692 750 692 750 833 1.744 432 ILYJ ILX) 1,442 1,542 investmert Incomo Bank Interest 10,371 26 io, 6,965 5. Charliable act[¥tt￿9 (Xher dirert sraff Suprort Totri 2024 Toi31 2023 Lotsl Mini*ries Nab(wl and oversea5 minislrte5 6,405 113,480 36.367 156.252 Is4￿34 6,405 (p￿9) 113,480 36,367 156.252 154,834 OfwNth: Relating to ￿qTrated Fund Relaong to General FurKI Relatin9 to re#riciÈd funds 106.695 6,785 28.019 141.119 15,133 140.267 14,567 2024 2023 Exarnkner¥ rernunerao 552 582 552 7. Other Resources Expended 2024 2023 Hehtable Prcwty.. Depreckitton Mènse Improvements.. Dep￿lation Fi%￿re% & Fitbng5.' Depreoatkin Computer EouipmÈnt'. 1,627 1,627 396 1.638 Garrabost Free Church of Scotland Notes to the financial statements Yeai ended 31 E*cember 2024 SuppDrt costs unrestri￿ Fur Gen¥al ￿gnated Resthtted Fund FLTh1s Rjnds T(kni 2024 T(knl 2023 Heat & ￿ght Council Tax Water Charges Churth ano Manse Irsurance ChurrJTr Mairt & Repairs Manse Maint. & Repairs Tekphone & Intemet Printingi Stat￿tEry & P051age 16,917 1,887 16,917 1,887 12,538 2,299 7,325 7,325 I,474 6.874 1,307 583 6,r27 8,616 1.474 6.874 1,307 583 1.498 872 2B,019 36.367 3tl.450 9. Stsff costs and numbers 2024 2024 2023 Gross salaries EmpkJyer's Natic¥)al In￿ra￿ Irte￿m Mcthratrt ExEer Min15tefs Supplementsry Salary Mini5terf5 Eynse5 6,405 6,405 7,488 6,405 6,405 The average ￿em￿oYeeS the year was l- p31d from Cenrral furth12023'. 11 10.Olher Dlrert Costs 2024 2024 2023 lool Ministries tK)natrn to central furK A%sembly and Presbytery Expenses F•)oks, Magazines & CD'S Sermon ALKlio, LNe str&amin9 & ai Mini&ry Gaellc ￿gIti$a￿on Prolett Jlpt 5upplv Cotnmuniw Fell0Y￿hjP EX￿ peals ar¥1 tbnètions Sabbath Schoc4lYeuth Gr￿pS Wfm expense5 Caretaker 92.599 2.170 47 756 92,599 2,170 393 756 92.194 2,723 384 I,(X)2 1,150 450 190 5.614 620 1,150 450 190 9,568 3,105 1.150 450 9,920 3,954 2.485 50 2,2 2.2rx) 3(X) 429 G*)eral Expenses 899 106,695 6,785 113.480 112.896 NaiiDnal and ryregation of £6,405. e(C￿ed £1,600 Ir. rCcWnit￿ of serVIc￿ p￿Ided as d)urd) t3r@tacer ND T￿￿tee or a ￿rSts to a Trkjstee had ai¥ per*￿￿1 interest in any contratt ortrrti(n ￿te￿ into by Owrity during the year. 16. Unre*tric￿ funds Bèlance at Incoming 01.01.24 rwLrces e￿r[led Transfers 31.12.24 Gene￿1 Fund 36.376 I49,￿1 IJ41,7011 IL,989) 41287 t￿ignated fijnds.. ssets Fund 452,219 10,371 4￿,595 159,972 461579 1141,7121 11,989) 504.866 Trxal Unrestr￿e# funos Genernl F￿70 enLDtryaw all iFk))me aThJ exper￿lture relats'ng to the primary f￿5 attWit￿$ of the tt¢rity, other U)a) those ¥%ttKh funcjing Is restric￿. Repres￿ value of unre51rthJ funds repre5erted by Fixed assets. 12 Garrabost Free Church of Scotland Notes to the financial statements Year ended 31 December 2024 Baiince at Irmmhi9 RestyJros 01.01.24 fesour(es expended Balarre at 31.12.24 Proie(ts Fund yèle M&sion HO￿ Fur Magazines. BL4*s&CDs Ben￿o￿nt Fund w￿en for Mlsskin >bbath sch￿1 Fund ABC Fur GadK D￿j11￿￿On Pmjett e(iil Collect￿n5 Total re5tnctsd fund5 ),422 10,137 14.Th) {9,975) 94.837 10.137 13461 {I,0001 {2.9341 647 2,488 353 2.437 262 I05,6￿j 692 IB,645 14871 116,7601 467 109,474 18. Att•1￿1¥0•11QtA5Xts by lunds Gthieral Des￿nated Rest[￿ted Fund Funds Fund5 Tots1 2024 T¢ral 2023 192,WJ 74,820 266,820 268,458 Debt0￿ and p¢pa￿Th￿t5 Cath at bank and In hand 3.019 39,850 269,643 936 359 34,295 273,021 75,081 269,670 56,619 Cu¥tertLlablliti¢s Ciedrtth5 and accrua 15821 15521 c￿￿t¢￿ > l year 19. C47ntrfbthtoC•thi Funds 2024 2023 Min&ry Lthv AdmifNstratith Proie(L5 L 33,240 25,8 34,183 1624) 31,450 24,OL¥J 36,744 io. Thlrd 2024 2023 Beihesda DEC- Earthouake Appeal 430 335 76S 11. Kfft￿k Mlsslott House Krwk Mi59on Hotsse had been trèntsred to tre Kn(th communty hl the We I9￿$ or eaty IW¥. Ihere are now no r￿01￿1￿9 offlce bearersand t ha5 beai deemed Dy iaww that rth belon9Sto the Free Churth. After cotbsutt&￿n w*h wll•Je5 of Knock, Sworoaie and A￿TrIsh rt Wa$ agrttd to Sell the b￿￿Ing With any groceeds on the beit¥J donated to the ctyntnunty of Knotk. The salewa5 conduded In 2025. afid y1￿ded Ner Prtteed5 of É67,007.