RIGISTERED CHARITY NUMBEIL. SC012925 Report ofthe Trttrteu UDAudlted FIN•n¢lal Statements for the Yur End 31 Decunber 2024 CARLOWAY FREE CHURCH OF SCOTLAND Qwtcre4J Accountan¢3 26 tThis Srrcct Stornow&y lyl¢ of L£wis HSI 2JF
CARIL)WAY FREE CHURCH OF SCOTLAI¥D ColeAts of tbe FlnaTrclal Statements f•r the Ye•r Ended 31 December 2•24 Report Dfthe Trnrte I to 3 independent Exmi•er's Report Ref¢ipti Yellts Aec•ui Ststement of ¢¢$ to the Flncll S¢ateThents
CARLOWAY FREE CHURCH OF SCOTLAND Report of the Trnstees r•r Ibe Year Ended 31 Detember 2024 The trustees present their report with the fuwicial sthtrnLs of the charity for the y¢aT ended 31 DeCeT[er 2024. The trustees have athpied the proyisiolls of Accounting Rq)Drting by chalies. Ststement of Recommendsj Prnctice applicable to ¢tl(l¢S preparing their accourLts ill accordance with the Financiat Reporting Stsndard applicable in the UK and Republic of Irelalld IFRS 102) (effective l Juary 2019). OBJECTIVES AND AcrivrriES Objecdves ADd alms The princIpl objectives of the Free Churchof Scollgnd 8ndthiseoDgre8alion arethepublic worship ofGod. the spreading of the Go91 of Jesus Chrt the exereise ofpastoral re And the pmvision of prletieal compa10 foT those in need, SlgnificAnt Artlvitlei The princ1L activities of the con8regationarethe coThluci ofpllblic wotsbxpottthe Lord'sDay.midweekpT&yer meaing, Sabbath Scknol. Districi outrch and Youth Fellowship. ACHIEVEMENTS AND PERFORMANCE CbarltAble etlvltles 2024 was a poriod of Consolid1 attd enc(Xlltt8Lt for thc coD8rtBAtion. We h&vc been ple&%d to 8c¢ ncw pcople ¢ome along to church attd we have eontitiued to work Warth 8trengtheDin8 C<)niiectiODS with the community. The con8re8ation has beett eld11Y payiti8 off the £50.OW lokn born)wcd for the renov8tion work undertakcn in 2022. I'hese payments contmue to be ahead of schedule and there i4 a strong level of support from ttxe congrc8ation to pay off Ihis debt. It is expected that the 104n will be fully repaid in 2025. Th¢ ¢on8reRauon continues to en848¢ iti weekly seNi(4 youth worl Sra1 care, IluJdraisin8. attd involvement in V(Jfiu14S LuTnnJuniry lIvities. 'mploymettt &8 a Mitiister iti Trathin8 ¢tte ¢nd in A881 2024 as b¢ r¢i¢he4 th¢ elld of his training Pru1[nE. His involvemettt itt the con8rcgation w8 tt very positiv¢ 18P¢¢t of wn8watiorwl life. Wc have Also deeply valued partsichtP ¢oq)uation with Carloway Chllr¢h of Seotland. Overall. 2024 has been * p)iitive and encoura8in8 year. FIANc[AL REVIEW Revlew of the year The rk'sults for the ycar and thc closing ba1C(S are stated on paBes 5 and 6. FUTLRE PLANS Thc compl¢tion of r0vation works has allowed the congTe8ation to devote rncrt time and ¢ner8y to reaching out into the ¢oinmunity. W¢ also hope to streDBthen our provisioD of pastoral care and deepen our involvem¢nl itt the life of thc ¢ommutiity. As p8rt of thi& we l*)p¢ to engag¢ in Jnore fimdraisiog for cbArithble causes conn¢cied to the congregation. It is hoped that in 2025 w¢ will #Bain etnploy * Minister iti Trnining sffving in the Lx)ttgrtg4tioD. We al aim fiilly pay off the lo#n for refvrbishmtht wotk. Page I
Report ofthe Thte¢S f•r the Ethded 31 D¢¢ember 21n4 STRUCTURE, GOVERNATrCE AND MANAGEM Govertting document CarlowayFre¢ Ckurch is a congregation ofth¢ Fttt Churthof swt]andwO1nB towardsth¢ cominon aims set out below. It is a Presbyterian thurch adheriug its worship and docti1t to th¢ posiuon of th¢ Chu of Scotland ar the R¢fonnation. Th¢ Fre¢ Church of Scotland h&s an explanatory doallDellt which gives the historical b8ckgrowid to th¢ doomination comillg into b¢ing in 1843 and IisL8 d(wm¢nts in which is ernb1)dd the constitytion of the Cbur¢b. The dUent 15 Available on requNt frorn the F¢ Church of sland 15 Nortb Bank St., Th¢ Mound. Ed]llbu, EHI 2LS. The Free Church of Scorjand currentty has over l(M) congreBarioos in ScotlaDd, as well Is ODC in London and fow i NoTth America, and 5i5ter Churches foWld by mission WO in Indi4 Peru and South Africa. The Church also ha5 Theological SemiDary in Edinburgh for the tsainiDg of milli5ta5 and Chri51iwn workers and 5ustsiDS exte1]Ve missionary programrne Telative to the Size of the church. The principal a1Vity of the Thurcb is the Con£1 of public worship and associaied matters in the comexi of IIKal congregations. Datin8 from 1843 but with its rorty in thc R¢fofrnatioD, th¢ FT¢¢ Church of StIld owcs its distinctive title to its hi3tori¢EI ytrngBl¢ to remain'free, frorn st&ts intcrfucncc in its intcrnal affAirs. It ba5 ¢Iosc Bnd adivc rclati01 with many other Refornied chu£$ of Jesus CbnBt throughout tb¢ world and stands fwmly in th¢ trlt10Th Méoich occepts the Bible in its entirety as the Word of God and Ilerives it5 forn)s of t¢acbiDg, Wolp, miDisty and government from it. The main emphIS of OUT v/orship is the p&¢hIng of the gospel - the good news of x fwe¢ 80vereign salvAtton thYou8b Jesus Cl)TiSt alone. Thc Con¢tiOn is authorisedby the C1n¢ ts hive a mimi51¢T paid frnm the centrni funds of the Church. Thc propeny of the Congre110 15 held under the churth'3 model trust de< Thc govcmment of th¢ Free u[Ch of Scot14nd is and th¢ congregation 18 within the Prcthytery of Lewis. Thc 8oYcmin8 body of th¢ ¢onw8ation is th¢ Kwk Scssion. Th¢ 8dministr4tion of th¢ fin9c¢S and pwop¢rty of th¢ ¢ongr¢8otion is the T¢Sponsibility of th¢ Ducon's Cowt which 18 cl¢¢t¢d by the m¢mb¢rs of th¢ wngr¢B8tion. undu th¢ 8iwision of the Kirk S¢5SiO Th¢ wngTe8Llion Tnakes gr1$ from ils gift income io iThJividua15 UKI rglSatIOnS WI¢ aims jre compatible with the con8r¢gation's objeaiY¢s. REFEREIYCE AI%D ADMLYISTRATIVE DETAll R¢%1st¢rl Chlrlty SC012925 Millis*r {resigned August 2024) Pd8e 2
CARLOWAY FREE CItURCH OF SCOTLAND Report ofthe Truste ror the Year Ended 31 Detember 2024 REFERENCE ADMllYtSTrATIVE DETAIIS Independent EAami4er Mmn Judd Gordon Ltd Charted A¢ulltts 26 L15 Street Stornoway Isle of Lewis HSI 2JF sur•r ST ATEMETr4T OF TRUSTEES, RESPONSIBILITIES The trusiees are responsible for prcparing thc Report of th¢ TnL5te¢s aThd the fin11 5tatCm¢ZLls in accordanc¢ with applicablE law and Uniied Kingdom Ac¢ouDt7ng Sta[d5 Iunitcd Kwdom Gener Accepted Aonting PraGtic¢}. Thc Ir¢W applibI¢ to ¢hariti¢s m Scodand, thc ChEriti¢s and Trustcc Invrntsncnt (Scotland) Act 2005, Clwiti¢s Acwunt (Scotlundl R¢8ulotions 2006 {as amended) and the Fro$10n$ of the charity's ¢onstiLutioffj requires the Iru8t¢u io prepA rinancial stsiements for each finatt¢i81 y¢¥r which give a tnJ¢ and fair vicw of the state of affairs of the chuity and of the in¢oming resourccs and applica¢iot) of Tesourtts. includin8 thc incorn¢ and exilUre. of the charity for that period. In preparing those fmancial slatem¢nts, the trumeeg kre required to yeleci suitsble accounting policies And then ipply them ¢on8iStetttty. ob5awe the methods and winciplcs in the Chan'ty SORTr,. make judgements and esiimatcs that arc rc&8onabl¢ and pn)dL prepare ihe finanLial ststemcnls on thc going CL)llcuD basis unl¢ss it ij iuappropri•ie to pr¢sume thal the charity will continu¢ in busin¢33. Thc trustees are reynsible for keIng wp¢r a¢¢ouDliAg T¢¢uds whi¢h du¢loJ¢ with r¢4wnable A¢¢Uta¢y At aty titA¢ th¢ fjnancial posirion of the ch4rity to enabl¢ them to tssur¢ that th¢ fllwieial stat¢mcnts comply with th¢ (lJAritl¢8 and Trustee Investment (S¢otl8ndl Act 2005, th¢ Clwiti¢S A¢¢ounts (S¢oilandl R¢gulation5 204 (as Amended) aDd the provisions of the ch8rity's coA8titu¢ion. They are also re8W1b1t for safe8u*rding the assets of the charity and h¢¢ for tskiA8 re4gOrtable steps for the pr¢v¢nts"on dete¢ts"on of fraud and othtx irregulwits"es. Apprt>Tred h}. Drdcr of th¢ Ixwrd of on 25 Augusi 2025 and signed on its bel1[ by.. Pa8e 4
Indepde Exmltter'$ Report to the Thu¢eu of Cxrt•w#y Free Cbureb •f Seotland I report on the accowits forthe year ended 31 Decembtt 2024 set out on pa8es fe to Iwelv¢. Respertlve reBponsibili¢ie8 of ¢ruJtee¥ nd exAmlD¢r The C]witS trustees are reswnsible foT the pryration of the &CCOUnLS itt accord8nce the terms ol.the ChltIeS and Ttus¢ Inv¢5tn¢nt (Scotland) Act 2005 and the Charities Aceoullts IS0)ti8lld) RegUllonS 2006 las amended). The harily's ttust¢¢s ¢onsAder the audit requir¢m¢Dt of R¢gul&tion loll)(a) to (c) of the Accounts Regulauons does not 4pply. It is my responsilyility to ¢xamin¢ the acc{Mts &$ r4uira Under Section 44(IXc) of the Act and to state whether pwts"cular mati¢rs bave come io my attcotiOD. Bsls of the kndqKndtTrt eKAminer's report My examination w&% caniedout in a¢¢ordan¢ewith li¢gulatiOll I l ofth¢ Charities Ace(>wits (Scodgnd) RegulAts'ons 2006. An ¢KunJuation in¢ludes a review of thc coUntIng rds k¢pt by the charity and a comparison of the cOUnts pr¢$enied wrth those records. It •150 includes eonsidetation of any UnSU11 items or disclosures In the accounts. and $¢ek8 explanatKJns from you as te¢S concernjng sny slleb mxtters.'Lbe procedures undatsken do not provide all the ewdence tbat would requrol in an authL aThl ciffls¢qucndy I do llot ¢XEYew an Audii opinioo on the view Biv¢n by the a¢VntS. Independent ex2mlner'i tement In wnn¢ction with my cxamination. no matt¢r bas COD to my att¢atiOll.' (11 which givu m¢ T¢&wble eth¢ to bcli¢ve th•k ID any rpe¢L th¢ requir¢ments to ke¢p COUntIng records in 8ccordAnc¢ with Section 44IIMa) of th¢ 2(M)5 A¢t 8nd Res8tiOn 4 of the 2006 A¢counts ReBulations' and to prepare accounts which aLxord with the a¢¢(wntitig recfjrd8 WMI to eomply with Regulation ¥ of the 2006 A¢¢ounts Re8ulations hav¢ not b¢¢n met. or (21 which, in my opinion, alleDIioD sIM)uld be drdwD io Qtdu to rnabk a pvp¢Y understsnditi8 of the accounts to bc ie ns e ci ered A¢¢iMthtartts in England and w¢& Manll Judd Gordon L Charted AcCountlS 26 Lewi5 Stre¢t Stornoway Isle of Lewi$ HSI 2JF DAte-. 25 August 2025 8e4
CARLOWAY FREE CHURCH OF SCOTLAND RECEIPTS AIID PAYMF.liTS ACCOUNr for the Ye•r Fded 31 D¢¢ember 2•24 31.12.24 Totsl 31.12.23 Totsl funds RECEIPTS OffeTinB5 and Donations Gift &id Grdnts 53,736 12,459 37,413 8,899 91.149 21,358 78.748 6,314 68.028 46J12 114.340 98,812 Other trdin% aetii?tle4 Books l MagaT.ines i CDS 323 IDvestmeAt locome Dcposil accouni fftterest 198 198 63 Charltable actlvltlei Monihly record in¢om¢ 305 TotAI Ineomln8 reiourees 68.(128 46,510 114,538 99,503 PAYMENTS C.harltahle actlvltles Remii(Ance to Central Offices Millistes Expenses Pulpii Supply CommuniLTrn Expenses Presb>tery Dues Sunday School expells¢s Youth Fellowship cxpeDS¢Y Outreach expense5 Minister in Training wsl8 urch repaiIs and upgrades M&n8e repairs ChuTch hcat & light Mansc bLt & light InsuTancc ChuTch. other runni &1$ T¢l¢pFn¢ & Int¢mrf Suniby Council TaA Accountancy Loan repairynents Grants and dotionS pd out 38.244 2.99D 1,730 38,244 2.990 1,730 16 527 1,044 1,374 5,889 7,536 9,822 68 7,432 3.263 4.022 1,093 38,050 782 332 1,714 1,074 820 527 325 719 1,184 5,889 7.536 1.162 8,157 46,387 ti8 7,432 3,263 4.022 5,054 892 3,810 25 1,029 937 2,299 732 ,622 2,251 I,(W)3 48 $40 634 72 1,887 612 1.887 732 21.622 2,075 732 21,622 775 1,3(K> Total t¢sourccs cxpertded 62,754 Net (expenditure)lintome 5.274 3,828 25 632) The noks forni part of these fiDan¢ial #atements Page S
CARLOWAY FREE CHURCH OF SCOTLAI¥D STATEMENT OF BALANCES 31 Deeember 2124 31.12_24 Total funds 31.12.23 Tothi fiJDts BANK & CASH Opening 5¢r¥¢9 Nct (expcnditurc) l income Inlcr-fund transfcrs 6.552 5274 3.508 20270 (3,828) 3508 26,822 52,454 (25,632) TOTAL BANK & CASH 28 26,822 OTHER ASSETS AND LIABiiJfiES Gift Aid debtor Loan due to Frtt Church of St4)tland fIrnCIal statements were approved by the Bowd of Tntr¢s and authori8ed for issue on 25 Au8USt 2025 and w¢re Th¢ notN part of these fllwicial sta*Mts Page 6
CARIA)WAY FREE CHURCH OF SCOTLAND Notes t• the Fln¥•cA Stst¢m¢nts f•r the Yer 31 December 21ll4 Accouf4TING foLICIES Bi•iJ of prep•ring the fin4Ad41 rtat¢Jneats The financial ststh¢nts have been ptepated on a ReceipLS aod Pallts basis. under tb¢ hiswrical ¢ost onv¢ntiw, and in accordanc¢ with th¢ Finan¢ial R¢poning StandaTd for Sm•ll¢r Enlities {effe¢tive April 20081, thc arIticS andTnLStc¢ Lllv¢stm¢Dt (Scotjand) AL2Th)5 and th¢ rcquir¢mcnts of th¢ Stst¢m¢nt ofRecom]nended PrJrti¢e, Accounting ond R¢Fh)rtinB by Cbaritics. Thc pr¢5¢ntation currency of the accounts 18 Pound strrlin8 (£ Th¢ Rccounts gre rounded to the neATest £1. Taxation The chariry is exerrot from th on its clwithble activitics. Fund aCCfJuntlThg Unr¢strlcd funds can used in accordance with the charithble objectives the di*Yetion of thr trusiffs. R¢8trict¢d funds Can only bc forparticu]w r¢stsidd punxw withiti the objects of the Chlty. Rcstri¢tion5 arise wh¢n 5pecifi¢d by the donor (r when fimds ar¢ rnised for particular restrictrd purposes. DOI'ATIONS AND LEGACIES 31.12.24 31.12.23 Offerin81 and Donations Gift aid Granis 91.149 21.358 711.748 6.314 13.750 114340 98,812 Grants rvLeiv, inched in the aknv< are follo. 31.12.24 31.12.23 Frc¢ Church of Scotland Th¢ F¢rgusoD D¢qu¢st Fw Th¢ Baird Tn¢ 1,833 3.500 5,250 GRANTS PAYABLE 31.12.24 31.12.23 IntLY-D¢nrfflinational ObJts Th¢ totsl Brants paid to i115tituliow4 durin8 the yur as follow¥'. 31.12.24 31.12.23 Stcadfost Global Betheth Hospice Operntion Mobilisation Hope Church Lei Safe Familie5 Free Cbutch Youtb CatllP5 Benevolent sjpport io indiv1thl3 1,323 828 l(MJ 250 250 800 775 2.075 Page 7 continu¢(L..
CARLOWAY FREE CHURCH OF SCIYTL4ND Notes to the Financial S¢teme•ts- c•ntittued for the Yw Ended 31 Dettmber ZO24 TRUSTEES, REMUNEIL4TION AND BENEFTtS As noted in the ReF of Tnlltw iti Au8USt 2024, ploymetht as A Minist¢r in Trairying in the congregation &s part of bis trallung for Ftee U[ch Lae LO an end. Costy r¢lating to thi5 W¢ £7.536 {2023 . £8.157). with a related 8rant r¢c¢ivoa fmm the Free Churth tsf Scotland of £1.833 (2023- £3,500). Trusttts, exp•llM8 There were no tyjstoes, expenses pd for the yeu ertd 31 Decemb¢r2024 w for the year ellded 31 Decetnber 2023. IJnu8 2022 the cAlty received & loan of £50,OOQ frorn Th¢ Frtt Chur¢b Of Scotland in relation the ThuTch Building Renovation proJecL lThe muimum repayment paiod ig seven yeArs aDd intwcst is charged at 2Y• above the Bank of Ellglalld Base Rate. MOVEMENf IN FUThS Nct mOV¢JD¢Dt itt funds TransfcT5 bctwc fid3 At 31.12.24 At 1.1.24 Unrmtrleied fun General fijnd 6.552 5274 (3,508) 8.318 Reitrleted fuodi abric fund Charity collectiiyns (PM) Special PTOjCCts fund Youth Work (6.169) 1.724 1,858 1,5(X) 931 ,799 16,453 767 75 14.595 TOTAL FUNDS Nct rnov¢m¢nt in ittduded in the •bove •re as follow5.. Re50UTce5 r¢sources cxp¢nded Movement in funds Ullrestrlrted fun General fund 68,028 (62,7541 5,274 Reitrlrfed funds Fabric fvnd Charity collections (PM) Special PToj¢cts fimd Youth Work 15,814 2,499 27.463 734 (21,983) (775) (25,605) (6,1691 1,724 1,858 46 TOTAL FULYDS 114538 LOAN FROM FREE CHURCH OF SCOTLAND Durirt8 2022 th¢ ctJ3rity receiv ¥ loan of £50.(K)O The Church or sclad in relation th¢ Chu Buildin8 R¢novatioEL project. The maximwm r¢payment Period is s¢v¢n yews and Inre is ¢barged ttt 2/0 ab(w¢ the Bank of EaglanJ Base R4t¢. PaB¢ 8