REGISTEREO CHARITY NuIR.. SC0381 Roport ofth• TnAt•e• and lth•udltsd Fln•n¢l•l Sl•t•m•nt• forth• Ymr End•d 31 D•¢•mber2tr24 for Porlm and Br•¢ad¥l• FM• Church of Scotland car11 Stewart MaeLnan & Co Chartered kcounlants Unrt 3, Broom Place Portree Highland $19HL
Portree and Bratadale Free ChUh olscoeland Cont•nts olth• Flnancthl Statom•nts forih• Y•ar End•d 31 De¢wib•r 2024 f•r•nc• and Admlnl•traUv• Datsl R•portof th• Tru•t••J 2 to 4 Ind•p•nd•nt Exaffllnoli ort 81at•mMtof Fln•n¢bAI AGllvltl•• B•l•nM Sh•rt Notm to th• FSD•ncl•l 8t&tsm•rt4 8 to 15 O•lall•d St•t•m•nt Df Fln•nclil A¢llvW•• 16 to 17
Porlreo 8T Brn¢¥la Free ChUh of Scollond Rèf•r•nco and AdmlnEgtrativg Oètsil# forthe Year End•d 31 Do¢wnbor 2024 REGISTERED CHAWTY NUMBER SCD38180 INDEPENDEKf EXAMINER C4mpbell St•wart MacL•)n8n & Co Chartered Accountants Unrt 3, 8roJrn Plac• Port Fughland $19HL 8ANKER8 V)rqin Money 58 Hgh Street Fcrt William Hlghlands PH33 &4H 8oucrroR8 Baffow & mlon 666 Fred8rk Street Edinburgh EH2 1LS Page 1
Portrqe aT Braeadale FreB ¢huv¢h of Stoland R8port ofth¢ Tnt8 ft>rtho Year End•J 3108cemb•r 2024 biJsteÈa present their report with thè finandal statements of Iha tharity for the year eTrJed 31 December 2024. The tru8B have 4d¥pW Ihe provisio of Ae¢ountng and RepoOn9 by Charitie8.' St8tement ol Re(DmmendwJ Practice apFlicable to preparing thèlr aAUnts in accordan Iwth the FinancLg1 Reporbrtg swdard applicabk in Ihe UK and RepLI)lic of Ireland IFRS 1021 l•ffectl¥e 1 January 20191. 08JECTWES AND ACTIVITIES Akns and Afflllaiion The Free Church of S¢ol•nd oJrrently has ov¢r 1OJ &)ngwations in Scx)tland 08 w811 as on• in London. and sist•r ChurchoB founded by miss40n Ik In India. pa and Swlh Afrira The Chureh also ha? a full-time (lIe in th? heart of Fd1ntrgh for the lTrlning of MirMster8 and other Ghri8ts"an woth8 and 8UBtabn8 an oxlenwva th'88K)nary programme re"ve to the ske af Ihe Eureh. Dats'ry from 1843 tt Mth 11$ roots in Ihe RefDm)ation, it its disn¢te tille lo ils historrAI stru9gLg to remain Yroe, Imm st int¢rfvrène4 In th inlemal affairs. It ha$ cbse and adive rdatlons with many other Refomied churd)es of Jesus Q)n$l throughout the worfd aTrY and$ firnly in the trlltbn which acxepts the Blble in its entirety as the Word of God and, ther. derNes rt6 fonn8 of tsa¢hing, wothip, minlsty and govemnpnt it. The main enphgws of our worship is the preaching tsl thè go$pel- the gld news of a free an¢J soV?19n salvation through J•su$ Chhst abne. Portree & 8racadale Freg Churth ol Stland 18 A congr8gatKn of tha nats"oMI Fr•• Churth gf ScDl8nd w)rfang lovArd8 the o)mmon Aims Bot out abov8. It was lorrrwJ by the unlon of Ihe Fre8 Churcm parlshes of Portree and BrJc•Ja (by Act of The General Assembly of 20161. It is 8 P$byt¢an church adhering in ts worship and ts tho posit of the Church of Scot18nd at Ihe R•fomiats'on Tha Fme Church of Scxjtland ha8 an expLqnalOry doojment whith oxpLqins Ihe oNglnB ol thè Church and whlch givts the historical backgrcund to the Church corning irto bw'ng In 1843 arnd Ikitg documgnt3 in which IB emtsodi•d the ¢#trtu.0n olthe Chureh. The CuregaI10n is authori8ed by th• ChuTGh to have a miniryts)r and a88ig¢ant minL%ttsr paid from th• ewtrydl funds or tho Churd). Th• Churth bu11N9 and th8 $8nior Mini5terf# manse are trfj prtsrty of the congregation and are IKryb undèr the Church's model ttust deed. The govemrnent of the Free ChUh of Scoland 18 Preibytsilan, and lh• ¢JJngregats"on 1$ wrthin tha Pre8bry ol Sky• & W8Bt•rn R. ACHIEVEMENT AND PERFOFIMANce Charftsbl• JcUvltl• Duriro th8 yeor, th• ehurtsl met regularty for worship C4m•J out V8rtOU8 a¥8? in pursu ol the th¥• ¥iai•d aims. The eongr•gthon continued 118 Lyirmrtment 10 8UPPOrt tha Nabonal Church ol s114d bobl 8pirilually and flnanL?ally. ShJnific8rt hlghlhJhts, eveTrtJ and d•vgk)pmenlg ol note in Ihe y•ar 1fidde the fdlowing.'- In rèlalksn to ccngreg81ional athtti85.' 'Soup & Pr1n9' Saturday luhs, 'Famlly Fun Day. on Eaater ancl Christrnas Saturd8ys, 'Craft & ChBf rorbiightw rneelinos. ChSldren's Hollday Club during swnrner hdiday tine, ChikJn'S P8rty at Chri8tma8 New Buildiw. This hès bocorne a very u6eful faality lor rogwlar uso by comrnunty groups as the year progfftssed e.g. Azheimor4CoiiaJ, Canc8r Support Gwup. the Housing AB¥Qtion. A modest rent iochargod, but th? Main source of 5alisl8¢ton 18 the fU11rt ef our gim that the prtmises would te usefijl to th8 pmmunlty, In r•lats"on to congr8gafjpn81 K¢ndir4J, SL4PPOrt in 2024 wa8 glven to.. Skye Camanachd Association. forthg'Donrue Marknn, spectatc¢stand. LcKhaL8h & Skye Mental Health A$8oaab'on (Am Faw8Klhl R8d Skye Skye & Lod)alsh F¢xrfJbark Lucky 2 8e Here Carbogt Primary Sthool fvnds International Mi35ion lo Jewn5h Peup Urban Saints Inats"on81 Christian yOLrth wothl Thlrtyon2-evJhl. forrnedy Churthe8' Child Protects'on Pvi80ry Service 'The Meal,. wa MissKJn Int6mainnal, providing focé at Christmas-time in Third Womd communities FINANCIAL REVIEW Prin¢ipal fundlng source8 Th8 cnngregation re5 rts fvndiro by way ofweekly offering5 and GrftAid donab'ons.
Portr88 and BN¢adale Fre8 Churth ofscoland Report ofthe TnBt8eJ for the Year End•d 31D8cemr 21r24 FINANCIAL REVIEW Regervej polley It K% the policy of the wryregation to m8intsin unrtstrcted fvnd8, i.è. fvnds noi wnmitted or insted in fixad assets, at & kvel whith equ8t•s to awroxim8t81y threè rnonth5 UnBtr1tt 8xpeThJtture. Th6$ allows $Lent fur¥Js to enabk the orYJong work of th8 thurch to be maintained. Free Re%rv¢¥ •t 31 DeTrtr 2tL4 amountgj to É51,757 12023 £171.4951 and was COdered adequat•. Total rese, indudin9 the net a¥8ets ol o$8•ts and b8l&nce$ on r8Btrkd fvndB arnount to £1,974,815 12023 . £1,940,5221. Fund• In d•ficlt At th8 yèar •nd, the charity's had restrided net currenl liabllths of £114,807. This deftit Is consthred to tèmporary Vrfith ft5rther fundraiwng a¢wl'es planned io reverse Ihe po8rtk)n. STRUCTURE. GOVERNANCE AND NAGENT Govemlng document Portree & BraC&dA Frne Church of Scotland congwalk)n 16 •8lthi¥tred by Constrtutiw. The eMgreg8tiori Scottish Charity IScottY8h Charity Number SC038180 8rd is part ol the F Churth dencYnln8tkn Ireglstered thrily nurnber SC0129251. Tmst•e• and B•irnr4 The churth is Presbyterian in 9wmmant and its day to day NnniryJ ig undertaken by the Eldar8 It Se$8KJnl and the Oeawn8 Ilhe Dean6' courtl. The Cao)ns' Courys 8p•Gxfic nlOn ralgt•8 to the matertal and flnancial buslM88 ol the congr•gatson. where88 Elders are charged with lh8 gen8ral and $pirilual oversghl ol the congf8g8tions. It 18 accepted pr8Ctice lor Ministsr arwj Ekl8r8 to be in rrombership of tho Dwon#' Court. Undèr charity law the mèrtern of the 088cons' Court &rè dèèmed to be the Charfty Tnjstees cf the Congregallon, Thi$ is k1nd from the rob olcongwa¢ionJl tru51e88 respon#Jkn only for hSdino property in trust. T he Deacon5' CDUII Ilhe Chanly Trusieesl who Seed dunng Ihe yedr 2024 werl. a5 follows. Appglntm•nt of Charlty Trut•• The Kirk se85K)n ex8rEises ts discretign in dettsrmlnlng most appr¢prbt• method of de(airy Tru8tee• and De8consl Any ebctiw proc85$ mLtst invofve the commLnicant m8mtrArnhip DI the wrprÉoatlon. Tmre 1$ no ffixed lerrn for Trusteeship. Prlor lo thar appointment, new Trustees WOU have sotveA the church for Som time in various roles and WOU be farliar vh ¢hur¢h's values. rt& 81ms and ol8clw8B as 11 98 N8 doy-to4ay OF4rations. part of their indjthon pr0grdft8, new TN8tÈèi are required to uThlerstsnd Ihdr 8latutory responSOI11eS 45 Y1 as thelr respondbilrty as eer orde80)n. Rhk man•g•ment The Trusttts asseyy the major rink5 to which the congregation 18 8V8•d on an or4Joing ba$18 hav? ablh6d procedwes to rnitate thosg that ar• Kl•ntrfd 08 a rèsult of Iheso reW5. Orant moklng poliGy The congogalion makes grants frorn rts gift irttsjma to indivxluab and organisalions whose oims a cornpatiblo the congrEgalion's objettive8. TRUSTEES. RESPONSI8ILtrY STATEMENT The trustees are rpspDnsible for preparing the Report of Trustees and the finandal statements in aLE0rdan wrth applKable law and Unitsd "ngdoM Ac(xuniirg Stsndard8 IUnit•d ngdoM Generally Apted Accounting Prac). Page 3
Portte aThJ Br¥¢ad0 Frt• Chureh of Scolland Rèport ofll Tnt4•1 forth8 Y6ar Endod 31 Dec8mb8r 2024 TRUSTEES. RESPONSIBIUTY STATEMENT. contlnued The law applicable to charitses in Scotland, tho Cbarilies and Investmènt Iso)ttarl Act 2CIJ5, Charib'es Aoxunts (Scollandl Regulab'ow 2Cth lag amend) and th• PTovision5 of the ¢hHTitys con3thution, rBquires Irust88S to prepa finan¢ial s18ternents for each fingnThal year which gNe a twe and far of tho atatè of afvirs of th? thartty and ol the incoming r88oUr£ and application ol r8sourc4s, including tho Incorre and èXFéftditur•. of chanty forthal peritsj. In prq)anng those financkryl 5tements, tre trus1985 are rtr]ulred to sdect 6Urtabl8 aeLt)unting and then apF4y them conssnty,' observe the rnethtrJs and prinCipS in the Charity SORP,. make judgwnentg and 8gl'mate8 that are ronable and Prjen1,. Prepa tha finanaal staterrenls on the gtsing conrn basi5 unlo18 11 1$ Inappropriats io prwrne that the wll C(tinUe In bu&n685. The 1rust9 are responsible lor keeping proper acrunting records whlc dd£4* reascnable at any rne the finanaal posllion of the tharity and to enai4e th to ensure that the financ4al $tAlemènts comply th• Charib¢¥ and TNitoe lnve8trnt IScy)tlandl Ad 2005, thè Ch8)ilies ArLounlg Iscotlandl Regulattins 2006 las rn8ndadl and the provthns of th• tharttys consltub'on. Thoy are aL80 reSponsie for safeguarding th¢ ol •dty ard hence forts. rea&c•b gteFa forlhé prevanb.on and d•tectbJn tsffraud and oth¢riwuknts•. Approved by orckr olthe board ol Iruslees on...ta.(...obi.ao2S.. and 8igned on ts hall by.. Paoe 4
Indèp•nd¢rt Exami• R•portto th& Tr5 of Portr88 and Brdcad•le Fre8 Church of Scotland I report M the acuJunt8 forthe ygar 8ThJ8d 31 tMber 2024 set out on p•3es slx to fifteen. RO•po¢ti mponsbilitws oftru•t•è• and •xamknar TIE ctsrlty's tNstees are re¥)onsible lor the prepw8ticfi of the accoun18 in aCLordwc¢ 1th the tenn9 of Ihe Charfjtbs and Tru8tee Investrnent Iscottgndl A¢ 2005 and Iho chari88 Acxx)unts Iscolandl Re9ulations 20( las amended). thawity's trustees cx)n8idar that the audit reqU1ment ol Regublion 1011 Ila) to Icl of th¢ Acc(¥Jnls Regulatn5 doe• not awly. It 15 my responsbilily lo ¢xamine tre accounts ag required under Sedion 441llcl of the Act and to 6tate vkn?thèr partiuJlar mattgfB have eDmg to my attention. Ba818 of th¢ ind•pend•nt •x•minorfs report My exgmination Wds earriad QLrt in aOrda& wlh RegatiOn 11 of the Chanb"a$ Iscolandl Regulation3 ?OC6. An examination indudes a rtwi¢w of the accwntyrvJ records kept by the trArity and 8 Mpar$on of thè oUnt$ presentèd with Ihose Fecords. also Incluses consideration ol any unusu81 iiems or d15closures in the acGounl8. Éeeking tlanatIOnS frorn you as IIu51ee8 4¥)nrnIng any su¢h m$lt¢rs. The prD¢e<IuS undertaken do not provid¥ all the evidenc4 be required in aJ11. and cons•qu8rfy I do not ¢xprÈsi an audit OTY on the view giv•n by the acLY)unts. Ind•p•nd•nt•xamlrn¢• $l•t•ment In o)nrwon my exarnnation, no mittar comè to my attention '. 111 thich glves me rea3onJtsb cw8e to belw trat, In any mat•rial rèsyLX, the wuirnrn•rt8 to keep 8¢¢ounling 0[5 h accprtlJn¢ th 4411 Ila) of the 21NJS Act and Regulatlm 4 01 the 2006 Awounts Regulation8. and tc prèpare account& acurd the aoxunlw Cold 8nd to c(ryly with RegulatK)n 8 of 20C6 ounls ReGuLqlion¥ av• not been mi or 121 to %sthica, rny opnkn. attanOn shoula be ¢jr8 kn order lo enable J proper urthr•tandlng ol the a(rountb to t¢ rgathed. Campbell Stew3rt mLenn3n & Co Ch8rtered Accounlar Unrt 3, Broom Plate Portre8 HvJhl&nd IVSI 9HL Page 5
Portrne and Bra<adaki FTrB chh of Sto1nd statèment ol Flnanclal Activitkn8 for thè Yr Ended 31 Drnber 2024 31112124 Total fund8 31112r23 Totsl Jnd8 uns"( fuThJ5 Rèsthcte(J fund¥ Nots INCtYAE AND END(AYMS FROM Don8tiorts and legac 134.054 80,177 224.231 347,374 Charttablo actl71ti0S Prodamation aThJ fLrth8fan of the ChristHn larth In Scotland and beyond. 49J 98,680 othertr1ng ¥1b•S Invo•bn•nt inci) 13,149 942 13,149 28.7WJ 817 417 Tot•1 134,921 104,288 239.189 473.661 EXPENDMJRE ON Roi$ing funds 1T¥ 173 e56 Charh•blo &ctlbltl•• Proclamation and ILrtheranca the Chrisban larth in S¢od8nd and beyond. Goveman 99,259 3,908 101,6S8 200.815 3,9C 112,593 3,780 Totsl 103.340 101,558 204,896 117.029 NET INCOME Trnn•t•rn b•twMn fvnd• 31,581 11S1,5581 2,712 151,558 34,293 358.832 14 N•t mtsY•m•nt In fuThd• 1119.9751 154.288 3S8.832 RECONCILIATION OP FUND8 Totsl fvndj brought foN4wd 257.072 1,883,450 1,940,522 1.583.890 TOTAL FUNDS CARRieo FORWARD 137,097 1,837,718 1.974,815 1,$40.522 COP4TINUINO OPÉRAMONS All Inrne and eXpendrtU has atson Irom nrtu1ng a¢vitie$ The notes fi)rm part of the88 financial st8iernent5 Page 6
Portree ¥NI 8raeadtt Free Church ol Scolland Balance Slw•t 31 Decemb•r2024 31112124 Total fvnd8 31112r23 Totsl fijnds Unre5triG*d r8 Restrd8d funds FIXED ASSETS Tangible 8x¢ts 85,340 2.474,583 2,SSg,923 2,581.709 CURRENT A83ET8 Debtors Pwayments xrnjed incom¢ Cash 81 nk 8,877 424 46,471 22,878 31,755 424 113,819 37.013 1,597 107,319 67,348 55,772 90,226 145,998 145,929 CREDITORS Amounts fall'ng dV1th1n LTh y•ar 10 14,0151 145,3121 149,3271 189,2411 NET CURRENT ASSET3 51,757 44,914 9S.671 56,688 TOTAL AJSET8 LE88 CURRENT UABILinES 137,097 2.519,497 2,656,594 2,638,397 cREDORs Amounts falling due after mLYe Ihan one y•w 1681,7791 1681.7791 1897.8751 NET A33ETS 137.097 1,837,718 1.974.815 1,840.522 FUNDS Unrostnded funds R•gtrictod fvnd• 14 137,097 1,837,718 257,or2 1.863.4SO TOTAL FUND8 1,974,815 1,940,522 finsneAal •t&tsm•nts r• Apprcw•d by fv Board of TnJ•t5 and authori88d for . and wr& 81gn8d on ttB behalf by.. on The notes tr) part Qfthase finanaal Statents P898 7
Portfeo and Brac•dal Free Chureh of Scotland Nc4les to the Finanevdl Statrments forthe Year Ended 31 Decomber 2024 ACCOUNTING POUCIES 8asl• of pr•parfng the fln•nclil •tst•m•nts The financial Statements ol the ¢harity. whith 18 4 pubtic [rrt anw under FRS 102, hav8 been pr8pxr8d in aCrdar wth th8 Chanlies SORP IFRS 1021 'AtwUnn9 and Reportsng by Charities.. Stalerrent of Recommended Practice appIlb to thanties preparing account8 in accc¥dance ilh the Firnanclal Reporting Standard appIlb in thè UK and Repth)lic of Ireland IFRS 1021 (effective 1 JanLOry 20191.. F¥ianclal Rep¢Nbng Staniyard 102 'The Financi81 Reporting Standard applicablè in th¢ UK Flepublic of Irel8nd' and tho Chari'e¥ and TnJ8tse Invgstrnant (Scolandl Act 2CQ5. Tho financial $latèm•nts have been Prepar underthe hBtoital o)st convents'on Golng ¢onc•rn Thè tnJstees are salisfled that Ihe chanty h33 adequate unTestrict Ye$er%s, of which a high percentage 18 held in cash, to continuo Its obieL"ve& for the foreseeable future, and thfOre believe rt 15 appropriate to adopt the goiry conr bas16 In preparing th8s• finanaal statern¢nts. Th• tnjsteeb havè eonsidered a peri of 8t least 12 months from the dats ol ¥)proval ol ts flngnual slalernent8. In¢om• All InrA)me Is reo)gni8ed in the Ststement of FinanGl81 Aciviti85 the charity ha8 •ntitl¢rnent to the fvndJ, it is probable that the Incune will be received and the amount can measur•d relkgbly Voluntary IrThe 5B tec¥ed ty way of 9r•nts, donallons and glts ind o indud¢d in full In the 8tst•mont ¢1 finanaal activitÈ %then rec8w8b. Oonoted semces [0vided in the wut8e of construction ore ¥alued aTrJ racwI8 OB incom• troatod #k axp•rrtr9 where th•y are part of thè donors usual trade or prof•s$nn. Income from inve8tmwt• 16 indud•J in th• y•ar in vthlth it * me8lvAbl•. Expendltu LblIrtS r•cwitad 88 •XPondlture •$ Soon a$ there 1$ a gaI or o)nstwctivè abligation cclnrnthnq charity to expendlture, It 18 prob8ble that a traler gf econom¢ bengfits will be requlred in ttIrnent 8TrJ the amount ¢f the oWi9ation can be ma88ured relisbty. Expenditur• Yd accounted for an 8wrual$ basi$ oTrd has been dassified under heaLngy Ihat 8ggregat• 811 costs relth to the catewry. Where COBl6 nn0t dir•rtly attrtbuted to partityjlar headingB Ih8y have been allocated to ath'¥$ Dn a bgjis trthSk8tenl vth Ihe U89 cf reBwrrA8. Ing lund• Fundrawng cojts ar8 theth IrJjrred in ¥8ekiro volurtary ContdtrmJon6. Oovernanee co•ts G¢vgmane8 custs indude thoa• c08ts InCrred to alk)w the board of trust••s fulfil ts t>)nstMlonal 4rk1 statutory rt)1l8tions and they ora induded as wFport cost 7thl the charitable #Lbvities. T•n9lbl• flxed a•••ts Tangible rued a55ets are st8ted at w3t attumuloted dopreoation OeprBc5ation 18 provded at tha rate8 calc•Jloted to writB off thè clIe5B r•w(knal valw of eath as881 0r rts expgct¢d u$ÈbJl lrfe. as fol9.. Carbost ChU- Not depreciated as rnte bs deemad lo be Imrnalerial. Ngw Buildiry - 2% stsa¥ht linè, on a monthly basis Equipment- 15Vts reducirrfJ ba1&n, on a rnonth1y ba81•. Taxatlon The carity is exemptfrom tsx on it¥ th4rttablp ats'e6. Fund aeeountlng Uvrestricted fund$ c8n be used in a¢[dance wlth the tharitabk cbpdNe$ at the diseretion of the trvsw. Restrided fvnds can only be u8ed lor part1cAJlar restri¢Èd purposes wllhln the objects of the tharily. Re5triclio arise when ¥eafied by the donor orwhen fund5 are N$ed for partrular restri¢ted purpo8e5. Further explanats)n ofthe nature and purpose of each fund 15 indUdj in the notes lo the fingnciql 8t8ternents. Con¢•8$lonary loan$ Con$s1Onary loans are initially measurO at the atnount Paid and subsequenvy adjusted to reflect r8paym8n accnd interest or any mpaired. Page e
Portm and Brnf•dale Fre8 Chweh of Seolland to th• Financkil Ststernents. continu•d ror th# Y••r Ended 31 De¢omtf 2024 OTHER TrADING ACTivfTES 31112r24 31112123 Fundraising for new buibj JanFiarB lor new buikl 13,013 138 25,946 844 13,149 26,7 INVEsTNT INCOME 31112r24 31112123 Deposit 8cr£MJnl fftlefesl Interest on balance hdd by thè C•ntral Frnè Churc 417 187 630 1,359 817 SUPPQRT COSTS 31112r24 31112r23 AmrthB ld to Ind•F•n48rt ExIner In resF•# ofSndap8nd8nt eXarnlna0n Amcwt? paid to Irthpendent Examin•r in respoGt ofoth8reer¥ico¢ 1,980 1,980 1,890 1,890 3,960 3,780 TRU8TEE8' REMUNEPATKIN AND BENEFrr8 Key min•gemant P•rnonn•l T k•y management wrwM81 ofth• ehanty ma(Je LP OrTru•ta and Eldern ofthe Chur¢h. Tru•t0. •XP•MM Ind r•rnun¢rntlon I free thurth owgr¢98tion# contsibute to J Natk?nal FuThJ whKh bearn the cc¢ts ol al mlnl8teiB' Sllpend8 or employerf# eontrtJution$ for natlonal IrJuranc• and penon$. n#èB tot¥Nlng Q.722 12023 - £2.4761 Vere rmtr9ed lo the rnlnithr. During Ihe yeAr, a gffttotslllry F258 w8s prDvidad to Mr A Trner, trustee. COMPARATTls FOR THE STATEIIENT OF FINANCIAL ACTMTIES Unreetricted fund fttri¢d Total funds INCOME AND ENDOWMENTS FROM t)onations and *ael•8 111, 233,584 347,374 Charit•bl• •cVIll Prodamation and furthgran¢31 ofthè ChrSgtkgn tarth In Scotland and beyond 98.OLM) 98,680 Oihertrading 8cb'vrties Investment inrn 26,7 620 26,7 817 187 Total 112,657 361,W4 473,e61 EXPENDITURE ON Rai51ng funds Pagè 9
Portr89 and Bracadale Fm of SCOand Nots8 to the Financial Ststements-conttnu8d forthe Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANcLACTIVIT1Es- conIJnd Unr¢striLled fund$ Restr¢kd funds TLa1 fiJnd8 Charltable ictlvltles Prodemob'on and further8nc• ofthè Chn8lan larth in Scotland and beyond Guveman 93,420 3,780 19.1n 112,593 3.780 Tolal 97,656 19,173 117,¢f29 NET INCQME TrnIlern baiwM•n fun 14.801 17,1101 341,831 7.110 N•t mov•m•nt In fund8 7.691 348,941 35fj,632 RECONCILLATION OF FUNDS Total brought forw8rd 249,381 1,334,509 1,583,890 TOTAL FUND8 CARRIED FORWARD 257,072 1,683.4SO 1,94Q,522 COLLECMONS POR THIRD PARTie8 ReopKgnl 31112r24 31112123 lrt•mabonal'Th• &g M•al' Gfft 10 Min15ter Otheréonats'onj, not IDtod abm and £1,000 3.435 1,233 950 4,820 4,240 7,931 7,LK13 TANQIBLE FIXEO AS8£TS New Building Cath8t Chur Equlpment COST At 1 January 2024 Additions 2,338.297 40,444 85.OCA) 1>.088 11.580 At31 Drnr 2024 2.378.741 85.OfM) 147.666 DEPRECIATION At l Janu8ry 2024 Charge for y•Ar 3,899 47.575 3,780 21,584 At 31 Drnber2024 51.474 25,364 NeT BOOK VALLE At 31 December2024 2,327,267 85.DCO 122.302 At 31 December 2023 2.334,398 85,OC¥J 132.306 Page 10
Portrn• and Brd¢adal8 Frn8 Church ofScoand Ntst## to thè FlnoncLql Stat¢ments-conllnu•d forth? Ysar Ended 31 December 2024 TANGIBLE FIXEDA88ETS- eontknu•d Fixtur CompLrter equlk¥nent frttings TDtsI¥ COST Al 1 January 2024 AdditM)ns 30,206 529 2,590,118 S2,024 At 31 ccmber 2024 529 2.642,142 DEPRECoN At 1 January 2024 Char9e for year 378 4,474 352 177 73,810 At 31 Dacmt 2024 4,852 529 82,219 NET BOOK VALUE At 31 Ccambw 2024 25,154 2,559,923 At 31 DK¥mb8r 2023 29,828 177 2,581,709 DEBTOR3: AMQUHTS FALLINQ DUE VllTHIN ONE YEAR 31112r24 31112123 (&ft a*J debtor Fund8 hokl by Contral Fr•• Churth 13.463 22.59) 24.492 31,755 37,013 10. CREDITORS: AMOUNT8 FALLING I)UE IMTHIN ONE IEAR 31112124 31112R3 Othw cr•d4torn 49.327 89,241 11. CREDITORS.. AMOUNTS FALLING DUE AFTER MQRE THAN ONE YEAR 31112r24 31112r23 Othercredrtors 687,779 897,875 12. LQANS n anal oltho maturity ofloan8 Is gknn 1.. 31112r24 31112r23 Amwnts falling du8 Wrthin one year on dwnand. Free Church of ScotlaThd Lo8n 1 16.116 15.352 Amounts falling bots¥een one and y•8rs". Free Church an 1 . 1-2 years 18,941 16,116 Amounts fralling due Iwo and five years.. Frèè Church loan 1- 2-5 yèarg Free Church k)an 2 2-5 yea[3 56,2 10,5E6 53,446 1,476 66.798 54,922 Page11
Portree and Brneadale ChuY¢h oIScotland to the Fln¥nciJl Stat•monts. ¢onllAuèd forthe Year Ended 31 Decen4Jer 2024 LOANS. wntinu•d 31112r24 31112123 Arnounts falSNJ dua in rnoro than five yeafs.. RaYble by inatalments.. Free Church loan 1 mor8 sy FrEe Chuith loan 2 more 5 ¥r 408,636 189,404 598,040 428.313 198,524 626.B37 Loan 2 k8 litert forthe first five yaars aTrY 18 ¢x)ns•r•i1 a mnCwsJn8ry kian. 13. LEASING AGReEMENT8 Miftimum paymen18 ufkler D-¢nLlabb wrating fall due a$ ILSIowd'. 31112r24 3111Wd3 Wfthln one year Been one and five years In more tran fjvo years 859 859 816 859 859 1,875 3,393 MOVEMENT IN FUND8 Net rnovem¢nl In lundB Tran$f•rs At 31.12.24 Ati.1.24 lurn18 Unr••bl¢ted lund• G¢n8ral fijnd 257,072 31,581 1151,5561 137,097 R••tdetsd lund• Now Buikling Camp & Aclvlty Days Creche Toys New Buikyirg. Asatsnt Mlnithr& Church irnpro¥ements 1.660.675 789 1,770 151.556 1,814.1 50 21.93e 22,878 1.683,450 2,712 151,556 1,837,718 TOTAL FUNDS 1,940,522 34,293 1.974,615 Nèt movement h fvnd#, induded in tra abova are aj folb)vA'. Incorning Resources expe ovÈmÈnl in funds Unrnstrtct8d fund• General fvnd 134,921 1103.3401 21,581 R••trtctsd fundg New Buiklirq New BUIlF¥j, Assistsnt Mini¥ter & Cathst Church improVennts 103,328 1101,5561 1,770 942 942 104 268 101,5561 2.712 TOTAL FUNDS 239189 1204,8961 34,293 P89e 12
Portrn• •nd Brncadakn Flee ChUh of Scotland NDtes toth• Financlal Statsmènts. eontlnued forthe Y•ar Ended 31 D•eember 2024 hK)VEMENT IN FUNDS. ¢ont•iued Cornparn¥ lormo¥emont In funds Not m¢)v¢ment in funds Transfers At1.1.23 lund$ 31.12.23 unsl6d lund• General fund 249,381 14.K)1 17,11Ql 257.072 Re•lrieted fund• N•w Building Cary) & ActNty Dayvl Creche Toy8 New Buildiw, AssY8lanl MinAt•r & Cart)t Church impro¥8rrwrts AJdlo Vi6ual 1,312,364 789 1.ZJ1 17.110 l.,fj7S 50 21,3C 630 10,OOD 21,936 I10,OCl 1,334,509 341,831 7.110 1,663,450 TOTAL FUNDS 1,583,890 1,940,522 Ccryparalh• n•tmovem?nl in fund3, Induded In the rove #re ai follows". Inrnia Resources •xF4nd•J MonI In fund$ Unrnstrlcted fund• General fijnd 112,857 197,8561 14,801 RMtsl¢tsd fund• New 8uildirrfd New BU11r(. hu'stsnt Mthr& CartQ8t Church imprgvemonts Aud Visual 350.374 119,1731 331,201 630 10,000 e30 10,Lk)O 361,004 119.1731 341,831 TOTAL FUN08 473,681 1117,0291 356,632 A lT•t year 12 month? and prier year 12 rKJnth$ ts)mbirnd po3rti)n iJA8 ftsllowa.. Net rn¢v•mènt In lundB Transfers At 31.12.24 At1.1.23 fur# Unr••tslct•d funilo Gèn8fAI ffiJn(J 249,381 48.382 1158,ee61 137,097 Ro8trl¢l•d fund New 8uildiro gfflp & AGtiwty Day8 Creche Toys New Building, Assistsni Ministsr & CarboB¢ Chur¢h mproV8t5 Audio Vpsual 1,312,364 332.971 168, 1,814,001 50 21.306 1,572 10.Dc4) 22.878 I10,(0 I 1,334,509 344.543 1,656 1,837.718 TOTAL FUNDS 1,583,890 390,925 1,974,815 Page 13
PorfwB• and Bra£ada FY•• Chuw¢h of Scolland Not88 to tho Fiftanelal Slat8rn8Tts. eonllAued forthe Year Ended 31 Dec8rnber 2024 IEMENT IN FUNDS - contknued A cu[t year 12 months prior year 12 rrK)nts combined rKt MOV?rtt in fund8. induded in tho atKve orè Intsjrning Regourc88 exrended Mowmenl in fvnds Unmtrf¢t•d fund• General fijnd 247,578 1201,1981 R••triet•d fvnd• New Buildir¢J New BuildlNJ, A8SMtant Mini¥tsr & Carttht Church improvernents Audio Visual 453.7(M) 1120,7291 332,971 1,572 10,IXO 1.572 10,000 4,272 1120.7291 344,543 TOTAL FUNOS 712,850 1321,9251 39J.925 N•rn• ol fvndlll Dmcrfptson. naturn and pwrpg•• ofth• fund• ¢•rrf•d forw•rd Unrestrld GÉnw81 En¢)Jnpa88es aH Incorn and expondltuw relating the primary ff08 8¢#Mbe8 orthè chafflty, otherlhan thoq• for whlch fuTrJlng18 festlthd. R••tslct•d Now Furrtl Reprea•ntsdonacnl r•oev•d toward• a thurth builjiry. Now Buiiairy, kn•18i#nt Miniater &Carbo•t These fvnd$ re rèalld from Ihe ofth• Struan ManBe and 8ra hèhl lor sts assoc1•# wlth new Churth buiKling. A£sYdtant Mirnoter and lryrovornoftts to the Carb)8t Chureh. C¥mplAGtNrty day ReprnseTht8 $urpluJlunth camed foNMd for frJtur• youth eamps. Creth¢ bys Rèpr•8•nts don•tion• r•igvad toward$ now¢ygchètoya. Trnn•hrn betWo•n funds On the 29 Novèmber 2023 the new buildlng offiGbalty handed over to ¢he thariiy. A transfer ol £151,556 h85 been made from the tharity's general fvnds tD ne bu11n9 rrIctsd fijnd. Thts tfangfer ropr06en18 th9 ntbUb.On frorn Ih¢ tharity unrestricted fvJThls l(Mar( Iho newbuikling prq•ct. CAprrAL COMMITME18 16. 31112T24 31112123 Contsathd not provided for In the finandal #tatèmants 5,101 24,12ri Th18 Capital erffnmltmt rdatès to the construction olthu new Fe Churth. Portree,14e of Skye. Page 14
Portm and Br¥cadal• Fr•a Ghurch of Scotland Not•s to th• Ftftanclal Sl•t¢rnnts. ¢¢tInOd forthp Year Ended 31 D8cwnb•r 2024 RELATED PARf( DISCLOSURES TTrn3oGtion8 tsu8t¢g8 and thé ¢hwity or¢ in not• fN8 oflh8 Page 1S
Portree ory1 Brncadale Free Church olscolland D•tald Ststement of Finanel•l Aelfvill¢ rorth• Y•arEnd•J 31 Decembor 2024 31112124 31112r23 INCOME AND ENDOVIMEprf3 Donatlons and l•gacte• Donat)n5 Giftwd 192.733 31.498 307,782 224.231 347,374 Other badlng 4cllvlll•s Fundraing for new buibj JarTrJars fDr buibj 13,013 136 25.9q8 13,149 2&79) Invo•tmont Incom• D8po8rt xcounl inlgrDst InterèAt on babgnro hekl by C•ntral Fra8 Churrh 417 187 942 1.369 817 Chrttsbl• ac¥111?¥ Grants ma41n•• 98.OCIJ 450 450 98,680 Tolal Incomlng re•our¢ 239,189 473,e61 EXPENDfwRE Ral•lng doniiJon• •nd f•gacl EnveloFe8 175 215 Oth¢rtrndSng acllvlll Fundraising expen8eB 441 Ch•rftoblo aclvnlo• AdVe.ng Bracadale Maw- rnainten¥n Cario¥¢- eledriLily & tsxi C¢mrunnn & 8UPP DJnAtk)ns given to 3r¢a P8rts Gift AKJ out R•nt & insuranc• Mlnlstets hosptah'ty minte¢S experAe8 building exwnses Photocopier & general expen Portroè Mange- council tax Portreè Manse- heat & Ivjhl Portree Man$e- IDsuraTh Portree Manse- rn8intenallce Presbytery levy Remittance to central fvnds Sunday Sthool- 8ibla Clas5 & Uthan Saints caffd forward 320 3,222 82S 1.784 7.2 1.899 6.C67 320 1,427 931 7,003 2,031 13,$07 1,800 876 2,542 2,684 2,628 3,372 590 922 1,353 2.783 2,675 5,497 744 154 2,463 51.912 1,175 93,327 1,440 49.51J) 1.313 92.608 This page d088 not fom part ofthe $tsiu(ory finanaa statements Page 18
Portree and Brneadate Fm Churth oISMll•nd D•taUed Stslement of Flnanelal A¢tr4ib88 forthe Year End•d 31 Docernber 2024 31112r24 3t112123 Charitabl• acllvl Bfougm IOM Magazine8 Croft R8nt New 8uild- PKoadband New 8uild- Electricity Freeho property PlantAnd m8chin8ry FbJre$ and fittings Computsr equynent 93,327 716 11 92,608 511 22 8,837 47.575 21.584 4,474 177 3,899 1,740 378 176 175,502 99,334 Support ¢tI Mamgemort Bonk ChJry• Loan 25,313 13,227 (30m•n¢0 C¢¥ AcuntIft Totsl re60urc48 ended 204,896 117,029 N•t In¢orn• 34,292 This page doe5 not fom part oflhe 8tAtutory finanaal statements Page 17