CHARI REGISTRATION NUMBER: SC038290 Fort William and Kilmonivaig Free Church of Scotland Unaudited Financial Statements 31 December 2024 R A CLEMENT ASSOCIATES CHARTERED ACCOUNTANTS Chartered accountants 5 Argyll Square Oban Argyll PA34 4AZ
Fort William and Kilmonivaig Free Church of Scotland Flnancial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 15
Fort William and Kilmonivaig Free Church of Scotland Trustees, Annual Report Year ended 31 Decèmber 2024 The Iruslees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Refer•nce and admlnlstrative detalls Regtsternd charRy name Fort William and Kilmonivaig Free Church of Scotland SC038290 Charlty r¢gi5tratlon number Prlnclpal offl¢e Thg trustees Company socrgtary Independent •xamlner
Fort William and Kilmonivaig Free Church of Scotland Trustees. Annual Report (conllnued) Year ended 31 December 2024 Stru¢turg1 govemance and manag•ment Aims and Affiliation Fort William Free Church is a congregation of the Free Chur¢h of Scotland. a Presbyterian Church adhering in its worship and doctrine lo the p0511ion of the Church of Scotland at the Reformation. There is an explanatory do¢ument which explains the origin5 of the Church and which gives the historical ba¢kground lo the Church coming into being in 1843 and lists documents in which is embodied its constitution. Structure and governance The govemment of the Free Church of Scotland is Presbyterian, and the Fort William and Kilmonivaig Free Church of S¢olland is a congregation within the bounds of the Presbytery of Inverness and Lochaber & Ross whi¢h is also the radical court of the church slruclure. The administration of the finances and propety of the congregation is the responsibility of the Deacon's Court which is elected by the members of the oongregalion, under the supervision of the Kirk Session. The congregation is authorised by the Church to have a minister paid from the ¢entral funds of the Church. Church Propety The propety of the ¢ongregalion is held in trust by locally elected propety lor ¢ongregalionall Iruslees under the Church's Model Trust Deed. The propety held comprises the Church in Fort William, the building in Gairlochy and the Manse on Union Road. The Manse is insured for £219.147, the Church in Fort William for £440,500. Permission has been given lo sell the Church in Gairlochy. There has been no significant developments in the sale of the sile and Church al Gairlochy. Although there is one interested paty who has retained interest over some considerable time, progress is slow. All policies are index linked. The Church has public liability insurance for £10 million. The are eleven {111 members on the communion roll, with no change from last year. The Free Church of Scotland curn11Y has over 100 congregations in Scotland. as well as in London and five in North America, and sister churches founded by Mission work in India, Peru and South Africa. The Denomination also has a full time degree awarding college in Edinburgh for the training of ministers and other Christian workers and sustains an extensive missionary programme relative lo the size of the Denomination, al home and overseas. Dating from 1843, bul with its roots in the reformation, it owes ils distinctive tille lo ils historical struggle to remain 'Free" from state interference in its spiritual and internal affairs. 11 has close and active relations with many other reformed chur¢hes of Jesus Christ throughout the world and stands firmly in the tradition which accepts the Bible in ils entirety as the Word of God and therefore derives ils form of lea¢hing. worship. ministry and govemment from it. The main emphasi$ of our worship is the preaching of the Gospel - the good news of a free and sovereign salvation through Jesus Christ alone. Trustees and Office Bearers The congregation is governed and administered by elected office bearers lall volunteers) and its minister. The Kirk Session, being the minister and elected elders, has responsibility for spiritual oversight, while the Deacons. Court, composed of Kirk Session members plLlS elected deacons, oversees financial and property matters. Under Charity Law, the Deacons. Court are deemed lo be trustees of the congregation as those with responsibility for day lo day management and control. This is distinct from the role of property Icongregalionall Iruslees who are responsible only for holding of propety in trust.
Fort William and Kilmonivaig Free Church of Scotland Trustees, Annual Report fcondnu Year ended 31 December 2024 Appointment of Charity Trustees The Kirk Session exercises ils discretion in delemiining the most appropriate method of electing new Iruslees (elders and deacons). Any election process musl involve the communicant membership of the congregation. There is no fixed term for Trusteeship. There is no fixed term for Congregational Trustees. Prior to their appointment, new trustees would have served the church for some lime in various roles and would be familiar with the Church's values, ils aims and objectives as well as its day to day operations. As part oftheir induction programme, new trustees are required to understand their slalulory responsibilrties as well as the SponSibl1111es of their office within the congregation as elder or deacon. Obloctives and actlvitl85 The principal objectives of the Free Church of Scotland and this ¢ongregalion are the public worship of God, the spreading of the Gospel of Jesus Christ, the exercise of pastoral care and the provision of practical compassion for those in need. The principal a¢livities of the congregation are the conduct of public worship on the Lord's Day, a mid week meeting for prayer and bible study, the visitation of the sick from the congregation in hospitals and elsewhere and the visitstion of the house bound. The CD ministry is flourishing with an expanding up take and wide circulation of the Cds lo visitors, to sustained contacts in the UK and several overseas. Flnanclal revlew In 2024 our total ordinary income increased by £3,271 from £35,084 10 £38,355. With still no permanent Minister in post, our remittan¢es lo the Central Fund were nil12023'. nill. Our Fabric Fund income of £2,410 was an increase of £440 from last year12023.' £1,970} and included interest of £40 in addition lo the subs¢riplions and donations. Expenditure reduced during the year and as a $11, the funds on hand at the year end increased to £33,238 from £29.219 in the prior year. The congregation is a charity and is re¢ognised by the Scottish Charity Regulator. As a result there is no liability lo laxalion on any of its income. The congregational reseNe5 at the year end were £32.054 being £2,805 in designated funds, and £29,249 in unreslricled funds Funds held as cu$todlan trusteo The Deacons, Court makes grants from its Iilhed gift income lo individuals and organisalions that are generally known lo the Iruslees and the church. The beneficiaries are involved in activities or ministries compatible with the congregation's objectives. of R A Clemenl Associate5 was deemed lo be reappointed as independent examiner 8nd the Trustees recommend that emains in office until further notice.
Fort William and Kilmonivaig Free Church of Scotland Trusteg3' Annual Report (contlnuedj Year end•d 31 December 2024 The Iruslees, annual report was approved on trustees by.. and signed on behalf of the board of
Fort William and Kilmonivaig Free Church of Scotland Independent Examiner's Report to the Trustse8 of Fort Wllliam and Kilmonivaig Free Church of Scotland Y•ar ended 31 December 2024 I report lo the trustee$ on my &xaminalion of the financial 51atemenls of Fort Wlliam and Kilmonivaig Fe Church of Scotland {'the charity'l for the year ended 31 December 2024. Re8pon$lbilltlg5 and bas18 of report As the Iruslees of the charity you are responsible for the preparation of the financial statements in accordance with the requirement5 of the Charities and Trustee Investment IS¢otlandl Act 2005 Ilhe '2005 Acl'l and the Charities Accounts (Scollandl Regulations 2006 las amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead lo have an independent examination. I report in respect of my examination of the charity's financial statements as carried out under section 4411llc} of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities A¢¢ounls (Scotland) Regulations 2006 las amended). Independent examlner's 8tatomont Since the Charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11121 of the Charities Accounts (Scotland) Regulations 2006 las amended). I can confimi that l am qualified lo undertake the examination because l am a registered member of ICAS which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material SpeCt.. accounting records We not kept as required by section 4411llal of the 2005 Act and Regulation 4 of the Charities Accounts (Scotlandl Regulations 2006 {as amended)., or the financial statements do not a¢¢ord with those records-, or the financial statements do not comply with the accounting requ1MentS of Regulation 8 of the Charities Accounts (Scotlandl Regulation5 2006 las amended). I have no concerns and have eome across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. l%lzs
Fort William and Kilmonivaig Free Church of Scotland Slatsment of Financlal Activitie8 Year endod 31 December 2024 2024 Unrestricted funds Total funds 2023 Total funds Not• Income and end0ents Donations and legacies Charitable activities Investment income 19,125 21,600 40 19,125 21,600 40 17,614 19,371 69 Total Income 40,765 40,765 37,054 Expendlture Expenditure on charitable activities Total expendlture 36,835 36,835 36,835 36,835 39,162 39,162 Net Incomellexpendlture) and net movement In fund$ 3.930 3,930 12,1081 Reeonciliatlon of funds Total fvnds brought forward Total funds carrled fomard 28,124 32,054 28,124 32,054 30,232 28.124 The ststement of financial activities includes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 13 part of thè$e financlal stat•ments.
Fort William and Kilmonivaig Free Church of Scotland Statement of Financial Position 31 December 2024 2024 2023 Not• Current assets Debtors Cash al bank and in hand 12 2.140 31.098 621 28,598 29,219 33,238 Creditors: amounts falllng due withln one year Net curront assets 13 1,184 32,054 32,054 32,054 1,095 28.124 28,124 28,124 Total assets less current IlabllRI¢s Net a880ts Funds of the charlty Unre$tri¢ted funds 32,054 28,124 Total charlty funds 15 32,054 28,124 The e financial statements were approved by the board of trustees and aulhorised for issue on and are signed on behalf of the board by.. Th• not•$ on pag98 8 to 13 fonn part of th•89 financlal ststèments.
Fort William and Kilmonivaig Free Church of Scotland Notes to the Flnanclal Statements Year ended 31 December 2024 General infomiatlon incorporated. ststement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102}} and the Charities and Trustee Investment (Scollandl Act 2005 and the Charity Ac¢ounls IScolland} Regulations 2006 las amended). Accountlng poll¢le8 Bash of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are Prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability to continue. Fund accountlng Unreslricled funds are available for use al the discretion of the trustees to further any of the charity's Purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or ¢ommitment. Restricted funds are $ubjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub4lasses'. reslricled income funds or endowment fvnds.
Fort William and Kilmonivaig Free Church of Scotland Notes to the Financial Statements (contlnuedj Year ended 31 December 2024 Accounllng pollcles (conunuedj Incomlng resources All incoming resources a included in the statement of financial activities when enlillement has passed to the charity,. it is probable that the economic benefits associated with the transaction will ow to the ¢harity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, re¢eipt is probable and its amount can be measured reliably. legacy income is recognised when re¢eipl is probable and entitlement is established. income from donated good$ is measured al the fair value of the goods unless this is impractical to measure reliably, in whiGh case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and seNices are re¢ognised in the accounts when received if the value can be reliably measured. No amounts a in¢luded for the ¢onlribulion of general volunteers. income from eontra¢15 for the supply of services is recognised with the delivery of the contracted service. This 1$ classified a5 unreslricled funds unless there is a conlraelual requirement for it to be spent on a particular purpose and returned if unspent, in whi¢h ¢a$e it may be regarded as restricled. Resources expended Expenditure is recognised on an a¢¢wals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under heading5 of the slalemenl of financial activities to which il relates.. expendlture on raising funds includes the costs of all fundraising activities, events, non- charitable trading a¢tivities, and the sale of donated goods. expenditure on ¢harilable activities includes all costs incurred by 8 ¢harty in undertaking activities that further 11$ ¢harilable aims for the benefit of ils beneficiaries, In¢luding those support costs and costs relating to the governance of the charity apportioned lo ¢harilable aclivilie5. otherexpendilure includes all expenditure that Is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the $oUrce. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consislenl basi5. Defingd contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related Service is provided. Prepaid contributions are reco9nised as an asset to the exlenl that the prepayment will lead to a reduction in future payments or a cash refund.
Fort William and Kilmonivaig Free Church of Scotland Note8 to the Financial Statements fcontlnued) Y•ar ended 31 December 2024 Accountlng pollcles (contlnued) Dèfingd contrlbutlon plans fcondnu8d) en ¢onlributions are not expected lo be sellled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is meaSud on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Donation$ and Iogacios Unreslricled Total Fund8 Unreslricled Total Funds Funds 2024 Funds 2023 Grants Grants 8,000 8.000 8,133 8,133 Sub$crlptlon$ Members subscriptions 2,280 2,280 1,901 1,901 Other donatlons and legacles Donations 8,845 19,125 8,845 7.580 7,580 17.614 19,125 17,614 Charltabl¢ actlvltlos Unreslricled Total Fund$ Unrestricted Total Funcls Funds 2024 Funds 2023 Tax recovered on gift aid giving Church door collections Envelopes Magazines 2,246 11,172 8,158 24 2,246 11,172 8,158 24 621 8.369 10,263 118 621 8,369 10,263 118 21.600 21,600 19,371 19,371 Investment Income Unreslricled Totsl Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Bank interest 40 40 69 69 Expendlturo on charltable actlvltles by fund typo Unreslrieted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 General activities Support cost$ 36,175 660 36,175 860 38,580 582 38,580 582 36,835 36,835 39.162 39,182 10
Fort William and Kilmonivaig Free Church of Scotland Notes to the Financial Statements (contlnu8dJ Year ended 31 December 2024 Expendlture on charltable actlvltles by actlvity type Activities undertaken directly Support Total fund8 costs 2024 Total fund 2023 General a¢livilies Governance costs 36,175 36,175 660 38,580 582 660 36,175 660 36,835 39,162 Independent examlnatlon feB$ 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 660 582 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wage5 and salaries Social security costs Employer contributions to pension plans 13,817 745 1,222 14,405 649 1,229 15.784 16,283 The average head count of employees during the year was Nil12023. 11. The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Staff No employee received employee benefits of more than £60,000 during the year12023.. Nill. 11. Trustee remungratlon and expenses received £2,000 for renovation works carried out in the Church. 12. Debtors 2024 2023 Other debtors 2,140 621 11
Fort William and Kilmonlvaig Free Church of Scotland Notes to the Flnancial Statements (contlnued) Year ended 31 December 2024 13. Credltor8: amounts falllng due wlthin one year 2024 2023 Accruals and deferred income 1,184 1,095 14. Penslons and othgr p05t rgtirement beneflts Dellned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined conlfibulion plans was £1,222 {2023.' £1.2291. 15. Anatysls of ch•ritsble funds Unrestricted funds At 1 January 20 24 At 31 Do¢emb• r 2024 Income Expenditure General funds Fabric funds 23,143 4,981 28,124 38,355 2,410 132,2491 {4,5861 136.8351 29,249 2,805 32,054 40,765 At 1 January 20 23 Al 31 December 2023 Income Expenditure General funds Fabric funds 22,932 7,300 35.084 1,970 37,054 134,8731 14,2891 139.1621 23,143 4,981 30,232 28,124 The unrestricted fund encomp•$ses all income and expenditure relating to the primary focus activities of the charty, other than those for which funding is restricted. The designated Fabric Fund represents the money sel aside by the Deacons, Court for the fabric and costs of the buildings. 12
Fort William and Kilmonivaig Free Church of Scotland Notes to the Financlal Statements feonllnu¢dJ Year ended 31 December 2024 16. Analy819 of net assets b•twoen funds Unreslricled Totsl Funds Fund$ 2024 Current assets Creditors les5 than 1 year Not assets 33,238 11.1841 32,054 33,238 11,1841 32,054 Unrestricted Totsl Funds Funds 2023 Current assets Creditors less than 1 year Not as$ets 29,219 11,0951 28,124 29,219 11,0951 28,124 13
Fort Wllliam and Kilmonivaig Free Church of Scotland Management Information Year ended 31 December 2024 The followlng pages do not form part of the flnan¢ial statements. 14
Fort William and Kilmonivaig Free Church of Scotland Detalled Statem•nt of Financlal Activltles Year ended 31 December 2024 2024 2023 In¢ome and endowments Donations and legacies Grants Members subscripts'ons Donations 8,000 2,280 8.845 8.133 1,901 7,580 17,614 19,125 Ch•rltablg activitlgs Tax recovered on gift aid giving Church door ¢ollections Envelopes Magazines 2,246 11,172 8.158 24 621 8,369 10,263 118 21,600 19.371 Investment Income Bank interest 40 69 Total income 40,765 37,054 Expenditure Expenditure on charitable activities Purchases Wages and salaries Employer's NIC Pension costs Rates and water Light and heal Repairs and maintenance Insurance other establishment Legal and professional fees Telephone Other otti¢e costs DelailedSOFAExpenditureOnCharitableActiviliesType2H 990 13,817 745 1,222 3,405 2,169 637 2,033 7.925 2.991 855 14,405 649 1,229 2,685 1,713 1.133 1,832 11,523 2,554 338 221 25 868 33 36,835 39,162 Total oxpenditure 36,835 39.162 Net Incomelloxpenditur•) 3,930 12,1081 15