Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D CHARITY NO: SC038916 BON ACCORD FREE CHURCH OF SCOTLAND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 PAGE Reference and Administrative information Report of the Trustees Independent Examiner Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements 9-17
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Charlty Name: Bon Accord Free Church of Scotland Registered Office and Operatlonal Address: Charlty Reglstratlon Number: SC038916 Trustees: Treasurers". Independent Examlners: Wbg SeNices LLP 168 Bath Street Glasgow G2 4TP Bankers: Royal Bank of Scotland Queen's Cross Branch Albyn Place Aberdeen AB10 1YN Denomlnatlonal Address: Free Church of Scotland The Mound Edinburgh EH12LS
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The TNstees present their report with the financial statements of the charity for the year ended 31 December 2024 The trustees have adopted the provisions of the Statement of Recommended Practice {SORP) Accounting and Reporting by Charities issued in March 2005. The legal and administrative information on page 1 fomis part of this report. structure, Governanc8 and Management status of charlty and governlng document Bon Accord Free Church of Scotland is established by Constitution and is a registered Scottish Charity - number SC038916. The church is a congregation of the Free Church of Scotland and a branch ofthe Free Church ofscotland, Edinburgh (Scottish charity number SC0129251. Recruitment and appointment of Trustees The Kirk Session exercises its discretion in detemiining the most appropriate method of electing new Trustees (Elders and Deacons}. Any election process must involve the communicant membership of the congregation. There is no fixed tenn for Trusteeship. Prior to their appointment, new Trustees would have served the church for some time in various roles and would be familiar with the church's values, its aims and objectives as well as its day to day operations. Induction and training of new trustees As part of their induction programme. new Trustees are required to understand their ststutory responsibiltties as well as their responsibility as elder or deacon. Organisational Structure The Church is Presbyterian in government and its day to day running is undertaken by the Elders (the Kirk Session) and the Deacons (the Deacons. Court}. The Deacons, Court's specific function relates to the material and financial business of the congregation, whereas Elders are charged wth the general and spirrtual oversight of the congregation. It is accepted practice for the Minister and Elders to also be in membership of the Deacons, Court. Under charity law the Deacons. Court are deemed to be the Trustees of the Congregation and all significant decisions are taken by the Trustees. The Trustees are the Key Management Personnel and are not remunerated for their services a5 Trustees. (Thi5 is distinct from the role of congregational tNstees responsible only for holding property in trusti. The Deacons, Court (the Trustees) who served during the year. unless otherwise stated. were as follows..
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Rlsk Management The Trustees assess the major risks to which the charity is exposed on an ongoing basis and have established procedures to mitigate those that are identified as a result of these reviews. The principal financial risk faced by the Charity is the reduction of our income levels, for which we are primarily dependent on donations from members of the congregation. This risk is mitigated by the fact that our contributions to central funds which make up a significant proportion of our expenditure would decrease significantly were our income levels to reduce. Objectlvos and Actlvltles Aim and Affiliations Bon Accord Free Church of Scotland aims to mainlain the public worship of God and to foster Christian fellowship., to evangelise the local area by proclaiming the gospel of Jesus Christ, to exercise pastoral care and to uphold and further the interests of the Free Church of Scotland- and to participate in the worldwide promotion of Christian fellowship and the advancement of the Christian faith. Bon Accord Free Church of Scotland is a congregation ofthe national Free Church of Scotland working towards the common aims sel out above. It is a Presbyterian church adhering in its worship and doctrine to the position of the Church of Scotland at the Reformation. The Free Church of Scotland has an explanatory document which explains the origins of the Church and which gives the historical background to the Church coming into being in 1843 and lists documents in which is embodied the constitution of the Church. The Free Church of Scotland currently has over 100 congregations with over 13,000 people attending Sunday services. The Church also has a full time college in the heart of Edinburgh for the training of Ministers and other Christian workers and sustains an extensive Missionary programme relative to the size of the church. Dating from 1843 but with its roots in the Reformation, The Free Church of Scotland owes its distinctive title to its historical struggle to remain 'free' from state interference with its spiritual authority. It has close and active relations with many other Reformed churches of Jesus Christ throughout the world and stands firmly in the tradition which accepts the Bible in its entirety as the Word of God and. therefore. derives its forms of teaching. worship, ministry and government from f(. The main emphasis of our worship is the preaching of the gospel the good news of a free and sovereign salvation through Jesus Christ alone. The congregation is authorised by the Church to have a minister paid from central funds of the Church. The Church building and the Minister's manse are the property of the congregation and the Church building is held under the Church's model trust deed. The govemment of the Free Church of Scotland is Presbyterian and the congregation is within the Presbytery of Edinburgh & Perth.
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Achl8vem8nts and Performance During the year, the church met regularfy for worship and carried out various activities in pursuit of the above stated aims. The congregation continued tts commitment to support the national Free Church of Scotland both spiritually and financially. In relation to Congregational Funding= During 2024 the Deacons, Court gave donations to Friends International. Aberdeen University Christian Union. Christians in Sport, Aberdeen YMCA, Choices Aberdeen, RGU Christian Union, Leith Free Church, Winchburgh Church Plant, Galashiels Church Plant, Levenmouth Church Plant. Bethany Christian Trust. Charleston Church Plant, Safe Families. Christian Witness to Israel, Wycltrre Bible Translation, Open Doors ,Training Leaders International. steadfast Global. Operation Mobilisation. OMF International. and various individuals. Financial Review Principal funding sources.. The principal source of income comes from monthly standing orders from members of the congregation, weekly cash offerings and Gift Aid claims from HMRC. The Statement of Financial Activities on page 7 reflects net incoming resources of £226.342 12023= £313.580). Grant Making Policy The church makes grants from donations received to individuals and organisations that are generally known to the Trustees and the church. The beneficiaries are involved in activities or ministries compatible with the church's objectives. Reserves Pollcy It is the policy of the church to maintain unrestricted funds, i.e. funds not committed or invested in fixed assets, at a level which equates to approximately one month's unrestricted expenditure, which is QUentlY around £25,691. This allows sufficient funds to enable the ongoing work of the church to be maintained. The General Fund at 31 December 2024 amounted to £74,387 (2023.. £119,164). therefore above target level. Totsl funds, induding net book value of fixed assets and balances on restricted fijnds amounted to £2.260,393 (2023: £2,351,128).
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees, responsibilities in relation to the financial statements The Trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland requires the Trustees to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and the application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to- select suitable accounting policies and then apply them consistently.. obseNe the methods and principles in the charities SORP- make judgements and estimates that are reasonable and prudent- slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Ad 2005, the Charity Accounts {Scotland} Regulations 2006 (a5 amended), and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's webslte. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report has been prepared in accordance with the Statement of Recommended Practice: applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191. Approved by the Trustees 8nd signed on their behalf by= Date.. 23 September 2025
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF BON ACCORD FREE CHURCH OF SCOTLAND FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounts of the charity for the year ended 31 December 2024. which are set out on pages 7 to 17. Respective responsibilities of Truslees and examiner The charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scolland) Act 2005 and the Charrties Accounts (Scotlandl Regulations 2006. The charity Trustees consider that the audit requirement of Regulation 10111 la) to (cl of the Accounts Regulations does not apply. 11 is my responsibility to examine the accounts as required under section 44(1 } (c) of the Act and to state whether particular matters have come to my attention. Basls of Independent Oxamlner's statement My examination is carried out in accordance with Regulation 11 of the Charrties Accounts IScotland} Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the TNstees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In the course of my examination. no matter has come to my attention which gives me reasonable cause to believe that in any material respects the requirements- to keep accounting records in accordance with Section 4411 } (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and to prepare accounts which accord with the accounting records and comply wf(h Regulation 8 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounls to be reached. Wbg Services LLP 168 Bath Street Glasgow G2 4TP Date.. 23 September 2025
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Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND BALANCE SHEET AS AT 31 DECEMBER 2024 Total Funds 2024 Total Funds 2023 Note Fixed assets: Tangible assets 10 1,951,620 1.951.620 1,997,536 1,997,536 Current assets." Debtors Cash at bank and in hand Total Current A55ets 11 16.045 314,227 330,272 74,319 297,510 371,829 Liabilities: Creditors falling due wthin one year Net Current Assets 12 308,773 353,592 Net Assets 2.260.393 2,351,128 The funds of the charlty." Unrestricted funds Restricted funds 13 13 2,192,662 67.731 2.260,393 2,281,473 69,655 2,351,128 Total charity funds Approved by the Trustees and signed on their behalf by= Date.. 23 September 2025
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accountlng Pollcles la) Basis of preparation and assessment of going concern The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note{sl to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice" Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republicof Ireland IFRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotlandl Regulations 2006. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. {b} Funds structure Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Trustees, at their discretion, have created funds for specific purpose5. Restricted funds are funds which are to be used in accordance wth specrfic restrictions imposed by the donor or trust deed, or through the terms of an appeal. Further detsils of each fund are disclosed in note 13. (c) Income recognltlon Income is recognised once the charty has entitlement to the income. it is probable that the income wll be received and the amount of income receivable can be measured reliably. Donations. are recognised when the charity has been notrfied in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds. the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity.. this is nomially upon notification of the interest paid or payable by the bank.
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accountlng Pollcles (contlnuèd) Id) Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commrtting the charity to that expenditure. it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governan costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note {el below. Expenditure on charitable activities include all costs relating to activities where the primary aim is part of the objects of the church. Irrecoverable VAT is charged as a cost against the activty for which the expenditure is incurred. (e) Allocation of support and governance costs Support costs have been allocated between govemance costs and other support cosls. Governance costs comprise all costs involving the public accountabilty of the charity and rts compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together wth an apportionment of overhead and support costs. Governance costs and support costs relating to charitable activities have been apportioned based on the number of individual grant awards made in recognrtion that the administrative costs of awarding. monitoring and assessing research grants, salary support grants and postgraduate scholarships are broadly equivalent. The allocation of support and goveman costs is analysed in note 7. In Tangible fixed asset5 and depreciation All assets costing more than £150 are capitalised and valued at historical cost. Depreciation is charged as follows.. Basis 200kn straight line 2% straight line Fixtures & Equipment Heritable Propertyl Church Building Ig) Taxation Bon Accord Free Church of Scotland is a charity wthin the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received wrthin categories covered by Chapter 3 of Part 11 of the CorporatK)n Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only. io
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accountlng Pollcles (contlnuèd) (h) Debtors Trade and other debtors are recognised at the Settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. (i} Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity ofthree months or less from the date of acquisition or opening ofthe deposit or Similar account. (J'l Creditors and provisions Creditois and provisions are recognised where the charty has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. (k) Penslons Employees of the charity are entitled to join a defined contribution 'money purchase, scheme. The charity contribution is restricted to the contributions disclosed in note 8. There were no outstanding contribution5 at the year end. (l} Employee Benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entlement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. (ml Contlngent Ilabllltlos A contingent liability is identified and disclosed for those grants resulting from= a possible obligation which will only be confirmed by the occUence of one or more uncertain future events not wholly within the Trustees, control., or a present obligation following a grant offer where settlement is either not considered probable- or the amount has not been communicated in the grant offer and that amount cannot be estimated reliably. (n) Financial instruments The charity only has financial assets and finanaal liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value wilh the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. li
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accountlng Pollcles (contlnuèd) lo) Judgements and key sources of estimation uncertainty In the application of the company's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revisDn and future periods if the revision affects both current and future periods. The Trustees are satisfied that the accounting policies are appropriate and applied consistently. Key sour5 of estimation have been applied as follows", Estimate Basis of estimation Depreciation of fixed assets, Fixed assels are depreciated and amortised over the useful life of the asset. The useful lives of fixed assets, are based on the knowledge of the church Treasurers, with reference to assets expected life cycle. 2. Related party transactions and Trustees, expenses and remuneration No Trustees received any remuneration during the year in relation to their role as trustee 12023= £nil). During the year there were no reimbursed trustee expenses {2023'. £nil). No expenses which Trustees were eligible to claim were waived during the year (2023: none). During the year, donations of £74,897 (2023.. £66,405) were paid to the charity by 16 Trustees (2023: 17). During the year trustee his ministerial role. eceived a salary supplement of £3.600 (2023.. £3.200) for During the year trustee unior} received a salary supplement of £3.600 {2023= £1,120) for his assistant ministerial role. During the year 12023= £13,735) in relation to her role as youth worker. eceived remuneration of £15.130 During the year wife of received remuneration of £15,130 (2023- £13,735) in relation to her role as church administrator. Other than as disclosed above. no Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2023= none). 12
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 3. Incomè from donatlons and18gacles 2024 2023 Donations Gift aid 180.532 40,587 221,119 275,132 37,496 312,628 4. Incom8 from charltable actlvltles 2024 2023 Lunch club income 613 613 572 572 5. Investment Incom 2024 2023 Deposit account interest 4.610 4,610 380 380 6. Analysis of expenditure on charitable activities 2024 Total 2023 Total Denominational remittances Youth & outreach costs Buildings expenditure Congregational expenditure Depreciation Govemance costs (note 7) 123.543 7.138 27,921 108.688 47.417 2,370 317.077 77,477 8,045 28,248 76,350 46,998 2,253 239,371 7. Allocatlon of governance costs Governance costs are allocated to costs of charitable activities.. Governance costs: 2024 2023 Independent examiners remuneration 2.370 2,370 2,253 2,253 13
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 8. Analysls of staff costs and remuneratlon of key management personnel 2024 2023 Wages & salaries Social security costs Pension costs Total staff costs and employee benerts 42.133 2,659 3,746 48,538 31,985 1.876 3,179 37,040 2024 2023 Key management personnel remuneration No employees had employee benefits in excess of £60.000 {2023: none). 2024 No. 2023 No. The average weekly number of persons. by headcount. employed by the charity during the year was= 9. Net income for the year This is stated after charging- 2024 2023 Depreciation Independent examiner fees 47.417 2,370 46,998 2,253 10. Tangible Fixed Assets Herltable Property Flttlngs & Equipment Tolal Cost At 1 January 2024 Additions At 31 December 2024 2,292,425 29,691 2,322,116 2,292.425 31.192 2.323,617 Depreclatlon At 1 January 2024 Charge for the year At 31 December 2024 298,202 45,849 344,051 26,378 1,568 27,946 324,580 47,417 371,997 Net book value At 31 December 2024 1,948.374 3,246 1.951,620 At 31 December 2023 1,994.223 3,313 1.997,536 At 31 December 2024 all assets were used for charitable purposes. 14
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Debtors 2024 2023 Prepayments Other debtors 4.190 11,855 16,045 4,032 70,287 74.319 12. Credltors: amounts falllng due wllhln one year 2024 2023 Other creditors and accruals 21,499 21,499 18,237 18,237 13. Analysls of charftabl8 funds Analysls of Fund movements 2023 Funds blfwd Galnsl Expenditure (Losses) Transfers Funds clfwd Income Unrestrlcted funds Tangible fixed assets Mission Fund Outreach Fund Total designated funds General funds Total unrestricted funds Restricted funds Fabric Fund Free Church Camps Attendance Little Lambs Lunch Club Fund Renovations & Buildings Fund Sunday School Teen Group Youth Weekend Total restricted funds TOTAL FUNDS 2,043.609 29,725 22,402 22,753 130.281 2,096.087 152.683 106,648 153.372 2,202.735 306.055 {46.998) (28,490) 11.898 (87.386) 139931 227.317 925 1.997,536 23,637 141,136 2,162,309 925 925 2,281,473 7.789 14.255) 3.534 9,504 1.110 1.046 11,8301 (103) 11.000) 7,674 1,007 558 512 50.975 1.145 832 1.783 3.493 74.184 7.525 2,276,919 313.580 3.520 (8) (915) {144) 3.799 12.054 239.371 54,487 230 1,477 69,655 2,351,128 15
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Analysls of charltable funds Iconllnued) Analysis of Fund movements 2024 Funds bjfwd Gainsl Expenditure (Losses) Transfers Funds clfvid Income Unrestricted funds Tangible fixed assets Mission Fund Outreach Fund Total deslgnatod funds General funds Total unrestricted funds Restrlcted funds Fabric Fund Free Church Camps Attendance Little Lambs Lunch Club Fund Renovations & Buildings Fund Sunday School Teen Group Youth Weekend Total restrlcted funds TOTAL FUNDS 1,997,536 23.637 19.305 141.136 31.951 2,162,309 51.256 119.164 168.229 2,281,473 219,485 (47,417) (29.497) 19.877 {96.791) 211.505 308,296 1,501 1,951,620 13,445 153,210 2,118,275 74,387 2,192,662 1,501 1,501 3,534 13,534) 7.674 1,007 558 11.162) {425) {598) 6.512 594 573 12 613 54,487 230 688 1,477 2,518 69,655 6.857 2,351.128 226.342 3,714 18) {230) (393) 2,431 8.781 317.077 58,193 295 1,564 67,731 2.260,393 a) The unrestricted funds are available to be spent for any of the purposes of the charity- The Trustees have created the following designated funds= Tangible Fixed Assets - Represents the amount of the charity's funds tied up in fixed assets. Mission Fund - is lo enable the charity to make donations to other charities in a more organised way. Outreach fund represents the donations set aside specifically for outreach work. b) Restricted funds comprise.. The Fabric Fund represents donations received for the intemal fabric of the church building. The Free Church Camps Attendance Fund represents funds held to help campers andlor leaders to attend Free Church camps. Little Lambs Fund represents funds to support the Little Lambs parent and toddler group. Lunch Club Fund represents funds to support the Lunch Club which provides lunches for those aged over 55. 16
Docuggn Envek¥e ID.. EBEIE04C.OA9&4EFAAE2U718E02B557D BON ACCORD FREE CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Analysls of charltable funds Iconllnued) The Renovations and Buildings Fund represents funds collected for any works required on the church building. Sunday School- this is a fund to support the Sunday School for children. Teen Group- this is a fund to support the Teens, group, which organises activities for the teenagers in the church Youth Weekend - this is a fund to support the weekend away that is provided for young people in the congregation. 14. Net ass8ts over funds Unrestricted Funds Restricted Funds Total 2023 Fixed assets Debtors Bank & Cash Creditors due < 1 year 1.997,536 73,054 229.120 {18.237} 2.281.473 1,997.536 74,319 297.510 118,2371 2,351.128 1,265 68.390 69,655 Unrestricted Funds Restricted Funds Total 2024 Fixed assets Debtor5 Bank & Cash Creditors due < 1 year 1.951,620 15,880 246,501 21,339 2.192.662 1,951.620 16,045 314.227 21,499 2,260.393 165 67.726 160 67.731 17