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
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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..
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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.
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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).
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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
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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.
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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