Scortifh Charity No.. SC0468J3 Broughty Ferry Presbyterian Church Financial Statements For the year ended 31 Decernber 2024 l+P Innes & Partners
Brou h Ferry Presbyterian Church Contents of th¢ Financlal Statementsfor theyear ended 31 December 2024 Page Report of tbe Tnjstees Report of the Ind¢p¢ndent Examiner Statement of Financial Activities Balance Sheet Not to the FInAl1 Statcments 8-17
Brou h Ferry Presbyterian Church Report of the Independent Ey#rniner to the Trusteesfor ihÉyear ended.1 I r)ecemher 2f)24 The ttU5tees are plea8ed to present their report together with the fiMn¢ial st4temeuts of the church for the year ended 31 Dec¢mber 2024. Stglus ofchrlty CovernlngDocument Broughty Ferry Free Church of Scotland (previously known 35 Broughty FeTry Presbyterian Church) is an Unincoryorated Association which is a registered S¢ottish Charity and a congregation of the Free Chiirch of Scotland, a Presbyterian Church adhering in its worship arld doctrine to the position of the Church Scotland at the Reforniation. The Free Church of Scotland owe8 its title to its 'stOricAl struggle lo remaitt 'free" from state interferertee in its internal affairs. The Free Church of Scotland has an explanatnry document which explains the origins of the church and which gives the historical baekground to the Church coming into being in 1843 and lists d0ments in which is embodied the constitution of the Chureh. The Free Church of Seotland Currently h&8 8rourtd 100 con8re8ations in Scotland, AS well as two in London and five in Notth Americ4 and sister churches founded by mission Work in fndia, Petu and Swth Africa. It al h8$ a fvll time degree-Awardin8 callege in the hean of F.dinhurgh for the training of ministers and other c.hristian workers and SUprLS and work with ehurchex #nd C.hri.stiaft organilalioni aroiind ihe wnrld. The government of the Free Church of Scoiland is Presbyterian and the congregatinn is within th¢ Pr­tery of Edinhurgh and Perth. The congregation torltrihute the natio] Church's stipend In turn. the congregation is authorized by Ihe c.hurch lo have R minister paid from the centr81 funds nf the Church. Triiteej and Leaders The Elder8 fomi the Kirk Sesgion and ue responsible for the general and spiritual oversight of th¢ congregation. The administration of the finances and property of the congrcgalion is the r¢8ponsibtlity of the Financc Committee. The Kirk Session exercises its discretion in d¢lerniining the most appropriate methcd of electinR new Trustees {eldtts gnd Financ¢ Committ¢e m¢mbers) but any election process must involve the communicant membership of the congregation. all in accordance the Constitution of tbe Congregation. Prior to th¢ir appointm¢n¢ ncw Trustc¢s will have suved the Church for some tim¢ in various roles ond would Ix familiar with the Church's valu&5. airns and objectives as well as ils day to day operacions. Suitable induction is provided for all new Truslces, making thern aware of a tru5tcc's responsibilities, the Constifution and administraiive procedures. A copy of the prevtous year's annual report and accounts are also provided alon8 With Ibe OSCR booklet"Guidance and Good Prac¢ic¢ for Charity Trustees" Appointment and removal is in accdance with the Constitution which requir¢s that appointmcnl or rcmov&l is approved by r¢solution of not 1¢sS than 750/& of the existing trustees. There is no Maximum numb¢r of trustees. The mll]imum number is ihr¢& The ttust¢¢s who setv¢d during the yeaT were.. Member< ()f rhe Finance C.ommirfee IF.leoted)-. Page I
Broughty Fe Presb erian Church Report of the Ind¢pendent Examiner to the Trnstee$for theyeor ended 31 December 2024 Ch4Tffit2ble Objective5 The purwse of thc church 15 the advanccmcnt of th¢ Christian religion through the public worship of God, th¢ spreading of the gospel of Jesus Christ. the exercise of pastoral ¢wre and the provision of practical compassion for those in need. Acdvltles and Achlevements The Congregation aims to mainlatn the public WOT8hip of God and to foster Christian fellowship> cvangelise the local area by procl£timing th¢ gospel of Jesus Christ, to exercise pastoral care and practical ¢ompassion for those in need. to uphold And fjjrther the intcrests of the Frec Chur¢h of S¢otland; and to participa1¢ in the worldwidc promotion of Christian fellowship and thc advaneement of lh¢ Christian faith. All the business and proc¢cdings of the Congregation ar¢ conducted in accordance with the cons11tion of the Fr¢¢ Chur¢h of S¢odaniL under th¢ supervision of the Presbjtery of the bounds. and in tern of the Acts, deliverances or diT¢Ctions of the G¢n¢ral Ass¢mbly of the Free Church of Scotland. Sunday morning services were held in the old premises of Broughty Feny Baptist Church, ren(¢d by us for Sunday morning5. Held at the same time a Sunday Club mainly for Primary School-agcd children And a Bible Class maittly for SecondY4ry school-agcd children. The moming scrvice is usually followed by refreshments in the church hall except for the last Sunday of most months when a church lunch 15 held in The Brook Iprcmises rented from Broughty Ferry Presb>terian Chureh Ttust for our solc usc). Ev¢ryon¢ attending ¢he church service is invited ¢0 this free lunch afier ihe service. Midweek setwices or prayer m¢¢tin8s wer¢ hcld in The Brook every Wednesday morning during school terni time. Prayer rneetings were also held on alternate Wednesd&y evenings (and every Wcdnesday in summer) in The Brook bui with the t¢¢hnology for othcrs to join by Zoom, leading lo a larg¢r number of people able to partieipat¢ in the mectings. House groups were held on Altcrnate Wednesday evenings for much of the year. Presently 3 different House groups rLJn on Wednesday evenings. Communications, devotions and information was s¢nt out to all members, adherents and other inieresi¢d individuals by email or post once every week. From time ¢0 time other ministeTS, missionaries or ClSt1&ll workers have been invited io lead Sunday s¢rvi¢¢$ or midweek meetings. Jonathan Fowler was appointed to the post of Youth, Family and Child Worker in 2023. He is responsible for Sunday se5sioris for primary and 5econdary-aged children and for a Youth Club. He ha5 good links with both S¢ripturc Union, Youth for Christ and other youth Workers in Dund¢¢. H¢ organiscs and runs "Messy Church" an activities and outreach session for younger children that takes place on one Saturday aftcrnoon a month for &7 months of the year. This has been attended by a number of local familie5. several of whom hav¢ f¢w or no church connection5. He helps with two SU groups in the local s¢¢ondary school and helped pr¢scnt a srv¢n-week "Bible Alive" course in a local Primary School. H¢ n$ a Youth Club on Friday evenings Rnd a Parenl and Toddler group was started in lh¢ ehurch premises in Sepfflber, is open to glny toddlers and their carers in the community and has been well attended. A 7-week"Chtistianity Explored" course was tun in the Autumn and was attended by a number of people inter¢5ted in Icarning more about Christianity. Occasional activities through the year have includcd distribution of Christian magazines I"Life"l around the area ofthe church with inyitJtions to 5p¢cial services and"Heritage" walks around central Broughty Ferry pointing out Sit¢s of interest and their conncction to hisiorical ¢v¢nts or p¢rsons usually with 8 Christian focus. Th¢s¢ finish wilh refreshments in The Brook and are free but dortations are invited to support the work of the RNLI in Broughty Ferry. On 8 Cold cvcning in Noii¢mb¢r ivhcn th¢ Chri$tmaG lights. ar¢ officiall)I sivit¢h¢d on and Str¢ ¢nt¢rtainm¢nts hcld in Broughty Ferry. hot drinks {tea, coffee or chocolate) are provided fre¢ of charg¢ from oulsidc The Brook and thc prcmises arc opencd for thc public to make usc of toilct and hand- washing facilities. On¢¢ a monih members of the congr¢gation bring donations of non-perishable fix)d items which are then delivered to the Dundee FIK)d Bank or Eaglc5 Wings Trust, a local charity which supports tho experiencing homele55ness or addiction problems. Pa8c 2
Broughty Fe Presb erian Church Report of the Independent Examiner to the Trusteesfor theyear endfd.I l Deeemher 2024 Activities And A¢hievemeDt$ {cont)d) Thc chuTch is actively cngaged in discussions to purchase Broughty Feny Biptist Thurch building in St Vincent Street. which is presently rextcd by the etsngregation and used for Sunday morning scrvices aThl for the Youth Club. An Archite¢l and a Quantity Suryeyor have been 2ppointed, plans considered and shared with the whole congregation alld fid_alSIDg to purchase at refilrbish the buildin8 be8un. FinanciAI RevEev4 rh¢ princip&l fimding sources for the churcb ts donations by Inte¢s. memb¢r5 and adrent4 along with associatrd gift aid. Finaheidl res1& I'he Statement of F'inancial Activities on page 6 rcflccts net incoming resources of £1 53.390 (2023 rcsialed: £17.266). The charity Trustees seek lo mainoin unresrncted res¢rv¢5 equal to 6 months unrestricted expenditure and haye mei this reserve poli¢y at the end of the period. The Cburch held total rescrvc5 at 31 Dcccmbu 2024 amounting lo £280,821 (2023 rcslated.. £127,431) which was made up of unrestrictcd geneTal fiLnds of £29,919 (2023 Testated.. £42,815), unrestiicted designated fvnds of £2,809 12023 res121ed'. £l,OQO) and r¢siri¢ted tbnds of £248,093 (2023 restated.. £83,616). R¢kyiyfLfLd Bank Virgin Moncy 718 High SirL%I Dundee DDI IS webte.. www ria church. Trniteej? Relpnnilblllllei In relgrfnb) tn the Flnntll StAtemenh The charity Irustees are resn87b7e fnr pre])arin¥ a tN.4tees' annual repDrt and financial st&tements in accordance with ap]Cable law and lJnited Kingdom A¢c(hunlin8 SiAnthrds (lJnit¢d Kingdom Genernlly Accepted Accounting Practice). The law applicable to chariti&s in Scotland reqllires the ch8rity trustees to prepare finan¢ial stslements for ¢ach year which show a truc and fair view of the slatc of affaiT5 of the charity and of th¢ incoming resources and application of resources, of the charity for that period. In preparing the financial statement& the tnle¢S required to.. select suitable accounting wlicies and Ihen apply them consistently- obseryc the method and prin¢iples in the applicable Charitie5 SORP,. rnake judgen]ents and esLirnates that are reasonable and pNdent.' slate whether applicable accountin2 Standol'ds and staiements ot-re¢ommended practice have bre fDllow¢d, subject lo depatffiwes dis¢losed and explained in the linancial sldtcmcnts. prepare the ftnancial statements on the going concern basis wile5S It is inappropriate to presume that the chanty will Contin in operational existence. Thr ttublrcs rc5punsiblE for k¥¢piTh¥ prvpei" ¥LLUIU2(ing f¥LuriL¥" which dILIDr With trabvn4ibl¢ a¢¥U[Y at atiy tji11¢ ili¢ fiiidnLidl pv&ilLU11 vf IhL Lhdriiy anLi i(P Lndblc IhLm lu rnsurc thal ib¢ fiijdii¥ial 5td(eiixiilb LUTiiply wilh tlie Cliarilies and TTttL Itiveb(iii¢Jil (S¥oilatid) Aci 2003 Lh¢ Cliariti¢s Accounts (SLOt141Dd) Regulalions 2006 {as atnended). Th¢y at¢ also r¢sEK>nsible for safeguarding thc abbrlb vf thE ch&ilY and hence for t8king &sbI¢ stCP5 loi th¢ picvelltion and detection of frittsd and oih¢r irre¥ulariLie5. Pagc 3
Brou h Ferry Presb erian Church Report of the Independent F.xminer to the Trustttsfor theyear ended 31 December 2024 Tru$teei' ReBpoDslbilitle$ ftn relatioD to the Flnnel*l St4temen¢s {¢ont'd) The ttustees are respottsible for the maintenanee and inteBrity of the charity and fJn2nciAI inforniation o the CDngTegatinn's website. Le8tsliiion in the United Kin8dom 8overning the prepllration and disserninatkon of financial statements may differ from le8islotion in other jurisdhGtion&. Approved by the TnLstres on . .2025 and si8ned on their bthalf by.. 'UdL411L i¢Jii Page 4
Brou Presb erian Church Report of the Independent F.x*miner to the Trnstee5 Jor Éheyear ended 31 December 2024 I report on the finaTKial statements of Brou8hty Fetry Presbyteriall Church for the year to 31 Deeember 2023 which are set on pgges 6 to 17. Regpeetive Responslbllities of trugtee5 Ind et#mAner The church's Twstecs are responsible for the preparation of the financial statements in awordantt with the terrrn% of the Charities and Tnjstee Tnveitment (Scotlandl Act 2005 and the Charities Ac.c.ounts {Seotland) Regulations 2006 (ss amended). The church's Trnstees consider thai the audir requirement of Regulation 101 I) {a) to (c) of the Accounts Regulations does not apply. It is our responsibility to examine the finamcial siatemcnts as required under section 4411) (e) of the Act and to $iate whether particular matters have come to our attention. Bgsls of Independent examlner's statement% My exarninition was cirried (Jui in 8c¢ordance with Regul&tion I l of the Charities Accounts (8cotland) Regulations 2006 (as &mended). An examinxtinn includes a review of the accounting records kept by the church and a comparison of the financial stiitment.q preqented with Ihase records. It also includes consideration of any unusual items or disclosure.4 in the financial si&tements and seeks explanatinns frnm Ihc TNste¢.4 concerning ary such rnalters. The prfedUTas undettsken do nol provide 811 the evidence ihat would be required in an audit. and cfflsequcnily I do nnt expre$8 an audit Trpinir on the vi¢w given by the financial ststements. IDdepeDd¢nt eximlner's slatement In the course of my exatnination. no matter has come to my attention which givu mc re&sonablc ¢&use io believ¢ thi in any material respect Ihc requiremcnts: to keep a¢¢ounting records in accordance with Section 44(1) {a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and to prepare financial statem¢nts which accord with the accounting r¢cords' &nd cornply with R¢gatiort 8 of the 2006 Account5 RegatiOnS have not been met. or 2. to which in my opinion, attention slxiuld be drawn in order to enabl¢ a proper understanding of the fInKial statemt5 to be reached. Inn¢5 & Partners Limited Chartered Certified Accountanls 9 Ardross Str¢¢t Inverness tv3 SN -2025 Pa8e 5 l+P Innes & Partners (Th8rt@r@d crtIfi@d Accouniwts
Brou Presbyterain Church Statement of Financial Activities for the year ended 31 December 2024 Tot41 Funds 2024 Total Funds 2023 Restated Note Unrestri¢ted Designated Funds Funds RestrAeted Funds Income Donations and Legacies Investmcftts 81,301 2.294 1.809 211,348 294.458 2.294 131,720 TotAI Income 131720 ExpeDdllure Charitabl¢ Exp¢nditur¢ Total Expendlture 96,491 96,491 46,871 46,871 143,362 143J62 114,454 114,454 Net Incom¢l(expenditurt) before galnsloosses) on Inve8tment& Transfers bettveeD fundi 112.896) 1,809 164.477 153,390 17.266 Net Movement in Fund• (12,896) 1,809 164,477 153,390 17,266 Reconelllatlon of Funds Total Fund$ Brought Forward Total Fundi Carrled Forward 42,815 29,919 1,000 2,809 83,616 127,431 280,821 110,165 127,431 li 248,093 All incom¢ and expenditure derivc from continuin8 activities. The st&tement of financial activities includes all gains and loss¢s r¢cogni3¢d during th¢ ar. The notes on pages 6 to 17 forn) part of th¢se 4¢¢ounts Page 6
Broughty Ferry Presbyteraln Church Balance Sheet as at 31 De¢¢mber 2024 Total Funds 2124 Total Funds 2023 RestHttd Unrestrlcted DeSIgted Funds Funds R¢stTieted Funds Current Asiets Debtors Cash #t Bank and in Hand 4.3( 29,638 12.569 238.669 16.878 271.116 4,304 124,575 128,879 2,809 2,809 Tot•l Current A8iets 33,947 251238 287,994 Llabilitle$ Creditors fallin% du¢ within one year 4.028 3.145 7.173 1.448 Net C¥rreui AiJe(sl(Llabllltle¥) 29,919 1,809 244093 280,821 127,431 Tot41 Assets le$$ Currewt LlablMde$ 29.919 2J09 248.093 280.821 127,431 Net Ai$ets 29,919 2,809 248,1>93 2811,821 127,431 The Fpndi of the Chirlty Restricted Income Funds Unrestri¢ied Fund$ 248,093 248.093 32.728 83.616 43.1115 29.919 2.A09 2,809 Tot*1 Cbirlry FuDda 29,9A9 248,093 280,821 127,431 The notes on pages 8 kn 17 forni part of these accounts AppruvLd l)y IhL t111%1iL% IIII ?n?5 and Sied on theirbehalf by.. Truste¢lChairman of fiDan¢e Committee St$$loo Cl¢rk Page 7
Broughty Fe Presbyterian Church Notes to the Financial Staternentsfor iheyear epRded 31 December 2024 l. A¢¢ouftllng policies Basis ofprepuration ondas5e5smehi ofgoing ¢oncepn Broughty Fery Presbyierian Church s a registered charity in Scotland. Thc addre&s of the registered oITic¢ is given in th¢ Charity infonnation on page 3 of thc5e financial slat¢m¢nts. The nature of the charity's operations and principal activili¢s ar¢ in¢ludoJ in th¢ tru$t¢cs' report on pagcs I The charity constitutes a public benefit entity &s defined by FRS 102. The financial statements hav¢ been prepared in accordancc with Accounting and Reporting by Charities.. Statement of R0Mmended Practicc applicablc to charitiC5 prcparing their accounts in accordancc with thc Financial Reporting Standard applicablc in the UK and Rcpublic of Ir¢land tssued in October 2019, the Financial Reporting Standd applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charitie5 and Tntstee Investment {Scotland) A¢t 2005 2nd th¢ Chariti¢s Accounts (Scotland) Regulations 2006 {as am¢nd¢d)and UK Gencrally Acccpted Accounting Practic¢. Th¢ financial stat¢mtnts arg prcpared on a going conccm ba515 under the historical Cost convention. modificd to include certain items at fair value. The financial stst¢m¢nts are pr¢s¢nted in sterling which is the functional currency of the charity and rounded to the nearest £. The significallt accounting policies applied in th¢ pr¢par¥4tion of these financial statements are set out below. These policies bave been consistently appli¢d to all y¢ars pru¢nt¢d unless otherwise slated. FundAccountlng Unreslricled fynds are ¥4vailable for use at the dtscretion of Trustees in furtherance of the getTAl obje¢tiv¢s of ¢h¢ Churth. Designaledfunds are unrestricted funds eArn)arked by Trust¢¢s for parti¢ul8r pury)Qse5, Restrictedfyndv are subject to restrictions on their ¢xp¢nditur¢ by the temis on which Trustees solicited donations or by restrictions imposed by thc donor. Income recognition All incoming resourccs arc included in the Statement of Financial Activitie5 (SOFA) when thc charity 18 legally entitled to the incom¢ after any perfomiance conditions have been met, the amount can be measured reliably and it is probable that the income will be r¢c¢iv¢d. For donations to be reco8niscd the charity will have been notified of the amounts and the settlement date in writing. If thcrc are conditions atiach¢d to the donation and thi5 requires a level of perfomiaft¢¢ before enfitlemenl can be obtained then income is deferred until those conditions are 1]Y met or the fulfilment of thos¢ conditions is within the control of the Charity and it is probable that thry will be fiLifilled No amount is included in the financial ststements for volunteer time in line with the SORP. Further detail is given in the Truste¢s' Annual Report. Tncome from trading activities in¢lud¢s incom¢ Camcd from fundraising ¢vents and trading adivitie$ to rai$¢ funds for the charity. Income is received in exchange for supplying goods and SeICeS in order to rais¢ fund5 and is rccow)ised when entidement has occurred. Income from government and other grants arc recognised at fair value when the charity has entitleTn¢nt after any performance conditions have bcen met, it is probable that the incorne will be r¢c¢ived and the aTnount can be mca5ured reliably. If entitlement is not m¢t then these amounts are deferred. Page 8
Broughty Ferry Presbyterian Church Notes to the Financial Statements]or ihe year ended 31 December 2024 Ewndilure recognitio All expenditur¢ 1$ a¢¢ounted for on an accnjals basis artd has been classified under hcadings that aggate all costs related to the category. Expenditure is recognised wheTe there is a legal or constrnctive obligation to make payments to third Parties, it is probable that the settlem¢nL will b¢ required and the amount of the obligation can be measured reliably. li is cat¢gorised under the followtng headings.. Expendityre on charitable activities includes cos¢S incuryed by th¢ chArity in the delivery of its aciivilies and services for its Ixneficiarics. Tt includ¢s both ¢osts that ¢an be alliKated directly to su¢h a¢livities and those cosis of an indir¢¢l natur¢ necessary (0 SUPPOrt them- and Other expenditure tyresents those item5 not falling into the categories abovc. Grants payable to third parties are within the charitabl¢ objectives. Where unconditional grants are offered, this is ac¢tu¢d a& soon as ihe re¢ipi¢nt is noiifi¢d of th¢ gTant, as this gives rise to a r¢asonable expectation that the reeipient will receive the grants. Where grants arc conditional relating to p¢rforn)ance then the ant is only accrned when any unfiilfilled conditions are outside of the control of the charity. CAsh c45h equivqlents Cash at bank and in hand itjcludes cash and short terni highly liquid investments with a short m8tUriry of twelve molltbs or less from the date of acquisition or opening of the deposit or similar acctsunl. Flnancidl inslruments The charity only ha5 financial assets and financial liabilities of a kind that qualify as b1¢ financial instruments. Basic financial instrnments are initially Tcco8ll15ed at tran$tIOn valuc and subsequently measured at their Settlement value. Financial asset8 that are mclsurcd at ¢0St and amortised cost arc 888¢ssed at th¢ end of each reporting petiod for objective evidence of impaimi¢ni. If objectiv¢ evid¢n¢e of impairn)ent 15 found, an impairnient 1055 is r¢cogniscd in th¢ StstemeDt of Financi¥41 Activitie5. For financial assets measured at amortised cost, the impairnieni loss is measured as thc differen¢¢ b¢tw¢en an asset's ¢arrying amount and the present value of estimated cash flows discounted at the asset's original effective InreSI rate. If a financial asset has a variable inter¢si rate, the dis¢ount rate for measuring any impairmen¢ loss 18 the current effective inter&8t rate d¢temiined under th¢ contract. For financi81 assets measured at cost less impairmcnt, the impairment105s is measured as the difference between an asset's carrying amount and best C51imate, which is an approximation of the amount that tbe charity would receive for the asset if it were to be sold at the balance sheet date. Financial ass¢ts and liabilities are offset and the net amount reported in the balan¢e shcel when there is an ¢nforc¢able right tts set off th¢ recognised amounLS and there is an intention lo settle on a net b&sis or to rea]ise the asset and settle the liability simultarteously. Financial assets are derecognised when the contractual rights to the cashflows from the asset expire, or whcn thc charity ha5 transfetred Substantially all the risks and reward5 of own¢rship. Fin8n¢ial liabilTti¢s ar¢ d¢r¢cogni8ed only once the liability has bccn ¢xtinguish¢d through discharge, cancellation or expiry. Debior5 and creditors reL'eivable/p&yAble wilhitt oneyetsr Dcbtors and cr¢ditors with no stated interest rate and receivable or payable within one year are reeorded at transaction price. Any losses artsing from impairment arc recognised in expendinire. Page 9
Broughty Ferry Presbyterian Church Notes to the Financial Statementsfor theyear ended 31 December 2024 Going concern Th¢ financial stat¢mcnts havc bc¢n prepared on a going conccrn basis as the trnstees believe that no material uncertainties ex2St. The trnstecs have ¢onsider¢d th¢ l¢v¢l of fijnds held and the expected level of income and expenditure for 12 months from authorising these financial 5tat¢ments. The budgefed in¢ome and expcnditure is sutTicient wittL the level of reserves for the charity to be able to continu¢ as a goiog concern. Penslons Employees of the chatity are entitled to jotn a dered contributs'on pension scheme. Thc costs of the defined contribution scheme are included within ¢haritabl¢ expendire. Pag¢ 10
Broughty Ferry Presbyterain Church Notes to the Flnancial Statements for the year ended 31 December 2024 3. Donations #nd Legacle8 Tot41 Fullds 21124 Totsl Funds 2023 Reitated Unrestricted Design%ted FwDd$ Funds Restrirted Funds Standirtg orders and one off Gifts Other donation Income Exceptiottal donations Gift Aid recovered Grants and loan5 Sundry Income 50.531 14,858 2,873 12.960 809 82,043 1,309 95,000 17,996 15,000 133.383 16,167 98.873 30,956 15,000 79 92.544 13,859 6.404 18.259 1,000 79 654 81 211 131.720 TotAI Funds 21123 Reitated Unrestrl¢ted Desl£nated Funds Funds Restrleted Funds Standing ord¢rs and on¢ off Gifts Other donation Income Ex¢eptional donations Gift Aid recovered Sundry In¢om¢ 50,640 13.854 404 14.381 654 41,904 92.544 13.8S9 6.404 18.259 654 1,000 5,000 3.878 131720 4. Income from Invegtments Totil Fun 2024 Tot&l Fundi 2023 ReJt*t¢d Unregtrlcted Funds Deslgn4ted Funds Re5trlcted Fund8 Bank intere$t 2,294 2,294 2294 2,294 Pa8ell
Brou Fer Presb terain Church Notes to the Financial Statements for the year ended 31 December 2024 S. AU*]yS of Exp¢nditure TotAI Funds 2024 Tot81 Funds 2023 Restated Unregtrleted Fund$ Deslgnated Fund Restrfcted Funds Charftable ExPendIre Free Church of Scotland r¢mittanc¢s Bookkeeper salaries Minister supplem¢nt Ministers Nl Minister5 employer pension Ministers Housing allowance Ministcrs Nl on housing allowance Youth worker Salary, NI & pension Free Churth admin char8e Minisiers expenses Youth Worker expenses Prop¢rty r¢ntsls St Vin¢cnt Street Donations and gifts Building attd equipmeni costs Exceptional items BF Presbyterian Church Trust. Brook Utilities the Brook Outrcach Preaching fees Insurancc Office Sunthi¢s Teaching Materi81$ Development furtd paymertts Independent Examination 50,712 5,051 2.500 345 250 7.500 1.035 50,712 5.051 2,500 345 250 7,500 ,035 36,968 180 1,859 462 3,860 6,496 3,419 8,350 6,000 2,615 1,998 399 319 133 931 48.250 4,052 2,708 374 271 8.l25 36,968 55 20,933 165 2,184 2,173 3,270 4.636 2,904 896 6,000 1,858 1,329 125 1,859 462 500 3.360 6,496 1.379 2.772 6,000 2.615 1,006 399 319 93 695 2.040 5,578 992 384 492 992 125 1,212 114.454 40 236 1.980 1,980 143 46 871 61 P8ge12
Brou hty Ferry Pre5b terain Church NDteJ to the Financial Statements for the year ended 31 December 2024 5. ATrAlysls of Expendlture {eont'd) Cbarltlble Expendlture TotAI Funds 2023 Restited Unr¢$trl¢t¢d Funds D¢sigDated Fundi Reltricted Funds Free Chureh of Scotland remittances Bookkeeper salaries Minister supplemettt Ministers Nl Ministers employer p¢n5ion Ministers Housing allowattce Ministers Nl on housing allowance Youth worker Salary. NI & pcn5ion Free Church admin d)arge Ministers expenses Youth Worker expen5e5 Property r¢nta15 St VinccnL Street Donations and gifts BuildÈn8 and equipm¢n¢ costs Ex¢cptional it¢mB BF Pr¢$bytcrian ChuKh TrusL Brook Utilities the Brook Outreach Insurance Offiec Sundries Teaching Materials Development fund ents Indepcndcnt Examination 48.250 4,052 2.708 374 271 8.125 1.121 48.250 4.052 2,708 374 271 8.125 1.121 20.933 165 2,184 2,173 3,270 4,636 2.904 896 20,933 35 130 2,184 2.173 3,270 4,636 2,021 896 6,000 1.858 1,012 384 492 552 125 1212 883 1,858 1,329 384 492 992 125 1,212 114454 317 440 Page 13
Broughty Ferry Presbyterain Church Notes to the Ffinancial Statements for the year ended 31 December 2024 6. Anlys15 of StAff Co$ti Total 2024 Totsl 2023 Restated Salaries- Rev Alberto de Paula Sal&Ties- Youth worker Salaries- bookkeeper Pension- Minister P¢nsion- Youth worker Head Offlce payroll Charge 11,380 33.880 5.051 250 3.088 180 12,328 19,183 4,052 271 1,750 165 No employee had employee benefit8 in ¢x¢es8 of £60,O¢M) (2023.. £nil). The averdge number of employees during ¢he year was 3 (2023.. 3). 7. Don&tloni and El Total 2024 Tot#1 2023 Restiitd 352 2,QOO 804 200 200 500 Compassion FA¥le5 Wing Trukt Comfort International Loch8ilphead Free Church Burghhead Free Church Hope Churrh, Aiud, Roll11a Blyth5wood l Ukraine Scripture Uttion Dundee Evan8eli¢41 Christian A5SOOCiOtion Cumb¢rn&uld Frce Chuich INdlvldu41s.' Caroline White Glfis.. Prize Giving Gifts Other 8ifts <£100 10 support SU camp attendance 384 2.000 550 S(N) 385 2,000 30 2CK) 500 247 200 6A96 80 8. GoYernnct cost¥ Total Fttnds 2024 Total Furyds 2023 Rest•ted Unrestrleted Fundi De$l%n%ted Fund$ Re5trlcted Fundj IMdepEndent exxrnlnation 1,980 1,980 1,212 Page 14
Broughty Ferry Presbyterain Church Notes to the Flnancial Statements for the yegr ended 31 December 2024 9. Ahalysls of Debtors Total Fund5 2024 Total Funds 2923 Re5txted Unre$trl¢t Funds DeslgnAted Funds Restrlcted Funds GRft aid debr Prepeyments ond accrued income 3,760 549 12,569 16,329 549 3,808 496 10. Atsalysl$ of current labllltles #nd lonff term crtdltors Unre8trlcted Ihglgnated Fund$ Total Fund5 2024 Tot•1 Fynd• 2023 Re•tAted Rutrlcted Due wlthlA l y¢r ATual& Staff costs 2.560 1,468 2,560 4,613 1,448 3,145 I l. Analy0 of Net Aliets Between Tfjtl FuTrds 2024 Unr¢$trl¢t¢d IksJgn8ted Funds ReJtrl¢ted FuDd$ CUent Ass¢ts Curreni Liabilities 33,947 (4.028) 2,809 251238 (3.145) 248,093 287,994 (7,173) 2811.821 Net Asiets 81 Jlt 31 December 2024 Tot41 Funds 2023 R¢st*t Unrestrlcted Fundi Deil%nated Funds Restritted Fundi CutTertt Assets Cutrcnt LiabilitLC5 128,879 (1,448) 127 431 128,879 {1.448) 127 431 Net Assets AS at 31 December 21123 Page IS
Broughty Ferry Pre5byterain Church Notes to the Financial Statements for the year ended 31 December 2024 12. Movement In Fund$ As&t 01.01.2024 Incomlng Resourc¢i OutgolnK Resource& Aiat 31.12.2024 Transfers Rt5tricted Funds Bill & N¢5si¢ Watson Fund Youth Developement Fund Property Fund 35.970 47,646 (734) (40,6261 (5,5111 46 71 35236 39,449 173.408 32.429 178,919 211348 24&093 Unrestrl¢td Funds General al Ltgacy Fund 42,815 83.595 196,491) 29,919 1,000 1,809 2,809 09 85.404 TotAI Fun 127431 296.752 143J02 280 821 12. Movement In Fundi (£ont'd) Asai 01.01.2023 RestAted Ineomlng R¢sour¢ex Restated Outgolng Resourtel Restated As#t 31.12.2023 Reitattd TrAn•fers Restated R¢itrlet¢d Futtd$ Bill & N¢5si¢ Watson Fund Youth Developement Fund 37,610 20.000 11,640) (23,1411 35,970 47.646 50,787 UDre$trlctd Fund8 General 52,555 79,933 189,673) 42,815 Legacy Fund 1,000 1,000 Total Fundi 110 165 114.454 127 Page 16
Brough Fer Presbyterain Church Notes to the Flnancial Statements for the year ended 31 December 2024 Expl4n¢liwi offwmds The Generol Fund encornpa5ses all income tnd expenditure reJfytirt8 to the primary focu5 activities of th¢ ¢h4rity, othcr th0 forwhi¢h fulldin8 18 r¢sthetoJ. Thv Lv¥aiy was LTfUtrd asi¢Jr l¢¥oLy dLYLatsvns tbil tli¢y ¢owi b¢ ub 1r1¥ puIpv&G$ iaiher than 5iTnply bc of Lli¢ g¢n¢rthl ¢xpen41sturv. AIIoLation of the Lew&Lry lulld will b¥ for 5Lif1L Lapithl works and puhas¢S ad by Ihe Finanace ComDitt¢e. The Yoih Development Fund encompas8¢s all ift¢ornr and cxp¢nditur¢ r¢latin8 to the youth worker. which the ¢huTch ernployed in June 2023. The Bill ** Me.EYie Wol,rnn Fupjd TepTe%ent% llds dcmsted b In Nessie's memory, in nrder to facilitate the purchase of the following items and eqiiipment. ai attd when needed for the benefit of the Church xThd con8reB#lioth'. iidio visual projection and recordin8 equipn)enl', Cornputer Rnd Ancillary equipment,. internet connections installed in the Church. teaching equipmcnt arnd mEteri&ls for use of the Sun&y School. Bible Class and oth¢r youth work. cuttaitts for th¢ mAirt windowx at the Chiirch Premises. The Propety Fund was ¢rt8¢¢d fL)r the puOse& of buying and devloping a new church buildin& 13. ReitAtement Of CornprAtfv We havc tated Ihe fi8ure5 for 2023 as the Chairtyhos changed iLsaeeountinB policy ind 0pted the Acctuats accounting m¢thod in the current year. Total Funds 21123 Unrestrltled Fund$ Deslgnated Funds Rellrlfted Fundi B8lan¢e at 31 De¢ember 2023 las previou$ly oted) income 46 debtors 2023 ¢xpcnditure as croditor 2Q23 Rcclasyification of Youth 8nd D¢v¢lopm¢nt fund 40,838 3,397 (1,4201 47.739 35,998 907 128) 46,739 124,575 4,304 (1.448) (46.7391 B#laRce a5 at 31 Dercrnb¢r 2023 (as reltited) 42015 1,000 13.610 127831 14. Related Prty TrnrtxAetloR$ Broughty F¢Y Presbyterian Church r¢v¢ived a gift of £85,000 (2023: £nill, from Brought Ferry Presbyterian chUh Trust. towards the putpose of bu)ing an4 d¢vclopinga chuTch building. Page 17