OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

REGISTERED CHARITY NUMBER: SC045431

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

THE HIGH FREE CHURCH STORNOWAY

Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HSI 2JF

THE HIGH FREE CHURCH STORNOWAY

Contents of the Financial Statements for the Year Ended 31 December 2024

Page
Report of the Trustees ] to4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to16
Detailed Statement of Financial Activities 17 to18

THE HIGH FREE CHURCH STORNOWAY

Report of the Trustees for the Year Ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS l02) (effective l January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The High Free Church of Scotland is a congregation of the Free Church of Scotland working towards the common aims set out below. 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 document is available on request from the Free Church of Scotland, 15 North Bank St., The Mound, Edinburgh, EH I 2LS.

The Free Church of Scotland currently has over 100 congregations in Scotland, as well as one in London and four in North America, and sister Churches founded by mission work in India, Peru and South Africa. The Church also has a seminary in Edinburgh for the training of ministers and other Christian workers and sustains an extensive missionary programme relative to the size of the church. The principal activity of the Church is the conduct of public worship and associated matters in the context of local congregations.

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 in its internal affairs. It has close and active relations with many other Reformed churches of Jesus Christ throughout the world and stands firmly in the tradition which accep1s the Bible in its entirety as the Word of God and, therefore, derives its forms of teaching, worship, ministry and government from it. 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 High Free Church Stornoway came into being in 2014 as an Associate Congregation within the Western Isles Presbytery of the Free Church after the congregation dissociated from the Church of Scotland. The congregation is authorised by the Church to have a minister paid from central funds of the Church and the Rev Hugh Ferrier was inducted to the charge of the congregation in November 2015. The congregation owns a Manse but does not own a Church building.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The congregation meets for Sunday morning services in Sandwick Hall and in the Seminary on Francis Street for Sunday evening services. Weekly prayer meetings are held on Tuesdays and Thursdays in the Faille Centre, Bayhead. The weekly Saturday prayer meeting is held online and also in person for one week per month in the Faille Centre. Both Sunday services and the Tuesday prayer meeting are live streamed for those unable to attend in person. In person attendance at services and prayer meetings continues to be strong.

The congregation supports several ministries including the Sunday school, youth fellowship, ladies' prayer group, home bible study groups, a parent and toddler group, a brunch ministry, and an over 55s group. There were several outreach activities including praise evenings, carol services, family services, and distribution of devotional booklets throughout the year.

The congregation continues to give sacrificially, something the Deacons' Court acknowledge and are extremely thankful for. The congregation and Deacons' Court continue to wait upon the Lord's guidance with hope and faith that the provision of a building will come in His timing and will.

The congregation continued its commitment to support the National Free Church of Scotland both spiritually and financial\ y.

Page 1

THE HIGH FREE CHURCH STORNOWAY

Report of the Trustees for the Year Ended 31 December 2024

FINANCIAL REVIEW

Financial position

As a result of the business of the year the church held net current assets amounting to £1,050,194 (2023 - £955,761) at the year end. That consisted of a General Fund amounting to £52,498 (2023 - £34,279), Designated Building Fund of £371,215 (2023 -£371,947) and Restricted Funds amounting to £626,481 (2023 - £549,535).

The church also owns the manse property at a cost of £215,000, financed by £85,000 from the Designated Building Fund and £130,000 from the Restricted Building Fund.

The cash savings for the Building Project, between the Designated Building Fund and Restricted Building Fund at the year end were £990,187 (2023 - £915,315).

The trustees are satisfied with the level of reserves retained by the charity.

Explanation of funds

Unrestricted funds

The General fund encompasses all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted. As finances allow, amounts are transferred from the General Fund to supplement the Building Fund.

The Designated Building fund is used to account for unrestricted funds designate by the trustees to supplement the Building Fund, as noted above.

Restricted funds

The Building fund exists as a vehicle to raise money to pay for a Church building. The is a long-term project following on from the purchase of the Manse during 2016.

The Missionary fund, consisting of donations collected at the three weekly prayer meetings, is used to support a number of Missionary organisations with which the Church has regular contact. In addition the Church makes a donation to the central mission funds of the Free Church.

The Sunday School fund provides for all the needs of the children attending Sunday School.

The Benevolent fund provides support for members of the congregation that may be in need of a little assistance.

The Specific Gifts fund is used to account for specific offerings and donations received from the congregation, restricted for distributing to other bodies.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Status of Charity and Governing Document

The High Free Church Stornoway Free Church of Scotland is established by Constitution. It is a registered Scottish Charity (No. SC04543 l) and is part of the Free Church denomination (registered Charity Number SC0l 2925).

Trustees and Office Bearers

The congregation is governed and administered by elected office bearers (all volunteers) and its minister. The Kirk Session, being the minister and elected elders, has responsibility for spiritual oversight, while the Deacons' Court, composed of Kirk Session members plus elected deacons, oversees financial and property matters. Under Charity Law, the Deacons' Court are deemed to be the trustees of the congregation as those with responsibility for day to day management and control. This is distinct from the role of property (congregational) trustees who are responsible only for holding property in trust.

Appointment of Charity Trustees

The Kirk Session exercises its discretion in determining 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 term 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. As part of their induction programme, new Trustees are required to understand their statutory responsibilities as well as the responsibilities of their office within the congregation as elder or deacon.

Page 2

THE HtGH TrIiEE cH[￿icH STORIIOWAY Report or the Tru$tees for the Ytgy Ended 31 De¢tmber 2024 REFERENCE AIW ADM[%uSTRATII￿ DETAILS The of the Deacons, Court (the Trustee51. who served thiag the year iocluding Deacons appointed aj resigned during tbe course of the year. were as follow5:. C'oiigi'f uatioiial TLlI.%tce FOI holding Property - {conwgatiollalTreas￿a J. 11 jii i .1: i biii'ch Addres5 tJiiaiL Session Clei'k C'lei'k lo Tlie D¢wcon$' Couit C 0]]￿l.e￿¥￿t1oll￿I Tregsurer B4llktr5 B3J]k of Scotland The Direct Busines5 {802260) PO Box l(K)O BX21LB Pa8e 3

THE HtGH FREE CHURCH STOILYOWAY Repoi't or the Tru$tees for tbc Ycai. Ended 31 Dcrtmbci. 2024 Head Office Address Fiee Church of Seotlalld The Mound Edinbur8 EHI 2LS Solicitors B8lfoiw& Manson 54-66 Fr¢d¢ri¢k Sl Edinknwgh EH21LS STATEME￿￿ OF TRUSTEES, RESPONSIBILr￿s The tr￿tee5 are responsible foI prepa[￿g the Report of the Trustees and the financ￿1 Staten￿lts in acci)rdance with appbcable law and United Kingdo￿AcCoUnting Stalldards Iunited K￿8d0￿ Generalty Accepted Accoiititllls Prdeticel. The law applicable to eljarities in Scoilan(L the Cljarities al￿ Tr￿tee ]￿￿eStInent (Scotland) Aet 2(X)5. Charities Accoullts (Seotlat)d) Re8uLations 21X)O (as atnendedl and tbe PI￿l￿OnS of tbe clJllitys Constitutio￿ requires the t￿￿teeS io prepare fllut)cial slaiejnenis for each f￿￿]Cial year ￿'hiCh 8ii'e a trne and fair iiew of the stste of affairs of tlie charity and of the inco]nitJ8 resOL￿ceS and application of resoilrces. incllldin8 th¢ in¢om¢ and exp¢nditur& of the chatity foi that peti(KJ. tll pi¢pating those fulancial stat¢llieILls. the tr￿St￿S ate i¢quired to select siutable accoiulting y)licies and then apply them coD5iStently,' ob5etYe the metbods and principles ill tbe Charity SORP: ake ji￿ge￿]ents alldeSt1n￿tes that aTe reasonable alld pnthii.. prepare the financial 5tatema&ts on the going concern basis uDless it is illappropriate to p￿Sume that the thty will Contini￿ in bUS￿e$S. The trllstees aTe re5W)￿s1b1e for keq)in8 prop￿ acco￿ting recoThJs ￿hle￿L disclose with reasollable aceurw at time the finallcial positionof the tharityand to enablethemto ensure that the fjnallcial state￿e￿S con]ply with the Cknarities alld frnstee lllNestn)ent (Scotland) Aet 2005. the ch￿￿tieS Aecoullts (Scotland) Re8lllations 2006 (as axnended) and the proiisioxjs of tlie djaritys constitution. They are a]so rewitsible for safe8uarditi8 the assets of ttie charity and hence for takin8 reasonable steps for theprevelltion 2nd &tectioxi of fr3lld and other irre8uiarAties. Page4

Independent Examiner's Report to the Trustees of The High Free Church Stornoway

I report on the accounts for the year ended 31 December 2024 set out on pages six to sixteen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the tenns of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44( I )(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) 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 seeking explanations from you as trustees 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 connection with my examination, no matter has come to my attention :

to keep accounting records in accordance with Section 44(J)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

The Institute of Chartered Accountants in England and Wales

Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HSI 2JF

20 August 2025

Page 5

THE HIGH FREE CHURCH STORNOWAY

Statement of Financial Activities for the Year Ended 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
Charitable activities
Central funds
Ministry costs
5
Premises costs
Grants and donations
Other charitable activities
Governance costs
Total
NET INCOME
Transfers between funds
13
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
123,061
3,424
3,755
130,240
838
60,550
8,183
22,269
3,899
12,843
1,086
109,668
20,572
(3,085)
17,487
491,226		 Unrestricted
funds
£
123,061
3,424
3,755
130,240
838
60,550
8,183
22,269
3,899
12,843
1,086
109,668
20,572
(3,085)
17,487
491,226		 31.12.24
31.12.23
Restricted
Total
Total
funds
funds
funds
£
£
£
76,695
199,756
223,789
15,761
19,185
4,253
-
3,755
92,456
222,696
�042
-
838
1,291
-
-
60,550
8,183
55,450
7,146
-
22,269
22,508
17,750
21,649
27,556
845
-
13,688
1,086
20,141
1014
18,595
�263
--135,106
73,861
94,433
92,936
li085
76,946
94,433
92,936
679,535
I,170,761
1,077,825
756,481
1,265,194
�761
508,713

The notes form part of these financial statements

Page6

THE HIGH FREE CHURCH STORNOWAY

Balance Sheet 31 December 2024

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
85,000
3,659
422,199
425,858
(2,145)		 Unrestricted
funds
£
85,000
3,659
422,199
425,858
(2,145)		 Restricted
funds
£
130,000
3,624
622,857
626,481
-		 31.12.24
31.12.23
Total
Total
funds
funds
£
£
215,000
215,000
7,283
7,512
1,045,056
�185
1,052,339
956,697
(2,145)
(936)
1,050,194
..9??,761
1,265,194
I,170,761
1,265,194
l,!7(),761
508,713
491,226
756,481
�535
1,265,19�
1,170,761
423,713
508,713
-
508,713		 626,481
756,481
756,481

The financial statements were approved by the Board of Trustees and authorised for issue on 20 August 2025 and were signed on its behalf by:

The notes form part of these financial statements

Page 7

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements for the Year Ended 31 December 2024

I. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS I02) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided

Expenditure on equipment under £1,000 is not capitalised but treated as an expense during the year incurred.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at th � discretion of the tru.stees.

• ; ., .. t • •

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 8

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Offerings and donations
105,962
Gift aid
17,099
Grants
-
123,061
Grants received, included in the above, are as follows:
The EpaphrasTrust
3.
OTHER TRADING ACTIVITIES
Unrestricted
funds
£
Fundraising events
3,051
Magazines
373
Miscellaneous income
Sunday School income
-
Mission & Special Collections
--
3,424
4.
INVESTMENT INCOME
Unrestricted
funds
£
Deposit account interest
3,755
s.
Central funds
60,550
Ministry costs
8,183
Premises costs
22,269
Grants and donations
Other charitable activities
13,036
Governance costs
1,086
105,124
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£		 Restricted
funds
£
65,565
11,130
-
_.7..6.,,695
Restricted
funds
£
120
-
-
265
15,376
15,761
Restricted
funds
£
=
-
-
-
-
21,649
-
~~-~~
1_L649
Grant
funding of
activities
(see note
7)
£		 31.12.24
31.12.23
Total
Total
funds
funds
£
£
171,527
186,903
28,229
31,886
-
5!000
199�756
223,789
31.12.24
31.12.23
£
£
---
5,000
31.12.24
3 l.12.23
Total
Total
funds
funds
£
£
3,171
1,363
373
460
1,670
265
760
15,376
I9,185
=4,253
31.12.24
31.12.23
Total
Total
funds
funds
£
£
=3,755
60,550
8,183
-
22,269
-
21,649
652
13,688
-
1,086
652
127,425
Support
costs
Totals
£
£

continued...

Page 9

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

6. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.24 31.12.23
£ £
Remittances to Central funds 60,550 55,450
Pulpit Supply & Communion Exps l,933 896
Presbytery dues 1,273 1,776
Equipment and stationery 671 834
Premises rental 12,605 14,431
Insurance 860 825
Manse running costs 8,804 6,737
Youth Work 2,800
Accountancy 1,086 1,014
Gift Aid charges 684 392
Bank Charges 87
Sundry Expenses 1,128 1,193
Magazine costs 707 545
Teaching & training materials 924
CCLI Licence 517
Architect & planning fees - 10,114
Minister's supplement 6,250 6,250
Repairs & renewals - 515
Sunday School resources 735 936
Zoom costs 701 168
Catering costs 2,059 3,562
Congregational trips & outings 750
105,124 105,638
7. GRANTS PAYABLE
31.12.24 31.12.23
£ £
Grants and donations 21,649 27,556

continued...

Page 10

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. GRANTS PAYABLE - continued

The total grants paid to institutions during the year was as follows:

GRANTS PAYABLE-continued
The total grants paid to institutions during the year was as follows:
31.12.24 31.12.23
£ £
European M Fellowship 1,500 1,500
Overseas M Fellowship 1,250
Slavic Gospel Association 1,500 1,500
Faith Mission 1,500 1,500
Steadfast Global 1,500 1,500
The Gambia Partnership 1,500 1,500
The Cheptebo Centre - 700
Moldova 2,200 2,550
Children for Christ 500 500
Platform 67 1,500
God Is Good Africa 1,000 700
Hebrides Alpha 500 500
The Failte Centre 1,000
Blythswood Care 500 500
The Presha] Trust 500
Free Church Youth Camps - 3,600
Burghead FC
Lochgilphead Free Church		 -
�		 1,000
1,000
Leith Hope Free Church - 1,000
Presbytery Youth & Discipleship Fund - 500
South Harris Free Church 1,000
Cumbemauld Free Church 500
Durinish FC 500
Presbytery of Skye 1,500
Alcholics Anonymous 149
(Chetebo Training Centre in Kenya) 1,000
St Columbas Free Church 500
---
=19,599 22,050
The total grants paid to individuals during the year was as follows:
31.12.24 31.12.23
£ £
Other grants and donations 1,750 3,956
Overseas M Fellowship 1,250
OM (
)		 300 300
2,050 5,506

continued...

Page 11

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. TRUSTEES' REMUNERATION AND BENEFITS

The minister was paid a supplement of £6,250 (2023 - £6,250), administered along with the stipend of The Free Church of Scotland centrally.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
124,612
Other trading activities
3,493
Total
128,105
EXPENDITURE ON
Raising funds
1,291
Charitable activities
Central funds
55,450
Ministry costs
7,146
Premises costs
22,508
Grants and donations
9,056
Other charitable activities
9,743
Governancecosts
1,014
Total
106,208
NET INCOME
21,897
Transfers between funds
(196)
Net movementinfunds
21,701
RECONCILIATION OF FUNDS
Total funds brought forward
469,525
TOTAL FUNDS CARRIED FORWARD
491,226		 Restricted
Total
funds
funds
£
£
99,177
223,789
760
�253
99,937
�042
-
1,291
-
55,450
-
7,146
-
22,508
18,500
27,556
10,398
20,141
-____h014
28,898
�106
71,039
92,936
196
71,235
92,936
608,300
1,077,825
679.535 �761

continued...

Page 12

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

10. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At I January 2024 and 31 December 2024 215!000
NET BOOK VALUE
At 3 I December 2024 215:000
At 3 I December 2023 215poo

The manse was surveyed during 2024 and valued at £270,000. This uplift is not reflected in the accounts.

II. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Other debtors 300
Gift aid debtor 6,983 7,512
7,283 7,512
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Accrued expenses 2,145 936

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13. MOVEMENT IN FUNDS

At 1.1.24
£
Unrestricted funds
General fund
34,279
Designated Building Fund
456,947
491,226
Restricted funds
Building fund
676,994
Missionary fund
458
Sunday School fund
1,728
Benevolent fund
355
679,535
TOTAL FUNDS
1,170,761		 Net
movement
in funds
£
21,304
(732)
20,572
74,945
(553)
(53 I)
-		 Transfers
between
At
funds
31.12.24
£
£
(3,085)
52,498
-
�215
(3,085)
508,713
-
751,939
3,085
2,990
-
1,197
355
----1.t085
�481
-
1,265,194
73,861
------2±z433

continued...

Page 13

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Building Fund
Restricted funds
Incoming
resources
£
130,972
(732)
130,240
Building fund
74,945
Missionary fund
17,197
Sunday School fund
314
92,456
TOTAL FUNDS
222,696		 Resources
Movement
expended
in funds
£
£
(109,668)
21,304
-
(732)
(109,668)
20,572
-
74,945
(17,750)
(553)
(845)
(531)
(18,595)
TI_.861
il28,263)
�433

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Building Fund
Restricted funds
Building fund
Missionary fund
Sunday School fund
Benevolent fund
TOTAL FUNDS		 At l. l.23
£
46,829
422,696
469,525
605,981
332
1,792
195		 Net
Transfers
movement
between
in funds
funds
£
£
18,266
(30,816)
3,631
30,620
21,897
(196)
71,013
-
(70)
196
(64)
-
160
-
71,039
196
92!936
-		 At
3 l.12.23
£
34,279
�947
491,226
676,994
458

1,728
355
�535
1,170!761
608,300
1,077,825

continued...

Page 14

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Building Fund
Restricted funds
Building fund
Missionary fund
Sunday School fund
Benevolent fund
TOTAL FUNDS		 Incoming
resources
£
124,474
3,631
128,105
80,395
18,430
952
160
99,937
228,042		 Resources
expended
£
Movement
in funds
£
(106,208)
18,266
---1.t631
(106,208)
21,897
(9,382)
71,013
(18,500)
(70)
(1,016)
(64)
-
160
(28,898)
'7]_,_0J9
!135,106)
92,936

A current year 12 months and prior year 12 months combined position is as follows:

At l.l.23
£
Unrestricted funds
General fund
46,829
Designated Building Fund
422,696
469,525
Restricted funds
Building fund
605,981
Missionary fund
332
Sunday School fund
1,792
Benevolent fund
195
608,300
TOTAL FUNDS
1,077,825		 Net
Transfers
movement
between
At
in funds
funds
31.12.24
£
£
£
39,570
(33,901)
52,498
1,899
30,620
-�56,215
42,469
(3,281)
508,713
145,958
751,939
(623)
3,281
2,990
(595)
-
1,197
160
-
355
144,900
3,281
�481
187,369
-
1,265,194		 At
31.12.24
£
52,498
-�56,215

continued...

Page 15

THE HIGH FREE CHURCH STORNOWAY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:


as follows:
Incoming
resources
£
Unrestricted funds
General fund
255,446
Designated Building Fund
2,899
258,345
Restricted funds
Building fund
155,340
Missionary fund
35,627
Sunday School fund
1,266
Benevolent fund
160
192,393
TOTAL FUNDS
450,738		 Resources
Movement
expended
in funds
£
£
(215,876)
39,570
-
_b899
(215,876)
42,469
(9,382)
145,958
(36,250)
(623)
(1,861)
(595)
-
160
(47,493)
(263,369)		 144,900
187,369

14. RELATED PARTY DISCLOSURES

Relevant details are disclosed in the "Trustees' Remuneration And Benefits" note.

Page 16

THE HIGH FREE CHURCH STORNOWAY

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

Unrestricted
funds
£
INCOME AND ENDOWMENTS
Donations and legacies
Offerings and donations
105,962
Gift aid
17,099
Grants
-
123,061
Other trading activities
Fundraising events
3,051
Magazines
373
Miscellaneous income
-
Sunday School income
-
Mission & Special Collections
-
3,424
Investment income
Deposit account interest
3,755
Total incoming resources
130,240
EXPENDITURE
Raising donations and legacies
Fundraising costs
838
Charitable activities
Remittances to Central funds
60,550
Pulpit Supply & Communion Expenses
1,933
Presbytery dues
1,273
Equipment and stationery
671
Premises rental
12,605
Insurance
860
Manse running costs
8,804
Youth Work
2,800
Accountancy
1,086
Gift Aid charges
684
Bank Charges
87
Sundry Expenses
1,018
Magazine costs
707
Teaching & training materials
924
CCLI Licence
Architect & planning fees
Minister's supplement
Repairs & renewals
517
-
6,250
-
Carried forward
100,769		 31.12.24
31.12.23
Restricted
Total
Total
funds
funds
funds
£
£
£
65,565
171,527
186,903
11,130
28,229
31,886
-
\000
76,695
199,756
223,789
120
3,171
1,363
-
373
460
-
-
1,670
265
265
760
�376
15,376
15,761
19, I 85
4,253
-
li155
92,456
222,696
228,042
838
1,291
-
60,550
55,450
1,933
896
-
1,273
1,776
671
834
12,605
14,431
860
825
8,804
6,737
2,800
-
1,086
1,014
-
684
392
87
110
1,128
1,193
707
545
-
924
-
-
517
6,250
-
10,114
6,250
515
110
I00,879
100,972

This page does not form part of the statutory financial statements

Page 17

. .

THE HIGH FREE CHURCH STORNOWAY

Detailed Statement of Financial Activities Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
31.12.24 31.12.23
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Charitable activities
Brought forward l00,769 110 100,879 100,972
Sunday School resources - 735 735 936
Zoom costs 701 - 701 168
Catering costs 2,059 - 2,059 3,562
Congregational trips & outings 750 - 750
Grants to institutions 2,149 17,450 19,599 22,050
Grants/Donation to individuals 1,750 300 2,050 ------------- 2z506
108,178 18,595 126,773 133,194
Support costs
Management
Audio ministry 652 - 652 621
Total resources expended 109,668 18,595 128,263..............llit106
Net income 20,572 73,861 94,433 _2b.936

This page does not form part of the statutory financial statements

Page 18