**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$tees for tbc Ycai. Ended 31 Dcrtmbci. 2024 Head Office Address Fiee Church of Seotlalld The Mound Edinbur8 EHI 2LS Solicitors B8lfoiw& Manson 54-66 Fr¢d¢ri¢k Sl Edinknwgh EH21LS STATEME￿￿ OF TRUSTEES, RESPONSIBILr￿s The tr￿tee5 are responsible foI prepa[￿g the Report of the Trustees and the financ￿1 Staten￿lts in acci)rdance with appbcable law and United Kingdo￿AcCoUnting Stalldards Iunited K￿8d0￿ Generalty Accepted Accoiititllls Prdeticel. The law applicable to eljarities in Scoilan(L the Cljarities al￿ Tr￿tee ]￿￿eStInent (Scotland) Aet 2(X)5. Charities Accoullts (Seotlat)d) Re8uLations 21X)O (as atnendedl and tbe PI￿l￿OnS of tbe clJ*llitys Constitutio￿ requires the t￿￿teeS io prepare fllut)cial slaiejnenis for each f￿￿]Cial year ￿'hiCh 8ii'e a trne and fair iiew of the stste of affairs of tlie charity and of the inco]nitJ8 resOL￿ceS and application of resoilrces. incllldin8 th¢ in¢om¢ and exp¢nditur& of the chatity foi that peti(KJ. tll pi¢pating those fulancial stat¢llieILls. the tr￿St￿S ate i¢quired to select siutable accoiulting y)licies and then apply them coD5iStently,' ob5etYe the metbods and principles ill tbe Charity SORP: ake ji￿ge￿]ents alldeSt1n￿tes that aTe reasonable alld pnthii.. prepare the financial 5tatema&ts on the going concern basis uDless it is illappropriate to p￿Sume that the thty will Contini￿ in bUS￿e$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 : - (I) which gives me reasonable cause to believe that, in any material respect, the requirements 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 - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be 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 movement**in**funds**
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