Scoitish CIMDI"ty No. SC047937 Grace Church Orkney Scottish Charitable Incon)orated Organisation (SCIO) Trustees, Report and FinancAal Siatements Year ended 31 March 2025 |+P Innes & Partners
Grace Church Orkney CoDtents tbE FinandAI Statementsforyear ended3J March 2025 Page Re)rt of th¢ TNslees Report of the IndepelldeDt Examiner Receipts and Payinents Account Ststcmcnl of Balanc¢8 Notu lo the Financial Statements
Grace Church Orkney Report of the Tru$teesfor rheyear ended 31 March 202J The Trustees are pleased to pttscnt their report wgether with the financial statements of the Chatity for the year ended 31 March 2025. Status of Charlty 4nd Governlng Document Grace Church Orkney, forn)ed in November 2017 15 an FtEC-approvcd church plant and Scottish Charitsble Incorporai¢d Organisation (SCIO). The Church is a Tc¥iSred S¢uiiish Charity (No. SC047937). Or%anlsdonal Strncture Th¢ church operaks in Stromncss, Orkney and is independwLI of any aifiliation. Its tn15t¢es are its elders who meet regularly io s¢1 poli¢y. review aaivities and to monitor Ihe fall¢l41 position. Alms and AfflllllDII The PTincipdl obj¢Lliv¥ of the church is to advance the ChTiStian faith. Trustee8 and Offl¢e BeArer$ Thc Tnislees whi) 4erwed diiring the yeor and tf) the d*t¢ of this report are as set out b¢low-. Appointnient of .1 ruslees As vacancies arise the exisrin8 elders may invite one or more church m¢mb¢rs to join the eldership and thus become tnjstees. The constitution stipulate5 & minimum of three ttustees. All appointmcnL% of elders {trustees} are sut)jeet to the 8ppfnvAI af the church membership. All trustees would have setved in the church in various roles and would be familiar with the church's va]ues, its aims and objectives. constitution Y4nd fin#nLial situation well as ILS day-to-day operations. As part of th¢ induction programme, new elders and deacons are required to undcrstand thcir st8Ntory responsibilities. Achlevements and Performan¢e We are grdte(ul Iu Siill k able to contlDue to serve our community with the ¥Ol+pxI. W¢¢k to week we hold Sunday evening woyship at th¢ Hall with somewhere between 15 and 25 suallY attending. In February 2025 wr switih¢d from 5pm to I1.30arn after a decision made at the November 2024 members mccting. We hold a midwcek m¢eiing for prayer on Zoom or Bible study in person. We have beetl having a PraL5¢ evetling once a month in Stenness with other w¢8t mainland churches simply singing worship songs and reading from th¢ s¢ripkns. Attendance at tbat varies from 2040 0p7¢. As at 311312.5. 1)Iir IiiLiiihtrr.%hip numbers 14 wilh 6 added iri the last 12 munilis ()ne ba pastor. through our new partnership with 20scbtFlleg niinistrv Miiil women's wurkLr. Rbi¥ni gcnerous donation5 have allowed us to add s intcm% aiid tu Ihc membership too but the church does not employ any of the5C, their contracts are with 2Dschemes ministsy. In addition, Ihank5 to a very enerTrii dona(ion, thcrc has bccn purrha5c of a ministry house in Gricveship estate which will be rented to thc diid act Yb vvllngclistic be. There h&$ been a significan( discipling cultur¢ emerg¢ from th¢ work being done blid this is already bearing fruit in the lives of existing members and th05¢ on th¢ fringes of the Lhurch. Thc Soup Group has Tcmaincd pK)pular sincc its inL¢ption. R¢gularly around 12 camc ong w¢¢k but thc have been around 18 di(fcrent pcoplc coming at diff¢r¢nl times. There 15 a recc55 ¢ach sumTn¢r with occasion further meetings in July and Augusi. Page I
Grace Church Orkney Report of the Trusteesfor iheyearended 3J Morch 2025 Achlevemenl and Perforni4nc¢ (¢ontlnued) In the comrnunity, we hav¢ visiied Ra¢'s C105e at Christm&fj and Easter and collducl a short serylce in Hamnavoe House Care Horn¢ on¢¢ a month in rotation with other Stromnc&5 thurchcs. Worldwidc. wc niaiiildin LOntac15 wi¢h Andrcw and Shona Go(Mlman, OMF missionari¢s iii Thailand and Myanmar 4ULd who teaches at th¢ Peter Achimugu Colleg¢ of Theology (PACT) in Ni cria with Milision Afri¢&i. HL J lurth¥r rninis(ry called 360 India which 5UPPOrts chutGh plantets in India. and their ho are from Cz¢¢h R¢public have now stsned their ministy in Ukraine. A* (i LILurLlJ w¢ support¢d tliciii lit1&111Y and in prayer l.uith Mibbivn workus) their 6 Lhildren keep contact may visit in th¢ coming y¥dl". We remain members of the Fellowship of Independent Evang¢11] Churches and committed to h¢lping in achicving their goa13 though OUT links havc not includvd attending any mcctings this ycar. Our links with AcLs291 north af Scotland l¢d by ut. maintains conla¢t with paBtors from churches in the f Liv'.Iik Iluyi LIiuLih. Inv¢m¢ss. rcillain5 a member of the Steering Group for Thc Rur411 Project. W¢ rcmain a¢tiv¢ support¢rs of Orkncy Bible Festival with as trcJsur¢r) and l)i)111 .s1ill iTrn Ihc slccring 0uP. having bccn on from thc bcginning ot" 201 l. The 2024 festival speakcr w&5 If. Highland Thcologi¢al Collcg¢ in Din8wall, who $pok¢ eloqucntly from th¢ Psalms. Ai with uth¢r ycars, h&5 be¢n 4ble to ¢ontribute to articl¢s in th¢ Thursday Thought column in The OrcL7dioM three or fi)ur limLI <1 yLar. Flnxntlal rtvlew Principqlsomrces offMndin8 Th¢ church r¢cciv¢s its funding from thos¢ in th¢ fellowship by way of w¢¢kly offerings and standing ordErs, many of which are Gift Aided and from general donations. There is no investrnenl income. Resultsfor theyeqr Thc financiLI statem¢nts for th¢ year ore $¢t out on p&8¢s 5 to 8. The Reccipts and Payments A¢¢ount on page 5 reflects a surplus of £27.226 (2024.. £441), resultin8 in total ndS carried forward of £66.199 (2024.. £38.973). Rejerves It LS thc policy of thc Chuwh to rnaintain unrestricted fijnds at & level which equate8 to approxirnately thr¢¢ months unrcstrictcd cxpcndit[e. Thc Gcncral fiind and totlll resctves on page 5 at 31 March 2025 Amounted to £66.199 (2024.. £38.754). Page 2
Grace Church Orkncy Report ofthe Trustee5for ihe)Ear ended 31 March 2025 Reference and admlnlstrative detalls CorrespondeDce Address John Str¢¢t Hall stroneSs Ot*ney KW16 3AD Bank¢rJ Bank of SwtlaTNI 56 Alb¢rt Street Kirkw1 KWI5 IHJ Inde endeni FJxamlners Itlll¢s & P11rtn¢r LIiLiiled Chartered Certified Accountants 9 Ardross Street Invernc5S TV3 5NN l)n hchali" i)r thL Trll.Slees Dated.. -07- .2025 Page 3
Grace Church Orkney Report of the Independent Examlner to the Trustees for theyear epded31 March 2025 I report on the accounts of the Church for the y¢ar ended 31 Mah 2025 wbich are Set out on pages 5 to 8. Respeetlve re5pon5ibilltles of trustees And examiner The charity's trttt$ are r¢S)nSIble for the preparation of the CoUnts in accordatiG¢ with the lernis of the Charities and Tnjsiee Investment (Scotland) Act 2005 at¥1 the Charities Accounts (Scolland) Regulation8 20D6 (as amended)- The charity mistees considerthat the audit requirementof Regulation 1011) (d) of the Accounts RcguIation5 does not apply. It is my responsibility to examine the ac¢oun(s as required ndcr section 4411) (cl of the Act and to State whether particular matters have comc to my attct]tion. Biylj ofindependent exAmlner'$ 8t*tern¢nt My eMInAtiOn is ¢arriEd out in accordance with Regulation I l of the Charities Accounts {sCotld) Regulations 2006 (as amended). Art examination includes a review of thc accounting records kept by the charity and a comparison of the accounts preSend wilh thosc records. li also includes considerats'on of any unusual items or disclosur¢s in (h¢ accounts 8nd sc¢k$ cxplanalions from th¢ truste¢s ¢onceming suth matt¥rs. Thc proLcdures underkn Ik) not provide dll the evidence that would k required in an dudil. and ons¢qu¢nily I do not ¢Aprcss an audi( opinion on ihe view given by the accuunts. Independent Examlner'j Stxlement In th¢ cowse of my ¢xamination, no matter has Gom¢ to my attcnlion which gives me rcason4ble Cause to b¢licv¢ that in any niatcrial rc6P¢Ct thc rcquiT¢mcnts.' Lo keep acLUUnting rdS in E4cLurdanLe with SeLtion 44(1) (d) of the 2005 Act and Regulaiiun 4 olthe 2006 Accounts ReguldLions (&5 amend¢dl, and to ptepare accounts which accord with (he accounting records and comply with Regulation 9 of the 2006 AcLvurits Rrgulation5 (a5 amended) havc no( bccn met. or 2. to which, in rny opinion, &ttention should b¢ drnwn in order io en#blt a proper widerst4ndin8 of the a¢counts to b¢ reachcd. It¢5 & Vartn¢rs Limited Chart¢rd C¢rtificd AGcountants 9 Aidross Str¢ct Invern¢ss tv3 SN Dote= .2025 Page 4
Grace Church Orkney Receipts & Payments Accnunt For the year ¢nd¢d 31 Mar¢h 2025 Unrestrlcted Restrlcted Funds Funds 21125 TotAI 2024 TDtsI Reedpts Open offerings Gift aid offerings Non-gift aid offcrin85 Tax reclaimed Donations (wrants Building Grant Other incom¢ 3,827 15J66 25 701 497 15,560 25 6,701 3,649 11.728 21)0 7,500 201,758 1,819 237,966 2111,758 1,819 237,196 23 Total re¢elpt8 Paymenti Ministries and missions Church Insurance rieveship West Insurance Church Heat & light Gricvcship West Ilcat & light Guest Speakers Iluilding expenses & supplies Equiprnent Ren¢ed Accomodalion Donations & Gi118 A(Ivertising Conference expenses Books Music Oth¢r exp¢ns¢s Legal fees Jndcpendcnt examinatlon Renovation cxpcn5eS Buildin8 pur¢has¢ Total payments Surplus Transfer between fund5 77(J 15,600 71)6 814 2116 1242 150 706 814 200 1,242 150 761 4.950 300 289 673 4J21 673 4J21 1,200 4,590 186 1,106 ole5 26J40 104 2,152 160 138 3,000 29,340 104 2,152 160 138 746 2,918 636 16.434 150,OIKI 210,740 27226 132 1,089 2,918 636 16,434 150,0110 207,740 492 3,000 (233lJ) 2,011 (219) 219 15,159 29,456 (2,011) 27,445 311,754 66,199 Surplus after transferj Tnt81 funds hrought, ffirward Closlng fund bal¥Lnee 27,226 3fl,973 66,199 38.973 Page 5
Grace Church Orkn¢y Statement of Balances As at 31 March 2025 2025 2O24 Openlng Surplus Closlnz balance for year bglgnce Openlng Surplus Closlng bilanre for yeAr balance Bank accountB 38,973 27,226 38.532 441 Rq>reJented by: Unrestrlcied fvnds General fijnd Restrlcted funds Missions Fund 66.199 38.754 219 66.199 35,973 Statejnent of Asjests At 31 M*rch 2025 Church building (bas¢d tNsiee5 valuation) Ministy House (based on tsust¢cs valuation) Fixtures And Equipment Gift Aid Debtor 160,000 150.000 7.736 5,930 323 666 160,000 3,905 2,932 166,837 Stgtement •f IiAbilitieJ it 31 MArch 2025 Independent Examiner'5 fee Professional fees- gift aid 456 108 432 102 564 534 The fmanc1 5tstements on pages 5 to 8 were approved by the Trusttts on signed on their behalf by the undernoted.. 2025 and Th¢ notes on pr4g¢ 7 to 8 fomi part of these financial statcrnents. Page 6
Grace Church Orkney Notes to the R¢¢¢ipts and Payments Accounts For thc year cndcd 31 MaTch 2025 l. Accounting Policies Accounting Conwenlion The financial statemet]ts have been prepared under the historieal cost convention. and in accordance with the Charities A¢¢oullts l&otland) Regulations 2006 {as amended). B4sis ofj7nonclalllte¢ttts The financial statemcnts bav¢ b¢en prepued on a rcccipts and payments basis. Rereipts and Payments Ae¢o#ttl For the putry08e of the Receipts and Paellts Acc¢JJnt as shown on pasc S, funds are defined as follows.. Unreitrl¢ted funds: comprise grants and other income r¢¢eived for the objects of the church without further specified purprjse and are available 88 general fvnds. Restrtcted funds: compris¢ in¢ome which h38 been e1Ved for the objects of the Church and $p¢¢ified for a restricd purpo$e within the6¢ objects by the donor. 2. Trni4¢tloDo wlth Trusttts There were no trAttSaCiions with trustees durtng the year. 3. Unre•trl¢ted funds Balance at Incoming 01,04.2024 rejourcrs Resource8 fXPCT]dcd Transfcrs Balance At 31.03.2025 General Fund 38,754 237.196 (207.740) (2.011) 66.199 Tot81 unre$tri¢ted fi$ 38,754 237,196 (207,740) (2,011) 66.199 offmftds Th¢ Gcn¢Tal Fund encompasses all inc0C and CXFrnditur¢ lating lo th¢ primary fwu5 artLVIti¢5 of the harity, other than those for whi¢h fijnding is rcstti¢trd. 4. Restrleted funds Balancc al Ln¢omin Resources expended Transfers B8laTrce at 01.LH.2024 resources 31.03.2025 Mission 219 770 (3,0(KJ) (3.000) 2,011 Totsl restricted fijnds 219 770 2,011 offunds Th¢ Mi56Lon Fund is iu supp(xL various mi&sionb at home &bn)ad. Page 7
Grace Church Orkney Notes to the Receipts and Payments Accounts For the year ended 31 Mawh 2025 5. Doll8tlons & Cifts 2025 2024 Faith Mission Release International OMF Operarion Mobili8aiion FIEL OBF 20 SGh¢mc?* Mission Afric& Caring for Life 400 400 290 400 540 2.400 3.750 2SO 5(Kl 14,410 3,000 3,000 1,5th) 250 250 250 540 250 550 .%IiLicty 250 250 250 250 MAF The rural project GNFE 29.340 4.590 Page 8