REGISTERED CHARITY NUMBER: SC050827 for st hureh
P#ge Report of the Trnslees I to 2 ndependent Examtner's Report ststement of FIDanclal Aetlvl¢les B•lan¢e Sheel Notes to the Finan¢lal Statements Detalled Statement of Flnanelal Actfvities io
Re The trLLStees present tbeir report wvth the financial slalements of the chariry for th¢ year cndcd 31 MaTch 2025. Th¢ trustees have adopted the provisions of Accounting and Reporting by Charitie8". State]neDt of Recommended Practice applicable to charities preparing their accounis in accordance with the Financial R¢porting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AfgD AcrIvrriES Charitable Purpos The charity's Purpose is to encourag¢ th¢ adVanm¢n[ of thc Christian faiih primarily in Stromness and also throughout Scotland and the rest of the World by all means CnsISteDt wilh the teachings of thc Chrisrian Bible including WOTship. minislly. missioffj prayer. witness, education, commuillty seTviGe and th¢ support of agencies and individuals and other charitable organisations involved in Christian missionary work and relief of poverty or other social needs. ACHIEVEMENf AND PERFORMANCE FundrniSlDg activilies The ChuTch con[gatIOn conlinucs to grow y¢ar on year aDd in turn the g¢neTOUS donations from the congregation have increas¢4 which enables th¢ Church to donate Money to help oth¢rs. In tk ycar to 31 March 2025 there were mercies distribulions to £2,200 which benefits people in the local community. The Churth a150 continues to support GOGO Olive and contributed £1,200 in the year.There were also several one off donations EO other ¢harsties totalling £4,500.The charity was very fOrtLale in receiving a substantial legacy durlng the year of £27,939. FtNANCIAL REVIEW R¢s¢rves policy The trustees of the chLrch have agreed a reserve8 policy of holding a minimum of £6,000 to mcet the day lo day nnIng costs and seasonal expendittwe of the church. Any excess funds are to be dispersed to organi5aiions or individuals who are in need of support which will be decided by a sub committee consi5tiDg of one trustee, one treasurer and several church mernbers. The reserves have been increasing in recent y¢aTS and stand at £94,509 at 31 Marth 2025. It is the intenlion to distribute funds in the near futur¢ to help olhers in need. STRUCTURE, GOVERNANCE AND MANAGEMENT Goverllillg document The Church is adJninister¢d in accordance with th¢ tern)s of the Constitutio Charlty constitulioD The Charity is a Scottish Charitabk IncoTpofdted Organisation (SCIO) and was fornied on 25 November 2021. Reeruitment and appoinlment of new trustees The trustees are Members of the Chwch who are elected by the Church in General Meeting, appointing a maximum of seven and a minimum of three trustees, Two of the Trustees SI11 retire by rotation with effect from the commencement of the Annual General Meeting but shall be eligible for re*lection at that Annual General Meeting. REFERENCE AND ADMINISTIiATIVE DETAILS Registered Charity number SC050827 Prln¢ipal address 2A Church Road Stromness KW16 3BT Page I
REFERENCE ATr]D ADmsTRATtVE DETAIiS Inde èndent Examiner Fou ister & Ba]n 4 Broad Street Kirkwall Orkney KW15 INX f trustees on 28 August 2025 and signed on ils behalf by." Trustee Page 2
Eiamlner, lie55 B# rtto Cbu I report on the accounts for the year end¢d 31 March 2025 set out on pages four to nine. Respective reS5•bilItieS of trustees and tXfillllDer The charity's tru5t¢es are responsible for the preparation of the accounts in accordance with Ihe ternis of the Charities and Trustee Investmenl (Swtltd) 2005 and thc Charities Accounts (Scotland) Regulationq 2006 (as amended). The charity's trustccs consider that th¢ audit requirement of Regulation 10(] Xa) to (c) of the Accounts Regulations does nol apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state wheth¢r particular nratters have corne to my attention. Basis of the independenl examiner's report My exatnination was carried out in accordance wilh Regulation I l of the Cbaritles Accounts (Scotland) Regulati0ThS 2006. An examination includes a review of the accounting records kept by the charity and a comparison of th¢ accounts presented those rOrdS. It also inctudes consideration of any unusual iiems or disclosur¢s in the accounts, and seeking explanaiions from you as iTUStees conceming any such matsers. The procedures undcrtaken do not provide all the evidence that would be required in an audit. and consequ¢ntly I do not express an aL1t opinion on the view given by the llcc()unts. Iwdependent examiner's stalemellt In conneciion with my examinaiion, no nmtter has come to my attention '. (l ) which giv¢s me re&sonable cause to beli¢ve thaL in any Material r¢spect, the requiTements to k¢ep accounting Tccor(Ls in accordance with S¢dion 44(IXa) of the 2005 Act and Regulation 4 of the 2006 A¢counts Regulations. and to prepare accounls which accord with the aOntIng records and to comply with Regulation 8 of the 2006 Accowlts Regulations have not been met- or (2) to which, in my opinion, attention should be drawn in Order to enable a proper understanding of the accounls to be reached. Foubister & Bain 4 Broad Str¢¢t Kirkwall KW15 INX 28 August 2025 Page 3
2025 urestrICted fund 2024 Total funds Not ll¥COME Al E1YDOWMEs FROM Donations and legacies 72a40 61,521 Other trading activities Totsl 73,840 61,521 EXPENDITURE ON Raising fi]nds 9,200 9,476 Charitable activities Other Charitable Cosls 40.46(1 39,206 Total 49.6611 48,682 NET llYCOIE 24.180 12,839 RECONCILIATiofA OF FUIYDS Total fillS brought forward 70J29 57,490 TOTAL FUNDS CARRIED FORWARD 94J09 70,329 The notes forni part of these financial ststements
is Dces 2025 Unrestricted fund 2024 Total nds Notes CURRENT ASSETS Cash at bank 94,509 72244 CREDITORS Arnounts t"alling due within one year (I,915) NET CURRENT ASSETS 94,?09 70.329 TOTAL ASSETS LESS CURRENT LIABILITIES 94,51VJ 70.329 NET ASSETS 94,509 70,329 FUNDS Unrestricted funds 9409 70J29 TOTAL FUNDS 94,509 70.329 The finaniial statements wer¢ approved by th¢ Board of Trustees and authorised for issue on 28 Aug$t 2025 and were sI¢d on its behalf by". The notes forn] part of these fmancial stat¢ments
AccouNG POLICIES BasL8 of prepArlng the flnanelal Statennts The financial statements of the charity, lch is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Statldard applicable in the UK and Republic of ]reland' and the Charities and Trustee Inves1ment (Scotland) Acl 2005. The fmarAcial statements have been prepared under the historical cost convention. Income All income is recwised in the Statement of Financial Activities once the charity has entitlement to the funds. it 15 probable that the iLKome will be received and the amount can be measured reliably. ExpeDdilure Liabilities are recogni as expenditure as soon as there is a legal or constructive obligation committing the charlty to that expenditure, At is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be me&sured reliably. Expenditure is accounted for on an aC¢nlS basis and has been cl&8sified under headings that aggregate all cost related ¢0 the category. Where costs cannot be directly attributed to particular headings they have been allocated to activilies on a basis ¢onsistent with the use of re5ouwes. T*xatlon The charity is exempt from tax on its clwitable activities. Fund aeeounting Unrestricted fimds be used in accordance with the charitable objectives at the discretion of the thjstees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise wffien specified by the donor or Nthen fimds are raised for particular restricted purposes. Further explanation of the nature and PLrpose of each fund is included in the notes lo the financial statements. Pt1151oD eQ5ts and other po5t-retirncot bencfits Th¢ oharity opeTat¢s a defined contribution pension sch¢m¢. Contributions payable to the charitys pension scheme charged to the Statemenl of Financial A¢tivities in th¢ period to which they relate. OTHER TRADING A1vIT 2025 2024 Meals Grant Page 6 continued...
inanc me RAISING FUNDS Rai8ing doDatiiins IiDd lega¢les 2025 2024 Support costs 9.200 9,476 TRUSTEES, REMUNERATION AND BENEFrrs During the year 10 31 March 2025, remuJ]eration of £24,921 was paid to for Church work. Tru$lees' expeDses There were Tho trustees. expenses paid for the year ended 31 March 2025 Thor for the year end¢d 31 March 2024. COMPARATIVES FOR THE STATEiItENT OF F]NANCIAL ACTIVITIES Unrestricted fund tNCOME AND ENDOWMEwfs FROM Donatiuns and l¢ga¢Aes 61,521 EXPENDITURE ON Raising funds 9,476 Charitsbk activitles Oth¢r Charitable Costs 39206 Total 48,682 NET tNCOME 12.839 RECONCILIATION OF FUNDS Total funds brought forward 57.490 TOTAL VUNDS CARRIED FORWARD 70,329 Page 7 continued...
CREDITORS: AMOUtYTS FALLING DUE THI4 ONE YEAR 2025 2024 Trade creditors 1,915 MOVEMENT IN FUNDS Net movement in fimds At 31.3.25 At 1.4.24 UAr¢stri¢ted funds General fimd 70229 24,180 94509 TOTAL FUNDS 70J29 24,180 94509 Net movement in funds, included in the above are as follows: Jncoming resources Resources Movernent Unrnstrleted fiinds Genernl fund 73,840 (49,(J60) 24,180 TOTAL FUNDS 73,840 (49,660) 24,180 Comparntlves for movement In funds movement in funds At 31.3.24 At 1.4.23 Unrestrleted fun(ts General fijnd 57,490 12.839 70.329 TOTAL FUNDS 57.490 12,839 70,329 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expetmied Movemfflt in fd$ Unr¢stri¢ted fvmds General fund 61,521 (48,682) 12,839 TOTAL FUNDS 61,521 (48,682) 12,839 Page 8 continwl...
tl for MOVEMENT FUNDS . continued A currenl year 12 montlLS and prior year L2 months combined position is as follows: Net movanenl in filluts At 31.3.25 At 1.4.23 Unrestricted funds General fid 57.490 37,019 94,509 TOTAL FUNDS 57,490 37.019 94,509 A current year 12 months and prior year 12 D]onths combined net movement in fiu]ds, includcd in the above are &s follows.. Incoming resources Resources expended Movement in funds Unrestrlcted fullds Generdl fimd 135,361 (98,342) 37,019 TOTAL FUNDS 135,361 (98,342) 37,019 RELATED PARTY DISCLOSURES There were no related party transactions for th¢ year ended 31 March 2025. Page 9
2025 2024 COME AND ENDOWMENrs Donations and l¢ga¢i¢s Donations Gift aid Legacies 41401 42,900 18,621 27,939 72,340 61.521 Other trading activities Meals Grant 1,500 Tolal llleomlng resollr¢es 73.840 61.521 EXPENDITURE Charitsble aetivities TnLStees' salaries TnL8tees' pensions paid Mercies Distribution Missionary & Other Charities Youth & Childrcn's Work Baptist Union Fees Gucst Speakers Special Ivents Travel & Subsistence 24921 1.663 1200 5,700 638 23.939 1,646 2,695 5239 175 3.890 650 535 437 350 2,459 509 40,460 39206 Support eosts Management Venue, Accornmodation & Storage Telephone IT Costs, Post and stationery Advertising Equipment CCLI Fees 5,231 321 261 5,863 256 245 147 1,456 537 2.044 563 &420 8,504 Governance eosts Accountancy and legal fees 972 Total resources expended 49,660 48,682 Ne¢ in¢ome 24,180 12,839 This page does not forni part of the stathtory financial statements Page 10