Oban Baptist Church Unaudited Financlal Statemonts for the year ended 31 December 2024 Charity No: SC021242 Simmers & Co OBAN
Company Llmitsd by Guarantee Financial Statements Yéar ended 31 December 2024 Page Trustees. annual repcrt (incorporntin¥ the direCr.$ report) Independent examiner's report to the trustees Statemert of financial attrvioes (including income and expenditure accourt) Statement of financial position 10 Notes to the financial ststements The following pa$ do not fom) part of the finan¢lal rtatements Detalled sratement of financial attlties 21 Notes to the derailed statement of financial activrties 23
Company Limited by Guarartee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 December 2024 The trust who are also the directors lor the purposes of company Saw, present their rewrt and the unaudited financial starements ofthe charity for the year ended 31 t)ecember 2024. R•l•r•n¢• and administAtive detalls Registered charity name Oban Baptist Church SCIO ChArity registration number SC052046 Company regi5tratlon number SCO52046 Princlpal offlce and reglstered office Oban Baptist Church Al>any Street Oban PA34 4LG The trustees Independent ¢xaminer Structur¢i governance and management l-ezal and Administrative Status Oban Baptist Church 13 established ty co1[u0 The church Is a Scottish Charitable Incorpornted OrnIsatiOn (No SC052046}. The clwrch r5 congregaiional in policy. The trustee5 oversee the running of the Church with ics day to day del¥dred to the Deacons. The Deacons are named on page l.
Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 December 2024 Recruitment and Appointmnt of Trustee5 The Trustees are appointed from vitthin the congreDrlon and members ofthe congreration are invited to nominate individuals, who a bdieved ro have the skills to be a Trustee. Trustees are then appointed at the AGM and serve for a period of a year after which they must seek re-elettion at the AGM. Risk Management The TruSteeDeacOnS assess the major risks to which the charity is exposed on an ongoing 51S and have established procedures to miupte those that are identified as a result of these Related Party Transattions There are related party transaction& these are di5dosed in Note 11 Objertives and actlviti•s The aims of the church are, as recorded in its eonststuuon. the advancement of the Chriscian faith primarily in the area of Otrtn by all means Consisnt with the Chrisuan Bible. The church 15 affiliated to the Baptist Union of Sc¢xknnd. Stratezic report The following sec¢ion$ for achlevements and perfornn and financlal review form the stdt¢ rep)rt of the charity.
Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (&)thinu Year ended 31 December 2024 Achievements and perfomiance The Sunday AM Servi We're so gfdteful for the chance to Dther together and celebratr the goodness and faithfulness of God together. The school faciliue& whilst imperfeo continue to be suirable for a church meeting. As noted in the previous year's reporo there are short Trrm issues as work t0drdS our long-term objettive of a new. purpose-builc facility. In the meantime, we're gratef¥Jl that have a space suirable to accommodate every sIne person who identthes with OBC. along the numerous visitors we gec and there is 5ti11 space left for those in our community wh0 seek to know more about Jesus. As with previous years. experien modest numerical growth in the church through 2024, with approximately 125 adults and young people connecting acr055 a gtven month. Consistent Sunday attendances still show room for improvemeni wtth many morning services seeing approximately two thirds of that total number attending each Sunday. This has prompted some ro question the need for the larger venue, and the costs that result from rentirkg the High School. but our mission a¢ OBC must be the same as God's - that He will build His Church. This looks like many things, but on a numerical level, it means faithful attendance and new conversions resultyng in numerical growth. Albany Street church can't accommodate this central vision for us as a church. hence the move ro the school and the redevelopment prolecL Our Sunday AM vrshiP mS tKan to grow aKdin in the latter par¢ of 2024, with a number of people offering their seNces to such an important aspecr of the Sunday morning gathering. We also were 50 encouraged by the house group5 raking a Sunday morning each through the Advent season, bringing all their and personalityes to the floor for the benefit of the congregation. We seek to continue to develop this essential 'BapuK' try4it in 2025 and beyond. The Albany Street Building Development Whilst thi5 project ha5 moved slower than we Vuld have liked, we made further proyess through 2024. We began to develop a stron& producttve relationship with a l¢xal fundraiser. and through the latter part of 2024 have been seeking his athice on hc>w best to move foThwdrd with both the local and larger-scale fundraising initrdtives. We also made Ydluable progress at the end of 2024 in ttjmpiling lists of prospectlve memr$ for fvndrdising and building team5. We hope that 2025 wtll be the year that we really see momentum buikl in the pro1 50 that everyone can tske hean and encouragement from its progress. House Groups Our house groups continued as per pre0$ years - three groups. all their ovm unique 'flavour' and focus, but all led by the same principles and with the same ultimate mission. Throughout 2024, these essential spaces offered hospitslity and a ace to grow deeper in fellowship and laith. At the tail end of 2024. we saw one group 80 through some significant changes. hosts calling time on their role, and we thank them for their willingnes5 to open their d¢)ors over the past few years and crea space for the people of Trustees, Report 2023 OBC. We're hoping to confirm another Yenue in early 2025 for this group. As vith previous years. our desire is always to seek more small group spaces. so that there can be a rnnge of midweek Katherings to support and Strengthen the church family in ithveen the whole gathered congregation ew Sunday. Other Gathering Spa We've had plenry of other opportunttse5 to pther. worship and cdebrate through 2024. We hosted mI10arIeS from our partner organisations (BMS. Tearfund) and celebrated life events with people (baptisms and new memberships) alongside our routine church accivities. We started a Sunday night movie spac< based around Yhe Chosen", which offered people the chance to come and atch an
Company Llmited by Guarartee Trustees, Annual Report (Incorporating the Directorfs Report) (e•ntwJu•d) Year end•d 31 De¢ember 2024 episode every Sunday eYenin& follokn& by fellowship and conversation. This vrds attended and greatly apFYeciated by pcople acr0S5 many genernuons. V4e also started a new worship and prayer gathering ¢very first Sunday ofthe morth. led Encounter- one hour ofcontinuous vrshiP and prdyer. resting, waiting and listening to God. This cuhiinaEgJ in a Carol Servic& where we Welcom in the bty"nning of the Advent season together. Our men'5 ttiiwiistry SPV Vtas MPor4r11Y drawn to a close, with a sense that it needed fresh ideas and rew perspectives. we hope to move forward this in 2025 so that mcye men will engage in fe1k)V+Sh wtth each other - a men'5 minL%try is an excellent opportunity men to take ownerthip nor jusc of thar ¢)wn fath bur the wellEeing of the brothers alongside thern. As per prevh?us years. we're always Ic0"rE for new ways w gather people together, and 2025 wlll see the beglnnlng of a push towards mini-missional cornmunities. where people c2n gather around a common interest and grow in fellowship and faith there. Yourh Mlni5¢ry As with 2023, 2024 wrds a good year br our young people. They continued to meet regularly and grow in faith. Our youth band met on a fewoccasions throughoutthe year, and we hope that we can become more consistent in this in the months ahead. As wrth our prewous youth club, the issue of having sufficient adults present has s(ynewha¢ hindered our progress. but v're hoping that this will secde and improve through 2025. Our youig pe• filla out forms near the end 012024. expressing their preferred interest in SIce of a Sunday morning gathering. There vrds great enihusiasm for this across both the junior church and youth group, and so we're excited to get them pluggèg in at the beginning of 2025 across all ams of Sunday AM church ministry life. We éid se.e SOMÈ 1 progress at the end of the year in our engagement with the Hth Schts)l. TIE PaSr High School Since 2016. and through 2024 continued in service to r has a chaplain at Oban e students there at clubs, various assemblies. memorials and SerVis. As with trnious years. the 8ames club conttnuad to run on Thursday lunchtimes. with up to 3D >oung people attendin& This promptedllllo reach out to the school leadership abo the pcxenti31 of running a Youth Alpha cours¢ in Trustees, Report 2023 the school during the week, al at the ffid of 2024 this was given approval. This is an important mi¥¥on opportunity for the church - offering this generation an alternative way of lrfe - and the new course aims to srarc around Easter of 1025. Community Outreach Progr4ms Both of our organised outreach progr4rns {Noah's Ark and khool Unifrxm RedistrlLwrlonl mainralned thÉir excellent activity throu#bOUt 2024. with corsistent and FO5ve engagement across many demographics of the Oban and Lorn communKy. Both are miglx be terrned soft evange115m space5 Jesus is represen¢ed consistendy to the atndee5, and pr4yer gtven that opwrtunitses to share the 80spel might arise. We count li as a privilege to cpen our door5 to new life and young life, showing them that the church 15 a place d Nyelcome and hosplcaliry. We also counc it as a pmilege to offer yQUn8 families support through free school unifomi- our cakulauons for the pro1t SUeSt that 've wnanaged to save famllle5 In the Oban communrty seVtr thousand punds through the redistributton projeffj and we look fOrard to 2025 knowing that we can convey something CA the love of God in Chrlsi throu8h this projecL
Company Llmited by Guarantee Trustees. Annual Report {Incorporating the Dlrectorfs Report) (¢onthu•d) Year ended 31 December 2024 Community Swvice Users We opened our doors to several community groups through 2024: The A4 Alinon, the NHS, a dance group and a local mental health group. We count this as an important means of serying and supporting our local community in its variou5 need$. We did get rnt notiftstion that the AA had decided to move to a newer premises nearby. and we wish them 11. We are reminded in this that there 15 a need for us to press on our with our building development so that we can create a facility that trusted parmers can enjoy and use for the needs of their groups. Mission.. Local and Beyond Our mission partners and focuses remained as they Yre from previous years - OBC wfting l 0% of Its projectrd budget each year tovr4rds local and international mission partners. We were privileged to host our BMS Thailand missionaries in the summer of 2024. vthere we heard all atcsut their incredible gospel and community work in Wang Daeng. Like u4 they are a growng fellowship with a heart for local mission. including a new building developmenE so vle were gt7Eeful to hear from them on the victories and challenges of Christian lrfe. many of which were very similar to ours. We contsnued to support local organi5auons that ve viilling ro priorities the gospel of Jesus Christ and will review this again at the AGM in 2025. Flnan¢ial revi•w Prlncipal Source of funding The church receNes its funding from church members by way of weeWy offeriny and Glft Aid donations. Results for the year The financial statements for the year are set out on pAges 9 to 23. Total Income in the year was £74.410 (2023 - £74,479). of which £5.205 {2023 - £4,895} vo5 restricted and £69.20512023 £69,584) Wa5 unrestricted. Total expendt¢ure £74.655 (2023 - £98,218)ol vthich £195 (2023 - £27,378lwas re5¢ricted and £74,460 12023 £70,840)vtas unrestritted. Total reseThes at the year-end were £536.443 12023 - £536,688). of which £nil (2023 £nil) vrds resrricced and £536.443 12023 £536.688}was unrestricted. It is the policy of the church to maintain free reserves i.& fund5 not committed or invested in fixed assets at a level which equates to approximatety three months unrestricted expenditure. This allows Sufflent to enable the ongoing work of the church ro be m&ntained. The net current assets amount to £80.Crf)1 (2023 £80.155) and is above the required level.
Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ortlAu•dJ Year ended 31 December 2024 Plans for future periods Like premous years. E've had SO wonderful throughour 2024 - hoxing International missionarie4 Ynter baptiyns in the sea a[ &"g Ganawan, deep faith-filled conversations on the ministry ef Jesus at The Chosen gatherin and special vnr5hip nighr5 alongsldè the beauty of the routine, regular Sunday morning serrices. We've math some progress in key areas. and we've also seen that much t[re 15 needed ift order to Trustees. Report 2023 see the mission of God Iwed out and realised around u5. ,$ been a year of grovrth and learnin& and we look forvrdrd to 2025 wth a sense of renewed hope thar everything we're doing can rnake a8ulne difference in the li%es of those we meet and connect Wh. We're $0 grateful to all the vc4unteers who give so much of thnselves for the sake of cther5, and most Imporcanttry in rvice to ChrisL They are the Church. and we know that God sees and aPpreciaS all thar efforts as m¥Jch as vle do. We've not reachtsj our ruk - we're far from It, and we'll never be trAt until Christ returns, but we have done our best this year and we Icok ahead to 2025 w¢h a prayer that .11 contnue to 8row and mature in all thngs Chrsr $0 that Obin can be fdnsformed for its Kin& The trnstees, annual report and the Strategic report were aFproved on 4 June 2025 and sIgd on behAlf of :hF b02rd of trustees by.. Trustee Ti"us(4$1
Company Limited by Guarantee Independent Examinetrs Report to the Trustees of Oban Baptist Church SCIO Year ended 31 December 2024 I report to the rrustees on my examination of the financial 5ratements of Oban B3PUSt Church SCIO ('the chari¢y') for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the comF4ny (and also r¢s direttor5 for the purSe5 of company law) you are responsible for the preparntion of the financial Staments in accordance with the requirements of the Charities and Trustee Investment {S¢otland) Acc 2005 ('the 2005 Att.). the Charitie5 Accounts (Scotland) Regulatyons 2006 (as amended} and the Companies Att 2W6 ('the 2CQ6 Act,). YoLt are sau5fied that the accounts of the tompany are not required by chariw or company law to be audited and have chosen instead to have an independent examinaiion. Having satisfied myself that the acmunrs of the company are not required to be audited under Part 16 of the 2006 Att and are elwble for independent examination, I rep)n in respect of my examination of the chariry's accounts carried out under settion 44(1)(c) of the 2005 ACL In carrying out my examination I have foll0v the requirements of Re8ulatyon I l of the Charities Accounts (Scotland) Regulations 2006 (as amended). Ind•pendent oxaminer's statement Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scodand your examiner must be a member of a tlY listed in Regulation 11 {2) of the Charityes Accounts (Scotlandl Regulations 2006 la5 amended). I can confirm that l am qualified to underrake the txamination because l am a wswed member of the Insututr of Chartered Accounrants in England and Wales (ICAEW) vthich is one of the listed bodies. I have completed my examination. I confirm thac no tter$ have come to my attention in connection with the examination W'ving me cause ro belie accounting records Vre rK)t kept in respect of the charity as required by secuon 386 of the 2006 A¢ sec¢ion H(l>(a) of the 20)5 Act and Regulation 4 of t 2006 Accounts Regulations; or the financial sratements do not accord yth those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scoriandl Regulations 2006,. or the financial statements do no¢ comply the accounting requirements ol sec¢ion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair. view which Is n¢X a matter considered as part of an independent examinats'on,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prattice for accounting and reFK)rting by harities applicable to chariries preparing their accoun in accordance with the Financial Reporting Srandard applicable in the UK and Republic of Ireland (FRS 102>.
Company Llmited by Guarartee Independent Examinerfs Report to the Trustees of Oban Baptisl Church SCIO [11n Year ended 31 December 2024 I have no conM$ and have come across rK> other matters in connection with the ex2mination to which atte10 should dravm ir this rewrt in order to enable a prow understanding of the 2ccounis co be l'eached. Ind*p¢ndeni Examiner Simmers & Co ChArtcred Ae¢ountants Albany Chambers Albany Street Oban Argyll PA34 4AL
Company Limited by Guarantee Statement of Financlal Activities {including income and expenditure account) Year ended 31 December 2024 2024 Unrestricte Restricted d funds funds 2023 Total fund5 Total funds Note Income and endowments Donauons and legacies Other trading attivitie5 64,851 4,354 5.205 70,056 4,354 69.959 4.520 Total Income 69,205 5.205 74.410 74.479 Expenditure Expenditure on raising funds: Costs of raising donations and legacies Expenditure on charitable acttvities 8,9 73.511 949 195 73,706 949 97,303 915 Total expenditure 74.460 195 74.655 98,218 Net Income (5,255) 5,010 (245) (23,739) Transfers between funds 5.010 {5.010) Net movement In funds (245) (245) (23,739) Reconclliatlon of funds Total funds brought forward 536,688 536,688 560,427 Total funds carrled forward 536.443 536.443 536,688 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activive5. Th• nots¥ on pages 10 to 19 forni part of th¥ fbnanclal stat•m•nts.
Company Umited by Guarantee Notes to the Financial Staternents Year ended 31 December 2024 2024 2023 Note Fixed assets Tangible assets 14 456,442 456.533 Current assets Debtors Cash aL bank and in hand 15 5,382 76,411 5.902 76,6H 81.793 81546 credito amounts fallln8 due within one y¢ar 16 1.792 1391 Net current assets 80,CQI 80,155 Total ass¢ts le55 cuTrent Ilabllities 536,443 536.688 Net assets 536.443 536.688 Funds of the charity Unrescricted funds 536,443 536,688 Total charlty funds 536.443 536,688 For che year ending 31 December 2014. the charity entitled to ¢x¢mp¢ion from audit under section 477 of thè Companies Acc 2006 reiaung to small companies. Dirèc¢ors' r•sponsiEilitye The menknrs have not requirtsl the company to obtain an audt of its financHI stacements for the year in question in acrdar¢e with settion 476: The direttor5 acknoyledge thek responslt411ty.es for comPl.ng vth the requirements of the Act with respect to acc(yJnting reccrds and the preparation of fftnanc41 statements. These financlal xatements have preF4red in accordantt with the proMsion5 applicable to cornpanles subjett to the small comF4nies' r'rne. These financial ttxtemwts Vre approved by the board of trustees and authorrsed for issue on 4 June 2025, and are signed on behalf of the board iy. Trustee ITIl[.T4fT part ofth•s• financ al statèw*nt$. 10
Company Llmlted by Guarantse Notes to the Financial Statements Year ended 31 December 2024 General infornmtion The charity is a public benefit entiry and a priY4te company limited by guarnntee. regIred in Scodand and a wstered charity in kothnd. The address of the wstered office is Oban Baptist Church, Albany Stree¢ Oban, PA34 4LG. Statement of compliance These financial statements have been prepared in compliance with FRS IOZ The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Prdttice applicable to charityes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Chariues SORP IFRS 102)) and the ComFanies Act 2006. Accountlng policles Basls of pr¢paration The financial statements have been wepared on the historical cox basis. as modified by the revaluaoon of cenain financial assets and liabilities and investment properries measured at fair value through income or expendlture. The financial Matemerts are prepared in sterlin& whith is the functional currency of the enuty. Goln8 ¢oncern There are no material uncw¢ainties abo the charity's ability to continu Judgements and kèy sources of ¢rtimation uncertalnty The prepardtion of the financial statements r4uires management to make judgements, e5ufffdtes and assumptions that affect the amounts reported. These estima and judgements are continually reviewed and are Sed on experience and other fattor5. including expettations of future events that are believed to be reasonable under the circumsrance Fund accountin8 Unrestricted funds are available for use at the discretion of the trusrees to fijrther any of the chariry'5 purposes. Restricted ftjnds are subjected to restric¢ions on their expenditure declared by the donor or through the term5 of an appeal and fall into one of two suIKlassth restritted income funds or endoNvTnent fund5. The note5 on page• 10 to 19 form part of fincIal $tatements. 11
Company Limited by Guarantse Notes to the Flnancial Ststsments (wrfknu•o) Year ended 31 December 2024 Accountlng pollcles f¢onllou•d) Financlal instruments (eonthwdj Incoming resources All incoming resources are induded in the statement of financial acuvities when entitlement has passed to the charity.. It is probable that the ecorbomic benefiLS associated with the trdnsattion will flow to the charity and the amount can te reliabty measured. The following specific policies are applied to particubar categoriu of incon income from donations or grnnrs is recognised when there is evidence of entitlement to the grf( receipt is probable and its afrUnt can be measured reliabty. lecY income is recognised when receipt is probable and entidement 15 established. income from donated goods is measur8J at the fair Value of the goods unless this is imprortical to measure rellay. in whKh case the value is derived from the cost to the donor or the estimated resale Ydlue. Donated facilities and services are recognised in the accounts when received if the value Can be reliably measured. No amounts are included for the contribution ofgenerdl volunr income from contrdtts for the suppty of servitrs is recoznised with the delivery of the contrntted service. This is classified as unrestricted fund5 unless there is a contrartual requirement for 1¢ to be spent on a particular purpose and recurned rf unspenL in which case It may be rerdrded as restricted. Resources •xpended Expenditure 15 recognised on an accruals basi5 a5 a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is class¢fied under headings of the statement of financial accivittes (o which it rdates expenditure on fdising funds includes the costs of all fundrdising aaivities events. non- chart¢able trdding activities, and the sale of donated goods. eXplture on charitable activities includes all costs incurred by a chariry in underraking attivities that further its charitsble aims for the benefrt of irs beneficiaries. including those support costs and costs relating to the governan of the eharity apportioned tn tharittble attivities. other expenditure includes all expenditure that is neither related to raising funds for the charity rw part of its eXdI0Jre on d4ritsble activiti All costs are allocated to expenditure categories rdetting the use of the resou. Direcl costs attributable to a single actiry are allocated direcdy to that acuviry. Shared tosts are apporrioned ben the acuviues they contribute to on a reasonab[4 juscrfb1e and consistent basi& 12
Company Limlted by Guarantse Notes to the Financial Statements (Condnl) Year ended 31 December 2024 Accountlng polldos {¢ Flnanclal Instruments {COnlknu¥dJ Tan8lble ass¢ts TanglEe assets are initially recorded at cost and subsequendy stated at cost le55 any accumulated depreciation and imFqirment losses. Any tsnsTble assets rorried at rewalued amounts are recorded at the fair Ydlue at the da of rerdluation less any Subsequent accumulated depreciation and subsequent accumulated imFAirment los An increase in the carrying amount of an asset as a re5uli of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure thin the Stament of financial acuvities. A decrease in the carrying amount of an asset as a resuk of revaluation, is recognised in other recognised pins and losses, except to which it offsets any previous rwdluation rdin. in vthich case the loss is shown within other recognised gains and losses on the statement of financial accivities. Deprnciation Depreciatlon is cakulated so as to vffrte off the cost or valuation of an asseL le5S its residual dlue, over the useful eCormi¢ life of that asset as follows: Impalmient of fixed assets A review for indicators of impairment is carried out ar each repor¢ing date, with the recoverdble amount being estimated where such indicators exisL Where the carryin8 41e exceeds the recoverdble amoun¢ the asset 15 impaired accordingly. Prior impairn)ents are also reviewed for p)ssible reversal at each reporting date. For the purposes of impaiment tesun& when it is not possible to estimate the recoverable amount of an individual asseL an estimatr is made of the retovvable amount of the cash- 8enerating unit to which the asset belong& The cash-generau'ng unri is the smallest identifiable group of assets that includes the asset and generates cash inflows tha¢ largely independent of the cash inflows from other assets or groups of assets. Financlal Instruments A financial asset or a financial liability 15 recognised onty Wh the charity becomes a pary to the contractual provisions of the instrumenL Basic financial InSments are ini(ially recognised at the amount receiwable or FAyable induding any related trdnsattion costs. Current assets and current liabilitie5 are subsequently measurd ar the cash or other consideration expected to be paid or received and not discounted. 13
Company Limited by Guarantse Notes to the Financial Statements (¢onthwo) Year ended 31 Decembor 2024 Accountlng pollcles {WU Financial In8trumgnts (con Other financial instruments are subsequently measured at fair Yalue. with any changes rec¢)gnised in the llatement of financHI acuvities. with the exception of hedwng instruments in a designated hedg'ng relationship. Financial assets that are measured at cost or amortiseA cosr are reviewed for objective eviden of impairment at the end of each reporting da. If th is objecrive evidence of impairmen¢ an impairn)ent loss is recognised under the appropriate heading in the statement of financial actyvities in which the initial gain vrds recognised. Any reversals of impairnient are recognised immed¢ately. to the eXt that the reversal does not result in a Carrn8 amount of the financial asset that exceeds what the carrying amount would have been had the imF4iinnenr not previously been recogni5ed. Limited by guarantee The charity is a Scottish Charr¢able Intorpordted Orrdnlsation and thus the liability of each trustee is limited. Donations and l•gacl•s Unre5rricted ReStriCd Total Funds Funds Fund$ 2024 Donations Offerings - Genernl Offerings- GiftAid Offerings - Income tax claims on Gift Aid Other donations Tear Fund 18.616 37,118 8,759 18,616 37,663 8.759 4.808 210 545 4.660 210 64.851 5,205 70,056 14
Company Limited by Guaranteo Notes to the Flnancial Statements {ldI Year ended 31 December 2024 Donatlon8 and legacles (eontlnu•dJ Unrestricted Restricted Total Funds Funds Funds 2023 Donations Offerings - General Offerings - Gift Aid Offerin8s . Income tax ¢laims on Grft Other donation5 Tear Fund 18,767 33.319 10.711 n3 18,767 33.319 10,711 5,618 1,544 4.895 65.064 4.895 69,9S9 Other trading artivltl•s Unrestricted Total Unrestricted Total Funds Funds Funds 2024 Funds 2023 Donations for use of halv church Income from Noah's Ark Other income 1.851 1399 1,851 1399 1,091 3,388 41 3.388 41 4.354 4.354 4,520 4.520 Costs of ralslng donations and l*gaci•s Unrestricted Restricted Total Funds Funds Funds 2024 Costs of rdisin8 donations and lerdcies- thurth operation 73.511 195 73,706 73.511 195 73,706 Unrestricted Restritted Tornl Funds Funds Funds 2023 Costs of rnising donation5 and legaoe5- church operation 69,925 27,378 97.303 69.925 27,378 97.303 15
Company Limitsd by Guarantee Notes to the Financial Statements io7nthiwd) Year ended 31 December 2024 xpenditure on charitable activities by fund type Unrestricred Totsl Unrestricted Toral Funds Funds Funds 2024 Funds 2023 SLSPPOrt costs 949 949 915 915 Expenditure on charitable activities by activity typ• Support Total funds cosrs 2024 Total fund 2023 Governance costs 949 949 915 l O. Net expenditurn Net expenditure is srated after charyngl(credt¢in&): 2024 2023 Depreciatyon of tan8se red assets 390 330 I l. Ind¢pendent examlnatlon fees 2024 2023 Fees pardble to the independent examiner for. Independent examination of the financRI statements Other as5ufdnce seThfices 567 315 535 381 882 916 12. Staff costs The rool 5tsff costs and employee benefrts for the reponing penod are analysed as follows: 2024 2023 Wages and salaries Other employee benefits 20,030 3.621 20.026 3,394 23.651 23,420 The average head count of employees during the year 2 P023: 2). No employee received employee beneffts of more than £60.000 during the year (2023: Nil). 16
Company Limited by Guaranteo Notes 10 the Financial Statements {¢ortinMaJ Year ended 31 December 2024 13. Trustee rnmuntration expenses During the year Charity was pat vho is an eMO>te of the Charicy and a Trus of the Stipond £20,135 (2023 - £20.112) Car loanCe l Mileage £105 ',2023 - £54) Pension £3,600 (2023 - £2.65 As is cuswmary. the charfty also pald the follo.n8 Imng expenses: Rent £7200 (2023 - £7.200 Councll Tax £3,190 (2023 £3,114) Heat & Ught £51712023 - £621) Telerthone £169 (2023 - £4721 No reMUneratn or other berefits from employmert V+ith the tharity or a related enuty b*re received by any other trustee5. 14. Tangible fixed assets Freehold FNtures and properry frrings Total Cost At l January 2024 Addition5 455.214 1,649 299 456,863 299 At 31 December 2024 455.214 457,162 Depreciatlon At l January 2024 Charge for the year 330 390 330 390 At 31 D•umb•r 2024 no no Carrying amount At 31 December 2024 455,214 1.228 456.442 At 31 December 2023 455,214 1,319 456,533 15. Debtor5 2024 2023 Prepayments and accrued income Other debtors 1,539 4,363 3,776 5.382 5,9)2 17
Company Llmited by Guarantee Notes to the Financial Statements {contsnu8oJ Year ended 31 December 2024 16. Creditor% amounts falling due within one year 2024 2023 Accruals and deferred income 1,792 2.391 17. Analysis of charitable funds Unrertrirted funds At I January 2024 At31 December 2024 Income Expenditure Trdnsfers General Fund 536.688 69.205 (74,460) 5.010 536.443 Atl January 2023 At31 December Income Expendiwre Transfers 2023 General FLtnd 554.800 69.584 {70,840) (16,856) 536.688 Restricted funds At31 At I January 2022 December Income Expenditure Transfers 2024 Restric*d Fund 5.205 (195) (s,o10) At31 December l January 202 Income Expenditure Trnnsfers 2023 Re5trictrd Fund 5,627 4.895 (27,378) 16,856 Purposes of restricted funds Building fund Donations were receNed to fund the proposed redevelopment of the church to accommodate increasing attendances and make it fit for purpose. 18
Company Limlted by Guarantee Notes to the Financial Statements (Mntht*) Y•ar ended 31 December 2024 18. Anatysis of net aets b•tween funds Unrestritted Total Funds Funds 2024 Tanpble fixed assets Current assets Creditors less than l year 456.442 81,793 (1,792) 456.42 81.793 (1,792) Net assets 536.443 536,H3 UnrestricteAI Total Funds Funds 2023 Tangible fixed a$5e¢s Current as5ers Creditors less than l year 456,533 82,546 {2.391) 456,533 82,546 (2,391 } Net ass•ts 536.688 536,688 19. Financial Instruments The carrying amount for each category of financial inwument is as follows: 2024 2023 Financial assets measured at falr value through income and expenditure Financial assets measured at fair value through income and expenditure 536.629 539.080 19