Scottish C'harity No.SC052057 Cornerstone Cornerstone Free Church of Scotland Truste¢s' Report and Financial Statements For the Pcriod 31 Dccember 2024
Tabl¢ of Cont¢nts Page Churcb inforniation Trustees, Rcport Indcpendmt Examiner's Report Stateinent of Financial Activities Balance Sheet Notes to the Accounts 10 12
Cornerstone Free Church of Scotland Church Information for the year ended 31 December 2024 Truste¢$ A list of active Trustees during 2024 is provid¢d in the Trusl¢es' R¢)rt on Page 6. IIAukers Charities Aid Foundation CAF Bank. 25 Kings Hill Avenue. Kings Hill, Wcsi Malling. Kent ME19 4JQ Sollcitor5 Innes & Johnson 5-7 Commercial Rd, Leven KY8 4LE Independent Exgminer Ilollib A¢Lounting Ltd 3 Melville Cr¢scent Edinburgh EH3 7HW
Cornerstone Free Church of Scotland Report of the Trustees for the year end 31 December 2024 Thc truslees preseni their annual repori and financial slalemenls of the charily for the period ended 31 Decembe¥ 2024. The financial sf8t¢ments have been prepared accordi¢¢ with the accounting policies sel out in ihe notes to Ihc accounls and comply with the charity's conslitution, the Ch¥irities dnd Trustee Investment (Scotland) Act 2005, Ihe Charities Account% (Scorland) Regulations 20(16 (as amended) and Accounting and Reporting by Charili¢s: Stal¢mcnl of Recommended Practice applicable to charities preparlng their accounts in accordance with the Financial R¢porting Standard applicable in ihe UK and R¢public ofireland. Aims and Aifiliation Cornerstolle Free Church of Scotland is a congregat20n of ihe Fre¢ Church of Scotland working towards. tlie Lon]mon aiins set out below. It is a Presbyterian church adhering in its worship and doctrffine to the position of the Church of Scotland at the Reforniation. The Free Church of Scotland hos an explanatory document which explains the origins of the Church and which gives tbe historical background to ihe Church coming Ènto bcffing in 1843 and lisÉs documenls in which is embodied the constitution of the Church. The document is available on request from the Pree Church of Scotland. 15 North Bank St.. The Mound. Edinburgh, EHI 2LS. The Frec Church of S¢oiland currently has over 100 congrcgations in Scolland, as well as one li) London and several in North AmeTica, and sister c.hurches founded by inission 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 sustriins an extensive missionary pr()grdinine relative to the size of the church. The principal activity of the Church is Ihe conduct of public worship and asso¢iat¢d Inatter5 in the context of local congregations. Dating from 1843 but with its roots in the Refomiation, the Free Church of ScotlaDd owes kts distinctive titl¢ to its historical struggle to remain 'free' from state interference in its internal affairs. It has close and active relations with many other R¢fortned churches of Jesus Chri%t throughout the world and stands firnily in thc tradition which accepts thc Bible 7n its entirety as the Word of God and, therefore. derives ils fonns of teaching. worship, ministry and government from it. The maiii emphasis of our worship is the preaching of th¢ gospel - the good news of a free and sovereign salvation through Jesus Clrist alone. The congregation is authorised by the Church to have a Minister and an assistant Minister paid from central funds ot the Church. The church building and ihe minister's manse are held by St Columba's Free Church, Edinbui'gh, undcr the Church's model tst d¢¢d but are in the process of b¢ing transferred into the name of Cornerstone Free Church.
Cornerstone Free Church of Scotland Rcport of the Trustees for the period end 31 December 2024 Achievements & performance During the year, the congregation met regularly for public worship and carried out various activities in pursuit of the abovc slated aims. Thc congregalion continued its commitment lo support the National Free Church ofscoiland both spiritually hnd financially. Signifjcant highlights, events and developments of not¢ in th¢ year include ihe following: In relation to congregational activlties.. Continued to setve local families through Momingside Minis, a pareut and toddler group Pi"ovided opportunities for people to gather to discuss faith and belief Partnered wkth the Wayfarer Trust to support Christians in the arts and creative endeavours Sunday Seniices coiitinued at George Walsoij's College throughout 2024 to accommodale growing numbers. In relalion to congregational funding= A growth in donations from church mernbers via weekly offerings and Gift Aid donalions. Incr¢as¢d parlicipation by church members in th¢ Gifi Aid sclienie. Financi41 Review Inconie and expenditure both increased this ycar. Overall there was a surplus of £42,392 (2023.. £70,409) for the period. Unrestricted funds at the year end were £78,629 (2023: £17.340). Restricted funds, held for the purposes detailed in note 14. were £34,172 (2023: £53,069) at the end of th¢ y¢ar. Reserves polic) and going concern The trustees are working to develop a saEisfactory level of reserves to be retained by the charity. ThcTe is no fornial reserves poltcy approved by Trustces but unrestricted net curr¢nt ass¢ts at year- end were £72,008 (2023: £9.805), which would equate to more than ihree months of unrestricted expenditure. Thc TrUS¢S havc rcvicwed thc cii'cumslanc¢s of thc Lharity and considcr tlial adcquate resourc¢s iontinu¢ to bc availabl¢ lo fund the charity's activities for the foreseL'ablL ftsture. The Tntee9 are of the l¢W that thc chmrity is * going concern.
Cornerstone Free Church of Scotland Report of the Trustees for the p¢riod end 31 December 2024 Risk Management The Tnlstees are responsible for assessing the risks to which the ConegatIon is exposcd on an ongoing basis and for pcriodically updating and reviewing it. The Truslecs asscss Ihc risk in relation to health and.%afety in line with the requii-ements of the FCOS central chui'ch. The Tn]stees seek lo idcntify ai)d addrcss ihe material ri5k5 facing the congregalion and agree measures aiined at mitigating these risk8. Plans for future periods We continue to pursue opportunities to expand Qui ministry.. $cIficallY by establishing a church plallt in the Gilmertoii area. This inktiativ¢ will b¢ driven by cxisting ineinbers residing in CFilmerton and will aim to build a strong community pre8ence. Furthem]ore, we are dedicated to fosleriug (be growth of our Spanish-speaking congr¢galion. To facilitate these endeavours and further our mission of sharing Jesus, we intend to utilize the old schoolhouse. This space will serve as a hub for both Christian and local cornmunity groups. providing support and resources to th¢ wider community. We ure looking to assist in establishing two church plants in the Edinburgh area, using the experience we have gain¢d over r¢ccnt years. We aim lo continu¢ the ¢ongregalion's current activities and develop further olltr¢ach with students and young workers and to play a lekding role in the promolion of Biblical Counsclling wiihin Ihc cliurch and the wider denomination. Wc will continue developing ourpartner,qhip with Wayfarer TTUSt to sustain artists and promote the creative arts.
Cornerstone Free Church of Scotland Report of the Trustees for the period end 31 December 2024 Reference and Administrative Detgils Registered Ndme: Lornerstone Free Church ()f Scotland Other Names.. C.onierslon¢ Edtnburgh Charity Registration Iyumber SCO 052057 BallkLrs Charities Aid Foundation CAF Banl 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Sollcltors JnTJes & Johnson 5-7 Commcrcial Rd. Lcven KY8 4LE Independent Examiner I lolli% AiLUULltiiig Lid 3 Melville Creseenl Edinburgh EH3 7HW
Cornerstone Free Church of Scotland Report of the Trusiees for the period end 31 December 2024 Structure, Goverllanee and managemenl Cornerstone Free ChurLh of Scotland is established by Constitution. It is a registered Scottish Charity (No. SC052057}, re&iistered on I l October 2022. Trnstets Hnd orricc Bcarcrs The congregation 15 governed and administered by elected office bearers (all volunteeTS) and its minister. assistant minisler and church plaDl¢r. Th¢ Kirk Session, b¢tng th¢ miiiisler, assislanl vnini5ter, church planter and elected elders. has responsibility for spiritual oversight, iyhile the Deacons, Court, composed of Kirk Session members plus elected deacons, oversees financial and property inatters. Under Charity Law, tbe Deacons. Court are deemed to be the trustees of the cougregation as those with responsibility for day-lo-day managcmcnt and Lonirol. This is distinct from the role of property (congregational) trustees who are responsible only for holding property in trusl. The members of tlie Deacons. Court (the Trustees) who served during the period }d since Ihe period nf year end, were as folloivs= Appointment of Charitv Trustees The Kirk Session exercises its discretioii in detern]ining the most appropriate method of electing new Trnstecs (Lldeis and DeaLons}. Any election process must involve th¢ coinmunicant membership of the congregalion. There is no fixed terni for Tnte¢shlp. Prior to their appoinlmenl, new Trustees would have served the Church for some time in various roles and would b¢ familiar with the Church's N'alues, its aim5 and objcctivcs as wcll as its day-to-day opcrations. As part of their induLtion pro¥yiÈUlltn¢, new Truste¢s are required to undersiand their sldtutory responsibilities as well as th¢ rcsponsibilittes of their office within the congregation as elder or deacon.
Cornerstone Free Church of Scotland Report of the Trustees for the period end 31 December 2024 Statement of Trust¢¢s' responsibilities Trustees, responslbilities in relation to the finanelal statement5 The chaTity ini8tees are responsible forpreparing a trugteeg. annual report and financial statements in accordance wilh applicable law and Uniled Kingaom Accounting Standards (Unilcd Kingdom Genetally Accepled Accounting, Practice). The law applicable to charilies in Scotland requires ihe charity trustees to piepare finanLial slalemenls for each year M'hich give a trne wid lair view of the stale of affairs of the charity and of the incoming resources and application of resour¢es, of the Lharity foT that period. In preparing the financial statements, the trustees are reqiiired to: %elect suitable accnunting policies and then apply ihem consistently. observe the methods and prinLiplcs in the appliLable Charities SORP. make judgement5 and estimates that are reasonable and prudenl. slate whether applicable accounting siandards have en followed, subjcct lo any matcria d¢partures disclosed and explained in the financial statements. piepare the fiTriilliidl st<lteinents' on the L?oing ¢oncern basis Iml¢s% it is in4ippropriate to presuine that the Lhariiy will continue in business. The trustees are respoiisible for keeping proper accounting records that disclose with reasonable accuracy ai any time the financial position of the charity and to enable them to ensure that the fjnancial stalements comply with the Charilies and Tn]stec Investment (Scotland) Act ?005, the Charity Accounts (Sc(Itland) Regulations 2(K)6 (as amended), and the provisiotjs of the Tnt deed. Tliey are also responsible for saf¢guarding the assets olthe Lharity and taking reasonable steps for the prevention and detection of fraud and other iThegularities. The trustees are responsible for the maint¢iiance and integrity of the charity and financial infonnation included on the charity's iyebsile. Lcgisl8lion in th¢ United Kingdom governing the preparation and dissemination of financial statements rnay differ froni legislation In other jurisdictions. Approved by the truslees on ......... . .. . and Sied on their behalf by.. ¥Lr¢Lury
Independent Examiner's Report to the Trustees of Cornerstone Free Church of Scotland I report on the accounts of the chartty for the year ended 31 December 2024 which are set out on pages lo to 20. Respective responsibilities of trustees and examiner The charity's (rustces are responsibl¢ for thc prcparation of the accounts in accordance with the tern]s of the Charities and Trustee Investment (SLQtlandl Act 2005 and the charitt.es Accounts (Scolland) Regulalions 2006 (as amended). The Chlty trnsiees consider Ihat the audil requiremeiit of Re.twlation 10(1) (a) lo (c) of rhe 2006 Accounts Regulations does not apply. It is iny responsibility lo examine the a¢¢ounts as required under section 44{1) (c) of the Act and to state whether particular matters have coine to my attention. Basis of independent examiner's statement My ex4unillation is Larried out in accordanLe with Regulation 11 of thc 2006 ALcounts Regulations. An examination iiicludes a review of the accounting records k¢pt by tbe charity and a comparison of the accounts presented with those records. It aLso includes consideration of any unusual items or disclosures in lh¢ accounts, and s¢¢ks ¢xplw)alions from th£ trustees concerning any such matteT5. The procedures undertaken do not pr()vide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the vicw given by thc acciiunts. Independent examiner's statement In the course of iny examination, no matter has come to my attention which gives me reasonable cause to believe that in any mal¢rial r¢sp¢ci Ihe requirements-. tn keep accounting recoids in accordance with SeLtion 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulatkons to PTepar¢ aLCI)unts which accord with the accounling records and comply with Regulation 8 of the 2006 Accounts Regulations have not been inet, or 2. to which, in my opinion, attention should be drawn in order to enable a proper und¢rstanding of the accounts to be reaclied. Hollis Accounlino Limited 3 Melville Crescent Edinburgh EH3 7HW Date:
Cornerstone Free Church of Scotland Statement of Financial Activlties Year ended 31 December 2024 Note Unrestrirt¢d Rt5trirted Trud$ 2024 Unrestrieted Restrl¢t¢d FuAd$ 2023 Total Tot1 2024 2024 2023 2023 In¢ome Endowmenls from: Donaiiolls and legacies Charitsble activiiies 307.780 73,964 381.744 232.7W 8,733 47 44,579 277.378 73 8,806 47 17.123 132 17.123 InvesvneTrt cOMe 137 Oiher Total Income 325.035 73.964 39&999 241,579 44.652 286,231 Eipendftture on". Raising fuid5 Chdrtiable activities oiher 262.705 93.902 356,607 160,769 55.053 215.822 Tol•l E%petrJdlknr¢ 262.705 93,902 356.6Q7 16tJ.769 55,053 215,8?2 et kn¢omelexpendlture bef&r¢ d I0e5 on Invtstmeftts 62,330 119.938) 80,810 (10.4011 70,409 -Net gains111tsss¢5) on inve51Jn¢nts Net ÈrÈ¢omelltypethdlur¢) 62,330 119.9381 42.39 815,810 {10.4Qi) 70,4Q9 TiansfeES baiveth ftsDd$ 14 11.0411 1,041 163,4701 63,470 Net movemeRt in funds 61.289 118.897) 42J92 17,34Q 53.069 70.409 Reconc1119tlott of fud5 Totsl funds b)ught fowdrd 17,340 53,069 7n,409 Totsl funds ea ¥r 14 78.6!() 34.172 112,801 17.340 5.3,069 70.409 The nolcs onpages 12 10 20 foFm part of these Accounts. All athivities are LOnt5ntsing.
Cornerstone Free Church of Scotland Balance Sheet At 31 December 2024 Unr¢9trlrf R¢strlrted To¢1 Funds Uttrtstrirted R¢$tri¢t FuAd$ Fundi Total Funds 21J24 2024 2024 2013 21123 2U23 ote ied A55e15 Tak]gible ass¢ii Investments Total Fixed Assets Curr¢nt A$s¢ts Dcbtor5 Casli art bank and in ithud T•tl Currtnt Assets Llabllfitles Crediloi% falling dLie 12 thin one year et Currtnl Aets Crcdilors lalling duc after more than one year 0.621 2.IN9 70 7,535 io 6.621 2,049 807 8ffi50 875 72.047 48 32,075 3:,123 923 104.122 It)5.IM5 7.341 329 52,475 52,804 7ts70 12,945 1914) (914} 13.140) (850} {J,990) 72,008 32,123 1114,lJl 9.805 51,954 61,759 12 et Assets 78.629 34.172 112JM)I 17,340 53.1kn9 7D.4119 The funds Ihe chaiity ndowmeni funds RCslricd incoiw funds Unrtn¢Ied Futtds 14 34,172 78,629 53.069 Total ch%rlty funds 14 112801 70,419 The notes on page5 17 to ?0 part of these accounts. Th¢ 4CCOUllts We approved by the Irusltts on........................................... and signed 021 their behalf bj.. Trustee Trust¢elMinister
Cornerstone Free Church of Scotland
Year ended 31 December 2024
Notes forming part of the financial ststements
l. Actountin% Pollfles
The principal aeeouniitTrg policies, ithi'th h&i'¢ been applied consi5tentJy in rhc prcccding yeor i
d¢alin¥ 7th ii¢m5 ivhich Jr¢ con55deF¢d inalcrial to the accoull are set out below.
Bxlls of pr¢pArAtIoD
Th¢ accounts Ifujancial slaicJntTis) have been prepared under ihe histori¢al ¢ost conveotion 11 it¢ms r¢¢oguised
al cosl or transaciion value unless olherwisc sthled iu tb¢ relevanl nolel51 10 these accounts. The fjnancial
siai¢m¢Dts hai'e been pRpared in accordance with the Slatemejjl of RttomtRvnd¢d Prartice.. Accowiiing? and
Reporting by ChaTSties preparittg their accounts in aceotdan¢e with il Financial Rew)rling Siandard applicable i
th¢ UK and Republic of ]land IFRS 1021 atml ihe FiDallcial Reportig Siandard appliceble in the Ufftiled
KinKdom and Republi¢ t)f Irela] IFRS 1021. the Ch&riiie5 and Trustee Ini'&$tllttt Iscoilatjdl Act 2005 8t the
Ch4rities ALLowIts ISiotland} RegulatH)S ILS amended}.
The ¢tthtity constitutes a public ben¢fit entity &5 defjned by FRS 102.
The TDJStees consider lkni there a ao J121 un¢ertainti¢S the cbariry's ability to coutiniie as a goiti8
Fnd 8ccountlnff
Funds art ¢lassititd as ¢ithcT rtstrJrI funds orunrc5tricled tiind5. delihtd as follos=
Re,¥iYicied fvnds aTc fvn(Is subject 10 specific requiremet)ts ILS ro their tss¢ M'hiGh may bi dcLlur¢d by ihc donor or
sth ihLAir dudy)rity tsi. Lreated rhrough legal pwresv. but Still 7th1n ihe l(ler objects of ihL' charity.
UnresiF7cied fvudf are expendable ai Ihe discretion of the Truslrts in fyrth¢Tance of the objcc15 of ihe charsty. Ir
parts of rhc unrestTiLled funds arL' L4rmafked 21 ihv discTetioA of lh¢ Tru51cc5 tor a panicular PUryM)5e. they arc
designuled a separatc fvod. This dG%iywation has an adminisir&tiVE PUfPO&C UDI}' and doe5 not legally Te5trict the
Trust5. di8rnion 10 apply the fund.
Inco
In¢oJlle is recogjiscd when thc charity has cttetnent to th¢ fund%, Jn} p¢rf
Cornerstone Free Church of Scotland
Year ended 31 December 2024
Notes forminE part of the financlal ststements
l. A¢¢othnting P4li¢i¢s {¢ont.)
Tangible fixed assets dre held ai cost arml Ikpiecialfd on B 51raighi line basi5 ov
Cornerstone Free Chureh of Scotland Notes formlng part of the financll statements for the year ended 31 December 2024 UDres¢rlcled Rt5tr1etÉyl Unrestrlcted Re$trl¢t Fujtds FuDds 2023 21123 Fund5 2024 Fulld5 2024 Total Total 2023 3 DonatiDth5 nd 14acies Gifi Aid Church Door collecti¢)ns Stsnding ordu&iBACS Miscellaneous donations Leg1¢5 Special collections Ory¢-off donations Gr¢$ 20.790 4266 93.364 499 3.684 24.474 240 4J()6 26.623 119.987 779 1278 784 16,116 453 46.780 127.519 453 40.219 127,519 6,541 5.144 5.144 10.099 63.321 27,395 163.034 73,964 381,744 665 13260 23.329 44.579 665 ?3,118 62.727 277.-17X 9,858 39,398 ?32,7y 135.639 307.780 In 2023 the Charity received L iTBnsfer of funds froni its parent churcJL St Columba's Free Church ofscoilalld. OSCR advised lh I"S thould be recordcd as a mÈsc¢llan¢ous donaiioo. 4 In£othe from rh•ritgble 8Ctivitirs ChtarLh w¢ek¢nd-awdy R¢nlal in¢om¢ Ei'tnr ineome Toddler 8roup income 35 15.298 705 1.085 35 (28) 8,623 62 76 8.733 (28) 8,623 135 705 1,085 17,12.4 73 76 8,80(> 7_1 S l#v¢stm¢nts Interest 132 132 1.12 132 47 47 47 47 325,035 73 964 398,999 241.579 44.652 286.?31 14
Cornerstone Free Church of Scotland Notes forming part of the finAn¢lal statements for the year ended 31 December 2024 L,nrtStri¢t¢d Restricted Futsd$ d5 2024 2024 UBrestricted Restricted Fynds F¥nds 2023 2023 Tolal 21)24 Totsl 2023 6 AD&lys15 of fr.Apeiidi¢ure R2isiryg F4d5 Fwid raisRng CharAt*ble Lxpendliure Admiois¢ration Costs Ad¢rtis1nProm0tIOnQI Bank charges okk¢¢ptng Costs Books Chwch Itit¢rnet ChurLh Uiiliiaes City Group Cateiing ClexDillg Materials Digital SubscTlPliOtIs Diwipltship Equipmenl l.xpensed Eients F.xicrnal Training Gslb'cifdnts to Indii'>duals Gilt&.(irants to Organssations Hcalth Safety Holidav Group Costs No0jum Housing allowance In&yran¢¥ Ki4ts Chw¢h Legal Fees & Ind. ExOTnin8tion Licenses C05t& Mens Reireat Cost5 inj's Cosi (Toddler CTfOUP) Ministers F.xpense5 G¢n¢rJl AdmiTr. Expe¥Jdilure5 Con¥regatlLlll31 hospilality OuifL'ach Pasiolal Cate Costs Payroll Charges Posta¥e PreSb¢Tr" Due5 Priniin Pulpit Supply & Cojnmunion R¢mittanCC6 to central funds RL't)t or Lt&%e of Buildilltss Repairs & Maini. (Bvildingj 20 310 31 947 1,345 169 2.173 1.033 433 3,491 98 334 1,954 3.025 1.146 1.345 18(k 2,173 1,274 433 3,491 175 334 1.954 3.168 202 386 973 2,013 5,314 1,531 734 3.938 642 1,9R2 5,314 1.127 734 3,938 443 1,18? 3,360 241 77 67 3,427 187 983 1,479 495 2.696 12,845 24 634 1.780 29.225 ?.456 i36 143 12 530 1,476 495 1.6 12,823 24 453 296 997 22 3,985 5,390 17 367 4.136 6,044 654 92 24 391 1.7110 18242 2.456 239 10,983 8.962 io 140 1.440 4,390 13.3S2 10 140 3.436 97 11.996 386 3.911 63 293 9,75? 386 3.911 63 321 13.013 1.959 1,959 28 3.261 14 1.544 25 9.226 7,682 1,997 643 1.874 553 53 17 213 1,927 255 806 20 1,061 483 48 48 171 3,069 39 39 337 41 1,225 232 35,575 8,819 1.522 1,225 263 35,575 8,819 1.522 31 74.088 -34.539 2.234 74.088 35.641 2,234 1,102 SuiFlotal clf 192J21 19.986 214507 95,624 19.860 115.484 15
Cornerstone Free Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 6 Analysis of ExpeDditsre (collt.) UArestrlet¢é Restricted und5 2024 Unrestrirted Rtstri¢t¢d 'und$ 2023 'roi#l 2023 21124 2024 2023 Sutptotal blf Rwirs & Mainl. (Equipnynti Repairs & Maint. (Mansel StstTEApenses Staff Meetings StstrsaI1¢s Siaff TrainiB8 Staff l Tavel Statiouary StfiP¢ fe¢$ SundayCatern¥ Sundry TcS Church Telephone Water Rates Wcckcnd Confcrence Wotnen'5 Retr1 Costs Yoyng Adults Cost Depreei8non 92.521 100 863 896 427 57,985 267 3.520 329 19.986 212.507 100 863 1,051 1.947 65 492 70.650 1?8.635 704 971 453 3.973 52 381 15 16 61 1,488 26 21 190 270 95,624 685 2.24? 19,860 115.484 6t15 2.637 489 395 36 10 27.97? 1,170 4,585 56.657 990 675 83 84,629 2.160 5,260 83 712 1.162 1,194 835 26 17 708 37 1,427 151 80 1,125 1,185 188 26 17 133 387 2.539 82 133 3¥7 2.539 23 105 626 1.77S 9.1.902 356.(7 205 160,769 83 54,053 28H 21$82? 262,705 Total expendStur¢ 9J.902 356.607 160.769 55.053 215,822 sUp)rt costs have not been separatel! idenlified a5 thc tnJst¢e$ ¢onsidtt the 15 ODI) onc charitable acltvity. I'her¢tOTe wport costs relatc wholh. to ihat a¢tivity' and have nol f£paratlv idenlilied. 7 StlTeosts alld numb¢rs 2024 2023 Salaries And wages Employ¢ts Nalional InfuTance Pension rost5 Ckurch Platt Levy 46,755 5,795 4,325 71,76V 128.635 44,461 4,340 3.928 31.901 84,630 The a&¢rdge number ot'employeeq ihc )Ear, calculated on the basis of a head rouDI, w45 35 liilloivs.. 2024 Numb¢r 2023 Number Adminislraijon and suppvrt Caraaker This repfescnts 11 tsme e4uivalettt 7 sraft'l2023. 7}. No empluy* liad enwloye¢ b¢nefits in excess of £¢A).IXKb 0•3'. none). The totsl rEmun¢ration of Key Mana¥ement Petwnn¢l was £7.58612023.. £7.5861
Cornerstone Free Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 Audltfjr'sll4depeThdeni Ex¥mlnetrs RemlleratIO Th¢ ikdcpendenl exam5nef'S temunetation for the to Ilollis AccountiJJgLtd is £1.20(FkVAT12023: £12IK>+VATI. A ft¢ was a15u paid foi assist&nLe with staNtory atLVYI)L% pr¢pdration. 9 TaDgible Fixed Agstts 21124 2024 F¥rlllture &Machlnery & Fixlu¥es 2024 2023 2023 Furlllture & .Mxchlner>' & ixtur¢5 Equipment 2023 Total Totol C05t At l Jatjuary Additiorxs Disp()sa]s At 31 December 7286 1,653 1,798 8.939 1,798 7,286 1.653 8,939 7286 3.451 EO,737 7,286 1.653 Accumulated Deprtti8110fi At l January Charge foT }'eaT Elsmi]Jaied D1$w)lS Ai 31 December 158 1,087 289 1,778 691 158 289 822 2,067 158 289 Nel Book Valuc At 31 D¢¢cmb¢r 6.041 8.670 7.128 1,522 8,h50 St Columb3'5 Fre¢ Church of Scotland IM)Id ritle io the form¢r Old S¢h(x>l Hou5¢ for the CornerstODe congregation, ii'ith a net book value of £175,0(M)12W3.. £175.0001. A IanSe was also purchased by Si ColumbJ'$ tt> be by tbe Cornetstone coDgregatioJi, Det bo()k iTrlue of £6?9.000 170?3.. £629.IKK)!. The l¢gal trausfer of Owe[ship of the Ctsrne25ton¢ M?n5e a]id ChurLh building ld nor beets ¢omplet¢(I bv the balsllce shth date. A5 8 resulc thes< fjss¢ts are rerallied on the Si Columba's balanc¢ 5b(%t the legal transfer of ownership tskes pl8¢c. and they are thOre not showo CorD¢rston¢'5 balance sheet. 10 Ini'estments Corn¢r51one Frtt Church of Scotlsnd docs noi hav¢ Jny ioiestNKnts12023.' none). I l Debtors restrided Re5tr4Cted Tot81 Vttrestri¢itd Restrieted Total Funds Fuids 2024 FndS Fvnds 2023 p[epaytnts & accnjed income Gift Aid receivable Oih¢T d¢biorb 875 48 923 7J41 329 7,670 87$ 48 923 7.-341 129 7,670 17
Cornerstone Free Church of Scotland Notes forming part of the financtal statements for the year ended 31 December 2024 12 CDrretyt Ilabllliles long ierm treditors L'nrestricted Restrlcted Fund5 Funds Total 2024 Uarestrlct¢d Restrltt¢d Funds F4nds Tot#1 2023 D¥e wlihim l ye•r Accruals ond dcfeTred iJcon cditOrS 2,038 1.1241 914 2.0.38 1.456 1.684 3.140 1,879 l.D29 850 655 3.990 914 Cr¢ditor5 du¢ after l Tr'ear Long temi ctedito 1.1 Allalysls ofN¢t Assets Fuud$ 2024 2024 Uttrestrteted Rts¢rl£ied 2024 Tota 202.1 2023 ijffjrestrlcted Rtttrlrted 21123 Toial ixed A55WS InvE51m¢nlS Cutteni Ass¢ts Currertt LiabililiEs Long iern) liabiliixes Nel $$ •t 31 Dee 6.621 2.049 8,670 7,535 8.650 72.922 (9141 32,123 105,045 (914) 12,945 {3.140} 65,749 (3,9? (850) 78.629 34.172 112,801 17.340 53.069 70.409 14 Mowem¢nt in Futsds Funds wr Income iJptNdlture TrnMfer5 Flld5 clf 2024 01101124 .11112124 Resiri¢led Funds Church Platit- GI]nni)n Church Plant- Levenmouih Dispewl GTOW1h Martse 4,989 10,680 12,691 {2.187} 17} 6,394 (2) 54.879 191,155) 10,673 6,392 ,614 37,890 {3951 {951 406 635 Trdit)iJig (540) 53.06fP 73.964 93.902 I,U41 34,172 Unrutricted Fund5 General Church Plant- Levenmounih Gen¢T0511y Tlardship Old School House ts prjor io Independ¢e 20,312 217,990 1175,6871 •.883 15•.4301 {5501 11,352} 61.263 45.734 39 1.395 (?,804) 117.0831 1.395 112,6801 117.083) 24,16? 134,038) 17.340 325,035 1•6? 7051 1,0411 78.629 To¢*1 fulld$ 2024 70.409 398,999 1356.6071 11?,801
St Columba's Free Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 14 Movement In Fund$ (eollt.) 2U23 cowparAtiw¢ Restrlcted funds Church PJanl- CiiknJLylon Church Pldnt- L¥£[un(Ih FuDd5 blf 1111111123 Income 4XPt•ditsre TraM$ftr$ Fvnds elf 3J112123 103 4,91r9 10.fi80 Di&pEf5al Groth 665 43.8 16651 152.7141 (3931 (l.(WS1 46,790 37,R90 1395) 195) Trnitsing Unr¢%trl¢trd funds G¢wal Church PTraiit- l£ventwih 44.652 155.053) 63,47 53.06Y 77.608 199.447) 28.669 124J57} 18,7901 750 12501 10.88? 113.7461 12).670 114.1791 241.579 1160.769 42.151 10,969 20.31! 15281 239 .395 Hanlship Old School HoiL%E pri ro Irj¢eell¢e 895 1126.5741 163.470) 117.(b83) ToiAI tompar#tlvE fudS JI23 ?86231 215,822) 70.409 Fumd purpow: Rcstrkted FuDd5'. Chiirch PlaFit- GilpNer¢on Fuikl.. rq}reSen fiJtLds received and expeoded to support church ploni for Gi]nRrtoJJ area. CliunlR Plani- L•iimouili." represenis Ivllds re¢eiv¢d and expcnded to suJ¥ort church plant lor L¢1'tZK)Uth area. J)i3peT3al- rcprescnts fwids collccied for spctiticd ¢harJtabl¢ cal¢ and 511Y generated from riodi rol It0s. Gioivth- repie5ents fi]nds r¢ceii'ed and ¢xpend¢d in the of Cornerstott¢ FCOS. Mun5e- rw¢5cllls funds rcccived attd in the maiotellance of the Malls¢. Trai¥¥- represents fvnds receii'Lxl and ¢xp¢Trd¢d in the training of stsff atMI vital volurtt¢¢ts of Corn¢r5ton¢. Fund purpD5e5: DtslELated Funds: Clwreh Plotti LÈvenmothh.. f¢PT¢sents fvnds Trxeived and LpeN[ed tg $wJport plant for Lcvenmouth arca. Generosity. rep5¢171$ fuiids coll¢ctLxt ro support thurch pldntCn* at)d missiottaries. Hurdship.. represents funds receivtd and ¢xpendcd io individuals wiihs# our Ltimmunit}"" who are facin¥ hardship. Old School Hots$È.' represent$ funds r¢ccivcd and expcnded in the rnnning of thc Old School Flousi Buildin8. CuFI.Tprior Éip iiideyend¢7I1¢"8' wents unforesetrs ctssts Mthen berotning indcpL'Ddenf of St Columba, s ihdt we thffll rwt5t.cd after ihc faci. Negaliie fund bala#ce$ for Old School Hous¥ and Costs prior to Jndepethd¢rttt wll be resolvcd ottce the trSfer of propenie5 from St Colun)ba'5 lo Cornersione has iaken ploc¢. Fund iransteTS W¢T¢ 35 awr¢d by TSle¢S and in line witli any ]rstri¢110115 or fvnding &greements. 19
St Columba's Free Church of Scotland Notes forming part of the finan¢lal statements for the year ended 31 December 2024 15 DoJathiAs and gfrfts 21124 2023 Si C.olumba' A5amtea de Di05 Leven Bapiisi church George Wat8on'4 College 20 Scheknes Wayfarcr Trust Winchburgh Church Plalll Fsc¢ Church Prcsbery- Youth weekend ow8y 1.308 360 20 654 300 20