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Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8

Scottish Charity Number: SC001082

Rosskeen Free Church of Scotland Annual Report and Financial Statements for the year ended 31 December 2024

Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8

Rosskeen Free Church of Scotland

	Page
Report of the Trustees	1
Report of the Independent Examiner	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statement	9 - 16

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Rosskeen Free Church of Scotland

Report of the Trustees for the year ended 31 December 2024

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and Activities

The Free Church of Scotland currently has over 140 congregations in Scotland, as well as 2 in London and 5 in North America, and sister Churches founded by mission work in India, Peru and South Africa. The Church also has a full time college in the heart of Edinburgh for the training of Ministers and other Christian workers and sustains an extensive Missionary programme relative to the size of the church.

Dating from 1843 but with its roots in the Reformation, it 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 accepts 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.

Rosskeen Free Church of Scotland is a congregation of the national Free Church of Scotland working towards the common aims set out above. 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 congregation is authorised by the Church to have two ministers paid from central funds of the Church.

The Church building, the Rosskeen manse and the MacCallum Centre are the property of the congregation and are held under the Church’s model trust deed. The Church Hall, Saltburn Manse, Ex Service Point and Ex Co-op are all held by the congregation.

The government of the Free Church of Scotland is Presbyterian and the congregation is within the Northern Presbytery.

Grant Making Policy

The congregation makes grants from its gift income to individuals and organisations whose aims are compatible with the congregation’s objectives.

Review of our Achievement and Performance

During the year, the church met regularly for worship and carried out various activities in pursuit of the above stated aims.

The congregation continued its commitment to support the National Free Church of Scotland both spiritually and financially.

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Rosskeen Free Church of Scotland Report of the Trustees for the year ended 31 December 2024

Review of our Achievement and Performance (cont’d)

Significant highlights, events and developments of note in the year include the following:

In relation to congregational activities:

Morning Services were held weekly at Rosskeen Church and Evening Services at the Capstone Centre. Attendances saw a steady increase throughout the year.
Both weekly services continued to be live-streamed through the Church’s YouTube channel.
Sunday School met regularly throughout term-time with a roll of approximately 30 children.
YF met before service with approximately 5 teenagers.
Three weekly prayer meetings are held, two using Zoom. The midweek in person meeting saw numbers grow across the year.
Lunch Club continued meeting once a fortnight and is a very popular ministry with 3 local care homes taking residents along via minibus. There is soup, sandwiches and baking followed by an hour of gospel music.
Knit and Natter met weekly and numbers grew across the year.
Ministry in Song, an outreach of music and testimony, met monthly in the Capstone Centre.
Youth Fellowship continued to meet fortnightly on a Saturday evening at the Capstone Centre. YF grew in the year from 4 teenagers to 11 teenagers regularly attending from a variety of congregations in the local area.
There was a successful Easter Family Service event.
The Food Bank continues to operate from the Capstone Centre. It is manned by volunteers and is well supported with donations from within the congregation and from the wider community. As well as helping to alleviate food poverty for those in crisis situations, the volunteers are ready to respond to other physical problems and to support clients emotionally and spiritually. They work hard to “lend a listening ear” and to signpost people to appropriate support agencies.
The Capstone Centre continued to be used by the Northern Presbytery and the Free Church Mission Board under a licence to occupy. In December of 2024 it was agreed by the Presbytery that the NP Connect work would cease and a Church Plant (Capstone Community Church) would be officially inaugurated within the premises.
Rosskeen Church has continued to build on its good working relationship with other congregations locally.
retained contact with various schools within the area. Ardross,
Newmore, Bridgend and Milton Primaries for regular assemblies, and Coulhill Primary for the end of term services (Easter and Christmas). There were also occasional assemblies in Park Primary and South Lodge Primary (Invergordon). There were also regular assemblies in Alness and Invergordon Academies.
Milton, Bridgend, Coulhill, Newmore and Ardross Primaries attended a ‘Christmas Unwrapped’ event at the Capstone Centre. These events are popular with the schools and are very successful outreach opportunities for us.
Invergordon Academy asked Rev Calum MacMillan, in conjunction with Rev Brian Macleod (Invergordon Parish Church) to begin a weekly drop-in within the school. Since November of 2024 operates this by himself due to the absence (and subsequent resignation) of . Initially this operated from the school café, but has migrated to the school canteen and there are good conversations taking place (including spiritual) and relationships being built within the school community.
also did some mentoring with 2[nd] year boys from Invergordon
Academy at the behest of the school.

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Rosskeen Free Church of Scotland Report of the Trustees for the year ended 31 December 2024

Review of our Achievement and Performance (cont’d)

In relation to congregational activities:

, along with two other school chaplains, continued
monthly ‘drop-in’ on the first Tuesday of each month at Alness Academy over lunchtime. It has helped develop relationships within the school, especially with the new Head Teacher.
In December, our annual ‘Carols by Candlelight’ event returned and was very well attended. We raised funds for the Highland Hospice.
We continue to work alongside other local churches and there were two Alness & District Church Collective Churches Together Services) services this year, a Good Friday Communion Service and a Community Carol Service in December. There was also a ‘Big Summer Hymn Sing’ event in August – a joint Church outdoor praise evening. The local Ministers also meet for a monthly fraternal for prayer and mutual encouragement.
The women in the congregation held a number of coffee mornings raising much needed funds for a number of causes.
The buildings and renovation team continued to look at ways to improve and maintain the church building and the Deacons Court began the process of a getting costed plans for desirable changes.
The Church formalised the sale of the MacCallum Centre.
, an independent Christian school, began using our church building as a hub for
their new school in September.
We did a congregational book study looking at ‘The Compelling Community’ and had good conversations from this. A sermon series was preached tieing into this as well.
Across the year the congregation was pleased to welcome 4 new members, with 3 departing – losing one member by death, one who has moved south to England and one who requested their membership to be withdrawn. That leaves a net increase of one member across the year.
The Church received a legacy of £13,975 from
.
took sabbatical leave in the year from May – August. Supply was provided by
a variety of different people from both within and without the congregation. This was coordinated by our Minister in Training, .
represented Presbytery at the General Assembly in May and continued to
operate as Presbytery Clerk on behalf of the Northern Presbytery.

Financial Review

Principal sources of funding

The congregation receives it funding by way of weekly offerings and Gift Aid donations.

Results for the year

The financial statements for the year are set out in pages 8 to 17. The Statement of Financial Activities on page 8 reflects net incoming resources of £89,896 (2023: net outgoing resources £11,958).

Risk Management

The Trustees assess the major risks to which the congregation is exposed on an ongoing basis and have established procedures to mitigate those that are identified as a result of these reviews.

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Rosskeen Free Church of Scotland

Report of the Trustees for the year ended 31 December 2024

Reserves Policy

It is the policy of the congregation to maintain unrestricted funds, i.e. funds not committed or invested in fixed assets, at a level which equates to approximately three months unrestricted expenditure. This allows sufficient funds to enable the ongoing work of the church to be maintained. The General Fund (page 16) at 31 December 2024 was surplus £171,478 (2023: £41,592).

Total reserves, including the net book value of fixed assets and balances on restricted funds amounted to £1,411,114 (2023: £1,321,218).

Structure, Governance and Management

Rosskeen Free Church of Scotland is established by Constitution. The church is a Scottish Charity (No. SC001082).

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 their responsibility as elder or deacon.

Key Management Personnel Remuneration

The church is Presbyterian in government and its day to day running is undertaken by the Elders (the Kirk Session) and the Deacons (the Deacons’ court). The Deacons’ Court’s specific function relates to the material and financial business of the congregation, as well as social ministry, whereas Elders are charged with the general and spiritual oversight of the congregations. {It is accepted practice for the Ministers and Elders to also be in membership of the Deacons’ Court}. Under charity law the Deacons’ Court are deemed to be the Trustees of the Congregation. (This is distinct from the role of congregational trustees responsible only for holding property in trust).

Reference and Administrative Information

Elders:

Deacons: Minister: Ministry in training:

Congregational Trustees for holding Property:

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Rosskeen Free Church of Scotland Report of the Trustees for the year ended 31 December 2024

Reference and Administrative Information (cont’d)

Principal Office: Achnagarron Church Invergordon Ross-shire IV18 0PJ Website: www.rosskeenfreechurch.co.uk

Charity Number: SC001082

Independent Examiner:

Innes & Partners Limited Chartered Certified Accountants 9 Ardross Street Inverness, IV3 5NN Bankers: Royal Bank of Scotland 60 High Street Invergordon Ross-shire IV18 0DH

Solicitors:

Macleod & MacCallum Ledingham & Chalmers Brodies LLP Solicitors & Estate Agents Kintail House 3 Fodderty Way 107 High Street Beechwood Business Park Dingwall Invergordon Inverness IV15 9XB Ross-shire IV2 3BW IV18 0AB

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Rosskeen Free Church of Scotland

Report of the Trustees for the year ended 31 December 2024

Trustees’ Responsibilities in relation to the Financial Statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 6 June 2025 and signed on their behalf by:

Minister / Trustee

Page 6

0gn EnveW ID.. 1C3615DA-EC3D411C-g993141D098BB8 Rosskeen Free Church of Scotland Report of the Independent Examiner for tbe year ended 31 December 2024 I Teport on the accounts of the clwity for the year ended 31 Decanber 2024 wbich aTC Set out on pages 8tol7. Respective re5POD5ibiJitifS of ttTrstefS aDd examiller. The charity's trustees are responsible for the preparation of the accoullts ill accordance with the tenns of the Charities and Trllstec bivestmcnt (Scotland) Act 2005 and die Charihes Accoiuits (Scotland) Regulations 2006 (as amended). The clwity's tntee5 consider that the audit requirement of Regiilarion 10(1) (a) io (c) of the Accounis RelIAtIOnS does lloi apply. Ir is ]ny reSpOI1blIIry lo examine tILe accounts as required under section 44(1) (c) of the Act and to state whether particular atters have come to my attenlion. Basis of indepelldellt examinei's slatemellt. My exa]llinatioll is catried out in accordance wilh Reglilalioll I l of the Clwiiies Accoullis {Scoiland) Regulations 2006. An exalliination incliides a review of the accoulltjng records kept by the charity alld a comparison of rhe accOlt5 presellled willi those records. It also incliKks consideratioll of any UllSUal itaiis or th'sclosures in the accounts. and seeks expltionS from tlie Irustees conceniing any such atters. The pi'ocedures undertaken do not p'ovide all the evidence tbai would be required in audiL and consequently I do llot express an audit opinion on the view given in the accounts. Independellt exAmlner's slateme])t. Ill the cowse of niy examllllltion, no inatter has conie to my attention.. wliirh wvc5 nic i¢asonabl¢ causc to bch¢v¢ ihat in any u]at¢iial T¢SP¢Ct th¢ r¢quirancnts'. to keep accountillg records in accordallce with section 44(1) (a) of tbe 2W5 Act and Rcgulatioii 4 of thc 2(K)6 Accounts Rcgulations (as atn¢nd¢d) and to prepare accoltS wl)ich accoi'd with the accounting records and comply with Regulation 8 of the 2006 Accoullls Regulaiiolls (as amellded) have not been D]eL or 2. to which, ill my opinion, attelltion should be drawn in order to enable a proper understandmg of Ibe accoulllg lo be l'eached. IJ]lles & Panneis Lijnited Chart¢T¢d Ccitificd Accountants 9 Ardross Street Invcn)css IV3 5NN Date.. 6 June 2025 Page 7 |+P Innes & Partners CliarlEieLI CErlih"e¥J AccDunloiit5

Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8

Rosskeen Free Church of Scotland

Statement of Financial Activities for the year ended 31 December 2024

Note Unrestricted Funds £ Income Donations and Legacies 3 104,750 Charitable Activities 4 - Investments 5 3,712 Other 6 106,574 Total Income 215,036 Expenditure Charitable Activities 7 117,155 Total Expenditure 117,155 97,881 Transfers between funds 13 3,105 100,986 3,000 Net Movement in Funds 103,986 Reconciliation of Funds Total Funds Brought Forward 1,211,394 Total Funds Carried Forward 13 1,315,380 Net income/(expenditure) before gains/(losses) on investments Gains/(losses) on investment assets	Restricted Funds £ 73,032 800 614 -	Total Funds 2023 £ 132,126 7,574 589 -
215,036	74,446	140,289
117,155	85,431	152,598
117,155	85,431	152,598
97,881 3,105	(10,985) (3,105)	(12,309) -
100,986 3,000	(14,090) -	(12,309) 351
103,986 1,211,394	(14,090) 109,824	(11,958) 1,333,176
1,315,380	95,734	1,321,218

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Rosskeen Free Church of Scotland Balance Sheet as at 31 December 2024

Note Unrestricted Funds £ Fixed Assets Tangible assets 9 1,118,336 Investments 10 25,566 Total Fixed Assets 1,143,902 Current Assets Debtors 11 113,328 Cash at Bank and in Hand 69,846 Total Current Assets 183,174 Liabilities 12 11,696 Net Current Assets/(Liabilities) 171,478 Total Assets less Current Liabilities 1,315,380 Net Assets 13 1,315,380 The Funds of the Charity Restricted Income Funds - Unrestricted Funds 1,315,380 Total Charity Funds 14 1,315,380 Creditors falling due within one year	Restricted Funds £ - -	Total Funds 2023 £ 1,147,236 22,566
1,143,902	-	1,169,802
113,328 69,846	1,773 95,133	11,314 146,578
183,174 11,696	96,906 1,172	157,892 6,476
171,478	95,734	151,416
1,315,380	95,734	1,321,218
1,315,380	95,734	1,321,218
- 1,315,380	95,734 -	109,824 1,211,394
1,315,380	95,734	1,321,218

The notes on pages 10 to 17 form part of these accounts.

The accounts were approved by the trustees on 6 June 2025 and signed on their behalf by:

Trustee

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Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

1. Accounting Policies

Basis of Preparation and Assessment of Going Concern

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), and UK Generally Accepted Accounting Practice.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements.

Funds Structure

For the purpose of the Statement of Financial Activities as shown on page 8, funds are defined as follows:

Unrestricted funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds.

Designated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes.

Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.

Income Recognition

All voluntary income and bank interest is accounted for when received. Income from tax recoveries on Gift Aid is accounted for on the accruals basis.

Expenditure Recognition and Irrecoverable VAT

Expenditure is recognised on an accruals basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.#

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Tangible Fixed Assets and Deprecation

Heritable property is stated at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Heritable Property & Property Improvements 2% straight line Fixtures and equipment 20% reducing balance Minibus 20% reducing balance

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Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

1. Accounting Policies (cont’d)

Fixed Asset Investments

All investments are shown in the accounts at market value.

Donated goods

Donated goods are measured at their values unless it is impractical to measure the fair value reliably. Fair values are estimated based on the cost of the item to the donor.

Donations include the value of assets gifted to the church on cessation of Rosskeen Trading Limited.

2. Related Party Transactions and Trustees’ Expenses and Remuneration The Trustees received no remuneration or expenses during the year (2023: nil) in their capacity as Trustees.

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Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

3. Donations and Legacies Individuals Gift Aid Offerings Income Tax Reclaim Other Donations Other income Legacies	Unrestricted Funds £ 29,157 54,377 18,282 - 2,934 -	Restricted Funds £ 7,180 17,443 4,507 2,255 27,172 14,475	Total Funds 2024 £ 36,337 71,820 22,789 2,255 30,106 14,475 177,782	Total Funds 2023 £ 31,979 60,822 14,580 1,420 23,025 300
	104,750	73,032		132,126

Income from donations and legacies was £177,782 (2023: £132,126) of which £104,750 was unrestricted (2023: £95,722) and £73,032 was restricted (2023: £36,404).

4. Charitable Activities Hall Hire	Unrestricted Funds £ -	Restricted Funds £ 800	Total Funds 2024 £ 800 800	Total Funds 2023 £ 7,574
	-	800		7,574

Income from charitable activities was £800 (2023: £7,574) of which £nil was unrestricted (2023: £nil) and £800 was restricted (2023: £7,574).

5. Investments Interest Dividends	Unrestricted Funds £ 3,712 -	Restricted Funds £ - 614	Total Funds 2024 £ 3,712 614 4,326	Total Funds 2023 £ 18 571
	3,712	614		589

Total investment income was £4,326 (2023: £589) of which £3,712 was unrestricted (2023: £18) and £614 was restricted (2023: £571).

6. Other Proceeds on property sale	Unrestricted Funds £ 106,574	Restricted Funds £ -	Total Funds 2024 £ 106,574 106,574	Total Funds 2023 £ -
	106,574	-		-

Total other income was £106,574 (2023: £nil) of which £106,574 was unrestricted (2023: £nil) and £nil was restricted (2023: £nil).

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Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Unrestricted Funds £ 2,208 1,268 59,757 60 4,533 8,976 177 - - - - - - - 3,036 - - 1,269 - 1,595 2,076 - 32,200 -	Restricted Funds £ - 76 - 9,902 - 4,049 163 663 889 2,225 - 208 - 25 752 3,702 35,724 - 11,125 5,103 - 60 - 10,765	Total Funds 2023 £ 1,907 3,050 53,080 7,805 8,553 12,262 1,602 2,677 250 47 441 198 191 - 5,433 2,046 5,800 2,029 3,708 7,426 1,980 20 32,093 -
117,155	85,431	152,598

117,155	85,431	152,598

Support costs have not been separately identified as the trustees consider that there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.

Expenditure on charitable activities was £202,586 (2023: £152,598) of which £117,155 was unrestricted (2023: £116,502) and £85,431 was restricted (2023: £36,096).

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Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Analysis of Staff Costs	Total	Total
	2024	2023
	£	£
Salaries and wages	10,094	3,333
Employers National Insurance	114	42
Pension costs	917	333
	11,125	3,708
	Total	Total
	2024	2023
	Number	Number
Administration and support	1	1
	1	1

No employee had remuneration including benefits in excess of £60,000 (2023: £nil).

£ 1,202,674 - Heritable Property	£ 286,506 - Property Improvemen	£ 12,000 - Motor Vehicles	£ 1,548,584 3,300 Total
1,202,674	286,506	12,000	1,551,884
304,584 24,053	47,683 5,732	11,586 83	401,348 32,200
328,637	53,415	11,669	433,548
898,090	238,823	414	1,147,236
874,037	233,091	331	1,118,336

The church's heritable property comprises the following:

The church's heritable property comprises the following:
Valuation Church Buildings Old Co-op Building Old Rent Office Total valuation at 31 December 2024	£ 910,000 124,674 168,000
	1,202,674

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Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

10. Investments Market value as at 1 January 2024 Unrealised gain / (loss) on investments Market value as at 31 December 2024 The followings investments are held: 4,387 Share Pool Units are held with the Free Church of Scotland 400 3.5% War Stock 11. Analysis of Debtors Unrestricted Restricted Funds Funds £ £ Prepayments and accrued income - 729 Other debtors 113,328 1,044 113,328 1,773 12. Analysis of current liabilities and long term creditors Unrestricted Restricted Funds Funds £ £ Due within 1 year Accruals and deferred income 11,696 1,172 11,696 1,172 13. Analysis of Net Assets Among Funds Unrestricted Restricted Funds Funds £ £ Fixed Assets 1,118,336 - Investments 25,566 - Current Assets 183,174 96,906 Current Liabilities (11,696) (1,172) As at 31 December 2024 1,315,380 95,734 Analysis of Net Assets Among Funds Unrestricted Restricted Funds Funds £ £ Fixed Assets 1,147,236 - Investments 22,566 - Current Assets 47,957 109,935 Current Liabilities (6,365) (111) As at 31 December 2023 1,211,394 109,824	10. Investments Market value as at 1 January 2024 Unrealised gain / (loss) on investments Market value as at 31 December 2024 The followings investments are held: 4,387 Share Pool Units are held with the Free Church of Scotland 400 3.5% War Stock 11. Analysis of Debtors Unrestricted Restricted Funds Funds £ £ Prepayments and accrued income - 729 Other debtors 113,328 1,044 113,328 1,773 12. Analysis of current liabilities and long term creditors Unrestricted Restricted Funds Funds £ £ Due within 1 year Accruals and deferred income 11,696 1,172 11,696 1,172 13. Analysis of Net Assets Among Funds Unrestricted Restricted Funds Funds £ £ Fixed Assets 1,118,336 - Investments 25,566 - Current Assets 183,174 96,906 Current Liabilities (11,696) (1,172) As at 31 December 2024 1,315,380 95,734 Analysis of Net Assets Among Funds Unrestricted Restricted Funds Funds £ £ Fixed Assets 1,147,236 - Investments 22,566 - Current Assets 47,957 109,935 Current Liabilities (6,365) (111) As at 31 December 2023 1,211,394 109,824	Total 2023 £ 22,215 351
		22,566
		Total Funds 2023 £ - 11,314
113,328	1,773	11,314
	Restricted Funds £ 1,172	Total Funds 2023 £ 6,476
11,696	1,172	6,476
Unrestricted Funds £ 1,118,336 25,566 183,174 (11,696)	Restricted Funds £ - - 96,906 (1,172)	Total Funds 2023 £ 1,147,236 22,566 157,892 (6,476)
1,315,380	95,734	1,321,218
Unrestricted Funds £ 1,147,236 22,566 47,957 (6,365)	Restricted Funds £ - - 109,935 (111)
1,211,394	109,824

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Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

As at 01.01.2024 £ 47,288 217 8,222 10,975 7,786 5,471 4,803 1 25,062	Incoming Resources £ 5,300 44 3,760 - 10,810 11,008 27,216 8,648 7,660	Outgoing Resources £ (32,764) - (3,364) (1,468) (4,831) (1,168) (22,044) (8,344) (11,448)	As at 31.12.2024 £ 19,824 - 8,618 9,507 10,726 15,311 9,975 500 21,274
109,824	74,446	(85,431)	95,734
41,592 1,147,236 22,566	215,036 - -	(84,955) (32,200) -	171,478 1,118,336 25,566
1,211,394	215,036	(117,155)	1,315,380

1,321,218	289,482	(202,586)	1,411,114
As at 01.01.2023 £ 41,735 142 7,713 11,041 7,705 4,681 2,045 405 24,805	Incoming Resources £ 6,577 75 3,659 867 2,780 2,233 18,240 5,028 5,090	Outgoing Resources £ (1,024) - (3,150) (1,650) (2,699) (1,443) (15,482) (5,815) (4,833)	As at 31.12.2023 £ 47,288 217 8,222 10,975 7,786 5,471 4,803 1 25,062
100,271	44,549	(36,096)	109,824
33,807 1,176,883 22,215	95,740 - -	(84,409) (32,093) -	41,592 1,147,236 22,566
1,232,905	95,740	(116,502)	1,211,394

1,333,176	140,289	(152,598)	1,321,218

Page 16

Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Fund Purposes:

Restricted Funds:

The Fabric Fund encompasses all income and expenditure relating to the upkeep of the properties belonging to Rosskeen Free Church.

The Vehicle Fund encompasses all income and expenditure relating to the upkeep and running costs, including insurance, of the Church mini-bus.

The Youth Fund encompasses all income and expenditure relating to the activities and running costs of Rosskeen Sunday School , Milnafua Sunday School , Frogz , Youth Work, Little Nippers, Mums and Toddlers and The Saturday Club.

The Mercy Ministries Fund encompases all income and expenditure relating to the Common Good Fund , the Road to Recovery Fund and the Seeds of Hope Fund .

The Communication Fund encompases all income and expenditure relating to the Magazine Fund and the Media and Recording Fund .

The Outreach and Missions Fund encompasses all income and expenditure relating to the Missions Fund , Ministry in Song Fund and Community café .

The Local Ministries Fund encompasses all income and expenditure relating to the rental and running costs of the MacCallum Centre and Capstone Offices .

The Third Party Fund encompasses all income and expenditure relating to donations collected and paid over to Third parties.

The Ministry & Discipleship Fund encompasses all income and expenditure relating to the ministry of the church.

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.

The Designated Assets Fund encompasses the net book value of the fixed assets held by the church.

The Investment Fund encompasses the net book value of the investments held by the church.

15. Subsidiary Company

The charity owns the whole of the issued ordinary share capital of Rosskeen Trading Limited, a company registered in Scotland. The subsidiary is used for non-primary purpose trading activities. The transactions between the entities are on normal commercial terms. A summary of the results of the subsidiary is shown below:

Turnover Cost of Sales Gross Profit Administrative Expenses Government Grants Loan Write-off Taxation Net loss The aggregate of the assets, liabilities and funds was: Assets Liabilities Funds (representing 1 ordinary shares of £1 each)	Total 2024 £ - - - - - - - - - - -	Total 2023 £ - -
		- (296) - - -
		(296)
		13,386 (10,253)
		3,133

Page 17

2024-12-31-accounts

Rosskeen Free Church of Scotland

Contents

Rosskeen Free Church of Scotland

Report of the Trustees for the year ended 31 December 2024

Objectives and Activities

Grant Making Policy

Review of our Achievement and Performance

Rosskeen Free Church of Scotland Report of the Trustees for the year ended 31 December 2024

Review of our Achievement and Performance (cont’d)

Rosskeen Free Church of Scotland Report of the Trustees for the year ended 31 December 2024

Review of our Achievement and Performance (cont’d)

Financial Review

Principal sources of funding

Results for the year

Risk Management

Rosskeen Free Church of Scotland

Report of the Trustees for the year ended 31 December 2024

Reserves Policy

Structure, Governance and Management

Appointment of Charity Trustees

Key Management Personnel Remuneration

Reference and Administrative Information

Rosskeen Free Church of Scotland Report of the Trustees for the year ended 31 December 2024

Reference and Administrative Information (cont’d)

Rosskeen Free Church of Scotland

Report of the Trustees for the year ended 31 December 2024

Trustees’ Responsibilities in relation to the Financial Statements

Rosskeen Free Church of Scotland

Statement of Financial Activities for the year ended 31 December 2024

Rosskeen Free Church of Scotland Balance Sheet as at 31 December 2024

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Basis of Preparation and Assessment of Going Concern

Funds Structure

Income Recognition

Expenditure Recognition and Irrecoverable VAT

Tangible Fixed Assets and Deprecation

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Donated goods

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Rosskeen Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2024

Fund Purposes:

Restricted Funds:

Unrestricted Funds:

15. Subsidiary Company