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** ## **Contents** ||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| Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8 ## **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. Page 1 Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8 ## **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. Page 2 Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8 ## **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. Page 3 Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8 ## **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:_ Page 4 Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8 # **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 Page 5 Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8 ## **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 0￿￿gn EnveW ID.. 1C3615DA-EC3D411C-g99￿3141D098BB8 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 tn￿tee5 consider that the audit requirement of Regiilarion 10(1) (a) io (c) of the Accounis Re￿lIAtIOnS does lloi apply. Ir is ]ny reSpOI￿1blIIry 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 accOl￿t5 presellled willi those records. It also incliKks consideratioll of any Ull￿SUal itaiis or th'sclosures in the accounts. and seeks expl￿￿tionS 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 accol￿tS 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**|**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**
**2024**
**£**
177,782
800
4,326
106,574
**289,482**
202,586
**202,586**
86,896
-
86,896
3,000
89,896
1,321,218
**1,411,114**|**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**| Page 8 Docusign Envelope ID: 1C3615DA-EC3D-411C-9995-33747DD98BB8 ## **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|**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**
**2024**
**£**
1,118,336
25,566
**1,143,902**
115,101
164,979
**280,080**
12,868
**267,212**
**1,411,114**
**1,411,114**
95,734
1,315,380
**1,411,114**|**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_ Page 9 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** **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 Page 10 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** **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. Page 11 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** |**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). Page 12 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** |**7. Analysis of Expenditure**
**Charitable Expenditure**
Preaching services
Ministry Expenses
Head office remittances
Charitable donations
Presbytery dues and insurance
Heating and Lighting
Telephone
Books and Stationery
MacCallum Centre
Teaching Materials
Outing
Subscriptions
Social Events
Outreach Events
Council Tax
Media and Recording
Repairs and maintenance
Rent and rates
Salaries
General expenses
Independent Examiners Fee
Professional Fees
Depreciation
Final VAT payment for Subsidiary Company
**Total**|**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**
**2024**
**£**
2,208
1,344
59,757
9,962
4,533
13,025
340
663
889
2,225
-
208
-
25
3,788
3,702
35,724
1,269
11,125
6,698
2,076
60
32,200
10,765
**202,586**
**202,586**|**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). Page 13 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** |**8. **|**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). |**9. Tangible Fixed Assets**
**Cost / Valuation**
As at 1 January 2024
Additions
**As at 31 December 2024**
**Depreciation**
As at 1 January 2024
Charge for the year
**As at 31 December 2024**
**Net Book Value**
As at 31 December 2023
**As at 31 December 2024**|**£**
1,202,674
-
**Heritable**
**Property**|**£**
286,506
-
**Property**
**Improvemen**|**£**
12,000
-
**Motor**
**Vehicles**|**£**
47,404
3,300
**50,704**
37,495
2,332
**39,827**
9,909
**10,877**
**Fixtures &**
**Equipment**|**£**
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**| Page 14 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** |**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**|**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**
**2024**
**£**
22,566
3,000
**25,566**
**Total**
**Funds**
**2024**
**£**
729
114,372
**115,101**
**Total**
**Funds**
**2024**
**£**
12,868
**12,868**
**Total**
**Funds**
**2024**
**£**
1,118,336
25,566
280,080
(12,868)
**1,411,114**
**Total**
**Funds**
**2023**
**£**
1,147,236
22,566
157,892
(6,476)
-
**1,321,218**|**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**||| Page 15 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** |**14. Movement in Funds**
**Restricted Funds**
Fabric
Vehicle
Youth
Mercy Ministries
Communication
Outreach & Missions
Local Ministries
Third Party
Ministry & Discipleship
**Unrestricted Funds**
General
Assets Fund
Investment Fund
**Total Funds**
**Movement in Funds**
**Restricted Funds**
Fabric
Vehicle
Youth
Mercy Ministries
Communication
Outreach & Missions
Local Ministries
Third Party
Ministry & Discipleship
**Unrestricted Funds**
General Fund
Assets Fund
Investment Fund|**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)|**Transfers**
**Gains/Losses**
**£**
-
(261)
-
-
(3,039)
-
-
195
-
**(3,105)**
(195)
3,300
3,000
**6,105 **
**3,000**
**Transfers**
**Gains/Losses**
**£**
-
-
-
717
-
-
-
383
-
**1,100**
(3,546)
2,446
351
**(749)**
**351**|**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