The Church of Scotland Mid Strathearn Church of Scotland Congregation No: 281709 Charity No: SC002209 Fully Accrued Financial Statements I" January 2025 to 31" December 2025
Mid Strathearn Church of Seotland Financial Statements for the year Ended 3151 December 2025 Trnstees, Annual Report The trnstees present their annual rqK)rt and financial stat¢ments of the charity for the year ¢nded 31, tkccmber 2025. The financial statements hai'e been prepared in accordance with the accounting EX)lici¢s set out in the accounts and comply with th¢ General Assembly Regulations for Congregational Finance. the Charities and Trustee Investment (Scotland) Act 2005, th¢ Charities Accounls (Scotland) Regulations 2006 (&s amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reportlng Standards applicable in the UK and Republic of Ireland effective from l January 2019 Objectives and Activities The Church of Scotland is TrinitaTian in doctrine, Refornied in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ s Kingdom throughout the world. As a national Church it acknowledges a distinclive call and duty to bring ordinances of religion to every parish of Scotland through a terrilorial n]inisty. It cooperates with oiher churches in various ecumenical bodies in Scotland and Ixyon(L Locally. Mid Strathearn Church provides services of worship each Sunday and periodically runs differing events for non-church members as well as young adults and ¢hildten. Achievements and perfonnance WoTship in the Congregation continued each week and w&$ held in each of the 4 Church buildings Monzie, Fowlis Wester, Madderty and Gask - on a Tota basis. Rev Bob Milne remained as locum and was appointed as Interim Moderdtor on 4 June 202). Caf¢ Church continued to be heEd in the halls, recognising that this w&s the main fonun through which young¢r families attend Church. Social events were held throughout the year and the Church retained contact with the 4 local communities through the issue of E&ster greetings and Christmas Cards b¢ing delivered along with a Church newsletter at the appropriate season. Thanks to funding received from The McLagan Trust in 2023. activities were organised for the Senior Adults in the congregation by way of a very sucSsful outing in the sutnmer. Messy Church was organised on two occasions and at each large numbers of adults and their chilthen enjoyed stimulating activity, good food and happy fellowship. Congregational life continued to be inlluenced by the challenges of the current Presbytery Mission Plan which envisages large scal¢ reorganisation of Congregations and Ministy provision. Our Congregation will not 80 unaffected by this. and discussions continue amongst the Kirk Session and including the wider congregation to develop an internal Mission Plan. Financial review The finance subcommittee of the Kirk Session advises the Kirk Session of any issues of a financial nature that they see developing. Ian Roy remain as Church Treasurer and the role is supported by Assistant Tr¢asurers - Alex Haddow, Archie Mclntyre, Gill Philip and Craig Robson who make up the finan¢e subcommittee.
Mid Strathearn Church of Scotland Finaneial Statements for the year Ended 31st December 2025 Trnstees, Annual Report (cont'd) Finaneial review Financially the year 2025 can be described as chaIlenging with the Congregation turnIng a deficit before investment revalualion totalling £7.089 (2024 - surplus of £6.858). These are challenging times in many congregations and Mid Stszthearn Church is not unaffected by pressure on giving and increasing costs. The fllwicial position at the end of the year remains satisfactory and the congregation r¢mains fll)ancially viable. Inveslments also grew in value, so adding to the 'rainy day, fimds s¢¢n reserves available to Congregational life of £189.730 (2024 - £191,403). The Manse continues to be let. Th¢ rental for the Manse is paid directly to the Church of Scotland centrally and th¢ congregation is able to claim back certain associated expenses. A clain] totalling around £10.254 was made in 2025 to cover repai[5 of a fabric natse in all 5 buildings in keeping with the Kirk Session's desired to keep all buildings in good condition. Investment policy and perfornianee The church holds investments in the Church of Scotland Income Fund and the Church of Scotland Growth Fund as per note 9. The primary pu)Se of these investments is to support the congregation should a significant unplanned financial challenge arise. If such a situation arose it would be very difficult to raise funds of any significance from nOrnI operating income. Secondly. inveslment income helps each year with the norn]al day-to-day activities of the Church. During 2025 it has not been necessary to call on th¢sc res¢rves in any way. Risk management The PTinciple of dual control Is applied whenei'er c&8h is being moved or banking transactions perforned. A professional firm is engaged to perforni the indepcndent examiner role. The financial eonduct policy previously approved by ihe Kirk Session was reviewed in 2023 and a final version of that policy was approved when the Kirk Session met in January 2025. Reserves policy It is the Trustees, p)licy to hold unrestricted reserves equivalent to Approximately 6 months, worth of expenditure including sums held in desigDal¢d funds. Unrestricted flmds". these fimds include £93,663 (2024- £88,811) of inv¢stments. Cash in hand plus debtors amount to £61.155 (2024 - £66,958). The Trustees are aware that unrestricted funds may be used for expensive unplanned repairs and maintenance in the future. In totaI. at the end of the year the Church held Unrestricted Funds of £153.222 (2024 £154,059). This included GiftAid receivable of£6.385 (2024- £6,113) and creditors of £1,595 (2024-£1,710). Restricted and Endowment lld5 are held of £16.951 (2024- £18,353) and £19.557 (2024- £18.991) respectively. The purpos¢s of these funds is described on page 13 of the accounts.
Mid Strathearn Church of Scotland Fitiancial Statements for the year Ended 31A December 2025 Thistee8' Annual Report (CODt'd) Structure and governance and maDAgement The congregation is a registered charity. number SC 002209 and is administered in accordance with the temis of the Model Deed of Constitution (Deed of Constitution (Unitary form)) and is subject to the Acts and Regulations of th¢ General Assembly of the Church of Scotland. Members of the Kirk Session and the Church Treasurer are the Charity's trustees. The Kirk Session members ar¢ the elders of the church and are chosen from those members of the church who are considered to have appropriate gifts and skills. The Interim Moderator is a member of the Kirk Session. Certain responsibilities are delegated to the Finance Committee and the Property Committee as appropriate. The Kirk Session meets at least 4 times a year and is also responsible for the spiritual affairs of th¢ congr¢gatkon. Mr Craig Robson and Mr Donald Simpson retired from th¢ Kirk S¢ssion during th¢ year. The Roll of the Kirk sessio the Tnee$ ol the Charity. at the date of approval of these accounts is set out on page 4.
Mid Strathearn Church of Seotland Financial Statements for the year Ended 31" December 2025 Trnxtee8' Annual Report (cont'd) Reference and AdmiDi$lrntive InfomAtion (at dgte of approval of Financial Statements) Changes to Trustees during the year arc reported on page 3. Trustees Prof N Beech Mr P Calendar Mrs S Crawford Mr J Findlay Mrs O Guest Mrs S Maclean Mr J Peock Mr N Bremn¢r Mr D Cameron Mr T Carnii¢hael Mr D Florence Mrs S Haddow Mr J Maclean Mrs A Buchan Mrs E Cameron Mrs A Cramb Mr J Cvue5t Mrs E Lyall MrA Mclntyre Prin¢ipal Office Bearers Interim Moderator: Rev Bob Milne Miss Marjorie Clark (from 4° June 2025) (until 4 Jun¢ 2025) Session Cl¢rk: Mrs S Crawford Church Treasurer Mr Ian Roy Contact Address 7 Turretbank Place. Crieff, PH7 4LS Charity Registration Numb¢r SC002209 Independ¢nt Examiner Count (Scotland) Ltd The Old Byre Mill Hills Fami Cri¢ff. PH7 3QW Principal Bankers Charities Aid Foundation (CAF) Bank Limited 25 Kings Hill Avenue West Malling Kent. ME19 4JQ
Mid Strathearn Church of Seotland Finan¢ial Statements for the year Ended 31 December 2025 Trustees, Annual Report (cont'd) Truste. Responsibilities in Relgtion to Financial Statements The chaTity trustees are responsible for preparing Trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Prdctice). The law applicable to chaTities in Scotland requires the cbarity trustees to prepare financial slatements for each year which show a true and fair view of the state of affairs of the Charity and of the income and the expenditure of the charity for thar period. In preparing the financial statements the trustee5 ar¢ required to: Select suitable accounting policies and apply them consist¢ntly' Observe the method and principles in the applicable Charities SORP. Make judgements and estimates that are reasonable and prndent. State wheth¢r applicable accounting standards and statements of recomtnended practice have been follow'ed, subject to any departures disclosed and explained in the financial statements. Prepare th¢ financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence. The trustees are reswnsible for keeping adequate accounting records that ar¢ sufficient to show and explain the charities transactions and disclo with reasonable accuracy at any time the rinancial position of the charity and to enable them to ensure that the fmancial statements comply with the CILarities and Trustee investment (Scotland) Act 2005. the Charities Accounts Scotland Regulations 2006 (&s amended) and the Constitution. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and the financial infomtIOn on the congregation's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ frorn legislation in other jurisdictions Approved by the trwees and signed on their b¢half. 5 . C(aLo' fcY& S Crawford - Session Clerk ioth March 2026
Mid Strathearn Chureh of Seotland Financial Statements for the year Ended 31" December 2025 Indeptadent Examiners report to th¢ Trustees of Mid Str4theRrn Church of S¢otland Year ended 31st Deeember 2025 I report on the accounts of the charity for the Jear ended 31 De¢¢mber 2025 which are set out on pages 7 to 16. This re[ is made to thc truste4 as a Ixjdy. in accordance with the tern]s of my engagem¢nL My wot has been undertaken to enable me to report my opinion set oul low and for no otherpurFW. To the fi¢st cxtentpermitted by law I do not accept or SuM¢ spo81b11Ity to anyone other than the tnrt a body. for my WO or this reN)rt. Reypective responsibilllk5 of Trustees and Euminer The charity trustees are reswjnsiblc for the pryarntion of the accounts in a¢[dance with the temis of the Cliarities and Trustee Investment {Scotland) Act 2005 and the Charities Accounts (Scotland) Re8ulions (&s amended). The charity trustces C4)ngidtt that the alIt requirement of Regulations 10 ( I) (a) to (Q) of the 2006 Ac¢oLmts Regulations does not apply. li is my res)nSIbl11ty to examiae the accounts required under scction 44 (1) (c) of the Act a1 to sta whether particular matters have Come to my attention. Basis of Independent Examiner's stAtement My examinalion is carried out in accordance with Regulation I l of the Charities AOuntS (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the clwity and a comparison of the OUn1S presented with those recoTds. It also includes CO81deratiOn of any unwsual items or disclosures in the accounts and seeks explanations from the trustees concenllng any such matte[5. The proceduffs undertaken do not provide all the evidence that would be reqllired in an audit and consequently I do not express an audit opinion on the view given by the a¢counLS. Independent Exxminer statement In th¢ cours¢ of my examinion. no matter has come to my attention which gives me sOnable ca¢ to believe th&t io ally malezial respect requirements.. to keep accounting records in aixordance with section 44 (1) (a) of the 21)05 Act and Regulation 4 of the 2006 Accounts Regulations. and to prepare the accounts which accord with the accounting records and comply with Regulaiion 8 of the 2(K A¢counL8 Regulations have not been meL or 2. tsj wthicK in my opinion menti(m should be drawn in order to enable a proper understanding of the accounts t(} bc reached. Angela Wirf CA Count (Soxland) Ltd The Old Byre Mill Hill Farni Crieff. PH7 3QW Date 12March 2026
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Mid Strathearn Chureh of Seotlxnd Finan¢ial Statements for the year Ended 3111 Dffejnber 2025 ststement of Aecounting Policies The principal accounting lICies. which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are as below. Basis of preparation The financiaI 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 Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) effective from I" January 2019, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulation 2006 (&5 amended). Fund Vdceounting Funds are classified as either restricted futth or unrestricted fund& defmed as follows: Restricted Funds are fimds subject to specific Tequirements &s to the use which May be declared by the donor or Thith the authority or created through legal processes. but still within the wider objects of the charity. Unrestricted Funds are expendable at the dÉscretion of the trustees in fiJrther8nce of the objects of the charity. If parts of the unresthcted fld$ are earniarked at the discretion of the tnteeS for a particular purpose. there a designated as a separate fLmd. The designation has an adn]inistrdtive purpose only and does not legally restri¢t the trSteeS discretion to apply th¢ fund. Endowment funds are funds which have FKen given on the condition tt th¢ original capital sum is not reduce(L but that the income therefrom is used for the purpose defmed in accordance with objects of the charity. Going eoncern The trustees consider that there ar¢ no material uncertainties alx)ut the ability of the charity to continue for the foreseeable future. and therefore h&s adopted the going Concern basis in preparing these financial slalements. Recognition of income tncome is recognised when the charity has entitlement to the fimds. when any perforn)ance conditions atta¢hed to the items of income have b¢¢n met and when it is probable that the income will be received and the amount can b¢ measured reliably. Donations are recognksed when the charity b&s been notified in writing of both the amount and the settlement dal¢. In the event that the doDation is subject to conditions that require a degree of perforniance before the charity is entitled to the funds. the income is deferred and not recognised until either these conditions are fully met or the fulfilment of these conditions is wholly within the control of the clwity and it is probable that these conditions will be fulfilled in the reporting F¢TiOd.
Mid Strathearn Church of S¢otland Financial Ststements for the year Ended 31st December 2025 Statement of Accounting Polieies (cont'd) l Reeognition of income {cont'd) Legacy gifts are recognised on a ca5e-by-case b2sis following confmnation when the Executor for the Estate has communicated in writing both the amount and settlement date. In the event that the gift is in the forn] of an asset other than cash or a financial &8set trad¢d on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable and the title to the &8set having been transferred to the chaTity. Interest reeeivable and other ineome Interest on fiu)ds held on deposit is included when receivable and wh¢n the amount can be measured reliably. In general volunt¢cr time of congregation members is not quantifiable and therefore not recognised in the accounts. Recognition and allocation of expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis and is recognised when there is a legal or contractive obligation to pay for the expenditure. Fixed Assets The charlty has the right to occupy and use for its charitable objects certain tangible fixed assets including th¢ churches, halls and manse, vested in the Church of Scotland Gen¢Tal Tru5tces. No consideration is payable for the use of those assets. Expenditure incurred on the repaiT and maintenance of those &8sets is charged to resources expended in the period in which the liability arises. All iangible fixed &ssets costing in excess of £5.000 having a value to the charity greater than l year, other than those required for specific purposes, are capitatised. Investments Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased during the year. the differen¢¢ between cost and market value at the end of thc year. Realised gains and losses represent the difference between the Proceeds on disposal and the market value at the start of the year or cost if purchased in the year. Taxation Mid Strathearn Church is recognised as a charity for the purposes of applicable tax legislation and therefore is not subject to t&x on its charltable activities. Th¢ ckwity is not registered for VAT and resources expended therefore include IVerable input VAT. Cash and Cash equivalents Cash and cash equivalents include cash in hand and depK)sits held with the Investors Trust. Debtors and creditors Trade and other debtors are recognised at the settlement amount due after any discounl is offered. Prepayments are valued al the amount pre-paid net of any discounts all. Creditors are nomlY recognised at their settlement amount after drawing for any trade discounts. io.
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Mid Str8thearn Church of Scotland Notes Forniing part of the fm4neial ststements for the year ended 31$t December 2023 7. Staff and Other Costs The Charity has no employees (2024 - nil). The locum was reimbured £1.686 (2024- £1,086) in respect of mileage expenses. The Charity has no respK)nsibility for Council Tax as the Manse is let out to ext¢rnal tenants. All Church of Scotland congregations contribute to central costs under a scheme known as Giving to Grow (fornierly Ministy and Mission). This fund bears the cost of minister's stipend5, employ¢rs national contributions for national insurance. pension and housing and loan fund. Ministerfs stipends are paid in aOrdanCe with the naiional stipend scale, which is related to years of service. For the year under review th¢ minimum stipend was £32,433 (2024 - £31,642) and the rnaximum stipend (in the fifth and subsequent years) was £39,856 (2024 - £38.884). 8. Trnstee Remuneration and Related Party Transactions During the year 2 (2024 - 4) trustees rcived reimbursement for expense5 totslling £1,722 (2024 - £1,889). All pa>Tnents required the approval of two Members of the finance team and in all e5 no personal benefit was derived from the expense. Trustees donated £13,035 (2024 - £14.140) in identifiable sums. Trustees and members donate a good amount of time for the benefit of the Church. 2025 2024 9. Investments Market value at 31 st December 2024 Unrealised (loss) I gain on investhients Market value at 3 1st December 2025 107.802 103,330 5.416 4.472 113.218 107,802 Investments at cost 80.474 80.474 10. Debtors Gift Aid T&x Refund Due 6,385 6,113 I l. Creditors Accruals 1.595 1.710 13
Mid Strathearn Church of Scotland Notes Formlng part of the financial statements for the year ended 31st DeMber 2025 12. Analysis of Net Assets Among Funds Year ended 31st December 2025 Investments Current Assets Curyent Liabilities Net Assets at 31st December 2025 Genernl Designated Rcstrkted Endowment Totsl 93,661 61.155 (1,595) 153,221 19,557 113,218 78,106 (1,595 19,557 189.730 16,951 16,951 Year Ended 31st December 2024 Investments Current Assets Current Liabilities Net Awts at 31st Dember 2024 88.811 61.639 (1,710) 148,740 18.991 107,803 85.309 (1,710 18.991 191,403 5.317 18,353 5,317 18.353 IstJ•n 2025 Income Expelld- Cain Iooss) 31st De¢ ithre Transfers Investmen¢s 2025 13. Movement in Funds Year ended 31st December 2025 Endowment Funds M A McEwan Fund 18,991 566 19,557 Unrestricted Funds Investments Designated Fabric Fund Designated Flower Fund Genernl Fund 88.811 5.000 317 59.931 154.059 4,850 93.661 5,000 317 54,243 4,850 153.222 56,798 (62,485) 56,798 (62.485) liestri¢¢ed Funds Youth Work Fund l Messy Church Senior Citizens Fund Sounc Organ and Outreach Fund 2017 Mission / Outreach Fund Sunday School Mission Fund Sally Hunter Music Fund Madd¢ty Fabric Fu1 4.022 1,281 1.862 6.138 2.388 663 2,000 18,354 191,404 (986) (415) 3.035 866 1,862 6,137 2.388 663 2,000 16,951 5,416 189.730 (1,401 56,798 (63,887) Totsl Funds 14
Mid Slrathearn Church of Scotlanql Notes Forming part of the fiDancial statements for th¢ year ended 31st December 2025 AtlJan 2024 Income Expend - Gain l (loss) At31 Dtt iture Transfe Investments 2024 13. Movement ia Funds Year ended 31$t December 2024 Endowment Funds M A McEwan Fund 18,819 172 18,991 Unrestrieted FuDds Invements Designated Fabric Fund Designated Flower Fund General Fund 84,511 5.000 317 51.211 141,039 4.300 88,811 5.000 317 59.931 4.300 154.059 88,348 (79.628) 88.348 (79,628) Restricted Funds Youth Work Fund / Messy Church Senior Citizens Fund Sound, Organ and Outreach Fund 2017 Mission l Outreach Fund Sunday School Mission Fund Sally Hunter Music Fund Madderty Fabric Fund 5227 .938 1,862 6.138 2,388 663 {1,205) (657) 4.022 1,281 1.862 6,138 2,388 663 2,000 18.354 20.216 (1.862) Total Funds 180.074 88,348 (81.490) 4,472 191,404 Purposes of Endowmcnt Funds M A McEwan Fund provides unrestricted funds for general use by the congregation Purposes ofRestricted Funds Youth Work Fund.. - financed by the Hay McLagan Trust to develop youth and child activities within Madderty Senior Ciliz¢nw Fund.. financed by the Hay McLagan Trust to provide for Senior Citizen5 within Madderty. Purposes of Restricted Funds Sound, Organ and Oulreaeh Fund.. financed previously by Presb)tery to fid improvements to the audio sound Systems and io fund outreach to the wider Community. 2017 hfisslon /Sunday School 04treaeh Fund.. This fund was donated for the outreach project which is underway within ihe Mid Strathearn traditional Sunday School. 15
Mid Strathearn Cburch ofscotland Not¢s Fonning part ofthe financial statements for the year ended 31st Deeemb¢r 2025 13. Movement in Funds (eont'd) Purposes ofRestrieted Funds (continued) Sally Hunler Music Fund.. This fitnd is to finance Music Provision within the Congregation. Modderty Fabric Fund.. This was funded by a legacy for the SplfiC purposes of repairs to Madderty Chur¢h. Fabric Fund: The Trustees have set aside fund5 for the routine maintenance of Church properties G¥ild Fund.. This fund was to finance the work and activities of the Guild prior to its closure. Flo)ver Fund: This nd is to provide flowers for display at worship at Monzle and Gask. 14. Volunteers In common with all Congregations of the chUh of Scotland our Congregation benefits from the Contributions made by volunteers who give their tirn¢ and tslents willingly for the benefit of the Church. The ar of Congregational life which rely on th¢ contributions of volunteers are many and varied and bul for this congregational life would not be able to proceed as it does. 2025 2024 15. Collections for Third parti ModeratoHs Challenge - Malawi Christian Aid {incl Gaza) Poppy Scotland (2022 - Earl Haig) Tear Fund Embrace The Middle East Water Aid Maclean Foundation Christians Against Poverty Strdthearn 709 621 223 217 275 697 159 481 216 535 2,363 .770 16. Rounding In these financial statements and related notes differences of +or- £1 may appear o¢casionally. mainly An line or wlumn lotals. These minor differences as a result of rounding up or down pennies into whole numbers are immaterial in the context of the accounts as a whole. 16