Inverness Inshes East Church of Scotland Year ended 31 December 2025 ACCRUED (SORP COMPLIANT) ACCOUNTS Congregation No: 372163 Charity No: SCIM15553 Inverness Inshes East Church of Scotland Trustees, Annual Report Year ended 31 December 2025 The trustees present the annual report and accounts for Inverness Inshes East Church of Scotland for the year ended 31 December 2025. Reference and Administrative Information Charity Name: Inshes Church of Scotland, Inverness Charity Registration Number: SC005553 Congregation Reference No: 372163 Contact Address: 17 Woodgrove Crescent Inverness IV2 5HN Trustees Members of the Kirk Session: David Scott, Jonathan Appleby, John Bruce, Alan Buist, George Campbell,Harry Chambers,Bill Flett, Farquhar Forbes, Iain Macdonald,Nonnan MacKay, Gavin MacKenzie, Angus Macleod, Donnie Maclean, Nonnan Macleod, Donald Macvicar, Bob Matheson, Hendry Robertson, Peter Shaw. Principal Office-bearers Minister: David Scott Session Clerk Nonnan MacKay Doris MacKintosh Administator: Church Treasurer: Catherine Davis Independent Examiner Dugald MacPherson 34 Ballifeary Road, Inverness, IV3 SPF Bankers Royal Bank of Scotland, Unit l & 2, Falcon Square, Inverness, IV2 3PP Trustees, Annual Report - Inverness Inshes East Church of Scotland - SC005553 Year ended 31 December 2025 The tThstees present their annual report and finaltcial statements of the charity for the year ended 31 December 2025. The financial statements have been prepared in atcordance with the accounling policie5 Set out in note I to the accounts and comply with th¢ Generdl A5sernbly R¢gulations for Congregational Finance, the Charities and Trustee Investment (Scotlandl Act 2005, the Chariti¢s A¢¢ounts (Scotland) R¢gulations 2006 {as amended) and Accounting and Reporting by Charities.. StateTntn¢ of Recommended Prartice applicable to charilies preparing their accounts in accordance with th¢ Financial Reporting Standard appli¢able in the UK and Republic of Ireland effective from l January 2019. Objeetives 8Dd Aetlvltles The Church of Scoiland is TrinIt￿lan in doctrin¢, Refomied in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. A5 a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a le￿il0rIal ministry. li c operates wath other Churches in various ecumenical bodies in Scotland and beyond. Inshes East Church is a congregation of the Church of Scotland with pastoral responsibility for the community of its parish. It aims to preach the message of the Chri51ian gospel so that individuals may come to faith. be encournged and nurDJred in that faith and find PUTpose and dirertion through God's call upon their lives. The regular rneelings for worship are on Sunday momings and evenings with mid week m¢etings for Bible study and ptayer. The Church a150 works with primary and pr¢-primary school-ag¢ children through its Twih Trackers progr4mme. and with Sl-6 through "IT. (Inshes Time). An open Mother-and Toddler meeis weekly. Special outreach. Christian Education and family support events and pro8ramnJ¢s are run when apPrOpri￿e. The Church offers the use of the buildings to all community groups involved in ¢are and support work and this facility is mu¢h used. The ministers provide chaplaincy services to the three local primary schools and the secondary school for the catchment arei and work Contin￿¢5 to build relati(Trnships with those 5¢hools. Investtneni Policy attd Performance The church has a 'lowlmedium" risk policy towards invesmient filnds, 5¢e notes 3 & 7 of the counts and aim5 for a mix of growth and income, and perfomiattce in the year broadly met those objectives. Risk M8nagement The principle risk is declining congregational nLunbers which could impaci on financial stability. Thi5 risk is mitigated by a focus on the preaching of God'5 word, 2nd a focus on working with famÈlies, young people and children whilst ensuring that all are welcome aftd supponed ihrough our pastordl care ieams. Structure, Governanee Man#gethen¢ The congregation is a regIS￿red chariry, number SC005553 and is adrninisiered in accordance wtth the iems of the Deed of CoEJStithtion (Unitary Fom)) and is Subject to the Acts and Re¥ulations ofthe General Assembly of the Church of Scotland. Members of the Kark Session ar¢ the charity trust¢e5. The Kirk Session member5 are the elder5 of the church and are Chosen from those tnembers of ihe ¢hurch who are considered to have the appropriate gifts and skills. The minisler, who is a member of the Kirk Session. is elected by the congregation and inducted by Pre$b￿try. Certain responsibiliiies are delegated to the Finance Committte and the Property Committee as appropriate. The Kirk Session which meets six times a year is responsible for spirÈlual affairs within the church. Finanelal Review The principal income for the year was from weekty offerings which increased by 120h on the previous year. Re5er¥es Policy li is the Trustee5' policy ts) hold reserves of nine months eXpendi￿re. At ihe year end the Church held unrestricted funds of £653,426. This balance represents about twenty-three months, expendiiure and while this is higher than would norn￿llY be expected the Tnjsiees are undertaking a nurnber of fabric works and intend to increase expendtture on outreach and stsffing. Year ended 31 December 2025 A¢hi¢veTheDts and Ptrform8tEce The woAc in Milton of Leys has continued to d¢v¢lop, with a detailed'milton of L¢ys Church Plant Plan. being approved by the Kirk Session. monthly services starting in the Primary School and Pityvaich Care Home, and the establishment of a Scripbjre Union group in the school. Our Youth and Families Worker h&5 taken up employmeni on a part-tirne basis, prioritising work with those connected to the FAB baby and toddler group. teenager5 attending the IT youth group, and families with particular needs, and a week-long Holiday Club for chÉldr¢n of primary school ag¢ was held in August. We have employed a Pasioral Care Assistsni, who undertakes home and hospitaV¢ar¢ home visitsiion one day a week. There has been an incr¢asing focus ot] men's work, with forthightly lun¢htime meetings online, compl¢rntnted by regular events airned at fO￿tring friendship and fellowship. Attendances * th¢ weekly gatherings on Swiday mornings (cirra 300) aJ]d evening gathering5 (circa 150) have remained consistent. Ststement of Trnst¢es' Responslbiliti Charity law requires th¢ tTusiees to prepar¢ financial sNements for each financial year which show a The and fair view of th¢ 51ate of affairs of the charity and tts financial activities for that period. In preparing those fmaneial 5tal¢ments, the rnstees are requir¢d to.. select suitsble accounting polieie5 and then apply thern ¢onsistently- make judgments and estimates that are reasonable and prudent: state whether applicable accounting stsndards and st•iern¢nts of recommended practice have been followed, subjeci to any departures disc105ed and explained tn the financial statements,. and prepare the financial stsiements on the going concern b&sis unless it is inappropriate to presurne that the charity will continu¢ in operdtional existence. The trustees are responsible for keeping proper accowiting records which disc105e with reasonable a¢¢urncy at any lime the fiTran¢ial position of the charity and to enable them to ensure that the financial staterTJents Compty with the Charities and Tn￿let Investment (Scotland) Aci 2005 and the Charitie5 A¢counts (Scotland) Regulaiions 2006. They are also iespoijsible for safeguaxding the &8s¢ts of th¢ charity and hence for taking reasonable $￿pS for the prevention and deteciion of fraud and other irregularities. Approved by the Trustees and signed on their behalf. N MacKay - Session Clerk Inverness In$hu East Church of Scotland SC005553 Report of the Independent Examiner to the Trustees of Inverntti Inskts Eajt Chuttb of Stotlatsd I rep)rt on the accounts of the ch8Tity for the year ended 31 December 2025 thich are 5¢t out on pages 6 to 16. Respeethe ￿POnSIbl1111eS of In￿(ee$ and exAminer The charitys tn￿CeS resN)tisible for the preprtion of the accounts in accordance with the teTms of the Charities and Trustee Investment {Scotland) 2Crf)5 and the ch￿ltieS Accounts (Scotignd) Regulations 2￿6 (as amended). The charity trustees consider that the audit requirem¢nt of Regulation l(Kl) (a) to (c) of the Accounts Regulations does not apply. li is my responsibility to examine the a¢counls as required under section 44(1) (c) of the A¢1 ond to stale whether particular matters have come to my attention. Bajls of kndtpendent ex%min¢r's st•l¢m¢D¢ An ¢x8mination is caryied out in accordance with Regulation I l of the Clwiti¢s A￿o￿nts (Scotland) Regulations 2006 (85 amend￿). An examination includes a rcview of the accouniing records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disc105ures in the accounts. and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the vi¢w given by the accounts. IDdep¢DdeDt examiner's s¢*temtnt In ihc course of my cxamination. no matt¢r has come to my attention whtch give5 me reosollable cause to believe that in any malerial respect the Tequirements.. lo keep a￿u￿ting records in accordance with Section 44 (Ixa) of tbe 2005 Aci and Regulation 4 of the 21X)6 A(xounts Regulations (as amended), and to preP￿e accounts which accord with the accounling records and comply with Regul*ion 8 of the 2£￿6 Accounts Regulations (as amended) have not been meL or to which, in niy opinion. allention should be drdwn in order to enabl¢ a proper understanding of the accounts t be r￿h¢d. Dugajd MacPherson Professional QualificalioniProfessional Body: ICAS 34 Ballifeary Road. Invernes4 IV3 SPF Da￿". ZOLL J N) 4&0 Ootx bow 00 -¥il EDveruess Inshcs Ea%t Cburch of Scotland B#lanf e Sheef At 31 December 2V25 I'.ttre$irl¢ird Re￿ritted Lombl*td ltyre$iri¢ttd RestritreLt Comblned Futtds FuDd5 20•5 2024 2025 2024 2024 Note ixed A$set$: 'I'angiblc 8SSCIS Invc51rnenls 150,ONJ 291,964 441.964 100,632 602,596 150,000 291.964 441,964 15?.365 291.964 594.329 Tot#1 Fixtd A%$ets il 0.63? 291.964 30? 365 Currtlll Assets Debiors and Prepaynients Q'ash ai Batik a￿d 1¥5 Hand Total Current A55ets 95,97 ?83.828 379,$011 95,97? ?83.828 i79.800 48.-175 232.99? 281.367 48.175 0 21?.991 0 281.367 Cr¢dilors falling due u'iihiti OD¢ year Imor2ics due to Ihird partie£) 37.006 37.006 Net Current Assets 342.7Y4 342,794 28;,3()7 0 2,ql.367 Creditors falling duc atier more than one ye&r Net ..l$$eis 653,426 291,964 945.390 i83,732 ?91,964 R75,696 Tht funds of tht ¢haritv.' Resiricied income fund5 13 ?91.964 ?91.964 653,426 945.390 291,g64 ?91.964 U 583.713 291.904 875,697 Unresiricied income funds I'oiAI ¢bxrth ftsnd$ 13 653.4?6 653.4?6 ?91,964 581.733 583,733 The above are combined figures, for both the current and cornpèrative period. whiih show the aggregated result5 01 the united congregations. The noies on pages 10 ro 17 form part of these financtal statements. ¢r¢ approN'¢d by the TrusleL5 011 2¥ Jiille 2026 artd sIgncd on iheir belialf by". Session Clerk ConveDDr of ibt FiD•n¢¢ C.ommitiee Inverness Inshes East Church of Seotland Year ended 31 Deeember 2025 Accounting Policies The principal accounting FK)li¢ies, which have been applied consistently in the current and pr¢cedRng year in dealing with items which are considered material to the accounts, are set out below. Basis of preparation Ihe tinancial ststements have been prepared in accordance with Account￿8 an(J Keporting by Lhanties: Ststemenl of Recommended Practice appltcable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and R¢publi¢ of freland (FRSI 02) effective from l January 2019 and the Financial Reporting Standard applicable tn the UK and Republtc of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the ChaJities accounts (Scotland) Regulations 2006 AmpnApAI Fund aeeounting Funds are classified as either restricted fimds or unr¢stricted funds, defined &8 follows. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or Created through legal processes, but still within the wider objects of the charity. Endowment funds are funds which have been given on the condition thal the original capital sum is not reduced, bui the income there from is used for the PUTpose defined in accordance with the objecis of the charity. Unrestricted funds are expendable at the discretion of the trustees in furtherdnce of the objects of the Charity. If parts of the unrestricted funds are earn]arked at the discretion of the tn￿ee$ for a parttcular purpose, they are designated as a separaie fund. This designation has an administrative purpose only and does not legally restrict Ihe trustees. discrelion to aDDly the fund. Going ¢oneern The Trustees consider that there are no material uncertainties about the ability of ihe charitable company to continue for the foreseeable future, and therefore has adopted the Lyoing concern basis in preparing these ftnancial statements. RecognitiOD of income Income is recognised when the charlty h&$ enliilement to the funds, any perforniance conditions attached io the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Donated services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over th¢ item, any conditions &%sociated with the donated item have been met. the Teceipi of economic benefii from the ￿e by the charity of ihe iiem is probable and that economic benefit can be measured reliably. In accordance with ihe Chariiies SORP (FRS102) the general volunteer time of congregalion members is not Tecognised. On receipt. donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open markei; a corresponding amount is then recognised as expenditure in the period of receipt. Inverness Inshes East Church of Scotland Year ended 31 December 2025 Aeeounting Policies (eontinued) Interest r￿e1vable Interest on fimds held on deposit is included when recetvable and the amount can be measured reliably by the charity" this is norn]ally upon notification of the interest paid or payable by the Bank. Recognition and allocation of expenditure Expenditure is included in the Statement of Financial Activities on an a¢¢n￿lS basis and is recognised when there is a legal or constructive obligation to pay for expenditure. Fixed A$5ets The charity h&8 the righi io occupy and use for its charitable objects certain tangible fixed assets, including the Church, halls and manse. vested in the Church of Scotland General Trustees. No constderation is payable for th¢ use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Stsiement of Financial Activities in the period in which the liability arises. All tangible fixed assets costing in excess of £3,000 having a value lo the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write otythe cost OT Initial value, less residual value, of tangible fixed assets over iheir estimated useful lives: Fixtures, fittings and office equipment - 5 Years Motor vehicles - 7 Years IDveslmeDts Fixed asset inveslments 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 in the year, Ihe difference between cost and market value at the end of the year. Realised gains and losse5 represent the difference between the proceeds on disposal and the markel value at the start of the year or cost if purchased in the year. Taxation Inshes Church of Scotland, Inverness is recognised as a charity for the purposes of applicable t&Yation legislation and is therefore not subj¢ct to taxation on its charitable activities. The charity is not registered for VAT and resources ¢XDended therefore include irrecoverable AnDUt V A T. Cash and ¢ash equivalents Cash and cash equivalents include cash in hand and deposits held with ihe Church of Scotland Investors Trust. Debtors Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount DieDaid nei of anv discounts due. Creditors Creditors are nonnally recognised at their settlement ajnount after allowing for any trade discounts due. cdococ 00000 000 ocoo In￿0 trttr- -th ccOU ¥0*%0￿¢e￿-￿￿￿￿-￿r￿OI0f--￿0Q KO OrrithmNm- Ooooo￿O000000OV0O0o 1nrsc0￿-K?r￿0￿M0Qo C$0￿￿0￿￿1￿--o￿O￿rnmo0Orn- 4 P4 Ix rrimm*tCc4 ooooowcooococcooooc OOinC>0￿V￿--O￿0￿rnmoOOrn Ini)01n￿-￿￿C￿ Q au c ￿0￿> 0. I,lJ{IliJili!liil}I Il 074 074 50487 50487 24 <￿￿or￿lm￿St￿[S, ¢￿￿oy&s¢(￿mbutIOn5f0r￿lIon¥ scale. whi¢h 15rela1￿ toyws Of5U￿C￿. Forthey¢4fwthriebyw Ih¢nununvJnst4M￿ *324J3.Thl I￿￿￿xiM￿n*1rW0 the ffifrbavj￿SwW￿yus1Ij98$6. 6 Trvile¥RtrnUll¢WallDll•￿ RdaltJ hrtyTr*mmr￿mS iTh8 th¢ yror. Ttustee riK¢ib￿ retybw5enMI of ewse5 U49.55 Thrmwjgeco￿l ¢fLI.919 20￿tel￿￿￿cbl1lS wttrpwd oThwdfoltr* Mum￿e1 7 Tirylbk Ajsets Hen1￿e (Chutth W. InvE51iiieni Jrnpov. Lt F*(rnlai Fitlingsièt Ai l janu￿2025 291.W 150. 0 441.% Al 31 tkt*lltv2025 291.4*4 150.[ 441.9&1 Al I14nu￿￿o2$ cl41%r￿y Ai 31 DEttmber2025 PaokVthE£ A131 DEC￿2025 291.964 150.th)0 441.964 Ai I14nU￿2025 91.961 441.964 M•*et 2025 152.365 8267 ￿r￿¢t￿lUt tw5￿ oflnva¢nwsiciystl Matka 31 [kL￿b￿2025 I[￿.632 149998 ofsMtW lTrve51(KsTn￿ lnrAXhCF￿d ThtythofscNW Invc5torsTTuX Cnv*th Fund 6W3 W5 12.019 CriftAKITaxat¢ru￿[ •S.572 9S.172 All*tysv ofN¢iAyrt4AMw F Fixed A55e Investn*nls 150.( 160.612 379.8Th) 37.IYJ61 291.964 441.9fy1 16D.fy32 379M O lJ7,iW} 291.W WJ Lithli*e& *5StLI•i J] D¢¢2f*25 RÉsirKtsd Toi•l 291.W 411J64 152J65 0 2$iJ68 150.000 c￿reat L>&bilitsr5 1131 Ik¢2D24 281.368 291.964 87W7 iry gve Ibartune for d￿l￿tfit ofthe Chwth Tl* are￿ orroDW[E4h￿￿ life whKh rdy £LhMnknonofvolume¢T5 ate n4ny ofibewi￿ty￿o￿ldbeUnab￿￿¢Qn￿1m￿W￿e￿￿tIor￿*r4yMnthe￿I 12 Fu•dg Jknuwy 202$ MOLFml 21J88 21. 291.9 291.W 0 291,964 0 291.904 21,38 unr¢th(￿d f￿ndS FllDd T￿￿ Fth 583.733 388th9 J20.6 5.697 4t19.457 348.031 8267 8267 653,416 At31 2&24 MOL FuDd FtsTrJ 302.533 314J60 291.961 -10.591 291, 29.420 597.502 294.916 911762 312.631 276.iee 307.598 2.367 2.367 1_12.8841 5&),733 43.475 87￿97 Thc (MOL)f￿j15 in U*UilionofLrysar