Charity registration number: SC007899
Congregation reference number: 271594
Aberfeldy Parish Church of Scotland
Annual Report and Financial Statements for the Year Ended 31 December 2025
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Page 1
Aberfeldy Parish Church of Scotland Contents
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Reference and Administrative Details 3
Trustees’ Report 4to8
Statement of Trustees' Responsibilities 9
Independent Examiner's Report 10
Statement of Financial Activities 11to12
Balance Sheet 13
Notes to the Financial Statements 14 to 23
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Page 2
| Aberfeldy Parish Church ofScotland | Aberfeldy Parish Church ofScotland | |
|---|---|---|
| Reference and Administrative Details | ||
| Registered Charity Name | Aberfeldy Parish Church ofScotland | |
| Charity Registration Number | $C007899 | |
| Trustees | Rev Neil Glover Mr Ken Allstaff |
|
| Mrs Caroline Black | (appointed 23rdMarch2025) | |
| Dr Hamish Dougall | ||
| Miss Harriet Gray | (resigned 1stApril 2025) | |
| Mr lan Hulbert | (appointed23rdMarch2025) | |
| Mrs Fiona Hulbert | (appointed23rdMarch 2025) | |
| Mr Nick Lunan | ||
| Mrs Ruth Lunan | ||
| MrAngus Macdonald | ||
| Mrs Isabelle Macdonald | ||
| Mr Douglas Macintyre | (appointed23rdMarch 2025) | |
| Dr Elizabeth McCruden | ||
| Mrs Lorna Nicol | ||
| Mrs Jane Parmenter | (appointed9thMarch 2025) | |
| Mr Paul Parmenter | (appointed9thMarch 2025) | |
| Mrs Catherine Scott | ||
| Mrs Joanne Scott | (appointed23rdMarch 2025) | |
| MrThomas Sibbald | ||
| Dr Bruce Strickland | ||
| Mrs Christa Strickland | ||
| MrAndrewTodd | (appointed23rdMarch2025, resigned 10thNovember2025) | |
| Principal Office | Cuilaluinn | |
| Aberfeldy | ||
| PH15 2JW | ||
| Independent Examiner | George Robertson FCMA, CGMA, BA | |
| Robertson Consulting | ||
| The Walled Garden | ||
| Priory Road Gauldry | ||
| FifeDD68RT |
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Page 3
Aberfeldy Parish Church of Scotland Trustees’ Report
The Trustees present their annual report for Aberfeldy Parish Church of Scotland (APC) together with the financial statements of the charity for the year ended 31 December 2025. The financial statements have been prepared in accordance 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) as amended in October 2019 (effective 1 January 2019).
Objectives and activities
Objects and aims
The Church of Scotland is Trinitarian in doctrine, reformed 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 distinctive call and duty to bring the ordinances of religion to the people in every parish through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.
Objectives, strategies and activities
There is a wide range of activities in APC. Included in the normal activities are at least one service on Sundays, prayer meetings, Bible study, Messy Church, house groups, worship practices, men's gatherings and youth services.
In addition, outreach work encompasses Christians Against Poverty (CAP), Breathe youth work, a weekly Warm Welcome Cafe, a children's Stay and Play Group, Messy Church and regular use of our premises by a number of community groups. The official Church charity for the year was the Living Stones Ministry in Pakistan.
The Church has been very aware of the financial and related difficulties that many people in our community continue to face. It has strived to maintain its pastoral responsibilities. To this end the Church has continued to support and promote the activities of CAP and Breathe which are targeted at people who are struggling under the burden of debt and towards young people. The Church has also supported the Breadalbane Community Larder, which has provided essential food to those in need, and Warm Connections, which provides a free home energy advice service to those in our area who are struggling with energy poverty. The Church has been instrumental in launching a Hardship Fund, now formed as a separate charity, called The Upper Tay Anti-poverty Support Group, and is currently preparing to transfer the activities of the Breadalbane Community Larder and Warm Connections to a new independent charity with the current working name of "Aberfeldy Faith Action".
The Church is linked with Dull and Weem and Grantully, Logierait and Strathtay Churches (The Linkage), and the Rev. Neil Glover serves this linkage.
Public Benefit
Aberfeldy Parish Church of Scotland meets the definition of a public benefit entity for reporting purposes under FRS 102.
Page 4
Aberfeldy Parish Church of Scotland Trustees' Report
Financial Review
In the year ended 31 December 2025 total income amounted to £357,318 (2024 - £326,216) and total expenditure was £325,809 (2024 - £295,824), resulting in a net surplus for the year of £31,509 (2024 - £30,392).
The unrestricted income and regular expenditure relating to congregational church activities, including the running and routine maintenance of the Church buildings, are credited or charged to the unrestricted funds of the Church, which may be used at the discretion of the Trustees. Income and expenditure relating to outreach activities, such as anti-poverty work and youth support activities, plus income and expenditure on significant additions to or upgrades of Church facilities, are credited or charged to restricted funds which can only be used for the purposes for which the funds were granted or donated.
Linkage
Aberfeldy Parish Church of Scotland (APC) is part of a three way linkage which includes Grantully, Logierait and Strathtay Churches of Scotland (GLS) and Dull and Weem Church of Scotland (D&W). APC acts as the host accounting entity for the Linkage income and expenditure. GLS and D&W contribute 35% and 25% respectively towards the net Linkage costs, with APC bearing 40%. In the year to 31 December 2025 APC's share of the net costs, after crediting contributions from GLS and D&W of £13,123 amounted to £8,730 (2024 - £3,499). Further analysis of Linkage income and expenditure is set out in note 7 to the accounts.
Outreach
APCis extremely active in supporting the local community through a number of outreach activities. These are largely financed by grant funding but also through private donations. In the year to 31 December 2025 we raised funding of £196,553 towards our outreach activities (2024 - £187,598).
° The Breathe Project is aimed at enabling the growth (personal and spiritual) of young people e Warm Connections offers a free home energy advice service to individuals ° Warm Welcome Café offers a warm meeting space with food and companionship ° The Christians Against Poverty centre offers debt management advice and support
The Trustees owe a huge debt of gratitude to all those individuals who have supported the charity's activities by donating through regular giving, and to the many charitable trusts, local community funds and government organisations that have provided essential funding in the form of grants. Every single pound that is donated or granted is equally important but the Trustees would particularly like to thank the following who have given substantial sums in support of our many initiatives :
- ° Dull and Weem Parish Church of Scotland
° The Gannochy Trust
-
© Perth and Kinross Council
-
° Enchanted Forest © Garfield Weston Foundation © The Presbytery of Perth e The Energy Redress Scheme e The Anchor Foundation
e The National Lottery - Awards for All
Page 5S
Aberfeldy Parish Church of Scotland Trustees’ Report
Financial Review (continued)
Fabric and Equipment
The Trustees' policy is to maintain the fabric of the Church and the Manse to a good standard. To this end, expenditure on maintenance of the Church in 2025 was £38,327 and on the Manse it was £14,496 (2024 - Church £3,726, Manse £5,609). During the year under review a section of flat roof at the Church was replaced at a cost of £17,351 towards which a grant of £6,6 98 has been credited to income.
Contributions to The Church of Scotland
The Church of Scotland introduced a new way of calculating amounts to be contributed by congregations in 2023. The new scheme is known as Giving to Grow (G2G).This replaced the old Ministries and Mission (M&M) basis of calculation and is now designed to cover the three main elements of central church expenditure including the costs of providing a Minister (Ministry Here), the cost of outreach (Ministry Elsewhere) and the administration costs of the central church and Presbytery (Shared Services). The G2G contribution is based on the key elements of unrestricted income across all the congregations in the Linkage. The calculated contribution is then allocated to the congregations within the Linkage in proportion to their relative income. The charge for 2025 was based on the reported results for 2023 and the charge for 2026 will be based on the reported results for 2024. Aberfeldy Parish Church contributed £38,911 to the central church in 2025 (2024 - £28,741).
Policy on reserves
It is the policy of the Trustees to hold the equivalent of nine months' general unrestricted expenditure in reserve, and to hold sufficient in the fabric fund to meet any exceptional expenditure. While routine maintenance of the Church buildings and Manse is carried out each year, it is necessary to utilise the surpluses recognised in some years to cover deficits caused by larger scale maintenance in other years. The scope of activities relating to youth and anti-poverty workis determined according to the level of funds secured through grants and fund raising events on an annual basis.
At 31 December 2025 unrestricted funds stood at £105,871(2024 - £112,840) and restricted funds stood at £197,797(2024 - £159,319).
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Aberfeldy Parish Church of Scotland
Trustees' Report
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Plans for future periods
Aints and key objectives for future periods The main objective of the church is to bring people to faith and to grow the church. Outside of the regular church services, APC has a very busy programme of outreach activities across the wider community that reaches people who may not be regular church attendees.
- ° The continued running of the Parkfest children's summer activity week ° The gathering of small Bible Study groups across our community ° The establishment of a pastoral care team ° Support of "Stay and Play" for young children and their carers
The Trustees , having reviewed the work of the Church, have moved this year to develop proposals designed to better equip the congregation to share the Christian faith with those in its surrounding community and thereby to grow the church. Funding for the new post has been secured, in part from the existing congregation and in part from the Church of Scotland's Seeds for Growth programme. To this end, a Pioneer Ministry Leader was appointed on 8th December 2025.
The Trustees are also determined that the Church should continue to support the Highland Perthshire community through a number of projects that have now been established within our suite of offerings:
e CAP Highland Perthshire e Breathe youth project e Warm Connections e Warm Welcome Café
The need for, and scope of, the anti-poverty work carried out by the Church had grown to such an extent that it is now being undertaken by an independent charity - the Upper Tay Anti-poverty Support Group (UTAPSG). While UTAPSG operates independently and will support members of our community from all faiths, the Church, its representatives, and those from our Linkage partners, continue to be heavily involved in the strategies and the governance of UTAPSG. Now that Warm Connections and the Breadalbane Community Larder are well established within our community, these activities will move across to a newly formed independent charity in 2026. As with UTAPSG, members of our church will be included on the board of trustees of the new charity, with the current working name of "Aberfeldy Faith Action", so as to continue our involvement.
Structure, governance and management
Nature of governing document Aberfeldy Parish Church of Scotland is an unincorporated charity registered in Scotland under charity number SC007899 and is administered in accordance with the terms of the Deed of Constitution (Unitary Form).
Recruitment and appointment of trustees
The members of the Kirk Session are the sole Trustees and are the elders of the Church. They choose new elders from those members of their Church congregation considered to have appropriate gifts and skills. Elders are ordained for life, but their tenure as Trustees exists as long as they are serving Kirk Session members. The number of serving elders is decided by Kirk Session in order to deal effectively with the spiritual and temporal affairs of the Church.
Induction and training of trustees
The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery.
Trustees are informed of their obligations as trustees and are briefed on new legislation as it arises and is relevant to their duties. The Kirk Session is currently chaired by the Moderator and meets 6 - 9 times a year. It is responsible for all spiritual and temporal affairs within the church together with setting staff remuneration. While all temporal affairs remain the responsibility of the Kirk Session, the Trustees have delegated the day to day managementof temporal affairs to a Business Team that comprises suitably qualified members of the congregation. The chairman of the Business Team is an elder and reports on the activities of the Business Team at Kirk Session meetings. The Trustees have established a Business Team to oversee the temporal affairs of the church including, finance, GDPR policy, the Privacy Policiy and property maintenance. A health and Safety Group reports directly to the Trustees . The direction and management of youth and pioneer work is overseen by an Intergenerational Steering Group and the activities of CAP are overseen by the CAP Steering Group. Volunteers In common with all congregations of the Church of Scotland, the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied, and much of the activity would be unable to continue were it not for the commitment shown. The Trustees would like to extend their sincere gratitude to the many volunteers that have enabled the Church to Carry on with its Christian ministry and outreach activities.
Page 7
Aberfeldy Parish Church of Scotland Trustees' Report
Major risks and management of those risks
The Trustees continue to review the major risks to which the charity is exposed and, where appropriate, the systems and procedures implemented to mitigate some of the risks which the charity is encountering. The Trustees have set up a Business Team, comprising the Treasurer and other suitably qualified volunteers, which oversees the financial performance across the Church's activities.
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Risk Mitigation
Regular monitoring of income and inclusion of a giving link
The risk that voluntary donations fall due to economic or personal on the website. Update the congregation on financial
financial circumstances. position and request to consider stewardship.
A3 year financial plan is regularly reviewed by the
The risk that grant funding reduces and consequently limits the i ap oe tb i lies“aeby
activities of youth and anti-poverty work. to'ralsé tunes ot cut the COS Sore . we ovens .
planned expenditure. A similar exercise of forward financial
plannning applies to CAP.
Significant funds have been designated for use in
The risk that unexpected expenditure arises for building maintaining the fabric of church premises. The Property
maintenance. Group monitors the condition of buildings and sets budgets
accordingly.
The Business Team reviews financial performance ona
The risk of fraud, accounting irregularities or misstatement of regular basis and the annual report is subject to an
financial information. independent review. Quarterly management accounts are
reported to the Elders, and variances to budget explained.
While there has been no obvious decline in the numbers ‘ Funding has been secured for the employment of a Pioneer
attending regular Sunday morning services, there is a risk that the Ministry Leader who will seek to establish a new worshipping
younger generations do not find the church's offering to be communities outside of regular Sunday morning services. An
attractive, with the result that potential worshippers are not appointment has been made with effect from 8th December
drawn to faith. 2025.
The . ; | | h Succession plans have been drawn up for the key roles being
risk that there is an insufficient number of volunteers who performed by volunteers. If insufficient numbers of new
perform so many essential duties in the Church. volunteers with the relevant skills come forward, the Church
will establish new paid posts to undertake certain key roles.
Approval of Annual Report
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The annual report was approved by the Trustees of the charity on 24th February 2026 and signed on its behalf by:
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F Hulbert
Trustee and Session Clerk
24th February 2026
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Page 8
Aberfeldy Parish Church of Scotland
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the Trustees to prepare financial statements for each financial 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 these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; i statestatements; whetherandapplicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial - 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 enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Trust Deed. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 9
Aberfeldy Parish Church of Scotland
Independent Examiner's Report to the Trustees of Aberfeldy Parish Church of Scotland
| report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 11 to 23.
Respective responsibilities of trustees and examiner
The charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's Trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity, and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
George Robertson FCMA, CGMA, BA Robertson Consulting The Walled Garden Priory Road Gauldry Fife DD6 8RT
24th February 2026
Page 10
Aberfeldy Parish Church of Scotland
Statement of Financial Activities for the Year Ended 31 December 2025
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2025 | 2024 | ||
| Note | £ | £ | £ | £ | |
| Income and Endowments from: | |||||
| Donations Legacies Activities forgeneratingfunds |
2 2 |
73,528 5,037 513 |
66,326 - 3,064 |
139,854 5,037 3,577 |
150,712 - 5,556 |
| Bankanddepositincome Grants Other |
3 4 5 |
5,322 - 21,750 |
* 181,052 726 |
5,322 181,052 22,476 |
5,157 150,951 13,840 |
| Total income | 106,150 | 251,168 | 357,318 | 326,216 | |
| Expenditure on: | |||||
| Charitable activities | 6 | 113,119 | 212,690 | 325,809 | 295,824 |
| Total expenditure | 113,119 | 212,690 | 325,809 | 295,824 | |
| Netincoming/(outgoing) resources | (6,969) | 38,478 | 31,509 | 30,392 | |
| Other recognised gains/(losses) | - | - | - | - | |
| Netmovement infunds | (6,969) | 38,478 | 31,509 | 30,392 | |
| Reconciliation of funds: | |||||
| Total funds broughtforward | 112,840 | 159,319 | 272,159 | 241,767 | |
| Totalfundscarriedforward | 16 | 105,871 | 197,797 | 303,668 | 272,159 |
Page 11
Aberfeldy Parish Church of Scotland
Statement of Financial Activities for the Year Ended 31 December 2025
Prior Year Comparatives
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Total|Total|
|Unrestricted|Restricted|2024|2023|
|Note|£|£|£|£|
|Income|and|Endowments|from:|
|Donations|2|73,129|77,583|150,712|102,815|
|Activities|for|generating|funds|2|2,745|2,811|5,556|3,110|
|Bank and|deposit|income|3|5,157|-|5,157|2,790|
|Grants|4|-|150,951|150,951|195,473|
|Other|5|13,235|605|13,840|14,917|
|Total|income|94,266|231,950|326,216|319,105|
|Expenditure|on:|
|Charitable|activities|6|87,577|208,247|295,824|288,816|
|Total|expenditure|87,577|208,247|295,824|288,816|
|Net operating|income/(expenditure)|6,689|23,703|30,392|30,289|
|Other Income|-|non-operating|
|Profit|on|sale|of tangible|fixed|assets|12|-|-|-|4,419|
|Profit|on|sale|of|investment|assets|-|-|-|1,352|
|Net incoming/(outgoing)|resources|6,689|23,703|30,392|36,060|
|Other|recognised|gains/(losses)|.|=|-|
|Net movement in funds|6,689|23,703|30,392|36,060|
|Reconciliation|of|funds:|
|Total|funds|brought|forward|106,151|135,616|241,767|205,707|
|Total funds|carried|forward|15|112,840|159,319|272,159|241,767|
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Page 12
Aberfeldy Parish Church of Scotland
Balance Sheet as at 31 December 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible assets | 12 | 10,810 | 7,072 |
| 10,810 | 7,072 | ||
| Current assets | |||
| Debtors Cash at bankand in hand |
13 14 |
17,742 280,509 |
8,457 260,457 |
| 298,251 | 268,914 | ||
| Creditors:Amounts falling due within oneyear | 15 | 5,393 | 3,827 |
| Netcurrentassets | 292,858 | 265,087 | |
| Net Assets | 303,668 | 272,159 | |
| Funds ofthe charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 16 | 105,871 | 112,840 |
| Restricted income funds | |||
| Restricted funds | 16 | 197,797 | 159,319 |
| Totalfunds | 16 | 303,668 | 272,159 |
The financial statements on pages 11 to 23 were approved by the Trustees, authorised for issue on .... March 2026 and signed on their behalf by:
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NLAN; [ j
Rev. N Glover
Trustee
24th February 2026
Mrs F Hulbert
Trustee
24th February 2026
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Page 13
Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Charities and Trustees 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) as amended in October 2019 (effective 1 January 2019).
Basis of preparation
Aberfeldy Parish Church of Scotland meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are presented in Sterling (£) and are rounded to the nearest £1.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with reasonable reliability.
Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grant have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised asa liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources, with the central staff costs allocated on the basis of time spent, and depreciation charges allocated to the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
Page 14
Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
Cost of generating funds These are costs incurred in attracting voluntary income, the management of investments and costs incurred in trading activities that raise funds.
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charitable|activities|
|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|to|such|activities|and|those|costs|of an|indirect|nature|necessaryto support them.|
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Govemance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including the indepent review, strategic management and trustee's meetings and any relevant reimbursed expenses.
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Government grants|
|Government|grants|are|recognised|based on the|accrual|model|and|are|measured|at the|fair value|of the|asset|received|or receivable.|Grants|are|
|classified|as|relating|either to revenue|or to assets.|Grants|relating to revenue|are|recognised|in income|over the|period|in which the|related|costs|
|are|recognised.|Grants|relating to assets|are|recognised|over the|expected|useful|life|of the|asset. Where|part|of a|grant|relating|to an|asset|is|
|deferred,|it|is|recognised|as|deferred|income.|
|Taxation|
|The|charity|is|exempt|from|tax|on|its|charitable|activities.|
|Tangible|fixed|assets|
|Individual|fixed|assets|costing|£2,500 or more are|recorded|at|cost,|and|individual|assets|costing|less than £2,500 are|expensed|within the Statement|
|of Financial|Activities.|Prior to|1st January 2020,|individual|fixed|assets|costing|£150|or more were|initially|recorded|at|cost,|and assets|costing|less|
|than|£150 were|expensed.|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Depreciation|and|amortisation|
|Depreciation|is|provided|on tangible|fixed|assets|so as to write|off the|cost|or valuation,|less|any|residual|value,|over their expected|useful|economic|
|lives|as|follows:|
|Asset|class|Depreciation|method|and|rate|
|Furniture|and|equipment|25%|straight|line|
|Motor vehicles|25%|straight|line|
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|
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Page 15
Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between the sales proceeds and the market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of the disposal.
Unrealised gains and losses represent the movement in market value during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Debtors
Debtors are recognised at the settlement amount due. Prepayments are valued at an amount prepaid net of any discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and on deposits.
Creditors
Creditors are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after recognising any trade discounts due.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees’ discretion in furtherance of the objectives of the charity.
Designated income funds are unrestricted funds set aside for specific purposes at the discretion of the Trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Financial instruments
Classification The charity only has financial assets and liabilities of a kind that would qualify as basic financial instruments which are recognised at their transaction value and subsequently measured at their settlement value.
Page 16
Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
2 Donations and receipts from fund raising activities
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Unrestricted
funds Restricted Total
General funds 2025
£ £ £
Donations:
Gift aided donations from individuals 45,745 43,310 89,055
Ordinary offerings 3,978 1,304 5,282
Other donations - non gift aided 11,147 10,767 21,914
Tax recoverable 12,658 10,945 23,603
73,528 66,326 139,854
Fund raising activities
Collections for specified charities and events - 3,064 3,064
Receipts from Minister's book launch 513 - 513
513 3,064 3,577
74,041 69,390 143,431
Unrestricted
funds Restricted Total
General funds 2024
£ £ £
Donations:
Gift aided donations from individuals 42,713 48,843 91,556
Ordinary offerings 4,805 532 5,337
Other donations - non gift aided 13,664 15,743 29,407
Tax recoverable 11,947 12,465 24,412
73,129 77,583 150,712
Fund raising activities
Collections for specified charities - 2,811 2,811
Receipts from Minister's book launch 2,745 - 2,745
2,745 2,811 5,556
75,874 80,394 156,268
3 Investment Income
2025 2024
Unrestricted Unrestricted
funds funds
General Total General Total
£ £ £ £
Interest receivable and similar income:
Interest receivable on bank deposits 5,322 5,322 5,157 5,157
4 Grants
Unrestricted Restricted funds
funds Church Outreach Total
General activities activities 2025
£ £ € €
Government grants - - 97,271 97,271
Grants from other charities - 6,698 77,083 83,781
- 6,698 174,354 181,052
Unrestricted Restricted funds
funds Church Outreach Total
General activities activities 2024
£ £ £ £
Government grants - - 82,086 82,086
Grants from other charities - - 68,865 68,865
= - 150,951 150,951
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Page 17
Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
5S Other income
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | Restricted | Total | |||
| General | funds | 2025 | |||
| £ | £ | £ | |||
| Weddings & funerals | 1,710 | = | 1,710 | ||
| Use of premises | 5,971 | a | $973. | ||
| Contributions to linkage costs | 13,123 | - | 13,123 | ||
| Other receipts | 946 | 726 | 1,672 | ||
| 2750 | 6 | 27 | |||
| Income from the use of premises represents the hire | charges from letting rooms in | the Church to local | associations and clubs. | ||
| Unrestricted | |||||
| funds General |
Restricted funds |
Total 2024 |
|||
| £ | £ | £ | |||
| Weddings & funerals | 1,969 | 330 | 2,299 | ||
| Use of premises | 5,332 | - | 5,332 | ||
| Contributions to linkage costs | 5,249 | - | 5,249 | ||
| Other receipts | 685 | 275 | 960 | ||
| 13,235 | 605 | 13,840 | |||
| 6 | Expenditure on charitable activities | ||||
| Unrestrictedfunds | Restricted | Total | |||
| Designated | General | funds | 2025 | ||
| £ | £ | £ | £ | ||
| Activities undertaken directly | 5,717 | 7,339 | 66,752 | 79,808 | |
| Depreciation | - | 1,061 | 2,086 | 3,147 | |
| Staff costs | - | 11,603 | 110,435 | 122,038 | |
| Contributions to The Church ofScotland | - | 38,911 | - | 38,911 | |
| Establishment costs | 18,233 | 30,255 | 33,417 | 81,905 | |
| Governance costs | z | = | : | : | |
| 23,950 | 89,169 | 212,690 | 325,809 | ||
| Unrestricted funds Designated General |
Restricted funds |
Total 2024 |
|||
| £ | £ | £ | £ | ||
| Activities undertaken directly Depreciation Staff costs |
5,516 - - |
12,746 1,061 10,301 |
59,359 9,586 124,990 |
77,621 10,647 135,291 |
|
| Contributions toThe Church of Scotland | - | 28,741 | - | 28,741 | |
| Establishment costs | 5,523 | 23,277 | 13,754 | 42,554 | |
| Governance costs | * | 412 | 558 | 970 | |
| 11,039 ee |
76,538 eee |
208,247 Oe |
295,824 |
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Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
7 Linkage incoming/(outgoing) resources
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The following amounts are included within the Church's incoming and outgoing resources.
2025 2024
£ £
Incoming resources
Gift aided donations 600 1,200
Ordinary offerings - 97
Donations non-gift aided - 273
Tax recoverable 188 225
Weddings and funerals 350 650
Fund raising activities 513 2,745
Other income 446 600
2,097 5,790
Linkage contributions from partner congregations 13,123 5,250
15,220 11,040
Outgoing resources - charitable activity costs
Pulpit supply 1,530 2,006
Fund raising costs - 1,824
Administrative costs 4,187 1,692
Manse costs 18,233 9,017
23,950 14,539
APC share of net outgoing Linkage resources (8,730) (3,499)
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Page 19
Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
8 Trustees’ remuneration and expenses
During the year the charity entered into the following transactions with the Trustees and, where relevant, their spouses:
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Travel | and | ||||
| office costs | Employment | ||||
| reimbursed | costs | Total | Total | ||
| £ | £ | £ | £ | ||
| MrT Sibbald | 1,072 | 19,066 | 20,138 | 18,571 | |
| Rev.NGlover | 1,672 | (seenote9) | 1,672 | 1,511 |
Included within the 2025 travel and office costs are payments on behalf of the Linkage of £840 to Rev. N Glover as a contribution towards his telephone costs (2024 - £840). Also included under this heading are payments to Rev. N Glover, and to The Church of Scotland, to cover travel costs.
Mr T Sibbald is employed in the position of Senior Energy Adviser within the Warm Connections activity. His spouse, Anna Sibbald, was also employed, with effect from 1st August 2021, as an Energy Adviser. Anna Sibbald has been reimbursed the sum of £70 for home office costs (2024 - £120) and the Church has paid £19,128 in employment costs (2024 - £17,652).
Donations made to the charity by the Trustees, without any conditions attached, other than where donations were for restricted purposes, totalled £38,350 for the year (2024 - £43,488).
9 Minister's stipend
All the Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers’ stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review, the minimum stipend was £32,433 and the maximum stipend in the Sth and subsequent years of service was £39,856.
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10 Staff costs
2025 2024
The aggregate payroll costs were as follows: £ £
Wages and salaries 113,048 123,571
Employer's National Insurance 2,072 4,326
Employer's pension contributions 6,918 7,394
___122,038 135,291
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time
equivalents was as follows:
2025 2024
No. No.
Youth, Christians Against Poverty , Warm Connections & administration staff 6 6
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During 2025 6 (2024 - 6) employees participated in the Defined Contribution Pension Scheme.
Contributions to the employees' pension scheme for the year totalled £6,918 (2024 - £7,394).
No employee received emoluments of more than £60,000 during the year.
The Pioneer Ministry Leader , a new appointment on 8th December 2025,is central to delivering a strategy for growth through new worshiping communities.No other employees are considered to be key personnel for the purpose of setting and delivering the objectives and strategies of the Church.
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Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
| 12 | Tangiblefixed assets | ||||
|---|---|---|---|---|---|
| Furniture | |||||
| Motor vehicles |
and equipment |
Total 2025 |
Total 2024 |
||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1January | “ | 91,095 | 91,095 | 98,595 | |
| Additions Disposals |
= = |
6,885 - |
6,885 - |
- (7,500) |
|
| At 31 December | = | 97,980 | 97,980 | 91,095 | |
| Depreciation | |||||
| At 1January | - | 84,023 | 84,023 | 80,875 | |
| Charge forthe year | - | 3,147 | 3,147 | 10,648 | |
| Disposals | - | - | - | (7,500) | |
| At 31 December | - | 87,170 | 87,170 | 84,023 | |
| Net book value | |||||
| At 31 December | - | 10,810 | 10,810 | 7,072 | |
| Disposals | |||||
| Furniture | |||||
| Motor | and | Total | Total | ||
| vehicles | equipment | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Cost | - | - | - | 7,500 | |
| Depreciation at date ofsale | - | - | - | (7,500) | |
| Net bookvalue at date ofsale | - | - | is | " | |
| Proceeds | - | - | . | 6 | |
| Profit on sale | - | - | - | - | |
| 13 | Debtors | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Gift aid recoverable | 4,754 | 4,470 | |||
| Grants receivable | 11,169 | 3,577 | |||
| Other debtors | 1,819 | 410 | |||
| 17,742 | 8,457 | ||||
| 14 | Cash andcash equivalents | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Cash at bank | 280,509 | 260,457 | |||
| 280,509 | 260,457 | ||||
| 15 | Creditors | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Accruals | 450 | 677 | |||
| Other creditors | 4,943 | 3,150 | |||
| 5,393 | 3,827 |
Page 21
Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
16 Funds
| Funds | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||
| 1January 2025 £ |
Incoming Resources £ |
Resources Expended £ |
Transfers £ |
31December 2025 £ |
|||
| Unrestricted funds | |||||||
| General | |||||||
| Unrestricted Income Fund | 101,223 | 90,685 | (97,899) | - | 94,009 | ||
| Designated | |||||||
| Church Linkage Fund | - | 15,220 | (15,220) | : | - | ||
| Fabric Fund | 11,617 | 245 | BE | ||||
| Toal unrestrictedfunds | 112,840 | 106,150 | 113,119 | 105,871 | |||
| Restricted funds | |||||||
| Congregational Activities | |||||||
| Restricted church donations Pioneer andyouth ministry |
40,464 34,257 |
52,016 2,599 |
(24,920) (2,629) |
(12,000) 10,000 |
55,560 44,227 |
||
| 74,721 | 54,615 | (27,549) | (2,000) | 99,787 | |||
| Outreach activities | |||||||
| Hardship Funds | 7,727 | 1,595 | (7,701) | (1,000) | 621 | ||
| Youth Fund Warm Connections Christians Against Poverty |
12,394 18,282 45,929 |
128,789 52,115 10,290 |
(104,383) (47,874) (21,492) |
2 ° 3,000 |
36,800 22,523 37,727 |
||
| Collectionsforcharitable and othercauses | 266 ___ 84598 |
3,764 196,553_ |
(3,691) 185,141) |
2,000, | 339_ 98,010 |
||
| Total restrictedfunds | 159,319 | 251,168 | (212,690) | - | 197,797 | ||
| Total funds | 272,159 | 357,318 | (325,809) | - | 303,668 | ||
| General unrestricted incomefunds ofthe charity comprise unexpended balances ofdonations andgrants which can | be | used atthe discretion of | |||||
| the Trustees. | |||||||
| The Fabric Fund is a fund designated bythe Trustees to be used | on thefabric ofthe church and ofthe manse. | ||||||
| Restricted funds represent donations and grants given for a specific purpose. These are generally restrictedtoexpenditure on | outreach activities | ||||||
| and expenditurethatupgrades or adds tothe physical church facilities. Within Restricted Funds as at 1January2025, | £7,417 | ofCommunity | |||||
| LarderFunds have been re-categorised from | Restricted Church Donations to Hardship Funds as that better reflects the | nature | ofthe Community | ||||
| Larder Fund. This re-categorisation has also | been reflected in the table below forthe yearended 31 December 2024. | ||||||
| Balance at | Balance at | ||||||
| 1January | Incoming | Resources | 31 December | ||||
| 2024 | Resources | Expended | Transfers | 2024 | |||
| £ | E | £ | £ | £ | |||
| Unrestricted funds | |||||||
| General | |||||||
| Unrestricted Income Fund | 95,029 | 82,657 | (76,538) | 75 | 101,223 | ||
| Designated | |||||||
| Church Linkage Fund Fabric Fund |
75 11,047 |
11,039 570 |
(11,039) | (75) - |
- 11,617 |
||
| Toal unrestrictedfunds | 106,151 | 94,266 | (87,577) | - | 112,840 | ||
| Restricted funds | |||||||
| Congregational activities | |||||||
| Restricted church donations | 35,098 | 20,461 | (3,095) | (12,000) | 40,464 | ||
| Pioneerand youth ministry | 10,366 | 23,891 | - | - | 34,257 | ||
| 45,464 | 44,352 | (3,095) | (12,000) | 74,721 | |||
| Outreach activities | |||||||
| Hardship Funds | 6,018 | 7,384 | (5,675) | - | 7,727 | ||
| Youth Fund | 32,858 | 89,096 | (119,560) | 10,000 | 12,394 | ||
| Warm Connections | 11,279 | 48,977 | (41,974) | - | 18,282 | ||
| Christians Against Poverty | 39,713 | 40,706 | (36,490) | 2,000 | 45,929 | ||
| Collections forcharitableand othercauses | 284 90,152 |
1,435 187,598 |
(1,453) (205,152) |
- 12,000 |
266 84,598 |
||
| Total restrictedfunds | 135,616 | 231,950 | (208,247) | - | 159,319 | ||
| Total funds | 241,767 es |
326,216 eee |
(295,824) Oe |
- OC |
272,159 |
Page 22
Aberfeldy Parish Church of Scotland
Notes to the Financial Statements for the Year Ended 31 December 2025
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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|17|Analysis|of|net|assets|between|funds|
|Unrestricted funds|Restricted|Total|funds|
|General|Designated|funds|2025|
|£|£|£|£|
|Tangible|fixed|assets|795|-|10,015|10,810|
|Current|assets|96,782|11,862|189,607|298,251|
|Current|liabilities|(3,568)|-|(1,825)|(5,393)|
|94,009|11,862|197,797|303,668|
|Oe ae ca|
|Unrestricted|funds|Restricted|Total funds|
|General|Designated|funds|2024|
|£|£|£|£|
|Tangible|fixed|assets|1,856|-|5,216|7,072|
|Current|assets|101,261|13,550|154,103|268,914|
|Current|liabilities|(1,895)|(1,932)|-|(3,827)|
|ee101,222SE|ae11,618|ee159,319|272,159|
|18|Related|parties|
|Controlling|entity|
|The|charity|is|controlled|by the|Trustees.|
|19|Related|party transactions|
|In|the|year to 31|December|2025|there|were|no|transactions|with|related|parties|other than:|
|Reimbursement|of expenses|incurred|on|behalf of the|Church|by the|Trustees|-|see|note8|
|Payment|of salary and|expenses|to|Mr T|Sibbald|and|his|spouse|-|see|note8|
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The Church makes a contribution to The Church of Scotland which goes towards the stipends of all Church of Scotland Ministers. Further details on the salary scales for ministers are set out in note 9, and the amounts paid to The Church of Scotland are shown in note 6.
Page 23