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2025-12-31-accounts

GRANTOWN-ON-SPEY & DULNAIN BRIDGE PARISH CHURCH OF SCOTLAND

ACCRUED (SORP COMPLIANT) ACCOUNTS

Congregation No: 362126

Scottish Charity No: SC 010001

For the year ended

31 December 2025

Grantown on Spey and Dulnain Bridge Parish Church of Scotland Trustees’ Report Year ended 31 December 2025

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the General Assembly Regulations for Congregational Finance, 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 effective from 1 January 2019.

Objectives and Activities

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 of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.

The objective of our Church is to proclaim and share the Gospel, to build up the members in faith and fellowship, and to provide the offices of religion and appropriate pastoral care to all those within the bounds of the parish. This statement reflected the Kirk Session mission statement of 2010:

“ To care for the people of our community and encourage an active faith in Jesus Christ”.

In 2022, Kirk Session adopted the 5 Marks of Mission

Services are held in Grantown-on-Spey Church, known as Inverallan Church on Sundays at 11 a.m. Over the coldest winter months, services are held in Inverallan Church Hall instead of Inverallan Church, as it is cheaper to heat.

At the end of Church services, refreshments are served in our Church Hall. This is a great time for Fellowship and Interaction about various topics. Nearly every attendee comes for this part of the Service.

However, on the 4[th] Sunday of the month, joint services are held in either Inverallan Church or Cromdale Church (by agreed rotation).

2

Grantown on Spey and Dulnain Bridge Parish Church of Scotland Trustees’ Report Year ended 31 December 2025

On 4 of these Sundays, there is a joint Communion service led by Rev. Jade MacLean for all our linkage members. We also hold joint Ecumenical services with our local Scottish Episcopal Church and Speyside Christian Fellowship Church, currently this is on the 5[th] Sunday (4 times per year).

All our Church services are led by Rev. Jade MacLean with help from others when she is on holiday. We have 2 retired Ministers on our Communion Roll and a regular worship leader to help as required.

We attract quite a few visitors and non-members at all our services.

Once a month, there is a service at each of the 2 local care homes There are 5 Speyside Church groups who lead these by rotation (including our linkage).

We have not re-established a monthly service for our Grantown Sheltered Housing residents but have several volunteers at a fortnightly very sociable Knit n Knatter meeting.

During 2025, a short service was held twice a month in Dulnain Bridge Village Hall meeting room but attendance never exceeded 10 people. We had, however, quite a good attendance on Christmas Eve for an afternoon Carol Service in the hall. Over the winter months, these services have been discontinued as the regular attendees are nearly all very vulnerable to winter hazards.

A Remembrance Service is held annually on Remembrance Sunday in November. (also, at the town War Memorial on Armistice Day, 11[th] November); these events involve the local branch of the Royal British Legion (Scotland) and the local RAF Grantown-on-Spey squadron. There are also services at other local War Memorials

In December, a Time to Remember service is held out-with the morning service to pay respects to all who had passed away in the previous years.

All these Services are advertised on our joint linkage website (Strathspey Kirks) and on

our Facebook page.

We are very fortunate to have a very talented organist and our over 100-year-old pipe organ still gives us good performances in church and funeral services. Also, there are back-up organists to cover for absences.

There are no longer enough people to form a choir; however, a group of people meet at a weekly ‘Come & Sing’ session to practice the weekly hymns.

2 Elders run a Lego-themed Messy Church, in conjunction with our local Episcopal Church, in our Church Hall. This does not attract many children with their parents. The December meeting was a Christingle service in our Church where there was an attendance of about 25 persons. Our Elders are investigating how to attract more children.

Rev Jade is in contact with our primary and secondary schools; there was a good attendance of adults at the Christmas Primary School service

3

Grantown on Spey and Dulnain Bridge Parish Church of Scotland Trustees’ Report Year ended 31 December 2025

We issue a weekly newsletter in conjunction with our linked congregation Cromdale & Advie to inform members about ‘what’s on’ in the 7 days from Sundays. About 2/3rds of our members are contacted by e-mail; there are also printed sheets for the regular attendees not on e-mail.

We produce a monthly diary of events and these are distributed to members by email, with paper copies available to regular attendees not on email and hand delivered to all other members by a small group of volunteers.

We have not been holding social events since the onset of the Covid pandemic; however, we have fund-raising events to raise money for our 20/20 church development project (coffee mornings, pre-loved sales etc.)

Volunteers from the congregation filled over 50 shoe boxes for Blythswood’s Christmas appeal.

Over the past year, we have hosted 3 concerts in Inverallan Church; funds raised are shared with organisers and the Church, mainly the development project. The acoustics are greatly appreciated as is our pipe organ.

We continued this year to open our Inverallan Church building from 9 am to 4 pm from Spring to Autumn; this has attracted many people – a mix of visitors and non-members – they also create lovely stories in our ‘Visitors Book’ – they appreciate the magnificent architecture but also the opportunity to have a quiet place providing a positive impact on any mental health issues.

The church hall is used widely by the local community across a diverse range of activities: it is used regularly by NHS Scotland as a vaccination centre. The rental received is a useful source of income for the Church.

Our Church was an instigator for the formation of ‘Sustainable Strathspey’ about 5 years ago. This group is very active. We have set up, in the Church and Hall, recycling boxes for items not collected by Highland Council waste services. Our collection boxes are for medication blister packs, used spectacles, used printing cartridges (we get a small financial reward for this) and used postage stamps

In terms of the pastoral work, there were 16 funerals, 0 weddings and 2 baptisms in 2025.

Elders are no longer involved in regular district visiting as we use email or newsletters to keep in touch with our congregation. Our local cottage hospital in Grantown-on-Spey has closed and there is a new Community Hospital for Badenoch & Strathspey I in Aviemore. Rev Jade visits members who are in-patients (when we are aware that they are there).

Many members are also involved in visiting and supporting neighbours in the community. All the local Churches have members who are involved in a Warm Spaces/Community Table in the YMCA Community Centre every Friday; this gives people of all ages a warm space to save their heating costs one day a week. They are provided with free refreshments throughout the 3-hour session.

4

Grantown on Spey and Dulnain Bridge Parish Church of Scotland Trustees’ Report Year ended 31 December 2025

The Church supported several charities during the year through retiring collections and other functions; the monthly Fair-Trade stall has recently re-started at Church services.

We support the local Foodbank regularly with both food and money donations. Christian Aid remains the main charity.

Achievements and Performance

Services are held as outlined above and attendance on the current Sunday mornings averages 40. Our Sunday services run for about an hour; several members help our Minister with readings and prayers

The Bible Study and Prayer Group meet regularly in house situations.

During 2016, the congregation participated in Future Focus and brought 3 areas to the fore for the Kirk Session to develop:

These groups are now active and function as Working Groups within the Unitary Constitution. The refurbishment Group has rebranded itself as Inverallan 20/20 with a target of raising over £1 million through local fund-raising and support from national charities. They do have full planning and listed building permission to proceed with the development and the installation of solar panels with battery storage, which will make the future use of the building financially viable.

The Kirk Session of Grantown-on-Spey and Dulnain Bridge met on 7 occasions in 2025

There was 1 Congregational meeting in 2025

Financial Review

The principal source of unrestricted income is members’ and adherents’ donations (over 67% of total income excluding capital drawdown), the majority of which are given through Standing Orders and are Gift Aided. Rental income from use of the church hall (now just over 17% of total income compared to 20% last year, most of this still derives from use of the hall by NHS as a vaccination centre) covers its own running costs and the excess contributes to the increasing cost of heating and maintaining the church building. Income levels have remained fairly static with the loss of some giving members, through death or moving away, being replaced by new members joining on moving to the area. The use of the MyGiving and the MyFundAccounting software packages ensures that Gift Aid is claimed regularly and that income, expenditure and cash flow are more easily monitored on a monthly basis. Cash in hand has increased from pre-Covid and there has been no need to draw down from reserves.

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Grantown on Spey and Dulnain Bridge Parish Church of Scotland Trustees’ Report Year ended 31 December 2025

A number of members continue to donate monthly by Standing order to our church refurbishment project restricted funds, and Gift aid is claimed where applicable. 2023 saw a return to fundraising activities for the church redevelopment project; while the amount raised is not large when measured against the total required, it is useful when applying for grants to show the commitment of both church members and the wider community in support of the project. Fundraising halted in 2024 while we awaited the result of a planning application to install solar PV panels on the church roof and but started again in 2025 once full listed building and planning permissions to proceed were granted.

Funds from the sale of buildings are held on our behalf in the Consolidated Fabric Fund and have been allocated to the church redevelopment project which is expected to see work on the ground start in 2026.

In 2024 the church manse was replaced and some of the funds from the difference between sale and purchase price has been used to undertake a number of capital works in 2025 to help reduce heating costs and carbon footprint and to bring the property up to EPC rating C. These include installation of a modern wood stove as heating back up particularly in a power cut, solar PV panels and battery back-up and thermally efficient replacement external windows and doors throughout.

Investment Policy and Performance

Only modest investments are held in Church of Scotland Growth Funds, across a number of accounts, some of these of long standing. Restricted Fund investments will be realised when refurbishment work starts.

Risk Management

The main risk to the charity is closure of our building known as Inverallan Church, either by the General Trustees or as a result of the congregation not being able to afford to run and maintain the building. As above in Achievements and Performance, for over 7 years our members have been involved in various stages of the proposed refurbishment of the main Church Building; it is intended to give the building a multi-purpose make-over to allow community use 7 days a week (religious and secular). In 2025 full planning and listed building consents were obtained and phase 1 of the development is well advanced and expected to commence early in 2026.

As an outcome of their buildings audit, The General Trustees will reconsider the future of the church building if the refurbishment project does not proceed within 5 years of planning approval. To comply with this audit and to part fund the refurbishment, the current 140-yearold Church Hall will be sold. Change of use from commercial to dwelling has been sought and granted, which will ensure that maximum sale value can be obtained; the funds obtained will go towards phase 2 of the project.

Through an enhanced social media presence, the Minister is expanding outreach within the community. This and other future initiatives will hopefully mitigate against loss of income and attendance as well as spreading the word of God within the wider community.

6

Grantown on Spey and Dulnain Bridge Parish Church of Scotland Trustees’ Report Year ended 31 December 2025

As an aging congregation we are also at risk of decreasing members/donations and rising costs, particularly heat and light. The appointment of a new Minister, increased future use of the hall and when refurbished, the church, will help to mitigate this.

Kirk Session is finalising a 5-year Strategic Plan to ensure resources are being used effectively and efficiently and that activities undertaken fit with our aims and objectives under the 5 Marks of Mission.

Reserves Policy

Most reserves are held in Deposit Funds to allow easy access but only small drawdowns have been needed and none in the last 4 years. A smaller amount is held as investments, some of long standing.

The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees’ policy to hold reserves of at least 6 months expenditure including designated funds. At the year end the Church held total unrestricted funds of £256,195, it is likely that some of this will be needed to provide furnishing and fittings in the redeveloped church building.

The church also held £127,750 of restricted funds which have been provided for the purposes of refurbishing the church building.

Structure, Governance and Management

The congregation is a registered charity, number SC010001 and is administered in accordance with the terms of the Model Deed of Constitution Unitary Form and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland.

Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. Certain responsibilities are delegated to the Finance Committee and the Property Committee as appropriate. The Kirk Session which meets on average six times a year, is responsible for spiritual affairs within the church.

Reference and Administrative Information

Trustees

Minister: Rev. E. Jade MacLean

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Grantown on Spey and Dulnain Bridge Parish Church of Scotland Trustees’ Report Year ended 31 December 2025

Kirk Session Members/Trustees:

Kirk Session Members/Trustees:
Mr. Richard Stone Mrs. Janet Flannery
Mrs. Sally Gingell Mrs. Aileen MacEwan
Miss Margaret Macleod
(until 29.5.2025)		 Mr. Simon Morris
(from 19.10.2025)
Mrs. Ann Ralston Mrs. Joan Steele
Dr. William Steele Mrs. Linda Stone
Mr. Angus Fraser Mrs. Jean Shearer
Mr. Gordon Ritchie
(until 26.5.2025)		 Mrs. Valerie Morris
(from 19.10.2025)
Mr. J Wilson(from 26.5.2025)

We do not have a Congregational Board

Key Office bearers (as at 31/12/2025):

Minister: Rev. E. Jade MacLean Session Clerk: Dr William M Steele Church Treasurer: Mrs. Ann Ralston

P rincipal address:

Grantown on Spey and Dulnain Bridge Parish Church

c/o 8 Dalbeg Road

Carrbridge PH23 3BH

Charity No: SC010001

Independent Examiner:

Roy Alexander

Lochnagar

Main Street

Newtonmore

PH20 1DR

Bankers

Royal Bank of Scotland

29 Harbour Road, Inverness, IV1 1NU

8

Grantown on Spey and Dulnain Bridge Parish Church of Scotland Trustees’ Report Year ended 31 December 2025

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 show a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and 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 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They 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.

The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Trustees and signed on their behalf,

W M Steele

Dr William Murray Steele, Session Clerk

Date 23 February 2026

9

Grantown on Spey and Dulnain Bridge Parish Church of Scotland Independent Examiner’s Report to the Trustees of Grantown on Spey and Dulnain Bridge Parish Church

Year ended 31 December 2025

I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 11 to 22.

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 (as amended).

The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 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 statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 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 view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention [other than disclosed below*]

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

R Alexander

Roy Alexander

Chartered Accountant (ICAS)

Lochnagar

Main Street

Newtonmore, PH20 1DR

Date: 9 March 2026

10

Grantown-on-Spey & Dulnain Bridge Church
Statement of Financial Activities
Year ended 31 December 2025
2025 2025 2025 2025 2024 2024 2024 2024
Unrestricted Restricted Endowment Total Prioryear Prioryear Prioryear Prioryear
Funds funds funds funds Unrestricted Restricted Endowment total funds
£ £ £ £ £ £ £ £
Income and endowments from: Note
Donations and legacies 1 46,936 5,739 52,677 43,195 4,460 - 47,655
Charitable activities 2 2,250 670 2,920 1,800 - - 1,800
Other tradingactivities
3		 12,633 12,633 14,023 - - 14,023
Investments 4 8,467 796 9,263 9,444 796 - 10,240
Other 5 37,909 37,909 - -
Total income 108,196 7,205 115,402 68,462 5,256 - 73,718
Expenditure on: 6
Raisingfunds 57,297 2,358 59,655 - - - -
Charitable activities 39,015 21,474 60,489 49,189 4,120 - 53,309
Other 3,121 280 - 3,401
Total expenditure 96,312 23,832 120,144 52,310 4,400 - 56,710
Net income/(expenditure beforegains
and losses on investments 11,886 -16,627 -4,741 16,152 856 17,008
Netgains(losses)on investments 2,407 438 2,845 2,648 133 2,781
Net income/(expenditure 14,294 -16,190 -1,896 18,800 989 - 19,789
Transfers between Funds - - - -
Net movement in Funds - - - -
Reconciliation of funds:
Total funds brought forward 241,901 143,940 385,841 223,102 142,951 366,053
Total funds carried forward 256,195 127,750 383,945 241,901 143,940 385,841

11

Grantown on Spey & Dulnain Bridge Parish Church of Scotland

Balance Sheet

At 31 December 2025

Fixed Assets:
Tangible assets
Investments
Total Fixed Assets
Current Assets
Debtors
Cash at bank and in hand
Total Current Assets
Liabilities
Creditors falling due within one year
Net Current Assets
Creditors falling due after more
than one year
Net Assets
The funds of the charity:
Endowment funds
Restricted income funds
Unrestricted income funds
Total charity funds		 Note
9
10
11
12
15
15		 Total Funds 2025
-
48,242
48,242
26,640
335,701
362,341
26,638
383,945
-
383,945
-
127,750
256,195
383,945		 Prior Year 2024
-
45,396
45,396
1,224
342,468
343,693
3,249
385,841
385,841
143,940
241,901
385,841

[W M Steele ]

Session Clerk

[A Ralston ]

Treasurer

23 February 2026

12

Grantown on Spey & Dulnain Bridge Parish Church Year ended 31 December 2025

Accounting Policies

The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below.

Basis of preparation

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 Standards applicable in the UK and Republic of Ireland (FRS102) effective from 1 January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).

Fund accounting

Funds are classified as either restricted funds or unrestricted funds, defined as 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 that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the charity.

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.

Going concern

The Trustees consider that there are no material uncertainties about the ability of the charitable company to continue for the foreseeable future, and therefore has adopted the going concern basis in preparing these financial statements.

Recognition of income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to 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 the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.

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 market; a corresponding amount is then recognised as expenditure in the period of receipt.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

13

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 constructive obligation to pay for expenditure.

Fixed Assets

The charity has the right to 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 consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises.

Grantown on Spey & Dulnain Bridge Parish Church Year ended 31 December 2025

The Church holds no tangible fixed assets which require to be recorded here.

We have no significant assets inside our buildings which are all owned by the General Trustees of the Church of Scotland.

However, we have 3 items (silver and pewter) dating back to 1708; these were valued at £2725 in 2018 based on replacement at current retail prices (copies can be provided)

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 in the year, the difference between cost and market value at the end of the 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.

Only gains on total investments are shown.

Taxation

Grantown on Spey & Dulnain Bridge Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held by The Church of Scotland with the Investors Trust.

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Creditors

Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

14

Grantown on Spey & Dulnain Bridge Parish Church of Scotland
Notes forming part of the financial statements
For the year ended 31 December 2025 Unrestricted Restricted Endowment Unrestricted Restricted Endowment
Funds Funds Funds Total Funds Funds Funds Total
2025 2025 2025 2025 2024 2024 2024 2024
£ £ £ £ £ £ £ £
1.Donations and Legacies
Offerings 37,318 3,524 40,842 34,461 3,674 - 38,135
Tax recovered on Gift Aid 8,968 734 9,702 7,883 696 - 8,579
Legacies - - -
Value of donated goods - -
Other 652 1,480 2,132 850 90 - 940
46,938 5,739 52,677 43,194 4,460 - 47,655
2. Income from charitable activities
Weddings and Funerals 2,250 2,250 1,800 1,800
Coffee mornings etc 670 670
Concerts
2,250 670 2,920 1,800 1,800
3. Income from other trading
activities
Rent Received from Property
Rent Received from Hall Lets 12,633 12,633 14,023 14,023
12,633 12,633 14,023 14,023
4. Investment Income
Dividends received 650 796 1,446 650 796 1,446
Deposit interest 7,817 7,817 8,794 8,794
8,467 796 9,263 9,444 796 10,240
5.Other Income
Receipts from General Trustees* 37,909 37,909 - -
Transfer of Union Balance* - -
37,909 37,909 - -
* capital drawdown from CFF for Manse upgrade

15

----- Start of picture text -----
Grantown on Spey & Dulnain Bridge Parish Church of Scotland
Notes forming part of the financial statements
Unrestricted Restricted Endowment Unrestricted Restricted Endowment
For the year ended 31 December 2025 Funds Funds Funds Total Funds Funds Funds Total
2025 2025 2025 2025 2024 2024 2024 2024
£ £ £ £ £ £ £ £
1.Analysis of Expenditure
Raising Funds
Investment Manager’s Fees - - - - - - - -
Offering Envelopes - - - - - - - -
- - - - - - - -
Charitable Activities
- -
Giving to Grow Allocation 29,813 29,813 20,387 20,387
Presbytery Dues 1,050 1,050 654 - - 654
- - - -
Voluntary Additional Stipend
Minister’s Expenses 360 360 1,596 - - 1,596
Ministerial Assistance/Locum - - - -
Pulpit Supply 567 - - 567
-
Other salary costs 4,475 4,524 8,999 5,454 4,120 9,574
- -
Fabric Repairs & Maintenance 4,157 16,950 21,107 5,009 5,009
Council Tax 1,574 1,574 - - - -
- -
Other Building Costs 52,495 52,495 15,300 15,300
Church Office Expenses 222 222 - - - -
Organ & Music 246 246 222 - - 222
Other Expenses 1,918 2,358 4,276 3,121 280 - 3,401
Total 96,312 23,832 120,144 52,310 4,400 - 56,710
96,312 23,832 120,144 52,310 4,400 - 56,710
Support costs have not been separately identified as the trustees consider there is only one charitable activity.
Therefore support costs relate wholly to that activity and have not been separately identified.
----- End of picture text -----

16

Notes forming part of the financial statements for the year ended 31 December 2025

for the year ended 31 December 2025
2025
£
7.
Staff costs and numbers
Salaries and wages
Social security costs
Total
NIL
The average number of employees during the year was as follows:
2025
Number
Ministerial support
Administration
Music staff
Premises maintenance
NIL		 2024
£
NIL
2024
Number
NIL

The Church does not employ any staff. The Organist, Cleaner and project specialists are engaged on Contracts for Service and are paid at an agreed rate for the work they carry out when required.

No employee had employee benefits in excess of £50,000 (2024 nil)

All 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 5th and subsequent years) £39,856.

8. Trustee Remuneration and Related Party Transactions

During the year, 1Trustee received reimbursement of expenses incurred totalling £7.00, and £1574 Council Tax was paid on behalf of Rev E J McLean.

No Trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.

17

Notes forming part of the financial statements for the year ended 31 December 2025

9. Tangible Fixed Assets

Cost
At 1 January 2025
Additions
Disposals
At 31 December 2025
Accumulated Depreciation
At 1 January 2025
Charge for year
Eliminated on Disposals
At 31 December 2025
Net Book Value
At 31 December 2025
At 31 December 2024		 Buildings
NIL
NIL
NIL
NIL
NIL
NIL		 Office
Equipment
NIL
NIL
NIL
NIL
NIL
NIL		 Total
NIL
NIL
NIL
NIL
NIL
NIL

18

Notes forming part of the financial statements

for the year ended 31 December 2025

10.
Investments
Market value at 31 December 2024
Unrealised gain / (loss) on investments
Market value at 31 December 2025
Investments at cost
The following investments are held:
DB Smith bequest
General Purposes
Reserve Fund
Fabric Fund		 2025
£
45,396
2,845
48,242
27,678

include investments with C of S Investors Trust Growth and Income Funds

11. Debtors

Gift Aid Tax Refund Due
Other
12.
Creditors
Accruals
Other		 2025
£
1,025
25,615
26,640
2025
£
26,638
-
26,638		 2024
£
894
330
1,224
2024
£
3,249
-
3,249

13. Analysis of Net Assets Among Funds

Fixed Assets
Investments
Current Assets
Current Liabilities
Net assets at 31 Dec 2025
Fixed Assets
Investments
Current Assets
Current Liabilities
Net assets at 31 Dec 2024		 General
£
33,127
249,518
26,638
256,007
General
£
-
30,720
214,163
3,249
241,634		 Designated
£
188
-
188
Designated
£
-
-
268
-
268		 Restricted
£
15,115
112,636
-
127,750
Restricted
£
-
14,677
129,263
143,940		 Endowment
£
-
-
-
-
Endowment
£
-
-
-
-
-		 Total
£
48,242
362,342
26,638
383,945
Total
£
-
45,396
343,694
**3,294 **
385,841

19

Notes forming part of the financial statements

for the year ended 31 December 2025

14. 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 n for the commitment shown.

15. Movements in Funds

Movements in Funds
Endowment funds
NIL
Restricted funds
20/20 Development Fund
Unrestricted funds
Designated Flower Fund
General Fund
Total funds
Endowment funds
NIL
Restricted funds
20/20Development Fund
Unrestricted funds
Designated Flower Fund
Designated Organ Fund
General Fund
Total funds		 At 1
January
2025
£
143,940
267
241,634
385,841
At 1
January
2024
£
142,951
362
39
222,700
366,052		 Income
£
7,643
-
110,605
118,248
Income
£
5,389
-
-
71,110
76,499		 Expenditure
£
23,832
80
96,232
120144
Expenditure
£
4,400
95
222
51,993
56,710		 Transfers
£
-
-
-
-
Transfers
£
-
(183)
(183)
-
-		 At 31
December
2025
£
127,750
188
256,007
383,945
At 31 Dec
2024
£
143,940
267
-
241.634
385,841

20

Purposes of Endowment Funds

N/A

Purposes of Restricted Funds

20/20 Project Fund. This is a fund to assist with the cost of the redevelopment of the Church building, including new heating, pew removal and provision of kitchen, toilets and meeting rooms.

Purposes of Designated Funds

Flower Fund: this is a fund to provide flowers for display during services of worship

16. Collections for Third Parties
Collections for Third Parties
Christian Aid
Christian Aid Emergency Appeal
Earl Haig Fund
The Childrens Society
B & S Food Hub
Blythswood Shoe Box Appeal		 2025
£
1,101
320
100
128
445
320
2,414		 2024
£
1,176
178
97
-
-
1,451

21

APPENDIX

FUNDS HELD ON BEHALF OF THE CONGREGATION

BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES

CAPITAL ACCOUNT
Credit Balances held at 31 December at cost
Market Value of Balances at 31 December
REVENUE ACCOUNT
Credit Balance at 31 December
l
TEMPORARY ACCOUNT
Credit Balance at 31 December		 2025
£
304,125
315,425
24,546
-*		 2024
£
21,151
30,957
10,382
296,093

*Actual balance £279,335 as committed funds for Manse Capital projects in 2025 have been drawn down and paid out in January 26 and shown under Creditors and Debtors in these accounts.

**transferred to Capital Account

22