REGISTERED CHARITY NUMBER: SC013392
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Tain & Fearn Free Church of Scotland
Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

Tain & Fearn Free Church of Scotland
Contents of the Financial Statemenls
for the Year Ended 31 December 2024
Page
Report of the Trusteès
Independent Examiner's Report
Statsment of Financial Activities
Balance Sheet
Notes to the Financial Statements
8 to 14
Detailed Statement of Financial Activities
15

Tain & Feam Free Church of Scotland
ort of the Trustees
for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended
31 December 2024. The trustees have adopted the provisions of Accountin9 and Reporting by
Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102) (effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
Aims and Afflllation
The Free Church of Scotland currently has around 100 congregations in Scotland, as well as two in
London and five in North America, and sister Churches founded by mission work in India, Peru and
South Africa. The Church also has a full-time degree awarding college in the heart of Edinburgh
for the Training of Ministers and other Christian workers and sustains an extensive Missionary
programme relative to the size of the Church.
Dating from 1843 but with its roots in the Reformation, it owes its distinctive title lo its historical
struggle to remain 'free' frorn state interference in its internal affairs. It has close and active
relalions wtth many other Reformed Churches of Jesus Christ throughout the world and stsnds
firmly in the tradition which accepts the Bible in its entirety as Ihe Word of God and, therefore,
derives its forms of teaching. worship. ministry and government from it. The main emphasis of our
worship is the preaching of the Gospel - the good news of a free and sovereign salvalion through
Jesus Christ alone.
The Free Church of Scotland is a Presbyterian Church adhering in its worship and doctrine to the
position of the Church of Scotland at the Reformation. There is an explanatory document which
explains the origins of Ihe Church and which gives the hislorical background to the Church coming
into being in 1843 and lists documents in which is embodied its constitution.
Tain & Fearn Free Church of Scotland is a congregation of the national Free Church of Scotland
working towards the common aims set out above. The congregation is within the Northern
Presbytery and is authorised by the Church to have a minister and assistsnt minister paid from the
Central funds of the Church.
The Church buildings and manses are the propety of the congregation and are held in trust by
locally elected property (or congregational) trustees under the Church's Model Trust Deed.
Page 1

Tain & Fearn Free Church of Scotland
ort of the Trustees
for the Year Ended 31 December 2024
ACHIEVEMENT AND PERFORMANCE
Actlvities and Achievements
During 2024 we began to live-stream our services from Hilton Free Church.
These remain on our YouTube channel after broadcast in order to reach a greater audience.
We host four services of public worship each Sunday and have two midweek meetings.
There is provision for a Sunday School and Creche at our morning services.
We have a growing Youth Fellowship which calers for teenagers at a fortnighlly meeting.
We provide a free lunch to the community twice a week on a Monday and a Friday.
Each Tuesday we host a meal and a support group for those struggling with addiction.
We run Crafls and Company twice a month to help with isolation and loneliness.
There is a Parent and Toddler Group each Thursday during term time.
We help run an oulreach hub in a deprived local housing estste every Friday night.
We also have a variety of Bible Study groups each month.
We began a forum for discussion and questions once a month.
Our ministers regulady lead religious assemblies In slx primary schools and the High School.
We spent several days in local primary schools explaining the Christmas and Easter stories.
We collaborated with other denominations to hold joint services in Tain and the villages.
We continue to support the National Free Church of Scotland both spiritually and financially.
We supported the local community market by hosting stalls and helping other stall-holders.
One of our minislers provided a monthly update for a local community newspaper.
We hold monthly setvices in a local care home and provide pastoral care in the ¢ommunity-
We adopted a smaller congregation in Presbytery, providing practical & prayerful support.
Several of our elders act as Assessor Elders in smaller congregations within the Presbytery.
We adopted a Mission Support Organisation providing prayerful and financial support.
Page 2

Tain & Fearn Free Church of Scotland
ort of the Trustees
for the Year Ended 31 December 2024
FINANCIAL REVIEW
Reserves policy
Resulls for the Year
The vacant site previously occupied by the Tain Health ￿ntre was identified and purchased in
2016 for building a replacement Church as the existing building {directly across the road) is
reslricled in size for a growing congregation.
Fundraising less expenditure for this year is showing a net surplus of £26,970, with net assels held
at year end of £699.588 lof which cash £608,193).
The trustees transferred £11,268 from the general fund to the new build fund to cover the cost of
the loan payments.
The nel position on the fabric fund has seen an increase to £25,121 from £21,459.
The surplus in the year for the accounl for day to day costs is £1,195 resulting in a closing cash
balance of £39,373.
There is a closing cash balance in the audio-visual equipment fund of £5,600.
The Trustees are satisfied with the level of reserves retained by the charity.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
Free Church of Scotland is established by Constitution. It is a registered Scottish Charity (no
SC013392)
Appointment of Charity Trustees
The Kirk Session exercises its discretion in determining the most appropriate melhod of electing
new Trustees {Elders and Deacons). Any election process must involve the communicant
membership of the congregation.
There is no fixed term of Trusteeship. Prior to their
appointment, new Trustees would have served the Church for some time in various roles and
would be familiar with the Church's values. its aims and objectives as well its day lo day
operations. As part of their induction process, new Trustees are required to understand their
stalulory responsibilities as well as the responsibilities of their office within the congregation as
elder or deacon.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
SC013392
Prlnclpal address
10 Duthac Wynd
Tain
Ross-shire
IV19 1LP
Page 3

Taln & Fearn Free Ch rch of Scotland
ort of the Trustees
for the Ye
r Ended 31 December 2024
Inde
endent Examiner
Mackay & Co
Chartered Accountants
Unil 8
Golspie Business Park
Golspie
Suthertand
KW10 6UB
ASSETS HELD FOR CHARITABLE PURPOSES
Churches and Manses - £370.000
Approved by order of the board of trustees on
behalf by..
and signed on its
Pa9e 4

Inde
endent Exami
Re
rt lo the Trustees of
Tain & Fearn Free Church of Scotland
I report on Ihe 8¢counts for the year ended 31 Decèmb8r 2024 set out on pages Six to fourteen.
Re$pectlve responstbllities of tru8tees and examlnèr
Tne charity'6 trustees are responsible for the preparation of th8 accounts in accordance with Ihe
t8rms of the Charities and Truslee Investmenl (Swtlandj Act 2005 an¢ the Charities A¢¢ounls
(Scotland) Regulations 2006 las amended). The charity's ITUStees ¢onslder that the audit
requiremenl of Regulation 1011Xa} to {c) of th8 Accounts Regulatkons does not apply. It is my
responsibility to examine the accounts as required under Sedi'on 4411 IIG) of the Act and to slate
whether pam'cular matters have come to my attention.
Basis of the Independent •xamlner's report
My examination was carried out In accordance with Regulation 11 of thg Charities Accvunls
(Scotland) Regul8tlons 2006. An examination includes a review of the accounting record5 kept by
the charity and a cornparison of the accounts presented with those rewrds. It also includes
t£sn5idera￿on of any unusual Items or disclosures in accounts. and seeking explanatlons from
you as tnjstees concerning any such matter5. The prO￿dU￿8 undertsken do not provlde all Ihe
evidence that would be required Sn an audlt. and CDnsequenlly I do nct express an audit opinTron or
ttFe view given by the ac¢ounls.
Independent examlner's statement
In connection with my ex8minetion, no matt8r has come to my attention .
(1 } which glves me reasonable c8U$& to belleve that in any mat8rt81 r6SPO¢t, the requirements
to keep accounting records in a¢cordan¢e with Section 44{1)18) of the 2005 Act and
Regulatlon 4 of the 2006 Accounts Regulations-, and
lo prepare ac¢ounts which accord with the accounting records and lo comply wth Regulation
8 of tha 2006 Accounts Regulations
h8V6 not been mel-, or
12) to which, in my opinion, attention should be drawn in order lo enable 8 proper understanding
of the accounts to be reached.
MRckay & Co
Charte￿d Accountsnts
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB
Date..
Page 5

Tain & Feam Free Church of Scotland
Statement of Financial Activilies
for the Year Ended 31 December 2024
31.12.24
Total
funds
31.12.23
Tolal
funds
Unrestricted Restri￿ed
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
250,808
250,808
244,929
Charitable activities
New Build
46,000
46,000
Total
296,808
296,808
244,929
EXPENDITURE ON
Charitable actlvitles
Church
Property upkeep
New Build
147,644
21,258
102,544
147,644
21,258
102,544
141,348
5,958
24,151
Total
271,446
271,446
171,457
Net gains on investments
1,608
1,608
9,566
NET INCOME
26,970
26,970
83,038
RECONCILIATION OF FUNDS
Total funds brought forward
667,018
5,600
672,618
589.580
TOTAL FUNDS CARRIED FORWARD
693,988
5,600
699,588
672,618
The notes fomi part of Ihese financial stat6m8nts
Page 6

Tain & Fearn Free Church f Scotland
Balance Sheet
31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricled Restricte(i
funds
funds
Notes
FIXED ASSETS
Tangible assets
Investments
134,465
13,524
134,465
13,524
134,465
11,916
147,989
147,989
146,381
CURRENT ASSETS
Cash at bank
602,593
5,600
608,193
591,115
CREDITORS
Amounts falling dué within one year
(7,390}
(7,390)
(7,391)
NET CURRENT ASSETS
5g5,203
5.600
600,803
583,724
TOTAL ASSETS LESS CURRENT
LIABILITIES
743,192
5,600
748,792
730.105
CREDITORS
Amounts falling due after more than one
year
(49,204)
(49,204> 157,487)
NET ASSETS
693,988
5.600
699,588
672,618
FUNDS
Unrestricted funds:
General fund
Property upkeep
New Build
52,898
25,121
615.969
50,094
21,459
595,465
693,988
667,018
Restricted funds:
Audio-visual equipment
5,600
5,600
TOTAL FUNDS
69g,588
672,618
The fi
anci
I sta
nts were approved by the Board of Trustees and authorised for issue on
and werè sign8d on its behalf by..
The notes form part of these financial statements
Page 7

Tain & Fearn Free Church of Scotland
Notes to the Financial Statements
for Ihe Year Ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have
been prepared in accordan￿ with the Charities SORP IFRS 102) 'Accounting and Reporting
by Charities: Ststement of Recommended Practice applicable to charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities and Truslee Investment (Scotland) Act 2005. The financial statements have been
prepared under the historical cost convention, with the exception of investments which are
included at markel value, as modified by Ihe revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activilies once the charity has
entitlement to the funds, it is probable that the income will be received and the amount can
be measured reliably.
Expenditure
Liabililies are recognised as expenditure as soon as there is a legal or conslructive obligation
committing the charity lo that expenditure, it is probable that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all cost related to the category. Where costs cannot be directly attributed to
particular headings they have been allocated to activilies on a basis consistent with the use
of resources.
Tangible fixed assets
Deprecialion is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Freehold property
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion
of the Irustees.
Restricted funds can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
Page 8
conlinued...

Tain & Fearn Free Church of Scotland
Notes to the Financial Statements continued
for the Year Ended 31 December 2024
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended
31 De￿mber 2024 nor for the year ended 31 December 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the
year ended 31 December 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
244,929
244,929
EXPENDITURE ON
Charitable activities
Church
Propety upkeep
New Build
141,348
5,958
24.151
141,348
5,958
24,151
Total
171,457
171.457
Net gains on investments
9,566
9,566
NET INCOME
Transfers between funds
83,038
16,650
83,038
116,650)
Net movement in funds
99,688
116,650)
83,038
RECONCILIATION OF FUNDS
Tolal funds brought fotward
567,330
22.250
589,580
TOTAL FUNDS CARRIED
FORWARD
667,018
5,600
672,618
Page 9
continued...

Tain & Fearn Free Church of Scotland
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
TANGIBLE FIXED ASSETS
Freehold
property
COST
At 1 January 2024 and
31 December 2024
134,465
NET BOOK VALUE
At 31 December 2024
134,465
At 31 December 2023
134,465
FIXED ASSET INVESTMENTS
Listed
inveslments
MARKET VALUE
At 1 January 2024
Revalualions
11,916
1,608
Al 31 December 2024
13,524
NET BOOK VALUE
At 31 December 2024
13,524
At 31 December 2023
11,916
There were no investment assels outside the UK.
CREDITORS". AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Other creditors
7,390
7,391
Page 10
continued...

Tain & Fearn Free Church of Scolland
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24
31.12.23
Other creditors
49,204
57,487
LOANS
An analysis of the maturity of loans is given below-
31.12.24
31.12.23
Amounts falling due within one year on demand:
Other loans
7.392
7,392
Amounts falling between one and years:
Other loans- 1-2 years
7,392
7,392
Amounts falling due between and five years..
Other loans- 2-5 years
22,176
22,176
Amounts falling due in more than five years-
Repayable by instalments=
Other loans more 5yrs instal
19,636
27,919
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
be￿een
funds
At
31.12.24
At 1.1.24
Unrestricted funds
General fund
Property upkeep
New Build
50,094
21,459
595,465
15,538
3,427
8,005
112,7341
235
12,499
52,898
25,121
615,969
667,018
26,970
693,988
Restricted funds
Audio-visual equipment
5,600
5,600
TOTAL FUNDS
672.618
26.970
699,588
Page11
continued...

Tain & Fearn Free Church of Scotland
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
Propety upkeep
New Build
161,574
24,685
110,549
(147,644)
{21,258)
(102,544)
1,608
15,538
3,427
8,005
296,808
1271,446)
1,608
26,970
TOTAL FUNDS
296.808
1271,446)
1,608
26,970
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.12.23
At 1.1.23
Unrestricted funds
General fund
Propety upkeep
New Build
30,216
13,253
523,861
25,098
2,638
55.302
(5,220)
5,568
16,302
50,094
21,459
595,465
567,330
83.038
16.650
667,018
Restricted funds
Thomas Bogg
Audio-visual equipment
22,250
{22,250)
5,600
5,600
22,250
(16,650)
5.600
TOTAL FUNDS
589,580
83,038
672,618
Comparative nel movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
Propety upkeep
New Build
156,880
8,596
79,453
{141,3481
15,9581
(24,151)
9.566
25,098
2,638
55,302
244,929
{171,457)
9.566
83.038
TOTAL FUNDS
244,929
{171,457)
9,566
83,038
Page 12
continued...

Tain & Fearn Free Church of Scotland
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
MOVEMENT IN FUNDS - contlnued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
between
funds
At
31.12.24
At 1.1.23
Unrestricted funds
General fund
Property upkeep
New Build
30,216
13,253
523.861
40,636
6,065
63.307
{17,9541
5,803
28,801
52,898
25,121
615,969
567,330
110,008
16,650
693,988
Restricted funds
Thomas Bogg
Audio-visual equipment
22,250
122,250)
5.600
5,600
22,250
116,650)
5.600
TOTAL FUNDS
589,580
110,008
699,588
A current year 12 months and prior year 12 months combined net movement in funds,
included in the above are as follows..
Incoming Resources
resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
Propety upkeep
New Build
318,454
33,281
190,002
1288,992)
(27.216)
{126.695)
11,174
40,636
6,065
63,307
541.737
{442.903)
11.174
110,008
TOTAL FUNDS
541,737
(442,903)
11,174
110,008
Page 13
continued...

Tain & Feam Free Church of Scotland
Noles lo the Financial Statements - continued
for the Year Ended 31 December 2024
10. RELATED PARTY DISCLOSURES
There were no relaled party transactions for the year ended 31 December 2024.
Page 14

Tain & Feam Free Church of Scotland
D8tailed Statem8nt of Financial Activities
for the Year Ended 31 D8cember 2024
31.12.24
31.12.23
INCOME AND ENDOWMENTS
Donations and lègacles
Legacies
Ordinary income
Missions
Magazines
Gift Aid
Property upkeep
New Bulld
5,000
126,219
6,973
297
26,665
24,685
60,969
125,522
7,989
460
26.869
8,597
75,492
250,808
244,929
Charltable actlvltles
G￿ntS
46,000
Total incoming resources
296.808
244,929
EXPENDITURE
Charitable activities
Central funds
Pulpit supply
Minister
P￿$bytery dues
Loan inlerest
Property upkeep
New Build
92,801
2,730
12.731
1,930
2,985
21,258
98,328
87,346
2,009
11,901
1,282
3,342
5.958
18,121
232,763
129,959
Support costs
Management
Council tax
Insurance
Utilitiès
Sundries
6,236
3,691
8.881
19,875
6,096
5,987
7,530
21,885
38,683
41,498
Total resources expended
271,446
171,457
Nèt Income
25,362
73,472
This page does not fomi part of the statutory financial statements
Page 15