REGISTERED CHARITh NUMBER: SC013392 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2025 for Tain & Fearn Free Church of Scotland Mackay & Co Chartered Accountants Unit 8 Golspie Business Park Golspie Sulherland KW10 6UB
Tain & Feam Free Church of Scotland Contents of the Financial Statements for the Year Ended 31 December 2025 Page Report of the Trustees Independent Examiner's Report statement of Financial Activities Balance Sheet Noles to the Financial Statements 8 to 13 Detailed Stalement of Financial Activities 14
Tain & Fearn Free Church of Scotland ort of the Trustees for the Year Ended 31 December 2025 The trustees present their report with the financial slatements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charilies: Stalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Aims and Affiliatlon The Free Church of Scotland currently has around 100 congregations in Scotland, as well as 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 Chflstian workers and suslains an extensive Missionary programme relative lo the size of the Church. Dating from 1843 but wilh its rools in the Reformation, it owes its distinctive title to its historical struggle to remain 'free' from state interference in its internal affairs. It has close and active relations with many other Refomied Churches of Jesus Christ throughout the world and stands firmly in the tradition which accepts the Bible in its entirety as the Word of God and, therefore, derives its forms of leaching, 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 salvation 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 the Church and which gives Ihe historical background to the Church coming into being in 1843 and lists documents in which is embodied its constilution. Tain & Feam 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 assistsnl minister paid from the Central funds of the Church. The Church buildings and manses are the property of the congregation and are held in trust by locally elected propety lor congregational) trustees under the Church's Model Trust Deed. Page 1
Tain & Fearn Free Church of Scotland Re ort of the Trustees for the Year Ended 31 December 2025 ACHIEVEMENTS AND PERFORMANCE Activities and Achievements During 2025 we continued to live-steam our Sunday seNices from Hilton Free Church. These remain on our YouTube channel after broadcast to reach a greater audience. We host four services of public worship each Sunday and have tsvo midweek meetings. There is provision for a Sunday School and Creche at our morning services. We support a Scripture Union in one of the Prlmary Schools. We have a growing Youth Fellowship which catets for 20 teenagers at a fortnightly meeting. We provide a free lunch to the community lce a week on a Monday and a Friday. Each Tuesday we host a meal and a support group for Ihose struggling with addiction. We run Crafts and Company lce a month to help with isolation and loneliness. There is a Parent and Toddler Group each Thursday during term time. We help run an outreach hub in a deprived local housing estate every Friday night. We introduced a new Women's Blble study to add to the existing study groups each month. We continue to host a monthly forum for discussion and questions. Our ministers regularly lead religious assemblies in six 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 supporl the National Free Church of Scotland both spiritually and financially. We supported the local community market by hosting stslls and helping other stallholders. One of our ministers provided a monthly updale for a local community newspaper. We hold monthly services in a local care home and provide pastoral care in the community. We adopted a smaller congregation in Presbytery, providing practical & prayerful support. Several of our elders act as Assessor Elders in smaller congregalions within the Presbytery. We supported a Mission Support Organisation prayerful and financially through the year. Page 2
Tain & Fearn Free Church of Scotland ort of the Truslees for the Year Ended 31 December 2025 FINANCIAL REVIEW Reserves pollcy Results for the Year The vacant site prevsously occupied by the Tain Health centre was identified and purchased in 2016 for building a replacement Church as the existing building (directly across the road} is restricted in size for a growing congregation. Fundraising less expenditure for this year is showing a net surplus of £60,622, with net assets held at year end of £760,210 (of which cash £659,259). The trustees transferred £11,268 from Ihe general fund to the new build fund to cover the cost of the loan payments. The net position on the fabric fund has seen an increase to £32,122 from £25,121. The deficit in the year for the account for day to day cosls is (£7.8221 resulting in a closing cash balance of £31,551. There is a closing cash balan 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 method of electing new Truslees (Elders and Deacons). Any election process must involve the communicant membership of the congregation. There is no fixed lerm of Trusteeship. Prior to their appointment, new Truslees 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 to day operations. As part of their induction process, new Trustees are required to understand Iheir statulory responsibilities as well as the responsibilities of their office within the congregation as elder or deacon. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC013392 Principal address 10 Duthac Wynd Tain Ross-shire IV19 1LP Page 3
Tain & Feam Free Church of Scotland Re ort of the Trustees for the Year Ended 31 December 2025 Trustees Rev A MacAulay Rev A MacLeod (resigned 5.4.251 Dr J A Skinner T Walker B Ferrier J Garvie H Campbell W Paterson T D Merrick J Skinner J Allan H MacKenzie W MacKenzie H Ross R MacKenzie A Macleod D Skinner M D Maclver F Macrae D Macdonald W Ross S Robertson Independent Examiner David A Ross CA Mackay & Co Chartered Accountsnts Unit 8 Golspie Business Park Golspie Sutherfand 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 Rev A MacAulay - Trustee Page 4
Inde endent Examiner's Re Tain & Fearn Free Church of ort to the Trustee 112nd I report on the aerA)unts for the year ended 31 December 2025 set out on pages six lo thirteen. Respective responslbilitles of trustses and examlner The charity's trustee5 are responslble for Ihe PpatIon of the accounts in accordance with the terms of the Charities and TnJstee Inveslmenl (scoand} Act 2005 and the Charitles AccoLnts {Scotland) Regulations 2006 (as 3mended)- The charitys trustses consider that the audi," requirement of Regulation 10{1)la) lo (cl of the Accounts Regulations does not apply. l+ is my r85Fxinsibility to examine the accounts as qUired under Se¢Uon 4411 Ilc} of the Act arsd to slaLe whether particular matters have come to my 8ttentson. Basls of the Fnd8pendent examlnerfs report My examination was c8rried out In acwrdance with Regulation 11 of the Charities Accounts Isaitland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comp8ri50n of the accounts presented with those records. It also includes Gonsideration of any unusual Items or dis¢losures in the 2rcounls. and seeking explanations fro you as trustees concerning any such matters. The procedu5 undertaken do not provide all the evidence that would be required in an audit, and consequently I do not exp$S an 8udit opinion on the view given by the accounts. Independent examlner's statement In Gonnection with my examinatlon, no m8fter has corne to rny attention . (I I which gives me reasonable cause to believe that. in any material spect, the requiremeryls to keep accounting records In accordance with Section 44(1Xa) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulatlons., and to prepare accounts which accord wlth the acwunting records and to comply with R8gulalior, 8 of the 2006 A¢¢ounts RegulatnS have not been rnet,. or {2) to which. in my opinion, attentlon should be drawn in order to enable 8 proper underslapding of the accounts to be reached. 6bVL David A Ross CA The Institute of Chartered Accountdnts ol Scoiland Mackay & Co Chartered Accountsnls Unit 8 Golspie Business Park Golspie Sutherland KW10 6UB Page 5
Tain & Fearn Free Church of Scotland Statemenl of Financial Activilies for the Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 240,609 240.609 250,808 Charltable activlties New Build 46,000 Investment income 8,617 8,617 Total 249,226 249,226 296,808 EXPENDITURE ON Charitable activities Church Propety upkeep New Build 160,096 18,548 10,820 160,096 18,548 10,820 147,644 21,258 102,544 Total 189,464 189.464 271,446 Net gains on inveslments 860 860 1,608 NET INCOME 60,622 60,622 26,970 RECONCILIATION OF FUNDS Total funds brought foNard 693,988 5,600 699,588 672,618 TOTAL FUNDS CARRIED FORWARD 754,610 5,600 760,210 699,588 The notes form part of these financial statements Page 6
Tain & Feam Free Church of Scotland Balance Sheet 31 December 2025 31.12.25 Total funds 31.12.24 Totsl funds Unreslricted Restricted funds funds Notes FIXED ASSETS Tangible assets Investments 134,465 14.384 134,465 14,384 134,465 13,524 148,849 148,849 147.989 CURRENT ASSETS Cash at bank 653,659 5,600 659,259 608,193 CREDITORS Amounts falling due within one year (7,392) 17,3g21 (7,390) NET CURRENT ASSETS 646,267 5,600 651,867 600,803 TOTAL ASSETS LESS CURRENT LIABILITIES 795,116 5,600 800.716 748,792 CREDITORS Amounts falling due after more than one year (40,508) 140,506) {49,204) NET ASSETS 754,610 5,600 760,210 699.588 FUNDS Unrestricted funds-. General fund Property upkeep New Build 10 45,935 32,122 676,553 52,898 25,121 615,969 754,610 693,988 Restricted funds.. Audio-visual equipment 5,600 5,600 TOTAL FUNDS 760,210 699,588 The financial stste ents were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. A MacAulay - Trustee The notes fomi part of these financial statements Page 7
Tain & Fearn Free Church of Scotland Note5 to the Financial Statements for the Year Ended 31 December 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial stalements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 '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) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and Trustee Investment {Scotlandl Act 2005. The financial statements have been prepared under the historical cosl convention, with the exception of investments which are included at markel value, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the charity has entitlemenl lo the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to thal expenditure, it is probable that a Iransfer of economic benefits will be required in settlement and the amounl 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 lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of reSoUrs. Tangible fixed assets Depreciation 15 provided at the following annual rates in order to wrile off each asset over its estimated useful life. Freehold property 5% oncost Taxation The charity is exempt from tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriclions 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 Ihe notes to the financial ststements. Page 8 continued...
Tain & Fearn Free Church of Scotland Notes to the Financial Statements - continued for Ihe Year Ended 31 Dernber 2025 INVESTMENT INCOME 31.12.25 Total funds 31.12.24 Total funds Unrestricted Restricted funds funds Deposit account interest 8,617 8.617 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Tolal funds INCOME AND ENDOWMENTS FROM Donations and legacies 250,808 250,808 Charitable activltles New Build 46.000 46,000 Total 296,808 296.808 EXPENDITURE ON Charitable activities Church Property upkeep New Build 147,644 21.258 102,544 147,644 21,258 102,544 Total 271,446 271,446 Net gains on investmenls 1,608 1,608 NET INCOME 26,970 26,970 RECONCILIATION OF FUNDS Total funds brought forward 667,018 5,600 672,618 TOTAL FUNDS CARRIED FORWARD 693,988 5.600 699,588 Page 9 continued..
Tain & Fearn Free Church of Scotland Notes lo the Financial Statements - continued for the Year Ended 31 December 2025 TANGIBLE FIXED ASSETS Freehold property COST At 1 January 2025 and 31 December 2025 134,465 NET BOOK VALUE At 31 December 2025 134.465 Al 31 December 2024 134,465 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 January 2025 Revaluations 13,524 860 At 31 December 2025 14,384 NET BOOK VALUE At 31 December 2025 14,384 At 31 December 2024 13,524 There were no investment assets outside the UK. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Other creditors 7,392 7,390 Page 10 continued...
Tain & Fearn Free Church of Scotland Notes to the Financial Statements - continued for the Year Ended 31 December 2025 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.25 31.12.24 Other creditors 40,506 49,204 LOANS An analysis of the malurity of loans is given below: 31.12.25 31.12.24 Amounts falling due within one year on demand= Other loans 7.392 7,392 Amounts falling between one and two 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 10,938 19,636 10. MOVEMENT IN FUNDS Net movement in funds Transfers belween funds At 31.12.25 At1.1.25 Unrestrlcted funds General fund Property upkeep New Build 52,898 25,121 615,96g 4,643 6,663 49,316 (11,6061 338 11,268 45,935 32,122 676,553 693,988 60,622 754,610 Restricted funds Audio-visual equipment 5,600 5,600 TOTAL FUNDS 699,588 60,622 760,210 Page11 ontinued...
Tain & Feam Free Church of Scotland Notes to the Financial Statements - continued for the Year Ended 31 December 2025 10. 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 Property upkeep New Build 163,879 25,211 60,136 1160,096) {18,548) {10,820) 860 4,643 6.663 49,316 249,226 (189,464) 860 60.622 TOTAL FUNDS 249.226 (189,464) 860 60,622 Comparatives for movement in funds Net movement in funds Transfers between funds Al 31.12.24 At 1.1.24 Unrestricted funds General fund Property upkeep New Build 50.094 21,459 5g5,465 15,538 3,427 8,005 {12,734) 235 12,499 52,898 25,121 615,969 667,018 26,970 693,988 Restrlcted funds Audio-visual equipment 5,600 5,600 TOTAL FUNDS 672,618 26,970 699,588 Comparative 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 {271,446) 1,608 26,970 TOTAL FUNDS 296,808 1271,4461 1,608 26,970 Page 12 continued...
Tain & Fearn Free Church of Scotland Notes lo the Financial Statements - continued for the Year Ended 31 December 2025 10. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows- Nel movement in funds Transfers between funds At 31.12.25 At1.1.24 Unrestricted funds General fund Property upkeep New Build 50,094 21,459 595.465 20.181 10,090 57,321 (24,340) 573 23,767 45,935 32,122 676,553 667,018 87,592 754,610 Restricted funds Audio-visual equipment 5,600 5,600 TOTAL FUNDS 672.618 87,592 760,210 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 325,453 49,896 170,685 {307,740) {39,806) 1113,364) 2,468 20,181 10,090 57,321 546.034 (460,910) 2,468 87,592 TOTAL FUNDS 546,034 (460,910) 2,468 87.592 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2025. Page 13
Tain & Fearn Free Church of Scotland Detailed Statement of Financial Activilies for the Year Ended 31 December 2025 31.12.25 31.12.24 INCOME AND ENDOWMENTS Donatlons and legacles Legacies Ordinary income Missions Magazines Gift Aid Property upkeep New Build 500 132,111 9,661 465 24,726 25.211 47.935 5.000 126,219 6,973 297 26,665 24,685 60,969 240,609 250.808 Investment income Deposit account inleresl 8,617 Charitable activities Grants 46,000 Totsl incoming resources 249,226 296.808 EXPENDITURE Charltable activities Central funds Pulpit supply Minister Presbytery dues Loan interest Property upkeep New Build 96,023 6,010 9,320 2,982 2,570 18,548 8,250 92,801 2,730 12,731 1,930 2,985 21,258 98,328 143,703 232,763 Support costs Management Council tax Insurance Utilities Sundries 6,683 2,305 11.377 25,396 6,236 3,691 8,881 19.875 45,761 38,683 Totsl resources expended 189,464 271,446 Net Income 59,762 25,362 This page does not form part of the statutory financial statements Page 14
Inde endenl Examiner's Re ort to the Trustees of Tain & Fearn Free Church of Scotland I report on the accounts for the year ended 31 December 2025 set out on pages six to thirteen. 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's trustees consider Ihat the audit requirement of Regulation 10111{a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounls as required under Section 44111{c) of the Act and to state whether particular malters have come to my attention. Basis of the Independent examlner's report My examination was carried out in accordance wilh Regu18tion 11 of the Charities Accounts (Scotlandl 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 seeking explanations from you as trustees wncerning 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 connection with my examination, no matter has come to my attenlion . {1) which gives me reasonable cause to believe that, in any material respect, the requiremenls to keep accounting records in accordance with Section 44(1Xa) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations., and to prepare accounts which accord with the accounting records and to 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 lo be reached. David A Ross CA The Institute of Chartered Accounlants of Scotland Mackay & Co Chartered Accountants Unit 8 Golspie Business Park Golspie Sutherland KW10 6UB Date:........ Page 5