Faskally Christian Trust Trustees, Annual ReDOrt and Accounts tror the Year ended il March 2025 Registered Scottish Charities No SC 2202-
Contents Trustees, Annual Report Statement of Flnanclal Actlvities Balance Sheet Notes to the Accounts Independent Examinerfs Report to the Trustees of Faskally Christian Trust 10
Faskally Christian Trust Trustees, Annual Report and Accounts 31 March 2025 Trustees, Annual Report INTRODucfioN The trustees present their report and accounts for the year ended 31 March 2025. The accounts have been Drepared in accordance with the accounting policies set out in Note I to the accounts and comply with the charivs Deed of Trust and the Charities Accounts (Scotland) Regulations 2006, in particular Schedule STRucfuRE, GOVERNANCE AND MANAGEMENT th The Trust was established through the granting of a Deed of Trust on I" and 10 October 1993. The Trust was created for Charitable and Religious purposes, with the following principal purposes explicitly specified, namelv: (a) to provide and equip a permanent camp site or sites principally for the use of organisations associated with churches of Christians generally known as Christian Brethren. (b) to provide and equip a centre or centres which can be used for the furtherance of the Christian Gospel and the spiritual growth of Christians, and (c) for such other religious and charitable purposes as may be agreed upon from time to time by the Trustees. PRINCIPAL ADDRESS Faskally House Pitlochry PH16 SLA CURRENT TRUSTEES The trustees receive no remuneration for their services. They are willing to devote time and skill for the benefit of the Charity. The Charity also benefits from the services of a number of Christians who help out at events at Faskally The trustees are immensely grateful for all such contributions. A SUMMARY OF THE MAIN AcfiviTIES OF THE CHARITY UNDERTAKEN AND ACHIEVEMENTS IN THE PERIOD The Charity owns and operates Faskally House, Pitlochry. The trustees meet around four times a year to plan, discuss business and monitor progress. The managers, commenced their employment on 22. February 2016 and have thus been in post for more than 9 years and the trustees are very pleased with the way in which they have undertaken their various tasks. The Charity organises events for young people, families and older people. The House is also available for bookings by churches of Christians for church retreats and by organisations led by members of such churches for youth camps.
31 Marth 2025 Occupancy Is measured by nights and the flgures for the last five years are as follows: Year Camps Weekends Mld-week breats Total 202*25 202 2022.2023 2021-2022 202fy2021 4,904 5.020 5,158 2,001 1,930 2584 212 328 900 80 7,117 7,258 8,070 As can be seen above, the House has continued to be busy. Due to lower numbers attendln8 the Midweek breaks we have reduced these from four to three per year. There was a further issue with the heatlng which resulted In us havlng to cancel the bookjng for 3 8roup rl8ht at the start of aCtileS in 2025 and Incurred sl8nificant costs for temporary heating to allow the house to be used. The alm of the Charlty ts to malntain the House and the surrounding grounds to the highest standard possible. We have continued our program of repair and refurbishment but following two unsuccessful appllcations for support from Hlstorlc Envlronment Scotland to assist with the costs of rnaintaining the House which Is a listed buildin& we Issued an appeal for support from the thurches and users of the House who we believe. throu8h God's goodness, have responded very p051tively• allowing US to continue. This year we had an extensive program ovec the wintef Indudlng redecoration of the dlnin8 room and hallway and refurb5shment of two bathrooms. Durlng the finanaal year. we have seen a reductoon, thankfully, In energy costs and have completed the fittin8 of the solar panels and battery storage with this outlay belng funded through an interest free loan from the Scottish Government. The Charity has warious policies and procedures in connectlon with leglslatlve requirement& These are re8ularly reviewed and, where necessary, updated. FINANaAL REVIEW Charltoes wlth a gross Income of less than £250,000 can prepare accounts on the Receipts and Payments basls. In recent years we have been below thls threshold but since 2020 when the Charivs income was £292,000 we have prepared fulty accrued accounts. The Income had dropped below the threshold for two years but, with the 8eneroslty of those 8ivln& our income breached thls threshold last year. We had anticipated this and maintain&1 accrual accounting for consistency and in the expectatlon that Income would rdurn in the cornln8 years. The accounts whlch accornpany thls report show that Income from charitable activities deueased approximatety 5% compared to 2024 malnly due to a decrease In rental Income partlalty offset by higher trust events. Income from 8ifts and donatjons decreased by 6% cornpared to 2024. This decrease reflects the large level of onfroff income that was received In 2024 following our appeal to supporters. Thls yearfs gifts indude £80,(K)O from the dosure of an assembly In Lfverpool and £S0,1)30 grant from a charltable trusi whith wefe given spe(ificalty for roof repalrs whlch were carrled out thls year. We also frtted solar panels and battery storage to the Sports Hall and received a 10 year Interest free loan for these frorn the Scottish Government. In Ilne wlth our accountlng polldes we have capltsllsed the roof repairs and the solar panels and batteries and wlll depreclate these over their useful Ilves. tt is the poficy of the Trust to try to retsin a cash reserve of around £IO,CKX) to deal with any unplanned expenditure or breakdown. the tru +ev. ?ncl siyned on thplr bphalf Trustee Trustee 2 December 2025
askally Christian Trust Trustees, Annual Report and Accounts 31 March 2025 Statement of Financial Activities for the year ended 31 March 2025 Jnrestricted Restricted Funds Funds Total 2025 otal 2024 Note ncom£ Gifts and Donations Investment Income ncome trom Charitable Activities Other Income 68,813 15 130,000 198,813 15 211,867 173,274 1,317 243,419 173,274 1,317 373,419 181,771 4,254 397.900 Total Income 130,000 Expenditure Operating Costs Total Expenditure 290,786 290,786 434 291,220 291,220 283,518 283,518 434 Net incomel (expenditure) for the year (47,367) 129,566 82,199 114,382
Faskally Chrlstlan Trust T••¢ Annual R•port Act(Nnts 31 M¥th 2025 Balance Sheet As at 31 March 2025 Unrestrlcted RestrfLled Funds Funds Totsl 2025 Total 2024 Note Fixed Assets Property 525,712 525.712 103522 103,S22 629234 629,234 455370 455370 Current Assets Cash at bank and in hand Debtors 52,419 23,956 76,375 51419 T3,956 126375 107059 s0.1)X) 50,(K)O 107,059 Liabilities Amounts falling due wlthin one year 6 {24,865) (24,865) (23,956) (23,9S6) (48A21) (48.821) {32ty)) . (32001 Amounts falllng due after one year (65,360) (65,360) (65A601 (653601 Net Assets 511,862 129,566 641A28 559229 Funds of the Chority Property Income funds 525,712 (13,850) 511,862 103,522 26,044 129,566 629,234 12,194 641N28 455,370 103A59 559,229 The notes on pages 7 to 9 form part of these accounts. Approved by the Trustees and slgned on thelr behalf: Trustee Trustee l December 2025
Faskally Christian Trust Trustees, Annual Report and Accounts 31 March 2025 Notes to the Accounts Accounting Policies (a) Basis of preparation ond assessment of going concern The financial statements have been prepared under the historical cost convention with items recogniseo a= cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting ana Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Trust constitutes a public benefit entity as defined by FRS 10? I ne I rusiees consiaer Ihat there are no material uncertainties about the Trust's ability to continue as a going concern. (b) Funds Structure The Charity distinguishes between the unrestricted funds and restricted funds. Unrestricted funds are available at the discretion of the trustees in furtherance of the general objectives of the Trust and which have not been designated for other purposes. Restricted funds comprise certain specific receipts earmarked to particular purposes. (c) Income recognition All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations, are recognised when the Trust has been notified in writing of both the amount and settlement date. 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. (d) Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. (e) Irrecoverable VA T Irrecoverable VAT is charged against the expenditure heading for which it was incurred. (f) Tangible fixed assets and depreciation All assets that are separate from building improvements costing more than £10,000 are capitalised and valued at historical cost. Depreciation is charged on a straight-line basis oiler their estimated useful life from the year of acquisition. No depreciation is accounted for on property. (g) Contingent liabilities A contingent liability is identified and disclosed for those grants resulting from: a possitsle obligation which will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees, control. or a present obligation following a grant offer where settlement is either not considered probable; or the amount has not been communicated in the grant offer and that amount cannot be estimated reliably.
Faskally Christian Trust Trustees, Annual Report and Accounts 31 March 2025 Income from Charitable Actlvitles Income from charitable activities (unrestricted funds) can be analvsed as follows: 2025 2024 Trust events Catering and tuck shop Rental income 52,382 2,521 118,371 173,274 38,10 3,60ii 140,063 181,771 Operating Costs The operating costs (unrestricted funds) can be analvsed as follows. 2025 2024 Staff costs Rates and insurance premium Heat and light Repairs and maintenance Printing and postage Laundry and cleaning Telephone Catering Refurbishment and renovations Depreciation Sundry 50,927 19,311 41,435 58,259 2,213 24,079 3,056 15,695 64,959 4,358 6,494 290,786 46,110 14,452 70,085 61,376 1,316 24,670 2,71Y 18,289 37,039 7,462 283,518 Fixea Assets Unrestricted unds Restricted Funds 2025 2024 Cost Opening balance Additions Closing balance 455,370 74,700 530,070 455,370 178,656 634,026 455,370 103,956 103,956 455,370 Depreciation Opening balance Charge for the year Closing balance 4,358 4,358 434 434 4,792 4,792 Net book value 525,712 103,522 629,234 455,370
Faskally Christian Trust (rustees. Annual Report and Accounts 31 March 2025 Current Assets Unrestrlcted Funds Restrlrted Funds 2025 2024 Cash at bank and in hand Intra-fund receivable Grant receivable 52,419 23,956 52,419 23,95D 50,000 126,375 107,059 50,000 50,000 76,375 107.050 Creditors: amounts falling due within one year Unrestricted Funds Restricted Funds 2025 2024 Deposits Scottish Government Interest Free Loan Intra-fund payable 12,325 9,340 12,325 9,340 23,956 45,621 3,200 23,956 23,956 24,865 3,200 Creditors: amounts falling due after one year Unrestricted Funds Restricted Funds 2025 2024 Scottish Government Interest Free Loan 65.360 65,360 65,360 65,360 Movement in Funds Unrestricted Funds Restricted Funds 2025 202I Income Funds Opening balance Net (expenditure)/income for the year Resources used for acquisition of fixeo assets Closing balance 103,859 (47,367) 103,859 82,199 (10,523) 114,38 129,566 (70,342) (13,850) (103,522) 26,044 (173,864) 12,194 103,859 Property Funds Opening balance Resources used for acquisitions of fixed assets Closing balance 455,370 455,370 455,37(J 70,342 525,712 103,522 103,522 173,864 629,234 455,370
Independent Examinerfs Report to the Trustees of Faskally Christian Trust ! report on the accounts of Faskally Christian Trust (ReRistered Scottish Charities No. SC 22025) for the year ended 31 March 2025 which are set out on pages 4 to 9. 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 ',arities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 (as amenaea). The Charity 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 441 J ! (c) of the Act and to state whether particular matters have come to my attentio-, Basis of independent examinerfs statement My examination is carried out in accordance with Regulation 11 of the 2006 Accounts 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 ot any unusual items or disclosures In Ine accounis ana 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 examinerfs statement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the reauirements: 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 Drepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met. or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the ircounts to be reached. 10