Cliarity r¢straUOn number.. SC031391 St Columba's - Poltalloch Annual Report and Financial Stai¢m¢nts for the YearEnded 30 Sepiember 2025
St Columba's- Poltalloch Contents (continued) Reference and Administrative D¢lails Trnst¢es' Report 2103 Sialemenl of Trusiees, Responsibilities Independent Examinevs Repon Statement of Financi81 A¢livili¢s Batance Sheet Notes to the Financial Statements 81015
St Columba's - Poltalloch Trustee5' Report Tlie trusiccs present tli¢ annual r¢pon iogether wilh the financial statements of the ¢harity for the year ended 30 September 2025. Objectives and actiYitie8 Publie benefit Tlie trustees confirm that they have coinplied wilh the requirements of the Charities al Trustee Inveslmeni (Scotiand) Act 2005 a1 ihe Chariti Accounts (Scotlandl Regulations 2006. Achievement5 and ijerforniance The Reverend Canon Siinon Mackenzie continue5 a5 Priest-ln-clwge of ihe Cliarges of Mid Ar11 and An, wlii¢h iiicludes S( Coluinba's, Poltalloch. After a Joint meeting of Si Columba's and Christ Church with Bishop David Railton early in 2025, it was decided to rnbin¢ ih¢ Sung Eucliarists on ihc firs¢ Sunday of the illonth into one seNice ai St Coluinb1c'S, at the new lime of 10.00 am, This was insiituted at candlem followed by a parish lunch at the KilmBrts'n Hol¢l. The church suffered soine dainage during a storm in Janaury, when a large ire¢ fell down, damaging walls and preventing acces5 to ihe chur¢liyard. Tliere was also damag¢ io ihc roof. and onc of the crosses was smashed. Work conlinu¢s io repair Ilie damagq which is fundcd by ihc insurets, less an cxccss of £lUOO. The kneelers along ihe alier rail were replaced, and matching cushions were commissioned for the choir s¢all& and ihe firsi fiv¢ pcws, assisting in keeping th¢ congrcgalion som¢whal warni¢r in ihe win(er rnont1. Donations raisoj al the Carol Seryice will be (orwarded directly to Medicins Sans Fronticre& Donalions re¢civ¢d by the cliurch from Inonthly debit orders remain1 con51Stent, and plate donations hav¢ in¢reasgJ sligliily. A wedding was celebrated earlier in tlie year. Dividcnds fron) listed investtnents fell by £377, partly owing to the wiilidrawil of fvnds in th¢ previous year. £3000 was wiilidrawi from the invcstmcnts on bchalf of ¢lic Fabric Fund, to pay for tlie new kncelcrs and cushion& and othcr rcpairs. Tliejr was a trodin8 loss on thc disposal of shares amounting to £2,978, and a number of shHr¢s in the ponfolio were converted to Treasury stocks aThJ 8ilts. The Inain items of cNpKnditure for ilie year were the contributio4 towards tli¢ stip¢nd of the in¢umben¢ 1£4.5601, a pleasing decrease in tlie costs of eleclricity and healing (£2,749) and il)¢ r¢paits and renewals 1£4.809). Financlal reTrlcw A deficit of £ 7,175 ivas su$tain¢d during the year, of which £ 4,208 (which includes the excess on the insuran claiin), pertains to the repairs and r¢n¢wals. After the withdrawal of £3,IK)O for repairs and renewal4 the mRrket value of the inv¢stmeni portfolio {including the incom¢ and trading accounts) a5 at 10 Septcmbcr 2025 was £127,106, compared io a book value of £110,191, an incr¢asc of £16.915. Tliis indicat&5 a substantid Increa in the capitat value during the year, as the mark¢i value for thc prcvious year was £128,270, compared to a book value of £118,544 (an increase of £9,726). Plans ar¢ being draTh UP to rdise the fijnds to complete the mof repairs, and repl¢nish r¢s¢rv¢s, which have d¢¢r¢ased ov¢r the last few years. Page 2
St Columba's - Poltalloch StAtement of Trnstees, Responsibilities The ttyslees are responsible for preparing ih¢ irnstees, rewrt and the financial stdtements in accordantt with ihe Uniied Kingdom Accounting Sthndar(b (United Kingdom Generally Aizepted Accounung Praciice) and applicable law and regulatiotts. The law appli¢8ble to charities requires ihe trnsle¢s lo prepar¢ financial statements for each finan¢ial year whicli give a irne and fair view of the state of affairs of Ili¢ cliarity and of the incoining resourc¢s and appIltiOn of resources of the charity for that period. In preparing th¢s¢ financial Statemen Ilie tru5tee5 are required to.. select suitable accouniing policies and then apply ihein consistenily., observe the methods and principle5 in ihe Charities SORP., mak¢ judgein¢nls and estimates that are reasonable and prudent. slal¢ whether applicable accouniing standards have been followed. subject lo any maleriai departuffs disclosed and explained in the financial slaicments,, and prepare Ili¢ financial siateinents on il)¢ going cortcern basis unless it is inappropri8t¢ to presume that the charity will coniinue in business. The trustees are r¢sponsible for keeping prop¢r accountin8 records thai disclose with reasonable accuracy ai any time ihe financial position of tlie clntY and enable tliein lo ensur¢ that Ihe financial siaiem¢nts coinply with th¢ cln11tS Act 2011, 111¢ Cliarities (Accounts and Reports) R¢gulaiions 20118. and ihe provision5 of th¢ constitution. Tlic tmsiees ar¢ also responsible for safeguarding ihe assels of the cliarity and hen¢¢ for taking reasonable steps for Ilie prevenlioii and (kI110n of fraud and other irr¢8ulariiies. t- 7 JUN 2016 Approved by Ihe trusle¢s of Ilie charity on ..,....,............ and signed on ils behalf by.. Mr. An Trustee Tew Malcolin Pag¢ 4
St Columba's - Poltalloch Statement of Financial Activitie5 for the Year Ended 30 September 2025 Unrestricted Reslricted funds Endowmcnt funds Total 2025 Note Income and EndowmeDts from: Donation& l¢ga¢ies and grants Charitable activities Investinent income Oiher income 6.241 500 2,486 388 6.629 500 5,346 992 2,860 992 Total income 2,860 13.467 Expendlture on: Charitabk aciivities 992 Total expenditure Gaitlo$S¢S on investment assets 1992) 14,560) {l7,663) (2,978) 2.978 Nel (¢xpcnditure)linc¥)me 388 1,700 7.174 Nel movement in funds (5.862) 388 11,7001 17,1741 Reconclllatlon of fund8 Total funds brouglii fon¥ard Total funds forward 64.897 121441 12 50.682 Unrestricted fundy 388 R¢¥¢rfct¢ funds 63.197 Endowment funds 114,267 Total 2024 Note Income and Enilowments from: Donations. legacies and grants Charilable aclivilies Inv¢stm¢nl ijKome 6,148 550 3,762 9,910 550 7,903 Total income 18.363 EJpenditure on: Cliaritable aclivilies Totsl exF¢ndilute 43,759 14,550 (32,071) Net expenditure 958 Nel movement in funds 132.750) {958) {33,708) Re¢on¢iliation of fund5 Total funds bTouglii forward 89.293 65,855 155,148 Tothl funds Garried forward 12 64,897 121440 All of tlie charity's a¢uTriues derive from continuing 0ratiOrL$ dunng the abov¢ iwo kxriods. The ndS breakdown for 2024 is shown in note 12. Th¢ not¢5 on pages 8 to 15 forni an intewl part of thes¢ finan¢iai stat¢rncnts. Page 6
St Columba's - PoltalIoch (Registration number: SC031391) Balance Sheet As at 30 September 2025 2025 2024 Note Fixed assets Investments 109,25X) 115,OL8 Current asset8 D¢biors Cash dt bank and in hand io 986 3,991 909 5.513 6.422 4.977 Net as8et8 114267 121.440 Funds of the charlty: Endowment fund% 63,197 64,897 Restrlcted income funds Reslricled funds 388 UnrestTiclcd ineome funds Unrcsiricied funds 50.682 56,J43 Totul fund$ 12 114267 121440 stateincnts on pages 6 to 15 were approved by the trnstee5. and authori for issue on nd signed on their behalf by.. Mr. Siuan Cannon Trusiee Th¢ not¢s on pages 8 10 15 forni an integTai part of these financial statements. Page 7
St Columba's - Poltalloch Noles to the Financial Statements for the Year Ended 30 September 2025 l Accounting Wbllcles StateJDent of compliance The financial siaieillenis have been prepar&1 in accordance with A¢Unting and Reporting by Charities.. Siatement of R¢commended Practice applicable to charities preparing their accounts in aOrdance with the Financial Reportlng Standard applicible in tlie UK and Republic of Ireland IFRS 102) l¢ffcGtive l January 2015) IChariti¢s SORP IFRS 102)). thc Financi Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and th¢ Charities and Trustee Investment (Scotland) Act 2005 and lh¢ Charities Accounis (Scotland) R¢gulaiions12006) as amended. Basis of prei)4ratlon St Columba's Poliallocli n)eets the dcfinition of a public benefit entity under FRS 102. Tlie accounts (financial statcmcnls) have bc¢n Prepared under ihc liislorica] cost Convention with iieiiis recognised at cos( OT tran5acUon value UnIc henVI$¢ slalcd in tlie rel¢van¢ not¢{s) io tliese accounts. Going conc¢rn Th¢ irustees consider tllat there are no materia] uncertainiJe5 about the charity'5 ability lo Wntin as a going concern. Intome and endowments Voluntary income including donatio gifts. legacies and grants ihat provide core (unding or are of a general nalujr is reco8nised wl)cn the cliarily lia5 enliileinenl to Ilie iiicoine. it is probable t11 il)e incoine will be r¢c¢iYed and tlie aniount Can be measured witli sutricient reliability. Donations (lndlegueies Donaiions and legacies are recognised on a receivable basis when receipt 1$ probable and th¢ amount can be reliably measured. Grdnts r*ceivabl¢ Grants are recogni5ed when tlie charily lias an entitlement lo tlie funds and any condilions linked lo the grants Ive been Inet. Wliere perforinance conditions ar¢ aii¢i¢lied lo Ili¢ grant and ar¢ yet lo be met, the income is Tecognised as a liability and in¢lud¢d on the balan¢¢ sheel as d¢f¢rr¢d incoine to be released. Jnve&trnenl incon InteTe5t on fijnds held on deposit is inclllded ivhen receivable and Il)e amount can be m¢asured reliably by the charity: this is nornially upon notification of the interest p2id or payable by the bank.Divid¢n(L5 are 0815¢d on¢¢ the dividcnd has iKcn dcclarcd and notification lias becn received of tlic dividcnd due. Expendithre All elpenditure is recognised once tliere is B legal or conslnKtive obligation to that expenditure, it is probable seltleillent is required and the amount can be measured reliably. All costs lire allocated io the applicable expendiluTe heading t]t aggregate similar costs lo that category. Wliere costs cannot be direcily attributed to particular lieadings they have been all(Kaied on a basis consislent Hryth the use of resources, with centrai siaff 5ts allocated on the basis of time Sn( and depreciation cliarges allocated on the portion of the asset's Use. Other support LX)sts are allocated based on (l)e spread of staff costs. Page 8
St Columba's - Poltalloch Notes lo the Financial Statements for the Year Ended 30 September 2025 (continued) Choritqble aetiwities Charitable expenditure comprises those cost5 incurred by the cliarity in tlie delivery of its acttvilies and seryice5 for its beneficiaries. li includes both cost5 that can be allocated directly to such activities and those cosis of an ind]rt nature n¢¢¢ssary to 5UPPOrt tliein. Support ¢ost$ Support costs include central functions and have been allocated io activity ¢OSt Gaicgories on a basis consistenl Ivith ihc use of Te50urces, for example, 8IIoc81ing property cosis by floor areas, or per capita, staff cos15 by the time spent and otlier costs by their usage. Goyerninee eosts These include ilie costs attributable to the c]rIty,S complian¢e willi constitution81 and siatuiory requirement& including audiL straiegic manageillent and irustees m¢eling5 and reimbursed eXn5¢S. Taxatlon The charity is considered lo pass the lesis sct out in Paragrnph I Scliedule 6 of Ilie Finan Act 2010 at IheTefor¢ il In¢e15 Ilie definition of a cliariiable coinpany lor UK corporation lax pUrSeS. Accordingly. the ¢IrIty is polenlially exeiiipi froin iaxalion in respect of incoine or capital gains received within calegorics covered by Cliapler 3 Part I l of the Corporation Tax Aci 2010 or Seciion 256 of the Taxation of Chargeable Gal Act 1992. to the extenl t11 such income or 8ains are applied exclusively to charitable purposes. Fixed asset investments Fixed asset invesiin¢nw oih¢r than programme relaied invesimenw are included at cost price at tlie balance slieet dale. R¢alised gains and loss¢s on invesimcnis are calculated as ihe diifcrence between sales Proceeds and their cost price at (l)c sian of ih¢ year, or It]r subsequent cost. and are charged or credited io ihe Siateinent of Financiai Acliviiies in il)e period of disposal. Ca¥h cush equivalents Cash and cash equii'alenis comprise cash on hand and c811 deposits, and other short-temi highly liquid investments il)al are readily ¢onv¢rtible to a known amouni of Casli and are subject lo an insignificant risk of hang¢ in value. Fund structure Unrestricied incom¢ funds are general funds that are available for use ai the trustees discretion in further8rt of Ihe objectives of th¢ ¢lwrity. D¢signated funds are uiireslrictl funds sel aside for specific purposes al the discretion of the trustees. R¢5tricled inconie funds are those donated for use in a particular area or foi specific purposes. th¢ us¢ of which is restricted to that area or purpose. Page 9
St Columba's- Poltalloeh Notes to the Financial Statements for the Yerdr Ended 30 September 2025 (continued) Financial inslruments CIu&fifie#tio Financi2] asseis and financial liabiliti are recognised wh¢n the charity t¢coines a party to the contraclual provisions ol tlie instrument. Financial liabilities and eouity instruments are classified aordIng to the substan¢¢ of the contractua] arrangements entered inio. An equity instrwnent is any wniract that evidences a residual interest in tlie assets of the Charity after deduaing all of its liabilities. Recognilion andmeasuremffit All financial assets and liabilities are initially m¢asured ai iransaction pric¢ {including transgciion costs). exc for those financial assets classified as at fair value throug]i PTofit or los4 wliicli dre initially ineasured at fair value (wl)ich is nonnally the Iransacuon price excluding iraiisaciion costs), unless ilie arrangement constitutes a finan¢ing iransaction. If an arrangllent conslilui¢S a financing transactsotL tlie findncial assei or financial liability is mcasured at tlie present value of the future payinenls discounted at a market ra of ini¢r¢51 for a similar (kbi instrument. Financial asscts and liabilities are only offset in ilie staieinent of financial position when, and only when there exists a Icgally enfoi¢eable right to set off (he recogni5ed ainounts and ili¢ charily inlends eiilicr to settlc on a nei basis. or 19 realise ilie asset and xtile the liability simultaneously. Financia] asset5 11¢ d¢recognised wlien and only wlien al Ilie conlra¢luai rigl)ts io ihe ush flows from the financia] asscl cxpire or arc seiiled, b) il)e charity transfers to anoih¢r pany substanlially all of Ihc risks and rewards of own¢rsliip of the financial asset, or c) the cl)arity, despite liaving relained some, but not all, Si8nificant risks and rewards Of ownership, Ilas tiansferred ¢ontrol of the asset to anoth¢r party. Financial liabiliti are delo8n1Sed only wlien Ihe c4)li8ation Splfied in Ilie contract is dIharged. cancelled or expires. Fdlr volue measurement Thc b¢st evidence of fair value is a quoied pri¢¢ for an idciiticaj asset in an active Inarkel. When quoted prices are unavailablq the pricc of a recent transaction for an idenliL7] 2ssel provides ¢vidence of fair value s long as the not be¢n a significant change in economic circuinslan¢es or a significani lapse of tiii)e since the transiction took place. If thc markcl is not aciive and reccnl Iransa¢tions of an iden11c assel on their own are a good estim81¢ of fair val, the fairvalue is ¢stinled by using a valuaiion teclinique. 2 Income fnim donotlons and legacie5 Unre$¢ri¢teil funds General Reytrlcted funds Donations and lega¢ies' Donatio5 from individua]s Gift aid reclaimed 4,998 1,243 388 5,386 1.243 Total for 2025 388 Tot*1 for 2024 6.148 3,762 9,910 Page 10
St Columba'8 - Poltalloch Notes to the Financial Statements for the Year Ended 30 Septetnber 2025 (continued) 3 Income from charitable activltles Total 2025 Unrestricted funds General Total funds Wedth'ng 500 500 TotAI for 2025 500 500 4 Investment income Endowment funds Exi)endable Unrestrlc¢ed funds De$ignAttd General Total nd8 Inwme from dividends. Dividends receivable from other listed invesiments 1,362 2.860 5,346 Totul for 202S 1.362 1,124 2,860 Total for 2024 7,903 5 Expendlture on chlritable actlvltles Endowment fundi Expendable Unrestrlcted funds De$ign#led General Re$trlcted funds Note A[18(¢d support sls Governance costs 2,592 9,253 266 992 4,560 Total for 2025 992 4.560 TotAI for 2024 29,925 13,834 3,762 4,550 Total fundg Note locai¢d support costs Governance costs 17,397 266 Total for 2025 Total for 2024 52.071 Pagell
St Columba's - Poltalloch Notes to the Financial Statements for the Year Ended 30 September 2025 (continued) 6 Analysis of governance aDd 5UPPOrt costs GovernAnce co$¢$ Unrestricted fund5 General Total fund$ Allocated suppx)n costs 266 266 Tol41 for 2025 266 266 ToÈ41 for 2024 266 266 7 Trns¢ees remuneration and expenses No Iruslc¢& nor any persons Wn¢(¢d will) thenL have received any remuneration from the charity durin8 the year. No trnst¢es have received any reimbursed exnSeS or any otlier benefit$ from ilie charity during ih¢ ar. Page 12
St Columba's - Poltalloch Notes to the Financial St¥dtements for the Year Ended 30 September 2025 (continued) 8 Taxatiott The ¢lJarity is a regisl¢r¢d Charity and is il)erefore exempt from iaxaiion. 9 Fixed as8e¢ Inveytments 2025 2024 Other investrn¢nts 109,290 115.018 Other Inves¢ment8 Llsted inve$tments Total Cosl or V&luition At l O¢iober 2024 Addiiions Disposals 115.019 22,136 27,874 115,019 22,136 At 30 Seplember 2025 Provl8ion for impalrment Eliminated on disposal At 30 September 2025 Net bk value 109 281 109 281 9) (91 At 30 Sepieinber 2025 At 30 Seplemt¢r 2024 109 290 115,019 115.019 10 Debtor5 2025 2024 Trade debiors 986 909 11 Cash and CAJh ¢quivalents 2025 2024 Cash ai bank 3,991 5.513 Page 13
St Columba's - Poltalloch Notes to the FinanciAI Statements for the Year Ended 30 September 2025 (continued) 12 Fuody Balance At 30 S¢ptemb¢r 2025 Balance at I October 2024 Other Resources recogni5ed expended gainsl(Ios8e8) Incoming resourceg Unrestricted funds General 26.552 7,865 (9,5191 2,592 24,898 Designated 29.992 Totthl unrestrlcted funds 56.544 9,227 l2,1111 Restritled funds 1,380 992) 388 Kndowment lunds pernianI 62,983 62.985 Expendable 212 To¢al endowment funds Total fundi 121441 13 467 17 663) 2.978 114267 Balanee fit 30 Sei)ternber 2024 Bulllnce Mt I October 2023 Incomin re¥our¢es Rc¥ourccs ¢xi)ende Unreytricted funds General 32,608 7,777 113,834) 26,551 Designal Total unrestrlctcd funds 89.293 43,759 Restrlcted fund$ 3,762 3.762 Endowment funds PernnertI 62,985 2.870 62,985 Expendable 14,550 1,912 Total endowment fund$ 65.835 3,592 14,550) 64,897 Total funds 155,148 18,363 152.071 121.440 Page 14
St Columba's- Polialloch Notes to the Financial Statements for the Year Ended 30 September 2025 (Continued) 13 Analysis of net assets be¢weeD funds Unrestricted funds General Designated Restricted funds Endowment funds Pemanent Expeodable Fixed assei investments Current assets 20,J21 3,391 25,784 62,985 388 212 Total net assets 23.912 25,784 388 212 Total fund8 4¢ 30 September 2025 Fixed asset investments CunEnt as%ls 109.25X) Tothl assets 113 281 Total funils t30 September 2024 Unrestricted General Dcslgnated Endowment funds Permanent Exi)end2ble Fixed asset investinents Current assets 22,041 29,992 62,985 115,018 Tolal net assels 26,551 29.992 62.985 121440 Page 15