REGISTERED CHARITY NUMBER.. SC033414
of Ihe Trustees and
Unaudited Financial State￿nIs lor tt* Penod 1 Janua
2024 10 31 Mcirch 2025
Freedom Challe
e Trust
M Squared Accounlants
Bank House
Sp.afortl) £treet
kiaserbuigh
Abeideensl)Iie
AB43 988

Freèdom Challen
e Trust
Contents ol Ihe Financial Statements
for Ilie PeiiLKI 1 Januai
2024 10 31 March 2025
Page
Report of the Truslees
Independent Examiner's Report
Stalpmenl of Financial ActNilies
Balance Sheet
Notes lo Ihe Financial Statements
6 10 10
Detailed Slalement of Financial Aiaivities

Freedom Chiilleii
e Trust
rt of the Trustees
for the PerKxI 1 Janua
2024 to 31 Mriich 2025
The truste88 present Iheir report vthh the finanual s181ements of the Lharrty foi the perioil
1 January 2024 10 31 Maich 2025. The trustee5 have ai)pled the piovisions of AccounlirMJ iiiid
R8POrtirKJ by Charrt￿. Slatement of Recommended Practice applicable lo charrttes preparing their
accounts In acc(xdance wth the Financial Reponing sta￿lard applicable in Ihe UK and RepubliL
of Ifeland (FRS 102> (vllt•Llive 1 Jaiiuwy 20191.
OBJECTIVES AND ACTIVITIES
Signlllcanl actfvltles
DurirvJ the past year the Irusl has conlinued to hold Prop￿Tty and assets of the charrty
ACHIEVEMENTS AND PERFORMANCE
Charitable activilies
Our purpose, as recorded in or Iiust deed. Is to ielKrye the sullering aThJ dislress of the people who
have a lrfe controllirNJ problem. by Ihe provisw)n of surtable tac.llrt￿s where they can overcoiT
these problems and hav& posrtNe chd￿e of Iifpstyle th1ol￿h %iippDrt of a pii)gram h3sed nri
Christian piiiiciples atKI any other such charilable puiposes as shall lurlhei Ihe atlainmerrt of tho
abuve.
STRUCTURE. GOVERNANCE AND IAANAGEMENT
Gov•rning documonl
The chaiily Is conlroll8d by rts governing d[￿un￿nI. a deed of tfusl and L()iislilutes aTI
unincorporated chaflty
REFERENCE AND ADPJINISTRATIVE DETAILS
R•gisteied Charity nurnb•r
SC03J414
Prlncipal addrn8•
Sunnybrae
Wo(Klhead
Fyvie
Turrrff
Aberdeenshire
AB53 8LS
Indopendpiil F M.'iiniiio. I
M Squared Accountanls
Bank Hwse
Sèafortki Slreat
Fraserburgh
Abefdeenshilo
AB43 9BB
Pag8 1

Free(Joni Challen
e Trust
F48 orl of Trus18
foi Ihe Peri(Kl 1 Jaiiua
2024 10 31 Maich 2025
Approved by order of l)oard of trust883 on .
half bv
/1
8nd signed on its
Page 2

I￿È
endL)nl Exaiiiinei's Re
(Kii Challen
e Trust
to the Trustees of
I report on Ihe accounls for the penod 1 January 2024 to 31 March 2025 set out on p&Jes lour lo
ten
Resp•ctiv• rnsponslblllties ol trustees and oxamlner
The charity's tfustees are iesKK)n51bk for t1￿ prepaiatinii nf ￿.oljn18 In accordance wrth Ihp
terms of Il* CharrtM3s Trustee Investmenl {ScotlarKI) Acl 2005 and Ihe C.harilies AGI:()iJr)ts
{ScotlaThJ) Regulalions 20CE (as amended) The chairty's li￿teeS considei that Ihe aijdil
Tequiiemeiil ol F<eguldl￿n IU{1)lal to (c> ol the ALcoLJnts Requlations does not apply 11 Is riiy
resFK)rBibilrty lo examine IIE accounls as fequired undef sec1K￿ 44(1)(cl of the A￿ and lo slatp
whelhei P<lrticular maltpfs have come to my attention.
Basis of the indepftndenl ex*nlner's report
examination was carried oul in accordan￿ ¥Mth Rpgiil.I1iDn 11 of the Charrt￿9 Account5
{ScollarKI) Requlations 20(￿ An examination Includes a ieview of the accoiinting rpcofd.8 kp.pi bv
charrty ark1 3 c.(Knpanson ol ItE accounts Pfesented wrth thos(> fecords 11 also includes
CDnsKlefation ol any unusual rtems or disr.losures In the accounts. arKI seekiryJ explar)ations from
you as tiuslees concernirvJ any such matters The wocedures iindertaken do nnt provide all Ihe
8vidoncE thal would be reqLJired In an audrt. aTrJ consequently I do noi expres8 an aiidil opinion on
v￿W given by the accounlb.
Ind•pondent •xamin•r'• •tstem•nl
In conn£￿tIOn wrth my examination. no matter h88 coffle lo my atlention .'
{1 > wh+ch gives rne reasonable causo to L*l￿Ve that, In any material reS￿rI. It￿ r8qciirempnts
to keep accounting records In aCcord￿c￿ with Section 44(1){a) of th8 2005 A￿ and
Regijlation 4 01 the 20C6 Accounls R&3iiIat￿nS. awKJ
to prepaie accA)unts which accord ￿th acc(XJnting records 8nd to comply with Regulalioii
8 uf the 2006 Accwnts Regulat￿nS
have not been met" 01
<2) lo which. in my opinion. attenlion 5hcMJld ￿ dra￿ in order to enable a proper understanding
of the accounts lo ￿ reached.
M Squared Accounlants
Bank House
Seaforth Slreet
Fiaserburgh
Aberdeenshire
AB43 9BB
Date.
Page 3

Fieèdom Challer)
e Trust
Statement of Financial Aclivilies
for Ihe Period 1 Janua
2024 to 31 March 2025
1.124
Year Ended
31.12 23
Tolal
l￿d5
31325
T￿81
lunds
UnrestiKled
lund
ReSIr￿ed
lund
Notes
INCOME AND ENDOWMENTS FROM
Donalion5 aiKI legacie5
9.715
9.715
363
Investment income
84.383
84,383
89,750
Total
94.098
94.098
90,113
EXPENDITURE ON
R¢bising furKIs
4,947
Charitable activities
8enaiah
46.822
46,822
28,226
Total
46.822
46,822
33,173
NET INCOME
47.276
47,276
56.940
RECONCILIATION OF FUNOS
Tolal fLJnds brought forward
1.453,203
1.453,203 1.396,263
TOTAL FUNDS CARRIED FORWARD
1.500.479
1.500.479 1,453,203
The notes form part of these financial slatements
Page 4

31.325
31.1223.
FIXED
1,17r.506 1.179ffk5
CURREMT A88CTS
08.620
2J7JCO
94.240
323.926 274,508
¢RetyTORJ
(1.0121
i {1,ts101
IIEf CURREN7 A8iET3
.Q14
222,914 273,578
TOT AL A3SEf3 LESS CURIIEIIT
1.5CN).479
1,500,470 1,45J2QJ
1,X#),479, .
1.5r4,479 1.45J.20J
VUND•
IJC4)A79 I.4￿203.. """
Tor￿ FUMD8
I.JW479 1.4SJ20J' .

Freedom Challen
e TFUSt
Notes to the Financial Stalement5
foi the Peri(Kl 1 Januai
2024 10 31 March 2
ACCOUNTING POLICIES
Ba3is of preparSng the financlal ststements
The financial slalempnt8 of the chanty. which is a public ￿nefIt entity utKJef FRS 102. have
bpe.n prepared in accofdance wrth Ihe Charrties SORP (FRS 102) 'Accounting and Reporting
by Charities.. Staternenl of Recommended Praclice applicable lo charrties preparing their
accoijnts In accordance wrth the Financial Reporting Standard applicable In the UK and
Republic ol Ireland (F=RS 102> leffeclive l Januaiy 2019).. Financial Reporting Standard 102
'The Financial Reporting Starmdard applicable In the UK and Republic of Ireland. and the
Charities arKI Trustee InveBlment {Scotland) Acl 2005 The financial statemenls have been
prepared V￿le[ the historical cosl convenlion
Income
All Ilicon￿ is fecognBed In the Statement of Financial Activrt￿S once the charrty has
entitlem8nl to the turKls, it is probable Ihat the Income will be received and the amount can
be measured reliably.
Expondlture
Liabililip% i?re recognised as experKliture as soon as there is a legal or construdNe obligation
committitvJ the charrty to that expeThJrture. il Is p¥obable Ihat a transfer of economic benefrts
will be iequired in settlement and tho amount of the oblMJation can be measufed reliably
Expenditure Is accounted lor on an accrua15 basis and has been classified under headiThJs
thal aggipgate all cost related lo the category Where costs cannol be directly attributed lo
parlicular hea(Iings Ihey have been allocated lo aclivilies on a basis consislent wilh the usa
of resources.
Tangible fixed assets
r)E)PIPC.ii?Iion Is provFdtYl at ttrE following annual lates In ordef lo varte off each asset over Its
estitndted useful life.
Motor vehicles
25°h on reduciro balan
Taxation
rhe charity Is exempl fwom tax on rfs charitable activi1￿5
Fund accounting
Uniestiicled funds can b8 us8d In accordan￿ wth the charrtable obiectives at the discretion
of the truslee.s
Restricted funds can only be used for particular restncted purposes wrthin the obpcts of the
charity. Reslriclion5 arise when 5￿Cir￿ by the donor or when funds are raised for
pailiculaf resliicted purposes.
Further explanalion of the nature and putpose of each fund Is Incl￿e￿ In thft ￿te5 to the
financial statements.
Page 6
continued ..

Freedom Challen
e Trust
Notes to the Financial Statements - continued
for the Pefl(xJ l Janua
2024 10 31 March 2025
INVESTMENT INCOME
Peri(xl
1 1 24
Year Ended
31 1223
313.25
Rents receNed
Bank inteiesl
80,313
4.070
89,750
84.383
TRUSTEES. REMUNERATION AND BENEFITS
T￿re were no trustees, remunefation or other benefrts for the pericKI ended 31 March 2025
nor fof the year erMJed 31 December 2023
TrusteeB' oxpen80s
There were no Irtsslees. expenses paKJ for the pe¥i(MJ ended 31 March 2025 nor for the yeai
e￿Ied 31 December 202J
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
unlestr￿ed
lund
Reslncled
lund
Total
lurids
INCOl4lE AND ENDOWPAENTS FROM
Donations and legacies
363
363
Investm8nt Income
89,750
89,750
Total
90.113
90.113
EXPENDITURE ON
RaisiThJ funds
4.947
4,947
Charltable activitles
Benaiah
28.226
28,226
Total
33.173
33,173
NET INCOhlE
Transfors between funds
56.940
244,199
56,940
(244 199)
Net movernent in funds
301.139
(244,199)
56,940
RECONCILIATION OF FUNDS
Tolal funds brought forward
1.152,t
244.199
1.3￿),263
Page 7
cuiitiiiued

Freedom Challen￿e Trusl
Notes to the Financtal Statements - continufftl
for Ihe Peii(Kl l Jariijar 2024 10 31 March 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
unle.str￿1￿d
Iiii)d
14e%ltiaed
luiid
To131
hJiids
TOTAL FUNDS CARRIED
FORWARD
1.453.203
1.453,203
TANGIBLE FIXED ASSETS
Free￿Id
pfrwerty
Molor
vr*hideB
T()tals
COST
At 1 January 2024
Ad￿rt￿nS
1.125.171
14.956
126.751
1,251,922
14.956
Al 31 March 2025
1.140.127
126,751
1.266.878
DEPRECIATION
At 1 January 2024
Charge for year
72,297
17.016
72,297
17,016
At 31 March 2025
89,313
89,313
NET BOOK VALUE
Al J1 Maich 2025
1.140.127
37,438 1,177,565
Al 31 D￿mber 2023
1 125.171
54,454
1,179,625
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31 3.25
31 12.23
Olher debtors
86,620
94,240
Page 8
continued...

Freedom Challen
e Trust
Notes to the Financial Statements - contin(￿1
for Ihe Peri￿￿ 1 Janua
2024 10 31 March 2025
CREDITORS: APAOUNTS FALLING DUE WITH114 ONE YEAR
31.3.25
31 1223
Other creditOTS
1.012
1.010
MOVEMENT IN FUNDS
Ne.1
nmwewnenl
Al
A11 1 24
iii kin(15
Unrostrlcted funds
General furKI
1.453,203
47.276
1,500,479
TOTAL FUNDS
1.453.203
47,276
1.500,479
Net movement In furmjs Included In Ihe above are as follows.
Iric.oniin9
ies(wries
expLJnded
Unrestrictèd lunds
Geneial fuTKI
94.098
(46,822)
47,276
TOTAL FUNDS
94,098
(46.822)
47,276
Comparatives for movement In funds
Nel
m(Nemenl
ifi liind
TianslerB
belween
lijrxls
Al
31.12.2J
Unrestrlcled funds
General fund
1.152.
56,940
244.199
1,453,203
Restricted funds
Buy Benaiah
244.199
(244,199)
TOTAL FUNDS
1.3￿.2.63
56,940
1.453.203
Page 9
continued.

Freedom Challen
e Trusl
Notes to the Financial Slatement5 - continued
IOT the Peri(KJ 1 Jciiiuai
2024 10 31 Maicl) 2025
MOVEMENT IN FUNDS - contfjnued
Comparative net movemenl In fund5, included in Ihe above are as follows.
Incoming
r(bsourrE&
Resources
e¥w.Thled
)vemenl
In funds
Unrestrlctod funds
Jeneral fund
90,113
(33,173)
56,940
TOTAL FUNDS
90.113
{.33.173)
56.940
RELATED PARTY DISCLOSURES
Theie related party transactions fcv Ihe ￿[lOd ended 31 March 2025.
Page 10

Fieedom Challen
e Trust
Detailed Statemenl of Financial Act￿rt￿S
for the Peri(Kl l Januai
2024 to 31 March 2025
Perifxl
1.1.24
L.(Ll-
lo
31.3.25
31.1222
INCOME AND ENDOWMENTS
Donatlons and legacie8
Donations
9,715
363
Invosknent income
Rents re￿ived
Bank 1ntere.sl
80,313
4.070
89,750
84.383
89,750
Total incomlng r•8ourc•s
94.098
90,113
EXPENDITURE
Ralslng donatlons and legacles
Fundraising costs
2,571
Other trading activltles
Bad debts
2,376
Charltable acllvltles
s￿￿1r1e5
Donations
Depreciation of langible fixed assels
Loss on sale of langible fixed assels
2.937
22.541
17.016
1,101
5,594
1.412
42.494
26,258
Support costs
Flnance
Bank charges
270
216
Inlorniation technology
Repairs and ienewals
97
Other
Insurance
585
Governance costs
Accountancy and legal lees
3,954
1,070
ThB page does nol form part of the stalutory financial slatemenls
Page11

Fieedom Challen
e Trust
Detail￿1 Slalement of Financial ActNIti8s
foi Ihe Peri(Kl 1 Jaiiua
2U24 to 31 March 2025
Petl(Kl
1 1.24
L ricLL'LI
31.12.23
31.325
Total resoiirc83 expended
46,822
33,173
Not income
47,276
56,940
This page does nol f(Km part of the statutory financial statements
Page 12