REGISTERED CHARITh NUMBER: SC038145
Re
ort of Ihe Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Thurso and North Coast Free ChurGh
Mackay & Co CA
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

Thurso and North Coast Free Church
Contents of the Financial Statements
for the Year Ended 31 December 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activilies
BalanGe Sheet
Notes to the Financial Statemenls
8 to 12
Detailed Statement of Financial Activities
13 to 14

Thurso and North Coast Free Church
Re
ort of the Trustees
for the Year Ended 31 December 2024
The Irustees present their report with the financial statements of the charity for the year ended
31 December 2024. The trustees have adopted the provisions of Accounting 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
IFRS 1021 (effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
Aims and Affiliation
The Free Church of Scotland currently has around 140 congragations in Scolland, as well as three
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 tille to its historical
struggle to remain 'free' from slate interference in its inlernal affairs. It has close and active
relations with many other Reformed Churches of Jesus Christ throughout the world and stands
firmly in Ihe tradition which accepts the Bible in its entirety as the Word of God and. therefore,
defives 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 salvation through
Jesus Christ alone.
Thurso and North Coast Free Church of Scotland is a congregation of the national Free Church of
Scotland working towards the common aims set out above. 11 is a Presbyterian church adhering in
its worship and doctrine to the position of the Church of Scotland at the Reformation. The Free
Church of SGotland has an explanatory document which explains the origins of the Church and
which gives the historical background to thè Church.
The Church buildings and the Ministevs Manse are the property of the congregation and are held
under the Church's model trust deed.
The government of the Free Church of Scotland is Presbyterian and the congregation is within the
Northern Presbyiery.
Grantmaklng
The church makes grants from its tithed gift income to individuals and organisations that are
generally know to the Trustees and the church. The beneficiaries are involved in activilies or
ministries compatible with the church's objectivies.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Church met regularly for worship in the church building and on-line.
The congregation continued its commilment to support the national Free Church of Scotland both
spiritually and financially.
Congregational activities included..
community based organisations making use of Ihe church hall.
Congregational funding and expendilure included..
donations from church members and attendees via weekly offerings and bank direct debit.
improvements and repairs to church building and manse.,
Page 1

Thurso and North Coasl Free Church
Re
ort of the Trustees
for the Year Ended 31 December 2024
FINANCIAL REVIEW
Princlpal funding sources
The Ghurch receiv6S Its funding from Ghurch members by way of weekly offerings and Gift Aid
donations.
Results for the year:
The Statement of Financial Activities reflects a deficit of £30,419 (2023 - Surplus of £3,127). This
was mainly due to the roof repair costing £31,152 which was financed by transferring from funds
held cenlrally.
Invèstments
Share Pool UnTts, Free Church of Scotland Units
Value
31.12.24
Value
31.12.23
Congregational Endowments
Sustentation Endowments
Ministers Supplements
2,197.00
7,771.00
149.45
12.641
44.715
860
11,139
39.399
757
Funds held as cash, Free Church of Scotland - balance at 31.12.24 - £154,618.64
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitute an
unincorporated charily.
Thurso and North Coast Free Church of Scotland (formerfy know as Thurso and Reay Free
Church) is established by Constitution.
The Church is a Scottish Charily (No. SC0381451.
The Church's parent charity is the Free Church of Scotland (Charity No. SC0129251.
Recruitment and appointment of new trustees
The Kirk Session exercises its discretion in determining the most appropriate method of electing
new Trustees.
Any electiors process must involve the communicant membership of the
congregalion. There is no fixad term of Trusteeship. Prior to their appointmenl, new Trustees
would have served for some time in various roles and would be familiar with the church's values, its
aims and objectives as well as its day-to-day operalions.
Page 2

Thurso and North Coast Free Church
Re
ort of Ihe Trustees
for the Year Ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Trustees and Office Bearers
The Church is Presbyterian in government and its day-to-day running is undertaken by the Elders
(the Kirk Session) and Finance committee. The Finance Committee's specific function relates ot
the material and financial business of the congregalion, whereas Elders are charged with Ihe
general and spiritual oversight of the Congregalions.
The finance Comrnittee was disbanded and has been replaced by a D6acons' Court. The
Deacon5' Court comprises..
Risk management
The trustees have a duty to idenlify and review the risks to which the charity is exposed and to
ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
SC038145
Independent Examiner
Mackay & Co CA
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB
Page 3

Thur50 and North Coast Free Church
Re
ort of Ihe Trustees
for the Year Ended 31 December 2024
TANGIBLE FIXED ASSETS
North Coast Church
Thurso Free Church
Thurso Manse
£515,000
£312,000
£138 000
£965 000
Approved by order of Ihe board of trustees on 26 March 2025 and signed on its behalf by-
Trustee
Page 4

Inde
endent Examiner's Re
ort to the Trustees of
Thurso and North Coast Free Church
I report on Ihe accounts for the year ended 31 December 2024 set out on pages six to twelve.
Respective responsibilities of trustees and examiner
The charity's Irustees are responsible for the preparalion of the accounts in accordance with the
terms of the Charities and Trustee Investment {Scotland) Act 2005 and the Charities AcGounts
(Scotlandl Regulations 2006 (as amended). The charity's trustees consider that the audit
requirement of Regulation 10(1}{al to Ic) of the Accounts Regulation5 does not apply. 11 is my
responsibility to examine the accounts as required under Section 44111{c) of the Act and to state
whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts
{SGotlandl Regulalions 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 ilems or disclosures in the accounts, and seeking explanations from
you as trustees concerning any such matters. The procedures undertaken do nol provide all the
evidence that would be required in an audit, and consequenlly I do not expr8ss 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 8ttenlion -.
(1 } which gives me reasonable cause to believe that, in any material respect, the requirements
lo keep accounting records in accordance with Section 4411lla) of the 2005 AGt and
Regulation 4 of the 2006 AcGounts Regulations. and
to prepare accounts which acwrd with the accounting records and to comply with Regulation
8 of the 2006 Accounls 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 to be reached.
Mackay & Co CA
Unit 8
Golspie Business Park
Golspie
Sutherland
KW106UB
26 March 2025
Page 5

Thurso and North Coast Frae Church
Statement of Financial Activities
for the Year Ended 31 December 2024
31.12.24
Total
funds
31.12.23
Totsl
funds
Unreslricted Restricted
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
65,055
65,055
81,709
Inveslment incom8
779
6,104
6.883
5.906
Total
65,834
6,104
71,938
87,615
EXPENDITURE ON
Charitable activities
Church
Fabric
101,447
101,447
910
79,285
5,203
910
Total
101,447
910
102,357
84,488
NET INCOMEI{EXPENDITUREI
Transfers between funds
135,613)
47,814
5,194
(47,814}
(30,4191
3,127
Net movernent in funds
12.201
(42,620)
(30,419)
3,127
RECONCILIATION OF FUNDS
Total funds brought forward
36,240
199,853
236,093
232,966
TOTAL FUNDS CARRIED FORWARD
48,441
157,233
205,674
236,093
The notes form part of these financial stalements
Page 6

Thurso and North Coast Free Church
Balance Sheet
31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted Restricted
fund
funds
Notes
CURRENT ASSETS
Debtors
Cash at bank
893
47,848
893
205,081
157,233
236,093
48,741
157,233
205,974
236,093
CREDITORS
Amounts falling due within one year
(3001
(300)
NET CURRENT ASSETS
48,441
157,233
205,674
236,093
TOTAL ASSETS LESS CURRENT
LIABILITIES
48,441
157.233
205,674
236,093
NET ASSETS
48,441
157,233
205,674
236,093
FUNDS
Unrestricted funds
Restricted funds
48,441
157,233
36,240
199,853
TOTAL FUNDS
205,674
236,093
The financial statemenls were approved by the Board of Trustees and authorised for issue on
26 March 2025 and were signed on its behalf by:
Trustee
The notes fomi part of these financial statements
Page 7

Thurso and North Coast Free Church
Notes to the Financial Statements
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial slalements of the charily, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 1021 'AGcounting 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 (Scotland) Act 2005. The financial statements have been
prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities 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
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committin9 the charity to thal 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 aggregale all cost related to the category. Where costs cannot be directly attributed lo
pariicular headings they have been alloGated to activities on a basis consistent wilh the use
of resources.
Taxation
The Gharity is exempt from tax on its charitable activities.
Fund accounting
Unrestricled funds can be used in accordance with the charilable objectives at the discretion
of the trustees.
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
continued..

Thurso and North Coast Free Church
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
INVESTMENT INCOME
31.12.24
31.12.23
Deposit Interest
6,883
5.906
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees. remuneration or other benefits for th8 year
31 December 2024 nor for the year ended 31 December 2023.
ended
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
fund
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
80,799
910
81,709
Investment income
5,906
5,906
Total
86,705
910
87,615
EXPENDITURE ON
Charitable activities
Church
Fabric
79,285
5.203
79,285
5,203
Total
84,488
84,488
NET INCOME
Transfers between funds
2,217
19,216
910
(19,216)
3,127
Net movement in funds
21,433
(18.3061
3,127
RECONCILIATION OF FUNDS
Total funds brought forward
14,807
218,159
232,966
TOTAL FUNDS CARRIED
FORWARD
36,240
199,853
236,093
Page 9
continued...

Thurso and North Coast Free Church
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Other debtors
893
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
other creditors
300
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12.24
At1.1.24
Unrestricted funds
General fund
36,240
{35,613)
47,814
48,441
Restricted funds
Central funds
Fabri
196,328
3,525
6,304
(910}
147,814)
154,618
2.615
199,853
5,194
(47,814)
157,233
TOTAL FUNDS
236,093
{30,419}
205,674
Net movement in funds, included in the abova are as follows:
Incorning Resources Movement
resources
expended
in funds
Unreslricted funds
General fund
65,834
{101,4471
(35,613)
Restricted funds
Central funds
Fabric
6,104
6,104
(910)
19101
6,104
{910)
5,194
TOTAL FUNDS
71,938
(102,3571
(30,419)
Page 10
ontinued.

Thurso and North Coast Free Church
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
belween
funds
At
31.12.23
At 1.1.23
Unrestricted funds
General fund
14,807
2,217
19,216
36.240
Restricted funds
Central funds
Fabric
215,544
2,615
(19,216)
196,328
3,525
910
218,159
910
(19,216)
199,853
TOTAL FUNDS
232,966
3,127
236,093
Comparative net movement in funds, included in the above are as follows=
Incoming Resources Movem8nt
resources
expended
in funds
Unrestricted funds
General fund
86,705
(84,488)
2,217
Restricted funds
Fabric
910
910
TOTAL FUNDS
87,615
(84,488)
3,127
A current year 12 months and prior year 12 months combined position is as follows=
Net
Transfers
movement
between
in funds
funds
At
31.12.24
At1.1.23
Unrestricted funds
General fund
14,807
(33,3961
67,030
48,441
Restricted funds
Central funds
Fabric
215,544
2,615
6,104
{67,030)
154,618
2,615
218,159
6,104
{67,030}
157.233
TOTAL FUNDS
232,966
(27,292)
205,674
Pag811
continued.

Thurso and North Coast Free Church
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds,
included in the above are as follows..
Incorning Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
152.539
(185,9351 (33,3961
Restricted funds
Central funds
Fabric
6,104
910
6.104
{910}
7.014
{910)
6,104
TOTAL FUNDS
159,553
(186,845)
(27,292)
RELATED PARTY DISCLOSURES
No trustee, other than
received any renumeration or reimbursement of
expenses during the year
o trustee or a person related lo a trustee had any
personal interest in any contract or transaction entered into by the charity during the year.
Page 12

Thurso and North Coast Free Church
Detsiled Slatement of Financial Artivities
for the Year Ended 31 December 2024
31.12.24
31.12.23
INCOME AND ENDOWMENTS
Donations and legacies
Offerings
Tax recd Gift Aid Donations
Donations
Building Fund donations
Magazines
Other receipts
Investment Incom8
54,319
4,481
1,775
44,034
5,136
25.406
1,176
72
4,570
1.315
87
4,085
308
65,055
81,709
Investment income
Deposit Interest
6,883
5,906
Total incoming resources
71,938
87,615
EXPENDITURE
Charitable activities
Ministry and admin levies
Presbytery dues
Minister's expenses
Supply & communion exps
Fire precautions
Fabric repairs & maintenance
Zoom licences
Digital piano
Audio & video equipment
Magazines & Bible study books
CCLI
32,597
1,126
3,054
461
1,515
48,374
187
33,920
523
960
463
720
9,986
88
874
23,744
98
259
150
740
271
248
Honorarium
Donations
Website
722
1,240
89,795
72,523
Support costs
Management
Water rates North Coast Church
Insurance
Light and heat
Carried foNard
82
1,821
6,158
8,061
25
2,178
5,931
8,134
This page does not form part of the statulory financial statements
Page 13

Thurso and North Coast Free Church
Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
31.12.24
31.12.23
Management
Brought forward
Internet charges
Manse council tax
Sundries
8,061
229
3,433
389
8,134
270
3,334
227
12,112
11,965
Governance costs
Prior year accounts
Accountancy and legal fees
150
300
450
Total resources expended
102,357
84,488
Net lexpenditure)lincome
(30,419)
3,127
This page does not fomi part of the statutory financial statements
Page 14