REGISTERED CHARITY NUMBER: SC038162 rt of the Trustees and Unaudited Financial Statements for the Year Ended 10ecem Oban Free Church of Scot Mackay & Co Chartered Accountants Unit 8 Golspie Business Park Golspie Sutherland KW10 6UB
Oban Free Church of Scotland Contents of the Financial Stalements for the Year Ended 31 December 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 11 Detailed Statement of Financial ActFwties 12 to 13
Oban Free Church of Scotland ort of the TTUStees for the Year Ended 310ecember 2025 The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopled the provisions of Accounting and Reporting by Charitl8S: Statement of Recommended Pra¢ti¢e 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). OBJECTIVES AND ACTIVITIES Oblectlves and alms Oban Free Church of Scotland is a congregation of the Free Church of Scotland VrkIng towards the Common aims set out below. It is a Presbylerian church adhering in its worship and doctrine to the position of the Church of Scotland at the Reformation. The Free Church of Scotland has an explanatory document which explains the origins of the Church and which gives the historical background lo the Church comir)g into being in 1843 and lists documenls in which is embodied the constitution of the Church. This documenl is available on request from the Free Church of Scotland, 15 North Bank Streèt, Th8 Mound. Edinburgh, EH12LS. The Fre8 Church of Scotland currently has over 100 congregations in S¢t18nd. as well as one in London and four in North America. and sister Churches founded by mission Vrk in India, Peru and South Africa. The Church also has a seminary in Edinburgh for the Iraining of Ministers and other Christian workers and sustains an extensive Missionary programme relative to the size of the church. The principal activity of the Church is the conduct of public worship and associated matters in the contexl of local congregations. Dating from 1843 but vrith its rrx)ts in the Refomiation. it owes its dlstinctNe tltle to its hlstorical stwggle to remain 'free' from state interference in its inlemal affairs. It has close and active relations with many other Reformed churches of Jesus Christ throughout the world and stsnds fimily in the tradits'on 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 free and sovereign salvation through Jesus Christ alone. The congregation is authorised by the Church to have a minister paid from central funds of the Church. The church building and the ministerfs manse are the propety of the congregation and are held under the Church's model trust deed. Page 1
Oban Free Church of Scotland ort of the Trustees for the Year Ended 31 December 2025 ACHIEVEMENTS AND PERFORMANCE Charltable activities The congregation were pleased to y1¢Ome their new minister - Rev Nathan Kish - who vms inducted to the harge after the December 2025 year-end. on 23rd Marth 2026. and we look forward to his ministry. Over the course of the lasl year, our weekly worships have been held by the regular use of supply ministets. Charltable acllvltles During the year the church met regularly for worship and carried out various activities in pursuit of the above stated aims. The congregation continued its commitment to support the National Free Church of Scotland both spiritually and financially. Significant highlights, events and developments of rK)t8 in 2025 indude the following: . In relation to aclivities - Sunday School Fellowship lunches - Outreach within the community - Missionary meetings to support the wider work of the church Special events for children Informal events for adults in the MMunity FINANCIAL REVIEW Financial posltlon As a result of a surplus for the year of £2,436, the church held an unrestricted General Fund amounting to £2.018. a designated Legacy Fund of £25.150 and a restricted fund of £24.388. The Trustees are satisfied with the level of reserves held by the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Oban Free Church of Scotland is established by Constitution. The church is a registered Scottish Charity SC038162 Recrultment and appointment of new trustees The Kirk Session exercises its discretion in detenmining the most appropriate method of electing new Trustees {Elders and Deacons). Any election process must involve the communicant membership of the congregation. There is no fixed temi for Trusteeship. Prior to their appointment new Trustees would have served the Church for some lime in various roles and Vuld be familiar wlh the Church's values. its aims and objectives as V11 as ils day-to-day operations. As part of their induction programme, new Trustees are required to understsnd their stalulory responsibiltties as well as the responsibilities of their office within the ngregation as elder of deacon. Page 2
of Scotland rt of tho Trustee Y r Ended 25 STRUCTURE. GOVERNANCE AND MANAGEMEKr Organlsatlonal 8tructur• The ttJngr8gatlon Is governod ofKI admlnlst•rod by ead offKe bearers (all Volunteers) arml Its mlnlstsr. The Kirk Session. being the minister and elected elders, ha5 responsibllity for spiriti1 oversighc while the Deacon's Court, Ix)mposed of lQfk Sesslon mombors plus eloctsd deacons. oversees financlal and property m8tters. Under Charity Law, the Deacons, Court are deemed to be the trustees ol the congregatlon as those V•ith responslbillty for day to d8y management arKI control. Thls Is dlstlnct from th8 role of property (congregallonal) trustees whK) aro responpiblo only for holdi proporty In Inmt. REFERENCE AND ADMINISTRATIVE DEfAIL3 R•gl*t•r•d Charlty numb•r SC038162 Prln¢lp•l addr• Star Brae Oban PA34 5DQ Tru•t• A Smlth Bsc D MacA8klll MRICS l Henry A Mackenzie 8 Wllkle {resned 19.8.25) l Grant {resl9ned 19.6.25} R Livlngstone &4 D J Morrlson Rev R D Crnnston Rev N Kt3h (appotnted 23.3.26) Ind•p•nd•nt Ex•mln•r Marcus D Maclver CA Mackay & Co Chartered Accountants Unlt 8 Golspie Buslness Park Golsple Sulherland KW10 6UB Approved by order of Ihe board of trustees on ..27. S: Z .. and signed on tts bohalf by.. Tnjstee Page 3
Inde ndent Examinerfs Re Oban F e Churc coua the Trustees of I report on the accounts for ts year ended 31 Decémber 2025 set out on pages five to eleven. R•sp•¢tlv• responslbllltles of trusto08 and •xamln•r The charity's trustees are responslble for the preparation of the accounts in accordance with the temis of the Charities and Trustee Investment (Sc(Jtl8nd} Act 2005 and the Charitles Accounts (Scotland> Regulatlons 2006 (as annded). The charitys trustees consider that Ihe audit requiremenl of Regulation 11 Xa) to (c) of the Accounts Regulations does not apply. It my responsibillty to examine the accourrts as required under Sedion 4411Xc) of the Acl and to stste vlhether particular matters have come to my attention. Basls of the Indendent ex•mln•fs report My examination was carried out in accordan wlth Regulation 11 of chareS Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by th8 charty end a mparison of the accounts presented viiih those rewrds. It also in¢ludes consideralon of any unusuBI items or disclosures in the accounts, arKJ seeking explananS from you as trustees conceming any such matters. The procedures urKlertaken do not provlde all the eviden that would be requlred In an audlt. and cx>nsequenlly I do not express an audii oplnion on the ¥iew given by ts accounts. Independent examln•rfs stst•m•nt In COnellOn V•ryth my examination, M matter has come to my attentS0n . (1 > which gNEs me reasonable Cause to believe th8L In any m8terial resp8cL the requirements to keep accounting records in accordan S8Ction 44(1 Xa) of the 2005 Act RegulatSon 4 of the 2006 Accounts Regulations" and to prep8re accounts which accord *rylh the accountlng rerdS arxl to rnpty Regulation 8 of the 20 Accounts Regulations have not been met; or (2) to thich, in my opinK)n. attenllon shoukj be drawn in order lo enatAe a proper understanding of the attounts to be reached. Marcus D Maclver CA The Institute of Chartered Accountants Mackay & Co Chartered Accountsnts Unit 8 Golspie Business Park Golspie Sutherland KWIO 6UB Date: .......... Page 4
Oban Free Church of Scotland Statement of Financial Activities for the Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Total funds Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 53,790 965 54.755 53,957 Investment income Other income 487 9.118 554 10,421 1.031 8,087 Total 55,308 9.052 64,360 64,932 EXPENDITURE ON Charitable actlvltles Church 69,549 3,016 72.565 62,496 NET INCOMEI(EXPENDITURE) Transfers botween fvnds (14.241) 7.000 6.036 (7,000) (8,205) 2.436 Net movoment In funds (7.241) {964) (8,205) 2.436 RECONCILIATION OF FUNDS Totsl funds brought forward 27,168 24.388 51,556 49,120 TOTAL FUNDS CARRIED FORWARD 19.927 23,424 43.351 51,556 The notes forni part of these financial statements Page 5
Oban Free Church of ScotlarKI Balan Sheet 31 December 2025 31.12.25 Total funds 31.12.24 Total funds Unrestricted funds Restricted fund Notes CURRENT ASSETS Cash al bank 19,927 23,424 43.351 51,556 NET CURRENT ASSETS 19,927 23,424 43.351 51.556 TOTAL ASSETS LESS CURRENT LIABILITIES 19.927 23,424 43,351 51,556 NET ASSETS 19.927 23.424 43.351 51,556 FUNDS Unrestricted funds= General fund Legacies fund 5,277 14,650 2.018 25,150 19,927 27,168 Restricted funds 23.424 24,388 TOTAL FUNDS 43,351 51,556 The financial statements Vlere approved by the Board of Trustees and authorised for issue on and were sned on its behalf by: Trustee The notes form part of these financial statements Page 6
Oban Free Church of Scoliand Notes to the Financial Statements for the Year Ended 31 December 2025 ACCOUNTING POLICIES Basls of preparlng th• financlal statomenls The financial slatements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charilies SORP (FRS 102) '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 IFRS 102) (effective 1 January 2019),. Financial Reporbng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and Trustee Investment (Scotland) Acl 2005. The financial statements have been prepared under the historical cost convention. Incom• All income is recognised in the Statement of Financial Acts'vities once the charity has entitlement to the funds. it is probable that the income will be recerved and the amount can be measured reliably. Expendlturo Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion can be rneasured reliably. Expenditure is accounted for on an ac¢Tuals basis and has been ¢lassified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated lo activities on a basis consistent with the use of resources. T•xatlon The charity is exempt from tax on its charitable actiwties. Fund accountlng Unrestricted funds can be used in accordance with the charitable objeclives at the discretK)n of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charfty. Reslriclions arise when specified by the donor or vthen funds are raised for particular restricted purposes. Further explanation of the nature and purpose ol each furKI is included in the notes to the fin8n¢lal ststements. Page 7 continued...
Oban Free chUh of Scotland Notes to the Financial Statements - continued for the Year Ended 31 December 2025 DONATIONS AND LEGACIES 31.12.25 31.12.24 l)onations Gift aid Freewill offering Church door collections Sunday school collection Disaster appeal collection Pulpit supply claim Christian Aid Appeal 2,731 9.173 33.793 2.249 909 165 5.615 120 1.210 10.163 33,664 2,900 978 175 4,867 54.755 53,957 INVESTMENT INCOME 31.12.25 31.12.24 Deposit account interest Dividend 411 76 554 554 CHARITABLE ACTIVITIES COSTS Direct Costs Church 72,565 TRUSTEES. REMUNERATION AND BENEFITS There were no tnjstees, remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 Dernber 2024. Trustees. expenses There were no trustees. expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. Page 8 continued...
Oban Free Churth of Scotland Notes to Ihe Financial Statements - continued for the Year Ended 31 December 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 52,842 1.115 53,957 Investment income Other income 554 554 10.421 10,273 Totsl 53.544 11.388 64,932 EXPENDITURE ON Charitablo activities Church 61.717 779 62,496 NET INCOMEI(EXPENDITURE) {8,173) 10,609 2,436 RECONCILIATION OF FUNDS Total funds brought foThvard 35.341 13.779 49,120 TOTAL FUNDS CARRIED FORWARD 27,168 24.388 51,556 MOVEMENT IN FUNDS Nel movement in funds Transfers befven funds At 31.12.25 At 1.1.25 Unrestrlcted funds General fund Legacies fund 2,018 25,150 (14.241) 17,500 (10.500) 5,277 14,650 27,168 (14.241) 7.000 19,927 Restrlcted funds Fabri¢ 24.388 6,036 {7,0001 23,424 TOTAL FUNDS 51.556 (8,205) 43.351 Page 9 continued...
Oban Free Church of Scouand Notes to the Financial Statements - continued for the Year Ended 31 December 2025 MOVEMENT IN FUNDS - Contlnued Net movement in funds, included in the above are as follows.. Incorning resou$ Resources exp8nded Movement in funds Unrestrlcted funds General fund 55.308 (69,549) (14,241) Restricted funds Fabric 9,052 (3,016) 6.036 TOTAL FUNDS 64.360 (72.565) (8,205) Comparatives for movement In funds Net movement in funds At 31.12.24 At 1.1.24 Unrestrlcted funds General fund Lega¢ies fund 10,191 25.150 (8,173) 2.018 25,150 35,341 (8.173) 27,168 Restrlcted funds Fabric 13.779 10.609 24,388 TOTAL FUNDS 49,120 2.436 51.556 Page 10 continued...
Oban Free Church of Scotland Notes to the Financial Statements - continued for the Year Ended 31 December 2025 MOVEMENT IN FUNDS- contlnued Comparative net movement in funds. induded in the above are as foll0v. Incoming reSoUrS Resources expended Mov8ment in funds Unrestricted funds General fund 53.544 (61.717) (8,173) Restrtcted funds Fabric 11,388 (779) 10,609 TOTAL FUNDS 64,932 (62,496) 2,436 RELATED PARTY DISCLOSURES There yre no related party transactions for the year ended 31 December 2025. Page11
Oban Free Church of Scotland Detailed Statement of Financial Activities for Ihe Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Total funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donatlons and legacles Donations Gtft aid Freewill offering Church door collections Sunday school collection Disaster appeal collection Pulpit supply claim Christian Aid Appeal 2,731 9.173 32,828 2.249 2,731 9,173 33,793 2,249 909 165 5.615 120 1,210 10,163 33,664 2,900 978 175 4.867 165 5,615 120 53,790 965 54.755 53,957 Investment Income Deposit account interest Dividend 411 76 411 76 554 554 Other Income Church magazines Car parking Other inwme Other fundraising 202 829 202 5,256 780 2,880 108 5,696 910 3,707 4.427 780 2.880 1.031 8.087 9,118 10,421 Total Incomlng resources 55.308 9.052 64,360 64.932 EXPENDITURE Charftable activities Rates and water Insurance Light and heat Telephone Postsge and stationery Carried forward 4.144 3,273 3,746 1.059 527 12.749 4,144 3.273 3.746 1.059 527 12.749 3,802 3,013 2,852 565 419 10,651 This page does not fonn part of the statutory financial statements Page 12
Oban Free Church of Scotland Detsiled Ststement of Financkql Activitses for the Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Total funds Unrestricted funds Restricted funds Charltable actlvltles Brought forward Sundries Remittances to central fund Pulpit supply Presbytery dues Repairs and renewals Donations etc Sunday school expenses Manse - Heat 12.749 1.145 44.367 6,175 447 12.749 1.145 44,367 6.175 447 3.016 285 739 3.642 10,651 2,546 37,362 7,571 707 779 376 714 1.790 3,016 285 739 3.642 69.549 3,016 72,565 62,496 Total resources expended 69,549 3,016 72,565 62.496 Not Income {14,241) 6,036 (8,205) 2,436 This page does not fomi part of the statutory financial ststements Page 13