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2025-12-31-accounts

Scottish Charity No: SC038179

Park Free Church of Scotland

Trustees’ Report and Financial Statements For the Year Ended 31 December 2025

Park Free Church of Scotland

Contents of the Financial Statements for the year ended 31 December 2025

Page
Church Information 1
Report of the Trustees 2 - 3
Report of the Independent Examiner 4
Receipts and Payments Account 5
Statement of Balances 6
Notes to the Financial Statements 7
Notes to the Accounts 8 - 9

Park Free Church of Scotland

Church Information

Trustees

A list of active Trustees during 2025 is provided in the Trustees’ Report on Page 2.

Address

Tel:

Bankers

Royal Bank of Scotland North Beach Street Stornoway HS1 2DE

Solicitors

Blackadders LLP 10 Euclid Crescent Dundee DD1 1AG

Independent Examiner

Page 1

Park Free Church of Scotland

Report of the Trustees

The Trustees are pleased to present their report together with the financial statements of the church for the year ended 31 December 2025.

Status of Charity and Governing Document

Park Free Church of Scotland is established by Constitution. It is a registered Scottish Charity (No: SC038179).

Aims and Affiliation

Park Free Church of Scotland is a congregation of the Free Church of Scotland working towards the common aims set out below. It 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 Scotland has an explanatory document which explains the origins of the Church and which gives the historical background to the Church coming into being in 1843 and lists documents in which is embodied the constitution of the Church. The document is available on request from the Free Church of Scotland, 15 North Bank St., The Mound, Edinburgh, EH1 2LS.

The Free Church of Scotland currently has over 100 congregations in Scotland, as well as one in London and four in North America, and sister Churches founded by mission work in India, Peru and South Africa. The Church also has a seminary in Edinburgh for the training 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 context of local congregations.

Dating from 1843 but with its roots in the Reformation, the Free Church of Scotland owes its distinctive title to its historical struggle to remain ‘free’ from state interference in its internal affairs. It has close and active relations with many other Reformed churches of Jesus Christ throughout the world and stands firmly in the tradition which accepts the Bible in its entirety as the Word of God and, therefore, derives 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.

The congregation is authorised by the Church to have a minister paid from central funds of the Church.

The church building, the hall and the minister’s manse are the property of the congregation and are held under the Church’s model trust deed.

Trustees and Office Bearers

The congregation is governed and administered by elected office bearers (all volunteers) and its minister. The Kirk Session, being the minister and elected elders, has responsibility for spiritual oversight, while the Deacons’ Court, composed of Kirk Session members plus elected deacons, oversees financial and property matters. Under Charity Law, the Deacons’ Court are deemed to be the trustees of the congregation as those with responsibility for day to day management and control. This is distinct from the role of property (congregational) trustees who are responsible only for holding property in trust.

The members of the Deacons’ Court (the Trustees) who served during the year were as follows:-

Deacons’ Court

Elders A J MacKinnon, M MacArthur & M Morrison. A MacLeod (31/8/25 to 31/12/25) Angus MacKay & Duncan MacPherson, Assessor Elders (29/4/25 to 31/12/25)

Ministerial Team Rev Paul Murray, Interim Moderator

Congregational Trustees

For holding Property - A J MacKinnon & M MacArthur

Page 2

Park Free Church of Scotland Report of the Trnstees Appointmeot of Charity Trnstees The Kirk Session exercises its discretion in deterniining the most appropriate method of electing new Trnstees (Elders and De￿n$}. Any election pr(ws must involve the communicant membetship of the congregation. There is no t¢ffn for Truste¢ship. Prior to their appointmenL new Trustees would have served the chU￿h for some time in various roles and would be familiar with the Church's values. its aims and objectives as well as its day-tfrday OWdtion& As part of their induction progrdmmq Dew Trustees atr rcquired to understand their statulory lEs￿nSIbl11tieS a5 well as th¢ wnsibilities of their office within the Con￿e8atIon as elder or deacon. Activities and Achievements During th¢ year. the congffgation met regularty for worship and carried various activities in pursuit of th¢ aiK*VC Sta￿1 aim& The congregation Lk)ntinued its commilment to support the National Free Church of Scotland both spiritually and financially. In relation to congregational adivities: Weekly servi¢¢s on Sut)day at I2￿ and 6yn in F￿8]iSh continue to bc transmitteAI through Facebook Live Community relations continued to b¢ strcngthened and the go$￿1 message shar&1 throughout the Community We offer tea and coffee after the morning service ￿ an opwtunty to pr(Knote furth¢r friendship and fellowship 'Hope Explord. and 'Christi8nity Explor&l' courses w¢r¢ run, and both were well attend An 'Open House Bible Study. continues to me¢1 every foTtnight Congr¢gational Fellowship meetings were held througlb)ut the yeaT In relation to tongregational fuidlttg". A growth in donations via Gift Aid and Free Will Off¢rin8 income Results for th¢ year As a result of a surplus for the year of £13.938.88. the church h¢ld funds amounting to £97,223.97 at the year end. That cimsisted of unrestricted funds amounting to £29.520.23, a designated fund amountin8 to £867.00. and restricted fimds amountlng to £66.836.74. The trnstees ere satisfied with the level of ffservcs retaina by the Charity. Oll behaifof the Tnutees

Park Free Church of Scotland Report of the IDdependeAt Examiners to the Truteo8fv iheiyar ended312kcember 2025 I rew>rt on th¢ a￿ollnts of the church for the year ended 31 De£emlv 2025 which are s¢t out on pages 6 to io. Respective responsibilities of truste¢3 and ex￿nIner The charity's trustees are responsible for the preparation of the ￿CoUnts in accordance with the temis of th¢ Charities and Tn￿tee Investment (Scotland) Act 2(M)5 and the Charities Accounts (Scotland) R¢8ulations 2006. The charity trustees consider that the audit wuiretnent of Regulation 10(I) (d) of the Accounts Regulations does not apply. It is my ￿5￿nsIbIlity to examine the ￿CoUnts as ￿Ul[ed under section 44(1) (G) of th¢ AGt and to state whether particular matters have ci)mc to my allention. Basis of independent examiner's statement My examination is Carri￿ out in W￿￿18n¢t with Regulation I l of th¢ Charities Accounts (Scotland) Regulations 2006. An ¢xamination includes a review of the aewunting T¢￿rdS kept by the charity and a comparison of the accounts pr&s¢nied with those records. It also includcs LKinsid¢ration of any unusual items or disclosures in the accounts, and seeks explanats(w from the trusiees concerning such matters. The procedures undertaken do not provid¢ all the evidence that would be ryuired in an audil and consequently I do not exkyess an audit opinion on th¢ view given by the xcounts. Independent Ex8miners' Statement In the course of my examination, no matter h&s cthne to my attention . which gives me rel￿nable cause to believe that in w material the requirements: to keep accountin8 rwonls in accordanLY with Section 4411) (a) of the 2(K15 Act and Regulation 4 of the 2006 Accounts RegulAtions and to prepare aceounts which ac¢ord with the ￿COunting records ¢omply with Regulation 9 of the 2IKJ6 AC￿urtts Regulations have not been meL or 2. to which, in my Opinio￿ altention should be drawn in order to enable a proper undetstanding of the accounts to be reached. Name: Qualification: Address: Date: J.&- Page 4

Park Free Church of Scotland

Receipts and Payments Accounts

For the year ended 31 December 2025

Notes
Receipts
Gift Aid
Church Door collections
Envelopes
Donations
Bank Interest & Dividends
Income Tax Recovered
Magazines
8
Communion Expenses Appeal
8
Mid-week Special Collections
8
Other Income
Hall Lettings
Vacant Congregation Refund
Stand in the Gap
Total Receipts
Payments
Payments for Charitable activities
Remittances to Central funds
5
Other Head Office Payments
Pulpit Supply & Communion Expenses
8
Minister's Expenses
Church, Hall & Manse Insurance
Rates
Heat & Light
Donations
Telephone, Broadband & Website
Honorarium
Postage
Presbytery Levies & Dues
Presentations
Travel & Subsistance
Youth Activities
Other Expenses
Magazines
8
Mid-week Special Collections
8
Church Hall
Manse Repairs
Stand in the Gap
Total Payments
Surplus/deficit for the year
Transfers
Total Transfers
Net movement in funds after transfers
Total funds brought forward
Total funds carried forward
Represented by:
General Fund
7
Benevolent Fund
7
Outreach Fund
8
Projects Fund
8
Appeals Fund
8
Fabric Fund
8		 General
Designated
Fund
Funds
£
£
17008.00
0.00
9402.00
0.00
12202.00
0.00
10730.00
0.00
135.66
0.00
7238.99
0.00
0.00
0.00
0.00
0.00
0.00
0.00
99.48
0.00
0.00
0.00
3880.00
0.00
0.00
0.00
60696.13
0.00
43716.00
0.00
217.06
0.00
2968.85
0.00
0.00
0.00
3150.85
0.00
0.00
0.00
909.41
0.00
100.00
133.00
1103.26
0.00
306.80
0.00
20.72
0.00
430.00
0.00
0.00
0.00
314.67
0.00
88.57
0.00
984.52
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
54310.71
133.00
6385.42
-133.00
0.00
0.00
0.00
0.00
6385.42
-133.00
22165.81
1000.00
28551.23
867.00
28551.23
0.00
0.00
867.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
28551.23
867.00
Unrestricted Funds		 General
Designated
Fund
Funds
£
£
17008.00
0.00
9402.00
0.00
12202.00
0.00
10730.00
0.00
135.66
0.00
7238.99
0.00
0.00
0.00
0.00
0.00
0.00
0.00
99.48
0.00
0.00
0.00
3880.00
0.00
0.00
0.00
60696.13
0.00
43716.00
0.00
217.06
0.00
2968.85
0.00
0.00
0.00
3150.85
0.00
0.00
0.00
909.41
0.00
100.00
133.00
1103.26
0.00
306.80
0.00
20.72
0.00
430.00
0.00
0.00
0.00
314.67
0.00
88.57
0.00
984.52
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
54310.71
133.00
6385.42
-133.00
0.00
0.00
0.00
0.00
6385.42
-133.00
22165.81
1000.00
28551.23
867.00
28551.23
0.00
0.00
867.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
28551.23
867.00
Unrestricted Funds		 Restricted
Funds
£
2045.00
0.00
4720.00
3733.40
0.00
0.00
165.00
359.00
332.00
0.00
0.00
32000.00
486.00		 Total
2025
£
19053.00
9402.00
16922.00
14463.40
135.66
7238.99
165.00
359.00
332.00
99.48
0.00
35880.00
486.00		 Total
2024
£
18121.50
9159.50
15146.00
7750.00
0.00
7356.73
110.00
525.00
260.00
94.99
300.00
8310.00
0.00
60696.13 0.00 43840.40 104536.53 67133.72
43716.00
217.06
2968.85
0.00
3150.85
0.00
909.41
100.00
1103.26
306.80
20.72
430.00
0.00
314.67
88.57
984.52
0.00
0.00
0.00
0.00
0.00		 0.00
0.00
0.00
0.00
0.00
0.00
0.00
133.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00		 0.00
0.00
202.50
0.00
0.00
0.00
5357.04
0.00
278.34
0.00
0.00
0.00
0.00
0.00
0.00
481.99
98.04
332.00
100.00
29139.03
165.00		 43716.00
217.06
3171.35
0.00
3150.85
0.00
6266.45
233.00
1381.60
306.80
20.72
430.00
0.00
314.67
88.57
1466.51
98.04
332.00
100.00
29139.03
165.00		 38300.00
244.56
3883.55
200.00
3062.00
523.43
6921.53
0.00
1467.93
306.20
12.80
915.00
576.99
651.70
113.93
3001.63
265.63
260.00
0.00
1217.24
0.00
54310.71 133.00 36153.94 90597.65 61924.12
6385.42
0.00		 -133.00
0.00		 7686.46
0.00		 13938.88
0.00		 5209.60
0.00
0.00 0.00 0.00 0.00 0.00
6385.42
22165.81
28551.23		 -133.00
1000.00
867.00		 7686.46
59150.28
66836.74		 13938.88
82316.09
96254.97		 5209.60
77106.49
82316.09
28551.23
0.00
0.00
0.00
0.00
0.00		 0.00
867.00
0.00
0.00
0.00
0.00		 0.00
0.00
321.00
43000.00
254.77
23260.97		 28551.23
867.00
321.00
43000.00
254.77
23260.97		 22165.81
1000.00
0.00
48781.60
31.31
10337.37
28551.23 867.00 66836.74 96254.97 82316.09

Page 5

Park Free Church of Scotland Statement of Balances As at 31 De(￿nber 2025 2024 Bank & Csh ID hand or￿ning balar Surplusl(Deficit) for th¢ J Cl(rfing balamc 82316.(V) 13938.88 962x97 77106.49 5209.60 82316.09 962x97 Fllttds held It the CtHtrl Offit Investtnents held at Cost Op¢Din8 balaT Movement in y¢or Closing ￿ll•c¢ 969.(K> Total rfmonrtry w¢¢• b¢1 9n23.97 285.09 Unr¢siri¢kJ fimds Des18n￿ed funds Restri¢Aed fu 29520.23 867.(KJ 66836.74 97223.97 23134.81 10(K).(K> 591SO.28 83285.09 Stteme•t of AM•ts held for C7Éri¢•bl¢ p¥rpty (VBJue5 arc b&%ed on thc 1th8ls) Church. Mansc & H￿1 Fixtures & Fittingg 359)886.LKJ 80508 3680394.IKI 3480613.( 79512.IK> Ststem¢mt ol Ilbllttl# #t 31 D¢¢¢br 21Tr25 Approva by tl Tryste¢s their behlf by the thIEnY￿..

Park Free Church of Scotland

Notes to the Financial Statements for the year ended 31 December 2025

1. Accounting Policies

Accounting Convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Accounts (Scotland) Regulations 2006.

Basis of financial statements

The financial statements have been prepared on a receipts and payments basis.

Investments

As the accounts are prepared on a receipts and payments basis the investments are included at cost. Market Value of the investments is disclosed within the notes to the accounts.

Fixed Assets

A statement of the assets held is shown in the notes to the accounts. No depreciation has been applied as depreciation is a non-cash item and therefore should not be included in the receipts and payments account.

Receipts and Payments Account

For the purpose of the Receipts and Payments account as shown on page 6, funds are defined as follows:

Unrestricted funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds.

Designated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes.

Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.

Page 7

Park Free Church of Scotland

Notes to the Receipts and Payments Accounts

For the year ended 31 December 2025

2. Tangible fixed assets

Cost
At 1 January 2025
Gain/Loss on Re-valuation
At 31 December 2025
3. Investments
The congregation holds investments (cost)
Market Value of the investments		 £
3480613.00
119273.00
3599886.00
Heritable
property		 £
79512.00
996.00
80508.00
2025
£
969.00
£
£5,930.28
Fixtures &
equipment		 Total
£
3560125.00
120269.00
3680394.00
2024
£
969.00
£
£5,575.75

4. Transactions with Trustees There were no transactions with Trustees during the year.

5. Amounts held by the Central Church

Balance of proceeds from disposal of manse
Interest earned
Amounts paid to the Central Church
Breakdown & Calculation of the total remittances to Central Funds
Ordinary Income
Ministry Levy
Administration & Training Levy
Fixed Allowance
Mission Levy & Mission Fund
Total Remittance Due
Total Remittance Submitted		 -
-
-
2025
60,696.13
35,880.00
7,836.00
23,000.00
0.00
43,716.00
43,716.00		 -
-
2024
49,122.68
33,240.00
5,004.00
23,000.00
0.00
38,244.00
38,300.00

6. Grants Received

Page 8

Park Free Church of Scotland

Notes to the Receipts and Payments Accounts

For the year ended 31 December 2025

7. Unrestricted funds
General Fund
Funds Held at Central Office
Total
Total
Designated funds
Benevolent Fund		 Balance at
01.01.25
£
22165.81
969.00
23134.81
1000.00
1000.00		 Incoming
resources
£
60696.13
60696.13
0.00
0.00		 Resources
expended
£
54310.71
54310.71
133.00
133.00		 Transfers
£
0.00
0.00
0.00
0.00		 Balance at
31.12.25
£
28551.23
969.00
29520.23
867.00
867.00

Explanation of funds

The General Fund encompasses all income and expenditure relating to the primary focus of activities for the charity, other than those for which funding is restricted.

The Designated Fund represents money set aside by the trustees for a particular purpose.

8.
Fabric Fund
Projects Fund
Outreach Fund
Mission Fund
Special Appeals
Magazines
Total
9.
Agency Collections
Restricted funds
Communion Expenses Appeal		 Balance at
01.01.25
£
10337.37
48781.60
0.00
0.00
31.31
0.00
31.31
0.00		 Incoming
resources
£
42280.00
218.40
486.00
332.00
165.00
359.00
524.00
1717.00		 Resources
expended
£
29356.40
6000.00
165.00
332.00
98.04
202.50
300.54
1717.00		 Transfers
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00		 Balance at
31.12.25
£
23260.97
43000.00
321.00
0.00
98.27
156.50
254.77
0.00

Explanation of Funds

Fabric/Projects/Outreach Fund - Represents money received specifically for these funds

Mid-week special collections - Special collections are taken throughout the year to assist with Mission work and other worthy causes, whose aims are sympathetic to the objectives of the congregation.

Magazines - Collections on receipt to cover the costs of church magazines

Communion Expenses - Retiring collection taken to cover expenses

Agency Collections/Appeals - Special collections are taken to raise funds for a number of causes, individuals and organisations whose aims are sympathetic to the objectives of the congregation.

Page 9