Scottish Charity No:SC044862 Broughty Ferry Presbyterian Church Trust Scottish Charitable Incorporated Organisation (SCIO> Financial Statements For the year ended 31 December 2025
Broughty Ferry Presbyterian Church Trust Contents of tbe Fln¥nclal Statementsfor thyear ended 31 DeC¢mr 2025 Page Report ofthc Trustr¢S Report of thc Indq)mdent Examiner R¢¢eipts &nd Payments Account Statement of B818nce8 Notes ts) the Pinan¢io1 Ststernents &9 Page I
Broughty Ferry Presbyterian Church Trust R¢port of the Truste¢8for lheOr ended 3J December 2025 Trnstees Rev Alberto de Paula Dr Alan Woodley Dr Craig Kirkwood Mr William High Mr Charles Webster Mr Iain Murray Mr Richard McKell (Chairnian) (Secretary - Iintil Nov 2025, resI}ed Nov 2025) (Secretary - from Nov 2025)) Seottish Cbarity Numbtr SC044862 Bankers: Virgin Money 718 High Street Dundee DDI ISS Registered Address: l Ferry Roa Monifieth. Dundee DD5 4NS Solicitors: Murchison IAW Ltd 5 Ardross Terrace Inverness IV3 5NQ Pa8e 2
Broughty Ferry Presbyterian Church Trust Report of th¢ Trnsteesfor theyear ended 31 December 2025 The trustees are pleased to present their report togeth¢r with the fmancial statements of the trust for the year ended 31 December 2025. Status of Charity and Governing Documenl Brou8hty Ferry Presbyterian Church Trust is a Scottish Charitable Incorporated Organisation (SCIO) and was registered with OSCR on 19 May 2014 (Tr40. SC044862) Tru$tees and Le9ders The trust¢cs are listed on page l. Appoiniment and removal are in e0rdance with the Constitution which requires that appointment or removal is approved by resolution of not less than 75 % of the ¢xistin8 trustees. There is no maximum number of tsustees. The minimum number is three. The trustees all have experience in that role. Suitable induction is provided for all new TTUStees. making them aware of a tNstee's responsibilities. the Constitution and administrative proc¢dures. A copy of th¢ previous year's annual report and accounts are also provided along Wlth the OSCR booklet "Guidance and Good Practice for Charity Trustses" ChArltable Objeetlv¢i The purpose of the trust is the advancement of the ChTlStian religion in Scotland and the world for the public benefit through the provision of resources Christian churches and fellowships in Broughty Ferry and elsewher¢. Activltiu And Aehlevementj The Trust owns the property at 343 Brook StreeL Broughty Feny, DD5 2DS and leases it to Broughty Ferry Free Church of Scotland (fomerly Broughty Ferry Presbyterian Churoh) for a monthly rentsl. Broughty Ferry Free chUh has sole use of the property. In May 2025. and with the assistance of a loan from another charitable trusL the Tru8t purchased the Baptist Church building at 86 Si Vincent Street. Broughty Ferry. The property at St Vincent Street is now leased to Broughty Feffy Free Church on a long-temi basis. The amount payable to the Trust is limited to the expenses of the Trust. The intention is that Broughty Ferry Free Church C out refurbishment of the prop¢rty, and on ¢ompl¢tion. s¢ll the premises at Bn)ok StreeL and use this to repay the loan. Finanei*l Revi¢ Prlnclpal Funding Sources Th¢ principal funding sourc¢ for the Trust is rental for the use of the premises at 343 Brook StreeL Broughty Ferry. Flnancial Raults The Trtt has a deficit for the year of-£703 {2024 -£80.080), which has resulted in total funds carried forward at the end of the year of £ 10,752 (2024 £11.455). The charity Trustees seek to maintain unrestricted reserves eq1 w 6 months unrestricted expenditure and have met this resery¢ policy at th¢ end of the year. Pa8e 3
Broughty Ferry Presbyterian Church Trust Approv¢d by the Trustees 4)n and signed on their behalf by: CrJi8 Alas14ir Kirkwood Secretary Chairman Page 4
Broughty Ferry Presbyterian Church Trust Report of the Independent Exmintr to ¢he Truatee8for tk ar ended 3J December 2025 I T¢t on the fmancial statements of Brousbty F Presbyterian Church Trust for the yw ended 31 Derembcr 2025 which set out on pages 4 to 7. Respec¢ivt Re8ponslbllities 0ftru8 and eMIller Th¢ church's TrStee5 are SnSIble for the prep8r8tion ofthe finaDcial ststemcnts in accordancc with the ternis of the Charitie5 dnd Trytee Invcstment (Scotlgnd) Art 2005 and the Charities Accounts (Scotland) Regulations 21KJ6 (as 8mcnd¢dl. lThe churth's Trusl¢cs Lonsidcr thal the audit requirement of ReBu10n 10( I ) (d) of the AccounLs Regulation% do&8 nol 8pply. It Is our respo16111tY lo examine the financial 5taiem¢nts required under section 44(1) (c) of thc Act and to stat¢ wheih¢r particular matters have ¢ome to our ats¢mtion. B¥#l• of Independent exxmlner'i stalem¢nts My ixumin8tion w&8 carricd out in accorduncc with Regulation I l ofthe Chorities Accounts {ScotIw) Regulations 21Y)6 (as amLnded). An examination include5 a rcvicw of the accountin8 records kept by the ¢hurch and 8 comparison of the financial statements presented with those rOrdS. It also in¢lude5 considernlion of sny unusual ims or di5closurts in the financial ststhent$ and seeks explanaiion8 from the I'rustccs con¢LYnin8 any such mattcrs. proc¢dures undertakm du not provi(k all the evidcnce th&t would be required in an 8udiL and rAmsequently I do not express an audit opinion on th¢ view 8iven by the fuwwial $tatements. Independent exAmln¢r'• •¢tement In thc cours¢ of my examination. no matter hu come to my ati¢nlion which giv mc reawthl¢ au8e to believ¢ that in any material r¢¥Kct the requircmcnts: to keep accountin8 rerdS in accordance with Section 44(1) (a) of thc 2005 A¢t and R¢gulatiim 4 of the 2( Accounts Rc8ulation5, And to pr¢pare financial statem¢nts which aord with the w>unting Tecord8 and ¢omply with Re8ulion 9 of the 2(th Accounts R¢8ulations hav¢ not bc¢n MCL or 2. to which in rny opinion. 8ttention Should bc drnwn in order to ¢nabl¢ a proper understandin8 of th¢ finan¢ial sta¢emen(s to be reached. Signed . Thomj 30 Ravensby Park Gardens CgrnOUStie, An8U8 DD7 Thy D8te.. ..2026 Pa8e 5
Broughty Ferry Presbyterian Church Trust Receipts and Paymettt Accounts For ih8year ended 31 December 2025 Unr¢stricted Gencral Fund Notes £ Designated fvnds Totsl 2025 2024 Recelpts CharitiLs aid offerin85 Other Income Sundry Inwme Aquila Loan Totsl Rttelpts 1200(K) 126000 121XKI 1260(M) Payments Pfjymentsfor Charliable uc1lvleS Insurance Independcni examination Legal Fees Purchw of property 1925 1925 372 708, 4778 121)000 4778 120000 Totsl Paymtnts Surpluj for th¢ year Transfer8 126703 (703) 126703 (703) 1080 4020 850(M) (80080) Totsl funds brought forward 91535 11455 11455 To¢al fundj eArrl•d forwird 10752 10752 11455 Page 6
Broughty Ferry Presbyterian Church Trust Statement of Bglan¢es As at 31 DLxembcr 2024 2025 2024 Opening sUlUs Closing Opening Surplus Closing Balance for year Balance Balance for ye8r Balance 11455 (703) 10752 91535 (80080) 11455 Bank and C•Bb In haDd Total beld 11455 703 10752 91535 80080 11455 Reproented by: Unmtrlcted fund8 5 GcnLral De8lgnat¢d Fund$ Building Fund 10752 11455 10752 11455 8t4ttment of xuets 4t 31 December Land and building (b&8ed on tyuslee's valualion 2017) lThe Brook 86 Si Vincent Sire¢t Ibagcd on purchw price) Tothl 139,000 139.1X)O 120,000 139,CrfX) StAte••llt of IIAblll¢lH *1 31 December 2025 Aquila Loan ThL finun¢ial statLThcnts ()n pagLs 4 to 7 were approved by the 7'nte¢S On . d Sign on bthlllf of thc undernoted.. 2026 Craig Altalr Kirkwood Secrelary Pa8e 7
Broughty Ferry Presbyterian Church Trust l¥ote8 to th¢ FlJxneil Stxtementsfor emled 31 December 2025 l. Acfoulltlng poll¢leJ Aecoulltlng convelltion The financial statements have be prep8red under the historical cost conv¢ntion. and in accordancc with the Charities Accounts (Scotland) Reguiationy 2006 (as amended). Bas13 or tknDcl•l statsments The financial 5to*mcnts have been preped on a rtt¢ipts and payments basi8. Re¢¢lpt# and p•ym¢llts Y4C¢OUnt Forthe purposc of the RCIpts and Payments acUnt &q Sho on p4ge 4, fimds or¢ defined 83 follows: Unrestrlded fimds compri&¢ 8r8nts and other incomc received for the objects of the church withoul further specified Purpo and are availoble as 8encral fimd8. D¢s18ned comprise those funds $p¢cified by the tn for a particular purpose. within the 9th1cd chaTit8blc objectives orth¢ church. Pa8e 8
Broughty Ferry Presbyterian Church Trust Notes lo the fillan¢iwl Statements For ihe year ended 31 December 2025 2. Unrestrlthd Funds Balance at 01.01.25 Balance at Receipts PAyments Transfers 31.12.25 Unrestricted Fund Gm¢rdl DeS1ted Fund Buildin8 TO unrestrithed Funds 11455 126,000 (126703} 10.752 11455 126,0(KJ {126703) 10,752 Explanation of funds The Generalfvnd encompassed all inwmc and expenses relating to the primary focus of the charity, other than those for which funding is restricted. The Build{ngfdreprtsents income received ti)ward the pUh&e of a church building and the (Mlgoing costs. Pa8e 9