REGISTERED COMPANY NUMBER: SC551313 (Scotland) REGISTERED CHARITY NUMBER: SC047046 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2025 for ## Grace Church Falkirk Previously known as Grace Church Larbert Drummond Laurie CA Unit 5 Gateway Business Park Beancross Road Grangemouth FK3 8WX Grace Church Falkirk ## Contents of the Financial Statements for the Year Ended 31 December 2025 |||Page|| |---|---|---|---| |Reference and Administrative Details||1|| |Report of the Trustees|2|to|3| |Independent Examiner's Report||4|| |Statement of Financial Activities||5|| |Balance Sheet|6|to|7| |Notes to the Financial Statements|8|to|13| |Detailed Statement of Financial Activities|14|to|15| Grace Church Falkirk Reference and Administrative Details for the Year Ended 31 December 2025 |TRUSTEES|I T Fannon (Retired from employment)| |---|---| ||R J Mcdougall (Health & Saftey Professional)| ||R S Orr (Civil Servant (Public Relations))| ||Rev. A M Randall (Minister Of Religion)| ||R W Russell (Retired from employment)| ||S Shields (Retired from employment)| ||M L Wheeler (Retired from employment)| ||Rev T A Ritson (Minister Of Religion) (resigned 7.7.25)| |REGISTERED OFFICE|75 South Broomage Avenue| ||Larbert| ||FK5 3ED| |REGISTERED COMPANY|SC551313 (Scotland)| |NUMBER|| |REGISTERED CHARITY|SC047046| |NUMBER|| |INDEPENDENT EXAMINER|Drummond Laurie CA| ||Unit 5| ||Gateway Business Park| ||Beancross Road| ||Grangemouth| ||FK3 8WX| Page 1 Grace Church Falkirk for the Year Ended 31 December 2025 ## Report of the Trustees The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). ## OBJECTIVES AND ACTIVITIES ## Objectives and principal activities The principal charitable purpose of Grace Church Falkirk is the advancement of Christian religion. The charitable purposes are those registered with the Office of the Scottish Regulator (OSCR) and detailed in the GCF constitution document. ## Activities and public benefit The public preaching, teaching and pastoral support carried out by the Ministry Team of Andrew Randall and Andrew Ritson until 07/07/25 and then Alwis Philip (Trainee Minister) and Colin Robertson (Intern). Pastoral Care is also provided by the Elders and Deacons of GCF. The ministry of the gospel, to children and young people in church, is done through the work of volunteers to Grace Kids (nursery/primary), Ignite (early secondary) and Illuminate (late secondary and young adults) and by 5th Larbert Boys' Brigade Company. Everyone working with children and vulnerable people in GCF do comply with the statutory legal requirements on Safeguarding and certification, this includes all the Trustees. All members of GCF are part of a designated care group. ## Support of other charities in the UK Support for other charities: Larbert Churches Youth Trust (LCYT); Navigators UK, OM (One Mission) UK, The Barnabas Trust, The Blythswood Trust's Christmas Shoe Box appeal, the Christian Institute, Overseas Missionary Fellowship (OMF),Tearfund UK and the International Presbyterian Church. ## ACHIEVEMENTS AND PERFORMANCE ## Charitable activities Various Christian activities are under taken that are an essential part of the spiritual care for the members of the church, Public Worship, preaching. meeting for prayer, fortnightly house-based Bible studies called Connect. GCF maintains a website for information, podcasts and downloadable resources. ## FINANCIAL REVIEW ## Financial position The financial resources received by GCF in 2025 remain sufficient. This is detailed in the accounts provided. Financial surpluses are shown in all accounts. From these resources the church funds all its work, staff and employment costs, hall hire, operating costs, and principal charitable activities. GCF continues to pursue the object of providing funds for the renovation of our new church building. The Reserves policy operates to ensure that the church has means to cover three months operating costs. The Trustees make donations to other charities following budget planning, listed above. All the agreed financial commitments to other charities for the year were met. The Premises Fund is a restricted fund and is used to hold the contributions for the Building for the Future Appeal (BftF). The funds for such, are jointly held in the CAF Bank account and the Shawbrook Bank as detailed in the figures below. Page 2 Grace Church Falkirk for the Year Ended 31 December 2025 ## Report of the Trustees ## FINANCIAL REVIEW ## Reserves policy The Reserves policy operates to ensure that the church has means to cover three months operating costs. The Trustees make donations to other charities following budget planning, listed above. All the agreed financial commitments to other charities for the year were met. The Premises Fund is a restricted fund, and is used to hold the contributions for the Building for the Future Appeal (BftF). The funds for such, are jointly held in the CAF Bank account and the Shawbrook Bank. As detailed in the figures below. The full details of GCF accounts and activities are provided in the Accountant's Independent Examination report attached. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Governing document GCF is a company limited by guarantee, registered in Scotland under company number SC551313 and a charity registered in Scotland under charity number SC047046. The structure, governance and management of the company is set out in the Articles of Association. There are currently eight Trustees, who are therefore, Directors of the company. Main Office Holders of the Charity are stated below: The Minister: Andrew Randall The Chair of GCF is Morgan Wheeler: This appointment, is required to be made annually. Treasurer: Ian Fannon The Charity employs Andrew Randall as Minister and employed Thomas Andrew Ritson as Assistant Minister until 07/07/25 and then Alwis Philip as Trainee Minister from 01/07/25.. The management and financial oversight of the charity by the Trustees, was conducted at monthly meetings. A minute is taken at all meetings which includes a financial report, which is distributed for approval. Future spending obligations are determined at an annual budget meeting. The accountant's inspection report for 2024 was made available to the Trustees. ## Induction and training of new trustees The trustees review the make up of the board on a regular basis to ensure that there is a comprehensive representation of the knowledge and expertise the charity requires to carry out its charitable purpose and fulfil the governance requirements of the board. ## Risk management The trusteess have a duty to identify 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. ## CHANGE OF NAME The charitable company passed a special resolution on 27 May 2025 changing its name from Grace Church Larbert to Grace Church Falkirk. Approved by order of the board of trustees on 2 April 2026 and signed on its behalf by: I T Fannon - Trustee Page 3 Independent Examiner's Report to the Trustees of Grace Church Falkirk I report on the accounts for the year ended 31 December 2025 set out on pages five to thirteen. ## Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(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 (Scotland) Regulations 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 items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express 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 attention : - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts 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. Graeme Deans The Institute of Chartered Accountants of Scotland Drummond Laurie CA Unit 5 Gateway Business Park Beancross Road Grangemouth FK3 8WX 2 April 2026 Page 4 Grace Church Falkirk ## Statement of Financial Activities ## for the Year Ended 31 December 2025 |Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Total
EXPENDITURE ON
Charitable activities
Charitable Activities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD|Unrestricted
fund
£
145,285
384
145,669
150,735
(5,066)
187,144
182,078|Restricted
funds
£
75,590
27,763
103,353
8,317
95,036
1,166,012
1,261,048|31.12.25
Total
funds
£
220,875
28,147
249,022
159,052
89,970
1,353,156
1,443,126|31.12.24
Total
funds
£
234,060
24,416
258,476
155,181
103,295
1,249,861
1,353,156| |---|---|---|---|---| The notes form part of these financial statements Page 5 Grace Church Falkirk ## Balance Sheet ## 31 December 2025 |Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS|Unrestricted
fund
£
80,469
1,912
101,551
103,463
(1,854)
101,609
182,078
182,078|Restricted
funds
£
356,004
-
905,044
905,044
-
905,044
1,261,048
1,261,048|31.12.25
Total
funds
£
436,473
1,912
1,006,595
1,008,507
(1,854)
1,006,653
1,443,126
1,443,126
182,078
1,261,048
1,443,126|31.12.24
Total
funds
£
319,523
13,425
1,024,833
1,038,258
(4,625)
1,033,633
1,353,156
1,353,156
187,144
1,166,012
1,353,156| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 6 Grace Church Falkirk ## Balance Sheet - continued 31 December 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 2 April 2026 and were signed on its behalf by: I T Fannon - Trustee M L Wheeler - Trustee The notes form part of these financial statements Page 7 Grace Church Falkirk Notes to the Financial Statements for the Year Ended 31 December 2025 ## 1. ACCOUNTING POLICIES ## Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. 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 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 obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Church Property - 2% on cost Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on cost Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition. The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value. ## Taxation The charity is exempt from corporation tax on its charitable activities. ## Fund accounting Unrestricted funds can be used in accordance with the charitable 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. ## Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## Provisions Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material. continued... Page 8 Grace Church Falkirk Notes to the Financial Statements - continued for the Year Ended 31 December 2025 ## 1. ACCOUNTING POLICIES - continued ## Provisions Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. ## 2. INVESTMENT INCOME |INVESTMENT INCOME|||| |---|---|---|---| |||31.12.25|31.12.24| |||£|£| |Deposit account interest||28,147|24,416| |SUPPORT COSTS|||| |Charitable Activities|Finance
£
66|Governance
costs
£
2,280|Totals
£
2,346| |Support costs, included in the above, are as follows:|||| |Bank charges||31.12.25
Charitable
Activities
£
66|31.12.24
Total
activities
£
80| |Professional fees||534|326| |Independent Examination Fee||1,746|1,662| |||2,346|2,068| |NET INCOME/(EXPENDITURE)|||| |Net income/(expenditure) is stated after charging/(crediting):|||| |Depreciation - owned assets||31.12.25
£
7,946|31.12.24
£
4,685| ## 3. SUPPORT COSTS ## 4. NET INCOME/(EXPENDITURE) ## 5. TRUSTEES' REMUNERATION AND BENEFITS The trustees' were paid total remuneration of £64,947 for the year ended 31 December 2025 (2024: £72,388). ## Trustees' expenses During the year the following trustees received reimbursement of expenses totalling £5,274 (2024:- £6,409):- Rev. A M Randall £2,125 (2024:- £3,817) Rev A Ritson £3,022 (2024:- £2,557) I Fannon £127 (2024:- £35) Expenses reimbursed were in relation to presbytery expenses,training, motor, travel, stationary and treasurer's expenses. continued... Page 9 Grace Church Falkirk ## Notes to the Financial Statements - continued for the Year Ended 31 December 2025 ## 6. STAFF COSTS The average monthly number of employees during the year was as follows: ## 7. |Minister
Ministerial support
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
137,640
Investment income
645
Total
138,285
EXPENDITURE ON
Charitable activities
Charitable Activities
148,742
NET INCOME/(EXPENDITURE)
(10,457)
RECONCILIATION OF FUNDS
Total funds brought forward
197,601
TOTAL FUNDS CARRIED FORWARD
187,144|31.12.25
1
1
2

Restricted
funds
£
96,420
23,771
120,191
6,439
113,752
1,052,260
1,166,012|31.12.24
1
1
2
Total
funds
£
234,060
24,416
258,476
155,181
103,295
1,249,861
1,353,156| |---|---|---| continued... Page 10 Grace Church Falkirk ## Notes to the Financial Statements - continued ## for the Year Ended 31 December 2025 ## 8. TANGIBLE FIXED ASSETS |Fixtures
Church
and
Property
fittings
£
£
COST
At 1 January 2025
336,647
1,604
Additions
124,896
-
At 31 December 2025
461,543
1,604
DEPRECIATION
At 1 January 2025
17,124
1,604
Charge for year
7,946
-
At 31 December 2025
25,070
1,604
NET BOOK VALUE
At 31 December 2025
436,473
-
At 31 December 2024
319,523
-
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
11.
MOVEMENT IN FUNDS
At 1.1.25
£
Unrestricted funds
General fund
187,144
Restricted funds
Premises Fund
1,166,012
TOTAL FUNDS
1,353,156||Computer
equipment
£
500
-
500
500
-
500
-
-
31.12.25
£
1,912
31.12.25
£
-
-
-
1,854
1,854
Net
movement
in funds
£
(5,066)
95,036
89,970|Totals
£
338,751
124,896
463,647
19,228
7,946
27,174
436,473
319,523
31.12.24
£
13,425
31.12.24
£
2
2,725
152
1,746
4,625
At
31.12.25
£
182,078
1,261,048
1,443,126| |---|---|---|---| continued... Page 11 Grace Church Falkirk ## Notes to the Financial Statements - continued for the Year Ended 31 December 2025 ## 11. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: |Unrestricted funds
General fund
Restricted funds
Premises Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Premises Fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Premises Fund
TOTAL FUNDS|Incoming
resources
£
145,669
103,353
249,022
At 1.1.24
£
197,601
1,052,260
1,249,861
follows:
Incoming
resources
£
138,285
120,191
258,476||Resources
expended
£
(150,735)
(8,317)
(159,052)
Net
movement
in funds
£
(10,457)
113,752
103,295
Resources
expended
£
(148,742)
(6,439)
(155,181)|Movement
in funds
£
(5,066)
95,036
89,970
At
31.12.24
£
187,144
1,166,012
1,353,156
Movement
in funds
£
(10,457)
113,752
103,295| |---|---|---|---|---| continued... Page 12 Grace Church Falkirk ## Notes to the Financial Statements - continued for the Year Ended 31 December 2025 ## 11. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: |Unrestricted funds
General fund
Restricted funds
Premises Fund
TOTAL FUNDS|At 1.1.24
£
197,601
1,052,260
1,249,861|Net
movement
in funds
£
(15,523)
208,788
193,265|At
31.12.25
£
182,078
1,261,048
1,443,126| |---|---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |Unrestricted funds
General fund
Restricted funds
Premises Fund
TOTAL FUNDS|Incoming
resources
£
283,954
223,544
507,498|Resources
Movement
expended
in funds
£
£
(299,477)
(15,523)
(14,756)
208,788
(314,233)
193,265| |---|---|---| ## 12. RELATED PARTY DISCLOSURES During the year, the charity engaged Project Health and Safety Services Ltd to provide project management services at a total cost of £3,096 (2024: £924) in the period. One of the charity's trustees, Robert McDougall, is employed by the company as Operations Manager. The trustee was involved in the procurement process. The services were obtained on normal commercial terms, and the trustee received no personal benefit from the arrangement ## 13. RESTRICTED RESERVES Premises Fund :- Used for the purchase and providing of premises Page 13 Grace Church Falkirk ## Detailed Statement of Financial Activities for the Year Ended 31 December 2025 |Detailed Statement of Financial Activities
for the Year Ended 31 December 2025||| |---|---|---| ||31.12.25|31.12.24| ||£|£| |INCOME AND ENDOWMENTS||| |Donations and legacies||| |Non gift aided donations|38,697|53,576| |Gift aided donations|140,950|139,014| |Gift aid|28,942|34,103| |Cash|5,286|6,103| |Grants|7,000|1,264| |Investment income|220,875|234,060| |Deposit account interest|28,147|24,416| |Total incoming resources|249,022|258,476| |EXPENDITURE||| |Charitable activities||| |Trustees' salaries|54,776|64,900| |Trustees' social security|1,446|1,055| |Trustees' pension contributions|5,220|5,220| |Trustees' pensions paid|611|1,213| |Wages|6,349|-| |Pensions|48|-| |Rates and water|6,936|5,491| |Insurance|15,338|14,754| |Sundries|10,761|11,691| |Donations|14,510|5,601| |Catering|297|-| |IPC Church|12,300|15,000| |Youth & children|171|103| |Ministries|3,508|3,737| |Navigators|-|500| |Presbytery expenses|1,570|1,956| |Hall hire|3,525|2,475| |Music licences|340|328| |Training|2,000|-| |Rent|5,400|10,800| |Building repairs|3,654|3,605| |Depreciation of tangible fixed assets|7,946|4,684| ||156,706|153,113| |Support costs||| |Finance||| |Bank charges|66|80| |Governance costs||| |Professional fees|534|326| |Carried forward|534|326| This page does not form part of the statutory financial statements Page 14 Grace Church Falkirk ## Detailed Statement of Financial Activities for the Year Ended 31 December 2025 |Detailed Statement of Financial Activities
for the Year Ended 31 December 2025||| |---|---|---| ||31.12.25|31.12.24| ||£|£| |Governance costs||| |Brought forward|534|326| |Independent Examination Fee|1,746|1,662| ||2,280|1,988| |Total resources expended|159,052|155,181| |Net income|89,970|103,295| |||| This page does not form part of the statutory financial statements Page 15