REGISTERED CHARITY NUMBER: SC051478 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2025 for Free Church Northern Presb Mackay & Co Chartered Accountants Unit 8 Golspie Business Park Golspie Sutherland KW10 6UB
Free Church Northern Presb Contents of the Financial Slatements for the Year Ended 31 December 2025 Page Report of the Trustees Independent Examinerfs Report Stalement of Financial Activities Balance Sheet Notes to the Financial Statements 6 10 11 Detailed Statement of Financial Activities 12 to 13
Free Church Northern Presb Re ort of the Trustees for the Year Ended 31 December 2025 The trustees 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). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC051478 Principal address Free Church Manse The Nurseries 28 Sallburn Invergordon Ross-shire IV18 OJX Trustees Rev J T Mann Rev E A Palerson Rev A MacAulay Rev l Allan {deceased 3.5.25) Rev R Macrae Rev A MacLeod (resigned 5.4.25) W Paterson Rev H Stone (resigned 31.8.251 Rev l MacAskill Rev C Macmillan Rev A MaGlnnes J Ross J Garvie J Hymers J H Mackay Prof J A MacLeod Rev J Taylor R Hannan A MacLeod M D Maclver Rev J R055 D MacLeod B Sutherland D Roberts Page 1
Free Church Northern Presb Re ort of the Trustees for the Year Ended 31 December 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner David A. Ross CA Mackay & Co Chartered Accountants Unit 8 Golspie Business Park Golspie Sutherland KW10 6UB Approved by order of the board of trustees on behalf by.. and signed on its Rev C Macmillan Trustee Page 2
Inde end nt Examiner's Re Church Northern Presb ort lo Ihe Trust sof I report on the accounts for the year ended 31 December 2025 set oul on pages lour lo eleven. Respective responsibllitl8$ of trustees and examlner The charitys Irustees are responsible for the prepaTalion of the aGGounts in accordanc* with the terms of the Charilles and Truslee Inve5trnent (Scotland) Act 2005 and tt)e ChaTibes Accounts (Scollandl Regulations 2006 las amended). The charitys Iruslees considBr that Ihe audit quirernenl of Regulation 10(1){a) to (c) of the Accounts Regulations does not apply. 11 is my r85ponsibj.lity to examine the accounts as required under Section 44111(¢l of the Act and to slate whether particular matlers have c£Jme lo my attenlion. Basls of the Independent examineys report My examination was carried out in 3¢COrdan vth Regul8Uon 11 of Ihe Charitios Accounts {Scotlandl Regulations 2006. An examination includes a review of the accounting rernrds kept by the charity and a comparison of the accounts presented with Ihose records. It also Includes consideration of any unusual items or disclosures in the accounts, and seeking eXanatiOnS from YOU 85 trustees conceming any such matters. The procedures undertaken do not provtde all the evidence that would be required in an audit. and consequentty I do nol express an audil opinion on Ihe view given by the accounts. Independ•nl •xamlner's Statément In connection with my examination, no matter has come to my attention . 11) whlch glves me reasonable cause lo believe Ihal, in any material respect. Ihe requiremenls to keep accounting records In accordance with Section 44(1lla) of thg 2005 Acl and Regulatlon 4 of the 2006 Accounts Regulallons: and to prepa accounls which accord wlth the accounting records and to comply with Regulatlon 8 of the 2006 Accounts Regulatbns have not been met,. or 121 to which, In my opinlon, attention should be drawn in order lo enable a proper understanding of the accounts lo be rea¢hed. Ja4.L. David K Ross CA The Instilute of Chartered Accounianl$ of Scotland Mackay & Co Chartere(J Accountants Unil B Golspie Business Park Golspie Sutherland KW10 6UB Page 3
Free Church Northern Presb Statement of Financial Activities for the Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Total funds Unrestricted Restricted funds fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 135,820 135,820 74,627 Investment income 26,365 26,365 18,481 Total 162,185 162,185 93.108 EXPENDITURE ON Charitable activities General 131,326 131,326 68,217 NET INCOME Transfers between funds 30,859 10,039 30,859 24,891 110,039) Net movement In funds 40.898 (10,039) 30,859 24,891 RECONCILIATION OF FUNDS Tolal funds brought forward 26,713 15,039 41,752 16,861 TOTAL FUNDS CARRIED FORWARD 67.611 5,000 72,611 41,752 The notes form part of these financial statements Pag8 4
Free Church Northern Presb Balance Sheet 31 December 2025 31.12.25 Total funds 31.12.24 Total funds Unrestricted Restricted funds fund Notes FIXED ASSETS Tangible assets 5,075 5.075 CURRENT ASSETS Debtors Cash at bank 5,959 59,174 5,959 64,174 1,970 50,115 5,000 65.133 5,000 70,133 52,085 CREDITORS Amounts falling due within one year 12,597) (2,597) (10.3331 NET CURRENT ASSETS 62,536 5,000 67,536 41,752 TOTAL ASSETS LESS CURRENT LIABILITIES 67,611 5,000 72,611 41,752 NET ASSETS 67,611 5,000 72,611 41,752 FUNDS Unrestricted funds Restricted funds 67,611 5.000 26,713 15,039 TOTAL FUNDS 72.611 41,752 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: A Maclnnes- Trustee The notes form part of these financial stalements Page 5
Free Church Northern Presb Notes to the Financial Statements for the Year Ended 31 December 2025 ACCOUNTING POLICIES Basis of preparSng the flnancial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance wilh the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies pparIng their accounts in accordance with the FinaF)cial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effeclive 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 (Scotlandl 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 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 aclivitlgs on a basis consist8nt with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 25 /0 on cost Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the Gharitable 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 6 continued...
Free Church Northern Presb Notes to the Financial Statements - conlinued for the Year Ended 31 December 2025 INVESTMENT INCOME 31.12.25 31.12.24 Rents received 26,365 18,481 TRUSTEES. REMUNERATION AND BENEFITS During the year Rev C Macmillan received £1,073.26 as an honorarium for his duties as Presbytery Clerk. Trustees. expenses In the year Ihe following Trustees were reimbursed for the expenses they incurred on behalf of the charity'.- Rev J T Mann Rev A MacAulay Rev J Ross Rev H Stone Rev C Macmillan Rev A Maclnnes 389.54 1.006.43 648.45 600.15 217.52 838.50 3 700.59 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 49,737 24,890 74,627 Investment income 18,481 18,481 Total 68,218 24,890 93.108 EXPENDITURE ON Charitable activities General 43,840 24,377 68,217 NET INCOME 24,378 513 24,891 RECONCILIATION OF FUNDS Total funds brought foNard 2,335 14,526 16.861 TOTAL FUNDS CARRIED FORWARD 26.713 15,039 41,752 Page 7 continued...
Free Church Northern Presb Notes to the Financial Statements - continued for the Year Ended 31 December 2025 TANGIBLE FIXED ASSETS Computer equiprnent COST Additions 6,767 DEPRECIATION Charge for year 1,692 NET BOOK VALUE At 31 December 2025 5,075 At 31 December 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 other debtors 5,959 1.970 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Bank loans and overdrafts (see note 81 Other creditors 7,790 2,543 2,597 2,597 10,333 LOANS An analysis of the maturity of loans is given below: 31.12.25 31.12.24 Amounts falling due wtthin one year on demand- Bank overdrafts 7,790 Page 8 continued...
Free Church Northern Presb Notes lo the Financial Statements - continued for the Year Ended 31 December 2025 MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.25 At 1.1.25 Unrestricted funds General fund Capstone fund Capstone Church 18,3631 35,076 3,595 8,130 (35,076) 36,985 3,362 27,264 64,249 26,713 30,859 10,039 67,611 Restricted funds NP Connect 15,039 {10.039} 5,000 TOTAL FUNDS 41,752 30,859 72,611 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund Capslone Church 10,617 151,568 {7,022) 1124.304) 3,595 27,264 162,185 (131,326) 30,859 TOTAL FUNDS 162,185 (131,326} 30,859 Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.24 Al 1.1.24 Unrestricted funds General fund Capstone fund 2,335 13,819) 28.197 (6,879) 6.879 (8.363) 35.076 2,335 24,378 26,713 Restricted funds NP Connect 14,526 513 15,039 TOTAL FUNDS 16,861 24,891 41.752 Page 9 continued...
Free Church Northern Presb Notes to the Financial Statements - continued for the Year Ended 310ecember 2025 MOVEMENT IN FUNDS - continued Comparative net rnovement in funds, included in the above are as follows-. Incoming Resources Movement resources expended in funds Unrestricted funds General fund Capstone fund 6,000 62,218 {9,819) (34,021) 13,819) 28,197 68.218 {43,8401 24,378 Restricted funds NP Connect 24,890 124,377} 513 TOTAL FUNDS 93,108 168,217} 24,891 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 31.12.25 At1.1.24 Unrestrlcted funds General fund Capstone fund Capstone Church 2,335 (224) 28,197 27,264 1,251 128,197} 36,985 3,362 64,249 2,335 55,237 10,039 67,611 Restricted funds NP Connect 14,526 513 (10,039) 5,000 TOTAL FUNDS 16,861 55,750 72,611 Page 10 continued...
Free Church Northern Presb Notes lo the Financial Statements - continued for the Year Ended 31 December 2025 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.. Incoming Resources Movement reSoUrS expended in funds Unrestricted funds General fund Capslone fund Capstone Church 16,617 62.218 151,568 {16,841) {34,021) (124,304) (224) 28,197 27,264 230,403 (175.166) 55.237 Restricted funds NP Connect 24,890 (24.3771 513 TOTAL FUNDS 255,293 (199.543) 55,750 10. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2025. Page11
Free Church Northern Presb Detailed Stslement of Financial Activities for the Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Total funds Unrestricted Restricted funds funds INCOME AND ENDOWMENTS Donations and legacies Donations Insurance surplus Presbytery dues NP Connect Cafe income Hardship income Capstone Givings Capstone Gift Aid Capstone Grants 68,539 {2.477) 13.723 68,539 (2,477) 13,723 36,403 (2,5691 7,969 25,751 3,073 4,000 1,898 1,898 42,682 1,455 10,000 42,682 1,455 10,000 135.820 135.820 74,627 Investment income Rents received 26,365 26,365 18,481 Total incoming resources 162,185 162,185 93,108 EXPENDITURE Charitable activities Wages Rates and water Light and heat Telephone Postage and stationery Sundries Honorarium Presbytery Clerk NP Connect expenses Commissioners expenses Travelling expenses Donations and gifts Cafe expenses Entertainment Cleaning Hardship expenses Repairs and renewals Adrnin fees Ministels expenses Carried forward 20,285 4,854 9,586 301 535 20,285 4,854 9,586 301 535 5.459 6,214 772 466 64 1,042 24,377 3,300 3,476 2,213 922 632 1,735 5,174 4,177 7,600 1.073 1,073 3,166 2,484 3,166 2,484 865 1.809 4,279 850 1,491 11,680 9,367 72,625 865 1,809 4,279 850 1,491 11,680 9,367 72,625 67.623 This page does not form part of the statutory financial statements Page 12
Free Church Northern Presb er Detailed Statement of Financial Activities for the Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Tolal funds Unrestricted Restricted funds funds Charitable activities Brought fonmard Outreach expenses Preaching costs Remittance to central funds Bank interest 72,625 1,340 250 30,736 42 72,625 1,340 250 30,736 42 67,623 104,993 104,993 67,623 Support costs Information technology Depreciation of tangible fixed assets 1.692 1.692 Governance costs Accountancy and legal fees Bookkeeping fees Legal fees 1,039 1.930 21,672 1,039 1,930 21.672 216 378 24.641 24,641 594 Total resources expended 131,326 131,326 68,217 Net income 30.859 30,859 24,891 This page does not form part of the slalutory financial statements Page 13