FRIENDS OF FARNELL I formerfy Frlends ol Fam611 Churthl Roport ond Flnan¢lal Statsm8nl¥lorthe year to the 31*t Decernber 2025 Sco¢¢lshChaTityNumb$rSC052325
FRIENDS OF FARNELL I lomedy Friends of F8in811 Church) Unaudlted Financlal Slaternentsforlhè b31XEkntrIQ5 CONTENTS Page Trustees, Report Indèpondenl Ex8mlner8' Report Stslpmenlof FinanclalA2tlvitlès Balance Sheel Notestolhe FlnanclalSl8lemenl8
FRIENDS OF FARNELL Trustees, Report Th¢ Tiustees present their report and financial statements for thè yèar lo 31st Dècember 2025. ThBy have adopted the provision5 ofthe Charities andTru$le8s and Investmenl{ScollandlAo120058nd thè ChariliesAccounlslScoll8ndlRegulalions2006la8 amended) and Accounting and Reporting By Charities.'St8temenl of RècommèndÉd Practlce applicable lo charili8s preparing theiT accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland publishèd cin 16 July 2014 Govérning Documènt Frfends of Famell ChUh was gIStered on 14th February 2023 89 8 Scottlsh Charitable Incorporated Organisatlon ISCIOI. The governing document bglng based on a model SCIO Constitution On the 24MI July 2024. having received the approval ol OSCR, lh8 Trustees passed a R6Bolulion , changing the narne of the SCIO lo Friends of Farnell Recrultment and Appointmentof Trustees Th8 SCIO has a slngle tier structure and as such the tSte0S are members of the Charity Curr•nt Tru8ts•8 ThaTrust88swho s8rvèd during w8r¢'. BN¢è C&sslord- Conv8nor Rhu McKelv8y John Ailken Idec'd-61h January 20261 Mark Cesslord Our Governance Structur• Durlng th• parlod und•r r•vl•w , th• Tru$tees havè bo¢n a¢tlv•ly con8ld8rlng tha seop• of the org8nl8atlon, seeklng to recrult addltlonal Tru81eeg In ord•r lo bon•flt from thelr Input . In order to develop a strategy that mlght bost achloV• th• oblectlv88 of the organ58811on. The Trusleas plan lo revlew the ongolng overall Slrolegy on an annu81 basls In 011 ol Ihl$ the Trustees are ably supported by the Acllng Secretsry- Mart Nash . Reglstered Office Whanland, Farnell, BTechln , Angus . DD9 6UF Charllablt Obl¢¢llvg$ 4ndAdlvlllo1 Our purposgs, ps 901 out in the Conglifvllon. are lo ralse funds by subscripllon and other approprfate m88ns to provid8 supp16menlary resources for the advancement of r91igion, the arts. heritage, culture or sclence. the provlslon of recreational a¢tiviliÈs, wllh the obleolive of Improving th6 conditlons of Ilfe for the persons for whom the fac1111188 or 8dvlllgs are primarfly intended.
FRIENDS OF FARNELL Statement of Trust8as' R8sponslbllltl8s It is the Trustees, responsibility lo prepare financial slalemen15 for each financial period which give 2 true and falr vlew of the stale of affairs of the charity and of any net incoming ResourcesllResourGes Expendedl of the charity for that period, In preparing those slatemants, the Trustees are required to: select suitable accounting policies and applythem Gonsistenlly,. observe the methods and principles in the applicable Chari118s SORP make judgements and 8Stimale5 that are reasonable and prudent., slate whether applicable accounting standards have been followed, subjectto any material departures disclosed and explalned In the financial statements., prepare the financial Statements on the going concern basis unles511 Is inapproprialeto presume that the ¢harlty WIIS conllnue In business-, Trustees Report The TTUStees are responsible for keeping proper accountlng records whlGh dis¢lose with r$asonable accuracy, al any Ilme the financial posltlon of the Trust and 1¢ enable them to ensure that the financial s131emenls Gomply wllh the Charities and Trustee Investment Iscolland) Act 2005 and the Charities Accounts (Scollandl Regul8tlDns 2006.las amended) They are a150 responslble for Safeguarding the assets of the charity and h¢nce for taking reasonable steps for the prevention of fraud and other irregularities. PrlncSpal Actlvltles The mission of the Charlty is to raise fund8 for good causes In and around the parish of Farno11 and the wider locality Résults for theyèar to 31$1 December 2025 Durlng the year the charlty ralsgd £571 of Incomo by way of donatlons and fund ralslng actlvltles . £152 of eXndIture was Incurred , of whlch £150 was a donatlon to a lo¢al charlty . Audlt The Tru¥lee$ Gonsidered that the audlt reqviremenl of Regulation 10{11{al to Icl of the Accounts regulallons do not apply. Susan Boag has been appoinlod 88 the independent examiner. Thls report was approved bytheTruslees Qn- .. and signed on th ehalf by- Bruce Ce88ford Trustee
FRIENDS OF FARNELL IndeFEndent Exarninarfs ReporttotheTrusl8e8 I report on the accounts forthe yearto 3181 Decembèr 2025 set out on pages 4- 9 Respective Responsibilities of TTUStee8 and Examlner The Charity's Trustees are responsible for th8 preparatlon of accounts in accorddncg with the te8 of the Charilios and Truste8 Inv88lmenl Iscollandl Act 2(5 and the Charities Accounts (Scotlandl Regulations 2006, The Charivs Trustees conslderthallhe audil r8quiremént ol Regulation 1011llalto Icl of the Accounts RBgulalion8 d088 not apply. It is my responslbilily lo examlne tha accounts as rtsquid under Secuon 441111¢) ol the Act and to stale whether particular matlers hav8 corne lo my allenllon, easls of the Independent ExamlneT'8 Report My examinalion was carried out accordance with Regulallon 11of Ihe Charities Accounts (Scollandl Regulallons 2008. An examination inclvdes a rgvièw of tha accounting record8 kept by the Charlly and a comparison of the accounts presented wllh those records. 11 a160 includés consideration of any unu8ual items ordl8Glosurgslnlhe8cwunls, ands88king explan8llons froffl youasTrusteesconceming such matters. The proc8dur8sundert8ken do not pfovlde all Ihe evidèncè Ihat would be required in an audll, 5 not &xprègs an audlt opinion on tha viewgiven bylhe8c¢ounls. Independent ExamlneV$ Slalemgnl In connection wlth th8 examlnatlon, no matter h05 come lo my altenllort.. 11 I whlch gSves me re8sonablg couse lo bellev$lhal, In any m818rfBI aspect, Ihg r8qulr8menls to keep ¥ccounling records In 8c¢ordance wllh Section 4411llal of tho 2005 Act and Regulation 4 01 the 2006 Accounts Regul8lion8,' and lo preparo o¢¢ounts whlch accord wllh the accounllng CordS and to comply wlth Rggulatlon 8 ollhe2006Ae¢oun18R8gulollons hovg not been mel,. or 12> lo whlch, in my opinion, attention Should be drawn In ordw lo enable a proper und8rstandlng of the accountslp bg ropohoJ. Susan B08g Edzell Angus DD9 7SY Oale..
FRIENDS OF FARNELL Soction A Statomont of flnanclal actlvltles Ilncludlng Summary incomè and expenditure a¢¢ountl R•strlcted Sncome funds Prior year fund Unrèstri¢t#d funds Endowmant fvnds Total funds Recommondèd cat•gorl•s by actlvlty Income INote 31 Income and endowments from: F01 F02 F03 F04 FD5 Donations and legacies Charitable activities soi S02 291 230 1677 1111 230 Other tradlng activities S03 Investrnents S04 Separate malwial item of incom8 S05 Other S06 Total Exp•ndltuM (Notes 81 Exp•ndltur• on: Ralslng funds Charitable activltles Sep8r8tg mg1gri81 èxpense Item Othèr S07 521 50 571 2788 S08 S09 S10 150 S11 S12 546 S46 Total 152 152 Not In¢omollexpondllur•l bor• tax for tha roportlng p•rlod S13 369 so 419 2242 Tax payable N•t Incomel{expendlturel after tax before Investment g•ln8111088081 Net gain51llos5esl on Inve51menl8 S14 S15 369 50- 419 2242 S16 Net In¢om#lloxpendllur•l S17 369 419 2242 Extraordlnory Il•m$ S18 Transl•rs b•tw••n fund8 Other recognlsed galnslllossesl: Gains and losses on revaluatlon DI flxed assets for the charity'6 own use S19 S20 Othergalnslllosses) S21 Net movgnT8nt In funds S22 369 50 419 2242 Reconclllatlon of funds.. Total funds brought forward Total funds Garried fornard S23 S24 2242 2242 2661 2611 50 2242
FRIENDS OF FARNELL Section B Balance Sh¢¢t R88tricte incomè Total thl year Total ast y•#r Unrestrlcted funds Endowment funds fund$ Flxed a55et$ Intangible #ss*t$ INote 15} Tangiblè as$¢t$ (Note 14 H8ritag• 8ss•ts F01 F02 F03 F04 F05 801 B02 161 B03 Inve$t¥ll8nt5 (Notè 171 B04 Total flxed assets B05 Current as8ot8 Stocks 181 Debtorn (Note B06 (Not• B07 Investments (Note 17.41 Cash at bank and In hand (Note 241 808 809 2611 50. 2681 rot•l current •$s•ts 810 2611 2661 Cr•dltors: amount8 lalllng duo wlthln one yoar (Not• 20) 811 Nel curren¢ as$•ts/(Ilabllltlgs) B12 2611 so 2661 Total ass•ts l•ss currgnt Ilabllllles B13 2611 so 2e61 Credllor8'. amounts falllng due after one year (Nolo 201 B14 Provlslons for118bllltl8s 815 Tot81 n8t assets or liabilitiès B16 2611 2661 Funds of thé CharSty Endowmgnt funds {Note 2YI Restrlcted Income funds (Note 271 B17 B18 50 50 Unrestrlctod funds B19 2611 2611 Revaluatlon reserve B20 Falr value reserve 821 Total funds B22 2611 2661
FRIENDS OF FARNELL Ncslèsto tha Financial Stslementsforthe year to the 31st Decembèr 2025 ACCOUNTING POLICIES A¢Gounting Conventlon The flnanci81 st81&menls havebeen prepared under the hlstoilcal Gosl convenon, with items cogrzed at C05t or transaction value unless oth8NAs8 8tai8d In tha relevant notelsl lo Ihese accounts. The finan¢lHI stslements have been prepared In accordance wlth the Statem&nl of Re¢offlmded Practice.. Accounllng and Reporbng by Charftles pr8parlng thelr accounts In aCcOrdaTh ¥th the Finantyal Repcrfting Slatetnenl applicable in the UK and Republic of Ireland IFRS 1021 issued on July 2014 and tha Financlal RepoTting Slantlard 8ppllcab1e In the United Kingdom and Repvbli¢ of Ireland IFRS 1021, ihe ch8rits.es ar¥J TN51ee Itweslm?nllScolSandl Act 2005 and the Cbarilles A¢couni$ IswlarKII R8gul8llons 2006185 amended) R•rvnGlll3llpn wlth pr8vlou$ Gènprally Accepted Ac¢ountlng PraGtic In preparlng Ihe accounts. the truslees have corbsidered whether lrt Py4n9 the 8ccounting poli¢ie$ requlrad by FRS 102 and th? Charitie5 SORP FRS 102 a restatement of ¢ompara15ve Items w85 needed . No tastalements were required . No adju6tmefjis bav8 been made to prevlouDly reporl8d Income Incoming Resources All Incomlng resources are Included on the Ststement of Finandal AcllvllleB when the chadty legoly enllU¢d lo the Income and the amount cars be quantlfied wllh reasonabl& accur0Cy. Ra80urc08Expend•d Exp8ndilur8 accounted for ors an accrual b281& and has been clJssified undar headings that aggrBggto costs relatedlo the category. Wh8r8 costs cennot be dlrectly atln'buled lo parllcul8f headings Ihey have been Blloroled to aclfvltl85 ons basls conslstenl vAth th•uBe of ther050ur¢es. T•x?Uon Unre$iii¢ted fund$ canbe*Js¢dln Occordanc&t th• ¢harftable obiec¢lves at the dl8wllon ofihe Tru$lee$. Resldcled funds can only bè u$•d for p8rtl¢ular r•$Irled pu081$ ¥thIn th& objec15 Df the ¢harfty. Re8tr1ctbns arlBg when sperlfled by Ihv doy[ or whenfunds ore raised for p8rtbJlar r&$tri¢ied purp0888.
FRIENDS OF FARNELL S6Gtlon C Notes to th8 accounts l¢ont) Note 3 Incomo Rostricted income funds Andly51$ of Incom9 Unr8stiict8d funds Endowmenl fund8 Total funds Prlor year Donations and 18gacl88: Donations and gifts Gift Aid 50 341 1677 Legacies General gran15 prowded by gOV@rnmenVolhBr charillBS Membership subscriplons and sponsorships which are in substance donatio Donated good$, faeilitie$ and 5eM¢e$ Other Total 291 50 341 1677 Charlt4b Fund Ra151ng 230 230 Total 230 230 Othor tTadlTrg 4Gtlvltl•s'. Olh•r Total S21 $71 2788 In¢cm• from Inv•8tm•nt8'. Int¢$t In¢om¢ Dlvldend income Rental énd188slng Income Olh8r T¢x•I $•par•i• mat•rlal It•m of In¢omt* Total Other.. Converslon of endowmeni funds Into Income Galn on dlsp0881 of a tangible fixed asset held forcharity's ow) use Galn on dlsp08al of8 progr8mmè r8181ed invE51mEDI Royaliies from the eiploitslK>n of Inlellectual propety rfgM8 Olher Total TOTAL INCOME 521 50 571 2788 FRIENDS OF FARNELL
Section C Not¢s to the accounts {cont} Note 6 Expendlture Restricted income funds An&lysis of expenditure Unr8strlcted fund5 Endowment ftEnds Total funds Prlor year Expenditure on charltab16 a¢tivlti8$'. Personnel Costs Telephone Altrlbuled costs Trainin9 Costs Research Costs Donations 150 150 Trav81 and Subsist&nce Workshop and event costs Conference Costs Runnlng and Office Costs Paypal Costs Bank char9e$ Insurance Website Costs Subscriptions and Fees Merchandiso Inel of stock ad'ustmenl 540 Total oxp•ndStur• on ralslng funds 1S2 152 546 Separat• m8t¢rlal Itom of expen¥0 Total Govornance C08ts Trustees, Expenses Accountancy Total other expenditure TOTAL EXPENDITURE 152 152 546
FRIENDS OF FARNELL S¢¢tlon C Notes lo the accounts Icontl Note 14 Tanglblè fixed assets Please complete thls note If th8 charity h4s any tanglble fixed as¥e¢s 14.1 Cost or valuatlon Freehold land & buildings Other land & buildings Plant, machlnery and motor Vehiclès Flxtures, flttSngs and aquipment Total At thè b8glnning ol Iha yèar Additions Revalualions Dlsposals Tr8n8f8rs' At end of the year 14.2 D•pr•clatlon and Impalrm8nl• 'B#$l$ SLorRB SLorRB RB RB SLorRB Rat? At beginninB of Ihè year Dl$posals Depreclallon Impalrmenl Transfers. Al end of the year