CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 A¢counUng polld {ContinU) Baslc flnan¢ial assots Basic financial assets. whit indude debtots and ¢xsh and bank balances, are inthally rrEasured at transactM)n price indudiThJ transaclion cDsts and are subsequenfy rried at amortised cost using the effectsve interest rneth LSnless arrarK)nl constiiules a finarring transaction. where the transaction is measured at the present value of the frjlure receipts discount1 al a marftet rate of intèrÈsl. Financial assets dassrfied as re¥ae within one year are TK)t aThv)rlised. Bask Ilnanclal Ilabllld•s Basic ffinarrial liabilits"es. induding fftditOTS arn1 bard( loans are inth15y recognised at transadion price unless the a[rarment constitLttes a financiThJ transaCtff. vthefy the debt Énstrument is measured at the present value of the ftrture payments dis(xxJnted 8t 8 market fate of interest. Finanaal liabilibes dassifth a5 payable thin one ye8r are rn)t an1}sed. Debt instruments are subsequenty * •Thybsed cosl. using the effe¢ai¥8 interest rate method. Trade ¢redrtors are (1jaI¥ns to pay for g(Kxts or services that have been ac)4uired in the ordinary ujurse of opÈrati(M)$ from suppii8rs. knunts payable are dassified as olrrent liabililies rf payment is due Trmthin one year or less. If they are presented as nwjireni liabilÉties. Trade creditors are recognised initsally at transatXi(m pri( and sutwuentty nwsured at amcKbsed c05t UswMJ Ihe effectwo interest meth&J. Dere¢ogni¢ion of ffnan¢ial Ilal)Mltles Financial Itabilths a threcc0riI kn the Churth's Crt1aI obliyalions wmre or are discharged or cartcelled. 1.10 Employee beneffts The cost of any unused holbjay entillewt is rnISl in the pericxl In whth lh8 emtAoyee's Serv1 are recved. Temiination benefits are re(xwised as an 8xper when the Church is demonstrably committed to temmnate the empknyment of an empknyee or to rKovide termination beneffts. 1.11 Retirement benefits PoyThnts to defined contkn retirernent benefft sthemes are tharyJ 8s an expense as they fall due. Crill¢•l a¢¢ountlng tIm3$ oTh1 Judgemonts In the apICal of the Churc's acuunling wAiLies, the tnsstg9s are required to make judgernents, estimates and assumplNJns 8b(Krt the rryIng 8mount of ats and liabilibes that are not Tea(lily apparent from other sources. The estimates arKI aSlated astrJJmptions are based ¢)n historical experience and other factors that are considered to be relevanL Actual results may diffw from these estimates. The e5timate5 arwj underlyiry 8ssumpl¥M are reviowed on an onwng basis. Res10S to ac(y)unng estimates are re(nI1 in the rwv>J in the estimale is revised where the revision affects onty that period. or in the peric<l of the rewis*)n and fulure WKXJS where the rOn affects both cjjrrenl and fijture
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2026 Totsl nds 2026 lunds 2026 funds 2025 funds 2025 2026 2025 Donatiorts and 9ts Grants 22.123 78.862 71. 21.345 92.705 6.400 62.339 22.123 84.462 7T.7FKI 21.345 99.105 Donations and gifts Weekiylopen offbrings Donations Income tax recJ)verable on GA dOnati(S Manna Proieci RNLI comection 13.665 13.665 52,W3 11,826 49.932 1.055 7,927 12.881 57.859 18.083 9.154 9.154 3,840 200 9.602 9,602 12.163 200 12.163 200 22.123 78,862 71,360 21,345 92.705 Grants Central Baptist Church 6.400 Unrèstricted Unrestrictsd funds funds 2026 2025 Hall rent 2.860 1.210 In¢omo from Investments Restrf¢tsd Restrlcted funds fund$ 2026 2025 Interest recable 326
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Charitable actFviiI•s 2026 2025 Ministers Stipend & Pengon Depreciation and impairment Ministers Mileage. Telephone & OtherAUcMa Mans8 Rent & Rates Insurance Heal & Light Repai Pulpic Suppty Licence Fees & SubsW¥ Donations ProfessiC21 Fees FellowshÈp Fund Sunday Sthool & Chiktren5 Outreath Sundries Manna project Othef chant8ble exper1re 25,253 20,148 2,316 779 13,193 1,306 2.403 150 13,454 1,176 1.966 10.695 897 391 9.391 330 371 428 479 4.624 12 615 1,518 10 351 71.849 111,928 1,2W) 1.230 73,139 113,158 Analysis by fund Unreslricied funds 64.041 9.098 73,139 Forthe year ended 31 Marth 2025 Unrestricted funds Rgstrthd funds 95.721 17.437 113.158 N•t movemenl In funds 2026 2025 The net movement in fvnds is stated 8ft8r(th8rgl(¢X8dtlIJl. Fees payable the irthpendent examinatKffb of the o*ariVs financial stslements Depr8¢Aal ofowned ts1¥JIb fixed assets 1.290 2.232 1.230 2,316 10-
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Df John TcAler r3 a Trustee of C*noustie Baptist Church. Carnwsbe. In the year he r8c8ived stipond of £20.060 12025: £17,1tKIl and perfyon contributions 01 £5.193 {2025: £2.6461. He 81$0 recewj Mil&ag8, TeleplM)ne and Pulw suth expenses of £149 {2025: £779}. Employwi The avery nK)nthty number emkloyees duriTrJ ts ye¥ w: 2026 Numbor 2025 NumlJeT Employm•nt ¢03ts 2025 Wages and sala5 20,1 5.1¥J 17.502 2.646 25.253 20,148 10 Taxation The tharity is exempt from tation cffl its because am its wwne is appld fr)r tha11tsb PLEfp0888. 11
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 11 Tangible fixed amèts Iiitings Cost At 1 April 2025 Addilions 14.240 9.673 16.149 30,389 11,256 At 31 March 2026 23.913 17,732 41.645 D•pr•¢latlon and ImpaIrnnt At 1 April 2025 Deprecialion thar9 in the year 2.828 2,232 2,828 2.232 At 31 Maich 2026 Carylng amount At 31 March 21Y26 23.913 12,672 36.585 At 31 Mar¢h 2W25 14,240 13.321 27.561 12 D8btors 2026 2025 Amounts falllng duo wlthln year. Other debt 1.514 1,122 2,769 1.062 2.636 3,831 13 Cr•dltors: amounts falling due T*tthin y•ar 2026 2025 Other taxation and social SUrity Other creditor5 Accruals and deferrwj irn¥)ff 419 2.750 1.718 251 2.941 4.887 3.256 14 Cr•dllors: amounts falllng after moro than one year 2026 2025 12.395 25,895 12-
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 5.193 2,646 Thè Churth operates 8 defined pension s(eme ft>r all qualty'ng employees. The assets of the scheme hold separatgty frcffi those of the Ctyjrch in an irNWenUy administerJ fund. 13-
•X 141 ¢*rg ¢ry(00
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2026 17 Unrn5tr1¢t•d fimd$ The unrestricted funds of the tharity 0rise the Unexrthd baJanc*s ofth)natk)ns and grants which are not subject to speufic conditions by donor5 and grantor5 as to h(rw they may be used. These include designated funds which have been set asKle cMJt of unre8tnC fvnds by the trustoes for speofic purposes. Al 1 April Incihming Resour¢es Transfern At 31 March resources wendod 2026 General FurNts 11.3 65.199 164.0411 12.458 Plevlous Yr. At 1 April Komlng Resour¢es Transfers At 31 March 2025 Gertreral Funds 25.165 78.970 195.7211 11.300 18 Anatysls of n•t assets funds Unrestrlcted Rostricted funds funds 2026 2026 2026 At 31 Ilarch 2026: Tangible assets Current awtsl{liatxlihes) Lorwj tèm liabdilies 36,585 25,508 112,395} 111.7321 (12,395) 37.240 12,458 37.240 49.698 Unr¢stricted Restrict•d funds funds 2025 2025 Tot41 2025 At 31 IAarch 2025: Tangible assets Currgnl assetslllial1tseS> Long temi liabililies Zl,561 9.634 {25,895) 27.561 33,797 125,8951 24.163 11.300 24,163 35.463 19 Related party transactions There were no disck)sable rekted Forty trans8di( durirwJ the year {2025. none). 15-