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 discount￿1 al a marftet rate of intèrÈsl. Financial assets dassrfied as re￿¥a￿e 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[rar￿ment 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 an￿1}sed. Debt instruments are subsequenty * •Thybsed cosl. using the effe¢ai¥8 interest rate method. Trade ¢redrtors are (￿1￿jaI￿¥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￿ threcc0ri￿I kn the Churth's C￿rt￿￿1￿￿aI obliyalions wmre or are discharged or cartcelled. 1.10 Employee beneffts The cost of any unused holbjay entillew￿t is r￿nIS￿l in the pericxl In whth lh8 emtAoyee's Serv1￿ are rec￿ved. 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 thary*J 8s an expense as they fall due. Crill¢•l a¢¢ountlng ￿tIm3￿$ oTh1 Judgemonts In the ap￿ICal￿ of the Churc*'s acuunling wAiLies, the tnsstg9s are required to make judgernents, estimates and assumplNJns 8b(Krt the ￿rryIng 8mount of a￿ts and liabilibes that are not Tea(lily apparent from other sources. The estimates arKI aS￿lated 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. Re￿s10￿S to ac(y)un￿ng estimates are re(￿nI￿1 in the rwv>J in the estimale is revised where the revision affects onty that period. or in the pericr all qualty'ng employees. The assets of the scheme ￿ hold separatgty frcffi those of the Ctyjrch in an irNWenUy administer*J 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 0￿rise the Unex￿rthd 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 Y￿r. 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 assetslllia￿l1tseS> 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-