YOKER EVANGELICAL CHURCH ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 REGISTERED CHARITY NUMBER: SC001118
YOKER EVANGELICAL CHURCH CONTENTS Page Eldership and Professional Advisers Eldership Report 2to5 Independent Examiners, Report statement of Financial Activities Balance Sheet Notes to the Accounts gto15
YOKER EVANGELICAL CHURCH ELDERSHIP AND PROFESSIONAL ADVISERS REGISTERED CHARITY NUMBER SC001118 BANKERS CAF Bank Ltd. PO Box 289 Kings Hill West Malling Kent ME194TA INDEPENDENT EXAMINER elson ilmour Mercantile Chambers 53 Bolhwell Streel Glasgow G2 6TB
YOKER EVANGELICAL CHURCH ELDERSHIP REPORT FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ORGANISATIONAL STRUCTURE The objects of the Church are the preaching and teaching of the Gospel and the Scriptures to old and yourtrJ, and of the doctrines of the Church. At the Annual General Meeting of the Church the membership elect or re-elect Paslor, Administrator, Treasurer, and the Eldership consisting of these offi Bearers and not less than three other members. Wrth regard to the Offi of Pastor, re-election will be assumed, without any fonnal decision to that effect, unless the members or the serving Pastor give notice of their unwillingness to support re-election, for whatever reason, and such notice shall be given at least six months previously at a meeting of the Church. The Elders lake all dec delegated to the Pastor, induction and training of neiN elders. rn the Church. Day to day pastoral care is e existing elders are responsible for the LEGAL AND ADMINISTRATION DETAILS Yoker Evangelical Church is govemed by a Constitution last amended on October 2019. A Scottish Charttable Incorporated Organisation (SCIO) was incorporated on 22 March 2023 Cfoker Evangelical Church, SC052428) and the assets of the Church were transfeed to this as of 1 April 2024. The Office holders set out below have held Offi during the whole of the period from 1 April 2023 to the date of this report unless othepwise stataj. REVIEW OF FINANCIAL POSITION The Church had a surplus of £342,744 for the year {2023'. deficit £9,689) and this has been transferred to reserves. The Church received legacies of £363,280 duiing the year. These have been designated for the renovation of the church building which stsrted in April 2024. £23,946 was spent on the renovation in the year ended 31 March 2024. An additional £507k has been spent subsequent to the year end in the new SCIO and this spend has been paKI for out ofthe legacies reived, other reserves of the Church and donations in the new SCIO. The principal source of funding is donations (including legacies) Both the level of activity and the year end financial posrtion were satisfactory.
YOKER EVANGELICAL CHURCH ELDERSHIP REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 DEVELOPMENTS. ACTIVITIES AND ACHIEVEMENTS In this past year we have continued to glow logelher. Much of this year has been focused on planning our renovation,. to improve the building, increase our capacity and fix various rLX)f and structural problems. We had a huge shortfall in funds for the work required but were hugely blessed by a large bequest which makes our plans viable, the work will begin in April 2024. Though our building is important, we remembèr thal our focus remains to love and serve our community and one another as we grow together with Jesus. We meet on Sundays to Worship God and to be challenged and encouraged by the Bible. Our other midweek ministries continue to help Christians to grow in their relationship with God, as well as to prodaim the good news of Jesus to those who do not yet follow him. Below our ministries are grouped into two categories. Church Disci leshi Ministries: Sunday Morning Worship servi wrth Sunday Schwl for children Sunday 5pm servi with meal together afteThvards. Midweek Meeting - This is etther a Prayer Meeting or Visrting Speaker. Saturday cOnferenS - On a month through the winter. We continue to encourage more infomial discipleship. Encouraging people to meet with friends lo study the Bible and pray. Commun. focused ministries As a church we want to tell people about Jesus al the same time as being a positive presence in the community. The ministries wth this focus a. Café Emmaus The Women's Meeting Church Youth A Toddler Group called 'Noah's Atk.. School Chaplaincy - Knightswood Secondary and Ctyde Primary All of this we do for the Glory of God and for the go(Kl of Yoker and the World.
YOKER EVANGELICAL CHURCH ELDERSHIP REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ELDERSHIP RESPONSIBILITIES FOR THE ACCOUNTS The Eldership are required to prepare accounts for each financial year which give a true and fair view of the slate of affairs of the Church and of the sutplus or deficit of the Church for that year. In preparing the accounts. the Eldership are required to: Select suitable accounting policies and appty these consistently" Make judgements and estimates that are reasonable and prudent. State whether applicable accounting stsndards have been followed, subject to any material departures disclosed and explained in the accounts" and Prepare accounts on the going COnM basis unless tt is inappropriate to presume that the Church will continue to operate. The Eldership are responsible for keeping proper accounting records which disclose with reasonable accuracy atanytime the financial position of the Church and to enable them to ensure that the accounts comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safe-guarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities RISK MANAGEMENT The Eldership has assessed the major risks to which the Charity is exposed, in particular those relaled to the operalions and finances of the Church and are satisfi8 that systems are in place to mitigate our exposure to the major risks. INVESTMENT POLICY The Eldership has considered the rnost appropriale policy ft)r investing funds and has found that an interesl bearing deposrt account gives the level of securty and flexibility that the charity currently requires. RESERVES POLICY The Eldership has established a policy whereby the surplus on the General Account, the Missionary Account and the Special Purposes Account should be disbursed each year. The decision as lo how the fiJnds should be disbursed is taken at the Annual General Meets'ng. The Eldership believes that they have sufficient regular income to support the core activities of the Church. Monies reiVed in excess of this allow the Church to support missionary work throughout the world. The free reserves (excluding amounts invested in fixed as*ts and those designated for other purposes) of the Charity amount to £32.822 {2023.. £67.912).
YOKER EVANGELICAL CHURCH ELDERSHIP REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER as appointed as Independent Examiner for the ensuing year. Approved by the Eldership on 11 November 2024 and signed on their behalf by: Elder and Trustee
YOKER EVANGELICAL CHURCH INDEPENDENT EXAMINERS, REPORT TO THE ELDERS YEAR ENDED 31 MARCH 2024 I report on the financial statements of the charity for the year ended 31 March 2024 which are set out on pages 7 to 13 Respective responsibilities of elders and examiner The Charity's elders are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment {Scollandl Act 2005 and the Charities Accounts {Scotland} Regulations 2006. The charity's elders consider that the audit requirement of Regulation 10111 (d) 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 stale whether particular matters have come to my attention. Basis of independent examinerfs statement My examination is 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 financial stalements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the elders Conrning 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 financial statements. Independent examiner's ststement In the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in any material aspect the requirements.. to keep accounting records in accordance wilh Section 44{11(al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or 2. lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Independent Examiner Nelson Gilmour Smith 53 Bothwell Street Glasgow G2 6TB r21111
YOKER EVANGELICAL CHURCH statement of Flnanclal Actlvities For the year ended 31 March 2024 2024 Totsl Funds 2023 Tolal Funds Unrestricted Funds Restricted General Other funds Funds Note Incom8 and Expendlture Income and endowments from: Donations Legacies Interest Other Total Incomlng resources 13,575 363,280 5,744 72,139 76,203 363,280 25,000 5,744 834 58,564 382.599 441.163 102,037 Expendlture on: Charltable activities Direct charitable acb'vity Support costs Total resources expended 21,762 1,020 22,782 75,837 97,399 110,766 1,020 960 98,419 111,726 75,637 Net Incomlngl{outgolngl rosources for year Net transfer5 between funds Net movement In funds 35.782 3(K.962 70,872 70,872 (35,090) 377,834 342,744 (9,689) 342,744 (9,689) Fund balances brought forward at beginning of year 67.912 286,460 354,372 364,061 Fund balances carried forward at end of year 32,822 664,294 697,116 354,372
YOKER EVANGELICAL CHURCH Balance Sheet As at 31 March 2023 Note 2024 2023 Fixed assets 184.314 165,964 Current assets Debtors Cash at bank and in hand 10.619 503,430 514,049 13,607 175,761 189,368 Credltors due < 1Year Creditors 1,247 960 Net current assets 512,802 188,408 Nat assets 697.116 354,372 FINANCED BY:_ Unrestrlcted Fund Other Funds - Fixed Asset - Other General Fund 10 10 184,314 479,980 32,822 165,964 120,496 67,912 697.116 354,372 Restrlcted Funds New Building Fund 697,116 354,372 Approved by the Eldership on 11 November 2024 and signed on Iheir behalf by Treasurer
YOKER EVANGELICAL CHURCH Notss to the Accounts Year ended 31 March 2024 General infomiation The Charity is an unincorporated organisation for public Fnefft regislored as a charity in Scotland. The address of charity is 2420 Dumbarton Road, Glasgow. G14 OQL statemant of Complianc The financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republrc of Ireland., the Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102}{Charilies SORP (FRS10211 and the Charities and Trustee Investment (Scolland} A¢t 2005 and the Charilies Accounts IS(x)tland) RegutionS 2006 las amended). Accounting Policl8s lal Going concorn A Scottish Charid)le Incorporated Organisation {SGIO) was incorwated on 22 March 2023 (Yoker Evangrlical Church, SC0524281 and the assets of the Church were transferr lo this SCIO as of 1 ri1 2024. (b) Disclosure exemptions The entity satisfies the criteria of tng a qualing entity as defined in FRS 102. - No cash flow statement has been presented for the ch8rtty {c) Judgements and key sources of estimation uncertainty The preparation of the finanaal statements requi5 management to make judgements, estimates arml assumptions that affect the amounts reported. estimates and judgements are corrtinually revvd and are based on experience and other factors, including expectations of fijture events that are belreved lo be rea80n8ble under the circumstances. {d) Incoming resources All incoming resources are included in the statement of financial actwiknes when enlitlement has passed lo the charity. it is probable that the econom beneftts associated wth the transaction will flow to the charity and the amount can readily be measured. (e) Resources expended Expenditure is recognised on an accruals basis 88 a Ikqbilty is incurred. Expenditure includes any VAT which cannot be recovered, and is classrfied under headings of the statement of financial activriS to which it relates.. expenditure on raing funds includes all inve5trnent management costs. expenditure on charitable a¢tNities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs relating to govemance of the Charity apportioned to charitable activities. Governance costs comprise the indendent examination, legal advice for Tiustees, costs associated with constitutional and statutory requirements 8nd Strateg management throughoul the year.
10 YOKER EVANGELICAL CHURCH Notes to th• Accounts (Continued) Year ended 31 March 2024 Accountlng Poll¢ies (contlnuedl lfj Fund Accounting Unrestricted funds are avai18ble for use at Ihe discretion of the Iwslees in furtherance of the general objectives of the charity. Designaled funds are unresthcted funds earma* ty the trust for paUJIar future project or commitment. Reslricled funds are $ubje¢ted to restrictions on their expenditure imp)sed by the donor orthrough the terms of an appeal. (g) Fixed Assets Buildings constructed on leasehokl larKI are induded at cost and depreaated over the shorter of 50 years and the remaining life of the aSe. Historrcalty equipment and furniture have been written off to the income and expenditure account in the year of acquisition. In future all additions over £1,000 wtll be capitalised. (h) Depreciatton Depreciation is cakulated to write off the cost ths estimated residual value of fixed assets on a slraighl-line basis over Iheir estimated usefijl lives. Depreciation has been charged as follows.. Leasehold Building 2% Fumiture & fittings 20% (l) Penslon costs The charity provides for a defined conlributh)n pens scheme for employees. The assets of the scheme are hehj separatety from those of the charity. The annual o)ntribLrtions payable are charge to the Statement of Financial Aclivty. Direct Charitsble Activity Expenditure Includes: 2024 2023 IAII expenditure relates to one actNty) Gifts (see note 12) Speakers & Singers Eldership remuneration Pastovs salary Paslols penon Pastorfs Assistant's salary Pastorfs Assistant's pension Adminislratovs salary Ernployers Nl Electri(xty Repairs Depreciation 12,728 2.743 12,407 3,277 G Ferguson 31,626 949 25,301 759 6,597 636 3,384 364 5,596 1,006 9.105 273 6,997 E Goodall J Br¢ywn 312 5,596 The average number of employees during the year vR$ 2.5 {2023: 31. No employee received remuneration of more than £60.CKKI. mem1$ of the Eldership do not receive remuneralTron for Servi rer)dered as Elders. Remuneralion is paid to the Pastor, Pastovs Assistant. Administrator and members of the Eldership for pastoral and adminstralive Services provided (see above}.
11 YOKER EVANGELICAL CHURCH Notes to thè Accounts {Contlnved) Year ended 31 March 2024 2024 2023 Support costs IrKlependenl examination fee Accountancy fee 1,020 960 Flxed Assets Leasehold building$ New Buildir*Jl EXtenSn Renovation Furniture & Fittings Total Cost As at 1 April 2023 Additions As at 31 2024 279,815 2,593 282,408 23,946 306,354 23,946 23,946 279,815 2,593 Depreciation As at 1 April 2023 Charge for year As at 31 March 2024 113,851 5,596 119,447 2,593 116,444 5,596 122,040 2,593 Nel book value at 31 March 2024 160,368 23,946 184.314 Net book value at 31 March 2023 165,964 165,964 Debtors 2024 2023 Amounts duewithin one year.. Income Tax Receivable 10.619 13,607 Creditors Amounts due wthin one year.. Independent examinalK)n fee Pension 1.020 227 47 960
12 YOKER EVANGELICAL CHURCH Notes to the Accounts (Continued) Year ended 31 March 2024 Restrided funds 2024 Ban @ 31 Mar 2023 Balance @ 31 Mar 2024 Inme Expenditu Transfers New Building fund 2023 Balance @ 31 Mar 2022 Balance @ 31 Mar20232 Income Expenditure Transfers New Building fund 10. Unrestricted funds 2024 Balance @ 31 Mar 2023 Balance @ 31 Mar 2024 Income Expenditure Transfers Fixed Asset funds Extension New Building Renovation 22,256 143,708 (1.712) {3.884) 20.544 139,824 23,946 184,314 23,946 23.946 165,9fA 5,596 otharfunds McGregor Trust Building mainlenance Special purposes Missionary Media Ministry PrEe8 Social fvnctions Sunday School project Mrss Gibson Bequest Salary Inland revenue Unused legacy Renovation Fund Children's Misslon Women's meeting Sunday Sch1 Special projects Café Emmaus Noah's Ark 459 13,731 459 13,539 120 734 2.945 (312) {818) (11.529) (23) (2011 (2,520) 84 8.584 147 130 70 6.099 225 131 {3,579) (225) 267 (41,2701 (10,9281 41,003 11,155 1369.024) 373,818 227 369.024 915 ,892 465,625 1,439 188 {1,370) (412) (69) 224 (15.0001 {45) 1131 46,926 70,872 15.000 519 315 382,599 58,564 1474} {1841 0,041 (22.782 98.419} 120,496 67,912 479,980 32,822 69 Goneral Fund
13 YOKER EVANGELICAL CHURCH Notès to tho Accounts (Continued) Yèar ended 31 March 2024 10. Unrestricted funds 2023 Balance @ 31 Mar 2022 Balance @ 31 Mar 2023 Income Expenditu Transfers Flxed A88et funds Extension New Building Fixtures & fittings 23,968 147,592 11.712) {3,8841 22,256 143,708 171,560 {5,596) 165,964 Other funds McGregor Trust Building maintenance Special purposes Missionary Media Ministry Prizes Social functions Sunday School projeiA Miss Gibson Bequest Salary Inland revenue Unused legacy New Building fund Children's Mison Women's meeting Sunday SchcM)I Special projects Café Emmaus Noah's Ark 459 13.995 459 13,731 100 417 3,082 (364} {562) 110,930} 145 147 147 1250) {4,616) {336) 113 378 67 114,842) 50,491 14,940 125.834) 8,464 4,238 269 14,842 267 369 (50.491) (15.309) 267 25,834 40 82,388 90,892 1.408 (1.408) {194) 15,OiXI 15,000 903 347 36,623 65.414 {606) (297) 127.813 64,688 85,413 (20,7171 11.7 41,473 41,473 120,496 67,912 54,372 General Fund The Fixed Asset Funds were set up to alkThte wilhin resetves an amount equal to the net bk value of charity's red assets as in the opinion of the eklers these are non distributable.
14 YOKER EVANGELICAL CHURCH Notès to thé Accounts (Contlnuedl Year ended 31 March 2024 11 Analysi5 of Net Assets Between Funds 2023 Net Current Assets Fixed Current Liabilities Total 2024 Unrestricted- General - Other Funds 34.069 479,980 (1,247) 32,822 664,294 184,314 Restricted 514, 2023 Net Current Assets Fixed Current Liabilities Total 2023 Unrestri¢t&J- General - Other Funds 65,597 128.173 {960) 64,637 294,137 165.964 Restricted 58,774 12 Gifts During the year the following gitts were rnade: 2024 Gener81 Account Fk)wers 55 Special Purpose Account Gift-Ewan & Pamela Gcodall Bile8 for Hannah and Shona Baptismal Gifts Specific Gifts 337 37 410 Missary Account Christian Aid Glasgow City Mission Hope Church Aviemore Hope for Glasgow Mercy Ships UK OMF- M&J Paterson Open Air Mission Torch TTusl D Malcom - Turkey YFC- Miss S Blair SupFQrt 200 650 2,000 2,060 520 3,119 100 650 130 2,100 Pnzes Christrnas Party Gifts 201 Total clf 12,603
15 YOKER EVANGELICAL CHURCH Notes to the Accounts Icontlnued) Year ended 31 Mar¢h 2024 12 Gifts Icontinuadl During the year the following gifts were made: 2024 Total blf 12,603 Women's Meeling Gifts Noahs Ark Baby & Toldler Gmup Christmas Gifts 65