Cartsbridge Evangelical Church
Report and Financial Statements Year Ended 31 March 2025 Scottish Charity No.SC002583
Cartsbridge Evangelical Church
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Church Information | 1 |
| Trustees’ Annual Report | 2 - 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 15 |
Cartsbridge Evangelical Church
Church Information for the Year Ended 31 March 2025
Trustees
esigned 5 June 2024
gned 5 June 2024
nted 13 August 2024
Office Bearers
Principal Address
Bankers
Clydesdale Bank PLC 30 St Vincent Place Glasgow G1 2HL
Solicitors
Mackintosh Wylie LLP P.O. Box 31 23 The Foregate Kilmarnock KA1 1LE
Independent Examiner
The Accounting Crew (Scotland) Limited 8 Benview Road Clarkston Glasgow G76 7PP
Page 1
Cartsbridge Evangelical Church
Trustees’ Annual Report
The Trustees are pleased to present their report together with the financial statements of the church for the year ended 31 March 2025.
Status of Charity and Governing Document
Cartsbridge Evangelical Church was originally constituted by means of a Trust Deed dated 21 February 1927 and superseded by a Constitution approved at the church AGM of 18 May 2005. The Trust is registered as a Scottish Charity (No SC002583). All serving elders are, ipso facto, trustees.
Charitable Objectives and Aims
The charitable purposes of Cartsbridge Evangelical Church as set out in the Charities and Trustee Investment (Scotland) Act 2005 are “The advancement of religion and the relief of poverty”.
Trustees and Office Bearers
For the purpose of charity law, the Trustees of the church are also the charity’s Trustees.
The church is independent and congregational in policy. The day to day running of the church is delegated by the Trustees to the Elders.
The Trustees and Office Bearers who served during the year and to the date of this report were as follows:
Trustees
– Resigned 5 June 2024
esigned 5 June 2024
pointed 13 August 2024
Office Bearers
asurer) ecretary)
(* indicates those who also serve as Elders)
Appointment of Trustees
Trustees are nominated for appointment by the existing Trustees. There is no fixed term for Trusteeship. Trustees are to retire when they attain the age of seventy years. Prior to their appointment, Trustees would have served the church for some time in various roles and would be familiar with the church's values, its aims and objectives as well as its day-to-day operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilities.
Achievements and Performance
The church continues to run a full programme of activities throughout the week. On Sundays we run a Communion Service at 10am followed by our All-Age Service at 11.15am. The All-Age Service is streamed online for those who are unable to attend.
Significant highlights and developments of note in the year include the following:
Page 2
Cartsbridge Evangelical Church
Trustees’ Annual Report
Achievements and Performance (continued)
In relation to activities :
-
Elders convened fortnightly for the purpose of assessing the spiritual welfare of the church members and to discuss the business of the church.
-
The church continues to provide and maintain adequate premises and facilities for the church members and others in the community to meet for the worship of God and for mutual support of the fellowship, the care of the local community and to support mission both at home and abroad.
-
The church employed three members of staff during the financial year: as Pastoral Worker, resigned in July 2024, as Ministry Support Coordinator and as Youth Worker, appointed in August 2024.
-
Giving by the church both within the UK and abroad reflects a continued desire by the church to support both individuals and organisations of interest to the church and this was particularly evident with the sustained level of giving during a difficult time for many.
-
The Alternative Gifts scheme was again successfully carried out in the year and allowed the church to support projects in Bangalore, Rwanda and Uganda, as well as provide support for Glasgow City Mission.
-
The church continued to provide support to several members who are working in the mission field including Paul and Andrea Smith in France, in Canada until left his role with OM, with International Mission to Jewish People and Bell in Barlanark. The church also commenced regular support for Aird in Uganda.
-
A number of elders and younger people in the church have been able to visit Albania in recent years and the church is committed to prayerfully and financially supporting both the church and missionaries in Vlore, Albania.
In relation to funding :
- Sustained support and offerings from church members predominantly via bank transfer and utilising the Gift Aid donation scheme.
Financial Review
Principal sources of funding
The church receives its funding from church members and visitors by way of offerings and Gift Aid donations.
Results for the year
The financial statements for the year are set out in pages 6 to 15. Per the Statement of Financial Activities on page 6, the church reported net incoming resources (i.e. surplus) of £14,611 (2024 - deficit £21,415) and total funds of £559,735 of which £506,827 represent fixed assets.
Page 3
Cartsbridge Evangelical Church Trust¢e$' ADDual Report FlnaDdal Revkw {eontlDued) Reserves Pollcy It is the policy of thc churLh to maintain unr¢stri¢t¢d fiwd& i.¢. fimds not committcd or invcstd in fixcd ass¢lS, at a level which cquat¢s to approximately three months of uttrestricted expenditure. 'fhis allows Suff1¢nt fimd9 to Cnablc the OnÈOitig work of the church to be maintaind. Excluding Fixcd A&qets. Unrestricted Funds at 31 March 2025 amounted to £52.908 {2024 - £31,744) Whic although above the r¢quircd Icvcl, was acceptable lo the Trustees. Total rcscrycs iThLluding thc n¢t book value of red &sscts (unr¢siri¢t¢d) amount¢d to £559,735 (2024 - £545,124). Grant MAkIng Policy The chUh mak¢s from its incom¢ to individuals and organisations that ale 8cn¢rally k)w to the IrustLes and thc Church. Th¢ beneficiaries are involved in activities or ministri¢s compatible with the chur¢h's obj¢ctives. Reputable IK)dies involved in diwtcr r¢licf work ctc. would be includa in this list. Statement of Tr•JlttJ• Responslbllldes The Trustees are responsible for preparing thc 'tc¢' K¢port and the fthan¢iaA stat¢mcnts in acrdanC¢ with applicabjc law and United KinBdom Accounting Stsndards (Unitcd Kingdom Gcnernlly Acceptsd Accountin8 Prwtice). Thc law applicabk to clwitics in Scotland, the Charilics and TTUStc¢ Inv¢stm¢nt (Scotland) ALt 2005, thc Charitics A¢¢ounts (scotld) Regulations 2006 and thc provisions of th¢ charity's Constitution rcquirc th¢ Trustees to preparL fllwicial statLmL'nts for each fllLqncial year which give a truc and fair viLw of Ih charity's affairs and of incoming resources and application of yOu¢S of th¢ charity for that period. In preparin8 t1¢ finanLial statcmcnts, th¢ TnLSt¢¢s ar¢ wuir¢d to; select suitsble accounting policies and then apply them consistently) observe the methods and principles in the Charities SORP; make judgements and estimates that reasonablc and prudcnl PTcpar¢ th¢ fmancial slatements on thc going concern basis unless it is inappropriat¢ lo presum¢ that thc Charity Will continuc its a¢tiviti¢s. The Trustees arc sponsIble for k¢eping proper accounting records which disclosc with r¢Onable accuracy at any tim¢ th¢ ¢harity's fmancial position and cnable them to ensure thAt the fllwicial siat¢m¢Thts comply with the Charities and Trustee Investsnent (Scotland) Act 2005, the Charities AccounLs {Scotland) Regulations 2006 and the provi%ioLs of the charity'b co$tI1utI0n. They are rgstx)nsible for safe8uardin8 the ot'the charity and hL'nc¢ for taking r¢asonabl¢ stcps for th¢ prevention and dGtcction of fraud and other irregularities. Independent ELgmlner The 'l'rustces rccommend that The Accountin8 Crew (Scotland) Limitcd is appointed &s Tndcpendcnt F.xarnin¢r until further noticc. This R¢port w&$ approv by thc TTUStccs on . . 2025 and signcd on thcir bd]alf by: ruJlL'e ruJlL'L' Page 4
Cartsbrid ¢ Evan elical Church Independent Examin¢r's Report to the Trustees on the unaudit¢d flnAn¢lal statements of C•rtsbrldge Evgngelieal Chureh I r¢port on rhe finanGial 01cMentS of the Charity for th¢ year ended 31 iMJTch 2025 which comprise Ihe Siatenient ofFinancial Adivides, the Baloiice Sheet the related Noies. Regpeetlve R¢sponslbllltl¢s of Truste¢1 Exlmloer The eharity's Tiust¢¢s are responsible for ihe prepar•tion of the fiAancial 5taternents in a¢¢ordance with the lermi of the Charilics and TN5tee Inve5trnenl {ScoilaThdl A¢t 2005 and Ilie Chaniie$ AccouD15 {ScotJand) R¢Kulaiion$ 2006 ("2Q06 Accowits R¢guLations'). The ¢harity'S Truslces ¢onsidcr that the audit reWireml ¢f ReIllI10n 101 I) (a) to (el of the 2006 A¢wunts R¢gulaiion5 does nol apply. It is my r¢sponsibility to examin¢ the finonGial swements as iequired und¢r S¢Glion 44(1 } (¢) of the Acl and10 slple whher particulaf matters have comg lo trAy attenti4)n. Bnsi¥ of llldependtnt Exmlntr'J Stttmenl My ex8rnin&tion ws corried oul in accordance with R¢gulJlion I l of th¢ Charitie3 Arcounts (S¢otland) Re8ulalion5 2006. Afr &thin110n ineludes o review of Ihe UntIl1& T¢¢ord5 kepi by the diarity and eomparlson of the finanGial Jlalemenls pr¢senied with th05¢ Yecords. It also includes ¢onsideraiion ofany iUIUSUAI Ilems or disclosurcs in the finan¢ial sl•iements. and seeks ¥xplanalions from the Trustees con¢¢Tnin8 siich matters. The procedLir¢$ iindertgken do not provide all ihe evidence that would b¢ rcquired in audit. and ¢onsequently I do nol expr¢53 #n audit opinion on the view given by the Ilnwicial stat¢ments. lod¢pendent Exomln•r's S¢il•rnt In the eourst of my eXarhInl0Th, no matter hL8 come lo my nTIon l. thich gives me reftsonubll Caiise to beliqvi Ih4t in ¥ny mlleriol rcsp¢¢t the requlr¢ments', io keep ac¢ounlin8 recor¢Js in a¢¢ordle¢ wllh Section 44(1) la) of tlle 2005 Aci aiid Regulation 4 of ihe 2006 A¢counls R¢sulalions, Bnd to prepare finonclul Jial¢ments wliiGli gccord wi¢li lh¢ a¢¢ounlin8 records And comply will) RegUl10n 8 ofihe 2LKI6 ArwuDl$ R¢sulations have not been rnet. or 2. to whlch in my oplnlon. attefttion should be thawn lrt order 10 enable a proper und¢rsiandlThg of the rjnfincid ststcments to be reached. The Accoiinling Crew (Scolld) Limited 8 Benview Road aarksion Glasgow G76 7PP Dale: Alc)9 Iitskc P•8¢ 5
Cartsbrid e Evan elical Church g g
Statement of Financial Activities (incorporating Income and Expenditure Account)
For the Year Ended 31 March 2025
| Unrestricted Funds | Unrestricted Funds | |||||
|---|---|---|---|---|---|---|
| General Designated | Restricted | Total | Total | |||
| Fund | Fund | Fund | 2025 | 2024 | ||
| Notes | £ | £ | £ | £ | £ | |
| Incoming resources | ||||||
| From generated funds: | ||||||
| Voluntary income | 2 | 179,896 | - | 11,793 | 191,689 | 187,083 |
| Investment income | 3 | - | - | - | - | - |
| From charitable activities | ||||||
| Church ministries | 4 | - | - | - | - | - |
| Total incoming resources | 179,896 | - | 11,793 | 191,689 | 187,083 | |
| Resources expended | ||||||
| Charitable activities | 5 | 165,055 | - | 11,903 | 176,958 | 208,378 |
| Governance costs | 8 | 120 | - | - | 120 | 120 |
| Total resources expended | 165,175 | - | 11,903 | 177,078 | 208,498 | |
| Net incoming/(outgoing) resources | ||||||
| for the year | 14,721 | - | (110) | 14,611 | (21,415) | |
| Transfers between funds | 17 | (110) | - | 110 | - | - |
| Net movement in funds | 14,611 | - | - | 14,611 | (21,415) | |
| Total funds brought forward | 436,359 | 108,765 | - | 545,124 | 566,539 | |
| Total Funds carried forward | 450,970 | 108,765 | - | 559,735 | 545,124 | |
| Notes | 15 & 18 | 15 & 18 | 16 & 18 | |||
| Comprising: | ||||||
| General Fund | 450,970 | - | - | 450,970 | 436,359 | |
| Revaluation Reserve | - | 108,765 | - | 108,765 | 108,765 | |
| Restricted Funds - Special Giving Fund | - | - | - | - | - | |
| 450,970 | 108,765 | - | 559,735 | 545,124 |
The Notes on pages 8 to 15 form an integral part of these financial statements.
Page 6
Cartsbridge Evangelical Church Balance Sheet as ai 3J March 2025 2025 2024 Notes xed A8Mts Tangible &ssets 506,827 513,380 Current Aijets Deblorj Cash ai bank in hand io 36,978 23,392 iu,X40 24,843 60,370 35.683 Credllors: f*lling due wi¢hin one year Net Current (Llobllltl¢g) I AM¢ts (7,462) 13,939) 52,908 31,744 Credltor•: f•lllng due o(1or one y•ar 12 To¢•1 Net AM¢ts 18 559,735 545,124 RepreI•d by: unStriLled Fund8 Restri¢ted Funds 15 16 559.735 545.124 559,735 545.124 The financlal stalernents on pages 8 to 15 were Épproved by the Trustees on . by the undernoted., 2025 and si8n¢d on their behalf Ti'iisiÉe Tnislee Thc Nolcs on p8gL8 8 to IS forni an integral part of these fuian¢ial statements. Page 7
Cartsbridge Evangelical Church
Notes to the Financial Statements for the Year Ended 31 March 2025
1. Accounting Policies
Accounting Convention
The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102) as amended by Update Bulletin 1, applicable UK Accounting Standards, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006. The principal accounting policies adopted in the preparation of the financial statements are set out below.
The charity meets the definition of a public benefit entity under FRS 102.
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
Incoming resources
All voluntary income and bank interest is accounted for when received apart from income tax recoveries on Gift Aid which are accounted for on an accruals basis.
Resources expended
Expenditure is recognised on an accruals basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
Tangible Fixed Assets
Heritable property is stated in the financial statements based on a valuation provided by the Trustees.
No depreciation has been provided on the church’s heritable property as the Trustees consider that the open market value continues to exceed the valuation as shown in Note 9 on page 12. In other cases, depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and Fittings 3 years Equipment 3 years
In the prior year the Trustees revised the depreciation rates in order to shorten the period over which assets were being depreciated to a more appropriate length of time that better matches the deemed period of use of assets.
Statement of Financial Activities
For the purpose of the Statement of Financial Activities as shown on page 6, funds are defined as follows:
Unrestricted funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds.
Designated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes.
Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.
Page 8
Cartsbrid e Evan elical Church g g
Notes to the financial statements for the Year Ended 31 March 2025
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| 2. | Voluntary Income | General | Designated | Restricted | Total | Total |
| Fund | Fund | Fund | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Donations | ||||||
| Offerings & giving | 149,782 | - | 9,940 | 159,722 | 155,816 | |
| Tax reclaim | 30,114 | - | - | 30,114 | 27,471 | |
| Other Income | - | - | 1,853 | 1,853 | 3,796 | |
| 179,896 | - | 11,793 | 191,689 | 187,083 |
3. Investment Income
The church received no investment income in the current or prior year.
4. Income from Charitable activities
The church received no income from Charitable activities in the current or prior year.
5. Charitable activities
|Expenditure
Direct - Local ministry including personnel costs
(Notes 6 & 7a)
Direct - Other Mission Home and Abroad
(Notes 7c)
Other Charitable Activities, Church Running Costs
(Notes 7b)
Of which:
General Fund
Restricted Fund|Other
direct
£
73,380
57,306
46,272|Total
2025
£
73,380
57,306
46,272|Total
2024
£
77,589
76,234
54,555
||
|---|---|---|---|
||176,958|176,958|208,378|
||165,055
11,903|165,055
11,903|183,849
24,529|
||176,958|176,958|208,378|
Page 9
Cartsbrid e Evan elical Church g g
Notes to the financial statements for the Year Ended 31 March 2025
| 6. Staff Costs and Expenses storal Worker th Worker inistry Support Coordinator |
Unrestricted | Unrestricted | Restricted Fund £ - - - |
Total 2025 £ 13,153 22,629 24,876 |
Total 2024 £ 41,052 - 23,679 |
|---|---|---|---|---|---|
| General Fund £ 13,153 22,629 24,876 |
Designated Fund £ - - - |
||||
| 60,658 | - | - | 60,658 | 64,731 |
The number of employees during the year was 3 (2024 - 2).
Of the £60,658 staff costs and expenses, £4,772 represents social security costs and £7,909 represents other pension and life assurance costs.
There were no employees who received remuneration of over £60,000 in the period.
| 7. Direct Costs (a)Local Ministries & Activities Alpha Service Arrangements & Visiting Speakers Literature & Bible Exhibition Other Local Ministry and Activities (b)Property & Resources Postage, Stationery & Advertising Heat & Light Buildings & Equipment, Repairs & Renewals Depreciation of Assets Insurance & Professional Fees Cleaning Catering Sundry Running Costs |
Unrestricted | Unrestricted | Restricted Fund £ - - - - |
Total 2025 £ 2,180 500 924 9,118 |
Total 2024 £ 2,864 650 1,845 7,499 |
|---|---|---|---|---|---|
| General Fund £ 2,180 500 924 9,118 |
Designated Fund £ - - - - |
||||
| 12,722 | - | - | 12,722 | 12,858 | |
| 1,432 13,902 6,107 6,552 3,227 5,165 4,801 5,086 |
- - - - - - - - |
- - - - - - - - |
1,432 13,902 6,107 6,552 3,227 5,165 4,801 5,086 |
1,079 8,780 21,177 6,552 2,936 5,624 2,989 5,418 |
|
| 46,272 | - | - | 46,272 | 54,555 |
Page 10
Cartsbridge Evangelical Church Notes to the financial statements for the Year Ended 31 'ch 2025 Dlreet Costs (eontlnued) Unrestricted F}dS Restricted Funds Toi 2025 Total 2024 (c) N/01 and (hyrseas Smpport The church remitted amounts to UK based charlties al Christian or8anisations as follows.. All .4r¢ 8er4ryce monthty 8ifts IllenlI0[1aj Mission to Jewish Peopk) Schemes Aliernauve (ntis- (vlas8ow City Mission 2,640 1200 1,870 IS157 I77 2.420 1.200 1.870 1.490 2.439 1.2CI) 1.870 1.957 1,877 IIM) The Church remitted amounts to overseas based clwities and ChTiStian organisatiolls as follo5.. Aliem8tiv¢ Gifts- The Re8¢ Foun&iicrtL BxD8#10rt Aliernative Gifts- RIN8ndA AliernRtive Gifis . Ch8n8e Tomonmi.. U8anda Rivanda - KiBali Bible School Leadership TAini08 Albania- Supwl for ministy in Vlor BoliNia- Foundation Totsi Commutiity Ministiies FrRnce- Paul & An&ta Smith Youth Ministy Canada- Andrew & Susan Alexander (OM Canada) "Missionary of the Mooth" Otlier Mission Expenses Chan8e Tomo015 / JonDy & Dana Aird The Refv8e Foundation. Bangalore Aliernati%e Gifts - E8yPt Ali¢rnativ¢ Gifi5 - K¢ny Italy- Fabrizio & Elain¢ T1 1.820 2.941 I20 2941 3,006 6,000 3,000 4,800 6900 2.136 3.482 4.8 4.800 6.900 9.415 2.960 105 10.579 8.233 2.59x1 70 302 2WO 70 5,(K)O 3,0 1.815 1.223 10.8 45.403 I1.3 57J06 76.234 Pag¢ 11
Cartsbridge Evangelical Church
Notes to the financial statements for the Year Ended 31 March 2025
| 8. Governance Costs Independent Examination Fee 9. Tangible Fixed Assets Cost/Valuation At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for year At 31 March 2025 Net Book Value At 31 March 2025 At 31 March 2024 Cost/Valuationcomprises the following: |
Land & Buildings £ 506,827 - |
Fixtures & Fittings £ 81,102 - |
Total 2025 £ 120 |
Total 2024 £ 120 |
|---|---|---|---|---|
| Equipment £ 114,841 - |
Total £ 702,770 - |
|||
| 506,827 | 81,102 | 114,841 | 702,770 | |
| - - |
81,102 - |
108,288 6,553 |
189,390 6,553 |
|
| - | 81,102 | 114,841 | 195,943 |
|
| 506,827 | - | - | , 506,827 |
|
| 506,827 | - | 6,553 | 513,380 | |
The last addition to Land & Buildings was in 2001 when the last church extension was built. Prior to this, the last valuation was in 1993. No valuation has been carried out since then.
In the opinion of the trustees, the value of the church's freehold land and buildings is not materially in excess of that shown in the financial statements in relation to its religious and charitable use.
Page 12
Cartsbridge Evangelical Church
Notes to the financial statements for the Year Ended 31 March 2025
10. Debtors: falling due within one year
| Prepayments and Other Debtors Income tax reclaim on Gift Aid Creditors: falling due within one year Accruals and Other Creditors Credit Card |
2025 £ 5,040 31,938 |
2024 £ 3,007 7,833 |
|---|---|---|
| 36,978 | 10,840 | |
| 2025 £ 7,113 349 |
2024 £ 3,512 427 |
|
| 7,462 | 3,939 |
11. Creditors: falling due within one year
12. Creditors: falling due after one year
There are no amounts falling due after one year.
13. Transactions with Trustees
One Trustee received remuneration during the year by way of salary and expenses amounting to £13,955 (2024 - £43,541). This was in respect of his employment as Pastoral Worker, including work within local schools.
No other Trustees or any persons connected with them received any remuneration or reimbursed expenses during the year (2024 - Nil).
14. Related Party Disclosures
son-in-law and daughter of
Trustee until 5 June 2024, received
gifts during the year ended 31 March 2025, as detailed in note 7c, for their personal support. served as missionaries in Canada with OM.
The church made gifts to Foundation Totai , Scottish Charity No. SC037260. Alastair Fergusson, Trustee until 5 June 2024, is a Director of Foundation Totai .
Page 13
Cartsbrid e Evan elical Church g g
Notes to the financial statements for the Year Ended 31 March 2025
| 15. Unrestricted Funds General Fund Designated funds: Revaluation Reserve Total Designated Funds Total Unrestricted Funds |
Balance at 01.04.24 £ 436,359 |
Incoming resources £ 179,896 |
Resources expended £ (165,175) |
Transfers £ (110) |
Balance at 31.03.25 £ 450,970 |
|---|---|---|---|---|---|
| 108,765 | - | - | - | 108,765 | |
| 108,765 | - | - | - | 108,765 | |
| 545,124 | 179,896 | (165,175) | (110) | 559,735 |
Explanation of funds
The General Fund encompasses all income and expenditure relating to the primary focus activities of the church, other than those for which funding is restricted.
The Designated Assets Fund represents the revaluation reserve.
| 16. Restricted Funds Special Gifts Fund Total restricted funds |
Balance at 01.04.24 £ - |
Incoming resources £ 11,793 |
Resources expended £ (11,903) |
Transfers £ 110 |
Balance at 31.03.25 £ - |
|---|---|---|---|---|---|
| - | 11,793 | (11,903) | 110 | - |
Explanation of funds
Special Gifts Fund - represents gifts received for onward remittance to specific individuals and organisations or towards any cost as requested by the donors.
| 17. Transfers Transfers to 'top-up' gifts made from the Restricted Fund paid by the church. |
Unrestricted | Unrestricted | Restricted Fund £ 110 |
|---|---|---|---|
| General Fund £ (110) |
Designated Fund £ - |
||
| (110) | - | 110 |
Page 14
Cartsbrid e Evan elical Church g g
Notes to the financial statements for the Year Ended 31 March 2025
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| 18. | Analysis of Net Assets by Funds | General | Designated | Restricted | Total | Total |
| Fund | Fund | Fund | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Fixed Assets | 398,062 | 108,765 | - | 506,827 | 513,380 | |
| Current Assets | ||||||
| Debtors and prepayments | 36,978 | - | - | 36,978 | 10,840 | |
| Cash at bank and in hand | 23,392 | - | - | 23,392 | 24,843 | |
| Current Liabilities | ||||||
| Creditors and accruals | (7,462) | - | - | (7,462) | (3,939) | |
| Long Term Liabilities | ||||||
| Creditors | - | - | - | - | - | |
| Net Assets | 450,970 | 108,765 | - | 559,735 | 545,124 |
Page 15