GLASGOW ASSOCIATION OF SPIRITUALISTS Scottish Charity Number SC005881
ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2023
Trustees’ Annual Report and Accounts for the year ending 31 December 2023 Scottish Charity Number: SC005881
Current managing trustees (Committee)
Contact address
Glasgow Association of Spiritualists
Recruitment and appointment of managing trustees
All of the Association’s managing trustees are appointed and reappointed by qualifying members at our Annual General Meeting, which is held in March/April each year.
Governing document
The Association is a charitable unincorporated association. The purposes and administration arrangements are set out in accordance with the provisions of the Memorandum and Articles of Association and Bye-laws of the Spiritualists’ National Union in terms of our Affiliation. The Spiritualists’ National Union is a charity registered in England. Registration number: 261898 and acts as our parent body and a trustee.
Charitable purposes
The objects of the Association are:
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(i) the advancement of the religion and religious philosophy of Spiritualism on the basis of the Seven Principles;
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(ii) the holding of religious services for public worship;
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(iii) the training of all in the principles of the religion, religious philosophy and science of Spiritualism;
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(iv) such charitable objects as may be decided upon from time to time by Special Resolution of the Full Members in General Meeting. No object shall be included which is inconsistent with the statues of the Church as a religious charity.
Activities and achievements
We continue to have a divine service on a Sunday morning. This is well attended and is followed by healing clinics and private sittings. We also plan to introduce a Wednesday afternoon service. We have re-introduced our training programme, which includes workshops and mentoring sessions, and our well-attended Friday evening Awareness Group, which serves a number of productive purposes:
(i) it provides a firm stepping stone for the development of our Mediums of the future;
(ii) it offers good background information for those wishing to research Spiritualism and points them in the right direction should they wish to further their own abilities.
(iii) It allows newcomers to understand the subject – some of whom go on to become church members.
The price of the new roofs has risen because of the price of materials, so we are still holding fundraising events to raise money and applying for more grants. The church is still preparing its own literature to accompany galleries of pioneers and provide other information of historical significance. There have been hold-ups, but we hope to have three books on sale before the end of 2024. We are also working on talks/lectures/debates to provide more literature for the church. This should assist educationally and financially.
Trustee remuneration and expenses
The trustees did not receive any remuneration or expenses during the year.
Reserves
As a result of the surplus of £ 3,118 for the year, the Association held unrestricted funds of £74,378 at the year end.
The managing trustees consider this sum will assist them to pay for two new roofs and support further outlay on improving the church premises.
Approved by the Trustees and signed on their behalf:
President Date: 6 May 2024
GLASGOW ASSOCIATION OF SPIRITUALISTS
REPORT OF THE INDEPENDENT EXAMINER
To the Trustees and Members of the Glasgow Association of Spiritualists on the Financial Statements for the Year Ended 31st December 2023 set out on pages 5 to 8.
Respective responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (“the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended)("the 2006 Regulations"). The charity's trustees consider that the audit requirement of Regulation 10(1)(d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(C) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning 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 accounts.
Independent Examiner's Statement
In the course of my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that, in any material respect, the requirements:-
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a) to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
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b) to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
9th April 2024
4
GLASGOW ASSOCIATION OF SPIRITUALISTS
STATEMENT OF RECEIPTS AND PAYMENTS
YEAR ENDED 31ST DECEMBER 2023
| Notes Receipts Voluntary Receipts Donations and Gift Aid Legacy Receipts from Shop and Tearoom M&G Interest SNU Investment a/c Interest SNU Bond Interest Realisation of Investment Receipts from Charitable Activities Membership Fees Collections and Income from Sittings Sundries Total Receipts Payments Cost of Fundraising Payments re Shop and Tearoom Cost of Charitable Activities Governance Costs Building Refurbishment Costs Property Valuation Fee Total Payments Surplus / (Deficit) for the Year Transfer Between Funds Surplus / (Deficit) for the Year |
Unrestricted Restricted Funds Funds 2023 2023 £ £ 6,993 2,053 0 2,910 0 1,171 0 708 13,285 0 |
Total Total Funds Funds 2023 2022 £ £ 9,046 16,521 0 5,000 2,910 498 0 113 1,171 43 0 0 0 132,937 708 568 13,285 4,320 0 0 |
|---|---|---|
| 25,067 2,053 |
27,120 160,000 |
|
| 1,407 3,148 14,742 4,706 0 |
1,407 611 3,148 838 14,742 11,698 4,706 131,086 0 2,400 |
|
| 19,296 4,706 |
24,002 146,633 |
|
| 5,771 (2,653) |
3,118 13,367 0 |
|
| 5,771 (2,653) |
3,118 13,367 |
|
The Notes on pages 7 & 8 form an integral part of these accounts
5
GLASGOW ASSOCIATION OF SPIRITUALISTS
STATEMENT OF BALANCES AS AT 31ST DECEMBER 2023
| Notes FUNDS RECONCILIATION Cash at Bank and on Hand as at 01/01/2023 Surplus / (Deficit) for the Year Cash at Bank and on Hand as at 31/12/2023 Bank and Cash balances Cash on Hand Bank Current Account Bank Deposit Account SNU Trust Investment Account SNU Trust Bond Other Assets Property Investments Stock - Shop and Tearoom Prepayments GiftAid Accrued on Donations at Year end Liabilities Indepandent Examiner's Fee Accruals |
Unrestricted Restricted Funds Funds 2023 2023 £ £ 61,443 9,301 5,771 (2,653) |
Total Total Funds Funds 2023 2022 £ £ 70,744 57,377 3,118 13,367 |
|---|---|---|
| 67,214 6,648 |
73,862 70,744 |
|
| 1,130,000 0 139 375 |
813 910 14,302 64,520 253 738 7,411 250 51,085 4,326 (1) |
|
| 73,862 70,744 |
||
| (0) 1,130,000 1,130,000 0 0 139 209 375 294 |
||
| 514 1,130,000 | 1,130,514 1,130,503 |
|
| 750 | 750 1,500 0 0 |
|
| 750 | 750 1,500 |
|
The Financial Statements on pages 5 to 8 were approved by the Trustees on 9th April 2024 and signed on their behalf by
Mary Waterston
Treasurer
Caroline Scott
President
Trustee 31st May 2024
Trustee
The notes on pages 7 to 8 form part of these accounts
6
GLASGOW ASSOCIATION OF SPIRITUALISTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
1 Accounting Policies
Accounting Convention
These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
Fund Accounting
Unrestricted funds comprise gifts and other income received for the objects of the charity without further specified purpose and which are available as general funds Restricted funds comprise gifts and other income directed to specific purposes (ie building renovation and education of the public).
2 Analysis of Charitable Expenditure
| Speakers and Mediums paid to further the association's objectives |
Unrestricted Restricted Funds Funds 2023 2023 £ £ 3,148 |
Total Total Funds Funds 2023 2022 £ £ 3,148 838 |
|---|---|---|
3 Analysis of Management and Administration Costs
| Salary Accommodation Costs Heat and Light Insurance Cleaning Repairs and Renewals Welfare / Flowers Hospitality Administration Costs Telephone and Postage SNU Affiliation Fee Stationery and Advertising Night Safe Charges Sundry Expenses Reporting Accountant's Fee (2021 and 22 Accrued in 2022 Surveyor's Fee |
Unrestricted Restricted Funds Funds 2023 2023 £ £ 0 3,054 5,270 2,456 1,447 0 11 373 330 0 16 284 1,500 0 |
Total Total Funds Funds 2023 2022 £ £ 0 0 3,054 4,369 5,270 4,122 2,456 1,457 1,447 858 0 0 11 0 373 440 330 350 0 102 16 0 284 0 1,500 0 0 2,400 |
|---|---|---|
| 14,742 0 |
14,742 14,098 |
|
No Trustees received remuneration or expenses from the Trust during the year.
7
GLASGOW ASSOCIATION OF SPIRITUALISTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
4 Fixed Assets
The Heritable Property was Valued by DM Hall LLP Chartered Surveyors at 31st December 2022
| Professional Valuation | 1,130,000 | |
|---|---|---|
| Valuation brought Forward | 300,000 | |
| Increase in Valuation | £ | 830,000 |
| 5 Investments (The Halligan Bequest) Market Value at 1 January 2023 Unrealised Gain/ (Loss) on Investments Proceeds of Sale Overprovision on Realisation Market Value at 31 December 2023 Historical Cost at 31 December 2023 Investments are all in UK bonds |
2023 £ 0 0 0 0 0 0 |
2022 £ 136,791 0 (132,937) (3,854) |
|---|---|---|
| 0 | ||
| 0 | ||
8
The following pages do not form part of the Receipts and Payments Accounts
GLASGOW ASSOCIATION OF SPIRITUALISTS
BALANCE SHEET AS AT 31ST DECEMBER 2023
| Fixed Assets Notes Property Investments (The Halligan Bequest) Current Assets Bank and Cash SNU Bonds and Deposit Account Stock Debtors Creditors: Amounts falling due within one year Net Current Assets Net Assets Represented by Unrestricted Fund Restricted Funds |
2023 2022 £ £ 1,130,000 1,130,000 0 0 1,130,000 1,130,000 15,115 65,430 58,749 5,315 139 209 375 294 74,378 71,248 750 1,500 73,628 69,748 1,203,628 1,199,748 6 (6,527) 1,203,622 1,206,275 (1) 0 1,203,628 0 1,199,748 |
2023 2022 £ £ 1,130,000 1,130,000 0 0 1,130,000 1,130,000 15,115 65,430 58,749 5,315 139 209 375 294 74,378 71,248 750 1,500 73,628 69,748 1,203,628 1,199,748 6 (6,527) 1,203,622 1,206,275 (1) 0 1,203,628 0 1,199,748 |
|---|---|---|
| 0 | ||
| 1,199,748 | ||
| (6,527) 1,206,275 |
||
| 1,199,748 |
The Receipts and Payments Accounts format as stipulated by OSCR defines the Statement of Balances as shown on page 6. The above Balance Sheet shows the figures as they would appear in the traditional format
GLASGOW ASSOCIATION OF SPIRITUALISTS
NOTES TO BALANCE SHEET AS AT 31ST DECEMBER 2023
Reconciliation of Funds to Receipts and Payments Account
| Brought Forward Add Surplus /(Deficit) for Year Addper Receipts and Payments Accoun AddIncrease in Property Valuation Add : Increase /(Decrease) in Market Value of Investment in Stock in Prepayments in Accruals in Historical Cost if investment Gain on Sale previously Provided |
2023 Unrestricted Restricted Total (6,527) 1,206,275 1,199,748 5,771 (2,653) 3,118 0 0 0 0 (70) (70) 81 81 750 750 0 0 0 0 1 |
2022 Unrestricted Restricted Total (4,611) 498,324 493,713 (1,375) 14,742 13,367 830,000 830,000 0 0 209 209 0 0 (750) (750) (50,000) (50,000) (86,791) (86,791) |
|---|---|---|
| 6 1,203,622 1,203,627 |
(6,527) 1,206,275 1,199,748 |
|
Movement in Individual Restricted Funds
| Receipts Donations and gift Aid Revaluation Surplus Interest Received SNU + M&G Payments Work Carried Out Sundries Investment Cost Fees Surplus for Year Unrealised Gain on Investments Net Movement in Funds Balance brought forward Balance carried forward |
Reserved Building Education Lyceum Fund Fund Fund Fund 2023 2023 2023 2023 £ £ £ £ 2,053 0 0 |
Total Total 2023 2022 £ £ 2,053 15,178 0 830,000 0 113 |
|---|---|---|
| 0 2,053 0 4,706 0 0 |
2,053 845,291 4,706 131,086 0 896 0 50,000 0 2,400 |
|
| 0 4,706 0 0 |
4,706 184,382 |
|
| 0 (2,653) 0 0 |
(2,653) 660,909 |
|
| 0 0 |
||
| 0 (2,653) 0 0 323,185 857,849 23,584 1,657 |
(2,653) 660,909 1,206,275 545,366 |
|
| 323,185 855,196 23,584 1,657 |
1,203,622 1,206,275 |
|