**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: - (i) the advancement of the religion and religious philosophy of Spiritualism on the basis of the Seven Principles; - (ii) the holding of religious services for public worship; - (iii) the training of all in the principles of the religion, religious philosophy and science of Spiritualism; - (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: - 1) which gives me reasonable cause to believe that, in any material respect, the requirements:- - a) to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and - b) to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or - 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| ||||