Assembly of Christians at Holburn Hall Trustees, Annual Report and Accounts For the Year ended 30 September 2024 RegisteredScottiTsh Charities No Sc￿9904 Contents Tru$tee< Annual Report Statement ot Flnanclal Artlvitles Notes to the Accounts Independent Examlnerfs Report to the Trusttts of Assembly ol Chrlstlam at Holbum Hall Asstrnbty ol Christians at H¢Jlburn Hall Trustets. Annu31 Report and Accounts 30 September 2024 Trustees, Annual Report JNrRODucf1014 The trustees present their report and accounts for the year ended 30 September 2024. The accounts have been piepared In accordance with the accounting policies set out in Note I to the accounts and comply with the charitvs Deed of Trust and the Charities Accounts (Scotlandl Regulations 21￿. in particular Schedule STRucfuRE. GOVERNANCE AND MANAGEMEMr The Trust was established through the 8raniin8 of a Deed of Trust on 18 January 1934. The Trust was created for Charitable and Religlous purposes. with the following principal purposes explicltty specified, namelv.. lal 8reakin8 of bread weeklv. Ibl Holdin8 prayer meetln8S Icl Exposition of the scriptures Idl Proclamation of the Gospel PRINCIPAL ADDRE$5 Holburn Gospel Hall 220 Holburn Street Aberdeen A810 6D8 CURRENY TRUSTEES Geor8e Cheetham Andrew Adams Isecfetaryl Noel Roberts The trustees receive no remuneration for their services. They are willing to devote time and skill for the beneflt of the Chailty. The Charity also benefits from the services of the members of the Assembly who help out at events organised by Holburn Gospel Hall. The trustees afe immensely 8rateful for all such contributions. A SUMMARY OF THE MAIN ACTIVITIES OF THE CHARITY UNDERTAKEN AND ACHIEVEMENTS IN THE PERIOD The Charity owns and operates Holburn Gospel Hall. whl¢h is a Christian Brethren Assembly meetlng weekly for worship and outreach. The trustees are also Elders at the church and meet monthly to plan, discuss busine55 and monitor progre5S. The Charity organises events for youn8 people, families and older people. With weekly Sunday School, a weekly children's meeting at Garthdee, monthly service5 in Duthie Park Winter Gardens as well as the Sunday and midweek church meetings. There is also a Ladies. Missionary class who or8anise knitted clothin& nappies and other parcels for Medical Missionary News and. annually. shoeboxes for Blythswood. We also hold monthly Bible Teaching evenlngs over the winter. 3nAnnual Bible Teaching conferenceand various otheroutreath and BibleTeaching events durinB each year as arran8ed. We have, this year, restarted our Biblè Experience where schools are invited to bring P6 & P7 classes to the hall to see rooms explaining the history and stories from the Bible. For this we fund buses, if necessary. Donation5 are 8>ven by members of the Assembly and thi5 is used for running costs for the church, costs of events and distributed to Christians (retired and actively workin81 both withÈn the UK and abroad. No requests are made to the general public for funds. A$¥ern￿ of Christians at Holburn Hall T￿Stee$,Ann￿￿l Report and Accounts 30 5epternber 2024 In addition, the Chanty hès variou5 polides and prO￿d￿re5 in connection with le8islative reqUI￿rnents. These are regularty reviewed and. Whe￿ necessary. updated. FINANCIAL REVIEW Charities with a gros5 income of less than £250,CM)O can prepare accounts on the Recelpts and Payments basis and thi5 is how the Trustees have prepared these accounts. It is the pollcy uf the Trust to not retain a reserye but to use funds 35 they are provided. However, a É72,iNJO le8aCV received during the year resulted in a stgnificant surplus for the year. Restricted income earmarked for 8ifts to Chrlsiians elsewhere incrèased almost 60% and weekly Sunday offering5 fell by 5% to grve a total income, includlng the legacy, of £106,739. Total expendlture of E47.456 comprised of Kifts 01 £15.177 and operating costs of £32,279. Operatin8 cost5 increasèd approximately £8.OCQ compared to the previous year, largely clue to incieased spend on variou5 Outreach aciSvitie5 and heal and light. All restricted Éifts received were disbursed as restricted expenditure in the year resulting in a net inuease In unrestricled furlds of £59.283 leavln8 the Trust in Stro￿ flnancial posrtlon at the year end. Approved by ihe trustees and sl ned on their behalf 28 1Ooy 2025 Assernbly d Chrf5tlans •t Holbyrn Ham Twstees. Annual Report and A￿our 305eoember 2024 ststement of Flnancial Activities the yearended30September2024 Total 2024 Tot•1 2023 Alote Funds Funds Income Gifts and Donations Total Income 99,493 99￿93 7.246 106.739 106.739 36.650 36.650 Expendirure Glfts Operatlng Costs Total Expendliure 7.931 32,279 40,210 7.246 15,177 32279 47.456 I7￿69 24.308 41W7 Net lexpendlture)hntom• lof th• y•ar 59.283 59.283 15,2271 The note5 on pages S to 7 form part of ihese accounis. Approved by the Trustees and slgned on their behall.. 24June 2025 Assembly of Christians at Holburn Hall Trustees. Annual Rep)rt and Acctyjnts 30September 2024 Notes to the Accounts Ac¢ountln8 Poll¢les foj Bosis ofpreporotion andosse55ment of going ¢oncern The financial statements have been prepared under the historlcal cost convention wlth items recognised at cost or transaction value unless otherwise stated in ihe relevant notelsl to these account5. Thè financial statements have been prepared in accordance with the Statement of Recommended Practio.. Accounting nd Reporting by Charities preparin8 their accounts in accordancè with the Financial ReportinB Standard appllcable in the UK and Republic of Ireland IFRS 1021 Issued on 16 July 2014 and the Financial Reportin8 Standard applicable in ihe United Kingdom and Republic of Ireland IFRS 1021. the Charities and Trustee Inve5tment1Scotlandl Act 2￿5 and the Charities Accounts Iscotlandl Re8ulations 2CM)6 las amendedl. The Twst constltutes a public benefit enttty as defined by FRS 102. The Trustees consider that there are no material uncertainiies about the Trust's abillty to continue as a going concern. (b) Funds Strnrture The Chafliy dlstit)guishes between the unrestrlcted funds and restrlcted funds. Unrestrlcted funds are available at the discretion of the trustees in furtherance of the general objective5 of the Trust and which have not been desi8nated for other purposes. Restiiued fvndscomprisecertain specifi¢fecelpt5 earmarked to particulai purposes. ICJ Income recognIt￿ft All Income Is reco8nised once the Charity has received the Income. Donatlons. are reco8nised when the Trust has been notified in writin8 of both the amouni and settlement date and funds are lodged In the bank account. Interest on funits held on deposit is included when receivable and the amount can be measured reliably by the charity,. this15 normally upon notifrcation of the interest paid or payable by the bank. (dj Expendlture recognltion Llabilitles are reco8nlsed as expendlture when payments are made only. All expenses in¢ludlng support costs and governan￿ costs are allocated or apportioned to the applicable expenditure headings. fe) Irrecoveroble VA T Irre¢O￿lable VAT is charged agaln5t the expendit*Jre headin8 for whlch Ff was Incuffed. Income from Glfts and DOna￿on$ Income from gffts and donaiions can be analysed a5 follows- 2024 2023 Gifts for Missionaries & Ftomeworker5, NECYC and Summerhill Irestrictedl Subscriptions Irestrictedl Sunday offerings lunrestrittedl Sundry gifts lunrestrictedl 6.662 4,231 563 27,482 72.011 28,852 106.739 36.650 This year we re￿•Ve￿ a legacy of £72,(K(J whith is included in sundry 8ifts. ol Chimians at Hall Trustees. Annual Report and A¢C￿nts 305eptember 2024 Glft* The gifts £an be analysed as follows.. 2024 202a Missionary Gifts Homeworkers. gifts Summerhill NECYC Subscriptions 6.143 6,925 8,921 1.025 $64 IS.177 17.569 Operatlnl Costs The operatin8 Costs can be analysed as follows.. 2024 2023 Childien's work New Year Conference Annual Conference Books, tracts. outreath Caterin8 Bullding repalrs Heat & light lrtsurance Telephone, Interriet & 200m Sundry S.349 3.656 765 612 869 4.232 1.799 230 11,975 2.879 1,257 2,625 32.279 5,470 1,674 442 3,796 2.703 3,634 1,556 24.308 Heat &1Sght Is a slgnificant Increase as we exlted a low 2 year rate for gas and SSE caught up on billing for ele￿licIty. Children's work Includes ihe &ble Experlence. Mo¥ement In Funds Unre#rkted Funds Restrfcted Funds 2024 2023 Bonk ond Cosh in Hond Openin8 balances Net lexpenditurellincome for the year 8.216 59,283 67.499 8,216 59,283 67.499 13,443 15.2271 8.216 Independent Examinerfs Report to the Trustees of Assembly of Christians at Holburn Hall I report on the accounts of Assembly of Christians al Holburn Hall IRe8lstered Scottish Charities No. SC 0099041 for the year ended 30 September 2024 which are set out on pa8es 5 to 7. Respertlve iesponslbllltles of tru#e•s and wmlner The Charity's Iru5tees are responsible for the preparatron of the accounts In attordance wrth the terms of the Charliles and Trusteè Investment (Scotlandl 2C¥)S Art and the Chaiitlès Accounts Iscotlandl Re8ulation$ 2006 las amended). The Charity Truiiees ¢on5ider ihat ihe audit requirLbmenl of Regulation IOIII lal to Icl of the 2006 Accounts Re8ulaiions doe5 not apply. li Is my responsibility to examine the accounts as required under Section 44111 Icl of thè Act and to state wheiher pamctslar matters have come io my attention. Basls of Independent examlntrfs statement My exarnination is carried out in accordance wlth Regulation 11 of the Accounts Regulatlons 20C6. An examinatlon includes a review of the accountine records kept by the Charity and a comparlson of the accounts presented wtth those fe¢ords. It abo indudes consideraiion ol any unusual liem5 or disclosures in the accounts and seeks explanations from the Trustees concerning any such mailers. The procedures undertaken do not provide all the evidence that vlould be reqvired in an audlt and. consequentty I do not express an audit opinion on the vlew given by the accounts. Independent examlnerfs Siatemert In the course of my examinatlort, no matter has come to my attentlon whld18ives rne ieasonable cause to believè that in any material reSk)ect the requiremènts- io keep ac¢ountin8 records in accordance with Section 4411) lal of the 2005 Act and Re8ulatlon 4 of the 2rx16 Ac¢ounts Re8ulaiions, and to prepare accounts which accord wlth the a¢countiftg records and Comply wlth Re8ulation 8 of the 21x16 A¢¢ounts Regulatlons have not been met, OT to whi¢h, in my opinlon, atiention Should be drawn In order to enable a proper understandlng of the ,Iccount5 to be rèached.