Charity registration number SC011455 (Scotland)
CARRUBBERS CHRISTIAN CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CARRUBBERS CHRISTIAN CENTRE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Independent auditor's report | 5 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Statement of cash flows | 10 |
| Notes to the financial statements | 11 - 20 |
CARRUBBERS CHRISTIAN CENTRE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The Centre was established on 30 May 1858 as Carrubbers' Close Mission. In 1884 new premises were opened at 65 High Street. The Constitution is available on the Centre’s website. The name of the charity was changed to Carrubbers' Christian Centre in 1990. Carrubbers is controlled by a board of church elders who serve as charity trustees.
Apart from the elders there are 258 full and 110 associate members. Elders are elected by recommendation from existing elders and the members. Most of our funds are given by the members in support of the work and they are involved in carrying out much of this work themselves.
The vision of Carrubbers Christian Centre is to see lives transformed by the good news of Jesus in Edinburgh, across our nation and around the world and our mission is to multiply disciples of Jesus as we live for God and intentionally love people around us.
Achievements and performance
Work around the world is supported mainly through members who have gone to make a difference in other people's lives. At present this comprises 15 adults in some 6 countries around the world, with others on home assignment or working in the UK and preparing to work overseas. These people are involved in providing, amongst other things, medical assistance, literacy, Bible translation, work with children, and Bible teaching for national church leaders.
In the Edinburgh area there are about thirty regular activities seeking to help groups such as children, teenagers, students, families and the homeless work out Biblical principles in practice. Activities include pre-marital Biblical counselling, working with families to strengthen family units, helping students and young workers to manage the pressures upon them and to live productive lives. For younger people there are regular social activities and youth clubs with well-structured teaching and opportunities to build networks of friends and, Mother and Toddlers groups for mutual support and encouragement. Our “More than a Meal” ministry offers meals to persons experiencing homelessness, deprivation and isolation. Carrubbers Christian Centre has always served many internationals, often students and visitors, and this year has served and benefited from an increasingly significant cohort from Hong Kong. In response to this, in this financial year we have provided a series of classes teaching English as a foreign language to immigrants from Hong Kong and other parts of the world.
The main opportunity for all those involved with the church to gather together is on a Sunday when we hold two services which focus on the teaching of Christianity from the Bible, praying and worshipping together and encouraging one another. Services and other events are live streamed, enabling a wide participation from people at home and abroad.
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CARRUBBERS CHRISTIAN CENTRE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Over this financial year the charity has continued to pursue Project 140, a project for significant renovation of the building owned by it at 65 High Street, Edinburgh. Initial design work has been completed and the charity is now awaiting enough funds to proceed to the next stage.
At this stage, an initial start date target of October 2025 has been set.
The work is planned to include:
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Improvement of accessibility by installing a lift to all floors except the top floor and adding accessible toilets on all floors.
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Replacement of the roof above the main hall to prevent water ingress.
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Improvement of fire safety.
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Thermal upgrading where possible by insulating walls and roofs.
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Providing improved usable flexible space on all floors.
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Providing enhanced kitchen facilities.
Further details of the charity’s work are given in a report presented to members at our Annual General Meeting which can also be found on our website – www.carrubbers.org.
Carrubbers is an independent evangelical church. It has no formal affiliation with any denomination but works together with many other Christian individuals, churches and missions in Scotland and throughout the world.
Financial review
During the year ended 31 March 2025, the charity had total income of £829,384 (2024 : £758,153). Total expenditure was £530,674 (2024 : £482,768). Total reserves at the year-end are £1,164,990 (2024 : £730,433). This is made up of unrestricted funds of £541,374 (2024 : £319,739) and restricted funds of £623,616 (2024 : £410,694).
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
Recruitment and Appointment of Trustees
The constitution requires a minimum of 5 trustees but has no maximum. Candidates for the trustee board are selected by the existing Trustees from among the members of the church, being individuals sympathetic with the values and objects of the church. Those willing to act who are unanimously approved by the trustee board will then have their appointment put to the annual general meeting of the church.
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CARRUBBERS CHRISTIAN CENTRE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Registered Charity Number: SC011455
Office Bearers: Elders (Trustees):
Staff Members:
Senior Pastor: Associate Pastor: Director of Women's and Evangelistic Ministries: Pastor in Training: Director of Children & Families’ Ministries: Church Administrator: Director of Church Operations:
Principal Address:
Bankers:
Auditor:
65 High Street Edinburgh EH1 1SR
Royal Bank of Scotland 36 St Andrew's Square Edinburgh EH2 2YB
Thomson Cooper 22 Stafford Street Edinburgh EH3 7BD
Virgin Money 177 Bothwell Street Glasgow G2 7ER
Honorary Treasurer:
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CARRUBBERS CHRISTIAN CENTRE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance with the company's articles, a resolution proposing that Thomson Cooper be reappointed as auditor of the company will be put at a General Meeting.
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
The trustees' report was approved by the Board of Trustees.
05-12-25 Date: .............................................
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CARRUBBERS CHRISTIAN CENTRE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CARRUBBERS CHRISTIAN CENTRE
Opinion
We have audited the financial statements of Carrubbers Christian Centre (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charity’s affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
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proper accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
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CARRUBBERS CHRISTIAN CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CARRUBBERS CHRISTIAN CENTRE
Responsibilities of trustees
As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, including fraud
We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: existence and timing of recognition of income, posting of unusual journals along with complex transactions and non-compliance with laws and regulations. We discussed these risks with management, designed audit procedures to test the timing and existence of revenue, tested a sample of journals to confirm they were appropriate and inspected minutes from meetings held by management and trustees for any reference to breaches of laws and regulations. In addition, we reviewed areas of judgement for indicators of management bias to address these risks.
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the officers and other management (as required by the auditing standards).
We reviewed the laws and regulations in areas that directly affect the financial statements including applicable charity and company law and considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.
With the exception of any known or possible non-compliance with relevant and significant laws and regulations, and as required by the auditing standards, our work in respect of these was limited to enquiry of the officers and management of the charity.
We communicated identified laws and regulations and potential fraud risks throughout our team and remained alert to any indications of non-compliance or fraud throughout the audit. However the primary responsibility for the prevention and detection of fraud rests with the trustees.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.
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CARRUBBERS CHRISTIAN CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CARRUBBERS CHRISTIAN CENTRE
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Other matters
In the previous accounting period the trustees considered that the audit requirement of Regulation 10(1) (a) to (c) of the Charities Accounts (Scotland) Regulations 2006 (as amended) did not apply. Therefore the prior period financial statements were not subject to audit.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of Thomson Cooper, Statutory Auditor Edinburgh
05-12-25
.........................
Thomson Cooper is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
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CARRUBBERS CHRISTIAN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Notes Unrestricted funds 2025 £ Income from: Donations and legacies 2 482,963 Investments 3 38,371 Total income 521,334 Expenditure on: Charitable activities 4 435,546 Total expenditure 435,546 Net gains/(losses) on investments 7 135,847 Net income and movement in funds 221,635 Reconciliation of funds: Fund balances at 1 April 2024 319,739 Fund balances at 31 March 2025 541,374 |
Restricted funds 2025 £ 308,050 - 308,050 95,128 95,128 - 212,922 410,694 623,616 |
Total 2025 £ Unrestricted funds 2024 £ 791,013 448,759 38,371 32,782 829,384 481,541 530,674 409,759 530,674 409,759 135,847 - 434,557 71,782 730,433 247,957 1,164,990 319,739 |
Restricted funds 2024 £ 276,612 - 276,612 73,009 73,009 - 203,603 207,091 410,694 |
Total 2024 £ 725,371 32,782 |
|---|---|---|---|---|
| 758,153 482,768 |
||||
| 482,768 | ||||
| - | ||||
| 275,385 455,048 |
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| 730,433 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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CARRUBBERS CHRISTIAN CENTRE
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Investment property 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 13 Unrestricted funds 14 |
2025 £ 15,048 824,167 839,215 (9,225) |
£ 335,000 829,990 1,164,990 623,616 541,374 1,164,990 |
2024 £ 24,239 511,541 535,780 (4,500) |
£ 199,153 531,280 |
|---|---|---|---|---|
| 730,433 | ||||
| 410,694 319,739 |
||||
| 730,433 |
05-12-25
The financial statements were approved by the trustees on .........................
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CARRUBBERS CHRISTIAN CENTRE
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
| Notes Cash flows from operating activities Cash generated from operations 18 Investing activities Investment income received Net cash generated from investing activities Net cash generated from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2025 £ 38,371 |
£ 274,255 38,371 - 312,626 511,541 824,167 |
2024 £ 32,782 |
£ 233,869 32,782 - |
|---|---|---|---|---|
| 266,651 244,890 |
||||
| 511,541 |
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Carrubbers Christian Centre is a registered charity in Scotland and is unincorporated. The address of the principal office is 65 High Street, Edinburgh EH1 1SR.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the next 12 months. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with Charities SORP (FRS 102) the general volunteer time of congregation members is not recognised.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
1.7 Heritage assets
The financial statements are prepared on the historical cost basis, with the exception of heritable property.
The building at 65 High Street, Edinburgh which is owned by the Trust is considered by the Trustees to be a heritage asset for the purposes of the Charities SORP (FRS102, second edition, October 2019). Given the complexity and cost of valuing the building, the Trustees have elected not to recognise the building on the balance sheet of the Trust. This policy will be kept under review. The cost of replacement fixtures & fittings is treated as an expense when incurred and is not included in the accounts as an asset in the Balance Sheet.
Depreciation
No depreciation is provided on the cost of buildings as with regular maintenance it is not expected that their value will decrease materially. Since the cost of replacing fixtures & fittings is treated as an expense, no depreciation charge on these is appropriate.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Income from donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 482,963 | 308,050 | 791,013 | 448,759 | 276,612 | 725,371 |
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2 Income from donations and legacies
(Continued)
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts Regular General Donations 305,687 - Gift Aid & Tax refunds 103,095 - Special Appeals - in/out 11,448 - Logos 3,745 - There is hope 423 - Other Ministry Income 6,685 - Project140/Building fund* 50,000 308,050 Women to Women 108 - Free breakfast/more than a meal 1,772 - 482,963 308,050 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 305,687 302,743 - 103,095 129,037 - 11,448 10,620 - 3,745 3,496 - 423 892 - 6,685 1,971 - 358,050 - 276,612 108 - - 1,772 - - 791,013 448,759 276,612 |
Total 2024 £ 302,743 129,037 10,620 3,496 892 1,971 276,612 - - |
|---|---|---|
| 725,371 |
*The Project140 fund includes direct donations received for the purpose of Project140 during the year. This differs from the internal fundraising metrics shared due to gifts received outside of the time period or pledged for the future, gift aid attributable to these donations, and other funds internal allocated towards P140 not being included in these figures.
3 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Rental income | 27,103 | 29,678 |
| Interest receivable | 11,268 | 3,104 |
| 38,371 | 32,782 |
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4 Expenditure on charitable activities
| Direct costs Staff costs Special Appeals Domestic Missions Support Overseas Missions Support Other staff expenses Direct Ministry Budgets Running Costs Cunningham Memorial Fund Project140 Expenses Difference in staff costs Donations payable Share of support and governance costs (see note 5) Governance Analysis by fund Unrestricted funds Restricted funds 5 Support costs allocated to activities Governance costs Governance costs comprise: Audit fees |
2025 £ 214,886 13,398 9,000 73,350 1,874 8,788 99,525 - 95,128 - 10,000 525,949 4,725 530,674 435,546 95,128 530,674 2025 £ 4,725 2025 £ 4,725 4,725 |
2024 £ 199,461 11,958 9,000 70,582 3,431 19,556 72,076 35 72,562 (393) 20,000 478,268 4,500 482,768 409,759 73,009 482,768 2024 £ 4,500 2024 £ 4,500 4,500 |
|---|---|---|
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
6 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2025 Number 8 2025 £ 187,087 18,270 9,529 214,886 |
2024 Number 8 |
|---|---|---|
| 2024 £ 172,589 16,884 9,988 |
||
| 199,461 |
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The key management personnel of the charity are the Trustees. No trustee received remuneration from the Centre during the year. No trustee received reimbursement of expenses during the year for services provided to the Centre (2023-24: None).
7 Gains and losses on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investment properties | 135,847 | - |
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
9 Investment property
| Fair value At 1 April 2024 Net gains or losses through fair value adjustments At 31 March 2025 |
2025 £ 199,153 135,847 |
|---|---|
| 335,000 |
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
9 Investment property
(Continued)
Investment property comprises of the Manse. The property was bought in 2004 for a consideration of £195,000, excluding legal fees. A valuation was undertaken in June 2025 prior by Shepherd Chartered Surveyors who have concluded the value of the Manse to be £335,000.
10 Debtors
| Amounts falling due within one year: Gift Aid Recoverable Prepayments and accrued income |
2025 £ 6,918 8,130 15,048 |
2024 £ 16,646 7,593 |
|---|---|---|
| 24,239 |
| 11 Creditors: amounts falling due within one year Trade creditors Accruals and deferred income 12 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2025 £ 4,500 4,725 9,225 2025 £ 9,529 |
2024 £ - 4,500 |
|---|---|---|
| 4,500 | ||
| 2024 £ 9,988 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
13 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | ||
| £ | £ | £ | £ | £ | |
| Project140 | 211,541 | 308,050 | (95,128) | - | 424,463 |
| Manse | 199,153 | - | - | - | 199,153 |
| 410,694 | 308,050 | (95,128) | - | 623,616 |
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 13 | Restricted funds | (Continued) | |||||
|---|---|---|---|---|---|---|---|
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March | ||
| 2023 | resources | expended | 2024 | ||||
| £ | £ | £ | £ | £ | |||
| Project140 | - | 276,612 | (72,562) | 7,491 | 211,541 | ||
| Rose of Sharon | 412 | - | (412) | - | - | ||
| Tim Cunningham Memorial | 7,526 | - | (35) | (7,491) | - | ||
| Manse | 199,153 | - | - | - | 199,153 | ||
| 207,091 | 276,612 | (73,009) | - | 410,694 |
Nature and Purpose of Restricted Funds
| Manse | Provides rental income for the general fund |
|---|---|
| Project140 | Church building renovation fund. |
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | Transfers | Gains and | At 31 March | |
|---|---|---|---|---|---|---|
| 2024 | resources | expended | losses | 2025 | ||
| £ | £ | £ | £ | £ | £ | |
| Project 140 | - | - | - | 50,000 | - | 50,000 |
| General funds | 319,739 | 521,334 | (435,546) | (50,000) | 135,847 | 491,374 |
| 319,739 | 521,334 | (435,546) | - | 135,847 | 541,374 | |
| Previous year: | At 1 April | Incoming | Resources | Transfers | Gains and | At 31 March |
| 2023 | resources | expended | losses | 2024 | ||
| £ | £ | £ | £ | £ | £ | |
| General funds | 247,957 | 481,541 | (409,759) | - | - | 319,739 |
During the year, the trustees designated £50,000 of funds for Project 140 . Designated funds represent amounts set aside by the trustees from unrestricted funds for a specific purpose, in this case, the restoration of the church building. Unlike restricted funds, which are subject to external donor-imposed conditions, designated funds remain under the trustees’ control and can be reallocated if necessary. These funds are shown within unrestricted funds in the financial statements but are disclosed separately to provide clarity on their intended use.
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
15 Analysis of net assets between funds
| Unrestricted funds 2025 £ At 31 March 2025: Investment properties 135,847 Current assets/(liabilities) 405,527 541,374 Unrestricted funds 2024 £ At 31 March 2024: Investment properties - Current assets/(liabilities) 319,739 319,739 |
Restricted funds 2025 £ 199,153 424,463 623,616 Restricted funds 2024 £ 199,153 211,541 410,694 |
Total 2025 £ 335,000 829,990 |
|---|---|---|
| 1,164,990 | ||
| Total 2024 £ 199,153 531,280 |
||
| 730,433 |
16 Related party transactions
During the year, a total of £146,349 (2024: £182,684) was donated to the centre by trustees.
received £33 (2024: £106) for reimbursement of expenses.
received £150 (2024: £51) for reimbursement of expenses.
received £3,338 (2024: £8,125) for reimbursement of expenses.
received £2,460 (2024: £nil) for reimbursement of expenses.
The Centre donated £10,000 (2024: £20,000) to a charity, Face to Face, during the year in which is a trustee of.
During the year, the centre received £19,885 (2024: £18,100) of donations from persons related to a trustee.
, received £nil (2024: £35) for reimbursement of expenses.
, received £800 (2024: £678) for reimbursement of expenses.
, received £150 (2024: £200) for reimbursement of expenses.
, received £615 (2024: £nil) for reimbursement of expenses.
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CARRUBBERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
17 Post Balance Sheet Events
On 22 August 2025, the church completed the sale of a manse for £342,000. Prior to the sale, the property was professionally revalued on 20 June 2025, and this updated valuation was reflected in the financial statements as at 31 March 2025 in accordance with the church’s accounting policy for property revaluation.
The sale occurred after the reporting date and does not provide evidence of conditions existing at the yearend; therefore, it is treated as a non-adjusting event under FRS 102. The proceeds from the sale will be recognised in the next financial year.
| 18 Cash generated from operations 2025 £ Surplus for the year 434,557 Adjustments for: Investment income recognised in statement of financial activities (38,371) Fair value gains and losses on investment properties (135,847) Movements in working capital: Decrease/(increase) in debtors 9,191 Increase in creditors 4,725 Cash generated from operations 274,255 |
2024 £ 275,385 (32,782) - (11,934) 3,200 233,869 |
|---|---|
19 Analysis of changes in net funds
The charity had no material debt during the year.
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