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← Grangemouth Gospel Trust

2025-04-05-accounts

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Scottish charity number: SC015898

Grangemouth Gospel Trust

Trustees Report and Unaudited Financial Statements For the year ended 5 April 2025

T B Tax Services Bridge House Pattenden Lane Marden Kent TN12 9QJ

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Contents

Pages
Reference and administrative details 3
Report of the trustees 4-6
Independent examiner’s report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10-16

2

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Reference and Administrative Details For the year ended 5 April 2025

Charity name Grangemouth Gospel Trust
Registered charity number SC015898
Trustees
Treasurer
Principal address
Primary Bankers Bank of Scotland
24 La Porte Precinct
Grangemouth
FK3 8AS
Independent examiner
Sherlocks Chartered Accountants
13 Plantation Way
Whitehill
Hants
GU35 9HD
Accountant T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

3

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Report of the Trustees For the year ended 5 April 2025

The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 10 and comply with the Trust Deed and applicable law.

Structure, governance and management

Governing document

The Trust was constituted by a Deed of Trust. The Trust was registered with the OSCR (Scottish Charity Regulator) on 25 April 1996 under Charity Registration Number SC015898.

Recruitment and appointment of new trustees

The names of the Trustees who served during the year and since the year end are set out on page 3. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2025 (2024: £nil). The number of Trustees shall be not less than three nor more than five.

The Trust operates a Gospel Hall and Trustees are chosen from among the regular congregation of the hall. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the congregation. They are selected according to their skills and experience and are expected to use both in furthering the objects of the Charity. Checks are made to ensure the Trustees’ eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read the Trust Deed and relevant OSCR guidance.

Wider network

The Trustees maintain informal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity. The Charity also maintains particular links with Dundas Gospel Trust, with which it shares members of its congregation.

Risk management

The Trustees have identified and reviewed the major risks to which the Charity is exposed and confirm that they have established systems or procedures to manage and mitigate those risks.

Objectives and activities

Objectives and aims

The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the service of God in accordance with the Old and New Testaments of the Holy Bible as followed by those Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the “Brethren”) and any other charitable purposes connected with Brethren. The core doctrine of the Brethren and proper practices in furtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed.

Main activities and achievements

The Trust provides and maintains a Gospel Hall where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org.

The Trust has continued to engage with the congregation and encouraging good works by them which benefit the wider community, as described below.

4

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2025

Meetings

Meetings held at the Gospel hall include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 30 and 250 people normally attend these occasions.

The meetings are attended by the regular congregation and most are open to other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays the times of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which are distributed by street preachers, also display this information.

Bibles and an extensive range of other Christian reading material are on display at the hall and visitors are free to help themselves.

Spreading the Gospel message and the life of a Christian

The Gospel Hall is a base from which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel, in word and deed.

Members of the congregation participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public.

In carrying out this work, the congregation considers itself to be living out its faith in practice, as particularly exemplified in the following extract from the schedule to the Trust Deed on living a Christian life:

5

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2025

Plans for future periods

Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern.

Funding

Funding is sought through gifts from the congregation and Gift Aid is claimed on eligible donations. Funding is sometimes received from other charitable trusts with complementary objectives.

Financial review

Financial position

During the year the Trust made an unrestricted general fund surplus of £79,459 (2024: deficit £(59,823)), and holds cash reserves at 5 April 2025 of £125,322 (2024: £47,265). There is a total unrestricted general reserve balance of £128,456 (2024: £212,331).

Total voluntary income received this year was £117,612 (2024: £234,898)

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs, based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. The Trustees aim to ensure that the charity has sufficient reserves to continue to fulfil its charitable objectives.

The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and the Trustees aim to ensure that the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure, by raising a funds appeal to the congregation.

Free reserves at the year end were £128,114 (2024: £49,654)

Statement of Trustees’ responsibilities

The trustees are responsible for keeping proper accounting records which 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 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. 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. All transactions are reviewed and approved by at least two trustees.

==> picture [137 x 77] intentionally omitted <==

1/3/2026

Date: ..........................................

6

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Independent Examiner’s report to the Trustees For the year ended 5 April 2025

I report to the trustees on my examination of the accounts of Grangemouth Gospel Trust for the year ending 5 April 2025.

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 Act) and the Charities Accounts (Scotland) Regulations 2006. The charity’s trustees consider that the audit requirement of Regulation 10(1)(d) of the Accounts Regulations does not apply. It is my responsibility to state, on the basis of my examination as required under section 44(1)(c) of the Act, whether particular matters have come to my attention.

BASIS OF THE INDEPENDENT EXAMINERS REPORT

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 whether the accounts present a ‘true and fair view’.

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:

  2. Proper accounting records are kept in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations and

  3. To prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

Have not been met, or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

==> picture [107 x 91] intentionally omitted <==

Sherlocks Chartered Accountants 13 Plantation Way Whitehill Hants GU35 9HD

7

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Statement of Financial Activities For the year ended 5 April 2025

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the congregation
Gift Aid donations
Income tax refunds
Donated services
Other donations
Grants from other Trusts
Investments
Bank interest
Other -
Total
Expenditure on:
Charitable activities
Running meeting rooms
Charitable events
Cost of donated services
4
Total
5
Net income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Unrestricted
funds
designated
Total
funds
Total
funds
funds
2025
2024
£
£
£
£
6,700
0
6,700
63,695
40,950
0
40,950
37,300
11,170
0
11,170
107,122
2,792
0
2,792
26,781
0
0
0
0
0
0
0
0
56,000
0
56,000
0
247
0
247
0
0
0
117,859
0
117,859
234,898
29,344
0
29,344
28,711
1,321
0
1,321
264,942
7,735
0
7,735
1,068
38,400
0
38,400
294,721
79,459
0
79,459
(59,823)
(163,334)
163,334
0
0
(83,875)
163,334
79,459
(59,823)
212,331
401,240
613,571
673,394
128,456
564,574
693,030
613,571

The notes on pages 10 to 16 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.

8

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Balance Sheet For the year ended 5 April 2025

Notes
Fixed assets
Intangible assets
Tangible fixed assets
6
Current assets
Debtors
Loans
Prepayments and accrued income
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year:
Accruals and deferred income
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year:
Loans
Net assets
Funds
Unrestricted income fund
Designated fund
Unrestricted designated fund
Total charity funds
7		 0
564,916		 2025
£
564,916
128,114		 0
563,917		 2024
£
563,917
49,654
0
0
2,792
125,322		 0
0
2,389
47,265
128,114
0		 49,654
0
693,030
0		 613,571
0
693,030 613,571
128,456
0
564,574		 212,331
0
401,240
693,030 613,571

The unaudited financial statements were approved and authorised for issue by the Trustees of Grangemouth Gospel Trust on 1/3/2026 and signed on their behalf by

==> picture [107 x 73] intentionally omitted <==

The notes on pages 10 to 16 form part of these financial statements.

9

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

1. Accounting policies

1.1 Basis of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Second edition of Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Scotland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in Scotland (FRS 102), and Scottish Generally Accepted Practice.

The functional currency of the charity is sterling (£).

The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Income

Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates.

Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to Dundas Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

Investment income is accounted for on a receivable basis.

1.3 Expenditure

Expenditure is included on an accruals basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable activities comprise those costs directly attributable to the fulfilment of the charitable objects.

1.4 Governance and support costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets (costing more than £500) are stated at cost less depreciation. Freehold land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Freehold buildings Not depreciated Fixtures and Fittings/Plant & Equipment 5 years

10

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

1.6 Taxation

The Trust is a registered charity and is not liable to United Kingdom income or corporation tax on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes.

1.7 Funds

The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust’s charitable objects.

The Unrestricted Designated fund is funds held on behalf of the Dundas Gospel Hall Trust for the purposes of building a new hall, and the value of the main hall.

Restricted funds arise from donations to the trust, which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given.

1.8 Preparation of consolidated financial statements

The Charity does not have a trading subsidiary and there is no requirement to prepare consolidated accounts

1.9 Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

1.10 Significant estimates and judgements

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

2. Trustees’ remuneration and expenses

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2024: None).

3. Wages and salaries

There are no employees (2024: none).

4. Donated services

.
Donated services
Donated to:
Dundas Gospel Trust		 2025
£
7,735
7,735		 2024
£
1,068
1,068

11

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

5. Resources expended

Current year
Direct costs:
Insurance
Repairs & Maintenance
Bank charges
IT costs
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs
Prior year
Direct costs:
Insurance
Repairs & Maintenance
Bank charges
IT costs
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs		 Meeting
rooms
£
2,180
11,428
0
0
10,912
0
0
2,964
0
1,860
29,344
Meeting
rooms
£
2,308
8,742
0
0
14,224
0
0
1,637
0
1,800
28,711		 Other charitable
activities
£
0
0
0
0
0
250
900
0
171
0
1,321
Other charitable
activities
£
0
0
0
0
0
261,964
924
0
2,054
0
264,942		 2025
£
2,180
11,428
0
0
10,912
250
900
2,964
171
1,860
30,665
2024
£
2,308
8,742
0
0
14,224
261,964
924
1,637
2,054
1,800
293,653

Governance costs include £1,860 (2024: £1,800) in respect of independent examiner’s fees.

12

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

6. Tangible Fixed assets

Cost
B/f at 06/04/2024
Additions
At 5 April 2025
Depreciation
B/f at 06/04/2024
Charge for the year
At 5 April 2025
Net book value
At 5 April 2025
At 5 April 2024
Property Details
Kirk Entry, Polmont		 Freehold
Property
See
Below
563,404
1,170
564,574
0
0
0
564,574
563,404
Title No
STG
29086		 Plant &
Equipment
43,433
0
43,433
42,920
171
43,091
342
513		 Fittings &
Fixtures
9,379
0
9,379
9,379
0
9,379
0
0		 Total
616,216
1,170
617,386
52,299
171
52,470
564,916
563,917

7. Analysis of net assets between funds

7.1 Current year

Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds		 Unrestricted
funds
£
0
128,456
0
0
128,456		 Unrestricted
designated
funds
564,916
(342)
0
0
564,574		 Designated
funds
£
0
0
0
0
0		 Total
£
564,916
128,114
0
0
693,030

13

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

7.2 Prior year

Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds		 Unrestricted
funds
£
0
212,331
0
0
212,331		 Unrestricted
designated
funds
563,917
(162,677)
0
0
401,240		 Designated
funds
£
0
0
0
0
0		 Total
£
563,917
49,654
0
0
613,571

8. Movement in unrestricted funds

Current year
Unrestricted income fund
Other assets
Liabilities
Total funds
Prior year
Unrestricted cash funds
Other assets
Liabilities
Total funds		 Balance
at 6
April
2024
£
212,331
0
0
212,331
Balance
at 6
April
2023
£
12,154
0
0
12,154		 Incoming
resources
£
117,859
0
0
117,859
Incoming
resources
£
234,898
0
0
234,898		 Resources
expended
£
(38,400)
0
0
(38,400)
Resources
expended
£
(34,721)
0
0
(34,721)		 Other
movements
£
(163,334)
0
0
(163,334)
Other
movements
£
0
0
0
0		 Balance
at 5 April
2025
£
128,456
0
0
128,456
Balance
at 5 April
2024
£
212,331
0
0
212,331

14

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

9. Movement in Unrestricted Designated Funds

Current year
Fixed assets
Dundas Gospel Trust
Total funds
Prior year
Fixed assets
Dundas Gospel Trust
Total funds		 Balance
at 6
April
2024
£
401,240
0
401,240
Balance
at 6
April
2023
£
563,404
97,836
661,240		 Incoming
resources
£
0
0
0
Incoming
resources
£
0
0
0		 Resources
expended
£
0
0
0
Resources
expended
£
0
(260,000)
(260,000)		 Other
movements
£
163,334
0
163,334
Other
movements
£
(162,164)
162,164
0		 Balance
at 5 April
2025
£
564,574
0
564,574
Balance
at 5 April
2024
£
401,240
0
401,240

Purposes of designated funds

Fixed Assets

Fixed Assets purchased by the Charity to further its charitable purposes.

Dundas Gospel Trust

Collections being taken to fund a new Gathering Room for the Lord’s Supper.

10. Transactions with related parties

No salaries or wages have been paid to the trustees during the year in their capacity as a Trustee.

During the year there were donations of £3,050 (2024: £8,057) from Trustees and persons related to Trustees.

During the year there were payments made of £2,165(2024: £Nil) to Trustees and persons related to Trustees for expenses incurred on behalf of the Trust.

11. Volunteers

Grangemouth Gospel Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

15

Docusign Envelope ID: AFBD62FF-C656-40AC-B96E-C30D1E1348BB

Grangemouth Gospel Trust

Notes to the Financial Statements For the year ended 5 April

12. Comparative Statement of Financial Activities

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the
congregation
Gift Aid donations
Income tax refunds
Donated services
Other donations
Grants from other Trusts
Investments
Bank interest
Other -
Total
Expenditure on:
Charitable activities
Running meeting rooms
Charitable events
Cost of donated services
4
Total
5
Net income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Unrestricted
designated
funds
Designated
funds
Total
funds
2024
£
£
£
63,695
0
0
63,695
37,300
0
0
37,300
107,122
0
0
107,122
26,781
0
0
26,781
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
234,898
0
0
234,898
28,711
0
0
28,711
4,942
260,000
0
264,942
1,068
0
0
1,068
34,721
260,000
0
294,721
200,177
(260,000)
0
(59,823)
0
0
0
0
200,177
(260,000)
0
(59,823)
12,154
661,240
0
673,394
212,331
401,240
0
613,571

16