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← Hillview Community Church

2025-05-31-accounts

Charity number SC020153

HILLVIEW COMMUNITY CHURCH

FINANCIAL STATEMENTS FOR THE YEAR TO 31 MAY 2025

HILLVIEW COMMUNITY CHURCH 1

REPORT OF THE TRUSTEES FOR THE YEAR TO 31 MAY 2025

The Trustees are pleased to present their Annual Report together with the Financial Statements of the Church for the year ended 31 May 2025.

Objectives and Activities :

The church’s objectives are the advancement of the Christian faith primarily in Aberdeen, Aberdeenshire and also throughout Scotland and the rest of the world by all means consistent with the teachings of the Christian Bible including worship, ministry, mission, church planting, prayer, witness, education, community service and the support of agencies and individuals and other charitable organisations involved in Christian missionary work and the relief of hardship or other social needs.

These objectives of the church are fulfilled through the following activities:

Achievements and Performance :

Significant achievements in the performance of these activities during the year include the following:

In relation to activities :

In relation to funding :

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HILLVIEW COMMUNITY CHURCH 2

REPORT OF THE TRUSTEES (CONT) FOR THE YEAR TO 31 MAY 2025

Financial information and Reserves :

The Church receives its funding from Church Members by way of weekly offerings and Gift Aid donations. The financial statements are set out on pages 4 to 11. The Statement of Financial Activities on page 4 reflects a net increase in funds of £909 (2024 – £261,466). £254,107 of the 2024 funds increase was a result of contributions received towards the purchase and refurbishment of a building for the Kintore fellowship.

It is the policy of the Church to maintain unrestricted funds, i.e. funds not committed or invested in fixed assets, at a level which equates to approximately three months unrestricted expenditure. This allows sufficient funds to enable the ongoing work of the Church to be maintained. The General Fund at 31 May 2025 amounted to £38,146 (2024 - £36,963) which is just under 2 months of unrestricted expenditure which is an improvement on the 2024 position. The Trustees determined that this risk was acceptable on the basis that it was a short term imbalance and steps can be taken to manage expenditure in order to restore the funds position to align with the policy. Total reserves including the net book value of fixed assets amounted to £1,167,959 (2024 – £1,167,050). The Trustees are satisfied that it is appropriate to report on the financial affairs on a going concern basis.

The Church makes grants from its income to individuals and organisations that are generally known to the Trustees and the Church. The beneficiaries are involved in activities or ministries compatible with the Church’s objectives.

Risk management :

The Trustees assess the major risks to which the charity is exposed on an ongoing basis and, as a result of this process, establish procedures to mitigate those risks that are identified. A risk register is maintained with identified mitigations and owners and it is subject to annual review.

Despite the continuing increase in cost of living through 2025, the income of the church has been maintained and significant contributions have also been made to the funding of new church premises in Kintore. There are therefore no concerns over the financial sustainability of the church as a charity and the Trustees consider it appropriate to adopt the going concern basis for the financial statements.

Fundraising :

Hillview Community Church does not employ professional fundraisers and has not sought to register with the Fundraising Regulator but complies with all the relevant sections of the Fundraising Regulator’s Code of Fundraising Practice.

Structure, Governance and Management:

Hillview Community Church is an unincorporated association and is governed by its Constitution dated December 2016. The Church is congregational in its form of government: that is, important matters are decided by a vote of the membership. Its day to day running is undertaken by the Elders who are the Trustees of the charity. The Church is affiliated to the Baptist Union of Scotland.

The Trustees of the Church are the Pastors and the Lay Elders. Pastors are recruited through a process of discussion and interview to fill posts considered to be required by the Trustees and are appointed by members voting at a church meeting with support of 75% of those voting being required to support an appointment. There is no fixed tenure for a s are nominated and elected by the members of the Church to serve for a period of three years at which time they are eligible for re-election. Prior to their appointment would have served the Church for some time in various roles and would be familiar with the Church’s values, its aims and objectives as well as the day to day operations. As part of their induction programme all new Trustees are required to understand their statutory responsibilities.

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HILLVIEW COMMUNITY CHURCH 3

REPORT OF THE TRUSTEES (CONT) FOR THE YEAR TO 31 MAY 2025

Plans for future periods :

There has been continued growth at Kintore in both the numbers of people involved in the church and the increase in donations. Activities and ministries have also continued to grow at Hillview with an increase in membership. Looking ahead at this next period it is anticipated that there will be continued growth at Hillview and Kintore providing sufficient financial stability for Kintore to operate as a separate charity. This will provide the opportunity for these two local churches to better serve the two separate communities in Aberdeen and Aberdeenshire of which they are a part. Consequently, the church membership passed a motion for the current charity to be wound up and for two separate SCIOs to be formed in its place. Applications have been accepted by OSCR to set up these two charities going forward and it is anticipated that in this next financial year the current charity’s assets will be transferred to the new charities.

Reference and administrative information:

Charity name: OSCR registration number: Trustees:

Business address:

Independent examiner: Bankers:

Hillview Community Church

SC020153

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Brian Miller BA CA 94 Blenheim Place Aberdeen, AB25 2DY Bank of Scotland Aberdeen Upperkirkgate Branch PO Box 1000, BX2 1LB

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HILLVIEW COMMUNITY CHURCH

4

REPORT OF THE TRUSTEES (CONT) FOR THE YEAR TO 31 MAY 2025

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing their Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (UK GAAP).

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 charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements which give a true and fair view, the Trustees are required to:

The Trustare r e sponsiblees for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the applicable law and regulations. 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

Approved on behalf of the Trustees

Colin Deddis, Trustee

Date: : 24] 01] 26

HILLVIEW COMMUNITY CHURCH

5

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025

I report on the accounts of the charity for year ended 31 May 2025 which are set out on pages 6 to 16.

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 and the Charity Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

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 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:

  2. = to keep accounting records 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 8 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.

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Date: 98 [Ol] ae.
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HILLVIEW COMMUNITY CHURCH 6

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025

General Designated Restricted Total General Designated Restricted Total
Fund Funds Funds 2025 Fund Funds Funds 2024
£ £ £ £ £ £ £ £
Income and endowments from:
Donations and legacies (note 3) 313,001 8,733 321,734 260,015 313,788 573,803
Charitable activities (note 4) 27,935 27,935 23,341 23,341
Other 366 3,010 3,376 -
Total income 341,302 - 11,743 353,045 283,356 - 313,788 597,144
Expenditure on:
Raising funds 1,195 1,195 1,060 1,060
Charitable activities (note 5) 302,182 11,163 313,345 298,506 11,081 309,587
Other (depreciation) 29,774 7,822 37,596 22,707 2,324 25,031
Total expenditure 303,377 29,774 18,985 352,136 299,566 22,707 13,405 335,678
Net income/(expenditure) 37,925 (29,774) (7,242) 909 (16,210) (22,707) 300,383 261,466
Transfers between funds (36,742) 36,798 (56) - (6,901) 6,901 - -
Net movement in funds 1,183 7,024 (7,298) 909 (23,111) (15,806) 300,383 261,466
Reconciliation of funds:
Total funds brought forward 36,963 724,096 405,991 1,167,050 60,074 739,902 105,608 905,584
Total funds carried forward 38,146 731,120 398,693 1,167,959 36,963 724,096 405,991 1,167,050

HILLVIEW COMMUNITY CHURCH

7

BALANCE SHEET AS AT 31 MAY 2025

2025
Unrestricted		 2025
Restricted		 2025
Total		 2024
Total
£ £ £ £
ASSETSAND
LIABILITIES
Fixed assets
Tangibleassets(note11)		 731,120 379,513 1,110,633 1,058,256
Current assets
Debtors (note12)
CashatBankandinhand		 31A48
27,681
59,129		 -
19,180
19,180		 31A48
46,861
78,309		 83,388
55,611
138,999
Current liabilities
Creditorsduewithinone 20,983 - 20,983 30,205
year (note13)
NetCurrentAssets 38,146 19,180 57,326 108,794
TOTALNETASSETS 769,266 398,693 1,17,959 1,167,050
REPRESENTED BY:
RestrictedFunds(note15)		 398,693 405,991
UnrestrictedFunds (note 15)
GeneralFund		 38,146 36,963
DesignatedFunds
Assets
TotalUnrestricted Funds		 731,120
769,266		 724,096
761,059
1,167,959 1,167,050

Approved on behalf of the Trustees:

Date: “)-F ©) a¥a7¥4

HILLVIEW COMMUNITY CHURCH 8

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MAY 2025

Net cash provided by operating activities (note 14)
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash used by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash equivalents carried forward		 2025
£
81,223
89,974
89,974
(8,750)
55,611
46,861		 2024
£
270,209
267,588
267,588
2,621
52,990
55,611

HILLVIEW COMMUNITY CHURCH 9

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MAY 2025

1. BASIS OF PREPARATION AND ACCOUNTING POLICIES

1.1 Basis of Preparation

The charity constitutes a public benefit entity as defined by FRS102. The Financial Statements have been prepared on a going concern basis under the historical cost convention and in accordance with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Charities SORP (FRS102) second edition – October 2019. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

1.2 Accounting Policies

The principal accounting policies, which have been applied consistently, are set out below.

Church Income

All voluntary income and bank interest is accounted for when received. Income from tax recovery on Gift Aid donations is accounted for on an accruals basis. Grants and other income are credited to the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable certainty.

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay. Any costs directly attributable to specific categories have been included in those cost categories in the SOFA. Other costs, which are attributable to more than one activity, are apportioned across categories on the basis of a proportionate estimate.

Cash and cash equivalents

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of twelve months or less from the date of acquisition or opening of the deposit or similar account.

Heritable property is stated at the Trustees’ estimate of market value at the balance sheet date. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Land nil Buildings 2% straight line Fixtures and equipment 20% straight line

Fund Accounting

For the purpose of the Statement of Financial Activities, funds are defined as follows: Unrestricted funds comprise grants and other income received for the objectives of the Church without further specified purpose and are available to be used at the discretion of the Trustees. Within the unrestricted funds, the Trustees have designated certain amounts for a specific purpose and the remainder are stated as general funds. Designated funds are unrestricted funds earmarked by Trustees for particular purposes.

Restricted funds comprise grants and other income which has been received for the objectives of the church for a purpose specified by the donor within these objectives.

Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Financial Activities.

HILLVIEW COMMUNITY CHURCH 10

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MAY 2025 (cont)

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective investment rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and best estimate, which is an approximation of the amount that the charity would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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 asset simultaneously.

Financial assets are derecognised when the contractual rights to the cashflows from the asset expire, or when the charity has transferred substantially all the risks and rewards of ownership. Financial assets are derecognised only once the liability has been extinguished through discharge, cancellation or expiry.

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for twelve months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Donated Services and Facilities

Donated services and facilities are recognised as income when the charity has control over them, any related conditions have been met, the receipt of the economic benefit from use is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), general volunteer time of congregation members is not recognised. Donated services and facilities are recognised on the basis of the value to the charity being the amount the charity would be willing to pay for services or facilities of equivalent economic benefit. A corresponding amount is recognised as expenditure in the period of receipt.

Taxation

Hillview Community Church is recognised as a charity for the purpose of applicable taxation legislation and is therefore not subject to tax on its charitable activities. The charity is not registered for VAT and expenditure therefore includes irrecoverable input VAT.

2. JUDGEMENTS IN APPLYING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets ad liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

The Trustees are satisfied that the accounting policies are appropriate and applied consistently. Key sources of information have been applied in determining the depreciation rates and the gift aid debtors.

HILLVIEW COMMUNITY CHURCH 11

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MAY 2025 (cont)

3. INCOME FROM DONATIONS AND LEGACIES

General Designated Restricted Total Total
Fund Funds Funds 2025 2024
£ £ £ £ £
Gift Aid reclaimed 40,240 - - 40,240 55,040
Gifts and offerings 272,761 - 8,733 281,494 518,763
313,001 - 8,733 321,734 573,803
Of the £573,803 of income from donations and legacies for 2024, £260,015 was for the General
Fund and £313,788 was restricted.

4. INCOME FROM CHARITABLE ACTIVITIES

General Designated Restricted Total Total
fund funds funds 2025 2024
£ £ £ £ £
External use of building 27,935 - - 27,935 23,341
27,935 - - 27,935 23,341
All of the £23,341 of income from charitable activities for 2024 was for the General Fund.

5. EXPENDITURE ON CHARITABLE ACTIVITIES

General Designated Restricted Total Total
fund funds funds 2025 2024
£ £ £ £ £
Staff costs (note 6) 166,396 - 8,733 175,129 168,073
Support costs (note 9) 83,566 - - 83,566 79,931
Other direct cost (note 10) 52,220 - 2,430 54,650 61,583
302,182 - 11,163 313,345 309,587

Of the £309,587 of expenditure on charitable activities for 2024, £298,506 was from the General Fund and £11,081 was from Restricted Funds. The analysis of 2025 Charitable Activities costs by activity is as follows:

Activities Grants to Grants to Support Total
undertaken institutions individuals costs
directly
£ £ £ £ £
Worship and fellowship 194,363 83,566 277,929
Baptist Union of 4,800 4,800
Scotland contributions
Missions support
JD & AR Groves 4,400 4,400
Martin Mohr 3,500 3,500
All Nations 3,500 3,500
Operation Mobilisation 7,000 7,000
Inter. Justice Mission 3,650 3,650
Bethany Christian Trust 2,020 2,020
Open Doors 1,750 1,750
20 Schemes 1,500 1,500
Other mission support 2,840 456 3,296
194,363 27,060 8,356 83,566 313,345

HILLVIEW COMMUNITY CHURCH 12

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MAY 2025 (cont)

6. STAFF COSTS AND NUMBERS

STAFF COSTS AND NUMBERS
2025 2024
£ £
Wages and salaries 142,609 135,206
Employer NI costs 9,626 8,391
Pension contributions 9,341 7,982
Expenses 13,553 16,494
175,129 168,073
Average number of employees during the year 4 4
Average number of FTE employees during the year 3 3

No employee received emoluments of over £60,000 during the year (2024 – Nil)

Trustees Remuneration

The church pastors are Trustees and are remunerated and reimbursed expenses for carrying out their ministry. No Trustee is remunerated for their services as Trustee. is employed as Pastor of the church and is also a Trustee. During the year he received £53,183 (2024 - £51,785) as salary, £3,600 (2024 - £3,600) as pension contributions and £7,162 (2024 - £9,041) as other benefits.

is employed as Pastor and is also a Trustee. During the year he received £47,332 (2024 - £44,867) as salary, £3,600 (2024 - £3600 as pension contributions and £3,596 (2024 - £3,384) as other benefits.

An arrangement exists between the church with and for the joint purchase of a property. The church has beneficial ownership of a 43.5% interest in the property which is occupied by the who have beneficial ownership of the other 56.5% interest in the property. Each beneficial owner was responsible for their proportionate share of capital costs and will be entitled to that share of proceeds on disposal.

Related Party transactions

During the year a total of £60,041 was donated to the church by trustees and connected persons.

During the year payments of £875 (2024 - £60) were made to Kerusso Trust where Colin Deddis was a Trustee and £3,650 (2024 - £4,064) to International Justice Mission where Colin Ross is a Trustee.

7. PENSIONS

The Church contributes to defined contribution pension plans for the church pastors and staff. The ongoing profit and loss charge for the period is the employer contributions payable under these arrangements. The total pension cost for the Church was £9,341 (2024 - £7,982).

8. CONTRIBUTION OF VOLUNTEERS

In common with most churches, the church benefits substantially from the contribution made by volunteers who give their time and talents willingly for the benefit of the activities of the church. All areas of church life rely on the contribution of volunteers and much of the activity would be unable to continue were it not for the commitment shown.

HILLVIEW COMMUNITY CHURCH 13

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MAY 2025 (cont)

9. SUPPORT COSTS

9. SUPPORT COSTS
2025 2024
£ £
Copier 763 766
Insurances 9,878 8,299
Utilities 31,405 25,615
Cleaning 9,500 7,603
Repairs & maintenance 16,630 8,437
Admin, office & stationery 3,768 2,675
Telephone 3,411 2,826
Other support costs 6,276 5,710
Independent examination & other professional fees 1,935 -
Audit fees - 18,000
83,566 79,931
10. OTHER DIRECT COSTS
2025 2024
£ £
Local Ministries
Pulpit supply 600 1,035
Hospitality & coffee fellowship 2,886 3,102
Worship expenses 3,528 4,519
Outreach ministries 3,855 4,106
Children’s ministries 1,632 1,049
Other ministries 284 499
Pastoral resources/hospitality/benevolence 3,502 756
Youth ministries 2,947 4,582
Church family weekend - 9,511
19,234 29,159
National & Overseas Ministries
Missionary support (note 6) 30,616 27,624
Support for external organisations (note 6) 4,800 4,800
35,416 32,424
Total Other Direct Costs 54,650 61,583
11. TANGIBLE FIXED ASSETS
Heritable Kintore Manse
Property Building Property Equipment Total
£ £ £ £
Cost
At 1 June 2024 956,892 221,728 193,433 83,958 1,456,011
Additions 10,893 49,239 - 29,842 89,974
Disposals - - - - -
At 31May 2025 967,785 270,967 193,433 113,800 1,545,985
Depreciation
At 1 June 2024 289,686 - 34,818 73,251 397,755
Disposals - - - - -
Charge for year 19,356 5,419 3,869 8,953 37,597
At 31 May 2024 309,042 5,419 38,687 82,204 435,352
Net book value
At 31May 2025 658,743 265,548 154,746 31,596 1,110,633
At 31 May 2024 667,206 221,728 158,615 10,707 1,058,256

HILLVIEW COMMUNITY CHURCH 14

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MAY 2025 (cont)

12. DEBTORS

12. DEBTORS
2025 2024
£ £
Gift Aid debtor 23,619 52,959
Refund due from utility company - 8,686
Prepaid expenses 7,829 21,743
31,448 83,388
13. CREDITORS
2025 2024
£ £
Independent examiner fees 1,000 -
Audit fees - 18,000
Other creditors due within one year 19,983 12,205
20,983 30,205

14. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net movement in funds for the period (per SOFA)
Adjustments for:
Depreciation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities		 2025
£
909
37,596
51,940
(9,222)
81,223		 2024
£
261,466
25,031
(40,203)
23,915
270,209

15. FUNDS

Current year

General fund
Designated assets fund
Restricted funds
Kintore devt. fund
Kintore bldg fund - cash
Kintore bldg fund – asset
Bathroom renewal – cash
Bathroom renewal – asset
Courtyard fund – cash
Courtyard fund – asset
Mission activity fund
Kintore outreach fund
Magnitude festival
Specific gifts fund
Restricted funds total		 Balance at
31.05.24
Income Expenditure
Transfers
Balance at
31.05.25
£
£
£
£
£
36,963
341,302
(303,377)
(36,742)
38,146
724,096
(29,774)
36,798
731,120
3,500
-
-
-
3,500
39,939
-
-
(49,238)
(9,299)
221,728
-
(5,419)
49,238
265,547
18,132
-
-
-
18,132
68,717
-
(1,432)
-
67,285
3,993
-
-
(3,993)
-
43,715
-
(971)
3,937
46,681
3,767
-
-
-
3,767
2,500
-
-
-
2,500
-
2,380
(1,800)
-
580
-
9,363
(9,363)
-
-
405,991
11,743
(18,985)
-
398,693
1,167,050
353,045
(352,136)
-
1,167,959

HILLVIEW COMMUNITY CHURCH 15

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MAY 2025 (cont)

15. FUNDS (cont)

Previous year

Previous year
General fund
Designated assets fund
Restricted funds
Kintore devt. fund
Kintore bldg fund - cash
Kintore bldg fund – asset
Bathroom renewal – cash
Bathroom renewal – asset
Courtyard fund – cash
Courtyard fund – asset
Mission activity fund
Kintore outreach fund
Specific gifts fund
Restricted funds total		 Balance at
01.06.23
Income Expenditure
Transfers
Balance at
31.05.24
£
£
£
£
£
60,074
283,356
(299,566)
(6,901)
36,963
739,902
-
(22,707)
6,901
724,096
3,500
-
-
-
3,500
1,875
254,107
-
(216,043)
39,939
5,685
-
-
216,043
221,728
18,132
-
-
-
18,132
70,149
-
(1,432)
-
68,717
-
48,600
-
(44,608)
3,993
-
-
(892)
44,608
43,715
3,767
-
-
-
3,767
2,500
-
-
-
2,500
-
11,081
(11,081)
-
-
105,608
313,788
(13,405)
-
405,991
905,584
597,144
(335,678)
-
1,167,050

Explanation of funds

The General Fund comprises all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted.

The Designated Assets Fund comprises the net book value of the fixed assets of the Church to the extent purchased with unrestricted funds.

The Kintore Development Fund comprises the amount of specific contributions received for the further development of the Kintore ministry which have not yet been applied.

The Kintore Building Fund comprises specific donations received in connection with a building for the Kintore ministry, whether held in cash or invested to date. Cash balances held in the fund and the value of the net investment are shown separately above.

The Bathroom Renewal Fund comprises specific gifts for the purpose of building new bathrooms for the church, whether held in cash or invested to date. Cash balances held in the fund and the value of the net investment are shown separately above.

The Courtyard Fund comprises specific gifts for the purpose of enhancing the courtyard areas of the Hillview church premises. Cash balances held in the fund and the value of the net investment are shown separately above.

The Restricted Mission Activity Fund comprises the contributions made to fund the mission trip to South Africa which have not yet been applied to that activity.

The Kintore Outreach Fund comprises specific donations made by members of the Kintore Church Fellowship for use in outreach work.

The Magnitude Festival Fund comprises the contributions made in connection with the visit to Magnitude festival in 2025 which have not yet been applied to that activity.

The specific gifts comprises amounts collected for passing on to designated organisations or for contribution to funding of specific church activities during the year.

HILLVIEW COMMUNITY CHURCH 16

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MAY 2025 (cont)

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

General Designated Restricted Total
Fund Funds Funds Funds
2025 2025 2025 2025
£ £ £ £
Tangible fixed assets - 731,120 379,513 1,110,633
Current assets excl cash 31,448 - - 31,448
Cash 27,681 - 19,180 46,861
Current liabilities (20,983) - - (20,983)
38,146 731,120 398,693 1,167,959
General Designated Restricted Total
Fund Funds Funds Funds
2024 2024 2024 2024
£ £ £ £
Tangible fixed assets - 724,096 334,160 1,058,256
Current assets excl cash 57,382 - 26,006 83,388
Cash 9,786 - 45,825 55,611
Current liabilities (30,205) - - (30,205)
36,963 724,096 405,991 1,167,050

17. FUNDS TRANSFER

An amount of £36,798 (2024 - £6,901) was transferred from the General Fund to the Designated Assets Fund in line with the normal practice adopted to reflect fixed asset purchases made from the unrestricted funds.

An amount of £49,238 (2024 - £216,043) was transferred from the Kintore building fund – cash to the Kintore building fund – assets in order to show separately the NBV of the assets within the Kintore building restricted fund.

An amount of £3,937 (2024 - £44,608) was transferred from the Courtyard fund – cash to the Courtyard fund – assets in order to show separately the NBV of the assets within the Courtyard restricted fund.

An amount of £56 was transferred from the Courtyard fund – cash to the General Fund as any further purchases to complete the work will be paid out of the General Fund (£6,957 to date).