REGISTERED CHARITY NUMBER: SC002313
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Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for Dundee Associated Presbyterian Church
Dundee Associated Presbyterian Church
Contents of the Financial Statements for the Year Ended 31 December 2024
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|Report of the Trustees|1|to2|
|Independent|Examiner's Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6|
|Detailed|Statement of Financial|Activities|7|
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Dundee Associated Presbyterian Church
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity‘ for the year ended 31 pcebermle2024. carnTh trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of et licable in the applicable to charities preparing their accounts in accordance with the Financial Reporting Standard app UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
The church's main objectives are to glorify God and to work for the advancement of Christ's; Kingdom; withinthin the the local community and throughout the world. Worship services were held in Dundee and Invergowrie.
ACHIEVEMENT AND PERFORMANCE
During 2024 the congregation continued to meet for worship.
FINANCIAL REVIEW
Reserves policy
The church's principal source of income is weekly offerings at the services, augmented by gift aid tax repayments where appropriate. At the year end the church held unrestricted funds of £119,792. The trustees consider this a reasonable reserve to carry forward to 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The charity trustees are members of the Kirk Session (elders) and Deacons' Court. The elders and deacons are elected by the congregation from those members considered to have the appropriate gifts and skills. The minister of the congregation is an elder and deacon ex officio and acts as Moderator of the Kirk Session and Chairman of the Deacons' Court. All elders are also deacons.
The Kirk Session is responsible for the spiritual affairs within the congregation and the Deacons’ Court for financial matters.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number $C002313
tu Approved by orderofthe board oftrustees on NG. OWARCH Zar S and signed on its behalf by:
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hree endent Examiner's. Report to the Trustees of undee Associated Presbyterian Church
ix.
I report on the accounts for the year ended 31 December 2024 set out on pages four fo s!
Respective. responsibilities of trustees‘ and examinercat i rdance with; the terms of the Charities+i The charity's trustees are responsible for the preparation of the anne oad» Regulations 3006 (as amended). The and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Sco F the Accounts Regulations does not charity's trustees consider that the audit requirement of Regulation 10(1)(a) to ©‘Mi o of the Act and to state whether apply. It is my responsibility to examine the accounts as required under Section 44(1) particular matters have come to my attention. MyBasisexaminationof the independentwas carriedexaminer'sout in accordancereport with Regulation 11 of the Charities Accounts (Scotland) Regi evieon: 2006 (as amended), An examination includes a review ofthe accounting records kept by the charity a : co ee he of the accounts presented with those records. It also includes consideration of any unusual items or disc sure te de accounts. and seeking explanations from you as trustees concerning any such matters. The procedures un erta cen not provide all the evidence that would be required in an audit, and consequently I do not express an au it opinion on the view given by the accounts. Independent examiner's statement In the course of course of of my examination, no matter has come come to my attention: my attention: attention: (1) which gives me reasonable me reasonable reasonable cause to believe that, in any material any material material respect, the requirements requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and ; - to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
Independent examiner's statement In the course of course of of my examination, no matter has come come to my attention: my attention: attention:
- (1) which gives me reasonable me reasonable reasonable cause to believe that, in any material any material material respect, the requirements requirements
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: ([h.3 A?
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Dundee Associated Presbyterian Church
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|Statement of|Financial|Activities|)|
|for|the|Year|Ended 31|December|2024|
|31.12.24|31.12.23|
|Unrestricted|Total|funds|
|fund|
|Notes|£|F|
|INCOME AND ENDOWMENTS|FROM|826|
|Donations and|interest|45,879|31,820|
|Total|45,879|31,826|
|EXPENDITURE|ON|
|Charitable|activities|
|Advancement of|religion and education| 38,929|_ 33,207|
|NET INCOME|6,950|(1,381)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|112,842|114,223|
|TOTAL FUNDS CARRIED FORWARD|119,792|112,842|
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The notes form part of these financial statements
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EE
Dundee Associated Presbyterian Church
Balance Sheet At 31 December 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total funds | ||
| fund | |||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 119,792 | 111,302 | |
| Debtor(HMRC Gift Aid) | _ | 1,540 | |
| NET CURRENT ASSETS | 119,792 | 112,842 | |
| TOTAL CURRENT ASSETS LESS | |||
| CURRENT LIABILITIES | 119,792 | 112,842 | |
| NET ASSETS | 119,792 | 112,842 | |
| FUNDS | |||
| Unrestricted funds | 119,442 | 112,842 | |
| Music Fund (Designated) | 350 | ||
| TOTALFUNDS | 119,792 | 112,842 |
Ale
The financial statements were approved by the Board of Trustees on (S MANY 2075 behalf by:
and were signed on its
1]
The notes form part of these financial statements
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NS ARS Ee SOR BL
Dundee Associated Presbyterian Church
Notes to the Financial Statements for the Year Ended 31 December 2024
- ACCOUNTING POLICIES
Basis of preparing the financial statements : The financial statements of the charity, which is a public. benefit entity‘ under FRS 102, have Oe eetared ofin accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by seamen > Financial Recommended Practice applicable to charities preparing their accounts in accordance with the 2015) Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January blic of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Repu ‘ s Ireland’ and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have bee prepared under the historical cost convention. Income Allis income is recognised in the Statement of Financial Activities once the charity has entitlement; to the funds, it. probable that the income will be received and the amount can be measured reliably. Expenditure Liabilitiescharity are recognised as expenditure as soon as there is a legal or constructive obligation; committing_ the the to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statemenis.
- TRUSTEES' REMUNERATION AND BENEFITS The trustees did not receive any renumeration or expenses for their services in the year in their capacity as trustees. Stipend includes the gross stipend paid to: in his capacity as Minister £29,211 P| 2024
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Dundee Associated Presbyterian Church
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Detailed Statement of Financial Activities for the Year EndedEnded 31 December 2024 |
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|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| INCOME ANDENDOWMENTS | ||
| Donations onations |
33,165 8 943 |
28,863 963 2 |
| GiftAid | 3,421 | |
| Bank Interest MusicFund(Designated) |
__350 | ee |
| 45,879 | 31,826 | |
| Totalincomingresources | 45,879 | 31,826 |
| EXPENDITURE | ||
| Charitable activities GoodsforChurch PublicLiabilityInsurance VenueHire PulpitSupply&RelatedExpenses Stipend Stipend (backdated) Professional Fees |
45 139 6,571 1,801 29,211 862 288 |
0 134 3,923 658 28,348 144 |
| BankCharges | 12 | |
| 38,929 | 33,207 | |
| Total resources expended | 38,929 | 33,207 |
| Net i etincome |
6,950 | (1,382) |
This page does not form part of the statutory financial statements
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