REGISTERED CHARTTY I¥UMBEIL. SCIJ28109 Report of the Trurte¢B aDd Uoaudlted FlllaDclal Statements ror ¢k¢ ye Ende4131 D¢¢emb¢r 2024 for Church of the Cbrli¢lAn Pentscoit Fellowthlp Zloo TAb•rn•d¢ P¢t¢rhoAd SBP Accountants 27 Finlaysou Street Fraserbwgh Ab¢rdeen%hire AB43 9JQ
Church of tb¢ CbrJsdn Pentscortal Fellowiblp Taou T•b¢rDAde P¢t¢rlMd Contents of the FknaDclal St#t¢llmts for tbe Yw Ended 31 Decem1 2024 Page Rwrt ofthe Truste I to 2 llld•p¢ndent Eiamlll•rf• Rryort Statsnxllt of FknAncl A¢tMtJe• Baknllce Sheet Noiu to the Statenwits 6 to 11 Drt*ll Stslement of ActhltleB 12
Chur¢b Df lh¢ ChAstlAn P¢ntwosts1 FelloTV8knlp Zjon Tabernaele PeterhtAd R¢port of the Th18t¢os for the Year Ended 31 Deeember 2024 The tTWtees present their report with the financial statements of the ch8Tity for th¢ yw ¢THled 31 December 2024. The trustccs have adopted the pmvisions of Accowiting and Reporting by Charitie5: Statement of R¢comTn¢nded Practice applicabl¢ to chariti¢s prwiDg their accounts in accordance with tbe Fitwicial Reporting Standard applicable iti the UK and ReblIC of freIat IFRS 102) (effective l January 2019). Oble¢tlveJ #nd Alms The aim of tb¢ Chw¢h is ¢0 build th¢ MEM[5 in Faith, to wot5bip together in Spirit aTMI truth and to proclaim th¢ Gospel of Ju8 Cknist in word and actio Sl%nlflc4nt artlvld 1)] fijrtherartce of th¢ obj¢¢tiv¢s of the ¢hurth a w¢¢kly servi of worship i3 beld togetlw with Youth Mextiw, Childrcn's aubs. fundraising activities and outreacb w. ACHIEVEMENTS ALYD PERFORMANCE Charltable ctlvlti One WL%kly wryicc of wor8bip has bccn maintained throughout th¢ cours¢ of th¢ y¢ar. In Addition Youth M¢rtiD8S at Childr¢D'S Clubs were dlso h¢ld u w¢ll hs matsy othor 80¢iiI And outrcacb actiiilics throughout th¢ cows¢ of year wtth a viw to fiuh¢rin8 the obje¢tive8 of the church aad reachin8 Out to the comtnunity whole. tn recent years> SiBnifieaDt wo& has been carri¢d out to the church premiBe$ to iwve the overall ellviroDt of the building And to promote fellowship through th¢ proviBion of Ixtter worship and meeting facilities. FINAcIAL REVIEW FlnAnclAI po•ldo Income within the catrBory of IDoxAtiotJ8 & legAci¢8' totAlled £53.966 for the year against £49.493 in the prewous year. Th¢ bulk ofthe ill¢ornc in this category was gcncratcd frorn weckly offerings and the Gift Aid themn. The church saw in¢rea8e iti the level of offLyIn for 2024 which totalled £39,899 a8&inst £36.660 in the previous year. The cburLh conttnu¢s to be well supported through additional doTr&tion5 and gtalefvlly acknowloJge5 donaiioDS received of£9,fI18 (2023- £9.003). Separaie fundraising aLtivities rais¢d £2,913 in Lh¢ 2024 fu¢7&[ llrI2023 - £5191. Overall iwonw for the y¢Ar tothll¢d £56.879 ag4in5t £50,012 in 2023, an itKrease of £6,867. enditure Exponditw¢ totalld £63.850 collwred to £61,614 in the E>reviou3 year, an illcreose of £2,236. The net d¢fi¢it for the year per the Statement of Finaneiftl Activitiu was £6.971 ¢t)rnpd to i n¢t d¢fi¢ii of £l1.602 in the pr¢viou$ fmwKial y¢8r. Total net fid5 Closed at £215,813 compared to £222.784 ag at 31 Deeemb¢r 2023. This ¢ornpris¢s £206.351 withiu the neral Fund, (2023 - £210,019). £4.702 withitt th¢ restricted Building Project (Lift) Fund, {2023 - £6,418) and £4,760 Itbin ihe restricted u]ldIngProjeCt (Ro)0 Futtd (2023 - £6,347). Out of the ov¢rnll balance of ful4 £150.437 relatrs to the value of hSxed assets (2023 - £157.422} vkni15t £63,506 IB the actual bank 8nd cash balances held as at 3l Drnber 2U24 (2023 - £63,035). Princlpal fuDdlDg soure The corc fi]DdinB wThtinua to b¢ th¢ w¢¢kly offerin8s made by the members of the church and we gratefjjlly acknowledge all offerirw and donations made tl]rou8hout the eourse of the year. Re8erve$ pollcy The charity maintains suffi¢i¢nt r¢sourc¢s to merf day to day a¢tivities but no spe¢ifi¢ resems l1¢Y 8t tbe ¢urrem tim¢. As at 3 1st D¢ber 2024. sufficieut cash fid8 were place to cover nnl opernting ¢xp¢nditure in the short to ¢dIU[ t. Pag¢ I
Cbur¢h of the Chrlsllan PenteeoBthI Fellowthip ZioD Tb¢rnade Peterh¢4d Report of the Trustees for the Year Ended 31 De¢emb¢r 21124 Gov4rnlll8 doeuttwnt The ch0Jity is Controlled by its governiDg dowD¢nL a deed of trust attd constirutss An ullinco•Tt¢d clwity. Reyt¢red Charlty number SC028169 Prlndpal ddreJi 6 HO Street Peterhead AB42 IHJ Trustce5 Ab.LVutst4ts 27 FinI&Ill Str¢rt Frerburg Aberde¢nthite AB43 9JQ gtL4).t.'.a. Approved by order of the board of trusteeg on ............ .. and sid on its behalf by: Page 2
Ind¢pendeDt Eiamioer'l Report to the Trnstse• of Church of tbe Chrlstlan Peutero3ts1 Fellowship Zion T4berll4cl¢ PeterheAd l Tel on the 4ccouttts for th¢ y¢ar ended 31 D¢¢¢mber 2024 set out pJg¢s fow to ¢levuL Respective regponslbltldei of trustee5 ind eumlDer Th¢ charity's twste¢s aTe re$ponsibl¢ for th¢ preparation of the accounts in accordan¢¢ with the lemLS of the Charitres and Tntr Investtnent (Scotland) Act 2005 and the Charities Accounis (qcotland) Regulations 21KJ6 (as arn¢nded). The clwritys tnLSteos co1)der that tbe audit reqUireent of Re8u]ation 10(I){a) to (c) of the Accounts Regulations does not apply. Ii 15 tny responsibility to examine the accounts as reqlured under Section 44(1)(c) of the Act and to sta whether POrticularmatt¢rs bave C4)n to my otrentioL BslJ of the Jndepeodent a*Dthier's report My ¢xaTDiDalion w8s carried out in accordance with Regulation I l of the clwit1 Accounts (ScotiaDd) Rcgu]atioJJs 2006. All examinaLion Includ a r¢view orth¢ aDuAting re¢ords kepi by th¢ charity and a conwari50n of the ¥counts pr¢5¢llted with thos¢ record¥. It also includ conyidcratiun of ¥Dy unusual item& or disc105urcs ill th¢ accouals. aThl seeknng expla[tionS frum you a5 ttuytrys run¥uDin¥ auy sutyh tDuit¢rs. Th¢ ptOLcdures undertaken do not provide all th¢ ¢vid¢llc¢ that would bc rcquir¢d in au audil alld CODS¢qU¢Utly I do uol CXprS #udit opiThion on th¢ viw giv¢n by the accounts. Independellt ezamlner'i it•tement In cotjnection my CXBrniTtit) no mMtt¢T ha8 ¢om¢ to my thttcution: (l) which 8iveA reAson&bl¢ to b¢li¢ve that, in any r¢$p¢¢4 the requirem to keep accountin8 records in e0rdanCe with Section 44(1)(a) of the 2005 Act and Re8ul&tioD 4 of the 2006 Ac¢ounts Regulations. and ¢0 PTepar¢ a¢Un which xcord with th¢ accoullliD8 records al to coll¥ly with R¢8ui4¢ion 8 of the 2006 AccounLg Re8ulAtiOZbS hav¢ not been met: or (21 to wljicty in my opinioN Attention should be dra in order to enable a proper underBtgnding of the Accounts to be rcachcd. SBP AolltaDts 27 Finlayson Street Fraserburgb AberdeewbiTe AB43 9JQ Page I
Church of the Chri3¢ian Pent¢¢O8t F¢]Ioff8hip zaon Tab¢rna¢l¢ P¢terh¢ Sta¢¢meDt of Fine A¢ivities for the Yw Ended 31 D¢¢ember 21ll4 31.12.24 Trtl fwidi 31.12.23 Totsl Notes ll¥COME AND EIWOWMENTS FROM Donations and le8aei¢s 52514 1852 53.906 49,493 Oth¢r trading activities 2,913 2.913 519 55A27 IA52 W79 50,012 EXPEI¥DURE ON Raising fijnds 54,730 4J03 59J33 59.649 4J17 4a17 1.965 Totsl 59.047 4.103 63,850 61,614 NET LYCOMEI(EXPEIYDITURE) (3,620) (48) (3051) 48 (wi) (11,602) Trer8 between fun Net mov¢Jllent ID fund• (3,668) (3J03) (&971) {11.602) RECONCILIATION OF FiINDS Total funds brought forward 21(1,019 12,765 222,784 234.386 2116J51 9A62 215813 222.784 The note5 form part of these fJDancial statcm¢lllS Page 4
Chllr¢h of the Chrtsti•n P¢nte¢ost Folloivsbip Zaoll Tabernade Peterh¢ad Barte¢ Sheet 31 Dernb 2024 31.12.24 TotAI funds 31.12.23 Totsl Unregtrieted Restricted fimd Notes FIXED A&SKTS Tangible &et8 140975 9A62 1511A37 157.422 CURRENT A&SETS Debt Cash at bank 3,741 J06 3,741 03,500 63,035 67247 67.247 67,308 CREDrroRS AJDounts falling due witbin one y¢or IlJ71) (1071) (1.946) rr CURREI¥T ASSETS 65J76 OJJ76 65.362 TOTAL ASSETS LESS CURRENT LIABILITtES 2116aS1 9,462 215013 222.784 206JS1 9,462 215,813 222,784 FUNDS Unre&tricted fund8 Restricted fiJnd8 21W51 9862 210,019 12,765 TOTAL FUNDS 215813 221784 ial sthteme approv¢d by the Board of Trugte¢y attd autboris¢d for issu¢ tid re siwi¢d on its behalf by. The not&s fom) part of tbege fitthttciai stAtettlIA Page 5
Chureh of the Thrlstl•n Penttcostal FellOhIp TJOD Tabern#d¢ P¢t¢rhead Not¢1 to the FIDaDdal Statennts ror the Ye•r End¢d 31 De¢¢rnb¢r 2024 ACCOUNfiNG POLICIES of prepring the fjllD¢I 8t¢¢m¢nts The fuwtt¢ial stat¢m¢nts of tbe cbarity. 1¢ is a publi¢ benefit etttity undcr FRS 102, have beeD prepared in accordance with the Charities SORP tFRS 102) 'AccountinE md Reporting by (Jwities.. Statenwt of Reconunended Practice applicable to Charities prep4ritig th¢ir a¢courtts in accordance with the Financial R¢ErfJrting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 20191,. Fin3Cial iieporting StaDdard 102 'Thc FinanciAI Reporting Standard applicable in the UK and Republic of Ireland, 8tk1 the Chariti&8 and Tne Inv&stment (8cotland) Act 2rJ)5. Th¢ fiTwi¢id ststrnrftts have been prepared underthe histori¢aI ¢o$i ¢vtion. tncome All iticome 18 re818ed in the Stst¢m¢nt of Financial Activitles on¢e the cbarity ]w ¢lltitlwnt to the fjJttd& it is probable that the incon)B will r¢ceived and the anwunt call be me4swed reliably. Expendlturt Liabiiitiu are r¢co8nis¢d u ¢xwditure as SQOTJ as there is a legal or con5tructiv¢ obligation ¢ommittiD8 th¢ charity to that ¢XPCDdilure. il is prObI¢ that a tT¥llJfcr of ccutLumi¢ benefits wtll be requit¢d ill S¢ttlrnlll alld the nUt of the obligatlOD can be measured ieliably. Expenditu ij a¢ci)uThtcd for on an accn]als basis and has be¢n classifA¢d utthr h¢adin8s a88re8ate all cost Telaied to the calegory. Wh¢rc ¢o5ts CAntJot be directly attributed to particu]ar h¢adillg8 th¢y bave be¢tt 4Uocat¢d to activities oo a bAsis CODSiStellt with thc u8¢ of r¢sourceB. TDglblo fixed uiets Dopreciation 18 provided at tho followin8 annual rat¢B in order ¢0 Wri off u¢h u8¢1 over it8 e8limBted u8efi lif¢. Land & BuilthDgS tmprovements to propety Equipment & furnishin8S 2UA on ¢ost IOOA on cosl 25% on reduciD8 balance Tajatlon The tharity is exempt fmm tax on its ¢hgritabl¢ Activities. Ful A¢¢ountlng Ullrestricied fi8 call be used in accordance with the tharitsbl¢ objectives at the discretion orth¢ Intsiees. Rutrirt¢d fid¥ ¢an only be used for particular restric1 pwposes within the objccts of thc ¢hariry, R¢strACtions 8Ti¥e when Specifi by the donor or when funds ar¢ raid for particulhr restricted purpoyes. Further ¢xp14n#tion of the nattw¢ and pwp08¢ Of¢ 13 inc1ed in the notes to the fu117 4¢cm¢nts. OTHER TRADll¥G ACTivrriES 31.12.24 31.12.23 FundraisiDg & cvcDts 1913 519 Page 6
Church of the Christi#tt Penteeoitsl Feliowshlp TAOD Tabernade Pe¢erhead Notss to the Trln%ndal Stat¢m¢uts- nthlY¢d for the Yr Elbd 31 December 2024 RAISll¥G FUNDS 1llvtitmt 1#MellI ¢08ts 31.12.24 31.12.23 Loss on sale of 8JSCtS 23 TRUSTEES. REMiINERATION AND BEIYEFIIS IL)ve offerings and gJft8 tottllin8 £19.500 (2023 - £19,51KI) were to a Trustee. Trniteu, e¥benJei There wrre no expen$¢s paid or reimbursed to TnLgtees durin8 th¢ financial year under report. TANGIBLE FIXED KSSETS Eqthpllt pruFW & furnishings BuildiD¥S Tolal8 COST At l Jpnuary 2024 and 31 DK¢mbw 2024 151,079 33043 37074 221.990 DLPRECIATION At l January 2024 Cbar8¢ for year 9,1165 3,021 20278 3J03 34231 661 64,574 6J85 At 31 Decemb 2024 12,086 23,$81 34892 7159 L¥ET BOOK VALUE At 31 D¢¢¢n*w 2024 138,993 9A62 1.982 150.437 At 31 DK¢mber 2023 142,014 12,765 2,643 157.422 DEBTORS: AMOiINTS FALLING DUE rn ONE YEAR 31.12.24 31.12.23 Other debts)rs Prepayments 3,527 214 4.1)00 273 3,741 4.273 Pa8e 7
Church of the atrlstlaD PeDtccoJtal F¢llowsblp Zloll Tthrnade Peterhead Nots8 to the FIDalldal St8tements- ¢ottthiwed for th¢ Year Ended 31 December 2024 31.1224 31.12.23 MOVEMENT IN FUNDS N¢t Tr8nsfers At 31.12.24 1.1.24 UDreJtrl¢t¢d fllDd• Genera) fijlld 2Jll,019 (3,620) (48) 2O6JSI Rests4cted fulldi BuildTng Fund (Lift) Building (Rooo Feed the Familics Fwid 418 347 {1,716) {1.587) {48) 4.71)2 4.7611 11765 (3J51) 9A62 TOTAL FUNDS 221784 (71) 213,813 Net Itxjvetnl in illclud¢d in 8bove #tt as followy: IucomiDg R¢sow¢¢$ cxpcndcd Movennt in fimd8 Unrutri¢t¢d fundi Gcncral fijnd 55,427 {59,047) (3.620) R¢#riet•d f#d• BuildiD8 Fund (Lift) Builditi8 fjjnd (Roofj F¢ed the Families Fund 11,716) 11,587) (1,51M) (1,716) (lJ87) {48) 1,452 IN52 (48D3) (3J51) TOTAL FUNDS 5&&79 (6&8511) (6,971) Page 8 continued...
Chureh of the CbrlsdAn Pentecosl41 Fellowshlp ZJon Tab¢rn4d¢ Petsrbe4d Note5 ¢0 the Fth4Dclal St*temellts- eontAnu¢d for the YeAr Ettded 31 De¢ember 21124 MOVEMENf n¥ FUNDS- contlnued Comparntlrn for xnovemeDt In fundi Net At 1.1.23 31.12.23 Ullr¢stri¢ted fundj Geral fid 218.316 (8297) 210.019 Re•tricted fundi Buildin8 fund (Lift) BuildiD8 fid (Roofj 8.136 7,934 (1,718) (1,587) 6,418 6.347 16,070 {3,305) 12.765 TOTAL FUNDS 234.386 {11,602) 222.784 Comparntive net m0vennI In fid$, in¢luded in the above are as followB'. Ineoming Te50urces R¢8ouT¢ expendeA Movement Unre8trl¢ted fund• General tlmd 50,012 (58,309) (8297) Re$trleted funds Building Fund (Lift) Building fund (Rooo (1,718) (1.587) (1.718) {1.587) (3,305) (3.305) TOTAL FLINDS SO,012 (61,6141 (11,602) A y¢tr 12 months and pior y¢ar 12 llK)ttths ¢ontsIti PD8ition 13 as follow8: Nct Transfers At 31.12.24 At 1.1.23 fimds Unrestrlrted funth General fund 218,316 111,917) (48) 206.351 Restrleted fmndi Bvilding Fund (Lift) Building fimd (Roofj Feed the Families 8,136 7934 (3,434) (3,174) {48) 4,702 4.760 48 16.070 (6,656) 9,462 234,386 (18.573) 215.813 Pa8e 9 ¢otttinu¢d...
Chur¢h of the Chri&ti4n Pte¢sl Fellow8hlp zaon T•b¢rna¢lt Petsrhed Notsj to the FinaD¢lal StIteDllts- ¢ontinued ror the Year Ended 31 Detenther 21124 MOVEMKKf IN FUNDS. eontlnued A current yeAr 12 months and prior ye4r 12 DJ)ntbs Corobin net movement ID fiwds included in the above are AS follovB'. tncoming Resourc¢s Movemet Unrntrlcted fullds G¢n¢rAI fund 105.439 (117.356) 111,917) Restrlrted funds Building Fund (Lifl) Buildlog fimd IRooQ Fe the Famili Fund (3,434) (3,174) (1.5) (3,434) (3,174) 148) 1.452 1,452 18.108) {6.656) TOTAL FUNDS 100.891 (125.464) (18,573) Ntwr¢ of Th¢ G¢n¢rnl 1$ wed to qupport th¢ day to dAy A¢tivities of th¢ ¢hurcls to fund outreAch And to further the all #nd objectives oftb¢ ¢hur¢b. This restrieted fund was gei w) specifie&lly for the purrk)se of raisin8 fimds for the insts]lation of a lift within the in chwch prcmiKs to assist those who are less ablc to climb thc stairs. The lift was installed durittg the 2017 flnancial year al a co31 of £17.175. The cost w&8 treated as a c8Pital cost and the lift is recoLs¢d as an asset in the balance sb¢¢t within the car¢gory of 'Improvents to prOpty. The value of the fimd now repTeSellts the accounts writt¢u dovm valur of the a5S¢t, as follow7.. 2024 2023 Orlgintil ¢08t of lift aod inStal1n 2017 Depttciation to date 17.17S 12,473 17,17S 111,757 Net book value at 3 1st December 2024 4,702 6A18 Buil Thi6 restiicted fid set up specifically for the pwse of raisTng fimds to replace the existing flat roof which wa8 iti a state of disrepair. The r{f was replaced during the 2018 finattcxal year at a cost of £15,868. The cost has been tr¢&*d 88 a capital cost in the balance sh¢¢t within th¢ category of 'iwv¢ments to pro. The Val of the filljd now rcprwits th¢ Ounts written down value of the a88et As follows: 2024 2023 Origillal cost of roof itisthllatioD 2018 Depreciation to da 15068 11,106 15,868 9.521 Net book vilue at 31 December 2024 4,760 6.347 Page 10 ¢Olltiou¢d...
Cbureh of tbe Clwlsllll PentecoBtAI Fe]low6hlp Zlon T•b¢rnade P¢t¢rhe4d NO to the FiDanctsI Sttements- conthiued for th¢ YeAr EDded 31 D¢e¢mber 2024 MOVEMENT ll¥ FUNDS. conthiued The Feed the Families Fu1 was w up through a l(Ka] contart does fimdraising to enable working families who Are on the breadline w provide their children witb & traditional Chritynas lujxh. RELATED PARTY DISCLOSURES Th¢rr wcrc no lIt patty tractionS for the year under report other than those iu T¢lation 10 Inisiees remw0ll alld bellefits as stAt¢d io Note 4. Pasell
Church of tb¢ P¢nts¢ostsl Fellrfjwshlp ZAon TaberoAele Petsrhead De•i]ed Sttttrttt of Flnanelal Actlvkle8 for the Yw Ended 31 December 2•24 31.1224 31.12.23 Donatloni and leBd tkntstion8 CJifi Aid Offerings (theT Incom 9,008 3,023 39,899 IAJ6 9,003 3,056 36.660 774 53,966 49.493 Other trAdlnz Ae¢fviti Fundraisillg & events 2913 519 T¢)tsl Incoming reure 56J79 50.012 EXPELYDuRE R*lsln8 don•tloni lepdei Its52 7,022 461 23.060 17,7SS 1936 660 3,(J22 3JOJ 662 1,762 4,677 951 30,882 9.223 4,823 H¢8t & L40rt Telcphonc Gifts & DoD&tion$ Property Repairs & Expe Youth & ¢hildrett Transport Expens¢8 Freehold propety Depreciation OD lrnprovernuts to PTO Depreciatiou Equip & Furnishings 3,022 3,305 881 59J3J 59,626 Invutment m•nAgement ¢ostB IKtrs8 on sale of tangible fixed sets 23 Otber Sunthy Expel 3,037 788 GoY¢rll4Dce Accouulaucy 1280 1.177 Total prded 6350 61.614 Net e4btndltur• (A971) (11,602) This pa8e does not form part of th ststutory financial statements Page 12