Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Charity number: SC030706
Spirit of Life Church
Trustees' report and financial statements
for the year ended 31 December 2024
Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 9 |
Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Legal and administrative information
Charity number SC030706 Business address 9 Beechwood Grove Barrhead Glasgow G78 2JH
Trustees
Secretary
Accountants KFMCO Limited Chartered Certified Accountants 52 Main Street Ayr KA8 8EF Bankers The Royal Bank of Scotland plc 30 Sandgate Ayr KA7 1BY
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Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Report of the trustees
for the year ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Status
The charity is governed by a Trust Deed.
The Trust Deed of the charity gives the trustees the power to apply the funds in such a manner as they think fit to or for the benefit of any charitable purpose to promote the advancement of the Christian Gospel.
The Trust Deed provides for a minimum of 3 and maximum of 7 trustees. Where there is a requirement for new trustees, these would be identified and appointed by the remaining trustees. The chair of the trustees is responsible for the induction of any new trustee which involves awareness of a trustees responsibilites, the governing document, administration procedures the history and philosophical approach of the charity.
The trustees of the charity shall have the followings powers :
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(1) To establish public meetings and fellowship meetings for adults and children.
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(2) To establish teaching classes and to distribute teaching materials.
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(3) To promote Christian evangelistic activities.
Objectives and activities
The objects of the charity are by such means as are charitable to promote the advancement of the Christian Gospel in the areas of Renfrewshire, Ayrshire and Glasgow through developing a strong local church with outward focussed ministries.
Achievements and performance
2024 has been a year of where Spirit of Life Church has provided real support in both the local community as well as for its members and their families. Women Together continues to provide a free monthly afternoon tea with a focus on wellbeing, and continues to be an exceptional example of a safe space for women to meet new friends, enjoy therapeutic activities and good food. This ministry has grown in 2024 with another support group joining in its activities.
Over this year the church has also provided very strong support for members and their families, both in dedicated pastoral care in times of need or crisis, and also in practical support by meeting numerous emergency needs through its emergency fund in 2024.
Church membership has remained steady from the previous year and Spirit of Life Church retains a reputation as a "welcoming community church for all ages." The church continues to gather on Sundays and mid-week, as well supporting joint church initiatives like Renfrewshire Churches Together and by providing volunteers for the local Foodbank project.
Overall, 2024 has shown Spirit of Life Church has spent its resources in meaningful ways with the goal of making a difference to the quality of people's lives, both within the church setting, and throughout our surrounding communities.
Financial review
The net incoming resources for the year were -£3,629 (2023 -£5,077). At the end of the financial year, net reserves were £8,143. The adequacy of the reserves policy is reviewed annually.
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Erhvw ID". l1Ao1A8G164B2EQ10F4C21281ThY Spirit of Life Church Report of the trustees for the yegr ended 31 December 2024 statement of trustees. responslbllltles The ttustees ate iespon5ible for prtwing the annual Ttport and the fiDaurial t¢ents in ao[dance with applicable 1aM. and United Kixi8dom Generally Accepted Accoutttin8 Plactice. Charity lau, requires the twstees to prepare f]n2tsci31 statemenis for each financial year hICh gil'¢ a tsue and fair lie of charity's f]nanct31 actiN'ities dllrin8 the year 2nd of its fTr¢I31 rK>sitiott at the end of the year. In preparixi8 f]n3ncial statements 8iNill8 a tme al fair the tnLStees are wired to: selectsuitable accoutLtin8 policies alldthenapplythemconsi5t. )ake jud8ets and estimates that are rea&)nable alldpnIt.' prtpare the financial State¢tS on the going concern basis uDlesS it is i[p[al¢ to wysu¢ thai the Chlty continue in operation. The trnstees hai"e oi"erall respTrnsibility for au[in8 thai the ehariry has appropriate systans of controls. fillancial and otherwise. They are a]so rewnsible for keepi[ proper aceoulliin reconls disclose reasonable accuracy at any time tbe finalleiai p)sition of the chariry and enable them io ensure thai the fllMllcial Ststeellts are in accordallce with the tern of the CILarities and Trustee Ini"estment (Seotland) Act 2005 atLd cowly tlLe Cbarity Accounts (Scotlalld) Regulations (21K)6) as anMide(L They are also respollsible for safegUh[Lg the assets ol the cl]atity aad hellce for tskiDg iea50llable steps for the prei"elltiotL aud ddedion of fi3ud alld Oth Iegu1ties. The tnteeS recoD]mend thatKFMCO timitedrejnain ill office llthii firth¢Ynotice. On behalf of the board Ti-ustee 27 August 2025 P*ge J
Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Independent examiner's report to the trustees on the unaudited financial statements of Spirit of Life Church.
I report on the financial statements of Spirit of Life Church for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet and the related notes.
Respective responsibilities of trustees and independent 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 Charities Accounts (Scotland) Regulations (2006). They 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 was carried out in accordance with Regulation 11 of the Charity 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 seeking explanations from you as 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 connection with my examination, no matter has come to my attention:
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(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Regulations; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Regulations
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
KFMCO Limited Chartered Certified Accountants 52 Main Street AYR KA8 8EF
Date: 27 August 2025
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Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Statement of financial activities
For the year ended 31 December 2024
| Notes Unrestricted funds £ Incoming resources Incoming resources from generating funds: Voluntary income 2 28,335 Investment income 3 119 Other incoming resources 4 - Total incoming resources 28,454 Resources expended Office expenses 237 Paster's stipend 5 15,900 Hall rents 3,900 Motor expenses - Accountancy fees 780 Insurance 336 Print, postage & stationery - Women together 1,062 Depreciation 1,024 Music licence 229 Guest speaker expenses - Teaching and training expenses 57 General expenses 133 Children's & Youth church 1,273 Donations to other charities/emergency 2,876 Cafe & outreach 1,795 Gifts 461 Special occasion expenses 2,020 Total resources expended 32,083 Net incoming/(outgoing) resources before transfers (3,629) Total funds brought forward 11,772 Total funds carried forward 8,143 |
2024 Total £ 28,335 119 - 28,454 237 15,900 3,900 - 780 336 - 1,062 1,024 229 - 57 133 1,273 2,876 1,795 461 2,020 32,083 (3,629) 11,772 8,143 |
2023 Total £ 22,081 129 3,016 25,226 407 15,600 3,715 534 780 336 285 1,128 1,024 172 60 18 240 1,245 1,146 2,330 680 603 30,303 (5,077) 16,849 11,772 |
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 9 form an integral part of these financial statements.
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Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Balance sheet as at 31 December 2024
| Balance sheet as at 31 December 2024 |
|||
|---|---|---|---|
| Notes Fixed assets Tangible fixed assets 6 Current assets Bank and cash Net current assets Net assets Funds 7 Unrestricted income funds Total funds |
2024 £ £ 1,224 6,919 6,919 6,919 8,143 8,143 8,143 |
2023 £ £ 2,248 9,524 9,524 9,524 11,772 11,772 11,772 |
|
| 11,772 | |||
| 11,772 | |||
| 11,772 |
The financial statements were approved by the trustees on 27 August 2025 and signed on its behalf by
Trustee
Trustee
The notes on pages 7 to 9 form an integral part of these financial statements.
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Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Notes to the financial statements for the year ended 31 December 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements have been prepared in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.
Income from investments is included in the year in which it is receivable.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% Straight line
1.6. Taxation
The Church is a charity within the meaning of Section 506(1) of the Taxes Act 1988. Accordingly, the Church is potentially exempt from taxation in respect of income and capital gains received within the categories covered in Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income and gains are applied to exclusively charitable purposes.
2. Voluntary income
| Unrestricted funds Tithes and offerings £ 28,335 28,335 |
2024 Total £ 28,335 28,335 |
2023 Total £ 22,081 |
|---|---|---|
| 22,081 |
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Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Notes to the financial statements for the year ended 31 December 2024
| 3. Investment income Unrestricted funds £ Bank interest receivable 119 119 4. Other incoming resources Gift Aid relief 5. Employees Employment costs Wages and salaries Number of employees |
2024 Total £ 119 119 2024 Total £ - - 2024 £ 15,900 |
2023 Total £ 129 |
|
|---|---|---|---|
| 129 | |||
| 2023 Total £ 3,016 |
|||
| 3,016 | |||
| 2023 £ 15,600 |
|||
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Pastor | 1 | 1 |
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Docusign Envelope ID: 11A01A8C-10C6-482E-916F-4C212813C067
Spirit of Life Church
Notes to the financial statements
for the year ended 31 December 2024
| 6. Tangible fixed assets Cost At 1 January 2024 and At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 |
Other tangible assets £ 4,095 1,847 1,024 2,871 1,224 2,248 |
Total £ 4,095 |
|---|---|---|
| 1,847 1,024 |
||
| 2,871 | ||
| 1,224 | ||
| 2,248 |
7. Analysis of net assets between funds
| Analysis of net assets between funds | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| £ | £ | |
| Fund balances at 31 December 2024 as represented by: | ||
| Tangible fixed assets | 1,224 | 1,224 |
| Current assets | 6,919 | 6,919 |
| 8,143 | 8,143 |
| Unrestricted funds | At | At | ||
|---|---|---|---|---|
| 1 January | Incoming | Outgoing | 31 December | |
| 2024 | resources | resources | 2024 | |
| £ | £ | £ | £ | |
| General Fund | 11,772 | 28,454 | (32,083) | 8,143 |
8. Unrestricted funds
Purposes of unrestricted funds
The General Fund is maintained to spread the word of the Christian Gospel, advance the church's teaching and assist the day to day operations of the charity.
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