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
**Page 1**
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 :
- (1) To establish public meetings and fellowship meetings for adults and children.
- (2) To establish teaching classes and to distribute teaching materials.
- (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.
**Page 2**
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:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Regulations; and
- 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**
**Page 4**
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.**
**Page 5**
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.**
**Page 6**
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|
**Page 7**
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|
**Page 8**
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.
**Page 9**