RE61STERED CHA51rrY NUMBER: SC032375 Unoudit¢d FinaTraI Statemep for the Y¢¢Y Ended 31 M¢]rch 2025 CHURCH <T CHRZST CUM8ERNAVLts WDM Associat Oakfield Hous¢ 378 Brandon street Motherwell MLI IXA
CHURCH OF CHPIST CUMBERNAULD Contents of the Flnanclal Stotements f¢)r the Year Ended 31 March 2025 Report of th¢ TNsts¢s Ind¢p¢ndent Examlner's Report stotement of Finan¢lal A¢tlvltSes BalarKe Shut Notes to the FIrclaI Statements 6 to 12 Detalled Statement of Flnonclal ACtI11¢S 13
CHUAa4 OF CHkTsf CUM8ERNAUitJ kewl ¢f the Tvvstees for the Yeor Efid 31 lknch 2025 The trustets present their report with the f Imncial statements of the charity for the year ended 31 March 2025. The trusttts htm adopted the provisions of Ac¢ountlng ond Reporti by tharities.. Statement of Recommended Practice applicable to ehorities prepGrin9 their accounts in accorthnee with the Fimncial Aeportin9 Standard applicable in the UK and Republic of Ir¢ltJnd (FRS 102) (¢f f¢ctive l JanLW 2019). ACHIEVEMENTS AND PEPFOAMANCE Ch¢rltable actlvltles To preach the 9OSFel of Jesu$. to serve the community, youn9 and old alike and tg provid¢ support and comfort to those In wd. Th4 church olso purchased lond which will be used In the eonstruetion of the rew church. FINAPKIAL REVIEW FlnorKloJ posltlofi The church en&d the yedr with a total income of £85.314 (£91.394 In 2024) exFenditure of £51,725(£83,453 in 2024) resulting in ct surplus for the year of £33,589 (£7,941 in 2024) leing accumulated surplus Of £573.793. Of this £389.190 Is self restricted to f our projects which are listed below, The Missions Fund - the mlssions fund Is to support the provision of relief and the pre4chlw of the gospel in Wthern Makiwi, Perth and in Northern Italy. Camp HedtherÈell Fund - the eamp heatherbell fuN4 is to provide a week lon9 learnlF)g experience for children f rom throughout the British Isles. The Building Fund - the buildin9 furd is to Purch land and build a new worship facility. Morfair - Youth delelopment fund. The church'# ufftstricted bOnCe is also held over two ¢xcount$ which are listed b¢lovr. 6ewnl Fund - the 9erernl fund is used for the day to runnin9 costs of the church. Applied Preacher TrainiFYJ. The f uture plar6 of the charity is to raix slgnif icant funds throu wriou$ activities which will emble the completion ot the construction of the church. srRucfuRE. SovEPNAN AND MANAGEMENT 6ov¢rnlr8 docL#n¥ht The chority is 1)IrOlled by its governirg document, a deed of trust and ¢onstituteS an unincorporqt¢d charlty. REFERENCE AND ADIAINISTrATIVE DEfAILS Ae9Sstered Ch¢*lty Nmb¢r SC032375 pri I l address Pthje I
ChLIRCH CHRIST CUMBERNAULb Repwk of the T*t¢S for the Year 31 March 2025 Independent Examlntr wt)M Associates Oakf ield House 378 8rnndon Str¢et Motherwell MU IXA APprod by order of the of truslees on ........ ... . and si9red on its behalf by.. Ptw2
Independent Examiner's Rewt to the Trustees of Chw¢h of Chplst Cumbern¢yJld I report on the accounts for the year ended 31 lknrch 2025 set out on ws four to twelve. Rwlve reswibllltles of t¢¢$ ond examlner The chority's trustees dre responsible for the preparotion of the accounts in accordance with the terms of the Charits tThd Tnjstee Investnnt (S¢otlaMd) Act 2C05 and the Chorities Accounls (Scotland) ke9Jlations 2¢) (as amended). The charity's trustses Colder that the tjudit require£ of Re9uhtion 10(IXa) to (c) of the Accounts Regulations does not apply. It Is my responsibility to examim the accounts as required Ltndep Section 44(1)(c) of the Act and to state whether particuhr matter$ hove com¢ to my otttntion. Basis of the independent examlner's report My examination was carried out In accor&Jnce with Regulation 11 of the Chorities Accounts {5¢otIa) ke9ulatio 2006. An exdmination Includes a review of the accountin9 records kept by the chority and a comp2rison of the accounts presented with those records. It also includes consideration of ary unusuol itenu or diicloiures In the accounts, and seekirs expl(JMtions from you as trustees concernlry ory such matters. The pro¢¢durei undertaken do t provide all the evidence that would be required in an audit, and consewxntty Z do Thjt expres$ art <¥Jdit opinion on the view given by the accounts. Indynd¢nt uamlr4r's statefflent In conrection with my exarnimtion. no matter has come to my attentlon; (l) which givu reasornble clwse lo believe thot. in arry iTrat¢rial respect, the requirement$ to keep accountin9 record$ in accor(lJnc¢ with Section 44(IXa) of the 20YJ Act and Regulation 4 of the 2006 Acctyjnts Re9Jlations.' and to preFwe accounts which a¢¢ord with the accountiry records and to Compfy with R¢gukntion 8 of the 2006 Ac¢out)ts RlatiOnS hove not been met: or (2) to whlch, in my opinion. atrention should be drawn in order to epvJbk a proper uNder$tondlng of the occcunt$ to be rea¢hed. The Assaciation ot Chartered Certif led Accoutth]nts WDM Associalei Oakf ield House 378 8randon 5tre¢t Motherwell MLI IXA Date.. 1.4-.-. 1 t: L£ Page 3
CHURCH OF CHRIST CUMBERNAULD Statement of FlnaKlal Act111¢$ for the Yeor Ended 31 IAarch 202 2025 Total funds 2024 Total funds Unrestricted fund Restricted f unds Notes INCOME AND ENDOWMENTS FROIA Donations and legacies 61,110 8.773 69.883 76,174 Other trading activities Investment income 5,050 3,051 7.330 12,380 3,051 10.203 5,017 Total 69,211 16,103 85,314 91,394 EXPENDrruRE ON Raisill9 f unds 33.158 18.567 51,725 83.453 NEf INCOME1(EENDrrURE) 36.053 (2,464) 33.589 7.941 RECONCILIATION OF FUNDS Total funds brought forward 148,550 391,654 540,204 532,263 TOTAL FUNDS CARRIED FORWARD 184,603 389.190 573,793 540,204 The notes form part of these f inancial statements Page 4
CHLRCH OF CHRIST CUMBEANAU Balance Sheet 31 2025 2025 Total furnls 2024 Tatal fuThls Unrestricted fund kestricted fund$ FIXEE+ ASSETS Tangible aqsets 11.086 323.436 334,522 337294 CURRwf ASSErs Cash dt bank 173.517 65.754 239,271 202.910 NEf CVRRENf ASSErs 173.517 65.754 239,271 202,910 TOTAL ASSEfs LESS CUAREh LIA8ILrriES 184.603 389,15YI 573.793 540.204 NEf ASSErs 184,603 389,190 573,793 540.204 FVNDS Unrestricted f und$ Restricted f unds 184,603 389,190 148,JJO 391.6Y TOTAL FUND5 573,793 540,204 The f imncial staternents approv¢d by the Board of Trust1 and thOri$*d for issue on ond were sigred on its behalf by,. 14.1l.L4 The tets form part of thes¢ firnncial statem¢nts P¢¥5
CHURCH OF CHRIST CUMBERNAULD Notes to the Flnthnclal Statertnts ft)r th¢ Y¢or End¢d 31 March 2025 ACcrjG pouaES Basis of prepariry the financial statements The f inancial statements of the charity, which is a public benef it entity under Fks 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Repor*in9 by Chorities.. Statement of Recornmended Practice opplicable to charities preparirrfj their accounts in accordance with the Finon¢ial Reporting Standard (]pplicable in the UK and Republic of Ireland (FRS 102) (effective l JanLKry 2019),. Fironcial Reporting Standord 102 'The FIrntIal Reportin9 Standard applicable in the UK and Republic of Ireland, and the Gh¢)rities and Trustee Investment (S¢otland) Act 2005. The fironcial st(rtements have been prepared under the historical cost convention. All income is reeo9nlsed in the Sttttement of Financlal Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be me4sured reliabty. Expendltur¢ Liobilities are recognised as expenditure os soon as there is a le911 or constructive obli9dtion committirg the ¢harity to that expenditure. it is probable that a transfer of economic benef its will be required in settlement and the amount of the obli9ation can be measured reliably. Expenditure 1$ accounted for on an accNals bosis and has classif led under headin9$ that a99re9ate all cost related to the category. Where costs cannot be directly attributed to particular headin9S they have been allocated to activities on a basis consistent with the use of resources. Tar(Jlble fixed assets r)epreciation is provided ot the following annual rates in order to write off each asset over its estimated useful life. Fixtures and f ittin9$ 20% on reducing balance Taxation The charity is exempt f rom tax on its eIrItable activitipA. Fund aCcntI Unrestricted funds can kx used in accordance with the clritable objectives at the discretion of the trustees. Restricted funds can only be used for parti¢ulor reslricted purposes within the objects of the charity. Restrictions arise when specif led by the donor or when funds are raised for Fwticular restri¢ted purposes. Further explomtion of the nature and purpose of each fund is included in the notes to the fit)ancial statements. Pa9e 6 continued...
CHURCH Cf CHRIST CUM8ERNAULts Notes to the FInarlaT Statements - contIrd for the Year Erded 31 March 2025 OTrIER TrADINS AcrIwrrIES 2025 2024 Fundraising events Rental income 7.330 5,050 6.lJ3 4,050 12,380 10,203 INVESTMENf INCOME 2025 2024 Investment income Bank interest received 2,452 599 4,472 545 3,051 5,017 RAISIN6 FUNI)S Rolslrrfj donatiord and legacl¢s 2025 2024 Sjpport cost$ 51,725 83,453 TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, remureration or other bemf its for the year ended 31 March 2025 nor for the year ended 31 IAorch 2024. T¢t$' expens There were no trustees. expenses paid for the year ended 31 March 2025 nor for the yeor ended 31 March 2024. Page 7 continued..
CHURCH OF CHRIST CUMBERNAULD Notes to the Flnonclal stateme1 - eontlr•J¢d fw the Year Epthd 31 Mar¢h 2025 COIAPARATIVES FOR THE STATEMEMf OF FINANaAL AcrIwrrIES Unrestricted fund R¢stri¢ted funds Total f unds INCOME ANts ENDOWMENifs FROM Donations and legacies 69,942 6,232 76.174 Other trading activities Investment income 5,159 10.203 5,017 5,017 Total 80,003 11.391 91,394 EXPENDrruRE ON RaisiNJ f unds 66.286 17.167 83,453 NEf INCOMEI(EXPENDrruAE) Tran¥fers between fuThls 13,717 (52,228) (5,776) 52,228 7,941 l+kt movement In funds (38,511) 46,452 7,941 RECONCIUATION OF FUNDS Total funds brought forward 187,061 345,202 532,263 TOTAL FUNDS CARRIED FORWARD 148,550 391,654 540,204 TAN618LE FIXED ASSErs Fixtures and f ittiFvJs Freehold property Totals COST At l April 2024 and 31 Mtyrch 2025 323,436 25.762 349,198 DB)RECIATION At l April 2024 Charge for year 11,904 2.Tf2 11.904 2,772 At 31 March 2025 14.676 14,676 NEf B<XIK VALUE At 31 Mar¢h 2025 323.436 11.086 334,522 At 31 March ZQZ4 323,436 13.858 337.294 Page 8 Continued...
CHURCH OF CHIIIST CUMBERNAULD Notes to the Flnanclal Statements - contlrnd fw the Year Ended 31 March 2025 MOVEMEKf IN FLINDS movement in funds At 31.3.25 At 1.4.24 Umestrlcted funds General fund 148,550 36.053 184.603 Restrlcted fvnds Missions Fund Youth Development 382,546 9,108 (2,334) (130) 380,212 8,978 391.654 (2,464) 389.190 TOTAL FUNDS 540,204 33,589 573.793 1 movement in funds. included in the above are as follows.. Incoming resour¢¢s Resources expended Movement in f unds Unr¢strkted funds 6eneral fund 69,211 (33.158) 36,053 Restrlcted fur Missions Fund Youth Development 5,209 10,894 (7.543) (11,024) (2,334) (130) 16.103 (18,567) (2.464) TOTAL FUNtsS 85,314 {51,725) 33.589 Page 9 continLKd..
CHURCH OF CHRIST CUMBERNAULD Notes to the FinaKlal Stat¢ments - contird f( the Year Ered 31 March 2025 MOVEMENf IN FLNDS - c<tINed Comparatives for M0meTht In fun& Transfers between funds rnovement in funds At 31.3.24 At 1.4.23 Unrestpicted fvnds 6eneral fund 187,061 13,717 (52,228) 148.550 Restricted funds Missions Fund Youth Development 334,694 10,508 (4,376) (1,400) 52,228 382.546 9,108 345,202 (5,T76) 52.228 391,654 TOTAL FUNDS 532,263 7,941 540.204 C¢mparative net mov¢ment i* funds, included in the dbove are tts follows.. Incoming resources Resources expended Movement in funds Unrestrlcted fvnds General fund 80,OJ3 (66,286) 13,717 Restricted funds Missions Fund Youth Development 11.391 (15,767) (1,400) (4.376) (1,4CQ) 11,391 (17,167) (5,776) TOTAL FUNDS 91,394 (83.453) 7,941 Pa9e io continued..
CHURCH OF CHRIST CUMBERNAULD Notes to the FlnoKlal Statements - contIMd for the Year Ended 31 March 2025 MOVEMENf IN FUNDS - tantlrthd A current year 12 months and prior year 12 months ¢ombiKd position is as follows; Transfers between funds movement in funds At 31.3.25 At 1.4.23 Unrestrlcted fvnds 6eneral fund 187,061 49,TlO (52,228) 184,603 Restrlcted funds Missions Fund Youth Development 334,694 10,508 (6,710) (1,530) 52,228 380,212 8,978 345,202 (8,240) 52,228 389,190 TOTAL FLINDS 532,263 41,530 573,793 A current year 12 months and prior year 12 months combined rnt movement in funds, included in the above ar¢ as follows: Incomin9 resources Rex*urc¢s expended Movement In funds Unrestrlcted funds 6eneral fund 149,214 (99,444) 49,770 Restri¢t¢d fvnds Missions Fund Youth Development 16,600 10,894 (23,310) (12,424) (6,710) (1,530) 27,494 (35.734) (8,240) TOTAL FUNDS 176,708 (135.178) 41,530 Page 11 continued...
CHURCH OF CHRIST CUMBERNAVLD Notes to the FInala1 Statements - cont1rd fur the Yeor Ended 31 M¢Ych 2025 RELATED PARTY DISCLOSURES There re M reloted party transactions for the year ended 31 March 2025. Page 12