Scottish Registered Charity Number SC033901 GRACE MINISTRIES (INVERBERVIE) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
GRACE MINISTRIES (INVERBERVIE) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTEP4TS Page Information Report of the Trustees Independent Examiner's Report Receipts and Payments Account Statement of Balances Notes to the Accounts
GRACE MINISTRIES (INVERBERVIE) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 INFORMATION Trustees Executive Trustee & Treasurer Independent Exaffliner Bankers HBOS 3 L High Street Montrose DDIO 8LT Lawyers Buffless Paull l Union Wynd Aberdeen ABIO ISL Summary Objectives The promotion of the Chnstian faith Inverbervie primarily and throughout Scotland and the World. Page I
TRUSTEE REPORT ON THE WORK AND ACCOUNTS OF GRACE MINISTRIES (INVERBERVIE) FOR THE YEAR ENDED 31sf DECEMBER 2024 CONSTITUTION AND ORGANISATIONAL STRucfuRE The Trust was constituted by a Trust Deed registered In December 2002. In 2009 Ken Dickson was appointed by the Members of the Trust to condutt and mana9e the Trust's financial and general business affairs, In addition to his pastoral role In Grace Ministries. OBJECTIVES AND ACTIVITIES The principal objectives ancj activities of the Trust are.. The promotion of the Chnstian faith In Inverbervie by the provision of train4d volunteers, and a multipurpose building offering A range ol practical services to the community * Outreach with the Christian gospel to people of all ages * Fellowship to encourage Christians +> Bible teaching and discipleship courses A place for Christians to worship, pray, praise, and serve <• A place where all people can find friendship. love, and acceptance <• Have oversight of The Living Rooms Christian Fellowship Church The promotion of the Christian faith throughout Scotland and the World. OVERVIEW Grace Ministries (Inverbervie) Is a Christian charity SC033901 based In the small coastal town of Inverbervie, 25 miles south of Aberdeen. The primary objective of the charity Is to minister the love and life changing message of Jesus Christ through 5ervirKJ the comrnunity of Inverbervie and surrounding villages. TRUSTEES Grace Ministries is currently managed by a group of ten trustees. Our Trust Deed allov45 for a rninimum of three and a maximum of ten trustees. dependent upon the size arxy scope of the trust. New trustees will be appointed by existing trustees based on thelr experience, business, and vocational skills, as well as a proven Christian cornrnitrnent. STATEMENT OF TRUSTEE RESPONSIBILITIES Scottish law as It applies to charities requires that Trustees prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year, and of Its financial position at the year end. Our trustees havE endeavoured to follow best prattice and: Select suitable accounting policies and apply them consistently Make Judgements and estimates that are reasonable and prudent <* Follow applicable accounting standards, subiert to any departures disclosed an explained In the financial statements + Prepare financial statements on the 'going concem, basis unless it ik Inappropriate to presume that the charity will continue in operation. Page 2
The TrLJStees also recognise their responsibility for keeping accounting records which disclose with reasonable accuracy the financial position of the charity, and to comply with the applicable law and regulations. We also recognise our responsibility for safeguardir)g the assets of the charity and to take reasonable steps for the prevention and detertion of fraud and other Irregularities. FINANCIAL INFORMATION Total Income for 2024 was £29,329 which was £6,698 less than 2023. To maintain our reserves position our payments were reduced by a similar amount. Our bank balance gt year end was £20,773. There are no outstanding loans to Grace Ministries. Key financial highlights fell by almost £7000 to £29,329 due to falling member income. Sadly, this significantly affected our ability to make gifts to other ministries/individuals. Maintenan costs tripled to £4,263, mainly attributed to the one-off cost of resurfacing the wooden floors in the main halls. Not bad after more than 15 years of wear and tearl ilit bill had more than doubled In 2023. 1 am pleased to report that this was reduced by 210/0 to £5,947 in 2024 after renegotiating our energy contract. T5 began In October so we should see further benefits filtering through in 2025. o to charities and individuals as already mentioned was significantly and negatively Imparted by income redurtion in 2024. However, at almost £9000 it stlll represents 30010 of total income. Key beneficiaries were a Ministry to Laos, Wycliffe Bible Translators, SU Scotland, Scottish Bible Society rninistry in Guatemala, Bervle Holiday Club, and Open Doors the main UK ministry serving the persecuted Church globally. TAXATION The Trust Is recognised as a charity by the InlanL1 Revenue. This allows us to benef1t froth rates relief and to reclaim Gift Aid on gifts made by taxpayers. There Is no liability to taxation on any of its income. RESERVES POLICY The Trust carries financial reserves at o level that is considered suitable and necessary for our future work. RISK MANAGEMENT AND REVIEW The trustees have assesseL1 the main areas of risk to which the trust and Its trustees a exposed, In particular those relating to the operations and finances of the Trust. The have been identified as child protection., financial control and propriety,. public liabilityi fi and electrical safety; GDPR and public hygiene. External companies make regular visits carry out key safety service work. Training courses have been developed 'in house, ts) facilitate training of volunteer staff when required. AFFILIATIONS Some of our trustees also serve as trustees in other organisations. We also support other Christian Charities at home and abroad from time to time which provide specific reliqf ministries. VOLUNTEERS We greatly value the volunteers who serve the Trust and associated Church Fellowship at The Living Rooms. When necessary, we ensure that references and child protection audits are taken for Trew volunteers, and training provided. Page 3
KEY ACTIVITIES & HIGHLIGHTS of 2024 Lizzy Balmer was welcomed onto the trustee teatn in March. She has grown in spirituel maturity and taken on more responsibilities In the fellowship at The Living Rooms ITLR) In recent years. In the aLJtumn she embarked on a two year part time course with WTC In Nottingham. Her course fees are part funded by TLR. Key actions and events dur1ng the year.. PRAYER 1s of utmost Importance at TLR. We have weekly prayer groups for reflective and Intercessory prayer. We encourage members of the fellowship to take advantage of opportunities to pray with others when they arise. Vee Dickson led an Initiative In the springtime to Increase the profile of prayer In the commun1ty using the excellent 'Try Proving, resources. HOT CHOCOLATE ON THE STREET serves hot drinks on the main street Df Inverbervie on a Friday evening all year round. The team of ladies enthusiasticallv bring God's love and joy to many regulars, young and old, often v41th significant conversation5 and opportunities for prayer. A special evening was singing carols Pt Christmas when a large crowd celebrated the birth of Jesus In the open air. HOLIDAY CLUB Is a j.oint venture with TLR, the Parish Church and SU Scotland. It has been growing year on year since covid and this year we welcomed 70 childron each day over 4 days to the 'Restoration Station, to discover how Jesus is able to rescue ènd restore us to God. MAINLY MUSIC for mum5 and toddlers goes from strength to strength and h•s gained a reputation for being the best group in the area. Megyn now leads three large groups each week. HOUSE GROUPS 2 groups were started during the year meeting every other week, one in Bervie and the other in Montrose. They are well attended y¥ith a focus on Bible study, prayer and fellowship. SERVICES we continue to hold a Sunday morning all age service and a Sunday evening teaching service at TLR. Special Joint events were held with Bervie Pari$h Church at Easter and Christmas. I would like to pay tribute to the ongoing loving, faithful support of the many membets and friends of TLR who make everything we do a delight. And finally, and above all I want to thank Almighty God for his grace and guidance and provision once again in 20241 WEBSITE Up to date Information aL)out Grace Ministries and all events at The Living Room5 can tle found on our website www..Lh£livingrooms.grg. and on Facebook. Page 4
GRACE MINISTRIES {INVERBERVIE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR TO 31 DECEMBER 2024 I report on the accounts of the charlty for the year ended 31 December 2024 which are set out Dn pages 6 to g. Respertlve responslblllties of trustees and 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 {as amended). The charity trustees consider that the audlt QuIrement of Regulation l O ( l ) {d ) of the Accounts Regulauons does not apply. It is my responslblllty to examlne the accounts as required under sectlon 44 11) (c) of the Act and to State whether particular matters have come to my attenllDn. Basls of Independent examlnerfs statement My examlnation Is carried out In accordance with Regulation I l of the Charities Accolnts (Scotland l Regulations 2006. An examlnation includes a review of the accountlng rec•rds kept by the charlty and a comparlson of the accounts presented wlth those records, also includes consideration of any unusual Items or dlsclosures In the accounts and seeks explanations frotn the trustees concernlng any such matters. The procedures underta(en do not provlde all the evl(ience that would be requlred In an audlt and consequently I do not express an audlt opir7ion on the view given by the accounts. Independent examlner's statement In the course of my examlnation, no matter has come to my attentlon whlch glves me reasonable cause to belleve that In any materlal respect requirements: he to keep accountlng records in accordance wlth Sectlon 44 lllla) of the 2005 and Regulatlon 4 of the 2006 Accounts Regulatlons, and ct to prepare accounts which accord wlth the accountlng records and comply Regulation 9 of the 2006 Accounts Regulatlons Ith have not been met, or ?. tn whlrh, In my opinion, attp.ntinn shoiild be drawn In order to enable a proper Date: 2025 Page 5
GRACE MINISTRIES {INVER8ERVIE) REPORT and ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2024 STATEMENT OF FINANCIAL AcfIvThIES Total 2024 Tot•1 2023 f4ote Receipt5: Donations and legacies Receipts from charitable attivities Other Total receipts 24,971 32,188 4,238 3,416 30 330 29,239 35,934 Payments: Charitable artivities Other Total payments 11,234 17,703 28,937 21,3g7 15,929 37,326 Net Receipts/{Payments) and net movement in funds for the year 302 (1,392) Reconciliation of funds Total funds brought for¥yard Total funds carried forward 20,471 20.773 21.863 20,471 Page 6
GRACE MINISTRIES (INVERBERVIE) REPORT and ACCOUNTS YEAR ENDED 31 DECEMBER 2024 STATEMENT of BALANCES Notes 2024 2023 Property 320,806 320,806 Bank Balance 20,773 20,471 NET ASSETS 341 579 341 277 Represented by Accumulated Funds General Account Balance at l January Movement for year Balance al 3 1 December 291,277 292,669 302 291,579 291,277 Bullding Fund 50,000 50,000 341,579 341,277 Approved by the Trustees and signed on their behalf on 2025 Trustee Page 7
GRACE MINISTRIES (INVERBERVIE) REPORT and ACCOUNTS YEAR ENDED 31 DECEMBER 2024 NOTES to the ACCOUNTS Accounting Policies Basis of Preparation and assessment of going concern The Financial Statements have been prepared In accordance with the Statement Df Recommended Practice.. Accounting and Reporting by Charities preparing their accounts In accordance with the Financial Reporting Standard app11cable In the UK and the Republic of Ireland IFRS1021 Issued on 16 July 2014, the Charities and Trustees Investment (Scotlandl Art 2005 and the Charities Accounts (Scotlan Regulations 2006 las amended). The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. Funds structure Unrestricted funds comprise those funds which the trustees are free to use for a purpose In furtherance of the charitable objects. Unrestrirted funds Include designated funds where the trustees, at their discretion, have created a fund for a specific purpose. Irrecoverable VAT Irrecoverable Value Added Tax is charged against the expenditure heading f which it was incurred. Donations and legacies 2024 2023 Donations & gifts G1ft Aid tax refunds 19,465 5.506 24,971 25,789 6,399 32,188 Receipts from charitable activities 2024 2023 Food Ministry Mainly Music Holiday Club 385 3,684 169 4,238 242 3,174 3,416 Other receipts 2024 2023 Room hire Other 30 255 75 330 30 Page 8
GRACE MINISTRIES (INVERBERVIE) REPORT and ACCOUNTS YEAR ENDED 31 DECEMBER 2024 NOTES to the ACCOUNTS (CONTINUED) Charitable payments 2024 2023 Payroll Gifts Food Ministry/ Food Bank 525 8,944 1,765 11,234 1,890 17,673 1,834 21,397 Other payments 2024 2023 Equipment Repairs & Maintenance 1,318 4,263 5,947 1,485 1,407 2,438 795 50 17,703 3,308 1,068 7,556 1,193 1,146 1,658 Insurance Office costs and sundries Outreach resources and promotional costs Training Governance Costs 15,929 Trustees remuneration No remuneration or expense was paid to any trustee during the year (2023 £NIll in respert of their duties as a trustee. Property The property from which Living Rooms operates Is the former Inverbervie Gospel Hall which was gifted to Grace Ministries In the year to 31 December 2004. Its then current value of £50,000 comprises the Building Fund. Subsequent extension an refurbishment works have been added at cost and form part of the General Fundi Reserves There are no designated funds other than the Building Fund which represents tht value of the property gifteL1 to the Trust as described at Note 8 above. Page 9