CHARITY REGISTRATION NUMBER: SC034871
Mossvale Community Church Unaudited Financial Statements 31 March 2025
ANDREW WILSON BA CA
Chartered accountants
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Mossvale Community Church
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Members' annual report | 1 |
| Independent examiner's report to the members | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 20 |
| Notes to the detailed statement of financial activities | 22 |
Mossvale Community Church Members. Annual Report Year ended 31 March 2025 The members present their rewt and the unaudited financial statements of the charty for the year ended 31 March 2025. Reference and administrative details Registered charity name Mossvale Communty Church Charity registration number SC034871 Principal office The members Independent examiner
Mossvale Community Church
Members' Annual Report (continued)
Year ended 31 March 2025
Structure, governance and management
The Church Management Team, whose members are trustees for the purpose of the Companies Act, present their report and financial statements for the period April 2024 to March 2025.
Mossvale Community Church is a charitable organisation governed by constitution dated 23 September 2003. The church is run by a management committee consisting of members of the Leadership Team (Pastors and Elders) and other members of the congregation. The management committee make all major decisions with regard to the finances of the church. At least two members of the management committee are required to approve any funding of an activity, with at least one of these members being a pastor. Large projects require the approval of all of the leadership team. The management committee are appointed by the existing management committee who are also responsible for the training of new committee members. The day to day running of the church is delegated to . The management committee actively review risks which the church faces on an ongoing basis. We believe that maintaining the general reserves at the levels stated provide for timely indicators of adverse circumstances.
Trustees
A Church Management Committee operates, consisting of members of the Leadership Team (Pastors and Elders) and other church members. This group meets on a regular basis to plan and approve financial decisions and other church developments.
The Management Committee also function as Trustees of the charity. The current trustees are:
Objectives and activities
Our purposes, as recorded in our constitution are to glorify God and manifest His character to our community by:
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Worship of the Triune God through Jesus Christ.
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Building individual members to full maturity in Christ.
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Emphasising an "every member ministry" based on individual spiritual gifts.
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Building strong family relationships as the foundation of society.
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Training our children, by our God given rights, in the grace & law of Jesus Christ.
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Ministering to one another's physical and spiritual needs through fellowship among those in the
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Body of Christ, His Church.
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Sharing our faith in Christ with non-believers both locally and worldwide.
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Mossvale Community Church Members. Annual Report (contrnuedj Year ended 31 March 2025 Achievements and perfonnance Activities In the accounting period of April 2024 to March 2025 the following activities are held on weeklylregular basis at Mossvale: Sunday Service (including Livestream) Kids Connection (Sunday School) and Mossy Wee Friends Creche Prayer and Praise Meeling Abide Prayer & Devotional Meeting Men's Meeting Woman2Woman Meeting The Mossy CREW Youth Group Churches 2gether Renfrewshire, a local expression of the national Evangelical Alliance continues to hold a Wednesday evening service at Mossvale The Filling Station" once a week over the summer period and we streamed online also. Woman2Woman held a one-day Worship Conference 'Battle Wom. Battle Won" in October and a Women's Weekend away, "Roarf in February 2025. Due to the popularty of the Conference, future events will be held in a larger venue than Mossvaie. We continued our monthly service at Ailsa Court Sheltered Housing and hosting an aftemoon tea at Easter and Christmas for isolated pensioners via the charity Re:Engage. We held an outdoor Baptism service at in August 2024 in partnership wtth GALA Church. We provided the Bubble-Gum & Fluff (p6) Christmas sessions and the Easter Code (p7) again with We maintained a small store cupboard of food and essential toiletries, available to anyone who requests access from the congregation, members of the refugee communty and the general public. We participate in Renfrewshire events in order to engage with the local c(xnmunty. including D(r5 Open Day, and Wellbeing In The Park in the Fountain Gardens. Use of the Facilities The Café is the hub of most of our activitres. continues to be staffed by a team of dedicated volunteers, open before and after services, and to the general public days a week, providing affordable food and drinks. As part of our initiatives to combat loneliness. the first hot drink is free for anyone aged 70 and over. Hall hires included weekly hires from Pilales (until December 2024), children's birthday parties, the joint graduation party, and by the charty Sewing2gether All Nats'ons, who have a multi-year grant which enables them to hire the Mossvale Hall days per week for their staff base and hold their workshops, language cafe and other activities. A small creative group has been formed "Love'N'Grace Crafiers". who are running a monthly all day drop-in craft workshop in the Mossvale Hall. singer. holds conrtS held in partnership with the again attracting the local communty. members o
Mossvale Community Church
Members' Annual Report (continued)
Year ended 31 March 2025
The local community centre is closed at present while it undergoes asset transfer, and so we have had significantly more requests for hires. This includes who used the Sanctuary for their Christmas Concert, allowing a few hundred parents to attend.
Outreach and Oversees Activities
"Clothed in Love" continues its mission to support families in Renfrewshire, providing essential clothing and items for daily life from new born, now up to 10 years of age and gifts them to families via referrers such as social work, health visiting teams and Home Start.
In November 2024 and March 2025 we were able to visit the projects of Rescue Aid Mission, the NGO in Ghana we have supported since 2005. Our interior work in building "Mossvale Community Sanctuary" was almost complete, and we purchased chairs in preparation for the church opening on the March visit.
We continue the financial support of in Krokoshwe village, maintained by our sponsorship scheme for staff salaries. The remainder of legacy gift from ring fenced for "children's missions overseas" has not been used this year, but may be utilised for building work at the school in the future.
Our fundraising activities have included: Cake Auction in May 2024, Fundraising Family Fun Day & BBQ in August 2024, a Christmas Craft Market and a Hogmanay Ceilidh.
We maintain a small store cupboard of food and essential toiletries, available to anyone who requests access from the congregation, members of the refugee community and the general public.
Other notable items to report
Our Repairs and Maintenance budget was spent items such as boiler and radiator replacements in the Mossvale Hall, and radiator replacements in the Sanctuary.
In September 2024, was offered the position of Pastor at Harthill Community Church, and resigned her position here at Mossvale. The trustees record their appreciation for her service and convey their full support as she undertakes this new responsibility. She continues to lead the ministry "Woman2Woman" with sessions held at Mossvale twice per week.
Financial review
Income
Our unrestricted income for the twelve month period April 2024 to March 2025 was £206,477 (2024: £203,368). The source of funds was donations such as tithes and offerings. Gift Aid reclaims totalling £37,036 (2024: £37,116) were received from HM Revenue & Customs during the year.
Reserves Policy
We have a reserves policy whereby the funds are held by the charity to ensure we could cover between 3 and 6 months of expenditure if necessary, which equates to £50,000 to £100,000. At this level, we would be able to continue the current activities of the charity in the event of a significant drop in funding or a major incident. At our last accountancy period present the general reserves amounted to £64,983 (2024: £68,455).
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Mossvale Community Church Members. Annual Report (contrnuedj Year ended 31 March 2025 Plans for future periods The plan for 2025 - 2026 is to continue all of our groups, seNices and annual events, while continuing to provide live and recorded online content for the housebound. and those working shifts. 2025 will be a year of much celebration. recognising the 50th anniversary of the official opening of the church by this congregation, and also 20 years since we started working with our partners in Ghana, 10 years since we opened the Mossy Café, and finally seeing the opening of our sister church, Mossvale Community Sanctuary in Ghana. The members. annual report was approved on 1 W December 2025 and signed on behalf of the board of trustees by:
Mossvale Community Church Independent Examinerfs Report to the Members of Mossvale Community Church Year ended 31 March 2025 I report on the financial statements for the year ended 31 March 2025. which comprise the statement of financial activities. statement of financial position arKI the related notes. Respective responsibilities of members and examiner The charity's members are responsible for the preparation of the accounts in accordance with the tems of the Charities and Trustee Investrnent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity members consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does nol apply. It is my responsibility to examine the accounts as required under section 44(1){c) of the Act and to stale whether particular matters have come to my attention. Basis of independent examinerfs report My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examinatr'on 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 seeks explanations from the members conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audtt and consequentty I do not express an audit opinion on the view given by the accounts. Independent examinerfs statement In connection with my examination. no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 44(1Xa) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. arKI to prepare accounls which accord with the accounting records aThl comply with Regulation 8 of Ihe 2006 Accounts Regulations have not been met, or (2) to which. in my opinion, attention should be dra in order to enable a proper understanding of the
Mossvale Community Church
Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 189,411 | 33,337 | 222,748 | 244,635 |
| Other trading activities | 5 | 17,066 | – | 17,066 | 12,085 |
| Investment income | 6 | – | – | – | 150 |
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| Total income | 206,477 | 33,337 | 239,814 | 256,870 | |
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| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 7 | 13,350 | – | 13,350 | 6,993 |
| Expenditure on charitable activities | 8,9 | 196,893 | 34,676 | 231,569 | 298,060 |
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| Total expenditure | 210,243 | 34,676 | 244,919 | 305,053 | |
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| Net expenditure and net movement | in | ||||
| funds | (3,766) | (1,339) | (5,105) | (48,183) | |
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| Reconciliation of funds | |||||
| Total funds brought forward | 513,882 | 42,682 | 556,564 | 604,747 | |
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| Total funds carried forward | 510,116 | 41,343 | 551,459 | 556,564 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 18 form part of these financial statements.
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Mossvale Community Church Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 16 274,475 274.769 Current assets Debtors Cash at bank and in hand 17 35,122 244,532 37,116 246,311 279,654 283.427 Creditors: amounts falling due within one year Net current assets 18 2,670 1.632 276,984 281,795 Total assets less cuent liabilities 551,459 556,564 Net assets 551,459 556,564 Funds of the charity Restricted funds Unrestricted funds 41,343 510,116 42.682 513.882 Total charity funds 20 551,459 556,564 These financial statements were approved by the board of trUStS and authorised for issue on 1 glh Dember 2025. and are signed on behalf of the board by: The notes on pages 9 to 18 forni part of these financial statements.
Mossvale Community Church
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is .
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the members for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Mossvale Community Church
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is accounted for on an accruals basis. All costs have been attributed to one of the functional categories of resources expended in the sofa. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable of VAT.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property - Not depreciated Equipment - 33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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Mossvale Community Church
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Impairment of fixed assets (continued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Tithes / Offerings / Gift Aid | 189,411 | 19,497 | 208,908 |
| Mossy International School | – | 10,350 | 10,350 |
| Clothed in Love | – | 990 | 990 |
| Grants | |||
| Sewing2gether All Nations - Transfer | – | 2,500 | 2,500 |
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| 189,411 | 33,337 | 222,748 | |
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Mossvale Community Church
Notes to the Financial Statements (continued)
Year ended 31 March 2025
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Donations | |||||
| Tithes / Offerings / Gift Aid | 191,133 | 25,819 | 216,952 | ||
| Mossy International School | – | 7,150 | 7,150 | ||
| Clothed in Love | – | 20,533 | 20,533 | ||
| Grants | |||||
| Sewing2gether All Nations - Transfer | – | – | – | ||
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| 191,133 | 53,502 | 244,635 | |||
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| 5. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Mossy Cafe Takings | 17,066 | 17,066 | 12,085 | 12,085 | |
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| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | – | – | 150 | 150 | |
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| 7. | Costs of other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Mossy Cafe | 13,350 | 13,350 | 6,993 | 6,993 | |
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Mossvale Community Church
Notes to the Financial Statements (continued)
Year ended 31 March 2025
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Ministry & associated activities | 194,574 | 18,222 | 212,796 |
| Mission | 360 | 16,454 | 16,814 |
| Support costs | 1,959 | – | 1,959 |
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| 196,893 | 34,676 | 231,569 | |
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| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Ministry & associated activities | 194,812 | 84,792 | 279,604 |
| Mission | 360 | 16,359 | 16,719 |
| Support costs | 1,737 | – | 1,737 |
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| 196,909 | 101,151 | 298,060 | |
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9. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Total funds | Total fund | ||
| directly | of activities Support costs |
2025 | 2024 | ||
| £ | £ | £ | £ | £ | |
| Ministry & associated | |||||
| activities | 199,565 | 13,231 |
– | 212,796 | 279,604 |
| Mission | – | 16,814 |
– | 16,814 | 16,719 |
| Governance costs | – | – |
1,959 | 1,959 | 1,737 |
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| 199,565 | 30,045 |
1,959 | 231,569 | 298,060 | |
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10. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | Total 2025 | Total 2024 | |
| £ | £ | £ | |
| Premises | 294 | 294 | 294 |
| Governance costs | 1,704 | 1,704 | 1,632 |
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11. Analysis of grants
The Grants given were to fund the various mission work that the church assists with:
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Mossvale Community Church
Notes to the Financial Statements (continued)
Year ended 31 March 2025
11. Analysis of grants (continued)
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Grants to institutions | |||
| Ghana Mission - various organisations & individuals | 16,454 | 16,359 | |
| Joint Aid Management | 360 | 360 | |
| Mossy International School - previously Krokoshwe School | 9,713 | 8,310 | |
| Churches Together Renfrewshire | – | 500 | |
| Sewing2gether All Nations - Transfer | 2,500 | 70,059 | |
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| 29,027 | 95,588 | ||
| Grants to individuals | |||
| Grants to individuals | 1,018 | 500 | |
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| Total grants | 30,045 | 96,088 | |
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| 12. | Net expenditure | ||
| Net expenditure is stated after charging/(crediting): | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 294 | 294 | |
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| 13. | Independent examination fees | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 1,704═══════ |
1,632═══════ |
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 55,935 | 62,708 |
| Social security costs | 836 | 1,095 |
| Employer contributions to pension plans | 20,179 | 345 |
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| The average head count of employees during the year was 1 (2024: 2). The average | The average head count of employees during the year was 1 (2024: 2). The average | number of |
|---|---|---|
| full-time equivalent employees during the year is analysed as follows: | ||
| 2025 | 2024 | |
| No. | No. | |
| Number of pastoral staff | 1 | 2 |
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Mossvale Community Church
Notes to the Financial Statements (continued)
Year ended 31 March 2025
14. Staff costs (continued)
The number of employees whose remuneration for the year fell within the following bands, were:
2025 2024 No. No. £60,000 to £69,999 1
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £76,114 (2024:£63,053).
15. Trustee remuneration and expenses
No management committee members received remuneration in their capacity as members of the management committee.
, a member of the management committee, received remuneration in his capacity as pastor during the year, as detailed in Note 22.
16. Tangible fixed assets
| Freehold | ||||
|---|---|---|---|---|
| property | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2024 and 31 March 2025 | 277,415 | 129,793 | 407,208 | |
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| Depreciation | ||||
| At 1 April 2024 | 2,646 | 129,793 | 132,439 | |
| Charge for the year | 294 | – | 294 | |
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| At 31 March 2025 | 2,940 | 129,793 | 132,733 | |
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| Carrying amount | ||||
| At 31 March 2025 | 274,475 | – | 274,475 | |
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| At 31 March 2024 | 274,769 | – | 274,769 | |
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| 17. | Debtors | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Other debtors | 35,122 | 37,116 | ||
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| 18. | Creditors: amounts falling due within one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Accruals and deferred income | 2,670 | 1,632 | ||
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Mossvale Community Church
Notes to the Financial Statements (continued)
Year ended 31 March 2025
19. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £20,179 (2024: £345).
20. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March 202 | |||
| 1 April 2024 | Income | Expenditure | 5 |
|
| £ | £ | £ | £ | |
| General funds | 68,455 | 206,477 | (209,949) | 64,983 |
| Fixed Asset Fund | 274,769 | – | (294) | 274,475 |
| Building Fund | 170,658 | – | – | 170,658 |
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| 513,882 | 206,477 | (210,243) | 510,116 |
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| At | ||||
| At | 31 March 202 | |||
| 1 April 2023 | Income | Expenditure | 4 |
|
| £ | £ | £ | £ | |
| General funds | 66,047 | 166,252 | (163,844) | 68,455 |
| Fixed Asset Fund | 275,063 | – | (294) | 274,769 |
| Building Fund | 173,306 | 37,116 | (39,764) | 170,658 |
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| 514,416 | 203,368 | (203,902) | 513,882 |
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The Fixed Asset Fund (previously known as the Church Building Fixed Asset fund) represents the value attributed to the churches fixed assets. In the opinion of the management committee this is a non distributable asset.
Building Fund.
The Building Fund was set up to provide funds for the repair and maintenance of the church, and to fund the purchase and improvement of new church buildings.
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Mossvale Community Church Notes to the Financial Statements (eontinuedj Year ended 31 March 2025 20. Analysis of charitable funds (continued) Restricted funds At 31 March 202 1 April 2024 Income Expendtture Mission Fund Children's Mission Fund Sewing2gether All Nations Clothed in Love Mossy International School 15,051 8,496 14.319 5.178 2.500 990 10.350 (16,454) (1,513) (2,500) (6,009) (8,200) (34.676) 12.916 12.161 17,505 1,630 12.486 3.780 42.682 33.337 41.343 At 31 March 202 1 April 2023 Income Expenditure Mission Fund Children's Mission Fund Sewing2gether All Nations Clothed in Love Mossy Intemational School 5,464 11.286 70,059 3,522 25,946 (16,359) (2,790) (70,059) (6,423) (5,520) (101,151) 15,051 8,496 20,406 7.150 17,505 1,630 42.682 90.331 53.502 The Mission fund was set up to provide fvnding for missionary work OveeaS. The Children's Mission Fund was funded by a legacy from and is to be used for missionary work with children overseas. We have deaded to support a school in Krokoshwe village (now renamed Mossy schcrfjl). Ghana. The fund was utilised for the monthly costs of salaries. fuel and focmj for pupils until other donations were sufvient to take on these costs. The Mossy Intemational School fund was set up to support a school in Krokoshwe village (now renamed Mossy Intemational School). Ghana. The fund covers the monthly costs of salaries. fuel and food for pupils. The Sewing2gether All Nations prqecl was incorporated as a separate chanty (30 March 2023, SC052445). The balance of a final inslalment of a Restricted Grant from Paths For All was transferred to Sewing2gether All Nations during the year. Last year the restricted fund balance of £70,059 was transferred to the new charty. "Clothed in Love" was launched in August 2020 with a mission lo support families in Paisley, providing essential clothing and ilems for daily lrfe. 17-
Mossvale Community Church
Notes to the Financial Statements (continued)
Year ended 31 March 2025
21. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 274,475 | – | 274,475 |
| Current assets | 238,311 | 41,343 | 279,654 |
| Creditors less than 1 year | (2,670) | – | (2,670) |
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──────── |
───────── |
|
| Net assets | 510,116 | 41,343 | 551,459 |
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════════ |
═════════ |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 274,769 | – | 274,769 |
| Current assets | 240,745 | 42,682 | 283,427 |
| Creditors less than 1 year | (1,632) | – | (1,632) |
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──────── |
───────── |
|
| Net assets | 513,882 | 42,682 | 556,564 |
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22. Related parties
The following transactions with related parties took place during the year:
, a member of the management committee, was paid a salary of £46,841 (2024: £44,616) in his capacity as a pastor during the year. He was also reimbursed £6,696 (2024: £5,653) for expenses in his capacity as a pastor (including two pastoral trips to Ghana).
, a member of the Management Committee, was paid a consultancy fee of £7,738 (2024: 9,072) for providing administrative services and support.
, uncle of
, was paid a consultancy fee of £2,915 (2024: £2,860)
during the year for pastoral services.
In respect of work done on the renovation of the Church building, Origin Construction Contracts Ltd (a company in which a member of the Management Committee, is a Director and shareholder) was paid £18,299 (2024: £35,713)
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