**Charity number SC039935** ## **CHRIST CENTRAL (SCOTLAND)** **FINANCIAL STATEMENTS** **FOR THE YEAR TO 31 DECEMBER 2024** **CHRIST CENTRAL (SCOTLAND)** **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** |CONTENTS|| |---|---| ||Page| |Information|2| |Report of the Trustees|3| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Accounts|7| 1 **CHRIST CENTRAL (SCOTLAND)** **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **INFORMATION** **----- Start of picture text -----**
Trustees
Business addre
Charity number SC039935
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2 CHRISTCENTRAL ISCOTLANDI REPORT AND ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2024 REPORT OF THE TRUSTEES The Trustees present their report and accounts for the yearended 31 December 2024. Constitution and Organi5ation•l Structure The organi5ation wa5 constituted by a Deed of Tiust signed by the then trustees on l January 21J)5 and registered with the Office of the Scottish (harities Regulator on 9 October 21J)8. Under the rules lor financial administration the trustees act throu8h a Mana8ement Committee and have appoinied o act as the operations member. Obl¢¢tlws •nd Artl¥l¢l•s ThÈ princip31 objective of ihe of Trusi is ihe promoiK*n of the Chrisiian faiih in the Uniied Kin8dom. Europe and Ihrou8houi rhe world in such a manner thai the irustees shall in their absoluie discretion determine. Durin8 the year the trust tarried out ihè followin8 aclivities in addition to ih*r ie8ulai weekly fflèetin8s for worship and discipleship Communlty-the trusi worked alon8sideTLC SCIO io deliver communityoutreach projècts in Altensiforry reachin8 the whole of the Aberdeen City. Thi5 included the runninB of weekly f¢Jodbanks. foodbank delivery. community events and city outreach Leodershlp trnlnlng. Irainin8 was limiièd in ihis financial year io Aberdeen with ihe help of online inpui Ufvrtyle dls¢lpleshlp tralnlng- provbdin8 a more in depth look at Christianity in a 10 week course Fundmlslry- As part of our wider Boals we fundraise for other charities whose objectives 31i8n with ours bul who perform tasks that are outside our scope of operaiK)n. Structur•i80￿mInt* •nd m•n•8•m•rt Membership of ihe board is open io any person over the a8e of 16 who subscribes to the purposes of the charity and wishe5 to see them fulfilled. Trustees are elected at the annual 8eneral meetin8 01 which there is a minimum number of 3 trustees a5 per the constitution. The trustees are responsible for the 5trate8ic direction and governance of the 0r8anlsat￿n, with the daily operations bein8 performed by ihe operations manager and overseen by the chairman. The trustees are aware of iheir responsibiliiies lor health and safely, panicularly in re8ard ro the safe8uardin8 of children, workinB coThJitions of pa*J and volunieer workers and fraud and error. CHRISTCENTRAL ISCOTLANDI REPORT AND ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2024 Financial Revlew Flnunclolrevlew Income for the yeai undei Teview amounted to £51.498. This comprised of £43.995 in donations. £7.5￿ of other income and £3 in bank interest received. Out8oin8s lor the year totaled £21,160. This comprised of £15,048 for general operations, £1.068 for loan interest on the property loan. and £5,044 for repairs and maintenance to the property on Palmerston Road. There was a surplus for the year of £30.33712023- £41.3c(Jl and a reserve of funds of £1.177.32312023- £1,146,986) which iheTrustees consider io be adequate resourcesfor the purwses ofthe Tiusi. Taxatton The Trust IS 3 reco8nised as a charity by the Inland Revenue. There 15 theiefore no liability to taxation on any ol its income. Appfoved by the Trustees and si8ned on their behalfr. ?9 Se tember 2025 **CHRIST CENTRAL (SCOTLAND)** ## **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **STATEMENT OF FINANCIAL ACTIVITIES** ||**Unrestricted Funds**|**Unrestricted Funds**|||| |---|---|---|---|---|---| ||**General**|**Designated**|**Restricted**|**Total**|**Total**| ||**Funds**|**Funds**|**Funds**|**2024**|**2023**| ||**£**|**£**|**£**|**£**|**£**| |**INCOMING RESOURCES**|||||| |Weekly tithes and donations|43,995|-|-|43,995|44,229| |Building offerings|-|-|-|-|-| |Tax recoverable|-|-|-|-|6,417| |Bank interest received|3|-|-|3|1| |Other|7,500|-|-|7,500|5,087| |**TOTAL INCOMING RESERVES**|**51,498**|**-**|**-**|**51,498**|**55,734**| |**RESOURCES EXPENDED**|||||| |Grants and gifts|1,674|-|-|1,674|1,791| |Payroll Costs|-|-|-|-|-| |Travel costs|-|-|-|-|-| |Communication costs|1,078|-|-|1,078|1,658| |Utilities|7,600|-|-|7,600|5,483| |Insurance|2,303|-|-|2,303|2,139| |Repairs and maintenance|5,044|-|-|5,044|2,938| |Loan interest paid|-|1,068|-|1,068|2,155| |Other|2,393|-|-|2,393|1,725| |**TOTAL RESOURCES EXPENDED**|**20,092**|**1,068**|**-**|**21,160**|**17,889**| |**NET INCOMING/(OUTGOING)**|||||| |**RESOURCES**|**31,406**|**(1,068)**|**-**|**30,337**|**41,300**| |Transfers between funds|37,635|(37,634)|(1)|(0)|-| |**NET MOVEMENT IN FUNDS**|**(6,229)**|**36,565**|**1**|**30,337**|**41,300**| |Balance brought forward|4,382|1,142,533|71|1,146,986|1,105,686| |**BALANCE AT 31 DECEMBER 2024**|**(1,847)**|**1,179,098**|**72**|**1,177,323**|**1,146,986**| 5 **CHRIST CENTRAL (SCOTLAND)** ## **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **STATEMENT OF BALANCES** |**FIXED ASSETS**
Land and Buildings
**CURRENT ASSETS**
Cash at bank and in hand
NCMI
**CURRENT LIABILITIES**
Loans repayable < 1 year
Accruals
**NET CURRENT ASSETS/(LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Loans repayable > 1 year
**NET ASSETS**
**FUNDED BY:**
Restricted funds
Designated funds
General funds
**TOTAL FUNDS**|**Total**
**2023**
**£**
**1,187,006**
2,993
1,200
**4,193**
**(13,035)**
**(840)**
**(9,683)**
**1,177,323**
-
**1,177,323**
72
1,179,098
(1,847)
**1,177,323**|**Total**
**2022**
**£**
**1,187,006**
10,642
-| |---|---|---| |||**10,642**| |||**(37,188)**
-| |||**(26,546)**| |||**1,160,460**
(13,475)| |||**1,146,986**| |||71
1,142,533
4,382| |||**1,146,986**| 6 **CHRIST CENTRAL (SCOTLAND)** ## **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** Approved by the trustees and signed on their behalf On 29[th] September 2025 7 **CHRIST CENTRAL (SCOTLAND)** ## **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **NOTES TO THE ACCOUNTS** ## **1 Accounting Policies** - 1.1 Basis of preparation of accounts These financial statements have been prepared under the historical cost convention and include the results of the church’s activities which are described in the Trustees’ Report. The accounts have been prepared in accordance with the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 and the Statement of Recommended Practice – Accounting and Reporting by Charities issued in March 2005. The charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity. - 1.2 The Accounting Policies used for the preparation of these Accounts are as follows:- - a) All voluntary income (i.e. Offerings and Donations) is accounted for when received. - b) Covenant & Gift Aid Tax Recovered is accrued at the time of receipt of donations. - c) Expenses of the charity are accounted for on an accrual basis and provision is included in the financial statements for all known liabilities at the balance sheet date. - d) Equipment purchases are written off in the year of purchase because they are of such a nature that once used they have little or any carrying value. Property and related equipment costs will be written off at appropriate rates once they are brought intouse. ## **2 Trustees Remuneration** No trustees received remuneration for their services in the year (2023 £nil). The personal guarantee over the property belonging t to the amount of £100,000) remains in place in connection with the outstanding loan on the property. 8 **CHRIST CENTRAL (SCOTLAND)** ## **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Independent Examiner’s Report to the Trustees of Christ Central Aberdeen** I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 4 to 7. ## **Respective responsibilities 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. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 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 any particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 seeks explanations from the 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 the course of my examination, no matter has come to my attention: **1.** Which gives me reasonable cause to believe that in any material respect therequirements: - to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and - Regulation 4 of the 2006 Accounts Regulations - to prepare accounts which accord with the accounting records and comply with Regulation 9 of - the 2006 Accounts Regulations have not been met, or **2.** To which, in my opinion, attention should be drawn in order to enable aproper understanding of the accounts to be reached. Name: Professional body: CIMA Address: Date: 29 September 2025 9