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← Lovebridge Community Church

2025-09-30-accounts

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LOVEBRIDGE COMMUNITY CHURCH

Report and Financial Statements For the Year ended 30 September 2025

LOVEBRIDGE COMMUNITY CHURCH

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 September 2025

Contents Page
Legal and Administrative Information 2
Report of the Trustees 3-7
Independent Examiner's report 8
Statement of Financial Activities 9
Balance sheet 10
Notes forming part of the Financial statements 11-13

1

LOVEBRIDGE COMMUNITY CHURCH REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 September 2025

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional advisers

TRUSTEES

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REGISTERED OFFICE

19CromarGardens Kingswells Aberdeen AB15 8TF

BANKERS

BANK OF SCOTLAND

EXAMINER

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

CHARITY COMMISSION REGISTERED NUMBER

SC042672

2

LOVEBRIDGE COMMUNITY CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 September 2025

Governing Document

The charity is an Unincorporated Association and governed by Its Constitution dated 10th February, 2017.

Trustee Appointments, Training of New and Old Trustees

Trustees are selected as outline in clause 9 of the charity’s constitution and are appointed by the agreement of existing trustees. The Church has confidence in the experience and ability of the trustees to administer the activities of the charity. Induction and training will be considered on an ongoing basis, particularly in the event of a new Trustee being appointed. There was no change in the trustees during the financial year

Public Benefit Statement

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for public benefit. Details of how the charity has achieved these are provided in this report.

Organisational Structure and Decision Making

The Charity is organised so that the trustees meet regularly as required by the constitution to manage its strategic affairs. The spiritual and administrative aspect of the church is managed by the Pastor and the Senior Leadership Team.

Risk Management

The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the specific operational areas of the charity and its finances. The trustees have established systems to mitigate these risks through monitoring of reserve levels; ensuring control exists over key financial systems and by examining the operational and business risks faced by the charity.

The day-to-day operations of Lovebridge Community Church are overseen by Pastor Edosa Akioya, with various teams in place to manage specific areas.

Objectives and Global Outreach

Objectives and Activities

Principal Activity

Our purpose as recorded in the constitution is to promote the Christian Faith and its values amongst the church members and the community at large throughout Scotland, relief of poverty, advancement of religion, advancement of citizenship or community development, provision of recreational facilities and promotion of religious or racial harmony. Over the last financial year, we have achieved this through weekly meetings and conducting programmes for alleviation of poverty, assisting the elderly, and ministering to the spiritual needs of all members of the church and society at large.

3

LOVEBRIDGE COMMUNITY CHURCH

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 30 September 2025

ACHIEVEMENT AND PERFORMANCE

Over the last year, Lovebridge community Church has been involved in several activities in the Aberdeen area, reaching out to various families and people groups. Some of the major activities include

4

LOVEBRIDGE COMMUNITY CHURCH

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 30 September 2025

CONTRIBUTIONS MADE BY VOLUNTEERS

The charity enjoys the services of various volunteers, who contribute enormously in various areas of service provision, development and implementation of the Church vision. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations. We are greatly indebted to these volunteers for their commitment and support.

ACCOUNTING POLICIES

Scope and Basis of the financial statements:

The Trustees have adopted the provision of the Statement of Recommended Practice (SORP) Accounting and Reporting by charities issued in March 2005

The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £48,910 and had a surplus of £4,951 during the year.

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable in Scotland requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these accounts, the trustees are

required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

5

LOVEBRIDGE COMMUNITY CHURCH

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 30 September 2025

The trustees are responsible for keeping proper accounting records, disclose with reasonable accuracy the financial position of the charity and enable them to ensure that its financial statements comply with the Charities (Regulation and Administration) (Scotland) Act 2023. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities (Regulation and Administration) (Scotland) Act 2023, the trust decided to appoint an examiner, which will review the accounts for the year ended 30 September 2025. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

on behalf of the trustees

14th October, 2025

6

LOVEBRIDGE COMMUNITY CHURCH

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 30 September 2025

Independent Examiner’s Report to the Trustees of LOVEBRIDGE COMMUNITY CHURCH

I report to the trustees on my examination of the accounts of the LOVEBRIDGE COMMUNITY CHURCH Trust for the year ended 30 September 2025, which are set out on pages 8 to 12.

Responsibilities and basis of report

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) (a) to (c) 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 particular matters have come to my attention.

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 the requirements:

• 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 8 of the 2006 Accounts Regulations have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

14th October, 2025

7

LOVEBRIDGE COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 30 September 2025

Notes
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
General Donations
2
Other income
2
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
3
Charitable activities
3
Governance
4
TOTAL RESOURCES EXPENDED
Net income/(outgoing) resources
Total funds brought forward
Total funds carried forward		 Un-restricted
funds
2025
£
41,360
7,550		 Restricted
Funds
2025
£
-
-
-
-
-
-
-
-
-
-		 Total Funds
2025
£
41,360
7,550
48,910
27,415
14,764
1,780
43,959
4,951
33,888
38,839		 Total Funds
2024
£
36,909
-
48,910
27,415
14,764
1,780		 36,909
19,134
19,897
2,929
43,959 41,960
4,951
33,888		 (5,051)
38,939
38,839 33,888

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

8

LOVEBRIDGE COMMUNITY CHURCH BALANCE SHEET AS AT 30 September 2025

Notes
FIXED ASSETS
Tangible Assets
5
CURRENT ASSETS
Cash at bank and in hand
6
Current Liabilities
Creditors: amounts falling due within one year
7
Total Asset Less Current Liabilities
Total Asset Less Total Liabilities
FINANCED BY:
Unrestricted funds
9
TOTAL FUNDS		 2025
Total
£
12,500
26,819
39,319
(480)
38,839
38,839
38,839
38,839		 2024
Total
£
6,597
27,771
34,368
(480)
33,888
33,888
33,888
33,888

on behalf of the trust.

Trustee 14th October, 2025

For the year ending 30 September 2025, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

on behalf of the trust.

Finance Officer

14th October, 2025

9

LVEBRIDGE COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 September 2025

ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.

Cash flow statement

Under FRS 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that the charity is below the threshold specified in Appendix 2 of the FRS1.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in Note 2.

Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Premise’s overheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head count.

Community project costs are those costs incurred directly in support of the objects of the Charity. The community project cost includes other support costs incurred in support of the objects of the Charity. Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements.

10

LOVEBRIDGE COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 September 2025

Note 2. Incoming Resources - General Donations

Note 2.
Incoming Resources - General Donations
General Donations
Other income
Note 3.
Resources Expended - Activities
Events & Other
Building Acquisition
Telephone
Software
Road Tax
Equipment
Insurance
Bus Repairs
Maintenance and Restructuring
Advert
Subscription
Travels
Community & outreach activities
Depreciation
Venue Rent
Note 4.
Resources Expended – Governance
Accountancy		 Unrestricted
Funds
£
41,360
7,550
48,910
Unrestricted
Funds
£
3,357
1,200
151
156
675
1,750
2,517
2,321
173
128
14,764
6,597
9,590
43,379
Unrestricted
Funds
£
580
580		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
Funds
£
-
-		 2025
Total
Funds
£
41,360
7,550
48,910
2025
Total
Funds
£
3,357
1,200
151
156
675
1,750
2,517
2,321
-
173
-
128
14,764
6,597
9,590
43,379
2025
Total
Funds
£
580
580
2025		 2024
Total
Funds
£
36,909
-
36,909
2024
Total
Funds
£
1,866
173
-
-
500
5,233
3,255
1,501
500
309
354
640
18,031
2,199
7,170
41,730
2024
Total
Funds
£
730
730
2024
Note 5.
TANGIBLE ASSETS		 Freehold
Property		 Motor Vehicle Total Total
Cost
Additions
Total Costs
Depreciation
Balance brought forward
Charge for the year
Balance carried forward
Net book value
At 30 September 2025
At 30 September 2024		 £
-
-
-
-
-
-
-
-		 £
16,967
12,500
29,467
10,370
6,597
16,967
12,500
6,597		 £
16,967
12,500
29,467
10,370
6,597
16,967
-
12,500
6,597		 £
16,967
-
16,967
8,171
2,199
10,370
-
6,597
6,597

11

LOVEBRIDGE COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 September 2025

Note 6.
Cash at bank and in hand
2025
£
Cash at bank
26,819
Savings account
26,819
Note 7.
Creditors: amounts falling due within one year
2025
This is made up as follows:
£
Accountancy Fees
480
480
Note 8.
Movement in funds
Opening
balance
£
Unrestricted funds
Charity's fund
29,548
29,548
Restricted funds
Interest Received
-
-
Note 9.
Analysis of net assets by fund
Unrestricted
Funds
£
Cash at bank and in hand
26,819
Other net assets (liabilities)
12,020
38,839		 2024
£
2,178
25,593		 Resources
expended
£
(43,959)
(43,959)
-
(43,959)
2025
2024
Total
Total
Funds
Funds
£
£
26,819
23,431
12,020
6,117
38,839
29,548
27,771
2024
£
480
480
Incoming
resources
£
48,910
48,910
-
48,910
Restricted
Funds
£
-
-
-

Note 10. TRUSTEES REMUNERATION

The Trustees did not receive any emoluments and no out of pocket expenses were paid during the year (2024: £nil)

income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its objects. No tax charges have arisen in the charity.

Note 12. Control

The ultimate controlling parties are the trustees as stated on page 3.

12