Faith Family Church Fife
Trustees Report 2024
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Trustees’ Annual Report
For the Year Ended 31 December 2024
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The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 December 2024.
## `Reference & Administrative Information`
## **Charity Name**
Faith Family Church Fife (formerly Destiny Church Fife until 16/10/2017)
**Charity No** SC043492
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Structure Governance & Management
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## **Constitution**
The charity was set up as an individual charity when it moved out from under the wing of Destiny Church Glasgow and was recognised as a Scottish charity with effect from 16/10/2012. The charity name was changed to _Faith Family Church Fife_ since 16/10/2017. The Trust is administered in accordance with the terms of the Trust Deed.
## **Appointment of Trustees**
The trustees are appointed and removed in accordance with the Trust Deed which requires that appointment is approved by unanimous agreement of the existing trustees and removal of any trustee by the unanimous agreement of the others.
## **Management**
The church leaders which meet on a monthly basis are separate from the charity’s trustees who being in close communication with the church leaders meet as required but no less than a three monthly basis. Expenditure approved by the church leaders is limited to amounts pre agreed by the trustees.
The trustees are responsible for the approval of any extraordinary expenditures of the charity out with the limits set out by the trustees. There are Trustee members who are also members of the church leaders as well as trustees who are independent of the church leadership team.
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Faith Family Church Fife
Trustees Report 2024
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Objectives & Activities
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## **Charitable Purposes**
There are two main purposes for the charity the first being the alleviation of poverty and the second the furtherance of the Christian faith. Faith Family Church Fife is a Christian church whose purpose is the advancement of the Christian faith in accordance with the doctrines set out Holy Bible and the worship of God and the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of Christian and other needy people.
## **Activities**
The church was open for regular service. Increased in home group meetings to twice a week. It was a slow start but encouraging feedback on social gatherings. There was hunger for interaction but people needed to commit time and resources.
We maintain in reaching out by conducting Christian teaching through Sunday services, week days teaching on serving God and the community, reaching out to the needy through _Faith in Action_ by providing 25 food hampers over Christmas season and, building up relationship through fellowship with one another and those needing friendship and encouragement, and promoting healthy lifestyle through group teaching. Christian counselling, pastoral care supports and marriage counselling are also available to help those going through their challenging time of addiction and struggles.
Other outreach programme includes craft group weekly and tea/cakes fellowship after every Sunday service.
Prayer meetings/bible studies are organised twice a week to give opportunity for fellowship and bringing comfort to those in need in the community and abroad.
Since we moved the church premises to the 18/9/2022, we carried out minor renovation works internally, with all the windows and front door at the main hall replaced and initial start to landscaping the garden, in partnership with Fellowship of Christ church.
## **Achievements & Performance**
The church membership went down to an average of 15 people over the year. Over the year, individuals continue to change to a better and fulfilling life through the teaching and counselling sessions and living out what they believe in confidence. We also initiated an inter-church fellowship weekly to encourage people to spend time together through craft and tea and coffee sessions.
Faith Family Church Fife is now being accepted as one of the local churches in Dunfermline providing support to the community for people going through difficulties and loneliness.
The Church plays an active part in the gatherings of the local pastors in Dunfermline to promote fellowship and support to advance the Christian faith in loving our community.
Faith Family Church Fife was also part of the overseas mission work in South Africa working together to advance the Christian faith (e.g. supporting orphanage centre and individual missionary).
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Faith Family Church Fife
Trustees Report 2024
Faith Family Church also supported financially (£500) the children in need mission in South Africa and financial support of £1150 (hardship fund) locally in Dunfermline.
## `Financial Review`
Our main source of funding is the donations to the church by member’s tithes and offerings. Independent financial audit for the church was carried out.
Receipts were £16828, plus carried over from 2023 £27174.94 = £44002.94 Payments were £15067.55.
At the end of the year £28935.39 remained in the bank.
## **Reserves Policy**
The trustee’s policy is to maintain reserves at around 2 months share of utilities bills (£500) and 10% share of repairs/renovation cost (up to £2500 per year).
## `Plans for the Future`
The trustees have informed the management committee of the need to increase funding. It is hoped that this will be done by active fundraising and an increase in membership. To facilitate this we will encourage the whole church congregation to actively engage in membership drive initiative.
It is intended to maintain our core values as far as possible the level of giving through Faith in Action in support up to 5 needy families.
It is our intention to share with Fellowship of Christ the use of their church building in the longer term so as to manage the rental expenditure and provide accommodation facilities to support local community.
The plan will be reviewed annually.
(Chairman)
… (Treasurer)
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Faith Family Church Fife Accounts 2024-Rev 1
## **Faith Family Church Fife Accounts – For the period 1[st] January 2024 to 31st December 2024**
## **1 Basis of Accounting**
These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
## **2 Nature and purpose of funds**
Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain three accounts which are all classed as unrestricted fund for the day-to-day running of the Church.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. For the period of those accounts there were no restricted funds noted[2] .
## **3 Accounts**
Faith Family Church Fife has 3 bank accounts which are
1. Tithe Account:-Mainly used to hold regular tithes and monies which are eligible under the government gift aid scheme.
2. Offering Account:- Mainly used to hold Sunday offerings not eligible for gift aid.
3. Special Projects Account:- The building account is a legacy account which was intended to be used to hold monies towards the purchase and maintenance of a premises. It has now however been designated as a special projects account. This broadens the scope of the use of the money which may now be used for special projects as designated by the trustees.[1]
## **3.1 Balances**
The accounts below are the income and expenditure for the three accounts listed above.
## _**3.1.1 Tithe Account**_
|**_3.1.1 Tithe Account_**||
|---|---|
||**2024**|
|Opening Balance|14808.43|
|Income|8174.16|
|Total|22982.59|
|Expenditure|9220.00|
|Closing Balance|13762.59|
|Total|22982.59|
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Faith Family Church Fife Accounts 2024-Rev 1
## _**3.1.2 Offering Account**_
||**2024**|
|---|---|
|Opening
Balance|11100.85|
|Income|8383.14|
|Total|19483.99|
|Expenditure|5847.55|
|Closing Balance|13636.44|
|Total|19483.99|
## _**3.1.3 Special Projects Account[1]**_
||**2024**|
|---|---|
|Opening
Balance|1265.66|
|Income|270.70|
|Total|1536.36|
|Expenditure|0|
|Closing Balance|1536.36|
|Total|1536.36|
## **All Accounts Total Balance £28935.39**
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Faith Family Church Fife Accounts 2024-Rev 1
## **3.2 Income and Payments[4]**
|**2 Income and Payments4**|||
|---|---|---|
||**Unrestricted**|**Restricted**|
|**Receipts**|**Funds**|**Funds**|
|Opening|£27174.94|£0.00|
||£1339.88|£0.00|
|External Donations & Gift Aid|||
|Donations from Church|£8212.14|£0.00|
|Membership|£6616.00|£0.00|
|Bank Interest|£409.98|£0.00|
|All Other Income|£250.00|£0.00|
|**Total Income**|£16828.00|£0.00|
||**Unrestricted**|**Restricted**|
||**Funds**|**Funds**|
|**Payments**|||
|Church Ministries|£1800.00|£0.00|
|Grants & Donations Made|£4961.81|£0.00|
|Charitable Giving|£400.00|£0.00|
|Building and Utilities Costs|£875.74|£0.00|
|Salaries and Expenses|£6,720.00|£0.00|
|Purchase of Equipment|£160.00|£0.00|
|External Services|£150.00|£0.00|
|Insurance|£0.00|£0.00|
|Other Charges / Expenses|£0.00|£0.00|
|**Total Payments**|£15067.55|£0.00|
|**Balance All Accounts**
**December 2024**|**£28935.39**||
## **3.3 Assets**
|**3 Assets**||
|---|---|
|**Assets**|**Approximate Value**|
|Computer|£0.00|
|Laptops|£100.00|
|Printer|£0.00|
|Projector|£0.00|
|Musical Instruments|£50.00|
|Projector Screen|£0.00|
|Fixtures & Fittings|£0.00|
## **Total Approximate Value of Assets £150**
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Faith Family Church Fife Accounts 2024-Rev 1
## **4 Notes to Accounts**
## **4.1 Church Ministries**
## **4.2 Related Party Transactions**
For the report Period 1[st] January 2024– 31[st] December 2024 no remuneration was paid to any trustee or connected party[3]
## **4.3 Notes on Headings**
The following table explains the rationale behind the different headings within the accounts spreadsheet used to compile this report.
|**Heading From R&P**|**Heading From Transaction**
**Accounts**|**Explanation**|
|---|---|---|
||||
|**Church Ministries**|Church Ministry|Money used to support direct work
within the church and for the church|
||Speakers|Honorarium paid to non-Church
members who are invited to speak to
the church.|
|**Grants & Donations Made**|Grants and donations made|Donations of money to support others
for Christian work not directly related
to the church|
||||
|**Charitable Giving**|Charity Giving|Gifts of goods or money to reward or
support kindness shown, or alleviate
suffering or poverty.|
||||
|**Building and Utilities**
**Costs**|Rent|Money paid to landlord for the use of a
church building|
||Rates|Money paid to local council for services
to church building|
||Utilities|Gas,Electrical and Telephone costs|
||Building Maintenance|The purchase of goods or services that
improve the condition of the church
building but are not included in the
capital expenditure.|
|**Insurance**|Insurance|Any insurance premium both statutory
and voluntary|
||||
|**Salaries and Expenses**|Salary|Wages paid to employees of the church
and includes all bonuses|
||Travel Expenses|Expenses paid in exceptional
circumstances to facilitate travel on any
church business. NB Speakers may also
be paid expenses as a separate amount.|
||Tax|money paid to HMRC as part of the
church statutory duty|
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Faith Family Church Fife Accounts 2024-Rev 1
||||
|---|---|---|
|**Purchase of Equipment**|Equipment|Purchase of equipment that is
considered a capital cost (increases the
assets of the church)|
||||
|**External Services**|Licencing|Any special licenses that the church
needs to perform activities.|
||External Services|Professional services purchased to
meet statutory requirements or other
requirement that does not belong to
the core mission of the church.|
||Services|Services purchased that do not meet
any other criteria.|
||||
|**Other Charges /**
**Expenses**|Misc Expenses|Small value items that are not
appropriate to be classified under any
other transaction type.|
||Transfer|Money transferred from one church
account to another. The reason for the
transfer need not be noted as this will
be dealt with in the receiving account|
||Correction Cash Tithe|Transaction used to facilitate
corrections within church accounting
procedures. When this is used it needs
to be ratified at a trustee meeting.|
||Bank charge|Charges brought bythe bank|
||Bank transfer|See line 37 this will be consolidated
into one.|
||Stationery|Money used for stationery for church
use. Will hereafter come under Misc
Expenses unless over £100 per
transaction|
## **4.4 Footnotes**
1. The building account has been renamed as the Special Projects account. This new name better describes its purpose. Any spend from this account will be agreed by the trustees.
2. It had been decided before the charity had been set up that all three accounts could be used for any purpose as the need arose. This may change in the future as the special projects account may be re-designated as a restricted account with any income or expenditure being designated by the donors.
3. Since January 2015 a cash float has been used to ensure traceability of all monies collected.
4.
has received a Salary but not in relation to Trustee duties.
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Faith Family Church Fife Accounts 2024-Rev 1
5. The charity name was changed to _**Faith Family Church Fife**_ on 16/10/2017. The former name was _**Destiny Church Fife**_ .
Prepared by: Trustee Chairman) Signature:
Date: 16/03/2025
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## **Independent Examiner’s Report For the Period Ended 31 December 2024**
Independent Examiner’s Report to the Trustees of Faith Family Church Fife report on the financial statements of the charity for the period ended 31 December 2024, which are set out on pages 1 to 6.
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 (“the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations”).
The charity’s trustees consider that the audit requirement of Regulation 10(1)(d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section (44)(1)(c) of the 2005 Act and to state whether 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 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 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(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
10/04/2025