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2024-06-30-accounts

Annual Report and Financial Statements for the Year Ended 30 June 2024

Christian Revival Church Edinburgh

Charity registration number: SC046551

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

CHRISTIAN REVIVAL CHURCH EDINBURGH

CONTENTS

Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 16

CHRISTIAN REVIVAL CHURCH EDINBURGH

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

Charity Registration SC046551 Number

Principal Office

London Road Church 1a Easter Road Edinburgh

Independent Examiner

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers Bank of Scotland Teviot House 41 South Gyle Crescent Edinburgh EH12 9DR

Page 1

CHRISTIAN REVIVAL CHURCH EDINBURGH

TRUSTEES' REPORT

The Trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2024.

Objectives and activities

Objects and aims

The principal object of the charity is the advancement of the Christian faith.

Public benefit

The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Review of activities

Throughout the year, the church remained active in hosting weekly Sunday Celebration Services, weekly gatherings in homes, prayer meetings, and training sessions.

The local campus is still located on Easter Road, Edinburgh, where celebration services and other meetings take place. The church is the sole occupant of this building, also using it for offices and storage.

In September 2023, the church introduced an evening Sunday service, which has continued since then, providing additional opportunities for worship and fellowship.

CRC Edinburgh held over five Glasgow Revival Nights throughout the year, reaching many people in this area.

The church also hosted guest speakers and held training sessions aimed at equipping the members and the local community with knowledge on various topics.

A Special Encounter Service was held in February 2024, further strengthening the church’s outreach and impact.

Notable events such as Christmas and Easter services gathered many from the local community, fostering a sense of connection and celebration.

The annual Bag of Love campaign in December 2023 successfully raised funds to provide essential provisions for people in need over the festive season.

Over the past year, CRC Edinburgh has experienced significant growth, with membership increasing by 24%. This growth reflects the church’s ongoing commitment to serving the local community and expanding its reach. Income also saw a significant increase of 58%. The growth in income is driven by two key factors: firstly, the rise in membership, and secondly, an increased focus on fundraising efforts for special purpose offerings, which saw a greater level of engagement and contributions during the year.

Page 2

CHRISTIAN REVIVAL CHURCH EDINBURGH

TRUSTEES' REPORT (CONTINUED)

Financial review

Income for the year amounted to £468,817 (2023: £239,968) and expenditure £322,590 (2023: £203,817). The surplus was added to funds brought forward, with year end unrestricted fund balances being £262,859.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Structure, governance and management

Nature of governing document

Christian Revival Church Edinburgh is a registered charity, number SC046551, and is constituted under a Trust deed.

Recruitment and appointment of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Risk management

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 3

CHRISTIAN REVIVAL CHURCH EDINBURGH

TRUSTEES' REPORT (CONTINUED)

Statement of Responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the Trustees to prepare financial statements 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 financial statements, 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 financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The Trustees 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.

The annual report was approved by the Trustees of the charity on 27 March 2025 and signed on its behalf by:

Trustee

Page 4

CHRISTIAN REVIVAL CHURCH EDINBURGH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTIAN REVIVAL CHURCH EDINBURGH

I report to the Trustees on my examination of the accounts of Christian Revival Church Edinburgh for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity Trustees of Christian Revival Church Edinburgh you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Christian Revival Church Edinburgh's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since Christian Revival Church Edinburgh's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Christian Revival Church Edinburgh as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

.......

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

27 March 2025

Page 5

CHRISTIAN REVIVAL CHURCH EDINBURGH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted
funds
Note
£
Income and Endowments from:
Donations and legacies
2
448,083
Charitable activities
3
18,996
Investment income
4
1,738
Total income
468,817
Expenditure on:
Charitable activities
5
322,530
Total expenditure
322,530
Net income
146,287
Other recognised gains and losses
Other gains/losses
-
Net movement in funds
146,287
Reconciliation of funds
Total funds brought forward
116,632
Total funds carried forward
13
262,919		 Total
2024
£
448,083
18,996
1,738
468,817
322,530
322,530
146,287
-
146,287
116,632
262,919		 Total
2023
£
231,312
8,366
290
239,968
203,817
203,817
36,151
780
36,931
79,701
116,632

The notes on pages 8 to 16 form an integral part of these financial statements. Page 6

CHRISTIAN REVIVAL CHURCH EDINBURGH

BALANCE SHEET AS AT 30 JUNE 2024

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: Amounts falling due within one year
11
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
13		 2024
£
30,721
30,721
26,271
293,489
319,760
(87,562)
232,198
262,919
262,919
262,919		 2023
£
25,283
25,283
25,054
116,555
141,609
(50,260)
91,349
116,632
116,632
116,632

The financial statements on pages 6 to 16 were approved by the Trustees, and authorised for issue on 27 March 2025 and signed on their behalf by:

Trustee

The notes on pages 8 to 16 form an integral part of these financial statements. Page 7

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Christian Revival Church Edinburgh meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 8

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Furniture and fittings 25% reducing balance
Computer equipment 25% reducing balance
Media equipment 25% reducing balance
Sound equipment 25% reducing balance

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 9

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the Trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the Trustees.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 10

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

2 Income from donations and legacies

Unrestricted funds
Designated
£
General
£
Donations and legacies;
Donations
170,999
205,328
Gift aid reclaimed
19,769
48,084
Other income from
donations and legacies
-
3,903
190,768
257,315
3 Income from charitable activities
Unrestricted
funds
General
£
Bible school
2,600
Conferences and events
16,396
18,996
4 Investment income
Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
1,738		 Total
2024
£
376,327
67,853
3,903
448,083
Total
2024
£
2,600
16,396
18,996
Total
2024
£
1,738		 Total
2023
£
190,269
38,478
2,565
231,312
Total
2023
£
2,551
5,815
8,366
Total
2023
£
290

Page 11

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

5 Expenditure on charitable activities

Note
Unrestricted funds
Designated
General
£
£
Premises costs
775
60,918
Ministry and
meeting
expenses
1,334
63,077
Equipment
5,496
7,883
Manse costs
-
25,200
Communications
-
4,611
Printing, post
and stationery
-
2,061
IT software and
consumables
-
1,588
Insurance
-
1,281
Professional fees
-
3,313
Travelling and
subsistence
-
23,801
Bank charges
-
371
General
expenses
875
427
Independent
examination
-
822
Depreciation,
amortisation and
other similar
costs
4,687
5,214
Grant funding of
activities
6
-
53,891
Staff costs
8
-
54,905
13,167
309,363		 Total
2024
£
61,693
64,411
13,379
25,200
4,611
2,061
1,588
1,281
3,313
23,801
371
1,302
822
9,901
53,891
54,905
322,530		 Total
2023
£
53,293
29,650
5,979
25,200
2,967
345
2,218
1,223
2,253
20,398
684
352
840
8,099
12,818
37,498
203,817

Page 12

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

6 Analysis of grants

Unrestricted
funds
General
£
Grants to institutions
53,891
53,891		 Total
2024
£
53,891
53,891		 Total
2023
£
12,818

12,818

7 Trustee and related party expenses

One Trustee received remuneration amounting to £24,810 (2023: £13,320) as pastor of the church and is provided with accommodation at a cost of £25,200 (2023: £25,200).

The wife of one Trustee is employed by the charity and received remuneration amounting to £13,422 (2023: £12,000) and benefits in kind in the form of pension contributions amounting to £173 (2023: £178).

The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.

8 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs
Self-employed		 2024
£
42,732
173
12,000
54,905		 2023
£
25,320
178
12,000
37,498

The monthly average number of persons employed by the charity during the year expressed as full time equivalents was as follows:

Ministry
Support		 2024
No
1
1
2		 2023
No
1
1
2

No employee received emoluments of more than £60,000 during the year

Page 13

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

9 Tangible fixed assets
Furniture
and fittings
£
Computer
equipment
£
Media
equipment
£
Sound
equipment
£
Cost
At 1 July 2023
4,817
4,343
37,141
13,567
Additions
2,481
-
10,009
2,849
At 30 June
2024
7,298
4,343
47,150
16,416
Depreciation
At 1 July 2023
3,388
2,246
20,018
8,933
Charge for the
year
978
269
6,783
1,871
At 30 June
2024
4,366
2,515
26,801
10,804
Net book value
At 30 June
2024
2,932
1,828
20,349
5,612
At 30 June
2023
1,429
2,097
17,123
4,634
10 Debtors
2024
£
Accrued income
23,890
Other debtors
2,381
26,271
11 Creditors: amounts falling due within one year
2024
£
Trade creditors
3,492
Other creditors
869
Accruals
83,201
87,562		 9 Tangible fixed assets
Furniture
and fittings
£
Computer
equipment
£
Media
equipment
£
Sound
equipment
£
Cost
At 1 July 2023
4,817
4,343
37,141
13,567
Additions
2,481
-
10,009
2,849
At 30 June
2024
7,298
4,343
47,150
16,416
Depreciation
At 1 July 2023
3,388
2,246
20,018
8,933
Charge for the
year
978
269
6,783
1,871
At 30 June
2024
4,366
2,515
26,801
10,804
Net book value
At 30 June
2024
2,932
1,828
20,349
5,612
At 30 June
2023
1,429
2,097
17,123
4,634
10 Debtors
2024
£
Accrued income
23,890
Other debtors
2,381
26,271
11 Creditors: amounts falling due within one year
2024
£
Trade creditors
3,492
Other creditors
869
Accruals
83,201
87,562		 9 Tangible fixed assets
Furniture
and fittings
£
Computer
equipment
£
Media
equipment
£
Sound
equipment
£
Cost
At 1 July 2023
4,817
4,343
37,141
13,567
Additions
2,481
-
10,009
2,849
At 30 June
2024
7,298
4,343
47,150
16,416
Depreciation
At 1 July 2023
3,388
2,246
20,018
8,933
Charge for the
year
978
269
6,783
1,871
At 30 June
2024
4,366
2,515
26,801
10,804
Net book value
At 30 June
2024
2,932
1,828
20,349
5,612
At 30 June
2023
1,429
2,097
17,123
4,634
10 Debtors
2024
£
Accrued income
23,890
Other debtors
2,381
26,271
11 Creditors: amounts falling due within one year
2024
£
Trade creditors
3,492
Other creditors
869
Accruals
83,201
87,562		 9 Tangible fixed assets
Furniture
and fittings
£
Computer
equipment
£
Media
equipment
£
Sound
equipment
£
Cost
At 1 July 2023
4,817
4,343
37,141
13,567
Additions
2,481
-
10,009
2,849
At 30 June
2024
7,298
4,343
47,150
16,416
Depreciation
At 1 July 2023
3,388
2,246
20,018
8,933
Charge for the
year
978
269
6,783
1,871
At 30 June
2024
4,366
2,515
26,801
10,804
Net book value
At 30 June
2024
2,932
1,828
20,349
5,612
At 30 June
2023
1,429
2,097
17,123
4,634
10 Debtors
2024
£
Accrued income
23,890
Other debtors
2,381
26,271
11 Creditors: amounts falling due within one year
2024
£
Trade creditors
3,492
Other creditors
869
Accruals
83,201
87,562		 Total
£
59,868
15,339
75,207
34,585
9,901
44,486
30,721
25,283
2023
£
22,504
2,550
25,054
2023
£
2,557
409
47,294
50,260
2024
£
23,890
2,381
26,271
2024
£
3,492
869
83,201
87,562

Page 14

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

12 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £173 (2023 - £178).

Contributions totalling £869 (2023 - £409) were payable to the scheme at the end of the year and are included in creditors.

13 Funds

Balance at
1 July 2023
£
Unrestricted funds
General
General Funds
49,739
Designated
Building pledge
66,893
Total funds
116,632
Balance at
1 July 2022
£
Unrestricted funds
General
General Funds
13,714
Designated
Building pledge
65,987
Total funds
79,701		 Incoming
resources
£
278,049
190,768
468,817
Incoming
resources
£
231,936
8,812
240,748		 Resources
Balance at
30 June
expended
£
2024
£
(309,363)
18,425
(13,167)
244,494
(322,530)
262,919
Resources
Balance at
30 June
expended
£
2023
£
(195,911)
49,739
(7,906)
66,893
(203,817)
116,632

Page 15

CHRISTIAN REVIVAL CHURCH EDINBURGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (CONTINUED)

14 Analysis of net assets between funds

14 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
15,640
15,081
90,347
229,413
(87,562)
-
18,425
244,494
Unrestricted funds
General
£
Designated
£
5,515
19,768
94,484
47,125
(50,260)
-
49,739
66,893		 Total funds
at 30 June
2024
£
30,721
319,760
(87,562)
262,919
Total funds
at 30 June
2023
£
25,283
141,609
(50,260)
116,632

Page 16