The Church of G(Ml in Kllmarnock SCIO Tr¥stees' Report and FinAnci81 Ststemenls For the year ended 3111 December 2024 Charity No. SC047208
The Church of God in Kilmarnock SCIO Trustees? AnThuAI Report Jnr Éhe Year hth4ed.lj t)ecember 2024 Thc Tru4tees srL' ple Lu prL'gLI thLir nwrt ILhLy with the rSnLaI Stements ofThe Church ofGod itt Kllttwrtock SCIO t. the year ettded 31 Decernber 20?4. rur Chlty Name: "the Church of Cd in Kilmarnk SCIO ('.haTiL> RttLvi¥tr¥lii)n Nurnlxr". SLU)47208 PrinL4xl Lonl&l.' Lontact AddTew'. I'ru$t¢¢J All'frnsttts li¢ below sern'¢d from the begirtningof the fit)onci41 vear alld Si¢ Ir4r Cl to tht¢ unlL%8 U1Cted (AheNibe: beer¢t•ry Treisur¢r lthdepeDde#t Lxthirter (Jow¢rni#e I'he Lhur¢h of God in Ki]marnk SCIO ikn ¢lwity-) 1$ lovemed by its constillJlio]L Appvi•tnKn¢ of Tr¥•tOfS rNstee5 lire TrppJirit¢d ut w rime the Rourd of TruAc¢& There is no fix term for TTUStf¢5hip. The pp)inim¢nt prvcdure induLiion pr(5 ensLfL% Ihi( thL thIlY OJrnFYii¢S I h¥Ne )ry)prTr8tV 4iia1ificlI7[L8. aTEa8 vf exIlse exFrienie and %bh(y are clv4f almiui ihgir ri?IL. A¥ PUTI iTrl' their induixxin pro814rnme new"I'wsre¢s are required lo uo¢Jetstsnd their sfaW1i r¢sptytsibililies. I"hey •re Yive. membets octhe ChLirth of CM)d. l)rg#iiiiatlon¥l %trneture The administration and all(xduon ()f fund% is managrd by thc mca frrffn limL. Diiisiiwl C.'vmmillLY5 aTC in pJa(£ lor 5oTh o(thc futxls and io th¢ Truaiw. Doy lo managemenl rc%i% wilh thL. TTClI.%urct and Pabr I
The Church of God in Kilmarnock SCIO Trustees, Annual Reportfor ihe Year Ended 3 l December.?024 (cont'd) Key Managcrnent PeYsoTrnel Given their involvemet outlincd abnvc ihe Tw%1C rovsi&r thcmsclvcs as th¢ ¢haTily'S kny maM8ement sonn¢l in ¢h8rge ofdirtsting arwj coJ]trollin8 the charity. All Trusrees gi¥t of their timc frccly. Ob eetlves And Acti%itie8 The PurpN¢ of the Chrilv The charity is pan ol'a worldwid¢ Icllowship of churchc8 ostshlishtd in the Ilmid Kin8d(Mn, Europe, North Arner1 AusLfdlia. India. SouLheast ASIA Africa with ihe PUrse of spreading the g09pel and ihe ieachings ol. Lhri5t. Ir also provides locilities to the parents and i(wMleTs youp and i(> ihc ¥LMcrnI public in thc Ial commuuit>'. FiiwiLiiII is also given io th¢ ncedy. sicL il11tsrs unemployed young people ovetsea R¢gular me¢tings of the elderb And deacons of the cburcb are held (()whff with th meetings of l.inanciai Ciinvnittee% und the w)1¢ church. S1¥nifit Actlvities ThL PaTLTIL ii)ddlers' 8roiip coniinued 10 rnea LM)r£ a week Mith go(xl numbers attending. Th¢ coll¢¢ m()rnin8% eld onc¢ a month mniinu¢d to he wcll 5upsed b), fricnth fr(Th nclbAThLY>d os well as by ¢hur¢h m¢mbetS. Mln Achitvthients L)urin¥ the >'e#r £3,59012021: £4.ff20) was d15thIled io fvll tim¢ ¢vJng¢ltsts £3.489 (2023.. £3.5651 lo Spla[ collecuons tneluding overw$ relief and outre6ch and a youth camp In..011&nd. VIAthnclal Revlew Per thL of Fin¥Ni¥l ALiviti¢s th¢ L4Larity red mob'¢m¢nl in fund5 for the year of .£2.562 {202.1: 1511. Ai the Ilalance Sheet the <haTi¢V'S tcrfal reserves amiiuni¢d 10 £20.21 fi12022.. £22.7711} olwhich £14.286 12U?3.. LI 3,2501 rcl&Led tv RLn(ted Trund5 and kS,93(112023.. £9,529} to Unrestyi¢wl Funds. Toioi income incre4%d by IOV• l£1.444) compJr¢d to 2023 while costs ri)¥c hy 3OQ/o1£4.157). This mainl) due lo ihc rChaSe of an overlad projellor (£1.85ry pain and ttnthtyals l£1,4501 gnd o]ergy c051s (£890). Prinfipal Tr'lllldiag Sourtt 'Ihe priniipal boiirle vf ful1n8 f(* the ¢hbrity is throu d¢)n41i(Nts from ¢hur¢h memtots. Where there is # defin ¢ondiliw applyins to the u5¢ of funds, SULh tiinds are (Ilfd as Rcstri('tcd Fundb" distrib¢d as S(n as is praltibl¢ ITI aCCOTdance wilh the donors, wishes. (iifis which have no &naching ronditions ar¢ r¢88rded as lJitrestricied l.'unds ond urilise4 by ih¢ Trus¢¢es as 0d cir¢vmstant¢s dt¢tote.
The c.hurch of (Tod in Kilmarnock SCI
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IndepeudeDt Examiner's Report to the frustees of ihe ruords of The Chllrch of God iu Kilmarnock SCIO (Reference SC047208) for the year ended 31" DtL'ebL'r 2024 all as set out on p3g&$ 5 - 1• •f the FinAn¢ial Stat¢m¢llts. The ¢harty's TrJ8W¥s TUpLS1bk for the of the Sctts ip cc(th with tt teTms of thtt Charities I't7Jgtees Inestct (&odand} Att 2LKI5 and the LIritIcS Atxounts (Scthland) Regul&tivn$ 006 {as arlleudrd>. lThc eh8Tity's coLsid¢rthat the aL¥Jit rrquir¢ttKtrt uf 10(1} (a) to {¢) ofThe Ar£fflm RegatiOnS docs Thot apply It is rTI) TuwTrsibllitv to exAEnine the L¥ required ud¢r seaioi 44(5) {cl of tIR Aci nd to rtate Vihether p2rti¢uiar nlltt¢rs have crjme to n7y atrthioll. My exirnination h4ty tattied oul •¢corth wil¥ ReEu14tiffi 11 of the ClWrtE. A¢cfJuois (SL'crt]andl RegulutioTr$ 2006 (as artsendedl. My uamill&ion includcd a r¢view of LountiDgre¢or k¢pt by thB charity. nd a Lornpxrisan of the a¢¢OLts presented with thoye ruwds. It a]so irteludL consider&tion of any unu5U iwlls or disclosures the t.Ip12oaiion5 fiDm WXc¢5 CQnL%rnin8 maiters. The prcJc>Jure involved do n(rt wovide all the ewidwKe lh• would be-equired in trudTt 8nd ConseqnI[Y I hav8 nTrt expTe55eit an a111 opll?icffi on thc aeeou In thp ¢our¥e of my exami1¢[1. IM) mau•r ha£ cotDe tn my attcnrion I. Ivhich woiild give In¢ TraslabIt ¢8w¢ to belwe th¥1 in any rnater1 r¢4Xtt th¢ T¢quir¢ments To keep 8cc3Jwitin8 fe¢oFth in accNd•nce with J•ction 44(1) (•) vf the 21J)5 Act T¢gu]41ioll 4 of the ?006 A¢¢ouhts R¢4ulMtions. aod b. To pr¢par¢ wknch xtord wi.'h ihc accountm8 Te¢ords comply with Re8ulaTion 9 of the ry006 Accounts Regul1 hdve be¢0 meL or 2. To in my.. opiftÉon, *tentN)n should to cmbk vnderstaodmg of the a¢¢ounL8 tu r¢h. Sign¢d Date 30 lim¢225
The Church of God in Kilmarnock SCIO tstement of Fin#neil Activities For ihe Year EAded 31 Dec'ember Y024 L'nre.fftricied G¢Dtrl Fund R¢stri¢t¢d Futs 2024 Total 2023 Totfél Notej lo¢ome frtrty: L'hureh collections Inv¢stm¢nt in¢um 7.013 8,537 15J49 14.108 Total iDeome ¥.537 15 59 14.115 Expettditure ('.haritable activitics {10.621) (7.5> 118,121) {13.964} Trtal expenditur¢ IU.621 7.50() 13.964 Net movememt In funds (3.599) 1.037 (2,562) 151 R¢eoneili#tio# tsf Cwidi 'I'oial lund& brvu¥hi tsrnard 9.530 13248 22.778 22,627 TotAI funds carrled foTrrd 5,4131 14385 211216 22.778 Th¢ notvj on IU funn an intwa] vfthese fiDJDcia] AemeDI5.
Thc Church of God in Kilmamock SCIO Ba18nce Sheet ts. di 31 December 2024 ote8 2Q23 .urrtnt &wets: c.ash at bik and in haAI 20.216 CurreTht liabiliti¢&: oth Lttdiwrs (601 Tot1 n¢t sJ¢ts The fu•ds of tke Charity: UMresirlcudJuMds 5,930 9.529 Resirktsdf4ndf 14.2%6 20 16 The finxncial statenstnts were opproved by the'l'nws on 15 ?025 'I'rustee Trust¢¢
The Church of God in Kilmamock SCIO Actounting polieiesfor the Year Ended.11 Ikcember 2(124 l. Aecountiog Poli¢1 1.1. BaJis ol pre11 alld aqment of 8oi&g concerA The Qu¢S (Fiuancial sements) have been prepared under the hisloric cosr convention '1th items rcci)8niycd 81 lo or tr8nsacLion vaiuc unlc&s oihm4i5c.4#d in the relevani n%XC5 10 lh aCcnIS. The F.in&icisl Ststements have en prepartd in accotdaDce the Statement of Reeornmended Prdclice.. Accounling and RLyxiing by LhariiiC% rrti)8ring ihcir acLI)unis in xuJrthcL w'ith I.l)ariiics and Trusicc Investmenr IS¢otJond) Aei 2005 wid the Charities A¢c4)unts (St14dI Regu1£$ 2tKI6 (a5 Am]dal). T] win¢ipul ¥kCOLmiiog p¢)It¢i¢8 in th¢ prw4r41ii)n of the TrinaKi81 Swi¢mems s¢t oui 'I'he'l'rustee5 ¢)nSIder thai there art no matrrial urtcalaintie5 aboui the churity"'s ability to cA)nlinut 80i118 concern. la. At¢OUJblo8 Funds are ¢lassifLed &$ either restricied funds LY unlesed fund4 dcfined as follows: liestricted (Ullds are lunds subje¢1 Eo specifK t¢quirun¢nls 8$ lo their usc which ma) b¢ declaMI by d)e don tx wilh their Jh(rity ur ireoied through legal rffocesY- & hui •Jill within the wider objects. of¢he charity. Unrestricted ndS are expendable at the disoytion of the Tn in furtherance of the thjects ofthe ¢barity 1.3. Income rtto8nitio All Iorne is reco8nised on the ¢hariiy has eniitlemeni io the income. there is sufficieni ¢eNaioiv or recei nd il i4 pn)bahlc thai LI income will be received and Ihe amouTtI nfinci)me re£eivable can me&sured r¢li8bly. Donotiotr• leKci Lk)n&li(ns oJe r¢Logni%¢d 7thn ¢h¢v hqve iren ¢ommuni¢411 in writing with niKifK4tion of the 8mL)unt and settlern¢ni de. In ibe eient that a donation is subjert TQ Wndiilw tho1 require a l¢v¢l of perfgrman¢¢ l(bre the ¢h#rity 1% enli11 titr the lunds. the income is defeff and not reco8nised uniil either those conditions arc fullb or ihc fuifilmcnl of thi) Lor¥Jiiivns is IlY iihin ihe ¢4)nlTuI ofih¢ Lhttrily und it is pnTrbabl¢ tlx&those ¢ondition5 will be fvifilled tbe rep)rtins peri(Nl. Legacy gifts are recn8nised rn a caSe-b}-Se b&sis followng the granting of probaie the admlnlstsxi/eXUI0r for ihe e1¢ has LvMmuniLCd 7n wiiins knlh the amouni and tlemen( dale. In ihc r thai the gift 15 in the tonn of an other than cash or a fmgn¢iai &ss¢i iradwj on a recognis¢d si(Kk eALhangye. rLttsgniiion i %ubjc¢t iii the valuE ol'thc gift Ixing reliahlc me&surdble with a degree (Trf TeLsonahle 4¢¢wA¢y the ti¢l¢ io the 8SS¢f has b¢¢n tromsl¢ued to the <hgsiTh. Page 7
The Church of Ood in Kilmarnock SCIO Aecou•ting polieie81or the YeaTr' Ended 31 Lkcember 2024 l. A¢¢ou4tiDg poli¢w Gift Aid InL4Jll]¢ rec4)¥rtable vn Gift Aid dDnati(Tr]L8 is recognis¢d then the ffst¢cliv¢ donation has been r¢cognis¢ and ih¢ r¢c&vcrdble amount of in(x)m¥ i&x can be mC&sUrL rL.liably: thi8 is nomiall the dmthr h& compleied the relevaNt Gitt Aid declardtion fomi. In¢om¢ T&¥ reco&rrbble on Gift Aid dO[LOn5 is allted io th¢ samc fund BS thc tesEKLliv¢ doMAti(m Unle $rttilied by the don¢Y. ChAtbl¢ ¢tivlti InL[l. Iri)m Charitble 1¥1115 ilUdeS tncome &vned from the supply of goods or setvices under Oiiliactual arransenienis and from wforniance-relsted grant5 which LM)ThJitions th&t sli ihe pruvi5i(m lif ¥d5 or Services to be provided by the ChIry. incorne from ¢hariiable tIvItte5 is trcognised as eamed {as Ihe relsted gLKJs (w services ¥re providcd). Invutm¢BI ID¢orn¢ Interest ot) funds held on deposit 15 in¢lLKl¢d wh¢n rLKYiv4bl¢ ond Ihc amouni c8n bc mcAsurc4 rcliably b), thc hurily.. this li 110m]all)' upon nlf¥(lon 17fthL inwcsi paid nr pa>ahle bi, the Bank. 1.4 F.xptndlture reeo8nlilon l.iubiliti¢% Jr¥ rn%()wiÈ%d 4LS cxwditur¢ as as there is a legal or construaive obligalion committing the ¢hllril J to th expKmditurL', li is prDbablc that sdilLTheTtI will b¢ r¢4uir¢J and ¢h¢' ¥mvunl i)f th¥ ()bliguti(>n LJn be m¢4sured reliubly. R•l¥lng fynds Exwiiditur¢ (M r¥ising funds IlUdeS all CAj11mr¢ incu bj a charity 10 T8iSC fund% for il$ charithble purwK It ii)clude.s th¢ ¢1 of 811 fundrnisinB activities and io8¢ther with dKJse ¢osiS in¢urr¢d in se¢kin8 don¥iion& 8r4nts and 1¢g&1. C.hrltbte rtfvltks Expenditure on charitAble aciivifies Lncludcs aEI cosis inLurred by th¢ Lh¥rit in undert¥king 4¥livities iha¢ funher its charit8blv airn% tor the knefii of its beneficiarse& The wsts of clwitsblc activities prc5erfrted in the Sidtemeni of I'inpnrial Arllvlties incIleY the LX1Y of IxAh dir¥ci xrvire wovision and the pavm¢nts of granl award¥ if dppIiL¥bl¥. Irrctov¢rble VA T IrrttoN'erable VAT ig ¢h¥r8•J agai[ the hLYding lix whid) it was illrnTrcd. 1.5 Txailo* 'I'he ChurLh uf in Kilm¥mvLk SCIO is recognis&1 &$ a charity forthe purp)ses of applicable taxation 1¢8isla¢ion and is therefore not subjert io t&Yation on irs charithble activiiiets. Page 8
The Church of Gcwj in Kilmarnock SCIO NtsteJ to the Fi%ntil StateN¢Dts J'"ur ihe lear Ended 3] December 2024 Rt51tle¢tyl F¥tsd Totsl 202J 21Y14 Chu¥ch coll1ns.. CrtD¢¢ 7.011 7,013 3465 J& 6,591 3.471 3.465 io Flall 65 l.Q15 3.912 6$ 450 SFrtial ¢01105 &912 Hwk iiiter¢# rttti¥¢d of thtlt•bl¢ ¢tlvltle• 2.319 2246 lJJ9 iJ4• 36Y lJ56 He liBF Vi9ltof t<ob W1 17 .13 2.15 Nutice knid (lywh] pr(ytLWY "ir¢ ¢1$150)IS Glasles for il&YnemiYan 59 1157 1,8 414 37 5% 46J Hlinth 335 1.022 335 1.62 <JxJ¢sbin InwrdnLX Distyia levy 911 7.15 3(4J 42 420 174 47 10.621 2D9 MiKcl 47 oi )rd'Jxrvants: Gift5 267 267 37.1 Coffee 421 421 576 H•Jl fu•d: RwrV& ¢xwh?r pwNi hcr charltsblt icliv jtic8'. ellowahip Relicf Fellowshipthwtra¢h Funds ru f&51 Africa Prq*rty ftsnd Frllowyhip Mdia Fund SwnL5b Cw & W<knd Fd5 l531 2,056 229 izo 2J5 235 2%0 IA26 1489 -4.489 3,56 Vage9
Th¢ Church of God in Kilmarnock SCIO Notes to the Financial Statements Fur ihe Yeur Ended 31 December 2fJ24 Ilnrestrided 14thd¥ I JAU 2024 F.xp¢nditsre 31 Dt£ 21124 Ge exe8 9J29 7.022 110.621} 5.930 9529 7.112Z 111,621 5,930 ReJtri¢t¢d Lord's sernwits IA)¢al oUtrh Hu]1 Coffee momi BonnYtI)t% Sp¢ci81 ¢011¢¢110os 115 1.809 8.2()6 52 i.063 3,465 10 (3,590) (267) ¥Ju 117 3,993 428 65 1.0115 3.912 (155) (3.489) .17 14280 Page IO