Charity Number SC048054 Gracemount Community Church Annual Report and Financial Statements Year Ended 31 December 2024 Gracemount Community Church Statement of Financial Activities Year ending 31 December 2024 |**Notes**
Income and Endowments from:
Donations
2
**Total Income**
Expenditure on:
Charitable Activities
3
**Net Income/(Expenditure)**
Net Movement in Funds
Total funds at 1 January 2024
5
**Total funds at 31 December 2024**|**Restricted**
**Unrestricted**
**Total**
**£**
**£**
**£**
2,374
72,270
74,644
2,374
72,270
74,644
(2,880)
(45,792)
(48,672)
(506)
26,479
25,973
(506)
26,479
25,973
15,137
165,082
180,219
14,631
191,560
206,191
**31 December 2024**|**December 2023**
**£**
84,902
84,902
(55,770)
29,133
29,133
151,086
180,219| |---|---|---| |Gracemount Community Church
Statement of Balances
As at 31 December 2024
**Notes**
Fixed Assets
Debtors
Cash at Bank
Current Liabilities
6b
Net Current Assets
Net Assets
**Funds**
Unrestricted Funds
4
Restricted Funds
5
Total Charity Funds|Charity Number
SC048054
**31 December 2024**
**December 2023**
**£**
**£**
-
-
-
-
218,691
151,086
12,500
-
206,191
151,086
206,191
151,086
191,560
140,437
14,631
10,649
206,191
151,086| |---|---| The financial statements have been approved by the Trustees on . Gracemount Community Church Notes to the Accounts 31 December 2024 ## 1 **Accounting Policies** ## a) **Charity Information** Gracemount Community Church is a Scottish Charitable Incorporated Organisation, with charity number SC048054. The registered office is 31 Gracemount House Drive, Edinburgh EH16 6FD. ## b) **Basis of Preparation** These accounts have been prepared on a receipts and payments basis, in accordance with the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006 (as amended). ## c) **Fund Accounting** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. They are received without specified purpose and are available as general funds. Restricted funds are subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity. ## d) **Income** All income is accounted for when received. ## e) **Expenditure** All expenditure is accounted for when paid. All expenditure is allocated or apportioned to the applicable expenditure heading. ## 2 **Donations** **----- Start of picture text -----**
31 December 2024 31 December 2023
Restricted Unrestricted Total Total
£ £ £ £
Offerings 791 54,098 54,889 54,856
Grants - Derek Prime Legacy - - - 15,132
Other income & donations 1,583 17,856 19,439 14,416
Community Events Refunds - 119 119 376
Conference Travel Refunds - 119 119 123
Other Refunds - 79 79 -
2,374 72,270 74,644 84,902
**----- End of picture text -----**
## 3 **Expenditure on Charitable Activities** |Ministry costs
Youth activities
Evangelism and community eve
Mission costs
Other operating expenses
Building rent
Building storage expenses
Salary|**Restricted**
**Unrestricted**
**Total**
**£**
**£**
**£**
931
5,428
6,359
963
2,175
3,138
n
-
7,859
7,859
986
9,211
10,197
-
4,324
4,324
-
4,012
4,012
-
283
283
-
12,500
12,500
2,880
45,792
48,672
**31 December 2024**|**31 December 2023**
**Total**
**£**
8,219
3,826
10,447
3,401
4,649
6,860
8,369
10,000
55,770| |---|---|---| Gr8￿[n￿lnt Comrnunrty Church Notes to Accounts 31 Lkcember X124 Unrestrlcted Funds A¥at1 January 2024 As at 31 December 2024 Incomo Exponditure General F￿d 165.082 72.270 145.7Y21 191.580 165.082 72.270 45.792 191.560 R88trleted Funds Asat1 January 2024 As at 31 December 2024 Incomo Exponditure GCC Building furKI RISE Leadgrship AC￿leMY Pastotd futvj Nikda futKI Tcxldlers fund Uknne M155K)n Jbania MissK)n Africa Inkrynd Miss 9.9SI 4,648 (9311 1195 195 13371 140 471 11401 471 15,137 2,374 12,8801 14,631 GCC Building fund This is piavKxJsty call￿1 HutfurKJ. It IS 8 fund f(￿th0 est8NLshment (wrabon of a sami-parmanent hut in the cL¥nmunrty trotn which eva￿diS￿ and cornmuntty events can bp TIE scope oltlw"5 fvtHJ has rKA¥ twn 8xp8rKl8d byth8 dO[K￿t0 Includ8 any f(xm of p8rman8nt building piq8Ct that th8 church might have Hence, the namè is Ihen th8n9Èd from The Hut Fund to GCC Building fund. No &1ditiord doThath)n was rn￿1e into and trotn fund dU￿ng the year 2(r24. The RISE LeadeTship Aca(lemy This is a furk1 raised l(K Ihe estsbllshm￿t q)¥at￿ of a l*dership 8c&lemy lor wung pBorAe in Gr￿e[noun1 Cotntnunrty. Pasloral fund These ate thThted futK15 by sixne chwch [ne￿￿[S to'assst Ih05e wtK) tnay LE ITr t￿1. Nikola lund This ￿ alu￿ raL88d kn 8qUIWn8nt to . Th￿ fund is [￿￿ 5P8nt Toddlers fund This 15 a lu￿ to m88t lh8 costs of Gr8U8 Tots. Ukra￿e Missxjn This 15 a lurNI to a UkraTh Church Alban18 This 15 fmd a m￿sK)n thp to suwxwta church in Ajbankq Afvca Inlafftl This is a fu￿ to SUWMKt Ih8 mi￿N)￿ Of￿ in Afric8. pa￿￿ont8 to Tru8to8 2024 2023 1,1Y Payrnetts in Ihe kEfiL¥J Y+we foi lur¥Js Ihat had LEen given tothE Chatty to pEss Onto￿ The corT8Sw￿di￿g income l8w1￿ In'0th8r inc(xn8'. 6b Re[nut￿[￿￿On payatAe to Twu5tee of £12.SX) was accruBd fotthe e[￿￿ 31 OecetntEr2024 Independent Examinerfs Report lo the Trustees of Gracemcwnt Comrnunlty Church I report on Ihe accounts of the charity for the perK)d ended 31 December 2024 which are sel out on pages S 10 8. Re8￿ctIVe responslbillties of trustees and examlner The charity's trustees are responsible lor the preparation of the accounts in accordance wth Ihe terms of tsie Charities and TILLslee Investment {SG)Iland) Ad 2005 and the Charilies Accounts (Scolland) Rgjulats'ons 2006 (as amended)- The charity trustees consi(ler that the audit requirement of Regulabon 1011) Id) of the 2006 Ac￿u￿15 Regulations does not apply. It is my responsibility to examine the accounts as required under section 44{11 Ic) of th8 2005 Act and lo state whether pariicular matters have come to my attenb"on. Basis of independent examinevs statement My exarnination is carried out in accordance wth Regulallon 11 of the 2006 Accounts Regulations. An examinat￿n includes a review ol the accounting records kept by the charty and a comparison of the &counts presented wilh those records. It also indudes consideration ol any unusual ilems or disclosures in the accounts, and seeks explanalions from the Irusl8es concerning any such matters. The procedures undertaken do not provide all the evidence that W(￿1￿ be required in an audrt. and ￿nSeqUentlY I do not express an audit opinion on the view givèn by tho accounts. Independent examiner's statèmènl In the course of my examination, no matter has wme to my attention.. l. Which gives me reasonable cause lo believe Ihat in material respect the requirements. - to keep accounting records in accordance wth Section 44{11 (a) of Ihe 2005 Act and RÉgulalion 4 of the 2006 Accounts Regulations - to prepare acGounls whiGh a￿Ord with Ihe accounb'ng re(x)rds and compw )Mth Regulation 9 of the 2006 Accounts RegulatK)ns have not been met. or 2. to which, in my opinion, attention ShO￿d be drawn in order lo enable a proper Iinde'514ndirg of the accoLifTts lo be reached