REGISTERED CHARITY NUMBER: SC049252
Unaudited Financial Statements for the Year Ended 31 December 2025
for
THE KINGS CHURCH (SCIO)
WDM Associates Oakfield House 378 Brandon Street Motherwell ML1 1XA
THE KINGS CHURCH (SCIO)
Contents of the Financial Statements for the Year Ended 31 December 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 13 |
THE KINGS CHURCH (SCIO)
Report of the Trustees for the Year Ended 31 December 2025
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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).
Purpose Statement
The King's Church SCIO is a multi-racial, multi-generational church which encourages people from all backgrounds to come together to Love God and to Love people, underpinned by our values of Truth, Unity, Compassion and Honour. Our vision is to Build a Community of Lifelong Apprentices of Jesus.
Values
Truth - "We will pursue a lifestyle of honesty". Unity - "Working together to become one in heart, mind and purpose". Compassion - "Inspired by Jesus' love to understand and meet the needs of others". Honour - "We will value other people and treat them with respect".
OBJECTIVES AND ACTIVITIES
Objectives and aims
-
the advancement of religion
-
the provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
-
the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage
The main activities in relation to these objectives are the conducting of a weekly in-person service which is livestreamed, generally containing separate events for kids and youth, weekly meetings of either small groups or a prayer meeting type gathering, both of which are open to anyone to participate in. As part of our outreach into our community we host a weekly, free, unconditional, 2 course hot-meal to anyone in need, a weekly Warm Space between January and March, a monthly Sunday lunch for anyone from the community, a weekly children's club for children of primary school age and parents and toddlers' groups four days per week.
Significant activities
Sunday Services, Small groups, parent and toddlers, kids, youth and young adult activities, meals for those in need, and some use of our facilities by external groups such as the weekly Veterans Cafe, were all held in the year.
Seasonal events also continued to be held including Easter and Christmas events in particular.
Most giving remains direct to the bank and therefore Gift Aid could be claimed on this.
Staffing changes were made in two areas in 2025:
-
The retirement of an Operations Team Member. We are seeking to recruit to fill this vacancy.
-
Recruitment of a cleaner, further, to ceasing use of an external cleaning company.
The ongoing plan for renovations to the Kings Centre continued during the year, with the final window project completed in 2025.
Overall, the investment was made in the Centre, staff costs, ministries and activities with a surplus of £43K for the year for which we thank God for His faithfulness and the commitment of the Kings Church family.
Public benefit
The Kings Church SCIO constitutes a public benefit entity as defined by FRS 102.
Page 1
THE KINGS CHURCH (SCIO)
Report of the Trustees for the Year Ended 31 December 2025
FINANCIAL REVIEW
Financial position
The Financial Statements set out on pages 5 to 12 reflect net incoming resources for the year of £43,495 (2024 - £20,060).
At 31 December 2025, the church's total reserves amounted to £504,817 of which £251,311 was "tied up" in fixed assets.
Principal funding sources
The church receives its funding from church members by way of weekly offerings and Gift Aid donations.
Reserves policy
The policy of the trustees over recent years has been to maintain reserves at a level which equates to at least nine months unrestricted expenditure. However, essential, and desired improvements to The Kings Centre are being made carefully using some of our reserves and we are satisfied that we still have sufficient reserves to continue normal operations should income drop in the short-term. The General Fund at 31 December 2025 amounted to £253,506 (2024 - £215,267).
Going concern
The Trustees regard the future operation of the church as a going concern. Budgets are prepared annually and costs monitored and compared to these on a quarterly basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is governed by a single-tier constitution as a SCIO
Recruitment and appointment of new trustees
Trustees must be over 18 years of age and must be considered to be "in relationship" with the church. 'Relationship' here means those who subscribe to the purposes of the church and wish to see them fulfilled; commit to live by the values of the organisation; regularly attend where possible and contribute to the life of the organisation by their time and finances, having the spiritual wellbeing of the organisation at heart. Anyone wishing to become a Trustee can nominate themselves, or be nominated by others, and their application will be considered by the existing Trustees who will evaluate it and communicate their decision in accordance with the church's values. Due to the trustee Elsie Smith taking up paid employment with the church in 2024 a process to add a further trustee to the team was initiated. This was concluded in Dec 2024 and Jen Lafferty was confirmed as a trustee starting in Jan 2025.
Key management remuneration
The trustees consider the board of trustees and overseers team as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give their time freely and no trustee received remuneration or expenses.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
While risk management can limit risk, it does not eliminate risk. The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operation and finances of the charity and are satisfied that the systems in place to mitigate exposure to these risks are operating efficiently.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
SC049252
Principal address
128 Airbles Road Motherwell ML1 2TQ
Page 2
THE KINGS CHURCH (SCIO)
Report of the Trustees for the Year Ended 31 December 2025
Trustees
Stewart Reid Yvonne Isabel McConnon Smith Craig Thomson Jen Lafferty (appointed 1.1.25)
Independent Examiner
WDM Associates Oakfield House 378 Brandon Street Motherwell ML1 1XA Approved by order of the board of trustees on 16 March 2026 and signed on its behalf by:
Stewart Reid - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Kings Church (SCIO)
I report on the accounts for the year ended 31 December 2025 set out on pages five to thirteen.
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 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 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.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeking explanations from you as 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 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts 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.
Dawn Angela White
The Association of Chartered Certified Accountants
WDM Associates Oakfield House 378 Brandon Street Motherwell ML1 1XA
16 March 2026
Page 4
THE KINGS CHURCH (SCIO)
Statement of Financial Activities for the Year Ended 31 December 2025
| Unrestricted fund Designated Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 255,336 - Charitable activities Charitable activities - - Other trading activities 2 17,313 - Investment income 3 1,565 - Total 274,214 - EXPENDITURE ON Charitable activities 4 Charitable activities 214,033 16,686 NET INCOME/(EXPENDITURE) 60,181 (16,686) Transfers between funds 12 (21,942) 21,942 Net movement in funds 38,239 5,256 RECONCILIATION OF FUNDS Total funds brought forward 215,267 246,055 TOTAL FUNDS CARRIED FORWARD 253,506 251,311 |
2025 Total funds £ 255,336 - 17,313 1,565 274,214 230,719 43,495 - 43,495 461,322 504,817 |
2024 Total funds £ 217,803 5,359 11,600 1,953 236,715 216,655 20,060 - 20,060 441,262 461,322 |
|---|---|---|
The notes form part of these financial statements
Page 5
THE KINGS CHURCH (SCIO)
Balance Sheet 31 December 2025
| Unrestricted fund Designated Notes £ £ FIXED ASSETS Tangible assets 10 - 251,311 CURRENT ASSETS Cash at bank 253,506 - NET CURRENT ASSETS 253,506 - TOTAL ASSETS LESS CURRENT LIABILITIES 253,506 251,311 NET ASSETS 253,506 251,311 FUNDS 12 Unrestricted funds TOTAL FUNDS |
2025 Total funds £ 251,311 253,506 253,506 504,817 504,817 504,817 504,817 |
2024 Total funds £ 246,055 215,267 215,267 461,322 461,322 461,322 461,322 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 16 March 2026 and were signed on its behalf by:
Stewart Reid - Trustee
The notes form part of these financial statements
Page 6
THE KINGS CHURCH (SCIO)
Notes to the Financial Statements for the Year Ended 31 December 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Income recognition
Income is recognised in the year in which the charity is entitled to receipt, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:
Tithes, offerings and other gifts
Tithes, offerings, gifts and donations are credited to the Statement of Financial Activities in the year in which they are receivable. Donated services and gifts are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Gift Aid
Tax recovered on gift aid is credited to the Statement of Financial Activities in the year in which it is receivable.
Investment income
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 bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
Tangible fixed assets
Depreciation is provided on the Church's Property ( land and building) at the rate of 2% per annum on a straight line basis. This rate is calculated to reduce the cost over a period of years to a more realistic net worth.
Depreciation is provided on the Church's Fixtures and Fittings at the rate of 10% per annum on a reducing balance basis. This rate is calculated to write off the cost of these assets over their estimated useful life.
The Church's policy is to capitalise any new asset costing more than £500.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Unrestricted funds comprise gifts and other income received.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside for a particular purpose.
continued...
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THE KINGS CHURCH (SCIO)
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.
2. OTHER TRADING ACTIVITIES
| Missions Youth & Children's ministries Pastoral care INVESTMENT INCOME Deposit account interest CHARITABLE ACTIVITIES COSTS Charitable activities |
Direct Costs (see note 5) £ 154,767 |
2025 £ 5,673 10,403 1,237 17,313 2025 £ 1,565 Support costs (see note 6) £ 75,952 |
2024 £ 4,898 5,558 1,144 11,600 2024 £ 1,953 Totals £ 230,719 |
|---|---|---|---|
3.
4. CHARITABLE ACTIVITIES COSTS
continued...
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THE KINGS CHURCH (SCIO)
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
| Staff costs Missions Youth & children's ministries Worship, sound and visual Pastoral care Conferences and other events Donations and gifts disbursed Loans 6. SUPPORT COSTS Charitable activities Support costs, included in the above, are as follows: Insurance Light and heat Telephone Postage and stationery Sundries Building and equipment repairs Purchase of equipment Computer costs Professional fees Bank charges Depreciation of tangible fixed assets Accountancy and legal fees |
2025 £ 85,380 27,071 24,483 7,383 7,733 189 2,528 - 154,767 Governance Other costs £ £ 73,672 2,280 2025 Charitable activities £ 4,672 14,930 1,513 5,466 1,009 28,157 - 907 - 332 16,686 2,280 75,952 |
2024 £ 95,249 21,270 14,650 6,343 8,888 665 3,677 3,779 154,521 Totals £ 75,952 2024 Total activities £ 4,417 11,991 1,370 5,635 - 18,963 683 714 577 308 15,364 2,112 62,134 |
|---|---|---|
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
continued...
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THE KINGS CHURCH (SCIO)
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
8. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Ministry and administration No employees received emoluments in excess of £60,000. 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 217,803 Charitable activities Charitable activities 5,359 Other trading activities 11,600 Investment income 1,953 Total 236,715 EXPENDITURE ON Charitable activities Charitable activities 201,291 NET INCOME/(EXPENDITURE) 35,424 RECONCILIATION OF FUNDS Total funds brought forward 179,843 TOTAL FUNDS CARRIED FORWARD 215,267 |
2025 £ 78,119 2,003 5,258 85,380 2025 5 Designated £ - - - - - 15,364 (15,364) 261,419 246,055 |
2024 £ 86,592 1,943 6,714 95,249 2024 5 Total funds £ 217,803 5,359 11,600 1,953 236,715 216,655 20,060 441,262 461,322 |
|---|---|---|
continued...
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THE KINGS CHURCH (SCIO)
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
10. TANGIBLE FIXED ASSETS
| COST At 1 January 2025 Additions At 31 December 2025 DEPRECIATION At 1 January 2025 Charge for year At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 |
Freehold property £ 331,621 - 331,621 164,159 6,632 170,791 160,830 167,462 |
Fixtures and fittings £ 191,288 21,942 213,230 112,695 10,054 122,749 90,481 78,593 |
Totals £ 522,909 21,942 544,851 276,854 16,686 293,540 251,311 246,055 |
|---|---|---|---|
11. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years |
2025 £ 4,320 3,600 7,920 |
2024 £ - - - |
|---|---|---|
12. MOVEMENT IN FUNDS
| Unrestricted funds General fund Fixed assets TOTAL FUNDS |
At 1.1.25 £ 215,267 246,055 461,322 461,322 |
Net movement in funds £ 60,181 (16,686) 43,495 43,495 |
Transfers between funds £ (21,942) 21,942 - - |
At 31.12.25 £ 253,506 251,311 504,817 504,817 |
|---|---|---|---|---|
continued...
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THE KINGS CHURCH (SCIO)
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fixed assets TOTAL FUNDS |
Incoming resources £ 274,214 - 274,214 274,214 |
Resources Movement expended in funds £ £ (214,033) 60,181 (16,686) (16,686) (230,719) 43,495 (230,719) 43,495 |
|---|---|---|
Comparatives for movement in funds
| At 1.1.24 £ Unrestricted funds General fund 179,843 Fixed assets 261,419 441,262 TOTAL FUNDS 441,262 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 236,715 Fixed assets - 236,715 TOTAL FUNDS 236,715 |
Net movement At in funds 31.12.24 £ £ 35,424 215,267 (15,364) 246,055 20,060 461,322 20,060 461,322 Resources Movement expended in funds £ £ (201,291) 35,424 (15,364) (15,364) (216,655) 20,060 (216,655) 20,060 |
|---|---|
continued...
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THE KINGS CHURCH (SCIO)
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Fixed assets TOTAL FUNDS |
At 1.1.24 £ 179,843 261,419 441,262 441,262 |
Net movement in funds £ 95,605 (32,050) 63,555 63,555 |
Transfers between funds £ (21,942) 21,942 - - |
At 31.12.25 £ 253,506 251,311 504,817 504,817 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fixed assets TOTAL FUNDS |
Incoming resources £ 510,929 - 510,929 510,929 |
Resources Movement expended in funds £ £ (415,324) 95,605 (32,050) (32,050) (447,374) 63,555 (447,374) 63,555 |
|---|---|---|
Tangible fixed asset fund
The tangible fixed asset fund represents the net book value of the charity's tangible fixed assets. A decision was made to separate this fund from the general fund of the charity in recognition of the fact that tangible fixed assets are essential to the day to day work of the charity and as such their value should not be regarded as funds that would be realisable with ease in order to meet future contingencies.
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2025.
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