APPENDIX 1
Trustees’ Annual Report for the period Period start date Period end date Day Month Year Day Month Year OSC r From 30 07 = 2023 To 31 07 2024 Office of the Scottish Charity Regulator
Reference and administration details
Charity name Other names charity is known by Registered charity number SC Charity’s principal address
Names of the charity trustees on date of approval of Trustees’ Annual Report
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Name of person
Dates acted if
Trustee name Office (if any) (or body) entitled to
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APPENDIX 1
Reference and administration details
Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)
| Name | Dates acted if not for whole year | Dates acted if not for whole year |
|---|---|---|
| None | 27/04/2025 | |
| Structure, governance and management | ||
| Type of governing document | Deed of Trust | |
| Trustee recruitment and appointment | A trustee shall be appointed by a majority |
|
| board of trustees, such resolution is |
recorded | |
| and signed by the new trustee and chairperson. | chairperson. | |
| Objectives and activities | ||
| Charitable purposes | Our Charitable purposes include: | |
| (a) To advance the Christian faith in | Scotland, | |
| Kingdom and other parts of the world. | ||
| Summary of the main activities in relation to these objects |
To make the love of Jesus and the salvation toeveryone; startingfromourimmediate |
salvation immediatecommunity, |
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APPENDIX 1
Achievements and performance
Summary of the main achievements of the charity during the financial period
Financial review
Brief statement of the charity’s policy on reserves
Details of any deficit
Donated facilities and services (if any)
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APPENDIX 1
Other optional information
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) Full name(s) Position (e.g. Chair) Chair Date
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The Redeemed Assemblies Trust Scotland
Statement of Financial Activities for the Year Ended 31 July 2024
| Unrestricted | Unrestricted | Restricted | Year Ended | Year Ended | |
|---|---|---|---|---|---|
| Note | fund | fund | 31.07.24 | 31.07.23 | |
| £ | £ | £ | |||
| INCOMING RESOURCES | |||||
| Grants/Donations | 3 | 214,726 | 0 | 214,726 | 369,914 |
| RESOURCES EXPENDED | |||||
| Charitable activities | 4 | 231,113 | 231,113 | 342,048 | |
| Governance costs | 1682 | 1682 | 1765 | ||
| Other Resources expended | 2610 | 2610 | 5305 | ||
| Total Resources expended | 235405 | 0 | 235405 | 349,118 | |
| NET INCOMING/(OUTGOING) | |||||
| RESOUCES | -20679 | 0 | -20,679 | 20796 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 25661 | 0 | 25661 | 25661 | |
| TOTAL FUNDS CARRIED FORWARD | 4982 | 0 | 4,982 | 25661 |
The Redeemed Assemblies Trust Scotland
Statement of Financial Position as at 31 July 2024
| Unrestricted | Restricted | Year Ended | Year Ended | ||
|---|---|---|---|---|---|
| fund | fund | 31.07.23 | 31.07.23 | ||
| Notes | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible Assets | 5 | 18338 | 0 | 18338 | 36015 |
| CURRENT ASSETS | |||||
| Cash at Bank | 589 | 0 | 589 | 256 | |
| CREDITORS | |||||
| amounts falling due | |||||
| within one year | 6 | -13945 | 0 | -13945 | -10610 |
| NET CURRENT ASSETS | -13356 | 0 | -13356 | -10354 | |
| TOTAL ASSETS LESS | |||||
| CURRENT LIABILITIES | 4982 | 0 | 4982 | 25661 | |
| NET ASSETS | 4982 | 0 | 4982 | 25661 | |
| FUNDS | |||||
| Brought forward | 25661 | ||||
| Funds for the year | -20,679 | ||||
| TOTAL FUNDS | 4,982 | 25661 |
The financial statements were approved by the Board of Trustees on ______ and were signed by:
Name:
Office
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The Redeemed Assemblies Trust Scotland
Notes to the Financial Statements for the Period Ended 31 July 2024
1 ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities Statement of Recommended Practice applicable to charaties preparing their accounts in accordance with the Financial Reporting Standards appicialbe in the UK and Republic of Ireland (FRS102) issued on 16th July 2024, the Charities and Trustees Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006 (as amended)
Incoming resources
All incoming resources are included on the Statement of Financial Activites when the
charity is legally entitled to the income and the amount can be quantified with reasonable accuracy
Resources Expended
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
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Taxation
The charity is exempt from tax on its chartibale activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular resticted purposes within the objects of the charity .Restictions arise when sprecified by the donor or when funds are raised for a particular restricted purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2024
Trustees' Expenses
There were no trustees' expenses paid for the year ended 37 July 2024
The Redeemed Assemblies Trust Scotland
Notes to the Financial Statements for the Period Ended 31 July 2024
| INCOMING RESOURCES | Unrestricted | Restricted | . |
|---|---|---|---|
| fund | fund | ||
| £ | £ | ||
| Free will donations | 214726 | ||
| Total | 214726 | 0 |
3 INCOMING RESOURCES
4 Charitable Activities
| Charitable Activities | ||
|---|---|---|
| Charitable Activities | Unrestricted | Restricted |
| fund | fund | |
| £ | £ | |
| Donations, food banks, events, etc | 188,381 | |
| Rent | 6013.38 | |
| Staff cost | 36718.6 | |
| 231113 |
4 Fixed Assets
| Fixed Assets | Unrestricted | Restricted | |
|---|---|---|---|
| fund | fund | ||
| Bal F/ward | 36015 | ||
| Addition: | Equipments and furnitures | 8980 | |
| Disposals | -24047 | ||
| Depn charged | -2610 | ||
| Bal as at 31 July 2024 | 18338 |
5 CREDITORS: Amounts falling due within one year
| CREDITORS: Amounts falling due within one year |
||
|---|---|---|
| 2024 | ||
| £ | £ | |
| Governance costs | -1395 | |
| PAYE/NI | -12550 | |
| Other Creditors | 0 | |
| -13945 |
The Redeemed Assemblies Trust Scotland
Notes to the Financial Statements for the Period Ended 31 July 2024
7 Movement in Funds
| Net | |||
|---|---|---|---|
| movement | |||
| 31.07.23 | in funds | 31.07.24 | |
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 25661 | -20,679 | 4,982 |
| TOTAL FUNDS | 25661 | -20,679 | 4,982 |
| Net movement if funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| Resources | Expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 214726 | 235405 | -20679 |
| Restricted funds | |||
| Grants/donations | 0 | 0 | 0 |
| TOTAL FUNDS | 214,726 | 235405 | -20,679 |
THE REDEEMED ASSEMBLIES TRUST SCOTLAND CHARITY NUMBER SC050268
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE REDEEMED ASSEMBLIES TRUST SCOTLAND
I report on the accounts of the charity for the period ending 31[th ] July 2024
Respective responsibilities of the Trustees and the 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 trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulation 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 independent examiners statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 subsequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention-
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulation (as amended), and
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to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations(as amended) have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Dated: 28[th] April 2025