REGISTERED CHARrrY NUMBER: SC050819 Report of the Trustse8 and Palm Church (SCIO) Ac(x)untants Plus Unit 1 C•Jzow Park 82 Muir Street Hamlton ML36
Palm Church (SCIO) for the Year Er¥Jed 31 December 2024 Page Rert of the Trustee8 1 to 2 IrKlependent EXnn$ Report Stat8ff*nt of Finant>al Acts alance Sheet N¢)tes to the Fknandal s1thts 8 to 10 Detaibj Ststement of Financial Activitns 11
R)rt of the Truee$ for the Year Ended 31 DeCber 2024 The trtths their report with the financial statenmts of th8 charfty for the year ended 31 EetsnJer 2024. Tr trustees have adopted the provrdior¢ of AccOtirj and Reporting by chwill.. Statement of R0MMended Practice applicab to chartb88 preparing their accourt8 in accord9nce with the Finanual Re['r¥j StsrvJard applH xi the UK RerAlA of Irelgnd (FRS 102) (effective 1 January 2019). OBJECTives AND ACTMTIES Objectives and aims The advanment of relgion lty0h the thancemenl of the Christian fatth, lifestyle and lucat'on. To emTr)er communibes to ld dYnarn traThsfDrM1 successfvl li$ throtyJh the kYJY•W of Ihe gospd of J8sus Chrtst. The relS8f of throuth engaL4ng In l(ul ¢r)mmunty prqects for Ihe poor, urmlpr and olhevwise in need. also Ihrouth Mune$, and tyojects In tjeveloping nations. The 8dvan¢emnt of ¢ltlzw$NP of C&MMiunty d8veloprnt through lontem and restorAtlon pr0cts In IndmYUa1 Ilves arnl eanWn1S ACHIEVEMENT PERFORMANfE Charftablo actlvlUo8 Throughout Ihe year the charity Pthj a number (* ets such as Communty Easter fund d8y, dlig officiatiig and Sunday RelNJiou8 cl¥Jrch serv88. FUTURE PLANS 1) To acquire a bulk11 and utili6e it 88 a comrwnity centre. 21 To continue to provide relyous actNities in Visor6 x¥os8 &>)tland. 3) To eststdish semces ts adums and kids with autism STRuclliR4 GOVERNANCE AND MANAGEMEKr Gov•mlng documenl The ch¥ity is conlroled by ils govemng d(Trnt aTrJ o)nslltutes a Scotlish Charitab Incorporated Organisaticn. REFERENCE AND ACWhYI8TRATIVE CEfALS Reglstered Charlty nlbor SC050819 Prlnclpal addre88 The Paddock 17 Blaektounge Fami R(1 Greengar8 ML6 7TX Trustees P•Je 1
Rert of the Trustees for the Year Er#Jed 31 December 2024 REFERENCE AND ADMINISTRATIVE tEfALS Independent Examiner Accountants Plus Chartered Ce[lifd Aco)unlants Unlt 1 Cadzow Park 82 mu Street Hamilton ML3 6W 1310512025 Approved owder of the LM)wd of trleeS on ................................... .. .. tehalf by: arnl *ned on tts Page 2
Independerrt Exam$ Report to the Trustees of Pm Churth (SCIOI I report ants ft)rlh8 yw eThJed 31 Do(rtw 2024 8et on pag86 four to t1. Respecthie raponsibilitlm d tr and èxaminer The charitys trustees are responsitAe for the preparation of the acx>)unts in aCrdan th the tenns of th8 Charitie8 Trustee Invesiment (S¢xfylId) Act 2CI)5 and ts Chwities Accounts (Scotland) Regulatlons 2006 las amended}. The ckArtys trustees C8er that th8 audit requiremont of Regulatlon 10{1Ma) to (c) of the Accowts Regulatio9 does not apply. It kg my responsibrlty to examine the aeInts as wuired under Section 44(1Xc) of the Ad a1 to state ether Parti1 Matters have to rny attenkn. Ba9 d th• Ind•p¢nd•nt •xamln•rf8 rewt My examinatn card oJt In accordance wth RwJulat)n 11 of the Charilies AAUnts (Scotland) Regulab"ons 20C. An examination indudes a rev of the accounting records kept by the charity arKI a comparison of the accounts wesert&rf with trnse rrds. It also includes conslderth'on of any unusual iiems or disck)sures in the ac£ounts, and seeking explanations from you as trustees concémirKJ Y such matters. The prorxjures dertaken do not w)vide all the evidence Ihal Yuld be requrad in a11. and cowuenty I do not ewess audrt Okinion on the wew gl¥en ty the accowts. Independent examlnefs 8tsikni•nt In ¢ce¢lIon wlh my examIn8t, no matter has come lo ry attentkm .' 11) wfich gives me rea8¢Kb cause to beleve th8t. kn mat8ri81 r8SW tt rwuir8ments to k8ep aC(UntI rordS kn ¢13rTh seL#1 44(1)(a) of the 2005 Aca and RegulaOn 4 ofthe 20[ Accnts RUlatIOns. and to prepare accounts whlth 8ccord wlh the oUntiN records to comply wlth Regulab'on 8 of the 2Crt)6 ACcnts Regulatr'ons hav8 not been met,. or (21 to wh1(, In my onIOn, attenn shoufvj b8 drawn in order to enable a proper undwstsndng (rf the accoLmts to be reach&l. The Instilule of Chartered Accountants of Scotiand Accountants Plus Chartwed Certtfied AC(Xxmts Unit 1 Cadzow Patk 82 Muir Street Hamlton ML3 68J Pag8 3
Palm Chu* (SCIO) for tha Year Ended 31 Decem 2024 31.1224 31.12.23 Unrestrirted Total nds fvnds Notes INCOMEAND ENDOWMENTS FROM t)onations arKI legae5 49,088 27,876 EXPENDITURE ON Charttable al¥[tieS Charit8tAe activites 22.027 13.945 NEf INCOME 27,061 13,931 RECONCILIATION OF FUNDS Total fvnd8 broL4ht fc4ward 55,683 41,752 TOTAL FUNDS CARRIED FORWARD 82.744 55,683 Th8 Th)t8s fomi part of tha fjnantial statwnents P4e4
pam ChurL ISCIO) Balance Sheet 31 Dember 2024 31.12.24 31.12.23 Unr8stri(aed Totsl rJs funds FIXED ASSErs Tar¥JIb assets 4.242 3.583 Debtors Cash at bank 123 79,699 297 53,003 79.822 53,300 CREDITORS Arnounts falling due withln one year (1,320) (1,2CKi) NEf CURREpif $sET8 78,502 52,100 TOTAL ASSEfs LESS CURREP LIABILITIES 82,7M 55,683 NEf ASSErs 82,744 55,883 FUNDS Unre8trlcted funds 82,744 55,883 TOTAL FLA4DS 82.744 55,683 Th• fimncial statements V•we tyyoved by the Board of Trustees and authorlsed for k8sue on ..1.31Q5RQ.25................. and we sign&J (n its behaff by: The nrtes fcffii part of these financlal slat8m8nts Page 5
Palm Churth (SCIOJ for the Year Ended 31 Dwxntw 2024 ACCOUNTING POUCIES Bajlg of prwrlng th• finan¢lal statements The financial Statem of the d)ty. whith is a public benefft entity under FRS 102. have been prepared In a(£ordano Vth the Charibes SORP (FRS 102) 'A(xounting and Repciting by ChareS." Statement clICe ap[lab to charit$ pparIng their aCrunts in accordance with ts FirHnoal Reportry &andard applicabl8 UK afvj Republic of IrelarKI (FRS 101 (effethe 1 JaThJwy 2019),, Financial RertIng Standard 1 'The Finanoal RertIng Slandard aWKat4e #i the UK and Rewiltc of Ireland, arJ the Charilles ar¥J Tntslee Investswrt (8Kolland) Act 20J5. The finanraal slatemerts have been prepared under the hiKKal cost (1)nvent. tnK8tees ConSKr thal ihere are no materlal uncert21nlles aLL)ut tlp chartys a'lIty to CCtlUe as a gowig cOn nor Jnifi•)t arèas of Lninty that affect carrylng value of the assets held by the charity. Incom• All in&)mo li r&ogni8ed n th8 Slatement of Flnard81 Adpiitlès ce th8 charty has entitlémerrt to Ihe fvnds, rt is wobab18 I the In¢ome be the OUnt ¢an be measured teliabty. Expondlture Llatmllles are reeognised as eXprtUre 89 80Dn a8 thwe 18 8 kggl Dr COtruCtiV8 oblwatlon Jmmrt#rvJ the charty to that expernjthre. rt is probable that a transfer of econom benefits 11 te required in settlement and tr OUnt of th8 obligatson cw bo measured rdiably. Expgnditure is accounted for on an accruals basis has been Claed undèr Ppading8 that aggregate al cost related to th6 category. costs cannot directty attritxrtad lo partlcular hoadlngs have baon alk)cal to acti¥ilie8 on a ba8B con81sknt wlth tl uBe of re50uice6. Tanglbh fix•d a88•ts Deprlation 16 provided at the follothj annual rates wi ordar to write off eath asset over Its estimated useful Ilfe. Plant aThd mxhinwy 15% c#) radu¢ing bajgnce Taxatlon The cJanty is exemF from tax on its charitth athrtles. Fund accounllng Unrestrioted furKls Can b8 uwj n xcordaKe wilh ts charitth o14ethes at Ihe discrlon of trustees. Restricted fuTrJs can onty used for parti1 restrid&l FxKposes within obpcts of the charity. Restricti5 arise by the d(Or or when furwjs ar8 raised for particular restrKed purpos Further explanation of the nature and purpose of oath furxj is inrjudgd ¥1 the Th)tes to the fina1* statemts. Pago 6 corbtiiu8J...
Year En 24 TrUSTEES' REhWNERATION AND BENEFITS There were no truste8s' ror1On or othw benefits for year ended 31 DeCeMr 2024 rK)r for the year erthd 31 t(mbw 2023. Th8ro were no InJ8tee¥ expenses FMKI ftx tre year ended 31 De(*rtw 2024 nor for Ihe year ènded 31 Cknber 2023. COMPARATIVES FOR THE STATEMEIIT OF FINANCIAL ACTMTIE8 Unrestri fvnds INCOME AND ENDOWMEpif8 FROM Donations legKies 27,878 EXPENDmJRe ON Charttable actlvltle8 Charltable aclvlles 13,945 NET INCOME 13,931 RECONCILIATION OF FUNDS Total funds tfought forward 41,752 TOTAL FUNDS CARRIED FORWARD 55,683 continued...
Palm Church ISCIOJ Notes to the Fcial Ststements. CQDII for the Year Endod 31 DeML 2Q24 TANGIBLE FIXED ASSErs ptant and mathmiery COST At 1 January 2024 Additions 4,947 1,408 At 31 Cebar 21r24 6,355 DEPRECIATION At 1 January 2024 Charge for year 1,364 749 At 31 Ckncember 2024 2.113 NET BOOK VALUE At 31 DecAmber 2024 4,242 At 31 CbLwntw 2023 DEBTORS: APAOUNTS FALLING DUE wrrHIN ONE YEAR 31.12.24 31.12.23 123 CREDrroRS: AMOUNTS FALUNG DUE MTrIN 0 YEAR 31.12.24 31.12.23 Othgr CrltorS 1,320 1.200 MOVEMENT IN FLIYDS Transfers movement In funds At 31.12.24 At1.1.24 Unrestricted furKI• Generat fund 27.810 (749) (44,991) 4,991 38,502 4.242 40.0(KI Building reserve fwKI 27.081 82.744 TOTAL FUNDS 55.683 27.061 82,744 PaJe 8 c£KJtinued...
P£bUr(ScIO) to the Fnancaal Statwn¢nts. con lor tha Yèar En¢ed 111)ecener 2024 MOVEM IN FUNDS . contln(wd Net moVet In funds, lncknd n the above are as folows: In)mI Resources Moverrnnt resources expended in funds Unrestrlcted fund• Gener81 fund Flxed aJ8et re8 49,088 (21,278) (749) 27.810 {749) 49,088 (22.027) 27,061 TOTAL FUNDS 49.088 (22.027) 27.061 Comparatlve• for movemert In fund• movemènt In funds At 31.12.23 A11.1.23 Unrn•trl¢t•d fund• General fijnd 41,752 13,931 55,683 TOTAL FUND8 41,752 13,931 55,683 COmparatp nel moverrwrt in Iw)ds. ncbJdJ #i the above are as follws: In(x)rning Re8OUr Movement reUrCeS expeTrJ*J in fwd8 Unrnstrlctod fund General fund 27,876 (13,945) 13,931 TOTAL FUNDS 27,878 (13.945) 13,931 Page 9 Intinued...
for the YRar Ended 31 2024 MOVEMENT IN FUND8 . contlnimd A curTent 12 nnthS and prior yoar 12 nrth5 posthn is as follcws: Transte m17t tiween funds At 31.12.24 At1.1.23 Unrostrithd fund8 General fund Fixed asset res Buildlng r8seNe fund 41,752 41.741 (749) (44,9911 4,991 40.OCKJ 38,502 4.242 40,0 41,752 40.992 82,744 TOTAL FUND8 41.752 40,992 82,744 A current yèar 12 mcY)ths arKI tybr 12 Thnths cornbin8d not llKwement in irthdl in the above are a$ folk)ws'. Incoming Resources Movement re8ourc•$ expgndwj in funds Unrmtrlcted funth Géneral fuThJ Flxed at reserve 76,964 (35,223) 17491 41,741 (749) 76,964 (35,972) 40,992 TOTAL FUNDS 76,964 {35.972) 40.992 RELATED PARTY DISCLOSURES Donations totalling £17,¥20 vme recelved from IIu8tees or from compan188 of whlth trustees are dlrectors. In addibon, the chanty purchaJ sertts from a corrTJany (Yred by a lJue for £2,500. Page 10
Diled Statement of Finanoal Actsle& 31.12.24 31.12.23 INCOME AND ENCK)WMEKrs Donallong and l•gaek• Donatlons Gift akl Grarts 27,876 15,220 2,0 49,088 27,876 Total Incomlng re•ources 49,088 27,878 EXPENDrruRE Charltable aclfvlts Insurance Sundrie6 261 481 283 1,678 Chiklw's equiprr*nt Youth expen8es Decorations Catedng Renl Cbaning Charttable donation8 Entsrtalnmènt Advertising Travel IT costs Repalrs and renthvaL8 Clothlffj costs 1,536 441 260 3.842 6.1 2,059 5,Y24 146 730 85 201 1,630 2.305 624 721 414 300 19,262 11.710 Support c¢ts Management Plant and machinery Gov•rnanc• c08ts Accountwy and bgal kns 2,016 1,603 Total re8ourcas exwdgj 22.027 13,945 Not Incryne 27.081 13.931 This page does not foTh part of the stalut(xy financial statements Ptye 11