REGISTERED COMPANY NUMBER: CS006156 (Scotland) REGISTERED CHARITY NUMBER: SC052327
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
FOR
HEC ABERDEEN
Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN
HEC ABERDEEN
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
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|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6|to|8|
|Detailed|Statement|of Financial|Activities|9|
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HEC ABERDEEN REPORT OF THE TRUSTEES FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 16th February 2023 to 30th September 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).
INCORPORATION
The charitable company was incorporated on 16th February 2023.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the Fellowship are to worship and glorify God, to encourage Christians to grow and make disciples. The trustees are of the view that the activities of the Fellowship are in accordance with these objectives. During the year, the church met regularly for worship and carried out various activities in pursuit of the above aims.
FINANCIAL REVIEW
Financial position
There was a surplus for the period of £273,655. This includes all donations and running costs of the Fellowship received in the period to 30 September 2025.
Financial information
The trustees consider that the Fellowship's reserves are adequate for its present purposes.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CS006156 (Scotland)
Registered Charity number SC052327
Registered office 120 Summer Street Aberdeen Aberdeenshire AB10 1RR
Trustees
W Harrison (appointed 16/2/23) A Innes (appointed 16/2/23) R Pirie (appointed 16/2/23) K Binnie (appointed 16/2/23) B McLeod (appointed 16/2/23) D Reaves (appointed 16/2/23) J Gilmour (appointed 16/2/23) D Leith (appointed 16/2/23)
Independent Examiner
Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN
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HEC ABERDEEN
REPORT OF THE TRUSTEES FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS Solicitors
Ledingham Chalmers Johnstone House 52-54 Rose Street Aberdeen AB10 1HA
Elders Willie Harrison Andrew Innes Rod Pirie Kevin Binnie Bruce McLeod Duncan Reaves Jonny Gilmour Derek Leith
Deacons Mark Buchan Kenny Cheyne Craig Ferguson Samuel Scott Sam Joseph Donald Thomas
Approved by order of the board of trustees on 16th March 2026 and signed on its behalf by:
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Pipe Wo
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R Pirie - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEC ABERDEEN
I report on the accounts for the period 16th February 2023 to 30th September 202 set out on pages four to eight.
5
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
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Tn connection with my examination, no matter has come to my attention :
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(1) _ 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 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.
Gary Addison The Association of Chartered Certified Accountants
Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN 16th March 2026
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HEC ABERDEEN
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
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|---|---|---|---|
|Unrestricted|
|fund|
|Notes|£|
|INCOME|AND|ENDOWMENTS FROM|
|Donations|and legacies|486,486|
|Investment|income|2|313|
|Total|486,799|
|EXPENDITURE|ON|
|Raising funds|79,659|
|Charitable|activities|
|Staff wages|and|charitable|support|
|132,477|
|Other|1,008|
|Total|213,144|
|NET INCOME|273,655|
|TOTAL FUNDS CARRIED FORWARD|273,655|
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The notes form part of these financial statements
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HEC ABERDEEN
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|---|---|---|---|---|---|
|BALANCE|SHEET|
|30TH SEPTEMBER|2025|
|Unrestricted|
|fund|
|Notes|£|
|CURRENT|ASSETS|
|Cash|at bank|317,499|
|CREDITORS|
|Amounts|falling|due within|one year|5|(43,844)|
|NET CURRENT ASSETS|273,655|
|TOTAL ASSETS LESS CURRENT LIABILITIES|273,655|
|NET ASSETS|273,655|
|FUNDS|7|
|Unrestricted|funds|273,655|
|TOTAL FUNDS|2735655|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.
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The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16th March 2026 and were signed on its behalf by:
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ee =
{; “
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Trustee
The notes form part of these financial statements
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HEC ABERDEEN
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Charitable activities
The General Fund is used for congregational purposes of the Fellowship and includes gifts received, made for local and overseas missionary work.
Taxation
The charity is exempt from corporation tax on its charitable 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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
INVESTMENT INCOME Deposit account interest
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£
313
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TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the period ended 30th September 2025.
Trustees! expenses
There were no trustees’ expenses paid for the period ended 30th September 2025.
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continued...
HEC ABERDEEN
Ts
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
STAFF COSTS
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|The|average|monthly number|of employees|during|the|period was|as|follows:|
|Pastoral workers|1|
|Administrator|2|
|3|
|No|employees|received|emoluments|in|excess|of £60,000.|
|CREDITORS:|AMOUNTS FALLING DUE|WITHIN ONE YEAR|
|£|
|Other|loans|(see|note|6)|37,660|
|Social|security|and|other taxes|2,888|
|Other|creditors|796|
|Accrued|expenses|2,500|
|43,844|
|LOANS|
|An|analysis|of the|maturity|of loans|is|given below:|
|£|
|Amounts|falling|due|within|one|year|on demand:|
|Other|loans|37,660|
|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|in|funds|30.9.25|
|£|£|
|Unrestricted|funds|
|General|fund|273,655|273,655|
|TOTAL FUNDS|273,655|273,655|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|&|&|
|Unrestricted|funds|
|General|fund|486,799|(213,144)|273,655|
|TOTAL FUNDS|486,799|(213,144)|273,655|
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continued...
HEC ABERDEEN
- RELATED PARTY DISCLOSURES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
MrsS Pirie, wife of trustee Mr R Pirie, received a salary of £14,790 for her role as Church Administrator. A donation of £200,000 was received from Hebron Church
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HEC ABERDEEN
£
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 16TH FEBRUARY 2023 TO 30TH SEPTEMBER 2025
INCOME AND ENDOWMENTS
| Donations and legacies | |
|---|---|
| Donations | 449,233 |
| Gift aid | 37,253 |
| 486,486 | |
| Investment income | |
| Deposit account interest | 313 |
| Total incoming resources | 486,799 |
| EXPENDITURE | |
| Raising donations and legacies | |
| Rates and water Insurance |
2,249 Dpdo. |
| Lightandheat | 23,494 |
| Telephone | 5,238 |
| Postage and stationery Sundries Repairs |
1,825 10,531 15,281 |
| Cleaner | 10,746 |
| Travel and accommodation | 862 |
| Training and teaching material | 1,911 |
| 79,659 | |
| Charitable activities | |
| Wages | 89,639 |
| Catering | 1,822 |
| Gifts | 41,016 |
| 132,477 | |
| Other | |
| Bank charges | 1,008 |
| Total resources expended | 213,144 |
| Netincome | 273,655 |
This page does not form part of the statutory financial statements
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