TAKE HOLD CHURCH
TRUSTEES. ANNUAL REPORT AND ACCOUNTS
For the period ended 31 May 2024

CONTENTS
PAGES
Charity Information
Trustees, Annual Report
Independent Examiner's Report to the Trustees
Receipts and Payments Account
Statement of Financial Balances
Notes to the Financial Statements
10-12
TRUSTEES, ANNUAL REPORT AND ACCOUNTS I I

CHARITY INFORMATION
Charity name
Take Hold Church SCIO
Charlty number
SC052537
Charws prfrKlpal address
16 Royal Exchange Square, Glasgow Gl 3AG
Charitys place of worship
Saint Stephen's Church, 105 St Stephen Str￿[ Edinburgh EH3 SAB
Narnes of the charlty trustees
Lead Pastor
Type of governing document
Constitution
Web
httpsJ/takeholdchurch.com/
Banking
Virgin Money
83 George Str*t
Edinburgh
EH2 3ES
TRusfEEg ANNUAL REPORT AND ACCOUWSI 2

TRUSTEES. ANNUAL REPORT
The trustees present their annual report and financial accounts for the
period ending 31 May 2024. The charitsls constitutional form date was 9
May 2023 and this report reflects the chariws initial year of activitie& This
report has been prepared in accordance with the requirements of
Charities and Trustee Investment {Scotlandl Act 2005 and Charities
Accounts {Scotland} Regulations 2006 (as amended}. Additional guidance
for the preparation of this report was provided byThe Scottish Charity
Regulator {OSCRI, Trustees, Annual Repo￿ Guidance and Good Practice
and at www.oscr.org.uk
I I Charltable purposes
6.1 The SCIO will promote, advance and further Charitable purposes
primarily by working to encourage and promote conduct church planting
in Scotland and with that it will evangelize. spreading the word of
Christianity, while providing mentoring, training, and financial support to
new churches in Scotland. By conducting this activity, the SCIO will assist
in furthering the message of Jesus Christ, and allow for more physical
places of worship. thus improving individuals, quality of life.
6.2 For the purposes of the 2005 Act, the following charitable purpose is li)
particularly relevant and {ii) is the charitable purpose identified as
applicable from section 7 of the 2005 Act:_ 6.2.I the advancement of
religion.
21 Trustee rKruitment and appolntment
An interview with the CEO appoints trustees to ensure their willingness to
meet the allotted amount of times annually, oversee legal requirements
provide moral and financial accountability, and overall guidance. They are
vetted by a third party to ensure there is no conflict of interest
31 Summary of the main activities and achlevements of the charlty
Ision and mlsslon
We are building a new community of faith for everyone in Edinburgh.
TRUSTEES, ANNUAL REPORT AND ACCOUNTS | 3

Cultural values and achievements
We Pursue G¢xl through
We believe that worship is the daily
Worshlp and studying His offering of our Irrfes and God's Word
Word
purifies and energizes us to be a part of
His restoration plan.
The communty of faith at Take Hold Church is built around our weekly
worship gatherings on Sunday afternoon& Our first worship seNice as a
church was 3 September 2023 at the historic St Stephen's Church in
Stockbridge. We hosted monthly worship services from September until
February, until we began weekly worship ser￿ice& Our worship gatherings
were the primary means of upholding ourvalue of worship and studying
God's Word together. Our services are welcoming, uplifting. and full of
hope for anyone new or old to the Christian faith.
We Pursue
We will wtthhold nothing for the one who
Whole-Hearted Livlng
is worthy of everything.
Take Hold Church is committed to pursuing a life of wholeness as
community as we live out the abundant life Jesus promised. Throughout
the year, we hosted many community events free to the public, including
park parties with inflatables and activities free coffee and food, and other
giveaways. These community events and other meet-ups were
opportunities when we experienced whole-hearted living as a church.
We Practice Generoslty
We will create a culture that goes beyond
what is asked or expected. We will not
settle for minimum investment or
returns in expanding God's Kingdom and
how V￿ treat other&
Take Hold Church practiced many acts of generosity during this year of
operation. We hosted many community events to bless our
neighborhoods in the city of Edinburgh with acts of kindness and care.
With every community evenL our outreach and acts of kindness came
with a smile. a word of V￿lcOme, and an invitation to visit with our church
community. Our church partnered with Edinburgh City Mission to help
serve New Scots who have found asylum in Scotland. We strive to not only
be tangibly generous but to reflect a generous God who always welcomes
those who desire to come near.
TRu￿EES. ANNUAL REPORT AND ACCOUNTS1 4

We Speak Life
We will speak life and belief and combat
a culture of cynicism and skepticism. We
will treat people as God'5 masterpieces
full of potential and promi*.
During this year of activities we spoke life and hope over anyone who
attended our Sunday worship seprfice4 communty meet-ups in local pubs
and restaurants and in other important segments of our cty. We were
able to appreciate the teachers and administrators of two local schools
with gifts and notes of appreciation, and to simply say thank you, for a job
V￿11 done. We ￿￿nt everyone in Scotland to experience the life and hope
available to them, as the God of hope alv4ays offers Strength, help, and
hope amid every challenge.
0￿corne of activitles
2023-2024 was a year of significant growth and diligent efft)rt to pursue
Take Hold Church's charitable purposes vision and mission, and cultural
values. The charity was created, our S￿erns and processes were
established, vrfe secured a regular meeting space, and began regular
gatherings for V￿rShip. We engaged the community near and far and
blessed. welcomed, befriended. and invited everyone and anyone to
belong in our community. Year one was a tremendousyear offorward
progress. With our vision always before us we anticipate continued
growth and health, pursuing a goal of improving individuals, quality of life
through the addition of many more churche& It's through this vision
accomplished where anyone across Scotland can experience the love and
hope offered through Jesu&
41 financial Revlew
For the period ended 31 May 2024, our financial position is as follows.
Income
Total Income for the peri￿ was £58,747.42 Income
of £53,235.95 VRS received as grants over the
course of the operating period. We experienced
steadily increasing income from the donations of
individuals from within our growing church
community. During the year, we applied to HMRC
to become Gift Aid eligible for applicable
donations. In May 2024. we obtained approval to
receive Gift Aid for qualifying donations.
Expenditures
Total Expenditures for the period were £2734&0I.
The largest categories of expenditures were Payroll
TRUSTEES, ANNUAL REPORT AND ACCOUNTS I S

Expenses from church staff1£12,899.671 and
Worship Leader Costs1£8.475.001. Take Hold
Church became a licensed Visa Sponsor through
the UK Home Office and had expenses to obtain
this licensing l£1.572.001.
Take Hold Church had a surplus of £31,1￿07.47 (net
operating income) for the year. Our financial
position is one of health entering the next year. as
we have carefully managed our budgeted
expenses and continued to diligently steward the
income of the church.
Surplus / Deficit
Policy on reserves It's the policy of the Trustees to hold one to two
months of budgeted expenditures as funds in
reserve to cushion against unforeseen decreases or
inconsistencies in income. Take Hold Church has
the commitment of grant funds from our parent
church which promdes financial stability in our
initial years of start-up as local church donations
increase to a sustainable level.
51 Summary and slgnature
This annual report and the attached accounts presents Take Hold Church's
initial year of activities.
Signed by order of the trustees.
Title..
Ifd
.?rJL ,J (I
Date:
TRUSTEES, ANNUAL REPORT AND ACCOUNTS |

Take Hold Church SCIO
Independent Examlnerfs Report to the Tn￿tee9 of Take Hold Church SCIO
Period ended 3181 May 2024
Independent Examlnerfs R•portto th• Tru•tee8 of Take Hold Church SCIO
I rewrt on the accounts of the charity for perknd erKJed 319t May 2024.
Respectlv8 responsiblllti05 of tru6toe8 and examlnar
The charws trustees are responsbi le for the preparatlon of the a￿Unts In accordance with the
temis of the Charities and Truste8 Investment (Scoland) Act 2005 and tha Charitles
Accounts {Scotl8nd) Regulations 2006 (as arnerK￿). The Charfty trustees Cor￿ld8rth8t the audit
requir&nent of Regulation 10(1) (d) of the 2006 Accounts Regulation8 does not appty. It Is my
reSpO￿lb]lIty to examim the accounts as required under section 4411) (c) ofthe Act and to stat8
whether particular matters have come to my allenlion.
Ba818 of Ind•p¢ndgnt oxamlnevs statem
My examinalion18 cathed out In 8(xordance wlth Regulation 11 of the 2006 Accounts R8gulalions.
An examin8tion incI￿leS a review of the accounting records kept by chanty and a comparison of
the accounts presented wilh those records. It also includes consideration of any unusual items or
disclosuTes in the accounts, and seeks explanatton$ from the trustees con￿ming any suth mattern.
The pr(￿lureS undertaken do not provide all lh8 evidenc8 that would be required in an audlt. and
consequenty I do not express an audii opinion on the view giv￿ by th8 accounts.
IndeperKlent eumlnevg statement
In the course of my examination. no rnatter has come to my attentlon which glves me reasonable
cause to believe that in any material tespect the reqU7￿ments.
to keep accounting records In accordance wlth Section 44(1) (a) of Ihe 21x15 Act and
Regulatlon 4 of the 2006 Accounts Regulatiorvs
to prepare accounts which accord wilh lh8 accounting records and comply wilh Regulation g
of the 2006 Accounts Regulatlons
N￿ne..
Addre
2Ll2(2¥

RECEIPTS AND PAYMENTS ACCOUNTS
Unrestrieted Restricted
Funds
Funds
Total
Funds
2024
Totsl
Funds
2023
Incoming Resources
Incoming resources from
generating funds-
Donation
5,511
SS11
Activities for generating
funds
Investment income
Other incoming
resources
53,236
53,236
Total Incoming
Resources
747
¥747
Resources Expended
Charitable activities
27346
27346
Governance costs
Total Resources
Expended
Excess Recelpts over
payments before
transfers
,40i
,401
Transfers between fund5
Excess Recelpts over
Payments for the year
.401
,40i
TRu¥fEES' ANNUAL REPORT AND ACCOUNTS | 8

srATEMENT OF FINANCIAL BALANCES
21Y24
Unrftstrfct￿ Restrfcted Endowment Total Total
Funds
Funds
Funds
Bank & Deposlt
Balan¢e
Balances brwght
forward
Movaments In
Year
Excess Receipts
over Paymenrs
.401
./40i
Bank & Deposlt
alancas Carrl•d
Forward
31,401
The rK>tes on pages10 to12 fom) part of the Financial Statements.
The Accounts were approved by the Trustees of Take Hold Church on:
Date:
And si
ned for on behalf of the Trustees ofTake Hold Church by.
L£Lkc
TRUSTEES. ANNUAL REPOFIT AND ACCOUNTS |

NOTES TO THE FINANCIAL STATEMEKrs
These accounts are prepared on the Receipts and Payments basis in accordance
with the Charities arKI Trustees Investment {Scotland) Act 2005 and the Charities
Accounts Iscotland) Regulations 2006 (as amended).
Fund ￿oUntIn
Unrestrlcted Funds are those funds vthich can be used at the discretion of the
trust￿ in the furtherance of the objectives of the charity.
Restrlcted Funds are those funds which can only be used for specific purposes as
specified by the donor or when the fvnds have been raised for a specific purpose.
Details of the natu￿ and pUr￿)se of the charity are given in the narrative section.
pages 3-6.
Z Movement of Funds
As at Ist Receipts Payments Transfern As at 31st
Jun• 2023
May 2024
Unrestrirted
Funds
General
58.747
(Z7346)
31,401
TOTAL
¥747 (ZIW•6)
reimbursed £389.87 in expen
TRusfEES' ANNUAL REPO1￿ AND Accoufvrrs 110

NOTES TO THE FINANCIAL STATEMENTS
4a. Analysis of Receipts and Payments
Take Hold Church SCIO
Finanaal kn"vth"es
JLM 20rJ. klay 2024
TOT*L
S2￿50
s￿47
100.c
8T2.37
Visfting T•wn A•¢wAd
74TAI
47
TOTfvi
102.0)
KldAChLtrth Ew
81.79
i.on.40
RoiiifyrD•nt
Tu
125Z.8¥
11352.99
12.05
16&82
Ifp).78
IW.67
l.S72.NJ
75.C
435 05
woT￿lIp PTDlliarnnv•GoAIB
NEI OPEBATINts INCOkÉ
•Js
21 B8
NEI OTHER W4COME
NET *KLWEIIEXPENfATUAEI
¢.1
TRUSTEES, ANNUAL REPORT AND ACCOUNTS 111

NOTES TO THE FINANCIAL sfATEMENTS
Grart Detalled Analysls
Take Hold Church Inc (American Parent Church) gave a total of £53,2￿95 over 5
payments in grantfunding.
S. Donations to 3rd Partles as Part of Charltabk Actlvltles
Donations made to other Christian charities, where the church's charitable objective
of mission can be fulfilled through one of these organisations and have much
greater impact than our own church working in isolation.
Hope City Church Edinburgh- For their Corner Room project- £600.00
& Gifts to non-christian Organlsatlons
During the period- none
7. Collectlons for 3rd Parties treated as Agency Collectlons
No furbds were Teceived for of this kind as all funds were recorded via the receipts
and payments account on this page in note 4.
TRUSTEES, ANNUAL REPORT AND ACCOUNTS112