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TAKE HOLD CHURCH
TRUSTEES’ ANNUAL REPORT AND ACCOUNTS
For the period ended 31 May 2025
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| CONTENTS | PAGES | ||||
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| Charity information | a? | ||||
| Trustees’ Annual Report | we | F | |||
| Independent | Examiner's | Report to the Trustees | 8 | ||
| Receipts and | Payments | Account | 9 | ||
| Statement of | Financial Balances | 10 | |||
| Notestothe | FinancialStatements | 11-14 |
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CHARITY INFORMATION
Charity name
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Take Hold Church SCIO
Charity number SC052537
Charity’s principal address
121 George Street, Rm 313-315, 3rd Floor South, Edinburgh EH2 4YN
Charity’s place of worship
Saint Stephen's Church, 105 St Stephen Street, Edinburgh EH3 5AB
Names of the current charity trustees
Paul Richardson
Duncan Blair Marc Pawson Jonathan Howes Derek Maloy Matthew Warren Brian Kase
Names of other charity trustees Anyone else who has been a charity trustee during the financial year covered by the accounts the annual report forms part of
Lead Pastor
Paul Richardson
Type of governing document
- Constitution
Web
https:/Aakeholdchurch.com/
Banking Virgin Money, 83 George Street, Edinburgh EH2 3ES
TRUSTEES’ ANNUAL REPORT
The trustees present their annual report and financial accounts for the period ending 31 May 2025. The charity's constitutional form date was 9 May 2023 and this report reflects the charity's second year of activities. This report has been prepared in accordance with the requirements of Charities and Trustee Investment (Scotiana) Act
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2005 and Charities Accounts (Scotland) Regulations 2006 (as amended). Additional guidance for the preparation of this report was provided by The Scottish Charity Regulator (OSCR), Trustees’ Annual Reports: Guidance and Good Practice and at www.oscr.org. uk
11 Charitable 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 (() particularly relevant and (ii) is the charitable purpose identified as applicable from section 7 of the 2005 Act:- 6.2.1 the advancement of religion.
21 Trustee recruitment and appointment
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 achievements of the charity
a/ Vision and mission
We are building a new community of faith for everyone in Edinburgh.
b/ Cultural values, activities, and achievements
We Pursue God through We believe that worship is the daily offering of Worship and studying His our lives and God's Word purifies and Word energizes us to be a part of His restoration plan.
The community of faith at Take Hold Church gathers at our weekly worship gatherings on Sunday afternoons, built on a foundation of small groups who meet
TRUSTEES’ ANNUAL REPORT AND ACCOUNTS |
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throughout the city every week. Our first worship service as a church was 3 September 2023 at the historic St. Stephen's Church in Stockbridge. We hosted weekly worship services for the period of this report. Our worship gatherings were the primary means of upholding our value 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
Highlights from this reporting period
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Our largest, best attended worship service to date was Christmas 2024!
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- Launched small groups in October 2024, gathering people in homes across the city for study and application of God's word.
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Many people came to faith in Jesus and followed in obedience. through baptism.
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Hosted regular prayer nights to gather and pray as a church.
We Pursue We will withhold nothing for the one who is Whole-Hearted Living worthy of everything.
Take Hold Church is committed to pursuing a life of wholeness as a community as we live out the abundant life Jesus promised. Throughout the year, we hosted many community events free to the public. These community events and other meet-ups were opportunities when we experienced whole-hearted living as a church.
Highlights from this reporting period:
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Hosted nine groups from the US to help with community events and community enrichment for our community.
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Began a men's ministry to gather men from across the church and city.
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Hosted nine groups from the United States to help with community events and community enrichment for our community.
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Planned and hosted Take Hold’s first annual worship conference, Light the Beacon, and welcomed participants from churches across Scotland.
We Practice Generosity
- 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 we treat others
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Take Hold Church practiced many acts of generosity during this year of operation We hosted community events to bless our neighborhoods in the city of Edinburgh with acts of kindness and care. We strive to not only be tangibly generous, but to reflect a generous God who always welcomes those who desire to come near. With every interaction in the community, we are seeking to make everyone feel welcome to connect with the church
Highlights from this reporting period
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Partnered with Edinburgh City Mission to help serve New Scots who have found asylum in Scotland. Donated funds to the New Scots Christmas Appeal.
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Created a special Christmas celebration for the community in Stockbridge Market, including free Christmas photos.
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Hosted Kaleidoscope, a charity showcase event in August 2024, seeking to celebrate and bring awareness to fantastic charitable organizations from across Scotland.
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With assistance from visiting groups from the United States, we gave back to the Edinburgh community through cleaning homes, painting flats, cleaning gardens and partnering with work with several wonderful Scottish charities.
We Speak Life
We will speak life and belief and combat a culture of cynicism and skepticism. We will treat people as God's masterpieces full of potential and promise.
During this year of activities, we spoke life and hope over anyone who attended our Sunday worship services, community meet-ups, and in other important segments of our city. We were able to appreciate the staff and volunteers of many local charities and to simply say ‘thank you' for a job well done. We want everyone in Scotland to experience the life and hope available to them, as the God of hope always offers strength, help, and hope amid every challenge.
c/ Outcome of activities
2024-2025 was a year of significant growth and diligent effort to pursue Take Hold Church's charitable purposes, vision and mission, and cultural values
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The established charity experienced expansion and growing depth of community during this period. We engaged the community near and far and blessed, welcomed, befriended, and invited everyone and anyone to belong in our community. Not only did an increasing number of people visit Take Hold and get connected in our community, but we saw people connecting deeper and in more meaningful ways through small groups, men’s groups, and prayer nights. We pursued a goal of improving individuals’ quality of life through the addition of many more churches. It's through this vision accomplished where anyone across Scotland can experience the love and hope offered through Jesus.
4 | Financial Review
For the period ended 31 May 2025, our financial position is as follows.
Income Total Income for the period was £290,372.83. Income of £248, 696.86 was 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 began to recover Gift Aid on eligible donations from HMRC.
Expenditures Total expenditures for the period were £283,960. The largest categories of expenditures were Payroll Expenses from church staff (£109,528), Gathering Space Rental (£60,492), Worship Leader Costs (£26,625) and Outreach (£14,180).
Surplus / Deficit Take Hold Church has a surplus of £6,413 for the period. Ouryear,financial as we haveposition carefullyis one managedof health ourentering budgetedthe next expenses and continued to diligently steward the income of the church.
Policy on reserves It's the policy of the Trustees to hold 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 provides financial stability in our initial years of start-up as local church donations increase to a sustainable level.
5 | Summary and signature
This annual report and the attached accounts presents Take Hold Church's complete period of activities.
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Signed by order of the trustees
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Printed name: Paul A. Richardson
Title: Lead Pastor & CEO
Date
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TAKE HOLD CHURCH
Independent Examiner’s Report to the Trustees of Take Hold Church SCIO
Respective responsibilities of trustees and examiner
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 consequently, | 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 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
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- to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Requlations
Name Lisa Barraclough Account Manager - CGUK Ltd
Address 4 Griffith Drive Whitburn Bathgate EH47 OBJ oat I41BIQo =e,
RECEIPTS AND PAYMENTS ACCOUNTS
| Unrestricted | Restricted | Total Funds | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |||||
| Incoming Resources | ||||||||
| Incoming resources from | ||||||||
| generating funds: | ||||||||
| Donation | 41,134 | 0 | 41,134 | 5,511 | ||||
| Activities for generating | 378 | 0 | 378 | 0 | ||||
| funds | ||||||||
| Investment income | 86 | 0 | 86 | 9 | ||||
| Other incoming resources | 248,775 | 0 | 248,775 | 53,236 | ||||
| Total Incoming Resources | 290,373 | 0. | 290,373 | 58,747 | ||||
| Resources Expended | ||||||||
| Charitable activities | 265,544 | 0 | 265,544 | 27 | 346 | |||
| Governance costs | 150 | 0 | 150 | 0 | ||||
| Total Resources Expended | > | 265,694 | 0 | 265,694 | 27 | 346 | ||
| Excess Receipts over | 24,679 | 0 | 24,679 | 31,401 | ||||
| payments before transfers | © | |||||||
| Transfers between funds | 0 | 0 | 0 | |||||
| Excess Receipts over | 24,679 | 0 | 24,679 | 31,401 | ||||
| Paymentsfortheyear |
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| STATEMENT OF FINANCIAL BALANCES
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | |||
| Bank & Deposit | 31,401 | 0 | - | 31,401 | 0 |
| Balance | |||||
| Balances brought | |||||
| forward | |||||
| Movements in Year | 24,679 | 0) | . | 24.679 | 31,401 |
| Excess Receipts | |||||
| over Payments | |||||
| Bank & Deposit | 56,080 | 0 | - | 56,080 | 31,401 |
| Balances Carried | |||||
| Forward |
The notes on pages 11 to 14 form part of the Financial Statements.
The Accounts were approved by the Trustees of Take Hold Church on:
Date:
And signed for on behalf of the Trustees of Take Hold Church by:
Printed name: Paul A. Richardson
Title: Lead Pastor & CEO
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NOTES TO THE FINANCIAL STATEMENTS
1. Accounting Policies
These accounts are prepared on the Receipts and Payments basis in accordance with the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
Fund Accounting:
Unrestricted Funds are those funds which can be used at the discretion of the trustees in the furtherance of the objectives of the charity.
Restricted Funds are those funds which can only be used for specific purposes as specified by the donor or when the funds have.been raised for a specific purpose
Details of the nature and purpose of the charity are given in the narrative section, pages 3-6.
2. Movement of Funds
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As at ist Receipts Payments Transfers As at 3ist
June 2024 May 2025
Unrestricted
Funds
General 31,401 290,372 (265,694) 0 56,079
TOTAL 31,401 290,372 (265,694) 0 56,079
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3. Trustees Payments and Expenses
Mr Paul Richardson was reimbursed £83.77 in expenses.
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NOTES TO THE FINANCIAL STATEMENTS (CON’T)
4a. Analysis of Receipts and Payments
Profit and Loss
Take Hold Church SCIO June 1, 2024-May 31, 2025
| DISTRIBUTION ACCOUNT | TOTAL |
|---|---|
| Income | |
| Event Income | 378.45 |
| Gift Aid Recoved | 77.79 |
| Grants Received | 242,695 86 |
| Misc Donation | 1,156.86 |
| One-Off Donations Gift Aidable | 335,00 |
| One-Off Donations Non- Gift Aidable | 4,182.75 |
| Standing Order Donatons Gift Aidable | 6,220.00 |
| Standing Order Donations Non-Gift Aidable | 17,853.31 |
| Sinpe Donation Non-Gift Aidable | 5,296.10 |
| Stnpe Donations Gift Aidable | 6,090.00 |
| VM Cashback | 85.71 |
| Total for Income | £290,372.83 |
| Gross Profit | £290,372.83 |
| Expenses | |
| Bank Charges | 562 53 |
| Bookkeeping Costs | 1,931.12 |
| Books & Resources | 515.75" |
| Digital Subscriptions | 721.45 |
| Discipleship & Groups | 283.17 |
| Equipment Expensed | 606 56 |
| Events | 9,557 88 |
| Gathering Space Rental | 60,492 33 |
| Gift/Grants to Organisations | 3,270.00 |
| Host TearvVHospitality | 7.236 78 |
| Independent Audit Costs | 150.00 |
| Insurance | 264.17 |
| Kids Church Expenses | 973.28 |
| Legal Fees | 35.00 |
| Light and Heat | 4,126.89 |
| Operating Space Rental | 500 00 |
| Outreach | 14,179.66 |
| Pastoral Care Cosis | 223.56 |
| Payroll Expenses | |
| Employer Contributions | |
| Retirement | 587 58 |
| Tota! for EmployerContributions | £587.53 |
| Taxes | 8,162.55 |
| Wages | 100,777.68 |
| Total for Payroll Expetses | £109,527.81 |
| Postage Printing |
1,032.40 158.30 |
| Pulpit Supply & Communion Costs |
9.60 |
| Staff Expenses | 1,588.05 |
| StaffMeetings | 1.16120 |
il
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NOTES TO THE FINANCIAL STATEMENTS (CON'T)
4a. Analysis of Receipts and Payments (con't)
| Staff Travel | 232.39 |
|---|---|
| Staft Welfare | 1,787.92 |
| Stationery | 107 44 |
| Unapphed Cash Bill Payment Expenditure | 462 02 |
| Visa Sponsor | 720 66 |
| Visiting Team Expense | 2,107 54 |
| Volunteer & Safeguarding Training | 150.60 |
| Worship Leader Costs | 26,625.00 |
| Worship Programming Costs | 13,782.19 |
| Young Adults Ministry | 55177 |
| Total for Expenses | £265,694.39 |
| ‘NetOperatingincome 8 TBA |
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| Bank Interest | 661 50 |
| Total for Other Income | £661.50 |
| BN | |
| Depreciation | 722.94 |
| Total for Other Expenses | £722.94 |
| ‘Net Otherincome—s—i‘SOSOS~S~S~SOSOSOS BT |
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| ‘NetIncome——s—s—ssSSSSS | £24647.00- |
4b. Grant Detailed Analysis
Take Hold Church Inc (American Parent Church) gave a total of £248, 696.86 over 15 payments in grant funding.
5. Donations to 3rd Parties as Part of Charitable Activities
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 - £450 The Revelation Room - £1,500
The Scottish Reformation Society - £320 Edinburgh City Mission - New Scots Christmas Appeal - £1000
6. Gifts to non-Christian Organisations
During the period — none
NOTES TO THE FINANCIAL STATEMENTS (CON’T)
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l Y TRUSTEES’ ANNUAL REPORT AND ACCOUNTS |
- Collections for 3rd Parties treated as Agency Collections
No funds were received for of this kind as all funds were recorded via the receipts and payments account on this page in note 4
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