ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
ViZion Church
Annual Report and Financial Statements For the Year Ended 31 May 2025 Registered Charity No SC052708
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
| Contents | |
|---|---|
| Reference and Administration Details | 3 |
| Trustees' Annual Report | 4 |
| Statement of Trustees' Responsibilities | 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities for the Year Ended 31 May 2025 | 10 |
| Balance Sheet as at 31 May 2025 | 11 |
| Notes to the Financial Statements for the Year Ended 31 May 2025 | 12 |
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Reference and Administration Details
Trustees Charlie McDonald Jonathan Richardson Abigail Hewitt Charity Registration SC052708 Number Registered Office 298 Woodlands Road Glasgow G3 6NF Independent Examiner Anna Devlin FCCA
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Trustees' Annual Report
For the Year Ended 31 May 2025
The trustees present their annual report and financial statements of the charity for the year ended 31 May 2025. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's trust deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and 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).
Objectives and Activities
The purposes for which the Church exists are:
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The advancement of the Christian religion in Scotland and the world for the public benefit through the maintenance of a body of Christian believers founded on the tradition of biblical orthodoxy, which maintains that the Scriptures of the Old and New Testaments are the supreme authority in matters of faith and life, and who are engaged in serving God through worship, discipling, pastoral care and outreach.
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The relief of sickness and financial hardship and the promotion and preservation of good health for the public benefit, by the provision of funds, goods or services of any kind.
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The encouragement of members and adherents to take up the challenge and calling of Foster Care, both short and long term — ministering to the most disadvantaged young members of our society.
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The promotion of education for the public benefit, particularly in the understanding of the Christian religion, by encouragement of all Christian parents who, through Home Education or Christian schools, take very seriously their legal responsibility to educate their children.
Public Benefit
The Trustees confirm that they have referred to the guidelines contained in the Charity Commission general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
Strategic Review
The church has helped establish a Christian Nursery in Glasgow and plans to establish a Christian home education co-op the future. The church pursues a broad range of charitable purposes including individual, corporate and family worship; instruction in the Christian faith; community evangelism; the development of Christian character and leadership; and the promotion and support of missionary outreach at home and abroad.
Structure, Governance and Management
The Trust is a registered charity (SC052708), constituted under a trust deed dated 01 May 2023. The Trust Deed provides for a minimum of three trustees and a maximum of nine, with no more than three trustees due for re-appointment in any one year. At quarterly trustees' meetings, the trustees agree broad strategy and areas of activity. The Board of Trustees are the key management personnel of the charity. All Trustees give their time freely and no Trustee remuneration was paid in the year.
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Achievements and Performance
During the year the church continued its active ministry and outreach programme. Highlights include:
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Helping establish Epic Education, a Christian Nursery in Rutherglen, Glasgow, which opened in January 2025.
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Continued weekly evangelism outreach through the church's location in the West End of Glasgow.
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Planning for the opening of a Community Café within the church premises.
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Hosting a church wedding in March 2025.
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Holding special prayer gatherings for world peace.
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Providing a weekly Sunday lunch to all who attend the afternoon service.
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Running a fortnightly youth group for young people.
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Growth in Sunday School attendance as more families join the congregation.
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A church holiday in July 2024, with 30 members travelling to a hotel in Derbyshire.
Financial Review
Total incoming resources for the year were £25,087 (2024: £325,394). The significant reduction compared to the prior year reflects the fact that 2024 included a one-off building donation of £275,000 in respect of the church premises acquisition, which did not recur in 2025. Excluding the building donation, underlying income decreased from £50,394 in 2024 to £25,087 in 2025, primarily due to a reduction in monthly church giving as the congregation settled following a period of growth. Rent received of £2,900 represents a new income stream from the Gospel of Peace Church using the premises.
Total expenditure for the year amounted to £38,565 (2024: £51,330). The decrease reflects lower depreciation charges on the building fund and a significant reduction in one-off costs such as legal fees, sound system expenditure, and church maintenance compared to the prior year. Ongoing operational costs including utilities, pastor wages, and the hire of the Lighthouse facility continued at similar levels.
The church recorded a net outgoing resources position of £13,478 for the year (2024: net incoming resources of £274,064). The unrestricted funds recorded a deficit of £2,478 (2024: surplus £10,064), while the building fund decreased by £11,000 (2024: increased by £264,000) representing the annual depreciation charge on the church premises.
Balance Sheet
Net assets at 31 May 2025 stood at £260,586 (2024: £274,064). Fixed assets of £254,668 (2024: £266,224) comprise the church building at a net book value of £253,000 (2024: £264,000) and the minibus at £1,668 (2024: £2,224), both reduced by annual depreciation. Cash at bank stood at £6,268 (2024: £8,190). Creditors of £350 (2024: £350) relate to the independent examination fee accrual.
Total funds comprise unrestricted funds of £7,586 (2024: £10,064) and the building fund of £253,000 (2024: £264,000).
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Reserves Policy
The trustees have set a reserve policy which requires reserves to be maintained at a level ensuring three months of expenditure can be met, with a proportion held in a readily accessible form. The calculation of the required level of reserves is an integral part of the charity's planning, budgeting and forecast cycle. The Board reviews the reserve policy on a regular basis to ensure alignment with future activities and related risks.
Risk Management
A review of the major risks to which the charity is exposed was conducted as part of the annual activity assessment. Major risk factors identified are:
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Financial sustainability — including stability and security of donations and the ability to generate new income necessary for growth.
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Reputation risk — where the charity or its agents commit acts that damage its reputation, resulting in an inability to raise funds or awareness of its mission.
Trustees review risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified. Internal control risks are minimised by the implementation of procedures for authorisation and review of all transactions. Budgets and key performance indicators are prepared and reviewed throughout the year.
Trustees
The Trustees who served during the period were: Charlie McDonald, Jonathan Richardson, and Abigail Hewitt.
The members of the charity may nominate and appoint new Trustees to the Board. The minimum number of trustees is three and the maximum is ten. Recruitment is undertaken as necessary through the identification of skills gaps at trustee level.
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently.
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Observe the methods and principles in the Charities SORP 2015 (FRS 102).
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Make judgements and estimates that are reasonable and prudent.
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State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Trustees on …30/04/206… and signed on their behalf by:
Charlie McDonald
Charlie McDonald – Trustee
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Independent Examiner's Report to the Trustees
I report to the Trustees on my examination of the charity for the year ended 31 May 2025.
Responsibilities and Basis of Report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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Accounting records were not kept in accordance with the requirements.
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The accounts do not accord with those records.
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The accounts do not comply with the accounting requirements of section 396 of the 2006 Act (other than any requirement that the accounts give a 'true and fair view', which is not a matter considered as part of an independent examination).
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The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date: 30/04/2026
Anna Devlin
Anna Devlin FCCA
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Statement of Financial Activities
For the Year Ended 31 May 2025
| Unrestricted Funds (£) |
Building Fund (£) |
Total 2025 (£) | Total 2024 (£) | |
|---|---|---|---|---|
| INCOMING RESOURCES | ||||
| Donations – Building | 0 | 0 | 0 | 275,000 |
| Monthly Tithes | 8,953 | 0 | 8,953 | 9,838 |
| Monthly Church Giving | 13,234 | 0 | 13,234 | 40,556 |
| Rent Received | 2,900 | 0 | 2,900 | 0 |
| Total Income | 25,087 | 0 | 25,087 | 325,394 |
| RESOURCES EXPENDED | ||||
| Church Maintenance | 1,844 | 0 | 1,844 | 10,304 |
| Pastor Wages | 6,100 | 0 | 6,100 | 6,200 |
| Hire of Lighthouse | 3,040 | 0 | 3,040 | 6,820 |
| Insurance | 2,519 | 0 | 2,519 | 0 |
| Sound System | 731 | 0 | 731 | 3,687 |
| Utilities | 5,237 | 0 | 5,237 | 2,976 |
| Lawyers Fees | 500 | 0 | 500 | 2,200 |
| Equipment | 600 | 0 | 600 | 1,610 |
| Church Sundries | 1,052 | 0 | 1,052 | 1,239 |
| Church Supplies | 374 | 0 | 374 | 803 |
| Motor Repairs | 1,196 | 0 | 1,196 | 748 |
| Literature / Evangelism | 285 | 0 | 285 | 496 |
| Church Outings | 744 | 0 | 744 | 486 |
| Speakers and Gifts | 401 | 0 | 401 | 449 |
| Cleaning | 687 | 0 | 687 | 397 |
| Independent Examination Fee | 300 | 0 | 300 | 350 |
| Bible Materials | 464 | 0 | 464 | 266 |
| Creche Expenses | 68 | 0 | 68 | 190 |
| Equipment Maintenance | 150 | 0 | 150 | 109 |
| Computer Expenses | 252 | 0 | 252 | 89 |
| Kitchen Equipment | 65 | 0 | 65 | 70 |
| Courses | 303 | 0 | 303 | 60 |
| Depreciation | 556 | 11,000 | 11,556 | 11,741 |
| Flowers | 48 | 0 | 48 | 40 |
| Total Expenditure | 27,565 | 11,000 | 38,565 | 51,330 |
| Net Incoming / (Outgoing) Resources |
(2,478) | (11,000) | (13,478) | 274,064 |
| RECONCILIATION OF FUNDS | ||||
| Balances brought forward 1 June 2024 |
10,064 | 264,000 | 274,064 | 0 |
| Current Year Surplus /(Deficit) | (2,478) | (11,000) | (13,478) | 274,064 |
| Balances carried forward 31 May 2025 |
7,586 | 253,000 | 260,586 | 274,064 |
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
All transactions are derived from continuing activities.
All recognised gains and losses are included in the Statement of Financial Activities.
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Balance Sheet
As at 31 May 2025 | Registered Number: SC052708
| 2025(£) | 2024(£) | |
|---|---|---|
| FIXED ASSETS | ||
| Building (Net Book Value) | 253,000 | 264,000 |
| Mini Van (Net Book Value) | 1,668 | 2,224 |
| Total Fixed Assets | 254,668 | 266,224 |
| CURRENT ASSETS | ||
| Cash at Bank | 6,268 | 8,190 |
| Total Current Assets | 6,268 | 8,190 |
| CREDITORS(amounts due within oneyear) | ||
| Accruals and Deferred Income | (350) | (350) |
| Net Current Assets | 5,918 | 7,840 |
| Total Assets Less Current Liabilities | 260,586 | 274,064 |
| FUNDS | ||
| Unrestricted Funds | 7,586 | 10,064 |
| Building Fund | 253,000 | 264,000 |
| Total Funds | 260,586 | 274,064 |
Approved by the Board of Trustees on ……………………………… and signed on their behalf by:
Charlie McDonald – Trustee
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
Notes to the Financial Statements
For the Year Ended 31 May 2025
1. Accounting Policies
1.1 Basis of Preparation
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The trust constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared on a going concern basis in sterling.
1.2 Income
All income is included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Voluntary income including donations and gifts is included in full in the Statement of Financial Activities when receivable.
1.3 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
1.4 Funds Accounting
Unrestricted general funds are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. The Building Fund is restricted to matters relating to the church building.
1.5 Cash at Bank and in Hand
Cash at bank and in hand are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.
1.6 Depreciation
Motor vehicles: 25% reducing balance. Property: straight line over 25 years.
1.7 Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and meets the definition of a charitable company for UK corporation tax purposes. Accordingly, no provision for taxation has been made.
1.8 Going Concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient to allow the charity to continue as a going concern.
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Registered Charity No SC052708
ViZion Church | Annual Report and Financial Statements | Year Ended 31 May 2025
1.9 Judgements and Key Sources of Estimation Uncertainty
Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
2. Income from Donations
| Source | Unrestricted (£) |
Building Fund (£) |
Total 2025 (£) | Total 2024 (£) |
|---|---|---|---|---|
| Building Donation | 0 | 0 | 0 | 275,000 |
| Monthly Tithes | 8,953 | 0 | 8,953 | 9,838 |
| Monthly Church Giving | 13,234 | 0 | 13,234 | 40,556 |
| Rent Received | 2,900 | 0 | 2,900 | 0 |
| Total | 25,087 | 0 | 25,087 | 325,394 |
3. Fixed Assets
| Building (£) | Mini Van (£) | Total (£) | |
|---|---|---|---|
| NBV brought forward 1 June 2024 | 264,000 | 2,224 | 266,224 |
| Additions | 0 | 0 | 0 |
| Depreciation | (11,000) | (556) | (11,556) |
| NBV as at 31 May 2025 | 253,000 | 1,668 | 254,668 |
4. Creditors
Amounts falling due within one year:
2025 (£) Accruals and deferred income 350
5. Movement in Funds
| Fund | At 01/06/2024 (£) |
Income (£) | Expenditure (£) | At 31/05/2025 (£) |
|---|---|---|---|---|
| Unrestricted Funds | 10,064 | 25,087 | (27,565) | 7,586 |
| Building Fund | 264,000 | 0 | (11,000) | 253,000 |
| Total | 274,064 | 25,087 | (38,565) | 260,586 |
6. Trustees' Remuneration and Related Party Transactions
No trustee remuneration was paid during the year (2024: £nil). No trustees' expenses were reimbursed during the year (2024: £nil). There were no related party transactions to disclose.
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Registered Charity No SC052708