IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5513132022-12-31SC5513132023-12-31SC5513132023-01-012023-12-31SC5513132021-12-31SC5513132022-01-012022-12-31SC5513132022-12-31SC551313ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-31SC551313ns15:PoundSterling2023-01-012023-12-31SC551313ns11:FRS1022023-01-012023-12-31SC551313ns11:IndependentExaminationCharity2023-01-012023-12-31SC551313ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC551313ns11:FullAccounts2023-01-012023-12-31SC551313ns11:CharitiesSORP2023-01-012023-12-31SC551313ns0:Trustee12023-01-012023-12-31SC551313ns0:Trustee32023-01-012023-12-31SC551313ns0:Trustee42023-01-012023-12-31SC551313ns0:Trustee52023-01-012023-12-31SC551313ns0:Trustee62023-01-012023-12-31SC551313ns0:Trustee72023-01-012023-12-31SC551313ns0:Trustee22023-01-012023-12-31SC551313ns0:Trustee82023-01-012023-12-31SC551313ns11:RegisteredOffice2023-01-012023-12-31SC551313ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC551313ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC551313ns0:Activity82023-01-012023-12-31SC551313ns0:Activity8ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC551313ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC551313ns0:Activity82022-01-012022-12-31SC551313ns0:TotalUnrestrictedFunds2022-12-31SC551313ns0:TotalRestrictedIncomeFunds2022-12-31SC551313ns0:TotalUnrestrictedFunds2023-12-31SC551313ns0:TotalRestrictedIncomeFunds2023-12-31SC551313ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-12-31SC551313ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-12-31SC551313ns10:WithinOneYear2023-12-31SC551313ns10:WithinOneYear2022-12-31SC551313ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-01-012023-12-31SC551313ns10:FurnitureFittingsToolsEquipment2023-01-012023-12-31SC551313ns10:ComputerEquipment2023-01-012023-12-31SC55131322023-01-012023-12-31SC55131332023-01-012023-12-31SC551313ns10:OwnedAssets2023-01-012023-12-31SC551313ns10:OwnedAssets2022-01-012022-12-31SC551313ns0:TotalUnrestrictedFunds2022-01-012022-12-31SC551313ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC551313ns0:Activity8ns0:TotalUnrestrictedFunds2022-01-012022-12-31SC551313ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC551313ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-12-31SC551313ns10:FurnitureFittings2022-12-31SC551313ns10:ComputerEquipment2022-12-31SC551313ns10:FurnitureFittings2023-01-012023-12-31SC551313ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-12-31SC551313ns10:FurnitureFittings2023-12-31SC551313ns10:ComputerEquipment2023-12-31SC551313ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-12-31SC551313ns10:FurnitureFittings2022-12-31SC551313ns10:ComputerEquipment2022-12-31
REGISTERED COMPANY NUMBER: SC551313 (Scotland)
REGISTERED CHARITY NUMBER: SC47046














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Grace Church Larbert

Grace Church Larbert






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6

Notes to the Financial Statements 7 to 11

Grace Church Larbert

Reference and Administrative Details
for the Year Ended 31 December 2023



TRUSTEES I T Fannon (Retired from employment)
R J Mcdougall (Health & Saftey Professional)
R S Orr (Civil Servant (Public Relations))
Rev. A M Randall (Minister Of Religion)
R W Russell (Retired from employment)
S Shields (Retired from employment)
M L Wheeler (Retired from employment)
Rev T A Ritson (Minister Of Religion) (appointed 1.9.23)


REGISTERED OFFICE 3 Woodside Grove
Larbert
FK5 3HG


REGISTERED COMPANY NUMBER SC551313 (Scotland)


REGISTERED CHARITY NUMBER SC47046


INDEPENDENT EXAMINER Drummond Laurie CA
Unit 5 Gateway Business Park
Beancross Road
Grangemouth
Stirlingshire
FK3 8WX

Grace Church Larbert (Registered number: SC551313)

Report of the Trustees
for the Year Ended 31 December 2023


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 year ended 31 December 2023. 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).

OBJECTIVES AND ACTIVITIES
Objectives and principal activities
The principal charitable purpose of Grace Church Larbert is the advancement of Christian religion.

The charitable purposes are those registered with the Office of the Scottish Regulator (OSCR) and detailed in the GCL constitution document.

Activities and public benefit
The public preaching, teaching and pastoral support carried out by the Ministry Team of Andrew Randall and Andrew Ritson. Pastoral Care is also provided by the Elders and Deacons of GCL.

The ministry of the gospel, to children and young people in church, is done through the work of volunteers to Grace Kids (nursery/primary), Ignite (early secondary) and Illuminate (late secondary and young adults) and by 5th Larbert Boys' Brigade Company.

Everyone working with children and vulnerable people in GCL do comply with the statutory legal requirements on Safeguarding and certification, this includes all the Trustees.

All members of GCL are part of a designated care group.

Support of other charities in the UK
Support for other charities: Larbert Churches Youth Trust (LCYT); Navigators UK, OM (One Mission) UK, The Barnabas Trust, The Blythswood Trust's Christmas Shoe Box appeal, the Christian Institute, International Mission to Jewish People, Overseas Missionary Fellowship (OMF),Tearfund UK, Bo'ness Food Pantry, Street Pastors (Stirling) and the International Presbyterian Church.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Various Christian activities are under taken that are an essential part of the spiritual care for the members of the church, Public Worship, preaching. meeting for prayer, fortnightly house-based Bible studies called Connect.

GCL maintains a website for information, podcasts and downloadable resources.

FINANCIAL REVIEW
Financial position
The financial resources received by GCL in 2023 remain sufficient. This is detailed in the accounts provided. Financial surpluses are shown in all accounts. From these resources the church funds all its work, staff and employment costs, hall hire, operating costs and principal charitable activities.

GCL continues to pursue the object of providing funds for a church building.

Reserves policy
The Reserves policy operates to ensure that the church has means to cover three months operating costs.

The Trustees make donations to other charities following budget planning, listed above. All the agreed financial commitments to other charities for the year were met.

The Premises Fund is a restricted fund, and is used to hold the contributions for the Building for the Future Appeal (BftF). The funds for such, are jointly held in the CAF Bank account and the Shawbrook Bank. As detailed in the figures below.

The full details of GCL accounts and activities are provided in the accountant's inspection report attached.


Grace Church Larbert (Registered number: SC551313)

Report of the Trustees
for the Year Ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
GCL is a company limited by guarantee, registered in Scotland under company number SC551313 and a charity registered in Scotland under charity number SC047046.

The structure, governance and management of the company is set out in the Articles of Association. There are currently seven Trustees, who are therefore, Directors of the company.

Main Office Holders of the Charity are stated below:
The Minister: Andrew Randall
The Chair of GCL is Morgan Wheeler: This appointment, is required to be made annually.
Treasurer: Sam Shields (until November 2023) Ian Fannon (from November 2023)

The Charity employs Andrew Randall as Minister and employed Thomas Andrew Ritson from September 2020, as full-time Minister-in-Training for 3 years, until August 2023, and then as an Assistant Minister from 1st September 2023.

The management and financial oversight of the charity by the Trustees, was conducted at monthly meetings. A minute is taken at all meetings which includes a financial report, which is distributed for approval. Future spending obligations are determined at an annual budget meeting. The accountant's inspection report for 2022 was made available to the Trustees.

Induction and training of new trustees
The trustees review the make up of the board on a regular basis to ensure that there is a comprehensive representation of the knowledge and expertise the charity requires to carry out its charitable purpose and fulfil the governance requirements of the board.

Risk management
The trusteess have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 28 May 2024 and signed on its behalf by:





I T Fannon - Trustee

Independent Examiner's Report to the Trustees of
Grace Church Larbert

I report on the accounts for the year ended 31 December 2023 set out on pages five to eleven.

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
In connection with my examination, no matter has come to my attention :

(1) 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; 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.








Graeme Deans
The Institute of Chartered Accountants of Scotland

Drummond Laurie CA
Unit 5 Gateway Business Park
Beancross Road
Grangemouth
Stirlingshire
FK3 8WX

4 July 2024

Grace Church Larbert

Statement of Financial Activities
for the Year Ended 31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 141,056 17,211 158,267 151,510

Investment income 2 - 4,616 4,616 2,132
Total 141,056 21,827 162,883 153,642

EXPENDITURE ON
Charitable activities
Charitable Activities 126,114 5,505 131,619 110,192

NET INCOME 14,942 16,322 31,264 43,450


RECONCILIATION OF FUNDS
Total funds brought forward 182,659 1,035,938 1,218,597 1,175,146

TOTAL FUNDS CARRIED FORWARD 197,601 1,052,260 1,249,861 1,218,596

Grace Church Larbert (Registered number: SC551313)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 84,521 - 84,521 86,625

CURRENT ASSETS
Cash at bank 117,772 1,052,260 1,170,032 1,136,444

CREDITORS
Amounts falling due within one year 9 (4,692 ) - (4,692 ) (4,473 )

NET CURRENT ASSETS 113,080 1,052,260 1,165,340 1,131,971

TOTAL ASSETS LESS CURRENT LIABILITIES 197,601 1,052,260 1,249,861 1,218,596

NET ASSETS 197,601 1,052,260 1,249,861 1,218,596
FUNDS 10
Unrestricted funds 197,601 182,658
Restricted funds 1,052,260 1,035,938
TOTAL FUNDS 1,249,861 1,218,596

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


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
(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 28 May 2024 and were signed on its behalf by:





I T Fannon - Trustee





M L Wheeler - Trustee

Grace Church Larbert

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. 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.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Church Property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.


Grace Church Larbert

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
Deposit account interest 4,616 2,132

3. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Charitable Activities 66 7,198 7,264

Support costs, included in the above, are as follows:
31.12.23 31.12.22
Charitable Total
Activities activities
£    £   
Bank charges 66 91
Accountancy and legal fees 7,198 1,584
7,264 1,675

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Depreciation - owned assets 2,104 2,101

5. TRUSTEES' REMUNERATION AND BENEFITS

The trustees' were paid total remuneration of £67,055 for the year ended 31 December 2023 (2022: £45,996).

Trustees' expenses

During the year the following trustees received reimbursement of expenses totalling £4,885 (2022:- £2,095):-

Rev. A M Randall £3,817 (2022:- £2095)
Rev A Ritson £978 (2022:- £Nil)
I Fannon £90 (2002:- £Nil)

Expenses reimbursed were in relation to presbytery expenses,training, motor, travel, stationary and treasurer's expenses.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.23 31.12.22
Minister 1 1
Ministerial support 1 1
2 2

No employees received emoluments in excess of £60,000.


Grace Church Larbert

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 124,382 27,128 151,510

Investment income - 2,132 2,132
Total 124,382 29,260 153,642

EXPENDITURE ON
Charitable activities
Charitable Activities 110,192 - 110,192

NET INCOME 14,190 29,260 43,450


RECONCILIATION OF FUNDS
Total funds brought forward 168,468 1,006,678 1,175,146

TOTAL FUNDS CARRIED FORWARD 182,658 1,035,938 1,218,596

8. TANGIBLE FIXED ASSETS
Fixtures
Church and Computer
Property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 and 31 December 2023 96,960 1,604 500 99,064
DEPRECIATION
At 1 January 2023 10,674 1,604 161 12,439
Charge for year 1,939 - 165 2,104
At 31 December 2023 12,613 1,604 326 14,543
NET BOOK VALUE
At 31 December 2023 84,347 - 174 84,521
At 31 December 2022 86,286 - 339 86,625

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Social security and other taxes 2,878 2,809
Other creditors 152 80
Accrued expenses 1,662 1,584
4,692 4,473


Grace Church Larbert

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 182,659 14,942 197,601

Restricted funds
Premises Fund 1,035,938 16,322 1,052,260

TOTAL FUNDS 1,218,597 31,264 1,249,861

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 141,056 (126,114 ) 14,942

Restricted funds
Premises Fund 21,827 (5,505 ) 16,322

TOTAL FUNDS 162,883 (131,619 ) 31,264


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 168,468 14,190 182,658

Restricted funds
Premises Fund 1,006,678 29,260 1,035,938

TOTAL FUNDS 1,175,146 43,450 1,218,596

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 124,382 (110,192 ) 14,190

Restricted funds
Premises Fund 29,260 - 29,260

TOTAL FUNDS 153,642 (110,192 ) 43,450

Grace Church Larbert

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 168,468 29,132 197,600

Restricted funds
Premises Fund 1,006,678 45,582 1,052,260

TOTAL FUNDS 1,175,146 74,714 1,249,860

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 265,438 (236,306 ) 29,132

Restricted funds
Premises Fund 51,087 (5,505 ) 45,582

TOTAL FUNDS 316,525 (241,811 ) 74,714

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

12. RESTRICTED RESERVES

Premises Fund :- Used for the purchase and providing of premises