ABBEYGREEN MINISTRIES TRUST

Company limited by guarantee

Company Registration Number:
SC645441 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ABBEYGREEN MINISTRIES TRUST

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ABBEYGREEN MINISTRIES TRUST

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The purpose of the Trust is the advancement of the Christian religion in Scotland and elsewhere. It fulfils its purpose by providing resources to Christian churches and fellowships in Lesmahagow and the surrounding area which adhere to the Basis of Faith.

Political and charitable donations

Throughout the year, a number of donations were given to missionary organisations to assist them in their work of proclaiming God's word throughout the world.

Additional information

ACHIEVEMENT AND PERFORMANCE The Church buildings, manse and grounds are leased to Abbeygreen Free Church of Scotland for their use. The Trust has now given the congregation of Abbeygreen Free Church of Scotland security by providing a place to worship, with the proviso that this will cease at the point when there is evidence that tenets of the stipulated Basis of Faith have been ignored, compromised or departed from. By securing the presence of the church in the village, the Trust has continued to show its determination to provide the village with a strong biblical, reformed and evangelical presence. Namely that of a vibrant, stable and God honouring bible believing church, committed to the preaching of the Word of God.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Alexander Campbell Cowie
Richard John Graham
Alasdair Guthrie Hynd
Richard Martin
Alan Martin
Alexander Stewart McPhee
Nathan Purton
Kenneth Shaw


Secretary Richard John Graham

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 September 2024

And signed on behalf of the board by:
Name: Alexander Stewart McPhee
Status: Director

ABBEYGREEN MINISTRIES TRUST

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 34,072 26,204
Cost of sales: ( 42,260 ) ( 11,272 )
Gross profit(or loss): (8,188) 14,932
Operating profit(or loss): (8,188) 14,932
Profit(or loss) before tax: (8,188) 14,932
Profit(or loss) for the financial year: (8,188) 14,932

ABBEYGREEN MINISTRIES TRUST

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 335,500 338,096
Total fixed assets: 335,500 338,096
Current assets
Debtors: 4 0 4,368
Cash at bank and in hand: 184,662 185,887
Total current assets: 184,662 190,255
Net current assets (liabilities): 184,662 190,255
Total assets less current liabilities: 520,162 528,351
Total net assets (liabilities): 520,162 528,351
Members' funds
Profit and loss account: 520,162 528,351
Total members' funds: 520,162 528,351

The notes form part of these financial statements

ABBEYGREEN MINISTRIES TRUST

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 September 2024
and signed on behalf of the board by:

Name: Alexander Stewart McPhee
Status: Director

The notes form part of these financial statements

ABBEYGREEN MINISTRIES TRUST

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Reserves Policy - The Trustees have reviewed the level of reserves and have agreed that a sum of £15,000 should be held. These funds are held in case any major unexpected expenditure for the buildings arises.

ABBEYGREEN MINISTRIES TRUST

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

ABBEYGREEN MINISTRIES TRUST

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 335,000 8,288 0 343,288
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 335,000 8,288 0 343,288
Depreciation
At 1 January 2023 5,192 5,192
Charge for year 2,596 2,596
On disposals
Other adjustments
At 31 December 2023 7,788 7,788
Net book value
At 31 December 2023 335,000 500 0 335,500
At 31 December 2022 335,000 3,096 0 338,096

ABBEYGREEN MINISTRIES TRUST

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Other debtors 0 4,368
Total 0 4,368