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REGISTERED COMPANY NUMBER: SC303107 (Scotland)

REGISTERED CHARITY NUMBER: SC019914

















Dwelling Place Glasgow Ltd

Previously known as

Glasgow Vineyard

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 May 2024



Dwelling Place Glasgow Ltd








Contents of the Financial Statements

for the Year Ended 31 May 2024






Page




Report of the Trustees  

1




Independent Examiner's Report  

8




Statement of Financial Activities  

9




Balance Sheet  

10




Notes to the Financial Statements  

12




Dwelling Place Glasgow Ltd (Registered number: SC303107)



Report of the Trustees

for the Year Ended 31 May 2024



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 May 2024. 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 aims

The company's objectives are the advancement of the Christian faith including missionary activities in the United Kingdom and overseas and also including, but not limited to, the planting of new churches and organisations of congregations; the relief of the poor and needy, and those who are aged and sick; the advancement of education; such other charitable objects, and for the benefit of such other charitable bodies and institutions as the Directors shall in their absolute discretion see fit.

Public benefit

The charity meets the definition of a public benefit entity under FRS 102.



Dwelling Place Glasgow Ltd (Registered number: SC303107)



Report of the Trustees

for the Year Ended 31 May 2024


ACHIEVEMENT AND PERFORMANCE

Charitable activities

Compassion Projects
Compassion Projects seek to alleviate poverty amongst the citizens of Glasgow and beyond and comprise Storehouse, our food bank and support service, based in Anniesland and serving North and West Glasgow. Also, under the banner of Compassion, we support Tear Fund aid agency which functions in the UK as well as worldwide alleviating poverty and suffering.

Storehouse
Once again, I'm pleased to report that our Store House Ministry throughout the year has continued to supply food and meet the needs of our clients. Storehouse is our food bank and support service based in Anniesland and gives hope to many people in the City of Glasgow. Through Storehouse we help those people in our city who can't afford to look after themselves fully, providing them with food and toiletries and essential support. Many people in Glasgow are sitting on the poverty line and frequently have to choose between paying their rent/bills and buying food. As a church we want to help them to meet some of their basic needs. This year Storehouse has continued to distribute food to those in food poverty on a Saturday morning from our hall in Anniesland.

Food is provided by voluntary donations and the food bank is manned mainly by volunteers. Food collection continues to include collections from the public when shopping at Supermarkets and we have partnered with Fareshare, who provide us with weekly deliveries of food donated by food retailers and distributors.

We have a dedicated team of volunteers and conduct training sessions for new volunteers and with groups interested in setting up food banks in other parts of the city. Our links with agencies such as Social Work Departments, refugee and asylum seeker support groups, Glasgow Destitution Network, Mental Health and Addiction Services are very healthy and we have growing links with the City Council and local councillors.

Leadership Development
Leadership Development is both educational and practical and provides opportunities to serve the church and the local community through ministries that the candidates may aspire to. Training courses are an on-going part of our people development strategy.

Theology
As we have now left the Vineyard denomination, we will continue to provide theological training in house as well as through different external sources. We are in contact with online training services provided by Chroma church and we are continuing to promote theology training conducted through Westminster Theological Centre.

Gospel of Wholeness
Gospel of Wholeness is a biblical process designed to help you form a close, life-giving relationship with Jesus that releases you into more authority and effectiveness in God's Kingdom and is offered to those who wish to grow in their personal development.

Students' Ministry
Students' Ministry is primarily designed for students who attend either College or University here in Glasgow and is run by a part-time worker. The programmes it runs are aimed at engaging and developing the lives, minds and spirits of those it encounters, be they on or off-campus. We have also expanded this ministry to include international students and young adults.

Groups and activities included late-night bottled water give-aways to students outside Student Unions and Freshers' week socials; all aimed at engaging the committed, curious and unengaged alike. Training and discipleship development is one of our key student ministry functions.

Parents and Babies, Dwelling Place Kids, Mums support group and Youth
During this year we have seen the need to look for ways to enhance this ministry. In order to do this, we have
hired a part time youth worker.

Parents and Babies
This group provides a safe community environment for parents and young children from all different cultures, faiths and backgrounds. Relationship development is the key to the success of this group and it provides a key link for many newcomers to integrate into the local area.



Dwelling Place Glasgow Ltd (Registered number: SC303107)



Report of the Trustees

for the Year Ended 31 May 2024



Dwelling Place Kids
Dwelling Place Kids exists to introduce children to the Christian Faith, to equip and encourage them to explore the person and work of Jesus. Dwelling Place Kids aims, through the building of secure and safe relationships as well as sound teaching, to communicate to children that they are integral members of our community who are loved passionately by God. Our teaching also seeks to release children to live out their faith unashamedly in contemporary society. Our Kids team has done a remarkable job and we are constantly expanding this team as our numbers in terms of Children we are serving increases.

Mums support group
This has proven to be a successful support group for new mums which our children's ministry leader oversees.

Fusion Scotland
Fusion Scotland exists to help equip and support the local church in Scotland so that it can effectively love and serve the students of Scotland. Fusion is its own charity that works in partnership with Dwelling Place Glasgow to achieve its purposes and goals towards students. To this end, Dwelling Place Glasgow has provided financial and practical support to help start and facilitate this ministry in Scotland that will benefit students and Churches across the nation. Below are some of the services that are provided through our partnership.
- One-to-one consultations with church leaders and student workers around working with students
- Practical training for student workers
- Sharing and networking between the local churches
- Speaking to and encouraging students
- One-on-one consultations with youth workers around preparing young people for university life

Small groups
It is our intention to develop and expand our small group network to provide pastoral care, community and support for our congregation mid-week. These groups vary in size and interest but do provide community and care for all who would consider themselves to be part of the Dwelling Place Glasgow Church. These groups continue to be a mixture of in person and online meetings where distance is a challenge.

Interdenominational partnership
Increasingly we are seeking to work with other denominations to facilitate the advancement of Christian Charity and the advancement of the Christian faith in the Westend of Glasgow and beyond.

We have once again contacted C of S board of trustees expressing interest to purchasing any vacant church buildings that may become available in the future to foster our charitable impact. We also have a partnership with other Churches and the formation of a support network called Kingdom Legacy. As Kingdom Legacy has grown, we are now helping over fifty-one ministries from various denominations spread across the UK. We also in partnership with the Chroma church network.

Performance review
I'm pleased to report that it is the opinion of the directors the company has performed reasonably well (given the UK economic circumstances) in the year under review being able to maintain most of its existing activities. The company was able to continue to invest in most of our existing ministries.

During this past year we have continued to be able to adjust and re adjust our ministries and ways of doing things as circumstances have dictated. The Dwelling Place Glasgow has been rebuilding slowly safely and steadily and are now back to our pre Covid numbers.

Financially, the directors are satisfied with the performance of the company as it has been able to maintain reserves in line with the reserves policy whilst continuing investment in charitable activities. The directors will continue to monitor the net resources on a timely basis to ensure that the company remains a going concern.



Dwelling Place Glasgow Ltd (Registered number: SC303107)



Report of the Trustees

for the Year Ended 31 May 2024


FINANCIAL REVIEW

Financial position

The financial performance for the year and position at the year end is reflected in the appended financial statements.


The charity reported a surplus for the year of £101,264 (2023 - £28,038), following incoming resources of £380,676 (2023 - £282,819) and outgoing resources of £279,412 (2023 - £254,781). At the financial year end, the charity has net funds of £659,256 (2023 - £557,992), spread among the various funds.


Principal funding sources

The majority of the income is donations from regular church attendees.

Reserves policy

The company maintains reserves in order to cover fluctuations in income and expenditure, to allow for any unexpected major expenditure requirement, or to mitigate any decline in the overall financial environment.

The directors believe that the appropriate level of unrestricted reserves depends on the variability of income and expenditure of the company and that this should be at least 6 to 12 months of expenses based on current levels. The directors aim to review the level of reserves held, and the policy itself, on a half yearly basis.

Going concern

As stated in the accounting policies, the financial statements have been prepared on the going concern basis, as the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.


FUTURE DEVELOPMENTS

Buildings and facilities

We are still actively planning and looking to the future and the expansion of our congregation and ministries and services.  As we do, we are continuing to look for alternative premises for our offices and Sunday Worship venue.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company is limited by guarantee and is a charity registered with the Office of the Scottish Charity Regulator with charity number SC019914. The charity was formed under a Memorandum & Articles of Association which establishes its objectives and powers.


Recruitment and appointment of new trustees

New directors are appointed when appropriate. Suitable candidates, who are generally selected from the regular attendees of the Church, are considered on the basis of their skills and experience. New directors have the opportunity of reviewing appropriate documents including accounts as part of an induction process.

Organisational structure

The day to day running of the company is delegated to the employed pastoral and administrative staff led by the senior pastor J A Watters. The directors meet regularly to discuss and approve relevant matters.



Dwelling Place Glasgow Ltd (Registered number: SC303107)



Report of the Trustees

for the Year Ended 31 May 2024



STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The directors have reviewed the risks associated with the charity. The main risks identified are incapacity of staff, computer failure, child protection issues, health and safety issues and loss of income.

The following steps are in place to mitigate them:

Incapacity of the Senior Pastor - in the short term the Leadership team will take over the pastoral duties of the church while the directors will ensure the company's continuity until such time as the appointment of a new Senior Pastor can be recruited and installed. Incapacity of other staff members will be initially covered within office until a new staff member is appointed.

Computer failure - records are backed-up regularly and copies are stored off-site. Payroll services are outsourced and therefore there is no risk of staff salaries not being paid.

Child protection - all volunteers and staff working alongside vulnerable people (e.g. children) are required to complete a police disclosure check. The company also has in place various guidance for volunteers and parents for the use of the Dwelling Place kids facilities provided during the Sunday morning services.

Health and safety - Insurance covers premises and contents. In the event of office closure, the offices would relocate to the company's Linden Street building in the short term until such time as new office space was purchased or rented. The company also has public liability insurance cover in the event that anyone gets injured during one of the company's activities.

In order to mitigate risks to the Company the directors have systems of internal control which are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. These include:
- an annual budget approved by the directors;
- regular consideration by the directors of the financial results;
- delegation of authority and segregation of duties; and
- identification and management of risks.

The directors aim to review on a regular basis the main risks which the Company faces. They believe that maintaining free reserves at the levels stated in the reserves policy, combined with appropriate reviews of the controls over key financial systems will provide sufficient resources in the event of unexpected adverse conditions. The directors are also of the opinion that adequate systems are in place to mitigate any significant matters arising from operational and business risks.

The directors are pleased to confirm that the Company's internal financial controls, in particular, conform to guidelines issued by the Charity Commission.

Business Review

The directors consider the state of affairs of the company at the year end to be very healthy for its age and stage.


REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC303107 (Scotland)


Registered Charity number

SC019914


Registered office

89 Dumbarton Road

Glasgow

G11 6PW




Dwelling Place Glasgow Ltd (Registered number: SC303107)



Report of the Trustees

for the Year Ended 31 May 2024


Trustees

Mrs G Fowler

M J Stewart

K Willis

J Watters

A Beveridge (resigned 1.8.24)

S Barber (appointed 17.6.24)


Senior Pastor

Linda Watters


Independent Examiner

Alun Johnstone B.Acc CA

Gillespie & Anderson

147 Bath Street

Glasgow

G2 4SN


Bankers

Bank of Scotland

112 Main Street

Barrhead

Glasgow

G78 1RD


CHANGE OF NAME

The charitable company passed a special resolution on 23 May 2024 changing its name from Glasgow Vineyard to Dwelling Place Glasgow Ltd.



STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Dwelling Place Glasgow Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner
Independent Examiner, Alun Johnstone B.Acc CA, of Gillespie & Anderson, Chartered Accountants, has expressed a willingness to continue in office.



Dwelling Place Glasgow Ltd (Registered number: SC303107)



Report of the Trustees

for the Year Ended 31 May 2024


This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by:






J Watters - Trustee


Independent Examiner's Report to the Trustees of

Dwelling Place Glasgow Ltd (Registered number: SC303107)


I report on the accounts for the year ended 31 May 2024 set out on pages nine to twenty three.


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.









Alun Johnstone B.Acc CA

The Institute of Chartered Accountants of Scotland


Gillespie & Anderson

147 Bath Street

Glasgow

G2 4SN


30 January 2025



Dwelling Place Glasgow Ltd



Statement of Financial Activities

(Incorporating an Income and Expenditure Account)

for the Year Ended 31 May 2024



2024


2023


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

229,289


140,543


369,832


279,462



Investment income

3

2,683


8,161


10,844


3,357


Total

231,972


148,704


380,676


282,819



EXPENDITURE ON

Charitable activities

4

Charitable activities

210,742


68,670


279,412


254,781



NET INCOME

21,230


80,034


101,264


28,038


Transfers between funds

17

(1,000

)

1,000


-


-


Net movement in funds

20,230


81,034


101,264


28,038



RECONCILIATION OF FUNDS

Total funds brought forward

335,412


222,580


557,992


529,954



TOTAL FUNDS CARRIED FORWARD

355,642


303,614


659,256


557,992




Dwelling Place Glasgow Ltd (Registered number: SC303107)



Balance Sheet

31 May 2024



2024


2023


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

12

2,849


-


2,849


6,326



CURRENT ASSETS


Stocks

13

-


5,398


5,398


7,342


Debtors

14

49,891


9,354


59,245


45,704


Cash at bank and in hand

311,373


288,861


600,234


506,766


361,264


303,613


664,877


559,812



CREDITORS


Amounts falling due within one year

15

(8,470

)

-


(8,470

)

(8,146

)


NET CURRENT ASSETS

352,794


303,613


656,407


551,666



TOTAL ASSETS LESS CURRENT

LIABILITIES

355,643


303,613


659,256


557,992



NET ASSETS

355,642


303,614


659,256


557,992


FUNDS

17

Unrestricted funds

355,642


335,412


Restricted funds

303,614


222,580


TOTAL FUNDS

659,256


557,992



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.



Dwelling Place Glasgow Ltd (Registered number: SC303107)



Balance Sheet - continued

31 May 2024


These financial statements have been prepared in accordance with the provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2025 and were signed on its behalf by:






J Watters - Trustee






M J Stewart - Trustee



Dwelling Place Glasgow Ltd



Notes to the Financial Statements

for the Year Ended 31 May 2024


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.



Statutory information


Dwelling Place Glasgow Ltd is a charitable company, limited by guarantee, registered in Scotland. The registered company number, the registered charity number and the registered office can be found under Reference and Administrative Details within the Report of the Trustees.



Presentation currency


The financial statements are presented in sterling which is the functional currency of the charity.



Going concern


The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. There are sufficient cash resources and reserves at the year end.



Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on a historical experience and other factors that are considered to be relevant. Actual results may differ from estimated.

The estimated and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The significant items in the financial statements where these judgements are required (and the factors in play) include debtors (likelihood of recovery), fixed assets (depreciation rates & useful lives), stock and donations in kind valuations and the going concern basis of accounting.


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. The following specific policies are applied to particular categories of income:



- Donations and legacies are received by way of grants, donations, gifts and are included in full in the Statement of Financial Activities when receivable.



- Tax recoverable on Gift Aid donations is accounted for on the accruals basis;



- Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant;



- In the case of donations for the Storehouse foodbank ministry, these are valued at market value when received;



- Investment income is included when receivable.



The value of services provided by volunteers are not reflected in the financial statements.




Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


1.

ACCOUNTING POLICIES - continued



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 includes any VAT which cannot be recovered, and has been classified under headings that aggregate all cost related to the category.  VAT is reported as part of the expenditure to which it relates.  Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



- Charitable activities comprise all resources expended undertaking work to meet the charity's objectives;



- Governance costs include resources expended in the general running of the charity and are primarily associated with constitutional and statutory requirements;



- Gifts of food provided by the Storehouse foodbank ministry are recognised at market value when they are made.



Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.



Charitable activities


Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.



Governance costs


Governance costs are primarily associated with constitutional and statutory requirements and relate solely to examination fees and charges levied in relation to the payroll preparation.



Support costs

Support costs are allocated wholly to charitable activities. Whilst the Trustees recognise that a small part of some items of expenditure included in support costs do relate to indirect governance costs, they are of the opinion that the time and costs involved in performing such an analysis outweigh the potential benefits arising from any such work.


Tangible fixed assets

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



Leasehold improvements

-

25% on cost


Music equipment

-

25% on cost


Fixtures and fittings

-

25% on cost


Motor vehicles

-

20% on cost


Computer equipment

-

33% on cost


Factors such as a change in how an asset is used, significant unexpected wear and tear, technological advancement, and changes in market prices may indicate that the residual value or useful life of an asset has changed since the most recent annual reporting date. If such indicators are present, the company will review its previous estimates and, if current expectations differ, amend the residual value, depreciation method or useful life, accounting for such revisions as a change in an accounting estimate.

It is the policy of the organisation not to capitalise items under £500 unless they are obviously capital in nature.


Stocks

The stock of food and other items held by Storehouse food bank at the end of the year is valued by multiplying the average value of "baskets" given out by the number of "baskets" held at the end of the year.



Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


1.

ACCOUNTING POLICIES - continued



Stocks


This basis is also used to value donations in kind received for Storehouse and "baskets" given out during the year i.e. taking the number of "baskets" given out during the year and multiplying this by the average value.


Taxation

As the company has charitable status no provision for corporation tax is required.


Fund accounting

The unrestricted income funds are available for the use at the discretion of the Trustees in furtherance of the general objectives of the charity.

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.


Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.


Pension costs and other post-retirement benefits


The company operates a defined contribution scheme for the benefit of its employees. Contributions payable  are charged to the Statement of Financial Activities in the year they are payable, with the assets of the scheme held separately in an independently administered fund.



Employment benefits


The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.



Financial instruments

The charity has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, debtors are stated at cost less losses for bad debts.

Creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, creditors are stated at cost.

Business review
The charity is classed as a small company under the Companies Act 2006 and is therefore exempt from the
requirement to prepare a business review.

Provision for liabilities
A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.



Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


2.

DONATIONS AND LEGACIES


2024


2023

£   

£   



Donations

277,090


209,880




Tax on gift aid

52,225


37,936




Donations in kind - Storehouse

40,517


31,646



369,832


279,462




3.

INVESTMENT INCOME


2024


2023

£   

£   



Deposit account interest

10,273


3,330




Interest on Gift Aid tax

571


27



10,844


3,357




4.

CHARITABLE ACTIVITIES COSTS


Grant



funding of



Direct

activities

Support



Costs (see

(see note

costs (see



note 5)

6)

note 7)

Totals

£   

£   

£   

£   



Charitable activities

62,700


14,195


202,517


279,412




5.

DIRECT COSTS OF CHARITABLE ACTIVITIES


2024


2023

£   

£   



Dwelling Place Kids

3,117


3,125




Student ministry

1,828


1,666




Storehouse ministry activities

2,435


8,232




Food given - Storehouse

44,279


31,791




Sunday service

9,901


8,023




Pastoral support

1,140


1,149




4Word expenses

-


1,010



62,700


54,996




6.

GRANTS PAYABLE


2024


2023

£   

£   



Charitable activities

14,195


13,393




The total grants paid to institutions during the year was as follows:



2024


2023

£   

£   



Grants payable to institutions

12,147


9,785





Grants to institutions include £360 (2023 - £360) to Fusion; £8,566 (2023 - £7,455) to VC UK&I; £900 (2023 - £1,250) to Tearfund, and £2,321 (2023 - £720) to other organisations.



Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


6.

GRANTS PAYABLE - continued



The total grants paid to individuals during the year was as follows:



2024


2023

£   

£   



Grants payable to individuals

2,048


3,608




7.

SUPPORT COSTS


Governance



Management


Finance


costs


Totals

£   

£   

£   

£   



Charitable activities

198,511


160


3,846


202,517





Support costs, included in the above, are as follows:




Management



2024


2023


Charitable


Total


activities


activities

£   

£   



Trustees' salaries

44,809


44,809




Trustees' social security

4,784


4,567




Trustees' pension contributions

4,481


2,987




Wages

77,222


74,421




Pensions

4,507


3,288




Office lease

20,750


20,750




Insurance

2,200


2,150




Light and heat

11,954


7,918




Telephone

2,515


2,450




Postage and stationery

1,083


581




Sundries

6,147


3,320




Travel

6,200


3,386




Training

1,647


2,532




Motor expenses

3,485


3,156




Conference expenses

3


1,188




Professional fees

2,059


445




Repairs and renewals

381


742




Bookkeeping

807


1,142




Depreciation of tangible and heritage assets

3,477


3,479



198,511


183,311




Finance



2024


2023


Charitable


Total


activities


activities

£   

£   



Bank charges

160


114





Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


7.

SUPPORT COSTS - continued


Governance costs



2024


2023


Charitable


Total


activities


activities

£   

£   



Accountancy and payroll fees

1,326


567




Independent examination

2,520


2,400



3,846


2,967




8.

NET INCOME/(EXPENDITURE)



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




2024


2023

£   

£   



Depreciation - owned assets

3,477


3,479




Other operating leases

20,750


20,750




9.

TRUSTEES' REMUNERATION AND BENEFITS


2024


2023

£   

£   



Trustees' salaries

44,809


44,809




Trustees' social security

4,784


4,567




Trustees' pension contributions to money purchase schemes

4,481


2,987



54,074


52,363





During the year Rev J Watters,  who is a director and also engaged in Ministry for the Church, received remuneration of £44,809 (2023 - £44,809) and pension contributions of £4,481 (2023 - £2,987) in respect of his Ministry work for the church.



The salary for Rev J Watters is reviewed annually by the other directors in his absence and is based on appropriate salary scales and other relevant factors determined by Dwelling Place Glasgow directors. This salary is authorised under section 5.(b)(v) of the Memorandum of Association. No other trustee received any remuneration.



Trustees' expenses



No Trustee (or their spouses where appropriate) received any reimbursed expenses during this or the prior year in their capacity as Trustee.



Trustees' Donations



During the year, the aggregate amount of donations made to the charity by trustees (and their spouses where appropriate) was £18,608 (2023 - £34,431).




Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


10.

STAFF COSTS



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



2024


2023


Pastoral

3


3




Administrative

3


4



6


7





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


11.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

195,904


83,558


279,462




Investment income

683


2,674


3,357



Total

196,587


86,232


282,819




EXPENDITURE ON


Charitable activities


Charitable activities

201,467


53,314


254,781




NET INCOME/(EXPENDITURE)

(4,880

)

32,918


28,038



Transfers between funds

(3,000

)

3,000


-



Net movement in funds

(7,880

)

35,918


28,038




RECONCILIATION OF FUNDS


Total funds brought forward

343,292


186,662


529,954




TOTAL FUNDS CARRIED FORWARD

335,412


222,580


557,992





Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


12.

TANGIBLE FIXED ASSETS


Fixtures


Leasehold


Music


and


improvements


equipment


fittings

£   

£   

£   



COST


At 1 June 2023 and 31 May 2024

67,104


5,024


19,186




DEPRECIATION


At 1 June 2023

67,104


5,024


18,671




Charge for year

-


-


257




At 31 May 2024

67,104


5,024


18,928




NET BOOK VALUE


At 31 May 2024

-


-


258




At 31 May 2023

-


-


515





Motor


Computer



vehicles


equipment


Totals

£   

£   

£   



COST


At 1 June 2023 and 31 May 2024

12,964


11,230


115,508




DEPRECIATION


At 1 June 2023

7,780


10,603


109,182




Charge for year

2,593


627


3,477




At 31 May 2024

10,373


11,230


112,659




NET BOOK VALUE


At 31 May 2024

2,591


-


2,849




At 31 May 2023

5,184


627


6,326




13.

STOCKS

2024

2023


£   

£   



Stocks

5,398


7,342




14.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Other debtors

-


300




Tax recoverable on gift aid

52,225


37,937




Prepayments

7,020


7,467



59,245


45,704






Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


15.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Social security and other taxes

1,496


1,581




Accrued expenses

6,974


6,565



8,470


8,146




16.

LEASING AGREEMENTS



Minimum lease payments under non-cancellable operating leases fall due as follows:


2024

2023


£   

£   



Within one year

20,750


20,750




17.

MOVEMENT IN FUNDS


Net


Transfers




movement


between


At



At 1.6.23


in funds


funds


31.5.24


£   

£   

£   

£   



Unrestricted funds


General fund

134,912


22,131


100


157,143




New building designated

195,000


-


-


195,000




Storehouse unrestricted

-


(900

)

3,900


3,000




Crisis designated fund

5,000


-


(5,000

)

-




Outreach unrestricted fund

500


-


-


500



335,412


21,231


(1,000

)

355,643




Restricted funds


Grace Ministries restricted fund

11,282


(3,783

)

1,000


8,499




Children's worker fund

31,737


(9,259

)

-


22,478




New building

174,039


73,406


-


247,445




4Word

2


-


-


2




Outreach restricted fund

5,520


1,766


-


7,286




Youth Worker restricted fund

-


17,170


-


17,170




Magnitude restricted fund

-


733


-


733



222,580


80,033


1,000


303,613




TOTAL FUNDS

557,992


101,264


-


659,256





Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


17.

MOVEMENT IN FUNDS - continued



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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

231,972


(209,841

)

22,131




Storehouse unrestricted

-


(900

)

(900

)


231,972


(210,741

)

21,231




Restricted funds


Grace Ministries restricted fund

53,208


(56,991

)

(3,783

)



Children's worker fund

32


(9,291

)

(9,259

)



New building

75,636


(2,230

)

73,406




Outreach restricted fund

1,766


-


1,766




Youth Worker restricted fund

17,170


-


17,170




Magnitude restricted fund

892


(159

)

733



148,704


(68,671

)

80,033




TOTAL FUNDS

380,676


(279,412

)

101,264






Comparatives for movement in funds



Net


Transfers




movement


between


At



At 1.6.22


in funds


funds


31.5.23


£   

£   

£   

£   



Unrestricted funds


General fund

112,792


(3,980

)

26,100


134,912




New building designated

225,000


-


(30,000

)

195,000




Storehouse unrestricted

-


(900

)

900


-




Crisis designated fund

5,000


-


-


5,000




Outreach unrestricted fund

500


-


-


500



343,292


(4,880

)

(3,000

)

335,412




Restricted funds


Grace Ministries restricted fund

12,420


(4,138

)

3,000


11,282




Children's worker fund

-


31,737


-


31,737




New building

168,519


5,520


-


174,039




4Word

1,008


(1,006

)

-


2




Outreach restricted fund

4,715


805


-


5,520



186,662


32,918


3,000


222,580




TOTAL FUNDS

529,954


28,038


-


557,992





Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


17.

MOVEMENT IN FUNDS - continued



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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

196,587


(200,567

)

(3,980

)



Storehouse unrestricted

-


(900

)

(900

)


196,587


(201,467

)

(4,880

)



Restricted funds


Grace Ministries restricted fund

46,616


(50,754

)

(4,138

)



Children's worker fund

32,500


(763

)

31,737




New building

5,545


(25

)

5,520




4Word

4


(1,010

)

(1,006

)



Outreach restricted fund

1,567


(762

)

805



86,232


(53,314

)

32,918




TOTAL FUNDS

282,819


(254,781

)

28,038





Purposes of funds



Unrestricted funds


General fund - To receive the normal income and pay the normal running expenses of the charity.



New Building Designated fund - This is an unrestricted fund set up by the trustees, earmarked for the purchase, extension and furnishing of a new church building.



Storehouse unrestricted fund - This is an unrestricted fund set up by the trustees, earmarked for meeting the costs of the food bank.



Crisis Designated fund - This is an unrestricted fund set up by the trustees, earmarked for helping church members in difficulties due to the COVID-19 pandemic.



Outreach unrestricted fund -  This is an unrestricted fund set up by the trustees, earmarked for promoting and exploring Christianity and educational courses such as Alpha as well as various forms of evangelism.




Restricted funds


Grace Ministries restricted fund - To receive specific income received in connection with the food bank and meet expenses directly related to this.



Children's worker fund - To receive specific income in connection with increasing the hours of our children's worker to facilitate more pastoral visits and teaching events with parents and children.



New Building fund - This represents donations received towards the purchase, extension and furnishing of a new church building.



4Word fund - This represents donations received towards the running costs of the 4Word project which runs the Maryhill Youth Theatre.



Outreach restricted fund -  To receive specific income for promoting and exploring Christianity and educational courses such as Alpha as well as various forms of evangelism.



Youth worker restricted fund - represents donations received towards the salary of the youth worker



Dwelling Place Glasgow Ltd



Notes to the Financial Statements - continued

for the Year Ended 31 May 2024


17.

MOVEMENT IN FUNDS - continued




Magnitude restricted fund - represents donations received towards the costs of the youth trip to Magnitude Festival.



Transfers between funds



During the year, the trustees approved transfers between funds, all within the objectives of the "donating" fund:



- the trustees transferred £1,000 from the Crisis designated fund to the Grace Ministries restricted fund, earmarked for meeting costs in relation to the foodbank.



- the trustees transferred £100 from the Crisis designated fund to the General fund, earmarked for meeting costs in relation to general charitable activities.



- the trustees transferred £3,900 from the Crisis designated fund to the Grace Ministries designated fund, earmarked for meeting costs in relation to the foodbank.


18.

RELATED PARTY DISCLOSURES


Included in grants paid to organisations, the sum of £8,566 (2023 - £7,455) was paid during the year to VCUKI and churches associated with VCUKI.

L Watters, Senior Pastor, is the wife of a trustee, Rev J Watters, and carries out pastoral and other duties for the church. During the year she received remuneration of £23,944 (2023 - £23,944). She also received employer pension contributions of £2,394 (2023 - £1,596).

P Fowler is the husband of a trustee, G Fowler, and carries out pastoral and other duties for the church. During the year, he received remuneration of £19,815 (2023 - £23,913). He also received employer pension contributions of £991 (2023 - £1,196).

As referred to in Note 10, no trustees received expenses in their capacity as trustees; £nil of expenses were reimbursed in their pastoral capacity (2023 - £2,063).

19.

PENSION COMMITMENTS



The company operates a defined contribution pension scheme, the assets of which are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable to the fund and amounted to £8,988 (2023 - £6,275).