REGISTERED COMPANY NUMBER: SC277902 (Scotland)

REGISTERED CHARITY NUMBER: SC036182

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Revive Community Church

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

13

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 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 principal objective of the charity is the preaching of the Christian Gospel. The Church is based in the centre of Peterhead, and is actively involved in ministering the truth of the Gospel with a desire to impact the community and the nations of the world through the demonstration of love and acceptance.

The church is known and respected in the community and beyond, and has a heart to work actively with churches and ministries locally, nationally and internationally.

Significant activities

Revive Community Church is a family church located in the centre of Peterhead. It seeks to minister the truth of the gospel through the demonstration of love and acceptance within the local community and wider region alike. The Church remains unaffiliated with any particular denomination. It favours a relational approach with likeminded ministries in both the UK and internationally building trust, confidence and thus increasing resources. Networking with pastors and leaders from within these ministries offers all parties shared support and accountability.

2024 has seen US missions on the west coast which included joint trips made by the pastors to Seattle and California. Sharon Wyllie attended a ladies convention in Arizona and Duncan Wyllie visited ministries in the Philippines. In the UK there have been trips to Manchester and Brighton.

Membership of the church has remained fairly consistent. Locally the church has continued to run and support community groups. Coffee mornings have continued at Revive Church however, due to the extensive renovations and building work being carried out throughout the year, these were held just one morning a week. The mid week art group continued to run hosting a variety of arts and crafts to cater for all. It has attracted a moderate gathering including a number of adults with special needs. Various study programmes continue to run there course during week day nights. Additional activities during the year have included a conference within the church, a number of visiting speakers, BBQ's, Christmas craft nights, and special meals.There was also a week long prayer retreat at Cortes House at which the church hosted visitors from the US and other guests.

The church has continued with Sunday morning services and mid-week evening prayer meetings. The weekly Sunday services are followed by a light buffet meal which has proved popular with church members and visitors alike. It helps provide a welcoming and hospitable atmosphere where people can fellowship.The children's ministry continues to cater for pre school age children through to the end of primary school - this facility is available for the duration of the main sermon giving children the opportunity to learn and understand the bible through craft activities and play. Visiting children and adults are always welcome. Whilst newcomers are often interested to see the work taking place inside the church members are also excited and encouraged to see the improvements and transformation.

The pastors continue to meet and counsel with members both at their home and at the much improved church premises. Following building warrant approval by the local authority the church building has continued to undergo further significant renovation work over the last twelve months.The installation of a new central heating system has begun with a gas boiler being fitted to replace the outdated oil fuelled boiler with hot air convector vents. It also removed the need for space heaters for extra heat output. New heaters and radiators have been fitted to work in conjunction with the new boiler.

A team of decorators have been in to paint the main hall and one of the completed classrooms, while new wood and laminate have been laid in the seating area of the main hall and the smaller dining hall, together with one of the classrooms. New doors have been hung throughout the building's central interiors.

Much of the sound booth was fitted out with new technical hardware including laptops and cables. Two large plasma screens have been hung at the rear of the stage for the purposes of displaying song lyrics and new sockets were incorporated into the stage floor. A new loft ladder was fitted in order to ensure safety when accessing the loft space above the smaller hall which is currently used for storage purposes. Further renovations are scheduled over the coming months including the remodelling of both ladies and men's toilets and the addition of separate disabled toilet facilities.

The commitment of Revive Church is to serve and support the community at a higher level, aiming to offer more activities and cater for all age groups. Improvements taking place at the church will equip Revive to open its doors to Peterhead in a greater capacity, by reaching the needs of the town and providing a safe place to make new friends.

Financially the church has been fortunate to receive regular donations from its membership however general donations are down by over £75,000 and Gift Aid receivable is correspondingly down by over £6,000. During the previous year it received two substantial donations totalling £63,000 which largely covered the cost of the renovations carried out. During the current there were no comparable substantial donations and the renovations have been partly funded from retained reserves brought forward. Renovation costs that extend the useful life of the building, increase its' value or adapt it for a different use have been capitalised in the accounts. Renovation costs that are considered routine maintenance or repairs that do not significantly increase the buildings value have been expensed.

Expenditure on charitable activities was largely comparable with the previous year. Hospitality costs, mission and conference costs, and related travel costs were previously included in the accounts under the heading Ministry Expenses. In the current year accounts these amounts are separately disclosed and show an increase over the previous year as the pastors visited overseas ministries and conferences and held a conference for visiting pastors, providing them with hospitality and accommodation. The pastors salaries have remained the same throughout the year however, changes in legislation mean that Employers National Insurance is now payable by the charity. The net deficit for the year was £26,385 (2023 surplus of £77,870) and retained unrestricted reserves at 31 December 2024 were £262,331 which the Trustees consider will allow the charity to meet its objectives for the foreseeable future including further structural renovation work planned to enhance the church building.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Revive Community Church (formerly Kairos Christian Outreach Centre, Peterhead) was granted a certificate of incorporation as a private company on 5 January 2005. The charity is governed by its governing document, its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

To carry out its work the church seeks to appoint effective and appropriate individuals as trustees. The Senior Pastor receives a salary and housing benefits, and during the year the trustees decided that his wife should also receive a salary for her work as company secretary. She is also active in many other areas of management within the church such as running events and dealing with administrative matters, all of which she had previously carried out on a voluntary basis. All other trustees give their time voluntarily and receive no remuneration or other benefits.

The appointment and re-election of trustees is made in accordance with the Articles of Association, with training and development as necessary to ensure the church continues to comply with OSCR, Companies House and other regulations.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC277902 (Scotland)

Registered Charity number

SC036182

Registered office

Constitution Street

Peterhead

Aberdeenshire

AB42 1SE

Trustees

Mr Peter French

Rev Duncan Wyllie

Mr Anthony Michael Spriggs

Mrs Sharon Wyllie

Ms Paula Marie Coatesworth

Ms Charlotte Rebecca Martin

Company Secretary

Mrs Sharon Wyllie

Independent Examiner

Anne McLennan

Anne McLennan

Landfall

Findon

Portlethen

Aberdeenshire

AB12 3RL

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 12 September 2025 and signed on its behalf by:

Rev Duncan Wyllie - Trustee

I report on the accounts for the year ended 31 December 2024 set out on pages six to thirteen.

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.

Anne McLennan

The Institute of Chartered Accountants of Scotland

Anne McLennan

Landfall

Findon

Portlethen

Aberdeenshire

AB12 3RL

12 September 2025

31.12.24

31.12.23

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

79,137

161,219

Investment income

2

819

1,136

Total

79,956

162,355

EXPENDITURE ON

Charitable activities

Charitable expenses

106,341

84,485

NET INCOME/(EXPENDITURE)

(26,385

)

77,870

RECONCILIATION OF FUNDS

Total funds brought forward

288,716

210,846

TOTAL FUNDS CARRIED FORWARD

262,331

288,716

31.12.24

31.12.23

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

7

218,469

200,748

CURRENT ASSETS

Debtors

8

13,466

22,457

Prepayments and accrued income

2,472

2,280

Cash at bank

30,655

66,341

46,593

91,078

CREDITORS

Amounts falling due within one year

9

(2,731

)

(3,110

)

NET CURRENT ASSETS

43,862

87,968

TOTAL ASSETS LESS CURRENT LIABILITIES

262,331

288,716

NET ASSETS

262,331

288,716

FUNDS

10

Unrestricted funds

262,331

288,716

TOTAL FUNDS

262,331

288,716

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

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

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 12 September 2025 and were signed on its behalf by:

Rev Duncan Wyllie - Trustee

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

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

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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.

2.	INVESTMENT INCOME

During the year the church received HMRC interest of £819 (2023 - £1,136) on Gift Aid received.

3.	NET INCOME/(EXPENDITURE)

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

31.12.24

31.12.23

£

£

Independent Examiner

664

674

Depreciation - owned assets

16,122

9,931

4.	TRUSTEES' REMUNERATION AND BENEFITS

31.12.24

31.12.23

£

£

Trustees' salaries

29,400

29,400

Trustees' social security

1,481

-

30,881

29,400

Trustees' expenses

The senior pastor was paid a salary of £23,400 (2023 - £23,400). During the year he and his wife also received £6,362 (2023 - £6,362 ) housing allowance and £6,036 (2023 - £5,795) towards manse utility costs.

The senior pastor's wife was paid a salary of £6,000 for company secretarial services provided during the year. She is also active in many other areas of church. No other trustees received any salary or benefits and no pension contributions were paid for any trustee.

Travel and other expenses incurred by trustees in carrying out their duties were reimbursed to them during the year.

5.	STAFF COSTS

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

31.12.24

31.12.23

Trustees

6

6

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

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

161,219

Investment income

1,136

Total

162,355

EXPENDITURE ON

Charitable activities

Charitable expenses

84,485

NET INCOME

77,870

RECONCILIATION OF FUNDS

Total funds brought forward

210,846

TOTAL FUNDS CARRIED FORWARD

288,716

7.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

127,084

101,075

9,268

2,934

240,361

Additions

-

27,022

687

6,134

33,843

At 31 December 2024

127,084

128,097

9,955

9,068

274,204

DEPRECIATION

At 1 January 2024

13,344

19,993

5,017

1,259

39,613

Charge for year

2,542

10,331

1,613

1,636

16,122

At 31 December 2024

15,886

30,324

6,630

2,895

55,735

NET BOOK VALUE

At 31 December 2024

111,198

97,773

3,325

6,173

218,469

At 31 December 2023

113,740

81,082

4,251

1,675

200,748

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

13,466

22,457

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

1,372

1,825

Accrued expenses

1,359

1,285

2,731

3,110

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

288,716

(26,385

)

262,331

TOTAL FUNDS

288,716

(26,385

)

262,331

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

79,956

(106,341

)

(26,385

)

TOTAL FUNDS

79,956

(106,341

)

(26,385

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

210,846

77,870

288,716

TOTAL FUNDS

210,846

77,870

288,716

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

162,355

(84,485

)

77,870

TOTAL FUNDS

162,355

(84,485

)

77,870

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

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

210,846

51,485

262,331

TOTAL FUNDS

210,846

51,485

262,331

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

242,311

(190,826

)

51,485

TOTAL FUNDS

242,311

(190,826

)

51,485

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.