IRIS Accounts Production v25.4.12.37 Other Company accounts True false Pounds 1.6.24 31.5.25 31.5.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false false false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC303107 2024-05-31 SC303107 2025-05-31 SC303107 2024-06-01 2025-05-31 SC303107 2023-05-31 SC303107 2023-06-01 2024-05-31 SC303107 2024-05-31 SC303107 ns0:CharitableCompanyLimitedByGuarantee 2024-06-01 2025-05-31 SC303107 ns15:PoundSterling 2024-06-01 2025-05-31 SC303107 ns11:FRS102 2024-06-01 2025-05-31 SC303107 ns0:IndependentExaminationCharity 2024-06-01 2025-05-31 SC303107 ns11:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC303107 ns11:FullAccounts 2024-06-01 2025-05-31 SC303107 ns0:CharitiesSORP 2024-06-01 2025-05-31 SC303107 3 2024-06-01 2025-05-31 SC303107 ns16:EnglandWales 2024-06-01 2025-05-31 SC303107 ns11:RegisteredOffice 2024-06-01 2025-05-31 SC303107 ns0:Trustee3 2024-06-01 2025-05-31 SC303107 ns0:Trustee2 2024-06-01 2025-05-31 SC303107 ns0:Trustee4 2024-06-01 2025-05-31 SC303107 ns0:Trustee1 2024-06-01 2025-05-31 SC303107 ns0:Trustee5 2024-06-01 2025-05-31 SC303107 ns0:Trustee6 2024-06-01 2025-05-31 SC303107 ns0:TotalUnrestrictedFunds 2024-06-01 2025-05-31 SC303107 ns0:TotalRestrictedIncomeFunds 2024-06-01 2025-05-31 SC303107 ns0:Activity8 2024-06-01 2025-05-31 SC303107 ns0:Activity8 ns0:TotalUnrestrictedFunds 2024-06-01 2025-05-31 SC303107 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2024-06-01 2025-05-31 SC303107 ns0:Activity8 2023-06-01 2024-05-31 SC303107 ns0:TotalUnrestrictedFunds 2024-05-31 SC303107 ns0:TotalRestrictedIncomeFunds 2024-05-31 SC303107 ns0:TotalUnrestrictedFunds 2025-05-31 SC303107 ns0:TotalRestrictedIncomeFunds 2025-05-31 SC303107 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-05-31 SC303107 ns0:TotalRestrictedIncomeFunds ns10:WithinOneYear 2025-05-31 SC303107 ns10:WithinOneYear 2025-05-31 SC303107 ns10:WithinOneYear 2024-05-31 SC303107 1 2024-06-01 2025-05-31 SC303107 2 2024-06-01 2025-05-31 SC303107 3 2024-06-01 2025-05-31 SC303107 1 2024-06-01 2025-05-31 SC303107 1 2023-06-01 2024-05-31 SC303107 ns10:OwnedAssets 2024-06-01 2025-05-31 SC303107 ns10:OwnedAssets 2023-06-01 2024-05-31 SC303107 ns0:TotalUnrestrictedFunds 2023-06-01 2024-05-31 SC303107 ns0:TotalRestrictedIncomeFunds 2023-06-01 2024-05-31 SC303107 ns0:Activity8 ns0:TotalUnrestrictedFunds 2023-06-01 2024-05-31 SC303107 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2023-06-01 2024-05-31 SC303107 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-05-31 SC303107 ns10:LandBuildings ns10:ShortLeaseholdAssets 2024-05-31 SC303107 ns10:PlantMachinery 2024-05-31 SC303107 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 SC303107 ns10:LandBuildings ns10:ShortLeaseholdAssets 2024-06-01 2025-05-31 SC303107 ns10:PlantMachinery 2024-06-01 2025-05-31 SC303107 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2025-05-31 SC303107 ns10:LandBuildings ns10:ShortLeaseholdAssets 2025-05-31 SC303107 ns10:PlantMachinery 2025-05-31 SC303107 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-05-31 SC303107 ns10:LandBuildings ns10:ShortLeaseholdAssets 2024-05-31 SC303107 ns10:PlantMachinery 2024-05-31 SC303107 ns10:FurnitureFittings 2024-05-31 SC303107 ns10:MotorVehicles 2024-05-31 SC303107 ns10:ComputerEquipment 2024-05-31 SC303107 ns10:FurnitureFittings 2024-06-01 2025-05-31 SC303107 ns10:MotorVehicles 2024-06-01 2025-05-31 SC303107 ns10:ComputerEquipment 2024-06-01 2025-05-31 SC303107 ns10:FurnitureFittings 2025-05-31 SC303107 ns10:MotorVehicles 2025-05-31 SC303107 ns10:ComputerEquipment 2025-05-31 SC303107 ns10:FurnitureFittings 2024-05-31 SC303107 ns10:MotorVehicles 2024-05-31 SC303107 ns10:ComputerEquipment 2024-05-31 SC303107 1 2024-06-01 2025-05-31

REGISTERED COMPANY NUMBER: SC303107 (Scotland)

REGISTERED CHARITY NUMBER: SC019914

Dwelling Place Glasgow Ltd

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 May 2025

| Dwelling Place Glasgow Ltd |

Contents of the Financial Statements

for the Year Ended 31 May 2025

| 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 2025

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 2025. 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 2025

ACHIEVEMENTS 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

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

We 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.

Dwelling Place Kids and Youth

Dwelling Place Glasgow Church (DPG) provides Sunday school education for the children of our congregation and visitors. We also run a youth programme. These are areas that we hope to build upon and expand when we have our own building. We have purchased a Church building from the Church of Scotland, and when the appropriate renovation are completed this building will provide facilities to meet in mid-week where we can provide 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.

Mums support group

| Dwelling Place Glasgow Ltd (Registered number: SC303107) |

Report of the Trustees

for the Year Ended 31 May 2025

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.

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.

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 £155,233 (2024 - £101,264), following incoming resources of £428,785 (2024 - £380,676) and outgoing resources of £273,552 (2024 - £279,412). At the financial year end, the charity has net funds of £814,489 (2024 - £659,256), 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.

| Dwelling Place Glasgow Ltd (Registered number: SC303107) |

Report of the Trustees

for the Year Ended 31 May 2025

FINANCIAL REVIEW

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 actively planning and looking to the future and the expansion of our congregation, ministries and services. As previously stated, we have made an offer to the Church of Scotland for one of their unoccupied Church buildings which has been accepted. Having our own building will provide security for our congregation and its charitable ministries. Covid meant that we were unable to meet for two years as a congregation due to restrictions of meeting in a school. We have also found ourselves displaced from using Notre Dame High School for a number of reasons out with our control.

When the purchase and renovations are completed, our Goal is to concentrate all of our activities into the one building. Whilst our new facility is renovated, we will still operate out of our offices on Dumbarton Road our Store House ministry from our Linden Street facility and our Sunday service from Notre Dame school. There is a lot of work to do in the new building that will take the best part of a year to complete. Our church congregation has been generous in giving towards the purchase and renovation of the new building. Unfortunately, we will still require to take out a mortgage as well which has been granted. Once the renovation work is completed there will be substantial financial savings when we are able to consolidate all our ministries into the one building.

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 2025

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 2025

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

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 Charities 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 2025

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 14 February 2026 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 2025 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

14 February 2026

| Dwelling Place Glasgow Ltd |

Statement of Financial Activities

(Incorporating an Income and Expenditure Account)

for the Year Ended 31 May 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 2 | 198,698 |  | 215,638 |  | 414,336 |  | 369,832 |

Investment income | 3 | 3,657 |  | 10,792 |  | 14,449 |  | 10,844 |

Total | 202,355 |  | 226,430 |  | 428,785 |  | 380,676 |

EXPENDITURE ON

Charitable activities | 4

Charitable activities | 201,266 |  | 72,286 |  | 273,552 |  | 279,412 |

NET INCOME | 1,089 |  | 154,144 |  | 155,233 |  | 101,264 |

Transfers between funds | 17 | (6,051 | ) | 6,051 |  | - |  | - |

Net movement in funds | (4,962 | ) | 160,195 |  | 155,233 |  | 101,264 |

RECONCILIATION OF FUNDS

Total funds brought forward | 355,643 |  | 303,613 |  | 659,256 |  | 557,992 |

TOTAL FUNDS CARRIED FORWARD | 350,681 |  | 463,808 |  | 814,489 |  | 659,256 |

| Dwelling Place Glasgow Ltd (Registered number: SC303107) |

Balance Sheet

31 May 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 12 | 4,340 |  | 3,462 |  | 7,802 |  | 2,849 |

CURRENT ASSETS |

Stocks | 13 | - |  | 4,291 |  | 4,291 |  | 5,398 |

Debtors | 14 | 39,968 |  | 22,647 |  | 62,615 |  | 59,245 |

Cash at bank and in hand | 314,334 |  | 433,468 |  | 747,802 |  | 600,234 |

354,302 |  | 460,406 |  | 814,708 |  | 664,877 |

CREDITORS |

Amounts falling due within one year | 15 | (7,961 | ) | (60 | ) | (8,021 | ) | (8,470 | )

NET CURRENT ASSETS | 346,341 |  | 460,346 |  | 806,687 |  | 656,407 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 350,681 |  | 463,808 |  | 814,489 |  | 659,256 |

NET ASSETS | 350,681 |  | 463,808 |  | 814,489 |  | 659,256 |

FUNDS | 17

Unrestricted funds | 350,681 |  | 355,643 |

Restricted funds | 463,808 |  | 303,613 |

TOTAL FUNDS | 814,489 |  | 659,256 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 2025

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 14 February 2026 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 2025

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.

| Volunteers

| 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 2025

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.

| Freehold property - not provided

| 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 2025

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 2025

2. | DONATIONS AND LEGACIES

| 2025 |  | 2024

£ | £ |

| Donations | 328,076 |  | 277,090 |  |

| Tax on gift aid | 55,637 |  | 52,225 |  |

| Donations in kind - Storehouse | 30,623 |  | 40,517 |  |

414,336 |  | 369,832 |  |

3. | INVESTMENT INCOME

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 13,090 |  | 10,273 |  |

| Interest on Gift Aid tax | 1,359 |  | 571 |  |

14,449 |  | 10,844 |  |

4. | CHARITABLE ACTIVITIES COSTS

| Grant |

| funding of |

| Direct | activities | Support |

| Costs (see | (see note | costs (see |

| note 5) | 6) | note 7) | Totals

£ | £ | £ | £ |

| Charitable activities | 52,310 |  | 6,745 |  | 214,497 |  | 273,552 |  |

5. | DIRECT COSTS OF CHARITABLE ACTIVITIES

| 2025 |  | 2024

£ | £ |

| Dwelling Place Kids | 2,110 |  | 3,117 |  |

| Student ministry | 1,909 |  | 1,828 |  |

| Storehouse ministry activities | 1,867 |  | 2,435 |  |

| Food given - Storehouse | 35,760 |  | 44,279 |  |

| Sunday service | 10,058 |  | 9,901 |  |

| Pastoral support | 606 |  | 1,140 |  |

52,310 |  | 62,700 |  |

6. | GRANTS PAYABLE

| 2025 |  | 2024

£ | £ |

| Charitable activities | 6,745 |  | 14,195 |  |

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

| 2025 |  | 2024

£ | £ |

| Grants payable to institutions | 4,410 |  | 12,147 |  |

| Grants to institutions include £620 (2024 - £8,566) to VCUK&I, £780 (2024 - £1,076) to Hope Church, £900 (2024 - £900) to Tearfund, and £2,110 (2024 - £1,605) to other organisations.

| Dwelling Place Glasgow Ltd |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6. | GRANTS PAYABLE - continued

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

| 2025 |  | 2024

£ | £ |

| Grants payable to individuals | 2,335 |  | 2,048 |  |

7. | SUPPORT COSTS

| Governance |

| Management |  | Finance |  | costs |  | Totals

£ | £ | £ | £ |

| Charitable activities | 210,399 |  | 377 |  | 3,721 |  | 214,497 |  |

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

| Management |

| 2025 |  | 2024

| Charitable |  | Total

| activities |  | activities

£ | £ |

| Trustees' salaries | 46,209 |  | 44,809 |  |

| Trustees' social security | 4,928 |  | 4,784 |  |

| Trustees' pension contributions | 4,621 |  | 4,481 |  |

| Wages | 88,495 |  | 77,222 |  |

| Social security | 248 |  | - |  |

| Pensions | 5,044 |  | 4,507 |  |

| Office lease | 20,750 |  | 20,750 |  |

| Insurance | 5,374 |  | 2,200 |  |

| Light and heat | 11,693 |  | 11,954 |  |

| Telephone | 1,746 |  | 2,515 |  |

| Postage and stationery | 1,823 |  | 1,083 |  |

| Sundries | 6,799 |  | 6,147 |  |

| Travel | 2,236 |  | 6,200 |  |

| Training | 1,003 |  | 1,647 |  |

| Motor expenses | 4,098 |  | 3,485 |  |

| Conference expenses | - |  | 3 |  |

| Professional fees | - |  | 2,059 |  |

| Repairs and renewals | 738 |  | 381 |  |

| Bookkeeping | 1,556 |  | 807 |  |

| Depreciation of tangible and heritage assets | 3,038 |  | 3,477 |  |

210,399 |  | 198,511 |  |

| Dwelling Place Glasgow Ltd |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

7. | SUPPORT COSTS - continued

| Finance |

| 2025 |  | 2024

| Charitable |  | Total

| activities |  | activities

£ | £ |

| Bank charges | 377 |  | 160 |  |

| Governance costs |

| 2025 |  | 2024

| Charitable |  | Total

| activities |  | activities

£ | £ |

| Accountancy and payroll fees | 841 |  | 1,326 |  |

| Independent examination | 2,880 |  | 2,520 |  |

3,721 |  | 3,846 |  |

8. | NET INCOME/(EXPENDITURE)

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 3,038 |  | 3,477 |  |

| Other operating leases | 20,750 |  | 20,750 |  |

9. | TRUSTEES' REMUNERATION AND BENEFITS

| 2025 |  | 2024

£ | £ |

| Trustees' salaries | 46,209 |  | 44,809 |  |

| Trustees' social security | 4,928 |  | 4,784 |  |

| Trustees' pension contributions to money purchase schemes | 4,621 |  | 4,481 |  |

55,758 |  | 54,074 |  |

| During the year Rev J Watters, who is a director and also engaged in Ministry for the Church, received remuneration of £46,209 (2024 - £44,809) and pension contributions of £4,621 (2024 - £4,481) 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.

| Dwelling Place Glasgow Ltd |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

9. | TRUSTEES' REMUNERATION AND BENEFITS - continued

| 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 £87,100 (2024 - £22,828).

10. | STAFF COSTS

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

| 2025 |  | 2024

| Pastoral | 3 |  | 3 |  |

| Administrative | 4 |  | 3 |  |

7 |  | 6 |  |

| 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 | 229,289 |  | 140,543 |  | 369,832 |

| Investment income | 2,683 |  | 8,161 |  | 10,844 |

| Total | 231,972 |  | 148,704 |  | 380,676 |

| EXPENDITURE ON

| Charitable activities

| Charitable activities | 210,742 |  | 68,670 |  | 279,412 |

| NET INCOME | 21,230 |  | 80,034 |  | 101,264 |

| Transfers between funds | (1,000 | ) | 1,000 |  | - |

| Net movement in funds | 20,230 |  | 81,034 |  | 101,264 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 335,412 |  | 222,580 |  | 557,992 |

| TOTAL FUNDS CARRIED FORWARD | 355,642 |  | 303,614 |  | 659,256 |

| Dwelling Place Glasgow Ltd |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

12. | TANGIBLE FIXED ASSETS

| Freehold |  | Leasehold |  | Music

| property |  | improvements |  | equipment

£ | £ | £ |

| COST

| At 1 June 2024 | - |  | 67,104 |  | 5,024 |  |

| Additions | 3,462 |  | - |  | 4,529 |  |

| At 31 May 2025 | 3,462 |  | 67,104 |  | 9,553 |  |

| DEPRECIATION

| At 1 June 2024 | - |  | 67,104 |  | 5,024 |  |

| Charge for year | - |  | - |  | 189 |  |

| At 31 May 2025 | - |  | 67,104 |  | 5,213 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,462 |  | - |  | 4,340 |  |

| At 31 May 2024 | - |  | - |  | - |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 June 2024 | 19,186 |  | 12,964 |  | 11,230 |  | 115,508 |  |

| Additions | - |  | - |  | - |  | 7,991 |  |

| At 31 May 2025 | 19,186 |  | 12,964 |  | 11,230 |  | 123,499 |  |

| DEPRECIATION

| At 1 June 2024 | 18,928 |  | 10,373 |  | 11,230 |  | 112,659 |  |

| Charge for year | 258 |  | 2,591 |  | - |  | 3,038 |  |

| At 31 May 2025 | 19,186 |  | 12,964 |  | 11,230 |  | 115,697 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | - |  | - |  | 7,802 |  |

| At 31 May 2024 | 258 |  | 2,591 |  | - |  | 2,849 |  |

13. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 4,291 |  | 5,398 |  |

| Dwelling Place Glasgow Ltd |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Tax recoverable on gift aid | 55,725 |  | 52,225 |  |

| Prepayments | 6,890 |  | 7,020 |  |

62,615 |  | 59,245 |  |

15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Social security and other taxes | 1,911 |  | 1,496 |  |

| Accrued expenses | 6,110 |  | 6,974 |  |

8,021 |  | 8,470 |  |

16. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 20,750 |  | 20,750 |  |

17. | MOVEMENT IN FUNDS

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.6.24 |  | in funds |  | funds |  | 31.5.25 |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 157,143 |  | 1,989 |  | (3,951 | ) | 155,181 |  |

| New building designated | 195,000 |  | - |  | - |  | 195,000 |  |

| Storehouse unrestricted | 3,000 |  | (900 | ) | (2,100 | ) | - |  |

| Outreach unrestricted fund | 500 |  | - |  | - |  | 500 |  |

355,643 |  | 1,089 |  | (6,051 | ) | 350,681 |  |

| Restricted funds

| Grace Ministries restricted fund | 8,499 |  | (3,079 | ) | 6,000 |  | 11,420 |  |

| Children's worker fund | 22,478 |  | (10,095 | ) | - |  | 12,383 |  |

| New building | 247,445 |  | 173,789 |  | - |  | 421,234 |  |

| 4Word | 2 |  | - |  | - |  | 2 |  |

| Salary | - |  | 2,194 |  | - |  | 2,194 |  |

| Outreach restricted fund | 7,286 |  | 489 |  | - |  | 7,775 |  |

| Youth Worker restricted fund | 17,170 |  | (8,406 | ) | - |  | 8,764 |  |

| Magnitude restricted fund | 733 |  | (748 | ) | 51 |  | 36 |  |

303,613 |  | 154,144 |  | 6,051 |  | 463,808 |  |

| TOTAL FUNDS | 659,256 |  | 155,233 |  | - |  | 814,489 |  |

| Dwelling Place Glasgow Ltd |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

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 | 202,355 |  | (200,366 | ) | 1,989 |  |

| Storehouse unrestricted | - |  | (900 | ) | (900 | ) |

202,355 |  | (201,266 | ) | 1,089 |  |

| Restricted funds

| Grace Ministries restricted fund | 45,073 |  | (48,152 | ) | (3,079 | ) |

| Children's worker fund | - |  | (10,095 | ) | (10,095 | ) |

| New building | 174,149 |  | (360 | ) | 173,789 |  |

| Salary | 6,250 |  | (4,056 | ) | 2,194 |  |

| Outreach restricted fund | 679 |  | (190 | ) | 489 |  |

| Youth Worker restricted fund | 95 |  | (8,501 | ) | (8,406 | ) |

| Magnitude restricted fund | 184 |  | (932 | ) | (748 | ) |

226,430 |  | (72,286 | ) | 154,144 |  |

| TOTAL FUNDS | 428,785 |  | (273,552 | ) | 155,233 |  |

| Comparatives for 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 2025

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 | 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 |  |

| 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 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.

| Salary fund - This represents donations received towards the payment of salaries for the charity workers.

| Dwelling Place Glasgow Ltd |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

17. | MOVEMENT IN FUNDS - continued

| 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

| 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 £3,951 from the general fund to the Magnitude and Grace Ministries restricted funds, earmarked for meeting costs in relation to the foodbank and the youth trip to the Magnitude Festival.

| - the trustees transferred £2,100 from the storehouse unrestricted fund to the Grace Ministries restricted fund, earmarked for meeting costs in relation to the foodbank.

18. | RELATED PARTY DISCLOSURES

| 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 £24,693 (2024 - £23,944). She also received employer pension contributions of £2,469 (2024 - £2,394).

| 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 £20,434 (2024 - £19,815). He also received employer pension contributions of £1,022 (2024 - £991).

| As referred to in Note 10, no trustees received expenses in their capacity as trustees; £1,309 of expenses were reimbursed in their pastoral capacity (2024 - £nil).

19. | POST BALANCE SHEET EVENTS

| After the balance sheet date but prior to the approval of these financial statements, the Trustees purchased the property at Balshagray Victoria Parish Church, 218 Broomhill Drive, Glasgow, G11 7QB for £450,000 - funded in part by a mortgage provided by Kingdom Bank and the remainder by monies included in the new building restricted fund. The property is secured by a fixed charge in favour of Kingdom Bank.

| The purchase has no effect on the true and fair view of these financial statements and so is classed as a material non-adjusting post balance sheet event.

20. | 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 £9,665 (2024 - £8,988).