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← Bearsden Baptist Church

2024-12-31-accounts

Bearsden Baptist Church

Accounts and Report for the Year ended 31 March 2024

Scottish Charity Number SC000304

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Contents

Reference & Administrative Details 1
Trustees’ Report 2 - 6
Independent Examiner’s Report to the Trustees 7
Statement of Financial Activities 8
Balance Sheet 9
Income and Expenditure Account 10
Capital Funds 11
Notes to the Accounts 12 - 19

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Reference and Administrative Details

Principal Address

Bearsden Baptist Church 14 Roman Road Bearsden G61 2SL

Bankers

Clydesdale Bank plc 32 Sylvania Way South Clydebank G81 1RP

Solicitors

Diakoneo Legal Services Limited 48 Speirs Wharf Glasgow G4 9TH

Independent Examiners

Azets Audit Services Titanium 1 King’s Inch Place Renfrew PA4 8WF

Page 1

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Trustees’ Report

The Deacons are pleased to present their report and accounts for the year ended 31 March 2024.

Status of Charity and Governing Document

Bearsden Baptist Church is established by Constitution. The Church is a Scottish charity UVA (number SC000304) and is recognised by H M Revenue and Customs under reference number (CR41145). The Church is congregational in policy and is affiliated to the Baptist Union of Scotland and the Evangelical Alliance. On the 31st March 2024 the Church changed its constitution and legal structure to Bearsden Baptist Church SCIO, Scottish charity (number SC052915) and HMRC number (120/EE 76102).

Church Objectives

The aims of the Church are as follows:

To glorify God in all that we do collectively as a Christian fellowship and individually for the corporate life of our church, for individual life, for our neighbourhood and beyond our neighbourhood.

Office Bearers

The Office Bearers who served during the year and since the year end are as follows:

Minister Secretary Treasurer Clerk to the Deacons

Trustees

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Page 2

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Trustees’ Report [continued]

Structure, Governance and Management

Appointment of Office Bearers

Deacons are elected by the Church membership for a fixed term of four years. New Deacons are provided with a copy of the Church constitution and all policy statements agreed by the Church meetings. All deacons are appointed as trustees by virtue of their position. The positions of Church Secretary and Treasurer are required to be approved by the Church in a Church meeting. Deacons retire from the office of trustee on leaving the Deacons' Court.

Administrative Structure

The Deacons are responsible for the overall administration of the Church.

Statement on Risk

The Deacons continually review and assess the major strategic, operational and financial risks to which the church is exposed on an ongoing basis. From this review they continue to update and establish procedures to mitigate those risks which are identified as a result of this review. The main risks that have been identified in this review are - direction and forward planning of the charity; children, youth and vulnerable people; catering; playgroup; personnel; financial controls; and faithbased charity activities. For each of these risks, procedures have been put in place to mitigate and reduce the associated risk.

Principal Activities

The Church's principal activities are as undernoted and in addition the Church seeks to pastorally support those normally associated with the various activities through regular virtual meetings, emails, telephone calls, cards and home visits.

Sunday morning and evening services of worship

The church holds morning services each Sunday and occasional evening Sunday services with a particular emphasis on prayer. The services provide an opportunity for participation in the corporate life of the church. Services provide for corporate worship, prayer, teaching and the enabling of members for works of service. The morning service is broadcast on Live Stream.

Home group meetings called Small Groups

Midweek meetings fulfil the same role as the Sunday gatherings while additionally providing a setting that facilitates discussion, mutual encouragement, support and mission opportunities.

Whole church prayer meetings

These allow aspects in the life of the church, the local community and worldwide to be prayerfully submitted to God.

A range of regular activities for different youth age groups

Sunday school activities called Kidzone operate for all school-age children during Sunday morning services. Activities for secondary school age groups called Catalyst also take place during the morning service and at other times encompassing a range of social events designed to encourage consideration of all aspects of the Christian faith and practice and issues confronting the world.

Community support to young and pregnant mothers

The church operates a weekly mothers and toddlers group called Bumps and Bundles which provides a support and social network for young mothers.

Page 3

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Trustees’ Report [continued]

Support for others involved in like-minded activities throughout the world

The church supports the Baptist Union of Scotland and the Baptist Missionary Society and our own members involved in short and long-term mission work overseas. The church also supports other mission-related organisations through specific fundraising initiatives.

Community support to senior citizens

The church provides a social and support network for local senior citizens on a fortnightly basis called Lunchbreak, The Church also runs a regular programme of services in local Care Homes.

Community support to families

From time to time the church provides support to the local community through a programme designed to enhance the quality of married life and a course dealing with the issues of parenting. “Peaceful Parenting” activities are also on offer.

Community support to the community

The Church provides a non-profit café one afternoon each week called the Well-come Café, which is part of the Renew Wellbeing Charity. It seeks to draw alongside people struggling with loneliness and various aspects of mental health by providing a place where everyone is accepted and ‘it is ok to not be ok’.

Provision of premises to other community groups

The church lets the premises to other organisations that have a need, provided the objectives and practices are not incompatible with the church's own objectives and regulations. A range of groups use our premises on that basis.

Provision of open garden area

The church gardens are maintained by a group within the church. The Church supports the Quiet Garden Movement, and the gardens are open to the public, offering a tranquil, open space to ‘slow down, breathe and refresh’.

Community Development

The Church site is the historic location of a Roman Fort. The Church works with the Antonine Wall Project to enhance community awareness of and access to this historic site.

Prison Ministry

The Church supports this work and assists in the provision of relevant study groups when permitted within this establishment.

Achievements and Performance

We have continued to support all the activities relevant to our mission of making everyone welcome as we seek to serve God in our community. We have seen an increasing number attending our services and other events and we are indebted to our loyal staff and ever-willing volunteers who assist in enabling us to play our part in God’s plan.

Page 4

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Trustees’ Report [continued]

The Church Secretary presents a full written report on the Church and its activities during the year at the Church Annual General Meeting. It has been a time of significant change for the Church with the retirement on 8th April 2024 of our long time Pastor, the . We wish him and his wife every blessing in the days ahead. We now look forward excitedly and expectantly as we call the from Cape Town, South Africa to be our new Pastor from 1st July 2024.

Financial Review

Principal sources of funds

The church’s activities are dependent on the giving of its members and related Gift Aid tax recovery. In addition to specific offerings for supported organisations such as Tear Fund, the church organises events such as concerts and coffee mornings which generate funds for specific external organisations or disaster appeals. The full amount raised is passed to those organisations or appeals. A convenient amount of income is generated from property lets.

Grant Making Policy

The church makes grants from its tithed gift income to individuals and ministry organisations that are known to the Deacons and church members. The beneficiaries are involved in activities or ministries compatible with the church’s objectives.

Results for the year

The income and expenditure account on page 10 shows a combined net surplus in the General Fund for the year of £8,636 [2023 - £33,250 surplus] before transfers. The Statement of Financial Activities on page 8 indicates net income from all funds of £4,796 [2023 – £29,393 net income].

Reserves Policy

It is the policy of the Church to maintain unrestricted funds, i.e. unrestricted funds not committed or invested in fixed assets, at a level which equates to approximately three months’ unrestricted expenditure. This allows sufficient funds to enable the ongoing work of the Church to be maintained. Unrestricted funds per the General Fund at 31 March 2024 amounted to £126,442 [2023 - £117,806].

The funds of the church are held with institutions approved by the Deacons.

Statement of Trustees’ Responsibilities with respect to the Financial Statements

Under legislation relating to charities in Scotland, the Trustees are required to prepare financial statements for each financial year that give a true and fair view of the state of the church’s affairs and of its incoming resources and application of resources, including its surplus or deficit for that year. The Trustees are responsible for ensuring that these accounts have been properly prepared from and are in agreement with the accounting records of the church and comply with relevant disclosure requirements.

In preparing these financial statements the Trustees are required to:

Page 5

Be8r8den Baptist Church Accounts and Report for the Yer emded 31 Amarch 2024 'I'rusees' Report Icontinuedl StJlemeTr¢ of Tru51tt5' RNponsibiliftes n%pect to ike Flnandal S(atements (£onrfDued) The TruM(eey are responsible rot kwing pn)Fer ￿0￿nting Tecords B,hieh disclose with reason&ble accuracy at any tllne the Church's financial wsi=ion and 0￿￿1¢ ihe TnLSiCC% to that tl?c f1nJnci&l St￿l￿nents LIFmply with thc rcquirLYncnls c.l ihe Chanttes and Trustee Invesmient (Scoilandl Acl ?11115 and the C'.harities lccounLS {Scotliindl Regulation.% ?JKkn. 'lll￿ "I'nL8iee9 &1%1? have rcipnn.%ihility fthr taking iuch a% arc rcay)nably (y to lh(￿ w ￿tegUar{l the ChurLh's asset5 nd to ￿V¢￿t and dc1￿1 frdud and oikn Illcgulariii￿. Dw:2 k/> P4￿6

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Independent Examiner’s Report to the Trustees

I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 8 to 19.

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. The charity 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 Independent Examiner’s Statement

My examination is 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 seeks explanations from the 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 the course of my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:-

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.

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Azets Audit Services Titanium 1 King’s Inch Place Renfrew PA4 8WF

Date: 28/3/25

Page 7

Bearsden Baptist Church Statement of Financial Activities For the year ended 31 March 2024

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----- Start of picture text -----
Unrestricted Funds
Designated Restricted 2024 2023
General Funds Funds Total Total
Note £ £ £ £ £
Income and endowments from:
Donations and legacies 2 209,427 - - 209,427 219,222
Charitable activities 3 16,628 - - 16,628 18,600
Total income and endowments 226,055 - - 226,055 237,822
Expenditure on:
Charitable activities 4 215,619 - - 215,619 202,712
Other 7 1,800 3,840 - 5,640 5,717
Total expenditure 217,419 3,840 - 221,259 208,429
Net income/(expenditure) 8,636 (3,840) - 4,796 29,393
Transfers between funds 14 - - - - -
Net movement in funds 8,636 (3,840) - 4,796 29,393
Balance b/fwd at 1 April 2023 117,806 1,106,461 - 1,224,267 1,194,874
Balance c/fwd at 31 March 2024 126,442 1,102,621 - 1,229,063 1,224,267
Comprising funds as follows -
General 15 126,442 - - 126,442 117,806
Designated Assets 15 - 1,102,621 - 1,102,621 1,106,461
126,442 1,102,621 - 1,229,063 1,224,267
----- End of picture text -----

The notes on pages 12 to 19 form part of these accounts.

Page 8

Bearsden Baptist Chureb BlaDce Sheet Ay a131 Mreh 2024 2024 2023 N¢4t¢ Tan¥iblc fjxcd avae 1.102.a21 1.106,461 CMrrtMI A¥s¢tJ Dcbtors Cash ai bank atm4 IM haThJ io 11.67% H.16_1 122iDJ 139227 lJQ.¥66 Cr¢dlton. lallin%dw within y¢ar N•t CurreDt.4Moi 126.442 ToiAI A¥Mis I￿1 Crreot I￿&1mlItI 1 ?24.267 C.redltnrs: PallinK lat¢r Ihan or¢ year 12 TrtlAI Net AM¢¢A 1.224 267 The fuDdi of tkt chuky.. Ilnrntricttd Futhd¥ 13 15 126.442 1,102.621 117,806 .106.461 D¢s1￿￿tea Ass4ts Thexe 0¢￿)unt5 oft pft td]4ifby.'- tyih¢ d¢8>￿￿..... 8ign¢d on Iheir hc rtotcs on l£ 10 IY torm Fart of thes> a-iOLrL

Bearsden Baptist Church Income and Expenditure Account For the year ended 31 March 2024

General Fund
Income and endowments from:
Donations and legacies:
Open offerings
Tax reclaimed
Charitable activities:
Church activities
Rents receivable
Expenditure on:
Charitable activities:
Pastoral costs
Other staff
Church affiliations
Property costs
Administration
Giving to others
Church life
Other:
Governance costs
Net income/(expenditure)
Transfers to Other Funds:
Designated Assets Fund
Opening balance brought forward
Closing balance carried forward		 2024
£
170,935
38,492
9,148
7,480
226,055
101,188
23,893
7,652
38,710
10,309
20,834
13,033
1,800
217,419
8,636
-
117,806
126,442		 2023
£
182,357
36,865
14,102
4,498
237,822
99,711
22,501
6,757
29,877
9,172
23,781
10,912
1,860
204,572
33,250
-
84,556
117,806

The purposes of all funds are described at note 18.

Page 10

Bearsden Baptist Church Capital Funds For the year ended 31 March 2024

==> picture [449 x 188] intentionally omitted <==

----- Start of picture text -----
Designated Assets Fund
2024 2023
£ £
Opening Balance 1,106,461 1,110,318
Additions
Additions to fixed assets - -
1,106,461 1,110,318
Depreciation (3,840) (3,857)
Closing Balance 1,102,621 1,106,461
----- End of picture text -----

The purposes of all funds are described at note 18.

Page 11

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Notes to the Accounts

1 Accounting Policies

Basis of preparation

The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. The change in legal structure on 31 March 2024 to a SCIO has been accounted for on a merger basis.

Basis of financial statements

The financial statements have been prepared on an accruals basis.

Church Income (offerings and donations)

All voluntary income and bank interest is accounted for when received. Income from gift aid tax recoveries and income from lettings is accounted for on an accruals basis. Grants are accounted for only when formal written approval is received and the related expenditure has occurred.

Tangible Fixed Assets

Heritable property (church land and buildings) and the church’s fixtures and fittings are stated at cost at the date of the balance sheet.

No depreciation is charged on the church building as the Trustees do not believe that the market value is less than the historic cost. Depreciation has been provided on fixtures and fittings prior to 2013 at the rate of 20% per annum on a reducing balance basis, 33.33% straight line on fixtures and fittings from 2013 to 2017 and 10% / 33.33% straight line from 2017 onwards.

Pensions

The charity pays contributions to defined contribution schemes. Contributions payable for the year are charged in the Statement of Financial Activities. The assets of the schemes are held separately from those of the Church in independently administered schemes. See also Note 17.

Statement of Financial Activities

The purposes of all funds are described at note 18. For the purpose of the Statement of Financial Activities as shown on page 8, funds are defined as follows: -

Unrestricted funds comprise gifts and other income received for the objects of the church without any further specified purpose and are available as general funds;

Designated funds represent unrestricted funds which have been earmarked by the Deacons for a specific purpose;

Restricted funds comprise income received for spending on specified purposes as laid down by the grantor.

Page 12

Bearsden Baptist Church Year ended 31 March 2024 Notes to the Accounts [continued]

2 Income from donations and legacies

Voluntary income
Open offerings
Tax reclaimed
3
Income from charitable activities
Church activities
Rents receivable
4
Charitable activities
Activity
Local church ministries
National & overseas ministries
Of which:
Relating to unrestricted funds
Relating to restricted funds		 Unrestricted
General
Designated
£
£
170,935
-
38,492
-
209,427
-
Unrestricted
General
Designated
£
£
9,148
-
7,480
-
16,628
-
Staff
costs
£
125,081
-
125,081
(Note 5)
125,081
-
125,081		 Restricted
£
-
-
-
Restricted
£
-
-
-
Direct
Costs
£
76,300
14,238
90,538
(Note 6)
90,538
-
90,538		 2024
Total
£
170,935
38,492
209,427
2024
Total
£
9,148
7,480
16,628
2024
Total
£
201,381
14,238
215,619
215,619
-
215,619		 2023
Total
£
182,357
36,865
219,222
2023
Total
£
14,102
4,498
18,600
2023
Total
£
184,015
18,697
202,712
202,712
-
202,712

Page 13

Bearsden Baptist Church Year ended 31 March 2024 Notes to the Accounts [continued]

5 Staff costs
Pastoral costs
Gross salaries
Redundancy and Ex Gratia Payments
Employer's NIC
Pension costs
Other staff
Administrator wages
Janitor and cleaner wages
Total staff costs
Allocated as follows:
General Ministry		 2024
£
76,802
16,000
3,039
5,347
101,188
12,423
11,470
125,081
125,081		 2023
£
89,709
-
4,440
5,562
99,711
11,831
10,670
122,212
122,212

The average number of employees in the year, on a full time equivalent basis, was 3 (2023 - 4).

No trustees received remuneration for their services or expenses in the year to 31st March 2024.

Donations received by the Church from trustees totalled £17,860 (2023 - £17,880) in the year to 31st March 2024.

6 Other direct costs
Church life
Affiliations
Events
Outreach
Conferences
External speakers
General
Property costs
Maintenance
Heat and light
Cleaning materials
Other property costs
Administration
Restructuring
Professional fees
Office costs
Giving to others - see Note 8
Local
National
Overseas
7 Other costs
Depreciation
Independent examiner's fee		 Unrestricted
General
Specified
Restricted
£
£
£
7,652
-
-
7,467
-
-
3,032
-
-
548
-
-
926
-
-
1,060
-
-
11,925
-
-
16,107
-
-
1,626
-
-
9,052
-
-
3,960
-
-
3,407
-
-
2,942
-
-
6,596
-
-
10,573
-
-
3,665
-
-
90,538
-
-
Unrestricted
General
Designated
£
£
-
3,840
1,800
-
1,800
3,840		 2024
Total
£
7,652
7,467
3,032
548
926
1,060
11,925
16,107
1,626
9,052
3,960
3,407
2,942
6,596
10,573
3,665
90,538
2024
Total
£
3,840
1,800
5,640		 2023
Total
£
6,757
5,624
3,964
275
1,049
1,049
11,841
8,498
1,409
8,129
-
4,411
4,761
5,085
12,231
6,466
80,500
2023
Total
£
3,857
1,860
5,717

Page 14

Beai'sden Baptist Cknui'ch Year e])ded 31 Mai'ch 2024 Yotes to the Accounts Icontilluedl 8 Gifts to othei's Expellth'ture within tbe Specified Fll[￿ is a￿alysed &$ follows.. LDrestrirted GelleTal Spefified 2024 Total 2023 Total CAP Thry]iteinch Fresh Start Cl]arAty GCM SU Scoilaud Mell's Shed Faith Missio CreatoTr7tots Ceartss Other 3,2(M) I,O(K) i.O(K) 1,0 3,2(M) I,o(K) I,O(K) I,O(K) 3,(K)O 3.(X)O i.(x)o 192 143 250 250 250 396 6.596 396 6.596 4Atlona)I BMS National Firestarters Bet1￿ Cbti5tiall Tn]st Ban￿baS Aid Wycliffe Bible Tra￿slat0 Srriphjte Union Scotland Ptisoii FelloM'5hip F3xnilies To8eth¢r larie Curie Daily Bread MinistrAes Braill Twllour Tn]st 6,479 l.O(K) 1.094 I,O(M) I,O(M) 6,479 1,000 1,094 1.000 1.000 6,724 i.(x)o i.(x)O 1,000 1,000 340 1,017 loo 50 12.23 1 10.573 10,573 OverseAs 1.412 1,253 1.0 1.412 1.253 I,0￿) 875 776 1.000 345 1,470 1,000 i.(KJo Ne￿ Day Ullited (incl McLeall Fund) Baiiiist IIi%%lOL￿ry Society Lii'ixi8 Sroiies Church Pakistan Pakn"slall chan.ty (NazteeTh ) 3.665 Tot¥Jl GI￿g to Othe Page 15

Bearsden Baptist Church Year ended 31 March 2024 Notes to the Accounts [continued]

==> picture [499 x 608] intentionally omitted <==

----- Start of picture text -----
9 Tangible Fixed Assets
Heritable Fixtures
Property and Fittings Total
£ £ £
Cost
At 1 April 2023 1,096,734 116,913 1,213,647
Additions in year - - -
Disposals in year - - -
At 31 March 2024 1,096,734 116,913 1,213,647
Depreciation
At 1 April 2023 - 107,186 107,186
Charge for year - 3,840 3,840
Eliminated on transfer - - -
At 31 March 2024 - 111,026 111,026
Net Book Value
At 31 March 2024 1,096,734 5,887 1,102,621
At 31 March 2023 1,096,734 9,727 1,106,461
10 Debtors : Amounts falling due within one year 2024 2023
£ £
Tax recoverable 8,514 4,833
Other debtors 3,163 3,330
11,678 8,163
11 Creditors: Amounts falling due within one year 2024 2023
£ £
Accruals 12,094 12,819
Pension control 691 241
12,785 13,060
12 Creditors : Amounts falling due after more than one year 2024 2023
£ £
Members' loans - -
- -
----- End of picture text -----

Page 16

Bearsden Baptist Church Year ended 31 March 2024 Notes to the Accounts [continued]

==> picture [504 x 517] intentionally omitted <==

----- Start of picture text -----
13 Net Assets by Fund
General Designated Restricted 2024 2023
Fund Funds Funds Total Total
£ £ £ £ £
Tangible fixed assets - 1,102,621 - 1,102,621 1,106,461
Cash at bank and in hand 127,549 - - 127,549 122,703
Debtors 11,678 - - 11,678 8,163
Accruals (12,785) - - (12,785) (13,060)
126,442 1,102,621 - 1,229,063 1,224,267
14 Fund Transfers
Designated Restricted
General Funds Funds
£ £ £
Fund Transfers - - -
- - -
15 Movements in Funds
Balance at Balance at
1 April Incoming Resources 31 March
2023 resources expended Transfers 2024
£ £ £ £ £
General Fund 117,806 226,055 (217,419) - 126,442
Designated Funds:
Designated Assets Fund 1,106,461 - (3,840) - 1,102,621
Total Unrestricted Funds 1,224,267 226,055 (221,259) - 1,229,063
Total Restricted Funds - - - - -
Total of All Funds 1,224,267 226,055 (221,259) - 1,229,063
----- End of picture text -----

Page 17

Bearsden Baptist Church Year ended 31 March 2024 Notes to the Accounts [continued]

16 Comparative Statement of Financial Activities

Income and endowments from:
Donations and legacies
Charitable activities
Total income and endowments
Expenditure on:
Charitable activities
Other
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Balance b/fwd at 1 April 2022
Balance c/fwd at 31 March 2023
Comprising Funds as follows -
General
Designated Assets		 Unrestricted Funds
Designated
General
Funds
£
£
219,222
-
18,600
-
237,822
-
202,712
-
1,860
3,857
204,572
3,857
33,250
(3,857)
-
-
33,250
(3,857)
84,556
1,110,318
117,806
1,106,461
117,806
-
-
1,106,461
117,806
1,106,461		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
£
219,222
18,600
237,822
202,712
5,717
208,429
29,393
-
29,393
1,194,874
1,224,267
117,806
1,106,461
1,224,267

Page 18

Bearsden Baptist Church Accounts and Report for the Year ended 31 March 2024 Notes to the Accounts [continued]

17 Pensions

The church was an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”), which was known as the Baptist Ministers’ Pension Fund, until 31 December 2011 (“the Ministers’ Fund”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited).

The minister of the church was eligible to join the Scheme, which is not contracted out of the state second pension. In addition, from 1 January 2012 members of the church staff were also eligible to join the scheme.

During the year ended 31 March 2021, the church arranged formal exit from the Scheme, and accordingly the liability for any pension fund shortfall has been eliminated.

From 1 January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. Members pay 8% of their pensionable Income and employers 6% of members’ Pensionable Income into individual pension accounts which are operated and managed on behalf of the Pension Trustee by Legal and General Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, the administration of the DC Plan, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Unum Limited. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.

The total pension cost included in the Income and Expenditure Account represents the employer’s contributions payable. For the year to 31 March 2024 this was £5,347 (2023 - £5,562).

18 Description of Funds

The General Fund is used for the furtherance of the objects of the church and for the general congregational purposes of the fellowship.

The Designated Assets Fund represents the net book value of the church's fixed assets together with associated debtor balances less borrowings and associated creditors.

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