ZION BAPTIST CHURCH (THE SOVEREIGN GRACE BAPTISTS) TRUSTEES' ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 SCOTTISH CHARITY NO. SC000943
ZION BAPTIST CHURCH CHARITY INFORMATION Trustees Charity number Principal Address Independent Examiner Listed on Trustees' Report SC000943 72 Glen Tennet St Leonards East Kilbride G74 3UY JRD LLP Chartered Accountants 11 Portland Road Kilmarnock KA1 2BT
ZION BAPTIST CHURCH CONTENTS Trustees' Report Independent Examiner's Report Receipts and Payments Account Statement of Balances Notes to the Accounts Page 1-2 3 4 5 6 - 8
ZION BAPTIST CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees submit their Report and independently examined Accounts for the year ended 31 March 2025. Legal and Administrative Information Trustees The charity's trustees can be appointed or removed in accordance with the constitution. The trustees who served during the year were: Independent Examiner was appointed as Independent Examiner. Structure, Governance and Management Constitution Zion Baptist Church is an unincorporated organisation and Scottish registered charity. The Church has a written constitution and operates in accordance with the Articles of Faith Trust Deed. Recruitment and Appointment of Trustees The trustees shall be entitled, by way of a resolution passed by a majority vote at a meeting of the trustees, to appoint any individual as a trustee. The number of trustees shall be not less than 3 and not more than 7. Objectives and Activities Objectives The principal charitable purposes of the organisation are the advancement of the Christian faith as it is described in the Word of God, the relief of poverty and acts of benevolence to people in necessitous circumstances. Activities The Trustees are pleased to report that Zion Baptist Church continues to go from strength to strength, with an increase in income during the financial year. This year, we have been blessed to invest in the creation of an autism sensory room within the main sanctuary. The project cost reflects only the materials, as a regular member of the fellowship kindly volunteered his time and professional carpentry skills to complete the build. This room has been a tremendous blessing to one of our young members, who can now adjust the light, sound, and temperature to meet her sensory needs. As the sensory room is located within the sanctuary, an adjoining relatives' room allows her family to relax during the service while remaining part of the worship and the worship team. This development has been transformational for the family, providing full inclusion and peace of mind while their loved one is entirely at ease in her own environment. We are also pleased to report that a backdated Gift Aid claim covered the majority of the material costs, meaning the project had limited impact on the charity's reserves. During the year, we carried out essential maintenance work on the church building, resulting in expenditure exceeding income for a second consecutive year. However, our recurring annual costs remain within budget, and our reserves continue to meet our policy of covering up to three months of operating activities—providing a stable financial foundation for our ongoing ministry. Our gospel outreach in Sauchiehall Street, Glasgow, continues each Saturday evening, combining open-air preaching with a soup kitchen for those in need. This outreach offers valuable opportunities to share the gospel with individuals who might otherwise feel unworthy or unable to enter a church building. As Jesus commanded, we go out into the highways and byways to compel them to come in. 1
ZION BAPTIST CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Our Sunday School, Bible Class, and Kids Club also continue, with increasing numbers and enthusiasm among our young people. It is encouraging to see their genuine interest in learning the Word of God and seeking a personal relationship with the Lord Jesus Christ. We give thanks for the dedicated teachers who faithfully serve each week, planting seeds that will bear fruit for generations to come. Looking ahead, we believe that God will continue to bless His work among us. In October 2025, we will joyfully celebrate our 60th anniversary—an amazing milestone for a church that, at its founding, was predicted to last no more than six months. As the text below our pulpit declares, "For other foundation can no man lay than that is laid, which is Jesus Christ." (1 Corinthians 3:11). We stand on that unshakable foundation, confident that Yahweh will continue to be the God of Zion. He has promised us Isaiah 61, and we wait with anticipation for the fulfilment of His word as we see the flock of God gathering to a Bible-based, true Protestant church that faithfully proclaims the uncompromised Word of God. We are encouraged to see other churches standing firm in a day when the authority of Scripture is challenged. We remain steadfast in the eternal Word of God-unchanging, as Jesus Christ, the same yesterday, today, and forever. Achievements Summary of Main Achievements in the Year • The furtherance of the Gospel of Jesus Christ. • Community outreach. • Funds sent to Third World charitable organisations. Financial Review Reserves Policy If in the opinion of the trustees any change in circumstances or alteration in the law has made or is likely to make execution of Church purposes impossible or impracticable, or if in the opinion of the trustees the administration of the Church could be improved, or the Church purposes be advanced in a more appropriate manner, the trustees may in their discretion wind up the Church and transfer the Church property (after settlement of all debts and liabilities) to some other charitable body or bodies having similar objects to those of the Church, and in agreement with the Church's Articles of Faith. Review of Financial Year The deficit for the year was £13,079, after expenditure of £10,740 on roof maintenance and £10,414 on a sensory room (2024 deficit: £4,013). Total funds carried forward at 31 March 2025 were £132,776 (2024: E145,855). Statement of Trustees' responsibilities The trustees are responsible for preparing the Trustees' Report and accounts which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 27 October 2025 and signed on their behalf by Trustee 2
ZION BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ZION BAPTIST CHURCH I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 4 to 8. 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 trustees consider that the audit requirement of Regulation 10(1) (d) of the Account: egulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) o 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: 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 comply with Regulation 9 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 JRD LLP Chartered Accountants 11 Portland Road Kilmarnock KA1 2BT 27 October 2025 3
ZION BAPTIST CHURCH STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 MARCH 2025 Total 2025 Receipts Donations Charitable Activites Bank & Deposit Interest Other Income Total Receipts Payments Raising funds Charitable activities Governance costs Total Payments Excess of Receipts over (Payments) for the year before transfers Transfers Excess of Receipts/(Payments) for the year Unrestricted Restricted Designated Funds Funds Notes 2025 2025 Funds 2025 5 62,705 1,889 211 : 64,594 211 62,916 - 1,889 64,805 6 Cash & Bank Balances brought forward Excess of Receipts/(Payments) for the year Cash & Bank Balances carried forward 77,300 330 77,630 (13,036) - (13,036) 142,507 (13,036) 129,471 254 (43) - (43) 3,348 (43) 3,305 : 77.554 77,884 - (13,079) - • (13,079) : 145.055 (13,079) - 132,776 4 Total 2024 47,976 48,158 607 50,124 1,440 52,171 (4,013) - (4,013) 149,868 (4,013) 145,855
ZION BAPTIST CHURCH STATEMENT OF BALANCES AS AT 31 MARCH 2025 Notes 7 Funds Reconciliation Bank & deposit balances brought forward Excess of Receipts/(Payments) for the year Bank & deposit balances carried forward Bank and Cash Balances Current Account Investment Accounts Reformed Faith Tape Recording Sunday School & Bible Class Young Covenanters Zion Outreach Fund Unrestricted Restricted Designated Funds Funds Funds 2025 2025 2025 € € 142,507 (13,036) 129,471 3,348 (43) 3,305 Fixed Assets (Unrestricted Fund) Land & Buildings Computer Equipment Fixtures and Fittings Musical Equipment Other Equipment 9 Total 2025 € - 145,855 - (13,079) - 132,776 27,684 101,787 1,350 777 1,178 132,776 750,000 13.020 32.204 450 801,964 Current Assets (Unrestricted Fund) Accrued bank interest Liabilities (Unrestricted Fund) Payroll Taxes Pension Independent Examiner's Fee 1.625 230 720 2,575 Approved by the Trustees on 27 October 2025 and signed on their behalf by: Trustee 5 Total 2024 149,868 (4.013) 145,855 19,997 122.510 1.301 809 1,178 145,855 750,000 6,090 13.220 32.204 450 801,964 1,625 230 720 2,575
ZION BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025 1 Basis of Accounting These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities & Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). 2 Nature of Funds Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by a donor or when funds are raised for specific purposes. Designated funds are those that the trustees have set aside for specific purposes. 3 Trustee Remuneration and Related Party Transactions Trustees are not remunerated but may be reimbursed for expenses incurred. During the year and the previous year no trustees received such expenses. There were no transactions with any related parties of the trustees during the year or the previous year with the exception of cleaning costs of £4,750 paid in the current year (2024: £5,500). 4 Wages and Salaries A minister commenced employment during July 2022 and a formal payroll is operated by the charity. 5 Analysis of Receipts Donations & legacies Offerings & collections Tax Recovered on Gift Aid Donations Charitable activities Sale of books & tapes Bank & deposit interest Bank interest Other income Other income Unrestricted Restricted Designated 2025 € 2025 2025 52,816 9,889 62,705 211 211 Total 2025 9,889 62,916 Total 2024 47,976 47.976 1,889 64,594 6 211 - 1,889 - - 64,805 182 - 48,158
ZION BAPTIST CHURCH NOTES TO THE ACCOUNTS (CONTINUED) FOR YEAR ENDED 31 MARCH 2025 6 Analysis of Payments Raising funds Books & tapes Charitable activities Ministerial Salary & Other Costs Repairs & maintenance Fixtures & fittings Outside services (Insurance) Heat and light Cleaning Salary & Materials Telephone Printing Books & tapes Taxation fees Other expenses Gifts Donations Major Fabric expenses Governance costs Independent Examiner's fee 7 Movement in Funds Unrestricted Funds General Fund Restricted Funds Reformed Faith Tape Recording Sunday School & Bible Class Young Covenanters Zion Outreach Fund Unrestricted Restricted Designated 2025 2025 2025 Total 2025 € - 36,232 4,817 2,399 5,564 5,214 801 600 : : : : - - 36,232 4,817 2,399 5,564 5,214 801 600 - 414 105 21,154 77,300 254 - - 254 21,154 77,554 330 330 At 1 Apr 2024 € 142,507 142,507 Receipts € 64,594 64,594 Payments Transfers € (77,630) (77,630) 1,361 809 1,178 3,348 211 211 (222) (32) (254) Designated Funds There were no designated funds during the current or previous financial year. Total Funds 145,855 64,805 (77,884) - 7 Total 2024 € 607 33,045 1,665 4,897 5,642 5,960 743 207 256 293 52,708 1,440 At 31 Mar 2025 129,471 129,471 1,350 777 1,178 3,305 132,776
ZION BAPTIST CHURCH NOTES TO THE ACCOUNTS (CONTINUED) FOR YEAR ENDED 31 MARCH 2025 8 Purpose of Main Funds Unrestricted Funds General Fund - This fund is utilised for the day-to-day running of the church and its associated activities. Restricted Funds Sunday School Fund - This funds the provision of a Sunday School for children aged 3 - 8 years in order to teach Christian principles and basic Bible stories. Bible Class Fund - This funds the provision of a Bible Class for people aged 9 - 18 years in order to teach Bible knowledge and awareness of wider Christian issues. Young Covenanters Fund - This funds an organisation through which children aged 4 - 16 years experience enjoyable activities in a Christian context. Gospel Outreach Fund - This funds allows the Church to communicate Christian values to the general public and to provide food and clothing to the socially deprived. 9 Capital Expenditure As the accounts are prepared on a Receipts & Payments basis, depreciation is not provided on fixed assets. The amounts shown as Fixed Assets on the Statement of Balances represents the historical cost and not the current valuation of those items. 8