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2025-03-31-accounts

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Scottish Charity No.SC002888

Inverness Baptist Church

Trustees’ Report and Financial Statements For the Year Ended 31 March 2025

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Ba tist Church p Contents of the Financial Statements For the year ended 31 March 2025

Page
Church Information 1
Report of the Trustees 2 - 4
Receipts and Payments Account 5
Statement of Balances 6
Balance Sheet 7
Notes to the Financial Statements 8 - 10

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Ba tist Church p

Church Information

Trustees

A list of active Trustees during the financial year is provided in the Trustees’ Report on Page 2.

Address

83 Castle Street Inverness IV2 3EA

Bankers

Royal Bank of Scotland 29 Harbour Road Inverness IV1 1NU

Independent Examiners

Innes & Partners Limited Chartered Certified Accountants 9 Ardross Street Inverness IV3 5NN

Page 1

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Ba tist Church p

Report of the Trustees

For the year ended 31 March 2025

The Trustees are pleased to present their report together with the financial statements of the church for the year ended 31 March 2025.

Status of Charity and Governing Document

Inverness Baptist Church is charity registered in Scotland (No. SC002888) and is governed by a church constitution.

Aims and Affiliation

The aims of the church are to worship together in spirit and truth, to build up the members in the Christian faith and to support the proclamation of the Gospel of Jesus Christ in word and action, at home and abroad. In pursuance of these aims, the church was engaged throughout the year in public worship, prayer and Bible study, fellowship groups, Sunday school and youth work, interest in and support for mission. The church is affiliated to the Baptist Union of Scotland.

The Trustees and Diaconate

The diaconate consists of the Minister (Pastor), as chairman and the elected deacons of the church. They are the trustees as defined by the church constitution. Those who served the church in this capacity during the period were:

Pastor

Secretary

Treasurer

Other trustees

Appointment of Trustees

Apart from the Minister, who has been called to full time service, none of the other trustees has any beneficial financial interest in the charity. Those trustees identified as Deacons of the church do not receive any remuneration for their services as trustees. The overall management and policy decisions of the church are the responsibility of the Diaconate. Deacons are elected under the terms of the church constitution.

Page 2

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Ba tist Church p Report of the Trustees

For the year ended 31 March 2025

Activities and Achievements

During the year, the congregation met in person and online for public worship and carried out various activities in pursuit of the above stated aims. The congregation continued its commitment to support the Baptist Union of Scotland both spiritually and financially. Significant highlights, events and developments of note in the year include the following:

Ministry

Fabric

Risk Management

The Trustees have developed a risk management strategy which comprises:

Plans for future periods

The following are either in course or under consideration for the coming year and beyond:

Ministry

Fabric & Administration

Page 3

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Ba tist Church p

Report of the Trustees

For the year ended 31 March 2025

Reserves

Results for the year

The Receipts and Payments Account on page 6 shows an unrestricted General fund surplus for the year of £20,616 (2024: Deficit of £4,823) and a Restricted funds surplus of £32,575 (2024: Deficit of £2,880).

As at 31 March 2025, the total funds held amounted to £100,446 (2024: £47,255). The trustees are satisfied with the level of reserves retained by the charity, which exceeds the minimum level of £20,000 which the trustees have agreed should be maintained.

Trustees Responsibilities

Under legislation relating to charities in Scotland, the Trustees are required to prepare financial statements for each financial year which 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 and deficit for that year, and which have been properly prepared from and are in agreement with the accounting records of the church and comply with relevant disclosure requirements.

In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the church’s financial position and enable the Trustees to ensure that the financial statements comply with the requirements of Section 44 to 48 of The Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) flowing therefrom. The Trustees also have general responsibility for taking such steps as are reasonably open to them to safeguard the church’s assets and to prevent and detect fraud and other irregularities.

On behalf of the Trustees

Dated: 18 December 2025

Page 4

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Ba tist Church p

Report of the Independent Examiners to the Trustees

For the year ended 31 March 2025

I report on the accounts of the church for the year ended 31 March 2025 which are set out on pages 6 to 10.

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 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 (as amended). 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 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 Examiners’ 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:

  2. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Innes & Partners Limited Chartered Certified Accountants

9 Ardross Street Inverness IV3 5NN

Date: 18 December 2025

Page 5

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Baptist Church

Receipts and Payments Accounts

For the year ended 31 March 2025

Receipts
Notes
Gift Aid donations
Free will offerings
Mainly Music
Gift aid recovered
Ad Hoc Love Offerings
Family Fund Donations
Rent from Cafe 1
Rent from Manse
Other income
Total Receipts
Payments
Payments for Charitable activities
Stipend & Employers National Insurance
2
Current & Legacy Pension Contributions
2
Pulpit Supply
Scottish Baptist Fund
Scottish Baptist College
International Mission Fund
Local Mission Fund
Love Offerings
Ad Hoc donations
7
Explore
IMPACT Youth Group
Mainly Music
English Classes
Family Fellowship
Manse Maintenance
Church Maintenance
Church and Manse Insurance
Electricity & Gas
Telephone
Church Officer
2
Administrator
2
Communications Allowance
2
Housing Allowance
2
Council Tax Allowance
Advertising
Licences
Website running costs
Equipment Purchases
Stationery, General & Office
Catering
Equipment Leasing
Photocopier
Church Weekend Away
Governance costs
Independent examination
Payroll and accountancy fees
Legal Fees
Total Payments
(Deficit)/surplus for the year
Transfers
Net movement in funds after transfers
Total funds brought forward
Total funds carried forward
Represented by:
Unrestricted funds
General Fund
Restricted funds
Small Hall Refurb
Youth Work Fund
Missionary Fund
Fellowship Fund
Sunday School Fund		 Unrestricted
General
Restricted
Total
Total
Fund
Funds
2025
2024
£
£
£
£
68,205
18,200
86,405
59,631
15,958
6,150
22,108
12,071
-
-
-
150
17,386
450
17,836
11,169
250
958
1,208
3,245
-
6,163
6,163
5,621
500
-
500
-
18,200
18,200
15,400
750
-
750
-
121,249
31,921
153,170
107,287
34,187
-
34,187
31,495
4,411
-
4,411
4,308
-
-
-
400
2,970
-
2,970
3,240
996
-
996
726
-
6,216
6,216
7,303
500
-
500
-
194
2,186
2,380
3,360
-
430
430
825
-
101
101
239
143
998
1,141
17
227
-
227
305
98
-
98
200
-
3,188
3,188
600
357
-
357
2,864
1,622
-
1,622
2,575
2,538
-
2,538
2,422
11,438
-
11,438
24,714
1,160
-
1,160
1,367
3,067
-
3,067
2,709
2,727
2,727
2,258
684
684
684
7,800
7,800
7,800
1,848
1,848
1,848
90
-
90
54
2,352
-
2,352
2,471
702
-
702
400
760
-
760
99
893
-
893
2,201
143
-
143
421
180
-
180
-
429
-
429
469
-
-
-
629
792
-
792
720
3,552
-
3,552
3,258
-
-
-
2,009
86,860
13,119
99,979
114,990
34,389
18,802
53,191
(7,703)
(13,773)
13,773
-
-
20,616
32,575
53,191
(7,703)
40,574
6,681
47,255
54,958
61,190
39,256
100,446
47,255
61,190
-
61,190
40,574
-
29,350
29,350
-
-
-
-
-
-
-
-
200
-
9,906
9,906
6,481
-
-
-
-
61,190
39,256
100,446
47,255

Page 6

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Ba tist Church p

Statement of Balances

For the year ended 31 March 2025

2025
£
£
Opening
balance
Surplus
for year
Bank & Cash in hand
47,255
53,191
Total assets held
47,255
53,191
Reserves
Unrestricted funds
Restricted funds
Statement of Assets at 31 March 2025
Gift Aid
Statement of liabilities at 31 March 2025
Invoices due for payment		 2025
£
£
Opening
balance
Surplus
for year
47,255
53,191
£

Closing
balance

100,446

100,446
61,190
39,256
100,446
12,829
12,829
832
832		 2024
£
£
£
Opening
balance
(Deficit) for year
Closing
balance
54,958
(7,703)47,255		 2024
£
£
£
Opening
balance
(Deficit) for year
Closing
balance
54,958
(7,703)47,255
47,255
53,191		 54,958
(7,703) 47,255
40,574
6,681
47,255
3,823
3,823
792
792

Approved by the Trustees on 18 December 2025 and signed on their behalf by the undernoted:

The notes form part of these financial statements.

Page 7

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Ba tist Church p

Notes to the Financial Statements

For the year ended 31 March 2025

1. Accounting Policies

Accounting Convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended).

Basis of financial statements

The financial statements have been prepared on a receipts and payments basis.

Investments

As the accounts are prepared on a receipts and payments basis the investments are included at cost. The only investments held at the year end are bank balances.

Receipts and Payments Account

For the purpose of the Receipts and Payments account as shown on page 6, funds are defined as follows:

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

Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.

Page 8

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Baptist Church

Notes to the Receipts and Payments Accounts

For the year ended 31 March 2025

2. Staff costs and numbers
Gross salaries
Gross Salaries - Cleaner and administrator
Pension contributions		 2025
£
42,360
5,729
4,496
52,584		 2024
£
39,979
4,967
4,308
49,254

The average number of employees during the year was 3 (2024: 3)

3. Transactions with Trustees

Expenses of nil (2024: £nil) were reimbursed to the Trustees during the year ending 31 March 2025. Salary payments to the Minister are shown in note 2 to these financial statements.

4. Unrestricted funds
General Fund
Total unrestricted funds		 Balance at
01.04.24
£
40,574
40,574		 Receipts
£
121,249
121,249		 Payments
£
(86,860)
(86,860)		 Transfers
£
(13,773)
(13,773)		 Balance at
31.03.25
£
61,190
61,190

Explanation of funds

The General Fund encompasses all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted.

5. Restricted funds
Small Hall Refurb
Youth Work Fund
Missionary Fund
Fellowship Fund
Sunday School Fund
Total restricted funds		 Balance at
01.04.24
£
-
-
200
6,481
-
6,681		 Receipts
£
24,350
-
958
6,613
-
31,921		 Payments
£
-
(418)
(8,962)
(3,188)
(551)
(13,119)		 Transfers
£
5,000
418
7,804
-
551
13,773		 Balance at
31.03.25
£
29,350
-
-
9,906
-
39,256

Explanation of funds

Youth Work Fund - represents funds donated to support youth work connected with the fellowship. Missionary Fund - represents funds donated to support missionaries

Fellowship Fund - represents funds donated for administering to those in need in the church family.

Sunday School Fund - represents funds for Sunday school teachings.

Small Hall Refurb - represents funds donated for establishment of a small hall.

Page 9

Docusign Envelope ID: E692F6AD-956A-46D3-9B64-6974234CCACF

Inverness Baptist Church

Notes to the Receipts and Payments Accounts

For the year ended 31 March 2025

6. Pension Obligations

The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme, previously known as the Baptist Ministers Pension Fund, started in 1925. At the beginning of the financial year, the scheme comprised of a defined benefits scheme which was closed to future accrual on 31 December 2011 and a defined contribution plan which was opened in January 2012.The assets of the Scheme are held separately from those of the Employer and the other participating employers.

For the current financial year, the pension provision for members of the Scheme is being made through the Defined Contribution (DC) Plan. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if 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 Aviva Limited. Furthermore, members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.

In October 2024, the insurance company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From that date any remaining liability of the participating scheme members to defined benefit scheme ceased and the £1 per month deficit contributions payable by the participating employers which were agreed in the recovery plan approved in August 2022 also ceased from that date. Administration of the closed defined benefit scheme transferred from the pension trustees to Just Group from that date. The Minister(s) [and some members of the church staff] is / are eligible to join the Scheme.

7. Grants and Donations

During the year Donations totalling £430 (2024: £825) were paid to one organisation (2024: 3).

Page 10