harity registrab'on number SC003511 Iscotlandl AYR BAPTIST CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 AYR BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Truslees Charity numbgr Iscotlandl SCD03511 Re9lStered office 51 Frjrt risèd to commil other 5Utns up lo £500 in special ciicumstancos. The Church Treasurer is responsible for the Inveslmenl of Ihe Cbur¢h fvnds within the Tiustee5 Investments Act 1961 and other relevanl le9islation. Reserves policy The Church has a General Fund. fvjo dèsignated funds and one reslricled fund. The General Fund is lor the use of all ordinary church business. Al the year end. £883.S61 12D24'. 893.3041 was retained in re5erve5. Ir addition. £70,000 12024 - £70.0001 was tteld within the rev8lu81ion reserve. being the revaluation of the investment property in 2015. The Building Fund is designated for the renovatitsn and redevelopment of Ihe Church buildings at Fort Street an Mews Lane. Reserves at the year-end stood £9,31912024- £9.1971. The Community Fund is designated for outreach to the corntllunily, in particulaT relating lo the a¢tiviti8s surroun¢ing the provision of cofflmunrty rneals. Reserves at the yearénd stood at £18,77712024 - £21,734). There are in addition a numbèr of causes for which specific moniès are set askle on a casè-by-case basis but tho.se loim part of tho General Fund. Review of the year We thank God for His continuing Plovision for the Church and all its ministries. The financial slalèmènls lor the year ghow an avèrage weekly offering of £618 This compares with an average of £1,011 during the previous rinancial peri(>d. Other income wa5 available during the year. such as one-off donation5 and special offerin98. overall income and expendittjre were broadly as expected whon the Budget wa5 set in Novernboi 2023. and tho ovtsrall finanoal situation at the ènd of the year was similar to thal al the gtart of Ihe yeaf, lor which we give God our grateful thanks. The Church's e55enlial ministries have been supported finanually and donations to external bodies such as the 8aptisl Union ol SGolland and The Ark have also been possible duiir¥J ihis year. FUTURE PLANS LooKiiig to tlie futLJie. 11)e Church will seek lo ensure Ihal il continues an effective witness, in proclaiming the Good News of Jesus Christ in a relevant way - through acts ol witness, worship and the carryin9 Qut ol acts of pr8dical help #nd compass10n. The Church will seek lo continue to work with like-TMinded agencies and organisalions 10 see Ihe extension of the Klngdom of God Ivithin Ilie local, rialional. and iDieri)alional commuiity. Elections lo the Leadership ol the ChuTch will be held in the Autumn and we would encourage membèrs lo considei Il they would like lo seNe in this way. AYR BAPTIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Objèct5vès and activities The Leadership Review launched in 2020 brougttl recommendètions to the Church In Ihe course of 2021. One of the pnnopal conclusions ot the ieview was the need lo renew leadership, to bling a new form of engageiyienl by the Chuicl) In leadeiship alld goveinan¢e. To Iliis eiid Ilie wliole leadeisl)ip agieed 10 51avd down. in a piogr&55ive way, $0 that new people could come into leadership positions_ This is a work in progress and the existing leadership continue lo enGtsuraue the church membership to be even morg involved as we seek lo understand the rnind ol Christ togèther. Elections held in Novefnber 2021 saw new members come into membership. In addition to the changes in Leadershi we hav& sought God'5 will re Our Pa51or81 vacancy, and after prayerful refle¢lion felt led to call s Interim Pastor Dined us al the beginning olApril 2022. and we look forward to le8rfjing l.'om his experience and his guidance as ive seek God's will for Ayr Baplisl ChurGh in the days to come_ ardin STRUCTURE. GOVERNANCE AND MANAGEMENT Governing do¢ument The Church govein8nce is congregational in nature. The ChLJrch has a constitution and other bye laws and standing orders which have been adopted by convention. RecruTtrnent and appolntment of new trustèes as been appoinled for a limited term of office. has been appointed by Ihg congregation in rbon-slipendiary capauty for an unliTTMled term of offiTr. Other membeis of Ihe Church Leadership are elected by the congregation. according lo procedvres Bgreed by the Church Leadership. Organisational structurè The elected Church Leadership including Ihe Pastors. has delegated responsibility IOT specific aspeds of the day to day running ol the Church. Two of Ihe trustees are 8ppoinled by the Church Leadership as Church Secretsry and Trèasurer. and they, logether with the Pasloi. seN& 8$ Office Bearers. The Pa51ors. one ol whom Is a paid Lhurch trustee. arè responsible for leading and co-ordinating the Church's aclivilies. includin9 Ihe Sunday seNices. providing p35toral care for the congregation and olhei people vjithin the community. equipping and encouraging the membership in their whole life discipleship, Chngtian i'Jitness and Servi￿. The current Pastors operate a job share to covei all of these aspects with taking responsibility lo chair ChuiGh Meelings. In addition, volunteers conlribiite stgnificanily to the oppralinn and rninislry of the church This InclLJdes organisalion ol and participation in aclivilies. such as visilalion. fellowship. Comtmunity Wc>rk. Ladies, Fellowship. Men's Meeting Point, music. commLJnily outreach. evangeligm. working with children, toddlers, preaching, sound and vision desk operation, websitè and promotion, missionary aGtivily. volunteering al Aiflie House, and prayei. AYR BAPTIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Wider n8fv40 The Church is a membei of The Baplisl Union ol Sco118nd and BMS World Mission. A$$ociated Organ¥sations The Chuttch is entilled lo appoint company Members lo Ayr Baptist Homes, a company limited by guarantee land a Scottish Charity No SC111i561. and the office bearers ol the Church are entilled lo be appointed as Direclois ol that company. Ayr Baptist Homes own5 and operates a care home. Airlie House, Ayr. Rlsk managoment The truslees have a duty lo identify and Teview the risks to whrh the charity Is exposed and to ensure appropriate controls are in plèce to provide ￿asonable assurance against fraud error. The trJslee s report was approved by tie Church Leadership Board of Trustees. The li ustees report Wa5 approved by the Soard of Trustees. AYR BAPTIST CHURCH STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 28 FEBRUARY2025 The (rustees ale rèsponsible for preparing the Trustees Report and the financial statements in aCc￿￿8￿Ce w(th 2pplicable law and United Kingdotn AGGounling Standard5 Iulliled ￿"ngdoM Generally Accepted AccoFunting Pr8¢1i¢el. The law applicable io cha'ilies in Scotland requires the Iruslees lo prepare financial 5t3tetnenls for ea¢h financial year which give a Irue and lair view of the stale c>f affairs ol Ihe church and of the incoming rosource& and application of resources of the church loi that year. In preparing thèse financial statements, the tru51ee5 aré requiied lo.. select suitable accounting policies and then apply them consislenlly.. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and piudent., stale whether applicable accounting slandaids have been followed, subject lo any malenal departures disclosed and explained In the financial statements., and pr&pare the financial slal8m&rits on tha going concgm basis unless il is inappropriale to presume that the charity will Gonlinue in operation. The Iruslees 8re iesponsible IDr keeping sufficient a¢¢ounlin9 records that disclose with reasonable accuracy at any lirne the financial p05ition of the charity and enable them to ensure that the financial statements ¢omp1y with the Charillos and Trustee Investment Iscollandl Act 20C>5. the Charities Accounts IScDtlandi Regulations 2006 las amended) and the prowsions of the trust deed. They are also responsible for safeguaiding the assets of the charity and henoe foi taking reasonable steps lor the prevention and detection of fraud and other irregularities. AYR BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AYR BAPTIST CHURCH I report on the financial stalernenls ol the church for Ihe year Ènded 28 February 2025. which are set out on pages 7 to 19. Respoctiv• responsibilitiès of trustees and examiner The charity's trustees are resptsnsible for the preparation of the financial 51alements in accordance wrth the leims f the Charities and Trustee Investments Iscollandl Act 2005 and the Charities Accounts Iscouandl Regulations 2006. The charity's trustees consider Ihal the audit requirement of Regulation 1011llal to Icl of the 2006 Accounts Regulations does not apply. It is my respon51bility to examine the Iinancial slalemenls as required under se¢iion 4411 Ilcl ol the Act and lo slate whether particulai matters have come lo My attention. Basi$ of independent èxamlnèrfs statement My examination is ￿[rIed out in accordancè with Regulation 11 of the 2006 Accounts Regulations. An èxamination Includès a review of the accounting records kept by Ihe Charity and a comparison of the financial staiements presented wilh Ihose records. 11 also indude6 Gonswjeiation of any unusual items or disclosures In thè rinaiicial statements. and seeks explanations from the trustèes concerning any such rratters. The pro¢eduTe$ undertike.n not piovido ?11 the evid8nce that would b(* reqiiirgd in an aiidit and r.on£gqiié¥nily I do not ?.xpress an audit opinion oii the. wo.w fjiv(&n hy Ihg finAn¢ial stalernenls. Independent e¥amine¢s statèment In connection with my examination. no other matter excepl that ielerted lo ,'n the previous paragraph has conie lo my atler)tion'. lal which gives me reasonable cause lo believe thal in any niateiial respect the requiiemenls. lo keep accounting records in atcordance with 5edion 4411) lal of the 2005 Acl and Regulation 4 of the 2006 Accounts Hegulaliolls, arid to prepare financial staletnenls which accoid willi Ihe accountiiig recoids 2nd coiiiply wllli Regulation 8 01 the 2006 ALcounts Regulation5, have not been mot or Ibl to which. in my opinion, attention should be drawn in order to enable a propec understanding of thè financièl statemants to be reached. Azels 3 Wèllington Square Ay KA7 1EN Liated.. AYR BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY2025 Unrnstrlcled Unre$tricted tunds lund5 2025 2024 Note$ Income from- Doi)ations and le9aGies Iiivestments 60,304 76.200 4.897 Totsl income 61.058 81.097 Ex enditure on- Chaiitable a¢tlVities 73.136 80.182 Net lexpenditurellincome for the yearl Net movement in funds 11£.0181 Fund balances at 1 Maich 2024 995.632 Fund balances at 28 Fobruary 202S 983.554 995.632 I he staleinenl ol financial activities Includes all gain5 and losses recognised In th¢ year. All In¢omè a￿1 expenditure derive from conlinuing activilies. AYR BAPTIST CHURCH BALANCE SHEET ASAT 28 FE8RUARY2025 2025 2024 Notes Fixed assets Tangible assets Inveslrnenl pioperty 801.905 135.000 501 905 135.000 936,905 936 905 Current assets Debtors Cash al bank and in hand 10 4,205 46,553 4.310 56,652 50.758 80 962 Creditors: amounts falling due within one year 11 {4.1091 12 23SI Net current as5els 46.649 58.727 Total asset5 less currgnt liabiliti+$ 983.554 995.632 Income fvnds Unieslricted funds 983,554 995.632 983,554 995.632 The fi'iaicial sla'.emenls ￿e-e app'oved by the Trustees on AYR BAPTIST CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28 FEBRUAR Y 2025 2025 2024 Ntstes Cash flow$ from operating activities Cash lab5orbed byllgeneraled from oper8lions 1S 110,8531 1.147 Investing activitie$ Investment incc>me received 754 697 N*i eash ganerated Irom Snve5ting activitie5 754 697 Nèt cash used in financing actlvttles Net 1decreasellin¢￿as￿ in cash and c¥$h equivalents 110.0991 1844 Cash and cash equivalents at beginning of year 56,652 54 808 Cash and cash equivalents atend of year 46.553 56 652 AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Accountiiig policie5 Charity inlormatron Ayi L4aylist ihurrl) Is a ili.4111y b-4sed iii Siollaiid. The ieyislered oifii& is 51 Foil 8iieel. Ayi. Ayisliiic, KA7 IDH 1.1 Accountlng convention The financial statetnenls have been prepared in accordance with Ihechurch the Charities and Trustee Invesiment (Scotlandl Act 2005. the Charities Accounts Iscotlandl RegLilations 2006 lag amended) and 'Ac.COLinling and Reporting by Charili?q .%tatement ol Recommended Pradice applicable to chaiities pieparing their accounts In aGGoidan¢e with ihe Financial Reporting Standard applic3ble in the UK and Rèpublic of Ireland IFRS 1021 leffectiwe l January 20191 The ¢hurch Is a Public Benefit Entity as defined by FRS 102. The financial statements are prepzred in steiling, which is the functional currency ol Ihe charrty's Monetary amounts In these financial statements are rounded lo the nearest £. The financial 51alèmènis have been prepgrèd under the histoiical Gosl convention, Imodified to indude the revaluation of fieehold pioperties and lo include investment properties and certain financia1 in5trutnents al fair valuel. The principal accounting policie5 adopted are set out below. 1.2 Going concèm At the time of approving the financial siatèmenls, the trustees have a itrasonable expectation that Ihe church has adequate regourees to continue in operafr'onal existence for the foie5eeable fvture. Thus the trustees continue to adopt the going Concern basis of accounting in preparing the finan¢ial statements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the Iluslees in furtherance of their charitsble objectives. Reslrided funds are subiÈcl lo spècific conditions by donors as to how Ihey may bè usèd. The purposes and uses of the restTlCted fund5 are set OLJt in the notes lo the financial statements. 1.4 Income All income is recoqnised in the Stalewent of Financial Activit185 once the chwty has entillement to the funds. Il Is probable that the incomè will be received and the amoLJni can be measured reliably. 1.5 Expenditure Liabilities are recognised as expenditure as soon as there Is a legal or cor)struclive obligation commffting the harity to Ihal expenditure. It is probable Ihs16 Iransfer of ecoDomiG benefits will be required In settlernent and the amount of the obligab'on can be measured reliably. Expenditure is accounted for on an acciuals basis and ha5 bèen classified under headings that aggregate all cost related lo the category. Ivhere costs cannot be direclly attributed to particular headings they have been allocated lo activities on a basi5 consislenl with the use ol Tesources. Irrecoverable VAT Is charged as a cosl against the aGlivily lor which Ihe expenditure was in¢urred. AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Accounting policies (Continued) 1.6 Tangible fixed assets The Church Buildings are included wthin the financial st21ements at histor￿81 Gosl plus the actual ¢osl of Improvements The Church Leadership con5ideT the cost of carrying out a piolessional valuation to Include the Church Building5 al valuation to be considerable ¢ompared to the IimitÈd benelit dèrived by Ihe useis of the financial slatements. Land and BLiilding5 are not deprecialed because they are maintained lo ensure Ih8t their value does not ditninish over time. The maintenancè costs are charged as expenditure in the year they are incurred. 1.7 Investmènt properties Inwestmenl property Is in¢ludeo at fair value 81 thè balance shggt dale. Any surplus on revaluation is recognised In the SlJtÈ5nenl of Finaiicial Acliviliès. No dpprecialion is provided in respect of the freehold investrnent property_ This troatment 1$ contrary lo the requirerncnts of the Companies A(X 1985 to provido depreciation bLIt 19 considered necessary to ensuie Iho financial statements give 8 true and fair vièw as thg property is mainlained at a level to retain it5 value. 1.8 Ca$h and cash equivalents Cash and cash equivalents Include cash in hand, deposits held at call with banks. other short-lemi IIqu1d investmènts with original malurib.es of three months or less, and bank overdrafts. Bank ove'drafts ale shown within boriowings in Current liabilities. 1.9 Retirement benefits Payrnents to definèd conliibulion reliiernenl benefit scheilles ale charged as an expense as they fall due. Until December 2011. contributions were paid in to a defined benefit scheme details o. which can be found in rio4e 12 to the accounts. 1.10 Legal status The church govèrnance is congregational in n3ture. The Church has a con51ilulion and other bye law5 and standing ordeTS which have been adopted by conveTrlion. The charity Is regisleièd with OSCR the Scottish Charity Regulator. The charity's prin¢ipal office address ¢an be found in the Report of the Trustees. AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Prior year 50FA Unrestricted funds Unreslricled funds 2024 2023 lTrcotne Irom.. Doiialioiis arid légacies Invesliyenls 76.20D 71.334 4,407 Total income 81.097 75.741 Expenditure on: Charitable activities 80.182 74,635 Net movement in funds 915 1.106 Fund balances al 1 March 2023 994.117 993,611 Fund balances at 29 February 2024 995,632 994.717 Donatlons and lega¢Ses Unrestricted Unr•stricted funds funds 2025 2024 Donations and gilts Legacies receivable 54.009 6.295 76,200 60.304 76.200 Investsments Unrestricled Unrestricted funds funds 2025 2024 Rental Iiicoine Inleiesl receivable 4,200 697 754 754 4.897 12 AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Charltable a¢tivities Unrèstricted Restricted funds funds Total Unrestrictèd Restricted 2025 funds funds Total 2024 oeneral cosig YL'ctr costs ,la?se ccsl¢ Doi'ation5 I Iisson3f¥ -CSI$ overnance =os!s 22 208 36 748 22,573 22,573 30.734 7.734 12.655 3.000 3.486 7,219 12.655 3,000 3,486 2640 2,640 73 136 73,136 80,182 8Ct.182 Goveinan¢è costs Support Govemance osts costs 202S Support Governance costs ¢osts 2Q24 Inc&pèndan'. exarnifjers fee 2,64Q 2.640 3.486 3.486 2.640 2.640 3,486 3,486 Analysed beiween Charitable activities 2,640 2,640 3,486 3,486 Trustees, remuneration and benefits 2025 2024 Tiusleès, salaries 20.000 20.917 20.000 Trtsstee5' expensès 2025 2024 Carelakei, cleaning, cal8ring 1.381 2.573 1.381 2.573 13 AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Tangible fixed a$$gts Freehold land and bulld1￿9$ Cost At l Marcli 2024 601 905 At 26 FebiLlary 2025 801.905 Carrying amount Al 28 FebrL5Ary 2025 i0I.gOJ AI 2S February 2024 801.905 I he cost I￿Ule iepieseiil$ Iiistoi ical valuation5 01 the pioperlies plus actual Goil ot IrTiproveillents. Inve5tsnent propgrty 2025 Fair value Al l fvlaich .1024 aiid 28 Febiuary 2025 135.QOLI Tl)e above property IS ii) ielalioii tu Ilie llat al 9a Lane. Ayr. The i)iopeily wa5 previously occupie.(I l)y a Lliiiir.h eiiiployee bijl Is iiow rei)led out ori J COliiinLicial basis. This has resulted iri tlie absel beiiig ieda55ified as Ji) i11￿¢s1111cIil prupeily. Th@ Inv￿tman1 propÈrty was valiJ?d on an open market 17aqi8 Dn ?fl Fpbnjary 2022 by thp. TrLJ%le.es. 11 the investment property had not been revalued. il would have been Included at a historical ¢ost of £65,000. 10 Debtors 2025 2024 Amounts falling due within on• yèar: Other debtors Prepayments and a¢Grued income 954 3.251 200 4,110 4.205 4.310 14- AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 11 Crodltors: amounts falling due within one year 2025 2024 OllieT laxtiliDri aiid social security Other creditors 1.469 2.640 699 1.536 4.1 12 Movement In lund5 Nel movement in fund3 At 01.03.2024 At 28.02.25 Unrestrictod funds Gtnoi'al funds 893,3(M 19. 1431 683,561 Deslgnated funds 9,197 1,397 21,734 122 500 12,9571 Aniiual Iliaiikoffeiing lund Community meals 1,897 18,777 Revaluation reserve 70,IJOO 70,000 Total fund$ 995,632 112,0781 983,S54 Net rllovemenl In luiids. iiiilu¢Jed in the above arè as lollows.. Incoming rèstsurces ResoLFrces expended Movement In funds Unrestricted fund5 tseiieidl luiids 59.176 168.9191 19.7431 Designated funds 122 5tio 1,260 122 500 (2,9571 Annual Ihankoffering lund Community meals 14.217) Total funds 61.058 173,1361 112,D781 AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 13 Employee Btntfit Obligations The Church is an employer partiThpaling in a pension scheme known as the gaplisl Pension Scheme nhe Scheme'l. The Scheme Is a separate legal entity which is administered by the Pension Trustee IBap1151 Pension Trust knmiledl. The Minister5 are eli9ible to join the Scherne. which is nol Gontracted out of the State Second Pen5101). From January 2012, pension provision is being m3de Ihrou9h the Dgfined Contribution IOC) Plan within the Scherne. In general. members pay 8°1¢ of theii Pensionable Incomp and pmployers pay 6Q/o of memhers. Pen51tsnable Income into individual pension accounts. whifjh are operated and managed on behalf ol the Pension Trustee by Legal and General Life Assurance Sociely Limited. In addilion. the èmployer pay5 a further 410 of Pensionable Inctsme lor 3/0 if Ihe employei is in the segregated DC section} lo cover Death in Service Beneli15. administration costs, and an associaied Insurance policy which provides income protedion ffji SGheme members in the event that they are unable lo work due to long-tefm incapaGily. This in¢ome piolection policy has been insured by the Baptist Union of Great Biitain th Unum LiTDiled. Mombors of the Basic Sedion pay reduced conlribulions of 50/0 ef Pensionable IncDrné. and thèir employers also pay È total o15°/0. Benefits In respeGt ol service prior to 1 January 2012 are Provided through the Deffined Benefit IDBI Plan within the SGheme. The main benefits lor prè-2012 service were a def￿￿ed benefil pension of one ei9hlieth of Final Minimum Pensionable Ir)come for each year of Pensionable Service, logelhei with additional pension in iespect of pietniums paid on Pensionable Income in 8xees5 of Minimum Pensionable Income. The Scheme, previously known as thé Bapts'st Mirbisters, Penslon Fund, started in 1925. bul was closed lo future accrual of dèfined benefit$ on 31 Trècg.m￿r 2011. A formal valuation of the Defined Benefit IDBI Plan was performed al 31 December 2013 by a professionally qualified ActLJary using the Piojected Unil Method. The market value ol the DB Plan assets al the valualion date was £162 million. The valuation of the D6 Plan revealed a defic* ol assels compared with the value of liabilrties of £84 million (equivalent to a past 5Erwce funding level o166°Al. As a result of the valualion, in addition lo the ntributions to the OC Plan sel out above, it was agrccd to increase the stalldard rate of deficiency contributions from Churchès and other employers involved in the DB Plan Irorn 11,10 of Pensionable Incorne l Minimum Pensionable lll¢ome lo be based OTr 8 12.14 rale trom 1 Janu8ry 2016. The contributions are based on each ¢hur¢h's or other employeT'S position at March 2015. Some churches and other employers that were onty involved in the DB Plan for a short period now pay less than 12Yts. The Recovery Plan envisages deficiency ¢oniributions continuing until 30 June 2035. The key financial assumptions undertylng lh8 valuation were as follows.. Type of assumption RPI price inflatitrn assumption CPI piice iiiflalion assumption Mininium Pensionable Income Increases {CPI plus 1.0° pal Assurned investment relurns Prè-retiiement Post retiyement Deferred pension increases Pie April 2009 Post April 2009 Pension increase5 Main ￿herne pension pre April 2006 Main scherne pension post April 2006 Vgpa 3.60 2.85 5.10 3.95 3.60 2.50 3.40 2.30 16- AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY 2025 13 Employee Benefit Obligations Icontlnuedl As there is a large number oif contributing èmployers parficipaling in the Scheme, the Church is unable lo Identify 115 share of the underlying assets 8pd liabilities of Ihe scieme. Accordingly. due to the naluie ol the Scheme, the profil and loss charge for the period represents Ihe employer conliibutitsns payable. The total pension cost for the Church Is nil12024'. nill. 14 Relatsd party transactions Other than the salary and reimbursed expenses paid to Ihe Iruslee his ¢apaciiy as minister and reimbursed expenses paid lo the trustee G &nith loi his $8rviGe as caretaker, there as no other ieSated party transactions lor the year. Donalions Irom Ihp TriJslee5 10 Ihe fhurch In 2025 lolalled £2.61012Tr24 £13.0101. 15 Cash generated from opèratlons 2025 2024 {Delicitllsurpus loi the year 112,0781 915 Adjustments lor". Interest ieceiveij 11541 16971 Movemen15 In working capital. Ilncreaselldecrease in debtors Increase in crÈditors 105 1.874 {2271 1,156 Cash labsorbed byllgeneratsd from operations {10,8531 1,147 17- AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FE8RUARY2025 Ayr Bapt15t Church Dètailod Statement of Financial Activitios for the Year Ended 28 February 2025 Income and endowments 2025 2024 Donations arbd kgacies Oidinary olferinos Gift aid Doiialions Legacies Community income Anniial Ihanknfferinq Mi%810112ry SUPPOrt 14 160 22 OQ6 13.63 16,113 36.501 8,286 1 260 SCO 2320 15,300 76,200 Inv•stment intome Rpnt rprpived Inleresl re.eèivgd 4.2(10 697 4,897 Total incoming rtsour¢es ti1.058 81.097 Expenditure harltable activitie5 Tiustees salafies Trustees. expenses ChLJich costs Manse costs Donations Missionary 20917 1 381 36 749 4230 7219 20.009 2,573 30,734 7,734 12.655 3.000 70 49S 78.696 Supporl costs tsovoinance ¢o$19- 3¢¢0untan¢y fees 2.643 3.486 Total resources expended ',3136 80.182 Net incomellexpenditurel 112.0781 915 18 AYR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Ayr Bapt15t Chufch Detslled Statement of Financial Actsvitle5 Comparative for the Year Ended 29 February 2024 InGome and endowments 2024 2023 Donations and legacies Ordinary offerings Grft aid Special olferings Donalicns Communily income Annual Ihankoffering 16.113 36.501 15,893 29.008 215 16.960 7.570 1,688 8.286 15.30C> 71,334 Inve$tmenl incorne Rent re￿e1Ved Interest received 4200 697 4.200 207 4897 4,407 Total Incomlng resources 81097 75,741 Expenditure Charitable activities Trustees. salaries Tfu$lees' expenses Pensions Church costs Manse ¢ost$ Donations Missionary 20 000 16.5QO 2.559 2.114 27.980 5.128 13.024 4.000 7734 12.655 3.OCO 71.305 Support Costs Governance costs - accountancy fees 3,330 Total resources expended 80 182 74.635 Net expenditure 91S 1,106 19_