REGISTERED CHARITY NUMBER: SC004490
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
FOR
BRIDGE OF DON BAPTIST CHURCH
Goldwells Ltd 37 Broad Street Peterhead Aberdeenshire AB42 IJB
BRIDGE OF DON BAPTIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
| Page | |
|---|---|
| Report of the Trustees | to2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| BalanceSheet | 5 |
| Notesto the FinancialStatements | 6 to11 |
| DetailedStatementof Financial Activities | 12to13 |
BRIDGE OF DON BAPTIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2022
The trustees present their report with the fmancial statements of the charity for the year ended 31st March 2022. 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 principal objectives and activities of the Church are the public worship of God and the spreading of the gospel of Jesus Christ in accordance with the Church's written Statement of Faith. These are achieved through meetings for worship, the pastoral care of members and attendees and the support of the local and worldwide Christian ministries.
The trustees consider that the church also fulfils these aims through the many activities that go on throughout the week.These activities depend to some extent on the work of members and adherents from within the church who volunteer their own time and skills.
In addition to weekly Sunday gatherings for worship, The Pastor is involved in local school chaplaincy and the church continues to host community events on various occasions throughout the year.
FINANCIAL REVIEW
Financial position
There is a deficit for the year of £13,620 (2021 -surplus £201,1 44) and reserves of £563,212 (2021 - £576,832). Details are given in the accounts and notes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Constitution and Organisational Structure
The church was originally constituted by a Deed of Trust on 9 March 1980 which was updated in September 1993.
Under the Church's rules the ministers and vision leaders are the trustees and have responsibility for the financial administration of the Church. Regular business meetings of the whole church membership are held to keep the church informed and to make decisions.
Annual elections are held to appoint Vision Leaders from among the membership. They are responsible for the strategic direction and wellbeing of the church and may be involved on an individual basis on operational aspects of the church's life.
Affiliation
The church is affiliated to the Baptist Union of Scotland. The Union is made up of completely autonomous churches that are free to manage their own affairs. The Union represents Baptists nationally,gives guidance on practical matters such as the assessment of pastors' salaries and provides spiritual support when necessary.
Risk management
The trustees have given consideration to the various areas offinancia1 risk to which the church is exposed in carrying out its functions and consider that there are adequate systems in place to minimise fmancial risk and preserve the assets of the church.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC004490
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BRIDGE OF DON BAPTlST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2022
Principal address Dubford Road Bridge of Don Aberdeen AB23 8GS
Trustees
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Independent Examiner Goldwells Ltd 37 Broad Street Peterhead Aberdeenshire AB42 IJB
Approved by order ofthe board of trustees on 5th December 2022 and signed on its behalf by:
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIDGE OF DON BAPTIST CHURCH
I report on the accounts for the year ended 31st March 2022 set out on pages four to eleven.
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(l)(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 reached.
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FCCA
Goldwells Ltd 37 Broad Street Peterhead Aberdeenshire AB42 IJB
5th December 2022
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BRIDGE OF DON BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| INCOME AND ENDOWMENTS FROM Donationsand legacies Other tradingactivities Investmentincome Otherincome Total EXPENDITURE ON Charitable activities Personnelcosts Prograrrunesupport Donationsmade Miscellaneousexpenses Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Totalfunds broughtforward TOTALFUNDSCARRIEDFORWARD Notes 2 3 2022 Umestricted fund £ 101,606 756 9,501 2,670 114,533 75,689 18,368 18,370 15,726 128,153 (13,620) 576,832 563,212 |
2021 Total funds £ 100,052 275 8,266 206,346 314,939 64,164 6,748 17,110 9,278 16,495 113,795 201,144 375,688 576,832 |
|---|---|
The notes form part of these financial statements
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BRIDGE OF DON BApfIsT CHURCH BAL4NCE SHEET 31ST MARCH2022 2022 UnrestTid¢d 2021 Total fimds Notes FLXED ASSETS Tangible assets 319.(KM) 319.000 Debtors Cash ai bank 6.601 242.917 1.654 257.730 249.518 259,384 CREDrroRS knolt5 falline ThithllL one year (5.306) (lJ52) NET CURSENf ASSErs 244.212 257.832 TOTAL ASSETS LESS CURRENr LIABILrtIES 563.212 576332 NET ASSETS 576.832 io UDre5tricted fi]nds 563.212 576.832 TOTAL FUNDS 563.212 570.832 Ibe fjtwhcial itement% bv the Board of TnL4ets and 3mhoTised f issue 5th Decemb 2022 and wer¢ SIpd on il The notes fonn w of these fiJ)ancial StsteMlS
BRIDGE OF DON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The fmancial statements of the charity, which is a public benefit entity under FRS I 02, 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 I 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 fmancial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it ts probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to th at 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 has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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.
Tangible fixed assets
Tangible fixed assets and stated at cost or valuation.
Depreciation is not provided. The properties are stated at cost. They are maintained to a good standard with the costs of doing this expensed as incurred. Equipment is replaced on an annual basis as it wears out the replacements are expensed to running costs.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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BRIDGE OF DON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
| 2. OTHER TRADING ACTIVITIES Striders sales Messyplayfees 3.INVESTMENT INCOME Rents received Deposit accountinterest 4.GRANTS PAYABLE Donations made The total grants paidtoinstitutions duringthe yearwas asfollows: ScottishBaptistfund Ukraine Appeal(BMS) Tear fund SupportforNathan Young@Newlife Church,Middlesborough Support for DeNeuis@World Venture,France Other donations Support for Tuwi,WEC 5.TRUSTEES' REMUNERATIONANDBENEFITS Trustees' pensions paid Trustees' expenses Trustees' expenses |
2022 2021 £ £ 275 756 756 275 2022 2021 £ £ 9,480 8,260 21 6 9,501 8,266 2022 2021 £ £ 17,370 17,110 2022 2021 £ £ 3,150 3,490 6,570 4,270 250 1,500 2,500 2,450 2,400 2,450 100 550 2,400 2,400 17,370 17,110 -- 2022 2021 £ £ 37,240 36,650 3,361 3,857 40,601 40,507 -- 2022 2021 £ £ 2,901 5,482 - - |
|
|---|---|---|
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BRIDGE OF DON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOMEANDENDOWMENTS FROM | |
| Donations and legacies | 100,052 |
| Other trading activities | 275 |
| Investment income | 8,266 |
| Other income | 206,346 |
| Total | 314,939 |
| EXPENDITURE ON | |
| Charitable activities | |
| Personnel costs | 64,164 |
| Proesupport | 6,748 |
| Donationsmade | 17,110 |
| Miscellaneous expenses | 9,278 |
| Other | 16,495 |
| Total | 113,795 |
| NETINCOME | 201,144 |
| RECONCILIATIONOFFUNDS | |
| Totalfundsbroughtforward | 375,688 |
| TOTALFUNDSCARRIED FORWARD | 576,832 |
7. TANGIBLE FIXED ASSETS
| TANGIBLEFIXEDASSETS | ||
|---|---|---|
| COST Freehold property £ At 1stApril2021 and31st March2022 309,000 NET BOOKVALUE At31st March2022 309,000 At 31st March 2021 309,000 |
Fixtures and fittings £ 10,000 10,000 10,000 |
Totals £ 319,000 |
| 319,000 | ||
| 319,000 |
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BRIDGE OF DON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
8.DEBTORS: AMOUNTS FALLINGDUEWITHINONEYEAR Tradedebtors Prepaymentsand accrued income 9.CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR Taxation andsocialsecurity Othercreditors 10. MOVEMENTINFUNDS Unrestrictedfunds Generalfund TOTALFUNDS Net movementinfunds, includedinthe above are as follows: Unrestricted funds General fund TOTALFUNDS |
At1.4.21 £ 576,832 576,832 Incoming resources £ 114,533 114,533 |
2022 2021 £ £ 3,605 1,654 2,996 6,601 1,654 2022 2021 £ £ 844162 4,462 1,390 5,306 1,552 Net movement At infunds 31.3.22 £ £ (13,620) 563,212 (13,620) 563,212 Resources Movement expended infunds £ £ (128,153) (13,620) (128,153) (13,620) |
|---|---|---|
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BRIDGE OF DON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds At1.4.20 £ General fund 375,688 TOTALFUNDS 375,688 |
Net movement infunds £ 201,144 201,144 |
At 31.3.21 £ 576,832 |
|---|---|---|
| 576,832 |
Comparative net movement in funds, included in the above are as follows:
| Unrestrictedfunds Incoming resources £ General fund 314,939 TOTALFUNDS 314,939 |
Resources Movement expended in funds £ £ (113,795) 201,144 (113,795) 201,144 |
|---|---|
A current year 12 months and prior year 12 months combined position is as foUows:
| Unrestrictedfunds At1.4.20 £ General fund 375,688 TOTALFUNDS 375,688 |
Net movement infunds £ 187,524 187,524 |
At 31.3.22 £ 563,212 |
|---|---|---|
| 563,212 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestrictedfunds Incoming resources £ Generalfund 429,472 TOTALFUNDS 429,472 |
Resources Movement expended in funds £ £ (241,948) 187,524 (241,948) 187,524 |
|---|---|
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BRIDGE OF DON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2022
11. EMPLOYEE BENEFIT OBLIGATIONS
Pension Scheme Liabilities
The church is a participating employer in the Baptist Pension Scheme ("the scheme"), which is a seperate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers' Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimwn Pensionable Income. Since 1 January 2012, benefits have been provided through Defined Contribution (DC) Plan.
A formal valuation of the DB Plan as at 31 December 2016 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £219m, whilst the level of assets needed to pay benefits was £312m, giving a deficit of £93m (Equivalent to a past services funding level of 70%.) The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit.
Under the Schedule of Contributions, the church makes a monthly payment in respect of the DB scheme deficit, currently £4,279 (2021 - £3,161), which will increase in line with increases in Minimum Pensionable Income. The Schedule of Contributions foresees these contributions continuing until December 2028.
The Church has been advised that estimated costs for the church to buyout their Pension Scheme liabilities at March 2022 was £36,300.
12. RELATED PARTY DISCLOSURES
The charity paid £4,235 (£4,620 - 2021) to Brig Bookkeeping Ltd for book keeping services. This company owned by the trustee . The services provided and the related fees are all provided on an arms length basis.
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BRIDGE OF DON BAPTIST CH U RCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations and gifts Other trading activities Striderssales Messy play fees Investment income Rents received Deposit account interest Other income Gain on sale of tangible fixed assets JRS furlough grants Grants Council tax rebate Total incoming resources EXPENDITURE Charitable activities Trustees' pensions paid Council tax & utilities Outreach Church groups Payroll Training Officecosts Striders donations Striders supplies Miscellaneous Conference expenses Pulpit supply Grants to institutions |
2022£101,606 756 756 9,480 21 9,501 840 1,830 2,670 114,533 37,240 3,361 2,901 988 2,623 27,907 929 4,291 1,000 482 900 17,370 99,992 |
2021£100,052 275 275 8,260 6 8,266 203,170 3,176 206,346 314,939 36,650 3,857 5,482 659 969 14,863 109 4,230 2,080 240 112 553 325 17,110 87,239 |
|---|---|---|
This page does not form part of the statutory fmancial statements
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BRIDGE OF DON BAPTIST CH U RCH
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022 Charitable activities Other Equipmentmaintenance Propertymaintenance Heat andlight Cleaning andgardening Insurance Kitchen/cateringcosts Support costs Governance costs Pensions Assemblyexpenses Accountancyandlegalfees Totalresourcesexpended Net (expenditure)/income |
2022 £ 2,395 5,598 3,652 1,318 2,357 406 15,726 4,280 1,182 6,973 12,435 128,153 (13,620) |
2021 £ 4,643 4,676 3,736 1,193 2,247 |
|---|---|---|
| 16,495 3,161 1,080 5,820 |
||
| 10,061 | ||
| 113,795 | ||
| 201,144 |
This page does not form part of the statutory financial statements
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