ELGIN BAPTIST CHURCH SC005321 TRIJS'l"b.ES' REP()RT and FINANCIAL s'fATI.:MF.NTS YF.AR F.NI)E.:D 3 1st MARCII 2022
Church Jnforniation Truslees as ai 31103,.'?0?? Address R¢idhaven Street E4.Igin IV30 IQH BakerS Virgin Money ' 51 lligh %tTeet F.Igin IV30 IDU Barcla>s Bank LeicesteT LL87 2BB olleltors (none al present) Inde ndcnt Examiner 65 Moss Street Kcith AB55 511E
Report ofthe Trnstres The TnL5tees are pl¢d to prcseni their rep)rt tooether with the fmanciai stat¢m¢nts of thc church for th¢ year ended 31° March 2022 Sttus ofc.barity and Governitig Doeument Llgin Baptist Church is estsblished b} C.onlIU110 The chur¢h is a Scollish Clwiry (No. scIXI5321) and is recosnized by thc Inland R¢cnuc undcr rcfcrcncc nLunbcr C"R26(H. Aims aDd Affili¥lions Ihe aims of the ¢hur¢h are in litie with its Mission %wement Church is ¢(mItted to fulflling Ciod's great command and ('hrist's great Lommission through worship, mini#Th', evangelism, fellowship and discipleship." Trnste¢s The church is con8rc8atioAal in lleY its day to day running is und¢Ttskcn by the Dcacons who are also Trustees. Th¢ Tne¢S who served during the year and to the de of this reFx)rt TAEre as follows:_ Appointm¢nl of TnL%tees New Trustees arc nc)mitiaied by the existing TTU5te¢s and apFKiinted by a majorit>. of at Icjst 661 • of the church mernbers. Prior lo Ihcir appoinlm¢nL ncw Trusices would hal'e seTh'ed the church for some time in various roles and would be familiar with the church's %'alue& Its airns and objectii'es as ell as its day lo day opeTations. As of thcir induciion programme, new TruM¢es ar¢ required io und¢rstsnd their sthrutorv responsibilities. A¢hiei'emellts and Perfoman¢es Q'()VID continued to havL an impaci upon us a church in that we were for the first half of the vear still unable to function as w¢ would likc. Wc '¢r¢ able lo rn1 logLthcT ()n a %unda)' and midw¢¢k apart from thal vcry little else. however, this did not hai'e an adv¢TSC impact upon our scnsc of bclonging and also th¢ .Inancial giving. 'e have recommenced our parent and toddler wup which continues io play a vitsl part for the Nider cornmuni. as a placc for peoplc to meel. We are beginning to llke inroads as to the renovation of the building we purchased in 2020. This project has be¢n grcatly wpported by the fellowship in re(iards ryiling and "C look forAwd to the work stsring soon to refurbish it. As M'e now full}" ¢m¢rEC Out of C'()VID wc arc Ii)oking at M?ys to Te-engage with each other and the widcr commuDity. Among other events restsrted is a men'5 brcakfast. Wc continue to sUprt the work of school and street pastors &s well overseas througb a i'ariely of different organisations. We have recentl>, teamed up wlth other local churche5 lo support an initiative amongst the vouth of Morny. In what has been difficuli times we are grateful to (iod and Flis w>ple lor the w?), have been able to function and look forward to being more active Vrfithiti the wider community through our fUrbIsbed building. Prijjcipal sources of The church receives its funding from weekl) fTccwiII off¢rinJ Ind Gift Aid donations. Results for the )r The financial statements for the )'ear are set out in pages 7 to 10 ReseTh'e8 It is the practice of the church to maintain one unrestrictcd fun4 i.c the CiLT¢ral Fund (Virgin Money Current Alc) a
expenditure. This allow's sufficieni funds to cnable Ihe ongorng worl. of the church io be maintsined. The Ci¢neral Fund amounied to £86.753.)6 and above the required le%'el. Totsl reserves ineludinft the llet value of fLxcd assas a)Nl IAlancL3 on unrerricted fiJnd& designated fund5 and restricted funits amouDt¢d ro £695.475.64 Cwrant Makin Poliey The ehurch mak.es granis from its tith lfi incomc to individuals and organi7Alions ihai 8re generally known io the Tru5t¢cs and lh¢ ¢hurch. Thc bcncficiarics arc IJ)Nolved io activities ministries wmpatibl¢ wnh the church's objectives. Ststement on Risk The trusiees assess the major risk to wthich the charity is cxp)sed on an ongoin8 basis and have establisbed PTrrt¢dure5 to mitl8aie thos¢ that are idcatified as a result ofthesc reviews. Trnstees, RponSIbIliti Under legislalion relating to charities in S¢¢xland the TStee$ aTe required to prepth financial stat¢m¢nts for each financial year which give a lrne and fair i'iew of the S¢ of the church's affairs and of its incoming rcsources and pliClon of resources, includiog lis surplus or dcficit for that year. and which have been properly prepared from and are in aement with the accounling rccords of the ChUh and comply with rel,an1 disclosure requiremenis. In preparing those financial stat¢ment4 the Tn&ces are required to: Sel¢¢t suitable accounting polici¢s and then apply them consistcntly Makc judbments and estimales th 2re reaq)nable and prudent Prepar¢ the financial statements on the goin8 conccln basis unless it is inappropriate to PSuM¢ that the Church will continue its activitie5. The Trustees are r¢sponsible for keeping proper accouniinbT rc£ords which disclose with reasonabk accuracy at any time the church's fin4n¢ial $1110 and cnable the Tn1¢¢5 to ¢nsure ihe fllwic statements complv with the requiremeois of tIOn 5 of the l.aw Refonn {Miscellaneou5 Proi'isionsM%cotland) Acr L990 and tbe L'harities Accounts (Scotland) ReTrulations 1992 flowing there from. The Tru¢¢$ also have general rcsFK)nsibility for tsking such ep5 as arc reasollably open to them io safeguard thc chutch'5 assets and to prevent and detect fraud and other itre8ularities. On behalf of the Tryslees Dated l Mail O?I Truslee
1ndedtnt Exgminer's Report to the Trnstees of F.IgiD Baptist C.hur¢h I report on the accounts for the }'ear ended J111 March 2022 which set out on pagcs 7 to 10 which have bc¢n prepared on the basis of the a¢couoiing 11¢1¢5 set out on page 6. RespeciiTr¢ Responsibilities of iht Tr31¢¢5 aDd Examiners The chartty s trustccs are reSnSIble for the preparation of the accounts in accor with the terms of the Charities and 'frusttts Investment (¢Kotland) Act 2005 and the C'harities Accounts (Scotland) Kegulations 2006. The clwity trustees consider thai the audii rLy4uircmcnl of Reguiatioll l(4 I Xa) lo (c) ofthL Accounlb R¢Trul81ions does not apply. It is m), responsibility to examine the accounts as TequiTd undv s¢thion 44 { I X¢> of th¢ A¢i and io state whdher particular matters have come io my attention. Basls of IDdtpÈndent F.xaminèrs' Statém¢Dt Mv I'.xamination is carried uut in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accouniing records kw by thc charity and a comparison of the accounts presented with those records. It also includes consideration of anN' unusual Tiems or disclosures in thc accounts and seeks explanations from the 'I'nteeS concerning such matters. The procedures undertaken do n(x provide all ihc evid¢ncc that would rcquircd in audii and consqucnil). I do nol exprc&s an audit opinion on the view given by the accowits Indepepjdent Examillers, Statefft¢nt In the course of rn>' cxamination no matter has come to m). allcntion Which gives me a reasonable cause to believe th in any material respect the requirements have not been met. or 2. To which in my opinion should be drawn ill order to enable a proper underthding of the aoll to reaeh¢d. "laxMTight 65 Moss Street Keith
Accounlin% Policies The financial 5th1ements Ptave been prcpared under the historical cost convention and lld the guidelines laid down in the Stsiemeni of Recommended Practice- Acwunling and Re}rtIng b), ('harities (revised 2005) and tbc Financial RqK)rtin8 for Smaller Entitie5. Basis of Financial Statrments Thc fu¢la1 stst¢m¢nts have bccn prepared on a Rec¢ipts and Pa)Trents b&si& Church lDeome All voluntary income and bank tnieresi is aewunted for when receiveAI. Inc¢)me from (ax recoveries is accounted for re¢eived.
ELGIN BAPTIST CHURCH SC005321 Abstract of Accounts From 01104121 to 31/03/2022 BALANCE SHEET As At 31/0312022 20?2 2021 FIXED ASSF.TS C'hurch Iluildin8 C'hurch Manse Academ>, Street TOTAL FtXED ASSETS l(K).000.00 225.000.00 ioo,000.00 225.000.00 455.OiHJ.00 455,000.00 cuRRF. A&SETS Virgin Money Vir&Trin C'redit C'ard C'ash and ('heques on Iland Barela>'s lknk TOTAL CURRF,wr AS%F.TS T.768.62 129.181.78 0.00 47.719.01 240,475.64 47,614.25 176.796.03 NET A&SF.T SIIRPLUS 695,474.64 631,796.03 RESLKVF.S %uryJlus to date tarting Ralances (iains on Ini'estment Assets TOTAI. RF,.SF.RVES 6i,579.61 631.796.03 100.oo 695,475.64 102294.02 529,502.01 0.0 631,796.03 Ropres¢nted by FuDd Ilnre5tricted Funds Destgnaied Funds Restrided Funds 86.765.il 466.4IXI.(Kl 142 ilO.Ji 695,475.64 56,973.40 475.900.00 631.796.03 Unre5tri¢ted Funds comwise incom¢ received for the objects of the ¢buh Wit1Ut furth¢r Splfied PurySe and are ai'atlable as general funds. Deb'ignated Funds Are a part of the unrestricted fijnds lo be used for a particular future project or commitment. The designation fund is for athninistr8tiv¢ purFK)ses onli. and d(xs not I11}. restrict the dis¢Mioii in how lo appl). this fund. Restri¢ted Funds compris¢ income Thhich has beell received for the objects of the church and specified for a r¢stricted purpose within these objects bv the don(Y. OD behalf of tbe Trnsttts Daled 171h May 2021 TruCe
General Fund Receipts ()ffering7s (iift Aid ()ff¢rin (nft Aid Rcfvnds Dooations Designated Gift5 Tolal Relpts From 01 April 2021 to i l March 2022 From 01 April 2020 to J l March 2021 15.1fy1.46 64.307.00 17.540.41 0.00 2 22).00 99236.87 15.514.55 59,698.00 14.937.32 J.218.22 93,991.119 PaLments Minister's Salary Pension Louneil T&x Fleat and 1.1 Insurances Telephone ('hurch Repairs Manse RepaiTS ('learkini Resources JAM FTr.xpens¢s Pulpit Su C:D and DVI) Minis Fellowship F.¥[$¢9 %thtioncry and Prtnting Lic¢n5e5 l)onations B lJ and Assembly E*ees Tithe Gifis DesiLnated Ciifts L'atering I' and N.1. C'hurch Musi¢ Trdinins ('ours Bank Char£es Academy Street F,XL)enses Totsl Expenses F.xcess of Receipts over Payments Brought ForH'ard Balanc Trattsf¢r tolfrom Adjustment5 Totsl Carried Forward B212nc¢ 20.5i6.77 13.207.92 2.8 i 2.93 2.753.25 20J40.70 11.989.08 2.796.94 1.775.80 3.746.24 354.88 991.30 346.00 1,417.28 4272.70 3.7tA.93 1,106.20 3.881.29 8JOO.85 387.33 220.00 212.77 115.98 56.98 7.14 1,134.01 150.00 3,420.00 417.41 .052.31 150.00 3,420.00 5,529.00 23.94 6,566.17 6.720.69 143.01 220.(KJ 151.89 1 200.00 75&17.90 18,443.19 163,557.92 -125.047.71 0.00 1 141.60 77356.91 21,779.96 56,973.40 7,900 100.00 86,7i3J6 Pledges Academy Street LRestricied Fund) Gift Aid ()ffeTin&s Totxl Receipts Ex¢es5 of Receipts over Payments Brought fonvar(i ba]Anc¢ 6.060.(KJ
Outreach Fund Restricted Fund) Receipts Interest Total Receipts Trrom 01 April 2021 to ) l March 2022 From 01 April 2020 to 31 March 2021 4.76 21.78 4.76 21.78 Payments Resources Staiionery and Printing Advertisins 130.19 174.15 1 100.00 Total Payments Ell.xcess of Pal'ments over Rec¢1 Broughi forward balance Total Carried forward balan¢e 17425 132i8.47 13.06&98 13 466.84 13238.47 Building Fund (Restricted Fund) Reoei ()fferings (iifi Aid ()fferin tiift Aid Refunds t)onations Interest Total Recelpts 6.221.(KJ 81.661.30 21.165.88 8285.02 78,140.40 7,171.76 Q,27 117J33aO ments D¢siRnated liift Acadcmy Streei 14uildin$_ Academy Stred Tr.xw)scs Total Paymtnts F.xcess of Receipts over Pavmcnts Brought forward balatice Transfers tolfrom Total ¢arTicd fomrd balance i.000.00 79.445.60 | 50).73 1 80,949J3 36.383.87 855(.16 1.483.19 1,483.19 83. 829.24 157.21 132? 71 85J09.16 121.693.03 Emer&ency Fund (Restricted Trund) Receipts Clift Aid ()fferin Donations Total Recelpts Payments 4.( l)onations D¢sigmated Cyifts Total Pxvments .xcess uf Re¢¢ipts over Pawhents Brought t-Ot%¥ard balance Trallsfers tolfrom Totsl carrièd fonvard balau¢e 250.00 624.73 874.73 474.73 375.00 0.00 250.00 250.00 250.00. 0.00 1S(Kl27
io Contingent Liability Fund Desi8naied Trund Brought forw'ard balance Transfers iolfrom Tot21 ¢2rrAed forward bal*o¢e ?0,900. 27,300.00 Funds Total CTh¢ral Fund i1103i2022 Pled es Academy %treei Building Fund .?110312022 l)utreach t+und 3 L103ll022 .mer8ency fund i1103r2022 C'ontingent l.iability Trund 31103,Q022 Accounts Held Virxin Money 3110312022 Barclal's Bank 3110)12022 Monry C"iedTt C'ard i1103r2022 £86.753.36 £6.060.(M) £121.693.03 £1).068.98 £1.50027 £11.400.(KI £240,475iA £192.768.62 £47,719.01 -£11.99 £240,475.64 Designated (Jifts. Donations Received In Cyencral Fund Designated Gifts. Tithe Gifts Donations Given Out In General Fund £ 1.725.(Kl £1. £itXJ.L £3(KJ.CK) £1,800.00 bor I cartund Ili¥ Wiz ForBI ths.wood C'are(Ukini]ian Appl) F'rom Toddler5 Mad-l ()nCihi r I riisi Tof)Nl £150.00 To To F41Nihsii'ood C are lo tll)1hsM'ood C'are Illkranian AF1) £I.I(JI.00 ' To"fearfund Big Qui £125.(Ki l To Kenw Trust £2225.(Kl £8.465.00 Toddler's Group Q'ash in Bank 31 lQ3r2020 Takings £10.00 £14.99 £19.80 £7.99 £145.1? £3W.C £718.30 £1216.20 £1.O94.60 Bab). Equipment Phol(Kop)'ing Toys ChrIstsn Presents tX)nation to LThurch C&sh in Bank J1103r2021 £121620