Vlewfield Baptist Church (SCIO) Mebzed Annual Report and Acwunts Year Erbded 31 Marth 2022 Scottlsh Charity No. SC050750
Viewfield Baptist Church ISCIO) Contents of the Finandal 5tatementsfor the yeorended 31 March 2022 Page Church information Trustees, Annual Report Report of the Independent Examiner Statement ofReceipts and Payments Statement of Balances Notes to the Financial Statements 9-15
Viewfield Baptist Church (SCIO) Churth Inforrnationfor the yearended 31 Morch 2022 Trustees ne 2022} edJune 2021) tired June 20211 tiredJune 2022) ne 2021J une 2022) 21) Principal Address Viewfield Baptlst Church 2 Viewfield Terrace Dunfermllne Fife KY12 7HZ Tel: 01383 620465 Web Slte: www.viewfield.or8.uk Bankers Bank of ScotlaTKI I BDthwell Street Dunfermline Fife KYII 3AG CAF Bank 25 Kin85 Hill Avenue Kings Hill, West Mallin8 Kent ME19 4JQ Sollcltor5 ary Public Diakonego Legal SeNkes Limited 48 Speirs Wharf Glasgow G4 9TH Independent Examiner Certified Chartered accouniant Priory Accountlng & Tax Ltd S Luscar Place Gowkhall KY12 9RB
Viewfield Baptist Church (SCIO) Trustees, Annual Report The Trustee5 are pleased to present their report together with the Accounts of the church for the year ended 31 March 2022. The 2022 0)mparatlve rureS on Pages 7-15 represent MerEed Accounts with the unincorwrated charity, Viewfield Baptist Church Iscottish Charity No. Sc6526). Status of Charlty and Governlns DuMeTht Viewfield Baptist Church ISCIOI, SC0507501s a Scottish Charltable Incorporated Organi5ation that has been Sel up to replace the previou5 Choritable Organisation, ViewrId Baptisl Church, SCCMJ6526, on 4, February 2021. It is governed by the SCIO con5titutlon and regulated by the Office of the 5cottlsh Charity Regulator (Oscrl. Previously, the church's affalrs were operdted by Viewfiekl Baptlrt Church {"the church") whlch wa5 established by Constitution and is a kottish Charty. No. SC6526. Consent was gNen by the Office of the Scottlsh Chalrity Regulator {0rI on l Juty 2021 to wind up the charity Including the transfer of assets to the SCIO. At the signing datè of the Merged Accounts for the year ended 31 March 2022, the windin£ up is in progre Alm and Affiliation The VSsion Statement {aiml of the church is °to enoble pe¢wle to tecamefully devotedfollowers ofjesus Christ." The church is affiliated to the Baptist Union of Scotland. Offi¢e Bearers and Trurtees The chu rch is congregational in tts Method of governrnent. The admSni5tration of the church'5 business is undertaken by the Pastor and Deacons. For the pUrse of charity law, the Trustees are ihe Pastor and Deacons. The Trustees who served during the year and to the date of this report were as follows: Trustees Chaimian Secretary nanclal Admlnistrator Pastor Deacon Deacon Deacon (apPntedjue 2022J Dean (apptedJue 2021) Dick Deacon fretiredjune 2021) Deacon Deacon Deacon (retire6June 2022J t*awn {retlredJune 2021J Deacon fappntedjve 2021J Deacon (tiredJUne 2021J Deacon The Trustees understood their ststutory reSnSIbIlitieS during the accounting period. Appointrnent ot Trustees Pastor. he ts the person who is called to serve the church as it5 full time Minister. He reNe5 from the church a stipend and an allowance for the use of hls house as a manse along wlth such allowances as the church may from time to time agree. He 15 accredited by ihe Baptist Union of Scotland. The ba515 of his appointment as Trustee is contalned in the church Constitution land Workin8 PTrctice Ibl- He 15 requireé to understand his statutory responsibilitie5 a5 an Office Bearer in the church.
Viewfield Baptist Church {SCIO} Trustees, Annual Report (conllnued) Deacons: church members are nominated and elerted for appjintment to this office in terms of and In accordance with the procedure set down in a related Ststement of Practice. They are famlllar wlth the church's values, aim and objectives as well as its day-to-day operation5. The basi5 of their appointments is Contained in the church Constitution land Working Practi lal. Since September 2016, all Deacons are Trustees. There is no fixed term for Trusteeship. Prlor to theSr appointment, new DeaconslTrustees would have served the church for some time in various roles and would be familiar with the church's values. its aim and objectives as well as its day-to-day operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilitie5.
Viewfield Baptist Church (SCIO) Tru5teeg Annual Report (continued) Achievements and Performan The 2021122 year began, as the previous year had ended, no longer in a lockdown sltuatlon but wlth the church unable to meet in-person for worship. Online SurKlay services and midweek prayer meeting5 continlsed to be the only option forioining in worship together. This situation continued until 2 May 21 when, following the easing of restrictions, we were able to meet in person again. However, this was still limited to 50 in number subject to social distancing. Despite these restrictions. it was p055ible for number of baptisms to take place. From the beginning of lune restrictions were further eased and allowed an increased number to attend our services. Rebuilding post pandemit has been a slow process and an immediate retum to full attendance at in-person services was somewhat limited at first. However, as time has progressed we have experienced a Stea stream of new people worshiping with U5 and. it 15 Worth noting, a number of people have done so as a result of followir)g our online Services introduced at the beginning of the first covid bckdown. A new ministry was introduced in November for those who were still uncomfortable joining with a larger group of people post covid. Brew and Blether, as it is named, has provided an opportunity to meet for fellowship and share aftemoon tea on a Sunday in a more comfortable environment. On I" July 2021 Viewfield Baptist Church finally completed its move to a Scottish Charitable Incorporated OrBanisation. This change of charitable status has necessitated the provision of a new constitutlon for Viewfield Baptist Church. As a consequence. we have had to come to terms with some new terminology. For example. the Diaconate is now known a5 the Leadership Team and although this 15 still made up of Deacons elected by the membership, the new constitution places greater emphasis on their role as trustees of the charity- The Leadership Team currently has 12 members includlng our Pastor and continues to manage the spiritual and temF4)ral matters of the church and to lead the church In discerning God's will. As part of an ongoing review, we have also re-structured the organisation of the church to ensure that there 15 clear oversight and assigned responsibility for each area of ministry. The Soft Play. Sensory Room and Community Café project has continued to be our primary vision. This will be an exciting new ministry offering an affordable 50ft play facility together with a much needed sensory room providing sensory stimulation for both children, and perhaps adults. with additbonal support needs: all supported by a new community café. As part of this project the church kitchen has already been upgraded and the projert fund continues to be well sUPPOrted. Once the level of funding Is sufficient, the preparatory work to install the soft play will commence. This will include redecoration of the church hall. replacement of the current heating system wtth low surface temperature radiators and the installation of new lighting and broadband networkirE. A number of applications to grant awardlng bodies have been made and the initial response to this has been encouraging. If the project fund ¢ontSnues to grow, it is expected to commerKe installation of the soft play equlpment in the spring of 2023. Early slgns of the return of our room hire clients look promising. This ha5 allowed us to further develop our"Centre of Hope" concept wiihin the Viewfield Centre. The redecoration of some of the rooms within the Viewfield Centre has also added to its desirability as a place which provldes a comfortable environment for groups or individuals to meet. The move of the Drop-ln ministry to the VSewfield Centre, together with Its change of name to "Oasis" and the development of a monthly "Brew and Bletherf, meeting aimed at those finding the retum to church difficult post covid, further build5 on the idea of a multi-use ntre serving the need5 of our community. Our other 8roups and organisations have returned to meeting regularfy and have also experienced growth. The midweek "Small Group" meetings, in particular, have increased in number and include a mix of in-person and online meetings. During this past year we have also maintained a strong COnnectn with our fellowship through the ongoing work of the Pastoral Care Team which regularly monltors needs and reports back to the Leadership Team.
Viewfield Baptist Church (SCIO) Trustees, Annual Report (contlnued) Financial Review Principal sources of lundir¢ The church re¢efves its fundlng from church members by way of weekly offerlngs. donatsons, and Glft Aid donations. Results for the year The Account5 for the year ended 31 March 2022 have been prepared on a Receipt5 and Payments basis. The Accounts for the year are set Olrt in pages 6 to 14. Per the Ststement of Receipts and Payments on page 6, the church reflects Net Receipts for the year11.e. a deflcit) of £31.50912021- surplus of £IS,5371, Reserves Policv It is the policy of the church to mainiain unrestrirted funds, l.e. fuThJ5 not commltted or invested in fixed assets, at 3 level which equates to approximately three months of unrestricted expenditure. Thi5 allows sufficient funds to enable the ongoing worf( of the church to be maintained. The General Fund Ipage 71 at 31 March 2022 amounted to £43,16912021- £61,335) which is above the qUired level, but provide5 good basis for planned development of our vision and ministries Grantrrnaking policy The church makes grants from its income to indNiduals and organisation5thal are generally known to the Trustees and thè church. The benefldaries are involved In actfvlties or minlstrie5 cornpatible wilh the church's objectives. Independent Examiner The Trustees have appointed Dora Levai BA Hons ACCA (Priory Accountin8 & Tax Ltd) as Independent Examiner, and recommend that she remains in Offi until further noilce. This report was approved by the Tru5tee5 on ...12 .1)ecember 2022 and signed on their behalf by. Trusteelsecretary
Viewfield Baptist Church (SCIO) Report of the Independent Examiner to the Trustees on the Unaudited Flnandal Statements Df Wiewfield Baptist Church (SCIO) I report on the Accounts of Viewfield Baptist Church ISCIOI for the year ended 31 March 2022 which are Set out on pages 6 to 15. Respocuve Responslbilltles of Trustees and Examlner The charitvs Trustees are resFKinsible for the preparation of the Accounts in a¢¢ordance with the terms of the Charities and Trustee Investment Iscotlandl Att 21JJ5 and the Charlties Accounts IScDtlandl Regulations 2(KJ6 1.2006 Accounts Regulations"). The charlS Trustees consider that the aUdt requlrement of Regulatlon 10111 lal to Ic} of the 26 Accounts Regulatk)ns does not apply. It is my responsibility to exatnine the Accounts a5 required under seCtn 4411) Icl of the Act and to State whether partlcular matters have come to my attentlDn. Basis of Independent Emaminerfs Statements My examination is carried out in accordance with Regulation 11 of the 21)J6 Accounts Regulatbns. An examlnation 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 Item5 or disclosure5 in the accounts. and seeks explanatn5 from the Tlee$ concerning any such rnatters. The procedures undertaken do not provide all the evldence that would be required in an audit. and consequently I do not express an audtt opinion on the view given by the kcount5. Independent Examinerf5 Statement In the course of my examination, no matter has come to my attention whieh gives me asonable cause to believe thal In any material respect the requlrements.. to keep accounting COrdS in accordance with Section 44(11 lal of the 2(KlS Acl énd Re8ulation 4 of the 26 Accounts Regulations, and to prepare financial statements which accord with the accounting records and compw wlth Regulation 8 of the 2C(J6 Accounts Regulations have not been met, or to which, in my opinK)n. attention should drawn in order to enable a proper under5tsndlng of the financial statements to be reached. Certified Chartered accountant Priory Accounting & Tay Ltd 5 Luscar Place Gowkhall Dunfermllne KY12 9RB
Viewfield Baptist Church ISCIO) Statsment of Receipts and Payments yeurended 31 March 2022 2022 Total Funds 2021 Total Funds General Funds Restrltted Fund5 Notes Receipts From qenerotedfvnds Voluntary Income 127,440 26,764 154,205 165,513 From charitable artivitles 11.744 11,744 2,289 Investment income Bank interest 49 Total 139.193 26,764 165,957 167.851 Total Receipts 139,193 26,764 165,957 167,851 Payments Charitable activities Independent Examinels fee 156,519 40.107 196.626 151,475 Total 157,359 40.107 197,466 152,315 Asset and investment purchases Fixed asset additlons Total Payments 157,359 40.107 197,466 152,315 Net Receiptsllpayments) {18,1661 {13,3431 131,5091 15,537 Surplusl{Deficlt) for year 118,1661 113,3431 131,5091 15,537 The notes on pages 8 to 14 form part of these Accounts.
Viewfield Baptist Church ISCIO) Staternent of Balances As at 31 March 2022 2022 Total Furnls 2021 Total Funds Unrestricted Funds Re5tritted Funds Notes 8ankand Cash in Mand Opening balances Surplu5/lDeflcitl for the year 61.335 118,1661 27.159 113.343) 72.957 15,537 (31,509) Uoslrvd Balances 43.169 13,816 56,985 88,494 Re5er¥es General Fund Resirl¢ted Funds 43,169 43,169 13,816 61,335 27,159 13.816 aoslng Balances 43,169 13,816 56,985 88,494 A5$et5 Fixed Assets 972,556 972,556 97256 972.556 Debtors Income tax on Gift Aid Income due from Room Hlre Grants due to be received Other debtor 306 2,170 2,31D 4,036 2.310 4.173 4,036 liabilitie5 Independent Examiner's Fee Penslon L5ablllty 13 14.7C¥J 15,540 The notes on pages 8-15 form an inteÉral part ofthese Accounts. Approved by the Trustees on .......,.. December 2022 and signed on their behalf by: Trustee Trustee
Viewfield Baptist Church ISCIO) Notes to the Accountsfvr the yeGr ended 31 March 2Q32 Accounting pollcles Bosis oAA¢counting The Account5 have been prepared on a Receipts and Payments basis in accordance with the Charities and Trustee Investment Iscotlandl Act 25 and the Charities Accounts (Scotlandl Regulations 2IYJ6 las amended). VAT The church is not re8lStered for VAT and, accordingfy. expenditure includes VAT where appropriate. Purposes oAFunds Unrestrirted The General Fund encompasses all income and expenditure relating to primary focus artivlties of the church, other than those for which funding is re5trlcted. Restrlcted The Projert Fund represents lunds which are to be used, following consultation with the church members, for carrying out major projects, for example, related to the church or Centre buildings. The Speclfled Causes Funds represent funds which are to be distributed in accordance with the wishes of the donors. Church Expenditure (Resources Expended) LocalMinistrie5 represents expenditure on the church's weekly activitles and ministries. Nationol and Oversea5 Ministries represent the church's giving to other Christian mini5trie5 whose activities are compatible with the church's obiectNes, Property and Resources represents expenditure on the upkeep of the church's buildings. Governonce Costs include those costs associated with meeting the constitutional and statutory requirements of the church and include the Independent Examinerfs fee. Tanglble flxed assets Per the Statement of Balances on pa8e 7, Fixed Assets of £972,556 comprise the depre¢lated value of the church's Fixed Assets at 31 March 2022.
Viewfield Baptist Church15CIOI Notes to the Accounts for the yeor ended 31 Morch 2022 4. Voluntsry Incon 2022 Total 2021 Total General Restrlcted Standlng Orders & Envelopes Income Tax reclaimed Sunday offerings Donations Other income Grants lincl. JRSI 99.939 21.796 705 11.918 5.(K13 111,858 26,798 705 7,825 922 6,097 116,032 22,718 5,985 183 3,675 15,930 129 739 2,422 10,705 127,440 26,764 154,205 165,513 5. Income from Charftable Artivities Centre Income 11,744 11,744 2,289 11,744 11,744 2,289 6. Charitsble Activitie5 Slaff Other Dlrect Propertv Costs 2,022 Total 2,021 Total Activity Local Ministries National Ministries Specified Causes 94.372 12,620 13,570 31,253 35.957 142,949 13,570 40.107 123,974 12,940 14,561 8,854 103,226 57,442 fnote 7J (notes 8&9) 35,957 (note IOJ 196.626 151,475 (¥which.' Relating to Unrestricted Funds 94,372 26,1 35.957 156,519 136,914 Relating to Restricted Funds 8,854 31.253 40,107 14,561 io
Viewfield Baptist Church ISCIOI Notes to the Accountsfvr the yeor ended 31 March 2022 7. Staff costs and expenses Pastor Other 2022 2021 General Fund Gross salaries Employer's NIC Pension costs Pastor & staff expenses Specific Funds Drop-in Co-ordlnator Empoyer's NIC Drop-in Co-ordinator Expenses Children & Families Worker 46,725 1.714 8,226 2.714 33,288 589 699 80.013 2.302 8,925 3,132 72,022 1,541 1,689 3,102 418 5,383 3,219 779 594 496 2.975 496 59.378 40,873 I,251 82,946 The average number of employees in the year, calculated on a full time equr¥alent basis, vrds 3.0 12021- 2.61 No employee received remuneration of£60.CWor more duringthe period. 8. Lal Mlnislries- (Other Dirert Costs) Total 2022 Total 2021 General Restrfcled Mlnistry Costs Youth and Education Children's Club other ministries Outreach Pulpit Supply Ministry resources Tralnin8 & Dlsclpleshlp Assèmbty Pastoral discrection Church offKe costs Printing and stationery Telephone & Postage Sundry expenditure Trust monagement Solicitor other Centre Coffee Shop ministry Food supplies Consumables Equlpment 1,591 174 2,337 320 1.591 174 2,337 320 130 39 20 120 150 731 450 1,435 404 39 20 8,300 572 120 150 120 145 1,713 1,251 1,713 1,251 1,697 1,206 807 3,180 140 3,180 140 675 192 12,254 12,254 16,734 Allocated as follows: Local mlnlstrles 12,254 11254 16,734 12,254 12,254 16,734 li
Viewfield Baptist Church1SCIO) Notes to the Ac¢ounts for the year ended 31 March 2022 9. National and Overseas Mlnistries- (Other Dire¢t Costs) 2022 Total 2021 Total General Restricted Mission costs BMS World Misslon AIM (Georgette Shortl Scott15h Baptist Fund Scottlsh Baptlst College Other donations Specified cau5e5 payments 4.440 5,460 1,020 1,020 1.020 850 31.253 31,253 9,969 13.570 31.253 44.823 22,689 Allocoted asfollcws.. National Mlnistries Specified Causes 13,570 13,570 31,253 12,940 9,969 31,253 10. Property Costs 2022 Total 2021 Total General Restricted Rates and insurance Heat and light aeaning aeanin8 supplies other running costs Church maintenance Centre maintenance 3.179 9.614 7.IS3 573 625 6.582 8,231 3,179 9,614 7,153 573 625 6,582 8,231 4,710 10,233 2,497 529 2,897 1,020 35,957 35,957 21,886 Allocated asfollows.. Local Mlnistries 35,957 35,957 21,886 12
Vlewfield Baptlst Church ISCIOI Note5 to the AttJntsf0r the yeor ended 31 March 2022 11. Restri¢ted Fund5 Balance at 01.04 Balance at 31.03.22 Receipts Payments Transfers Project Fund Specified causes.. BMS Birthday Scheme BMS General Fund BMS Harwest Appeal Specified Gifts Drop-in Viewfield World Mission Children & Famllies Viewfield Toddlers Vision Romania 26.636 13,772 28,557 11,851 261 319 450 261 319 450 615 5.879 210 2.975 287 552 185 1,780 438 85 7.222 125 2,975 287 552 27,159 12.992 11,550 13,817 Total Restricted Funds 27,159 26,764 40,107 13,817 Movement 113,3431 ExplanatloTr of Funds Restrlcted Funds: There are donor designated fvnds whlch Must be used for a specifi¢ purpose. Prolect Fund: represents fund5 which are to be used, followin8 consultation with the church members, for carrying out major projects, for example. related to the church or Centre buildings. Speclfied Causes: represents funds which are to be distributed in accordance with the wishes of the donors.
Viewfield Baptist Church (SCIO) Notes to the Accountsfvr the year ended 31 Morch 2022 12. Trnstees, Remuneration and Expenses No Trustees reiVed remuneration nor reimbursed expenses during t..e year to 31 Nl.arch 2022 12021- Nlll In thelr capacltyasTrustees. Details ofsalary pald to his capaclty as Pastor are outlined in Note 7 on page 11. See also Note 13 on page 13. 13. Penslon Obligation5 The Church is an employer participating in a pen%on scheme known as the Baptist PenSn Scheme 1.the Scheme"). The Scheme is a separats legal entity which is administered by the Pension Trustee (Baptist Penskin Trust Llmitedl. The Minlsterlsl land some members of the church staffJ Is l are eligible to loln the Scheme. Slnce January 2012, pension provision has been made through the Deflned C4)ntribution (DCI Plan within the Scheme. In general. mernber5 pay 8% of their Pensionable Income and ernployer5 pay 6% of members, Penslonable Incorne into indfvidual pension accounts. In addrtlon, the ernployer pays a further 4% of Pensionable Income lor 3% if the employer 15 in the segregated DC section} to cover Death In Service BenÈfits, administration tost5, and an associated insurance policy which provides income proteclion for Scheme members in the event that they are unable to bvork due to long-term incapacty. This income protection polic¥ has been insured by the Baptist Union of Great Britain wlih Avfva. Members of ihe Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a totsl of 5%. Benefits in respert of service prior to l January 2012 are provlded through the Defined Benefit IDBI Pla n within the Scheme. The maln benefits for pre-2012 servlce were a dèfin@d benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together wlth additional pension in respect of premlums pald on Pensionable Income in excess of Mlnlmum Pensionable Income. The Scheme, previously known as the Baptlst Ministers, Pension Fund, started in 1925, but was closed to future a¢crtsal of deftned benefits on 31 Dec£mber 2011. A lormal valuation of the t*llned Benefit IDB} Plan was perfonned at 31 December 2019 by a professionalty qualified Actuary using the Projected Unit Method. The market value of the DB Plan assets at the valuatlon dale was £298 milllon. The valuation of the DB Plan revealed a def11 of assets compared with the value of liabilities of £18 mllllon 1equ1vant to a Past service funding level of 94%). As a result of the valuation, in addition to the contributions to the DC Plan set out above, tt was agreed that the standard rate of deficienry contributions from churches and other employers involved in the DB Plan wlll remain at prevlously agreed levels, increasing each year in line with increases in the Mlnimum Pensionable Income. The deficiency contributions are broadly based on 12% of Pensionable Income l Mlnimum Pensionable Income, reflecting each ernployerfs contributions in March 2015. Some employers that were Involved in the D8 Han for a short period pay lower coniFlbutlons. The Trustee and the Council agreed a 50% reduction for all deficiency contributions payable between l July 2020 to 31 December 2020. In addition, the Baptist Union of Great Britain agreed to contribute a lump sum of £0.5m by 31 December 2020. The current Recovery Plan dated 30 Septernber 202a envisases deficiency conlributions continuing until 30 June 2026. The key financial assumptions underlylng the valuallon were as follows: 14
Viewfield Baptist Church (SCIO) Notes to the Accounts for the year ended 31 March 2022 13. Pension Obligations (contsnued) Type of assumption RPI price inflation assumption CPI price inflation assumption 3.20 2.70 Minimum Pensionable Income increases {CPI plus 0.75% pa) 3.20 Assumed Investment returns - Pre-retirement 2.95 Post retirement 1.70 Deferred pension increases Pre April 2(X)9 Post April 2(KJ9 Penslon Increases 3.20 2.70 As there is a large number of contributing employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the scheme. Accordingly. due to the nature of the Scheme, the profit and loss charge for the perK)d represents the employer contributions payable. The total penslon cost for the Church is £8.22612021 £8.6891. The Church has been advised that the estimated cost for the church to buy out their Pension Scheme liabillties after the year, as at 31 March 2022, was £5.8(X). This Is the Closest estimation available for the pension debt shortly after 31 March 2022, and therefore this has been included in the 2022 Annual Report. The next actuarial valuatlon ol the DB Plan within the Scheme is due as at 31 December 2022. 15