Charity registration number SC050780 (Scotland) SCIO Charity registration number SC007337 (Scotland)
CITY GATES BAPTIST CHURCH SCIO
CITY GATES BAPTIST CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr K W McBain Mrs S A Hicks Mr D Broderick Mrs J T Bennett
Charity number (Scotland) SCIO SC050780 Charity number (Scotland) SC007337 Principal address 195A Whitehouse Road Edinburgh EH4 6BU Independent examiner M A P Taddei MA FCA CA Johnston Smillie Ltd 5 South Gyle Crescent Lane Edinburgh EH12 9EG
CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The trustees present their report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)".
Objectives and activities
The church mission statement is "City Gates Church: A community of faith, hope and love. To live by faith, to be known for love and to be a voice of hope."
The church:
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Seeks to promote the spiritual growth of its members,
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Seeks to win people to faith in the Lord Jesus Christ,
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Provides fellowship, care and support for members of the congregation and others with whom it is in contact,
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Provides support to the work of Christ elsewhere,
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Seeks to contribute to the quality of life of the community.
Achievements and performance
During the year City Gates maintain a ministry to its members and the community.
The church continued its use of the building by the community, as a venue for various groups. Through most of the year included in this report there have been choir, Pilates and counselling activities happening in the building each week. This assisted the church’s finances but also expanded our service to the community by providing local facilities.
The church also held successful events for the local community at Easter and Christmas – providing easily accessible opportunities for people to engage with these Christian festivals.
Children and youth
Alongside our all-age and adult-focussed services, the church held groups for our children and young people on Sunday mornings.
The church continued its successful Wednesday morning community group for babies and toddlers.
A new monthly Sunday evening group, called Youth Hub, was held monthly for local teenagers.
Mission
The church continued to assist Bethany Christian Trust with its Winter Care Shelter and nightly Care Van, providing teams who prepared and served food. Some financial support was also given to other mission organisations.
Membership
At the end of the year the active membership of the church was 27 (2024: 27).
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Financial review
The statement of financial activities for the year ended 30 June 2025 shows a surplus on the General Fund of £13,778 (2024: deficit of £9,506) and an overall surplus of £15,240 (2024: deficit of £10,843).
Total income increased to £69,583 (2024: £56,358), driven by higher levels of donations and increased rental income from use of the church premises.
Total expenditure decreased to £54,343 (2024: £67,201). This reduction reflects the absence of the legal and professional fees incurred in the prior year, a normalisation of insurance costs following resolution of the LCP dispute, and lower general property costs, offset in part by the accrual of the LCP service charges accrual.
At 30 June 2025, the charity held adequate cash balances to meet its short-term obligations. The church building remains the charity’s principal asset, and related borrowings continue to be serviced as they fall due. Following the surplus generated during the year, the trustees consider the charity’s financial position at the year end to be stable, having regard to the reserves policy set out below.
Reserves Policy
The Trustees have examined the charity's requirements for reserves in the light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible assets held by the charity, should be between 3 and 6 months of expenditure. The reserves are needed to meet the working capital requirements of the charity and the Trustees are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. The trustees are aware the cash in bank is below the preferred level, however various additional costs related to the building and legal fees associated with the SCIO transfer have hit those funds.
Risk Assessment
The Eldership have considered the major risks to which the Church is exposed and have reviewed those risks and established systems and procedures to manage those risks. This includes having considered potential risk including reputational, operational and financial. Where appropriate insurance has been put in place as part of the systems to reduce risk.
Structure, governance and management
The Church is congregational in polity and the Trustees (Eldership) undertake its day to day running in accordance with the Constitution. Trustees are nominated by the church from members considered to have the appropriate gifts and skills. Election is by secret ballot in accordance with the Church Statement of Doctrine, Constitution, Values, and Covenant. The term of service is three years. Retiring Trustees are eligible for reelection.
Changes to the constitution were agreed in June 2012 to give the church increased financial powers, plus clarifying the church's charitable purposes to be advancement of religion, primarily in Edinburgh.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr K W McBain Mrs S A Hicks Mr D Broderick Mrs J T Bennett
Board of Management
Church Treasurer - Mrs E Mossie Event Management - Mrs J Jack
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Trustees Responsibilities in Relation to the Accounts
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Trust Deed of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees have agreed to continue to have the accounts independently examined. The Trustees have the authority to make this decision as an audit is not required by the Trust Deed.
This report has been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS102) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The trustees' report was approved by the Board of Trustees.
Mr K W McBain
Trustee Dated: 26 January 2026
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CITY GATES BAPTIST CHURCH SCIO
I report on the financial statements of the charity for the year ended 30 June 2025, which are set out on pages 5 to 14.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply.
It is my responsibility to examine the financial statements 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. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the 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 financial statements.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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(ii) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;
have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
M A P Taddei MA FCA CA
Relevant Professional Body: The Institute of Chartered Accountants in England and Wales
Johnston Smillie Ltd Chartered Accountants 5 South Gyle Crescent Lane Edinburgh EH12 9EG 10.02.2026
Dated: .........................
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 3 59,108 - Charitable activities 4 10,475 - Total income 69,583 - Expenditure on: Charitable activities 5 33,205 21,138 Total expenditure 33,205 21,138 Net income/(expenditure) 36,378 (21,138) Transfers between funds (22,600) 22,600 Net movement in funds 7 13,778 1,462 Reconciliation of funds: Fund balances at 1 July 2024 9,690 531,849 Fund balances at 30 June 2025 23,468 533,311 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 59,108 48,656 - 10,475 7,702 - 69,583 56,358 - 54,343 42,298 24,903 54,343 42,298 24,903 15,240 14,060 (24,903) - (23,566) 23,566 15,240 (9,506) (1,337) 541,539 19,196 533,186 556,779 9,690 531,849 |
Total 2024 £ 48,656 7,702 56,358 67,201 67,201 (10,843) - (10,843) 552,382 541,539 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH BALANCE SHEET
AS AT 30 JUNE 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 10 | 707,812 | 713,300 | ||||
| Current assets | |||||||
| Debtors | 11 | 2,217 | 9,436 | ||||
| Cash at bank and in hand | 37,110 | 7,553 | |||||
| 39,327 | 16,989 | ||||||
| Creditors: amounts falling due within | 13 | ||||||
| one year | (18,336) | (15,274) | |||||
| Net current assets | 20,991 | 1,715 | |||||
| Total assets less current liabilities | 728,803 | 715,015 | |||||
| Creditors: amounts falling due after | |||||||
| more than one year | 14 | (172,024) | (173,476) | ||||
| Net assets | 556,779 | 541,539 | |||||
| The funds of the charity | |||||||
| Restricted income funds | 15 | 533,311 | 531,849 | ||||
| Unrestricted funds | 16 | 23,468 | 9,690 | ||||
| 556,779 | 541,539 |
The financial statements were approved by the trustees on 26 January 2026
Mr K W McBain Trustee
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
Charity information
City Gates Baptist Church SCIO is a charity registered in Scotland. The address of the principal office is 195A Whitehouse Road, Edinburgh, EH4 6BU.
These financial statements have been prepared under the merger method and combine the financial activities of City Gates Baptist Church (SC007337) and City Gates Baptist Church SCIO (SC050780). City Gates Baptist Church SCIO (SC050780) was established as a Scottish Charitable Incorporated Organisation (SCIO) to replace City Gates Baptist Church (SC007337) on 17 February 2021. The assets and liabilities of City Gates Baptist Church (SC007337) are still in the process of being transferred to the SCIO.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for small charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Funds are classified as either restricted or unrestricted funds, defined as follows:
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal process, but still within the wider objects of the charity.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
1.4 Incoming resources
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income can be measured reliably. All donations and gifts are included within incoming resources under either unrestricted or restricted funds according to the terms under which the donation is made and when the amount can be quantified with sufficient certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity.
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
(Continued)
1.5 Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the 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. All expenditure is accounted for on an accruals basis, is split between restricted and unrestricted funds and has been classified under headings that aggregate all costs related to the category.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Costs are allocated dependent on the activity categories of the resources expended. No costs are apportioned.
Charitable activities: Costs of charitable activities include all expenditure incurred relating to projects, including salaries of appropriate individuals and provisions of equipment and consumables.
Governance costs: Governance costs comprise all costs associated with the governance arrangements of the charity including the cost of an external independent examination.
1.6 Tangible fixed assets
As per note 10 land and buildings are recorded at historic cost and neither depreciated nor revalued during term of ownership. In the Trustees’ opinion, land and buildings have a sufficiently long useful life and high residual value that any depreciation charge would be immaterial.
Renovations represent development work carried out at the property at Whitehouse Road. Depreciation on renovations is charged over 50 years, commencing 1 March 2021.
Items of plant and machinery are depreciated at the following rate: Plant and equipment 20% straight line
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted funds 2025 £ Gift aid donations 48,104 General offerings 11,004 59,108 |
Total 2024 £ 44,306 4,350 |
|---|---|
| 48,656 |
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
4 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Charitable activities | |||
| Rental income | 10,475 | 7,702 | |
| 5 | Expenditure on charitable activities | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 5,575 | 5,732 | |
| Depreciation and impairment | 5,488 | 5,488 | |
| Insurance | 1,867 | 5,227 | |
| Printing & stationery | 29 | 81 | |
| Youth | 402 | 1,042 | |
| Misson expenditure | 3,182 | 3,870 | |
| Interest expense | 15,888 | 19,653 | |
| Heat & light (Whitehouse Road) | 4,354 | 7,663 | |
| Property repairs & maintenance (Whitehouse Road) | 13,338 | 4,099 | |
| Speakers | 150 | 370 | |
| Church resources | 343 | 1,439 | |
| Worship | 221 | - | |
| Events | 236 | - | |
| 51,073 | 54,664 | ||
| Share of support and governance costs (see note 6) | |||
| Governance | 3,270 | 12,537 | |
| 54,343 | 67,201 | ||
| Analysis by fund | |||
| Unrestricted funds | 33,205 | 42,298 | |
| Restricted funds | 21,138 | 24,903 | |
| 54,343 | 67,201 |
The Trustees consider there is only one charitable activity which is to promote spiritual growth and provide care and support to the community.
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
6 Support costs allocated to activities
| 6 Support costs allocated to activities |
||
|---|---|---|
| Governance costs Analysed between: Charitable activities Governance costs comprise: Legal and professional Independent examination fees 7 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets |
2025 £ 3,270 3,270 2025 £ - 3,270 3,270 2025 £ 3,270 5,488 |
2024 £ 12,537 |
| 12,537 | ||
| 2024 £ 9,423 3,114 |
||
| 12,537 | ||
| 2024 £ 3,114 5,488 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
No trustee expenses were reimbursed or paid on behalf of trustees during the year (2024: £nil)
9 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| 1 | 1 | |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 5,524 | 5,730 |
| Social security costs | 51 | 2 |
| 5,575 | 5,732 |
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
9 Employees
(Continued)
There were no employees whose annual remuneration was more than £60,000.
10 Tangible fixed assets
| Freehold land and buildings Plant and equipment Renovations £ £ £ Cost At 1 July 2024 467,570 1,188 262,516 At 30 June 2025 467,570 1,188 262,516 Depreciation and impairment At 1 July 2024 - 476 17,498 Depreciation charged in the year - 238 5,250 At 30 June 2025 - 714 22,748 Carrying amount At 30 June 2025 467,570 474 239,768 At 30 June 2024 467,570 712 245,018 |
Total £ 731,274 |
|---|---|
| 731,274 | |
| 17,974 5,488 |
|
| 23,462 | |
| 707,812 | |
| 713,300 |
Land and buildings consist of property at Whitehouse Road, Edinburgh. Depreciation on the renovations is charged over 50 years, commencing 1 March 2021. Title to the property was transferred to the SCIO in March 2024.
11 Debtors
| 11 Debtors |
||
|---|---|---|
| Amounts falling due within one year: Other debtors 12 Loans and overdrafts Bank loans Payable within one year Payable after one year |
2025 £ 2,217 2025 £ 176,830 4,806 172,024 |
2024 £ 9,436 |
| 2024 £ 181,636 |
||
| 8,160 173,476 |
The balance of the loan is secured on the property at Whitehouse Road.
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
13 Creditors: amounts falling due within one year
| 2025 Notes £ Bank loans 12 4,806 Other creditors 1,260 Accruals and deferred income 12,270 18,336 14 Creditors: amounts falling due after more than one year 2025 Notes £ Bank loans 12 172,024 15 Restricted funds At 1 July 2024 Resources expended Transfers At £ £ £ Building Fund 531,849 (21,138) 22,600 Previous year: At 1 July 2023 Resources expended Transfers At £ £ £ Building Fund 533,186 (24,903) 23,566 |
2024 £ 8,160 - 7,114 15,274 2024 £ 173,476 30 June 2025 £ 533,311 30 June 2024 £ 531,849 |
|---|---|
Purpose of Restricted Funds
Building Fund - the building fund represents restricted funds previously donated specifically for the purchase of the property at Whitehouse Road in addition to funds spent to date in respect of the ongoing renovation work on the property.
Transfers
The transfer in the year represents amounts transferred out of the unrestricted fund and into the restricted fund in order to reflect the use of funds for the renovations of the property.
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CITY GATES BAPTIST CHURCH SCIO CITY GATES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 July 2024 Incoming resources Resources expended Transfers At £ £ £ £ General funds 9,690 69,583 (33,205) (22,600) Previous year: At 1 July 2023 Incoming resources Resources expended Transfers At £ £ £ £ General funds 19,196 56,358 (42,298) (23,566) |
30 June 2025 £ 23,468 30 June 2024 £ 9,690 |
|---|---|
17 Analysis of net assets between funds
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | ||
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| At 30 June 2025: | |||
| Tangible assets | 474 | 707,338 | 707,812 |
| Current assets/(liabilities) | 22,994 | (2,003) | 20,991 |
| Long term liabilities | - | (172,024) | (172,024) |
| 23,468 | 533,311 | 556,779 | |
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| At 30 June 2024: | |||
| Tangible assets | 712 | 712,588 | 713,300 |
| Current assets/(liabilities) | 817 | 898 | 1,715 |
| Long term liabilities | 8,161 | (181,637) | (173,476) |
| 9,690 | 531,849 | 541,539 |
18 Related party transactions
During the year, the Elders and their immediate families donated a total of £16,750 to the Church, including associated Gift Aid.
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