Scottish Charity No. SC052932
Bristo Baptist Church SCIO
Trustees’ Report and Financial Statements For the year ended 31 March 2024
) Bristo Baptist Church SCIO
Contents of the Financial Statements for the year ended 31 March 2024
| Page | |
|---|---|
| Report ofthe Trustees | 1-2 |
| Reportofthe Independent Examiner | 3 |
| Receipts and Payments Account | 4 |
| Statement ofBalances | 5 |
| NotestotheFinancialStatements | 6-8 |
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Bristo Baptist Church SCIO
Report of the Trustees for the year ended 31 March 2024
The Trustees are pleased to present their report together with the financial statements of the church for the year ended 31 March 2024.
Status of Charity and Governing Document
The church is established by constitution. It is a registered Scottish Charity. The church changed legal entity with effect from 31 December 2023 from being an Unincorporated Voluntary Association (‘Bristo Baptist Church’, Scottish Charity SC008175) to becoming a Scottish Charitable Incorporated Organisation, (‘Bristo Baptist Church SCIO’ - Scottish Charity $C052932). This exercise has involved a transfer of assets and liabilities between the organisations as of the date above but had no bearing on the day-to-day operation or functions of any of the ministries within the church. The financial statements show the merged finances of the two organisations covering the period from 1 April 2023 to 31 March 2024.
Aims and affiliation
The aims of the Church are congregational worship as a fellowship of believers, building up the faith of those in the fellowship through regular small groups, reaching into the neighbourhood around the church through organised evangelistic events and other activities, and working with the wider church, both in the Baptist community and inter-denominationally.
The church is affiliated to the Baptist Union of Scotland and the Evangelical Alliance.
Trustees and Office Bearers
The church is congregational in nature and its day-to-day running is undertaken by the leadership team which remained more or less stable during the year. The Office Bearers who served during the year and to the date of this report were as follows: Trustees: Treasurer: Secretary: Pastoral team:
Appointment of Trustees
Trustees currently consist of the Diaconate of the church, the Pastoral team members, and the Treasurer. On election a Deacon automatically becomes a Trustee. Prior to election to the Diaconate (by a majority of voting church members) a member will have served the church for some time in a variety of roles and would be familiar with the church’s values, aims, objectives and its day-to-day operation. As part of their induction new Trustees are required to understand their statutory responsibilities.
Activities
During the year the church met regularly for worship and carried out various activities in pursuit of the above stated aims.
The church met as a congregation on Sundays for morning worship, either in person at the church premises or online via Zoom. There was a weekly online Bible Study, as well as an evening prayer meeting once per month. We also held joint services on occasion with other Christian fellowships in the area, particularly with our sister church Granton Baptist, and with a local Telugu Fellowship group which holds monthly meetings in our building.
The church has continued to facilitate several community-based activities throughout the year, such as a twiceweekly toddler’s group, and a family-oriented monthly ‘Messy Church’ service, a youth music group ‘Picks and Sticks,’ and quiz nights.
There were several ongoing groups and activities for outreach and ministry, such as the evangelistic ‘Street Café. There were also regularly scheduled prayer meetings, including a weekly prayer session for conflicts around the world, and ‘prayer walks’ held around the neighbourhood.
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' Bristo Baptist Church SCIO
Report of the Trustees for the year ended 31 March 2024
The church has additionally supported individual members in ministries outside the church, such as Street Pastors and the Bethesda-Khankho Foundation.
Finances
Resultsfor the year
The Receipts and Payments Account reflects a surplus of £2,084 for the year.
Reserves
It is the policy of the church to maintain unrestricted funds at a level which equates to approximately three months unrestricted expenditure that allows sufficient funds to enable the ongoing work of the church to be maintained; this amounts to £31,224. The unrestricted funds on page 5 at 31 March 2024 amounted to £145,587 which is above the required level.
Donations of services and facilities received
No material donations of services and facilities have been received in the year other than people volunteering their time to assist with church activities.
Administration details
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Bankers
Bank of Scotland
Virgin Money
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On behalf of the Trustees
UNe/ 2024
Dated:. | ;a-
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Page 2
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Bristo Baptist Church SCIO
Report of the Independent Examiner to the Trustees for the year ended 31 March 2024
I report on the accounts of the church for the year ended 31 March 2024 which are set out on pages 4 to 8.
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 trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts 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 ts carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 seeks explanations from the trustees concerning 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 the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements: e to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
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e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations (as amended)
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: a 9. 0 4. 1044
Page 3
Bristo Baptist Church SCIO Receipts and Payments Account
For the year ended 31 March 2024
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restated|
|Notes|Generalfund|Designatedfund|Restrictedfunds|Total’2024|Total2023|
|Receipts|£|£|£|£|£|
|Offering (Standing|orders &|Envelopes)|40,126|-|-|40,126|39,724|
|Offering|(Open)|12,023|-|-|12,023|9,907|
|CAF GAYE|offerings|5,614|-|-|5,614|7,949|
|Offering|(Card|machine)|1,475|-|-|1,475|-|
|Gift|Aid|reclaimed|11,675|-|-|11,675|10,958|
|Special|Offerings|-|Bethesda Khankho offerings|-|-|887|887|486|
|Special|Offerings|-|Other|:|-|-|-|-|
|Amiel|Drive|rental|(net of expenses!|4,940|-|2,470|7,410|7,027|
|Church|flat|rental|8,861|-|-|8,861|8,400|
|East|Craigs|property|rental|15,061|-|-|15,061|12,393|
|Church|halls rentals|41,323|-|-|41,323|46,417|
|Legacy and|large donation|9,255|-|-|9,255|-|
|Other income|536|-|-|536|646|
|Interest|948|168|56|1,172|155|
|Total|receipts|151,837168|S413|155,418|144,062|
|Payments|
|Staff costs|
|Gross|salaries|and|Employer's|NICs|80,026|-|-|80,026|73,998|
|Pension|contributions|(Employer)|6|8,298|-|-|8,298|7,693|
|Staff related expenses|233|-|-|233|273|
|Property|costs|
|Large Capital|Projects|7|4,014|-|-|4,014|=|17,228|
|Church|insurance|3,675|-|-|3,675|4,001|
|Electricity|4,126|-|:|4,126|1,646|
|Gas|13,431|-|-|13,431|5,582|
|Equipment|2,241|-|-|2,241|1,095|
|Telephone|and|internet|782|.|:|752|566|
|Church|repairs|4,162|-|-|4,162|3,334|
|Church|flat|repairs|service|and other|costs|2,144|-|-|2,144|752|
|East|Craigs|property|repairs,|factor,|insurance|and|other|costs|6,271|-|-|6,271|1,319|
|Property|Management|(rentals)|671|-|-|671|-|
|Church|cleaner|4,990|-|-|4,990|4.625|
|Cleaning supplies|1,357|-|-|1,357|1,357|
|Pest|control|428|-|-|428|403|
|Gardening|services|162|-|:|162|144|
|Mission|and|Ministries|
|BUS|fees|and BUS|assembly|fees|1,890|-|-|1,890|1,990|
|Fees|and subscriptions|1,840|-|-|1,840|1,426|
|Mission|and|ministries|817|-|-|817|17]|
|Pulpit supply|230|-|-|230|-|
|Childrens|work (funded|by|the|Fair Trust)|10|-|2,502|2,512|1,700|
|Fellowship|fund|(for|hardship|purposes)|:|-|:|-|-|
|Bristo|Anniversary|-|-|-|-|-|
|Donations|out|- Bethesda|Khankho|1250|-|792|2,042|986|
|Donations|out|-|other|-|-|-|-|600|
|Administration|and|other|costs|
|Independent|examiner's|fee|-|-|-|-|-|
|Accountancy,|legal|and|payroll|fees|5,561|-|-|5,561|2,812|
|Sundry expenses|1,458|-|-|1,458|1,417|
|Total payments|150,040|-|3,295|153,334|135,118|
|Surplus/(deficit)|before|transfers|1,797|168|119|2,084|8944|
|Transfer|between|funds|-|-|-|-|-|
|Surplus/(deficit)|after|transfers|1,797|168|119|2,084|8,944|
|Total|funds|brought forward|87,762|55,860|8,509|152,131|143,187|
|Closing fund balance|BI,55F|36,028|8,628|154,215|152,731|
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Page 4
Bristo Baptist Church SCIO
Statement of Balances
As at 31 March 2024
| Notes | Notes | Notes | 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |||||||
| Opening | Surplus | Closing | Opening | (Deficit) | Closing | |||||||
| balance | foryear | balance | balance | foryear | balance | |||||||
| Total bankbalances | 152,131 2,084 i |
154,215 | 143,187 a |
8,944 | = 1§2,131 | |||||||
| Represented by: | ||||||||||||
| Unrestricted fund | 4 | |||||||||||
| General | 89,559 | 87,762 | ||||||||||
| Designated - Salaries | 30,060 | 30,000 | ||||||||||
| Designated - Fabric fund | 26,028 | 25,860 | ||||||||||
| 145,587 | 143,622 | |||||||||||
| Restricted funds | 5 | |||||||||||
| Bethesda Khankho | 95 | - | ||||||||||
| Hamilton | 2,808 | 2,790 | ||||||||||
| Cromer | 894 | 888 | ||||||||||
| FairTrust | 4,831 | 4,831 | ||||||||||
| 8,628 | 8,509 | |||||||||||
| 154,215 | 152,131 | |||||||||||
| a | aE | |||||||||||
| Statement | ofassets at 31 March 2024 | |||||||||||
| Fixed assets (at cost) | ||||||||||||
| Church, including church flat(2013 Manse |
valuation) | 750,000 280,000 |
750,000 280,000 |
|||||||||
| Flat, | 158,000 | 158,000 | ||||||||||
| 1,188,060 | 1,188,000 | |||||||||||
| ee Dl | 2 | |||||||||||
| In the event ofthe sale ofthe flat at[. Trust restricted fund. |
[. | one third | ofthe | the proceeeds | will be | transferred back | into the Fair | |||||
| Other | assets | |||||||||||
| Gas overpayment | 1,732 | - | ||||||||||
| Tax reclaim due (estimate) | 14,742 16,474 |
11,406 11,406 |
||||||||||
| Statement of liabilities at 31 March 2024 | ||||||||||||
| Invoices due forpayment | 824 | 671 | ||||||||||
| Rental | income received in advance | 2,672 | 2,344 | |||||||||
| . | 3,496 | 3,015 eStk |
Thebehalf financial by the statementsundemoted: on pages 4 to 8 were approved by the Trustees on 2afo4| ..... 2024 and signed on their
Trustee/Joint Secretary
The notes on pages 6 to 8 form part of these financial statements.
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Bristo Baptist Church SCIO
Notes to the Financial Statements for the year ended 31 March 2024
1. Accounting policies
Accounting convention
The financial statements have been prepared in accordance with the Charities Accounts (Scotland) Regulations 2006 {as amended).
Basis offinancial statements
The financial statements have been prepared on a receipts and payments basis.
All income and expenses are accounted for when received or paid. Expenditure includes any VAT and is reported as part of the expenditure to which it relates.
Receipts and Payments Account
For the purpose of the Receipts and Payments account, funds are defined as follows:
Unrestricted funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds.
Designated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes.
Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.
Pensions
The Church does not operate a pension scheme for staff members, but allows the staff to participate in the pension scheme operated by the Baptist Union of Great Britain and Ireland. Pension costs are included in the year in which they are paid.
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Bristo Baptist Church SCIO Notes to the financial statements
For the year ended 31 March 2024
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Transactions with Trustees 2024 2023 -RemunerationRemunerationpaid paid tot ~~i~~ , withemployees Trusteesof[the][churct] 85,219 78,977 - RemunerationRemuneration paidpaid forto cleanin ot, Trustee, for churchis brotherresidential ofa Trusteeproperty mgmt and mtcc 4,990671 2,9790 -Remuneration paid to wife ofa Trustee, for church residential property cleaning 100 0 -Remuneration paid to brother in law of a Trustee, for repairs 1,18] 590 Remuneration is in accordance with the Charities and Trustee Investment (Scotland) Act 2005. Authority to remunerate these individuals is within the church's constitution, and written agreements are in place for this work No balances relating to the above transactions were outstanding at year end (2023: None) |No charity trusteea Trustee received of Bristo payment ofBaptist Churchexpenses (2023:SCIO, is None)chair and a trustee of the charity Bethesda Khanko International (BKI), a charity based in Scotland set up to support Bethesda Khanko Foundation, a children's home and school in Manipur, North East India. The church sometimes gives donations to BKI. In the year the church gave £1,250 to BKI, along with £887 of donations given to the church to pay on to BKI, of which £792 had been paid on by 31 March 2024, and £95 still had to be paid on. Although there is a conflict of interest in this case, this conflict is mitigated through the Treasurer being the person who suggests making any donations, so thaqjJcannot influence decisions about donations to BK].
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Staff numbers
The average number of employees during the year was 2 (2023: 2).
No employce received remuneration of more than £60,000 during the year.
| 4. | Unrestricted funds | Balance at | Balance at | ||||
|---|---|---|---|---|---|---|---|
| 01.04.23 | Receipts | Payments | Transfers | 31.03.24 | |||
| £ | £ | £ | £ | £ | |||
| General fund | 87,762 | 151,837 | (150,040) | - | 89,559 | ||
| Designatedfunds | |||||||
| Salaries fund | 30,000 | - | . | - | 30,000 | ||
| Fabric fund | 25,860 | 168 | - | - | 26,028 | ||
| — | |||||||
| Total unrestricted funds | 143,622 | 152,005 | =(150,040) | - | 145,587 | ||
| hr | EE | TE.= | PELs | Ls« |
Explanation offunds
The Generalfund represents all income and expenditure relating to the primary focus activities of the charity, other than those for which funding ts restricted.
The Fabric fund represents all income and expenditure designated by the trustees for the repairs or maintenance of property held by the church.
The Salariesfund represents an amount agreed by the church congregation to be set aside to cover salary costs.
| §. | Restricted funds | Balance at | Balance at | ||||
|---|---|---|---|---|---|---|---|
| 61.04.23 | Receipts | Payments | Transfers | 31.03.24 | |||
| £ | £ | £ | £ | £ | |||
| Bethesda Khankho | - | 887 | (792) | - | - | 95 | |
| Hamilton | 2,790 | 18 | - | - | - | 2,808 | |
| Cromer | 888 | 6 | - | - | : | 894 | |
| Fair Trust | 4,831 | 2,502 | (2,502) | - | 4,831 | ||
| Total restricted funds | 8,509 | 3,413 | (3,295) | - | 8,628 | ||
| a |
Explanation offunds
Bethesda Khankho fund - represents funds received by church members for passing on to the Bethesda Khankho charity in India, mainly from donations gathered at church events
Hamiltonfund - represents funds to maintain and support missionaries in Scotland
Cromerfund - represents funds for the support of local mission work, including the support of volunteers at the Bethany Care van and Cafe Church.
Fair Trustfund - represents funds available for the support of Christian Education. A significant amount from this fund was used to purchase the flat at 12/9 Ameil Drive. The associated share of the rental income from this flat is to be credited back to the restricted fund.
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Bristo Baptist Church SCIO
Notes to the financial statements
For the year ended 31 March 2024
6. Pension obligations
The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited). The church staff are eligible to join the Scheme.
Pension provision is being made through a Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts. In addition, the employer pays a further 3% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity.
7. Major Projects
During the year the following major capital project was carried out: - Replacement of external signs
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