LErrH BAPTIST CHURCH {SCO10981) FINANCIAL STATEMENTS - YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES Tlw accounts have been ppared in accordance wTrth tem7s of the Chanties arKI Trustee Investment {Scotland Act} 2005 and the Charities Accnts ISo)tlandl Regulations 2006 Govornlng Docum?nt and Organi8atlon41 Struclure Church is establffjhed by constitution ts a re9iStered charty in Scotland {SC0109811. The church is also registered with HMRC as a Charty under reference number PY 14203661CR 33881. The a¢Sdress of the Church is 27-29 Madeira Street. Leith. Edinburgh, EH6 4AJ. There are no restrictions on the vray in which the Church may operate as a Charty. During the year 10 30 September 2022. the Church applied to OSCR to become a Scottish Charilable Incorporated Organi8alion {SCIOI. The application was approved and Leth Baptist Church SCIO, registered charffti SC051916. was incorporated on 51h August 2022. All assets and liabilities of Leith Baptist Church were transferred lo Lerth Baptist Church SCIO al the close of business on 30 September 2022 lulilising the merger accountsng provisions set tyjt in seCtn 27 of the Charities SORP). Lerth Baptist Church, gisler8d charity SC010981 will be dissolved following the ccrfnpletion of the Ir8n8fer, Ihe closure of its bank accounts aThJ fomial confirmation by OSCR. Objecllves and L•ad•r•hlp The Aim of the Church. whlch Is affiliated to the 8aplisl Union of Scotland. is lo promote the Gospel of Jesus Christ. through relatnShip lo God. each other and the c(xnmunty, both al homo arKI Worldwe. The Church ig Cong3t)nal in poly and its day-to4ay running is undertaken by the Senior Leadership Te8m (SLT) v•1 are all appointed by the Church They are as fdlows".
The members of the Senh)r Leadership Tewn are Vrustees. in tsmis of Charities and TTUStee Investment (S¢xlland Act) 2005 and the Charits Accounts (Scoland) R&Julation$ 20. Acllvlt188, Achl•v•m•nts and Perfomian The year lo September 2022 wa5 a year of chan the departure of our Senior Pastor Rev he church. Foll1n9 in Juty 2021, our Communty Pastor Rev gree(l lo lake on a number of additional responsibilities aThJ in autumn 2021 was effgrAivety acting mInter while the thurch and Ihe leadehIP Yre seeking God as to Ihe way fon¥ard. It was agre&J that our priorty was nol to seek a n8w minister UrKnjIatety but to continue our plans to reviww and refresh our18ader8hip processes and appoint a new Senior Leadehip Team ISLT). Thts completed in October 2021 the appoinlment of fve new Deacons who joined the exisling four EknJe on SLT and also b&me Trustee8. The SLT set up sub-groups to nSthr the p058ible Sa of the church manse aThJ lo pursue the pro$5 of the church charoing its legal status from UVA to a SCIO as agreed at the AGM back in 2019. A doasion was made by the church 10 Sell manse aTrJ this was completed in Juty 2022. As noted above the church h•s become a SCIO wilh a lomlal Irarffjfer date of 30 Seplener 2022. During the year, we have had many encauragements 8nd have seen number of people frcyn the l¢xal area coming alon9 to the thurch. Our toddlers group is flourishing again 8TrJ is mettting Iwo momings a eek ryth around 30 children attending on l)olh days. Remarkably our'momings of Grace. devolionals which started in March 2020 are stsll running on weekday momings from &8.30am. We c(mtinue to have a mmthty Joint Branch Group on Its first Wednesday ol each month vthere the whole church meets t(yJeth8r. Recentty have taundHI small groups on the second and fourth Wedn88day's and a RevNal Prayer meetin9 on the 3rf Fnday of the month. We have also enjoyed joint Prayer events wrth other local Baptist churches arKI continue to parbwate in v8TrJus events or9anised by the Baptist Union ol Scotland mo81 n¢)tsbty the 'Canopy' gathering in the summor. Memtxrs of our new SLT partipated in the final 8e$stons of Lead Academy Ileadershp development programme run by the BaptK8t UnK)nl which took pla in May arKI November 2022. We have I(j very benefioal for our leadership team. During 2022. noted the growing development and contribution of Pastor and lo ts ministry and leadership of the church aThJ he was fomally ac¢redit&l by the Bapbst Union of Scotland in May 2022. In December 2022, the thurth voted ovep*hekningty to apF>oint Rev IMaS our Minister.
Finan¢ial Review The Atxy)unts lor the year to September 2022 shuw average offerings of £1.142 (2021- £1,268). General expenses £20.666 {2021- £17.865} accounted for 35% (2020 - 27%) of regular income and the remairKier was used to support minist. other Charities (includirvj the Baptist Union of Scotland) and lo help indNKluals in need. Ir¢m9 for the year is do¥vn in c4)mparison to the previw$ year. This is mainly due a dedine in atter•Jance and membership during th8 cov#1 penfyj. Online gNing ha$ increased and there have been a grft aKI declarations. The incTease in expen$85 is du8 to Ihe wea$ing use of the ¢hurth building followng the relaxation of covid restrict1n$ at the beginning of 2022. Salary cost have fallen as the comparative ruleS inchjde the salary reLqting to our previous S8nior Pastor until Juty 2021. The major financlal ITansaclion in the cuffenl a¢countiry p8ricwJ was the sale of the manse. The propety was sold at Iho ol Ihe market wrth a resultant gain on sale in excess 01 £400.C. The leadefship team and the ¢hurch have designated the majority of the net Sa proceeds lo te used for ¢apilal related proiects and sel up an unrestricted designated fund for this purpose. Thts repla¢os the okl BuildirtrJ Fund %thich had a balan of £9 aThJ was closed during the year. The church leadership keep cash Ik)w under regular rewew as there Can often be fluctuations in income due to on&off grfts and unexpected expendrture {e.g., church Maintenan costs) durir@ the year. position of the church has been hugely impacted by the pIcedS from sale of the manse with ca8h balances of £545.000 at end of the financial year. Rl8k ma9•mOnt The major risk uJrIenY facing the thur¢h actNilies and financo5 over the last years has been the effect and uncertainty of the coronavinjs pandemic. Sadly. we did lose a lthv ¢hur¢h members over the last two years arKI it was drfficult to fully the ve1 of CCmMent and engagement of some. especialty those that were on the fringes of the felbwship. HovEver, since the beginning of 2022. have re•tsblished our Toddlers group and we have seen a nurnr of people fr(Yn the thal area ottending regularly. We beli8V8 W8 8re coming into a period of grovrth and are very ancourapd by the fomwl OpFOthnt of Rev our Minister. The SLT (our Tnjstees) have responsbilty for evaluats'ng and monitoring I major risks faced by Church and lo take care to ensure that these risks are mitigat&J. The Trustees o)ntinue to be updat&J on key legislatNe changes by Il* Baptist un)n of Scouand IBUSI who also provide guidance in areas ere pOIleS are requir&J e.g.. Child Protection: GDPR: el¢. The leadetship team received Safeguarding training in the autumn of 2022 and are
in the prcws of updatiThJ the Church safeguarding policy. The various activities of the Church are prinupally Ihe responsibility of ministry teams, overseen by the leadership. whose members have the experience and understanding of their area of ministy and are offered oppothnltses for training where this is availab and rebvanL Plan• for th• Futurn As di$cu8sed above, the repo.ng p8riod 2021-22 was a significant time of Change. We now believe that. having dealt wrth a number of major admini$tralNe and strLKtural changes. we will see gr(A•rth in numbers and spirriual malunty writhin the fellThBhip. We lo)k forward to seeirMJ how Gt>J ads us forward in both disopleshp and ministry and how we can make posthe impact on our ngvJhbours in tt communty of Leith and Edinburgh. We rA)ntinue lo evaluate the value of I1-StreaM7g ¢)ur 8ervth8 and a180 need lo give nsderatIon to the deficien¢$ of our current church building. We wll a180 dwdve the okl Leith Baptist Church UVA later in 2023. In addrtion to the above. it is expectation Ihal church members will continue to take up responsibilities for new areas of ministry which is in line rylh our belief in the prièsthc)d of all belvets arKI the importan(* of the thole church body fundwjning effeth'vety. The Sp8Crf actNltie$ of the church are continuously under revi8w by the adershiP and change and evofve in response to changes in membership. resources. Ihe various communities 8er¥e and aayS in response to GtrJ'818adirvJ in ac¢ordanc8 with Scn'pturè. Tru•t•• R•mun•rntlon As shown in note 3. the onty trustee reivIng remun8raiion from the church during the year was our Pastor. Ro8•m• policy The Trustees are conscious of need lo maintain reserves suffinI to enable us lo pay debts as tY fall due whilst nol arAmuLgimg more furAJ8 than are necessary. Th8 Church's Bankers are the Bank of slW8nd. Tr Mound. Edinburgh EH1 1YZ. The Church's Soli¢ilors afe DIak(X Legal Services Limited. 48 Sp8irs Wharf, Glasgow. G4 9TH. The Church's IndeperKlent Examiner 15 McLach1an + rrffin. Clifton House. craard Road, Cl. PH7 48N.
Statèment of Trustee•, Rospon8ibilitie8 Charity law requires the tntstees to prepare finanoal ststements for each financial year which show a true and fair view of the stale of affaits of the charity and its financial activtties for thal periLKI. In preparing thos8 financial statements. the trustees are required to: select surtable a¢counbn9 policies and then appty them consistenty.. make jLKlgments and estimates that are rea$able and pnKlenl,' state whether applicable a(thnting stsndards and statements of recommended practice have teen followed. subject to any departures disclosed and explaird in the financial slateffEnts'. and prepare the financial statements on the going con(xm basis unless rt is inappropriate to presum? that the charity will ntin in operational existence. Th8 trustees arè responsible lor keeping proper ac£fJunting records which disclose vthh reasonabbe auraCY al any time the financial poSitn of the company and which enable Ihem to ensure Ihal Ihe financial statements comply with the charrt Accounts {Sc¥>tlandl Regulations 20C6 and all other relevant legislation. They also have general spOnsibl1 for taking Such $t8ps as are reasonabty open to trrn to safeguard the a88ets of the company and to prevent and deteci frawj and otheT irregulants"es. Approved by the Trustees and signed on IheK beh8K. On behaK of the Tnjstees on 14m Apn'l, 2023
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LEITH BAPTIST CHURCH ALANCE SHEET AS AT EPTEMBER 2022 2022 2021 FIXED ASSETS {Not8 2) CURRENT ASSETS Petty Cash Cash al Bank- Bu5ines8 alc Cash at Bank- Treasurer alc DebtOfS'. Tax receivabl& grft aid Social Action Fund 110,000 220,000 30 9.826 27,450 518,C69 2,754 5,752 CURRENT LIABILITIES Accruals 548.503 15,817 420 420 NEf CURRENT ASSETS 547.903 15.397 LONG TERM LIABIUnES NET ASSETS 657.903 235.397 Fl CAPITAL ACCOUNTS General Reserye Al beginnin9 of ypar Transfer from building fuThJ Transfer to propety fvnd Surplusl(Deficit) ft>r year 235.388 237,070 {518.Ci89) 422 139.834 Building Fund (Nolo 4) 235.388 Dnated Prcwty Fund (Note 5) 518,069 657.903 235,397 The above accounts are authonsed and appmved by the Senior Leadership Team of Leith Baotist Church IheT Convenor ol Finance Group 14th April. 2023
LEITH BAPTIST CHURCH NOTES TO ACCOUNTS ACCOUNTING BASIS AND PO ICIE The ac(x)unls have been prepared on a historic cost basis in accordance wilh Accountin9 and Reporting by Charilies SORP 2005 and the Financial Reports'ng Slandards for Small EntenseS and with Chanty Law. al All voluntary income. {offerings aThJ donation8), is accounted for when the chanty has unconditional enlrtlemenl lo the income. b) Tax recovered on Grft Aid Donations and Small Donation$ is a¢counted for at the same lime as the gift to which rt lates. c) Bank Interest is accounted for vthen receivable or payable. d) Tangible fixed assets comprise tsvo properti8s. They are valued al the l¢)wer ol cost or valuation al the date of purchase as sel out in note 2 below. No deprecration is charged on land or buildings. e) Liabilrties are accounted for when there is a legal Of constructive obligation commrth'ng the charity to pay out resources. TANGIBLE FIXED A Tangibb Fixed Assets are rnade up as follow8.' 2022 Church - 27r29 Madeira Street Manse - 160 Granton Road 110,000 110,000 110.000 220,000 The Twstee$ have retained the long-standing a¢untIng value of the land element of the church property al £110,Ch)O, being a conseNative approximation of open rnarket value. The Church Manse1160 Granton Road) was sokl during the year. The sale was concluded on 25th Juty 2022 with net sale proceeds re¢eNed of £523.297. The Tesuttant gain on sale of £413,297 has been shown as a separate income line in the Statement of Financial Actsvitses.
REMUNERATION Remuneration to the Trustees (exduding minisiers) and Independent Examiner is as follows: 2021 Trustees Independenl Examiner 420 Remuneralion lo full-time ministsr (Rev A Barbosa) during the year amounted to £34.027. The average nurnbor of paid ¥ther$ in 2022 was 1 (2021- 2). BUI DING FUND Balance at 30 September 2021 Transfets to general account Expenditure (9) Balance at 30 September 2022- closed Fun Balance at 30 September 2021 Transfers frcKn general account 518,069 Balance at 30 September 2022 518,069
Indep•ndent•xaminer'$ report on the accounts of Leith Baptist Church Report to th¢ truStlMemls of Registered charlty SC 10981 number On th• ¥¢¢ount• of th• ¢hirity lor th• p•riod P•rth slart da Month P•nod ènd date Year 01 10 2021 to 09 2022 S•t out on p4g 11¢9 R•spo¢llv• cnanty's Irusi•e8 or• responsitsle l¢x the preparatic ol the aGrcJnls in ac¢ord8nce r••ponslbllitl•s of wtlh the lefm5 of the Chan11e$ and Tru$iee Investment Iscotbntll 2005 Act 8nd thè tr1 ind oximln•r Ctraril ACcnIS Iscouandl Regul8bons 20C6 Tmt enarity trustees consider that th• audit reqUiTonI ol Regulat 10111 Idl of lh¢ Accounis RegUln5 doès not apply. It a my responsitmlty lo eXaffle the account5 a$ required under secbon 4411) Icl of th• Act and to slate wheiher p¥rbcui•r matttts havè come to my atten¢)n B••kn ol Ind•p•nd•nt My •xaminaith 1$ carried out In accLKdane8 wlh RegUlatTr 11 of ¢h¢ Chaiil •x•rnln•V• •lat•m•nt Accouryt5 {Scnd) RegUlaIn5 20C6 An examinabon Inclutjes a review ol Ihe ¢tyJniin9 re¢crfO$ kept ty the ehanty and a tompanson ot ihe accDun15 prèsent8(I with thos• rtterds li also Includes conjideratson ol any unusual rtern5 01 (Ji5c105ures In the ctrjnls and seeks expbnatson5 frorn the truste•$ concernin9 ¥ny guch matt•rs The w¢xedures undertaken do rK•t provid• all Ihè evthn¢e that would be required In an audit ar41, consequenty. I do not expr•s$ an audrt opnion on the acwints. Ind•p•nd•nt •xn•¥ In th• eourn• ol ex¥minatKsn no rnatter has cem• 10 my attentan •t•t•rn•nt whh giv 1gasonabl• cause to beheve that in materral reipKI ¢h• requIrenIS lo keep &couni#ig records In accord8nce with 5ects. 44111 of th? 2005 Aci and Regulalwjii 4 01 the 2006 Attounts Regulabon5. and its prepait xctyJni$ which accord wjlh the accounbng rec$ and wilh Règulaitsi 9 01 ihe 2006 Accounts Regulabons ve not b••n rML 2. 10 wnth, In ry op•ith. be in olllef to enable a pro ufj(yersland ng ol Ihe accounts lo be reached 8lgn•d'. Oat•: 14 Aprll 2023 Nam•'. R•lèv•nt prcfM8lonal quallficatlonlsl or body M¢Lachlan+Tiffin 111 any).. Chartofed Accountants and Stalutory Audrtcn Addms.. Clifton House Craigard Road Crieff PH7 4BN