INVERNESS REFORMED BAPTIST CHURCH UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 INVERNESS REFORMED BAPTIST CHURCH COMPAhlY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Treasurer Mrc Westcombe Company Number SC014800 Bualness 70 Telford Road Inverness IV3 8HN A¢countsnts Shamrock Mac Limited 38 Tomnghurich Street Inverness IV3 SDS P8ge 1 INVERNESS REFORMED BAPTIST CHURCH COMPANY INFORMATION FOR THEYEAR ENDED 30 SEPTEMBER2024 Signed Pag8 2 INVERNESS REFORMED BAPTIST CHURCH TRUSTEES'ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2024 The tru8teeshave pleasur¢ In presentI￿the1rrèp0rt 8rn1 the ungudit8d fin8ncial stat&rnentforth¢ year &ndei130 Sewember2024. RègJ•tèred¢httrlty n•m• Inveine8$ Reformed 88PtIgtChurch Chorlty reO8tr8tlon numbor SC014800 Tho T￿•tOeS Th8 trustee$ who Served the ch8rltydtsringthe Y&ar￿le as follows- P8$tor Debcon Deacon ond Sec￿￿ry Deacon 8ndTre85ufe (Appolnted l Mareh 20231 IndEpendent Fxsminai Shamrock Mac Llmite(J 38 Tomnahurieh Invernes$ IV3 50S Banke18 Royal Bank of Scoiian 29 H8rbouv Ro8 Inverne58 IV1 1NU Solicltorn M8cAndr•w end Jenkins 5 Drummond Street Inveine88 IV1 IQF Rvcrultment and4ppointm•nt•fTru8to¢• The Church Is COn￿gatiOnal in Its lom of chU￿h government. The orrice Bearets ofthe Church shall norn8Uy be the Eld8rs I1￿lUdIngthe Pa*orl and Dea¢on8. The 8overnmeni ollhè Church Shall be tythe Elders ènd Deacong (Ofnce BearerBI. The Office Bearer8 ehall be elected bythe m&mbershlp unuer iheguldaneo of tN8 Eldeis. Both these 8ppointsnent$ raquirn & vote of 80% from the membership. Any Pasiorappoimed tythe Church 8UtomBti¢8lly becomes an Elderof tha Chureh. INVERNESS REFORMED 8APTIST CHURCH TRUSTEES, ANNUAL REPORT{¢ontlnued) YEAR ENDED 30 SEPTEMBER 2024 Governlngdoeument The Church 1$ a charity reglsiefe(I In Seotlgnd and Is g￿rned bythe Egtabli8hing Document ofthe Rofomied Babtist Church ot Inverness. Ch*rPtable puipo8e$ The object of Ihe Church is to advance the Chrlstian talth mainly in Irwgrness bul also throughout ScotL8nd and the rest of the world. by means consistentwith the teachlngs of the Christlan Bible. These include worship, ministry, prayer. wltness. education. community servlce and the support of agencies and indlvlLlu&is and other oiganlsations involved in Christian missionary work and the relief of povertyor other social needs. Activities and ¥¢hlevements Over ihe past ya8r and under Pastor M8rley's ministrylhe Chur¢h h08 contlnuad to develop with more visitors att8ndingth8 worship ond prayer meetings. The audio recordings ofthe 8etvices are now avsilgblo weekly on both the Church website end that of the Wicket Gate magazlne 8nd so his ministry is &vailable to many more listeners. The articles from the Wick8t G8te Magazine were also a blesslngto many people. Other outreach work contlnu811 overthe course of the yegr wilhln ih& City Centre. Unfortunately, our calend8r distributlon dld noi take ploce asw8 had been unable to lind another suppller. The Churoh's Chlio Protection andVulner8ble Adults Pollcy was updated. Trainingwas undertaken. and Ihe policy is almost completed. The Church once 88ain was #ble to help other churches. ml88iong, 8nd individu81 mi88ionailes. From the Mission Fund £100 to the Open-Air Mlsslon. From the General Fund, EMF lor V￿rk In Mars8111e £100. For work in India, Winukonda Missionary and Medical Fellowshlp £400. P8slor Mangahas for work Phlllppines £50, Roundwood Trust Icoverlng manyworlsj are891 £1000 and the Trinitarian Bible Society £200. Reserveg As a result. th8 surplus 18 £5.11812023-d8ficit £13.2471 for the year. the charlty held unrestricted funds of £61,06S12023- £55.9491 at the year end date. These reserves are held for the daylo d8y runningc05ts oflhe charrty along with 8ryunplanned expenses or emergency costs as th8y arise e.g., building repairs. The current level of reSe￿S Is deemed adequat8 for ih88e purposes. It Is the intention that these funds w(11 be used in the fuiure io replBcethe exlsting Church and library buildings Y4i1h new modern premlses. The linancial position of ihe Church remalns Siable with sufficient funds to uphold thts Church's oblectlve8 forlhe forthcomlngllnÉncisl year. Approved by Ihe trustees and slgned on thelr bèhalf ty: INVERNESS REFORMED BAPTIST CHURCH INDEPENDENT EXAMINER*S REPORTTOTRusfEESOF THE REFORMED BAPTISTCHURCH INVERNESS YEAR ENDED 30 SEPTEMBER 2024 I reporttothe trustees on my exAmination olthe linar￿le1 $18temeM$oT Invemess Relormèd BawlgrChu￿h I'the charity'lfortho ye8renOgd 30Semember2024. Tothe fvllest extent permitted bylaw. I do not accept or a5surne r6$pon8ibiiityioanyone otherth8nthe charrty, its member$ 85 a body8nd ¢tstruBt¢¢3. lormy Independentg¥amingtion work, lorihl8 report. orlorthe options I have formed. R88peci+¥• r•$pon•lbllltlgsof tru8too• and •YAM￿or The eh8rity* tsust8es are rg$pon8ible for the prep&r*ion of the accovnts In accord?n¢ewfth tho term3 of the Charities ?￿j Tr￿￿ee Invegtmentl&otiandl 21X)5Act and the Charitl8sAccount8 Iscoiiandl T8gulthons 2006. The Chaitytnjstees eon$KJerth8t theoudlt r8quirement ot RegulatSon 10111 Idl ol thoAGcounts R8guL9tions does not apply. It is my regpongibilityto examine the sccounts as required un¢er so￿10￿4411) IE l ofthe Actandto State Whetharparrieu18r m¥tters hÉve come to myatteniion. Basl8of Ind8p¢ndent ¢¥amln•T* stotemont Myex8minatlon is carried outin accordance with R¢8ulatign 11 ollhe Charitle8A¢coumslSeDt18nd) RegUl￿rOn$ 2C4)6. An examination inciu¢es a review of th¢ accojjnting record8 kgpt bythe charityand 8 comparison of th8 accounts presènted with those records. Ir aL80 ifKiudes con8ideratiDn ol any unusual liems or dlsclosures Snthè 8e¢ounts and seeks explanations from the tru8teea concerning anysuch wnatters. The procedures und8rtsken do not provlde all t￿eVIl9nCethatl￿UId be r¢qulred in on aLKIit and. consequently, I ljo rK)i express an audrt option on th8 accounts. Ind•p•ndent examln•rS st•tsm•nt In the cour38 of myex8minoilon. no matter has com•to my &tt¢ntion.' Which gfvès rne 18a$onable c9U$8 tt) be￿eve that In any materiel re8pect th¢ requlrem8nts'. to keep aCCDunting ￿ordS In aecordancewith 8e¢tion 44111181 of the2005A￿ and Regul8tKJn 4011 2006 Accounts Regu181ton$, 8nd to prepare 8c¢ountswhich accord whNIM accounifjng record8 andcompiywih ReguiBtlon 9 ofthe 20QO Accounts RegulEtions have not been meL or io whleh. my oplniorn, 8ttention 6￿uld beOr8wn in order to ¢nable 8 properunderstan(Jln8 of the aC￿￿nIst0 L)e reBched. ShBmrock Mac Limrte¢J 38T0mnahUr￿hstre Invernes5 IV3 SDS 31-01-aoas INVERNESS REFORMED BAPTISTCHURCH STATEMENT OF RECEIPTSAND PAYMENTS YEAR ENDED 30 SEPTEMBER2024 2024 2023 Unrestricted Funds Unresliicted Fun(Is RECEIPTS Sundayservices Sinday School Gifts GIftAid - General Fund M15slon Fund HMRC- GiftAidTaK MSsslon Fund Collectlons Bank Interest Bookletslmagazine subs CoUe¢tion for Ukralne Emèrgancy Fund Refund of eleGtrfclty TOTAL RECEIPTS 22.661 12,956 22,650 22,815 7,881 iio 1.141 7.277 140 724 79 1.160 1.266 46,417 395 54,838 PAYMENTS Misslon Fund payments Paymentto Ukralne Emergency Fund Pastorwages Employerfs pension PAYE- Inland Revenue Pastor relocation expenses Pulpit supply Telephone Postage. statloneryand advertising Chrstian Ilterature purchases Heal and lighi Property and equlpment maintenance Insurance Donations- General Church outreach expenses Sundryexpense Cleaning Computersoftware costs Hosprtality Travel expenses Tiaining Accountancyfees TOTAL PAYMENTS loo 200 1,160 15,816 525 23.012 2059 5791 1.560 590 7,￿7 1.965 238 279 254 109 2,190 20,193 3.025 2.284 252 3,155 1,839 3,461 1.750 395 3.363 55 98 333 1.667 108 115 571 1,196 49,722 1,131 59.664 SURPLUSIIDEFicrri FOR YEAR 5,116 113,247) INVERNESS REFORMED BAPTISTCHURCH STATEMEMf OF BALANCES YEAR ENDED 30 SEPTEMBER 21)24 2024 2023 BANKAND CASH BALANCES Opening balances SurplusllDeficltl foryear 55,949 5,116 69.196 113.247) Closlng balances 61,065 55.949 RESERVES General funds 61,065 61.(￿5 55.949 55,949 ASSETS Equlpment 16,3DI 16,301 LIABIUTIES PAYEINIC liabllity 7.850 1,684 All fund5 are vnrestricted. Approved r)ythe inJ5tees and signed on their behalf ty- rustee INVERNESS REFORMED BAPTISTCMURCH STATEMENTOF BALANCES YEARENDED30 SEPTEMBER2024 ACCOUPITING POIICIES Basls of Accounllng The accounts have been prepared on the Recelpts and PayThent5 basis Sn accordancevAth Ihe Charftbes and Trustee Investment IScotiand)Act 2005 and the Ch)ritiesAccounts (SC￿{aNd￿ Reguk*lons 2006 las amended) Nature and puwe offunds Unrestriciedfunds are those ihat may tse use(J atthe dlscrellon of the truttees In furtheranceof the objects ol the charlty. The trustee5 maintaln a sln8ie unrestrieièd fund lor the dayto dayrunnlngotthe church. Restricted fun(fs may only be used for speclflc purposes. Restrlctlons aflsewhen speclfled bythe dorKJT orwhen funds are raised for speclflc purposes.The charity has no iesiricted lund5. Taknitlon The Church is a registered charity and istherelore exempttrom taxation. Legacles and donaiions Legacles and donatlons are Inctuded inthe financlal ststements when recelved. BANK AND CASH BALANCES 2024 2023 Royal Bankof Scotlan¢J Cash In hand 61.065 55.949 61.065 55.949 UNRESTRICTED FUNDS GeneralFund 2024 At l October 2023 55,679 68.926 Net movemeni fory8sr 5,116 113,2471 At 30 September2024 60.795 55.679 Designated Fund. SundayS¢hool 2024 2023 At J October 2023 270 270 Net movementforyear AI 30 September2024 270 270 Total Unrestrlcted Fwxls 61.(65 55,949 INVERNESS REFORMED BApnsTCHURCH STATEMENT OF BALANCES YEAR ENDED 30 SEPTEMBER 2024 ki ASSETS 2023 2024 Opening balance at i October 2023 16,301 16.301 Additlons Closlng Balance at 30 September2024 16.301 16.301 6. TRUSTEE'S REMUNERATION AND EXPENSES One of the trustees reGeived remuneration of £23.012 duiing the year forcairying out hls duties as Pastor. One of thetrustees recefved reimbursement 01 £114.75 Travel expenses The charlty pald £1560 durlngthe year on behalf of one of the trustees forcosts incuired for relocatingto the area to tske up potition as Pastor.