OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Lochgilphead Baptist Church

2022-12-31-accounts

Charity registration number: SC015187

Lochgilphead Baptist Church

Annual Report and Financial Statements for the Year Ended 31 May 2022

==> picture [156 x 84] intentionally omitted <==

Lochgilphead Baptist Church

Contents (continued)

Reference and Administrative Details 1
Deacons' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 18

Lochgilphead Baptist Church

==> picture [193 x 9] intentionally omitted <==

----- Start of picture text -----
Reference and Administrative Details
----- End of picture text -----

Deacons Secretary Pastor Charity Registration Number SC015187 Principal Office Independent Examiner Bankers Virgin Money Lochgilphead Poltalloch Street Lochgilphead Argyll PA31 8LL

Page 1

Lochgilphead Baptist Church

Deacons' Report

The Deacons present the annual report together with the financial statements of the charity for the year ended 31 May 2022.

Objectives and activities

Objects and aims

The objects of the Church, which is affiliated ot the Baptist Union of Scotland, 48 Speirs Wharf, Glasgow, G49TH, are as follows:

The advancement of the Christian faith, primarily in Lochgilphead, and also throughout Scotland and the rest of the world, by all means consistent with the teachings of the Christian Bible, including worship, ministry, mission, prayer, witness, education, community service and support of agencies and individuals and other charitable organisations involved in Christian missionary work and the relief of poverty or other social needs.

Public benefit

The Deacons confirm that they have complied with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

Pastor's Report

During the year, Covid 19 restrictions started to ease off, allowing for more regular church activities and ministries to start up again. While Covid 19 restrictions have eased off, we have kept some general Covid 19 safeguarding protocols in place, like hand sanitiser, chair spacing apart and being mindful and respectful to those who still feel the need to wear masks in a public gathering. It has been uplifting to be able to worship together on a Sunday morning and enjoy fellowship after the service over a cup of coffee / tea and something sweet to eat.

Over the past year the preaching series has focused on the following:

1. Refresh

A time spent aroung the book of 1 John, refreshing some important faith truths. Two key points in this series - Knowing God's everlasting love and the certainty of eternal life.

2. Go for the Gold

A call for Christians to run the faith race of life with passion and perserverance. This series aligned with the 2021 Olympics.

3. The Game Plan

God's powerful gameplan that introduces a saviour into the game of life.

4. Kick off 2022

Reminding us that worship is a lifestyle, and this happens when we get a fresh perspective of the fear of God in our lives.

5. Finding Rest

God's desire is that you find sabbath day rest in Him amid the busyness and challenges of life.

6. Nail Him then Nail Him

Our Easter series that framed two different pictures for us. Picture One - Praise and Rejoicing, Picture Two - The crucifixion on the cross.

Page 2

Lochgilphead Baptist Church

Deacons' Report (continued)

As a church, we continually seek to be a witness and a godly voice in our community. Our weekly community thank you cards continue to be well received and appreciated by the respective business owners, while our weekly online services continure to be posted on platforms like Facebook and Youtube, purposed to serve and witness to our community and further afield. The Chaplaincy role at the Inveraray Shinty Club is going well. Relationships are being built and strenghened, players are fully aware that I am there to help them with any personal, spiritual or mental health issues. The club is very appreciative and supportive of the Chaplaincy role. The church has become more involved with MOMA, helping with food donations, and the collection and distribution of food parcels to those in desperate need in our community.

On Saturday afternoons the church opens as a Wellness Cafe, this set aside time focuses on loving and serving those in our local community who are struggling with mental health issues brought on by loneliness, grief, anxiety and depression. There has been a mixed response to this ministry, some Saturdays have been busy, and some have not. We still recognize the overwhelming need for this ministry, therefore the challenge we face is to continually look at ways we can improve or make changes so that the church can be a safe place for those in our community struggling with mental health challenges.

Our annual Holiday Club in July was a success. It was such a blessing to be able to open the church facilities once again to the children of our community where they spent time playing games, hearing bible stories, doing crafts, singing songs, and making happy memories. The children's work continues in the community through weekly Children's Church, monthly Sunday Club for the juniors, and monthly youth club for the teenagers.

The Men's Fight Club have gathered for curry and pizza evenings while the senior ladies meet up for teas and cake and the Wild Women Group have spent some Saturday evenings together around food, movies and fellowship. Our home groups have restarted, meeting weekly and once a month as a collective to enjoy an evening of fun and fellowship together. Prayer meetings happen on a Saturday morning at 11 am, everyone is welcome to join for prayer.

The church website continues to draw online visitng traffic and serves a valuable purpose in allowing people to contact us and watch our weekly services on the resources page. The website displays who we are as a church, our different ministries, outreach programs and our weekly / monthly activities.

I would like to end by giving God all the thanks and praise for His continual faithfulness to us as a church, for new folk coming into membership, for all the baptisms over the past year, for leading us through and out a difficult season of Covid 19, and for choosing to use us in our local community.

Page 3

Lochgilphead Baptist Church

Deacons' Report (continued)

Financial Report

'The one who gathered much did not have too much and the one who gathered little did not have too little' (2 Cor 8:15). Perhpas it might seem that we have 'much' but there remains a backlog of fabric work with some big bills in the pipeline! Nevertheless, we give thanks to God for the funds slowly coming into place to deal with this.

With the church building reopening for services and some activities, there has been an opportunity to more directly encourage people to review the way they give. Consequently, to make use of the tax reclaim provision through GASDS using the small white envelopes, there has been a greater use of this resulting in £ 492.50 worth of tax back in the year. Cash given in the previous year was about the same as cash plus GASDS this year, suggesting that some people switched, but there remains further scope for more to do so. Another change has been to encourage people to give online during Covid and now to make things easier to manage and promote consistent giving. Whilst it is pleasing to note that some people have responded and now give online, others have stopped giving, either because they have left the church or their circumstances have changed. This has meant that there has been a fall in Gift Aid giving to the General Fund this year and consequently in the amount of tax that could be relaimed. Giving to the Building Fund switched in summer 2020 to the Fabric Fund, with most people leaving their online giving in place to support the ongoing fabric work needed in the church and manse. Whilst the Fabric Fund now has just under £20K in hand, there are a number of projects requiring significant amounts of money, including: new main church buildling windows £15K, lift repair £4.5K, manse heating renewal £19K, manse rewiring £7K, new microphone kit £ 548.40 and loft insulation for the manse. The proposed conversion of the charity to an SCIO in the next financial year is expected to cost £ 5.5K. The current plan is to try and phase fabric work to avoid draining the church's general fund, but some use of this may prove necessary. In connection with the replacement of the church windows, a Building Warrant was applied for and a fee of £ 435.00 paid. However, the Council later informed us that the church would be exempt and would return the fee in due course, which is currently awaited.

Giving to BMS was slightly up on last year, though the emphasis very much continues to be appeals driven, with limited support for their General Fund. The annual donation of £6000 in support of the Children's Worker post was again gratefully received and acknowledged. A legacy of £ 5000 was received from the estate of

which has been allocated to the General Fund for now. £ 1305 was received from the Baptist Insurance Company, resulting from a claim for theft of roof lead from the church extension in December. Repairs to the roof subsequently cost £1583.60 and security cameras were installed for £2000.

Study booklets are now being charged at a flat rate of £5/booklet. The current negative balance is the result of a recent purchase of new booklets for which payments will fall into the new financial year. On balance, the arrangement appears to be working satisfactorily.

A new laptop costing £602 was bought fo in November, following the failure of his old one. Support for the payment of visa charges was given to in October, amounting to £ 5063.47. Sponsorship fees were also paid in April, amounting to £ 2553 for th and £ 199 fee by the church.

The current figure for the employer debt associated with the former pension scheme for was reduced further and now stands at £ 5900. They have also been able to reduce repayment to just £1/month for the foreseeable future due to altered investment policy allowing this benefit to the churches. We remain liable for the debt and repayments into 2026.

Page 4

|

Lochgilphead Baptist Church

Deacons' Report (continued)

Financial instruments

Objectives andpolicies

The deacons have assessed the major risks to which the Church is exposed, in particular to the operation and finances of the Church, and are satisfied that systems are in place to mitigate exposure to the major risks.

Statement of Deacons' Responsibilities

The Deacons are responsible for preparing the Deacons’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the Deacons to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Deacons are required to:

The Deacons are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the constitution. The Deacons 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 Deacons are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the Deacons of the charity on aire fer. and signed on its behalf by:

Trustee

Page 5

Lochgilphead Baptist Church

Deacons' Report (continued)

Structure, governance and management

Nature of governing document

The Church was established by a constitution and is a registered charity.

Recruitment and appointment of Deacons

The Trustees of the Church are all deacons, who have served during the year and whose names are set out on Page 1.

Deacons are appointed, or reappointed at the Annual General Meeting, which is held in September each year, and is open to members of the church. All deacons serve on a voluntary basis.

Page 6

Lochgilphead Baptist Church

Independent Examiner's Report to the trustees of Lochgilphead Baptist Church

I report to the Deacons on my examination of the accounts of Lochgilphead Baptist Church for the year ended 31 May 2022.

Responsibilities and basis of report

As the charity Deacons of Lochgilphead Baptist Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). You are satisfied that the audit requirement of Regulation !0(1) (a) to (c) of the 2006 Accounts Regulations does not apply.

I report in respect of my examination of the Lochgilphead Baptist Church's accounts carried out under section 44 (1)(c) of the 2005 Act and section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of 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 Deacons 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 accounts.

Independent examiner’s statement

I have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Lochgilphead Baptist Church as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Member of the Institute of Chartered Accountants of Scotland

46 Argyll Street Lochgilphead Argyll PA31 8NE

Page 7

Lochgilphead Baptist Church

Statement of Financial Activities for the Year Ended 31 May 2022

Note
Income and Endowments from:
Donations and legacies
Other activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Net (expenditure)/income
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16
Note
Income and Endowments from:
Donations and legacies
Other activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
47,987
3,487
51,474
(56,684)
(56,684)
(5,210)
10,273
5,063
64,687
69,750
Unrestricted
funds
£
51,608
3,041
54,649
(50,143)
(50,143)
4,506
8,873
13,379
51,308
64,687		 Restricted
funds
£
34,519
-
34,519
(15,934)
(15,934)
18,585
(10,273)
8,312
681,699
690,011
Restricted
funds
£
29,473
-
29,473
(11,052)
(11,052)
18,421
(8,873)
9,548
672,150
681,698		 Total
2022
£
82,506
3,487
85,993
(72,618)
(72,618)
13,375
-
13,375
746,386
759,761
Total
2021
£
81,081
3,041
84,122
(61,195)
(61,195)
22,927
-
22,927
723,458
746,385

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 16.

The notes on pages 10 to 18 form an integral part of these financial statements. Page 8

Lochgilphead Baptist Church

(Registration number: SC015187) Balance Sheet as at 31 May 2022

2022 2021
Note £ £
Fixed assets
Tangibleassets 11 667,668 658,341
Current assets
Debtors 12 3,233 3,068
Cash atbankand inhand 13 92,761 86,476
95,994 89,544
Creditors: Amounts fallingduewithin one year 14 (3,901) (1,500)
Netcurrent assets 92,093 88,044
Net assets 759,761 746,385
Funds ofthe charity:
Restricted income funds
Restricted funds 16 690,011 681,698
Unrestricted income funds
Unrestricted funds 69,750 64,687
Totalfunds 16 759,761 746,385

The financial statements on pages 8 to 18 were approved by the Deacons, and authorised for issue on “E.Afe@{2%... and signed on their behalf by:

Trustee

The notes on pages 10 to 18 form an integral part of these financial statements. Page 9

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022

1 Accounting policies

Statement of compliance

The financial statements have 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 the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

Basis of preparation

Lochgilphead Baptist Church meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

Going concern

The Deacons consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Transition to FRS 102

In preparing the accounts, the Deacons have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was required. No restatements are required as a result of the transition to FRS 102.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 10

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and Deacons meetings and reimbursed expenses.

Tangible fixed assets

Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land and buildings Are not depreciated
Furniture and fittings 10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the church does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

They are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Page 11

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)

Fund structure

Unrestricted income funds are general funds that are available for use at the Deacons discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

2 Income from donations and legacies

Donations and legacies;
Gift for Children's Worker
Gift aid collections
Gift aid reclaimed
Regular giving and donations
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
-
29,307
8,164
10,516
47,987
51,608		 Restricted
funds
£
6,000
18,820
5,675
4,024
34,519
29,473		 Total
funds
£
6,000
48,127
13,839
14,540
82,506
81,081

Page 12

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)

3 Income from other activities

Income from other activities
Total for 2022
Total for 2021
4
Expenditure on charitable activities
Note
Allocated support costs
Governance costs
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
55,057
1,627
56,684
50,143		 Unrestricted
funds
General
£
3,487
3,487
3,041
Restricted
funds
£
15,747
187
15,934
11,052		 Total
funds
£
3,487
3,487
3,041
Total
funds
£
70,804
1,814
72,618
61,195

Total expenditure £

5 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Payroll fees
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
1,440
187
1,627
1,500		 Restricted
funds
£
-
187
187
180		 Total
funds
£
1,440
374
1,814
1,680

Page 13

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)

6 Net incoming/outgoing resources

Net incoming resources for the year include:

Depreciation of fixed assets 2022
£
2,618		 2021
£
1,577

7 Deacons remuneration and expenses

No Deacons have received any remuneration, reimbursed expenses or any other benefits from the charity during the year.

8 Staff costs

The aggregate payroll costs were as follows:

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Ministry
Childrens' Worker		 2022
No
1
1
2		 2021
No
1
1
2

1 (2021 - 1) of the above employees participated in the Defined Contribution Pension Schemes.

(2021 - 0) of the above employees participated in the Defined Benefit Pension Schemes.

Contributions to the employee pension schemes for the year totalled £2,148 (2021 - £2,609).

No employee received emoluments of more than £60,000 during the year

The total employee benefits of the key management personnel of the charity were £33,945 (2021 - £31,775).

The Pastor, as the highest paid member of staff, received benefits totalling £33,945 (2021 - £31,775).

9 Independent examiner's remuneration

Examination of the financial statements 2022
£
1,440		 2021
£
1,320

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 14

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)

11 Tangible fixed assets

11 Tangible fixed assets
Cost
At 1 June 2021
Additions
At 31 May 2022
Depreciation
At 1 June 2021
Charge for the year
At 31 May 2022
Net book value
At 31 May 2022
At 31 May 2021
12 Debtors
Prepayments
13 Cash and cash equivalents
Cash at bank
14 Creditors: amounts falling due within one year
Trade creditors		 Land and
buildings
£
644,098
-		 Furniture and
equipment
£
44,191
11,944
56,135
29,947
2,618
32,565
23,570
14,244
2022
£
3,233
2022
£
92,761
2022
£
3,901		 Total
£
688,289
11,944
700,233
29,947
2,618
32,565
667,668
658,342
2021
£
3,068
644,098 56,135
-
-		 29,947
2,618
- 32,565
644,098 23,570
644,098 14,244
2022
£
3,233
2022
£
92,761
2022
£
3,901
2021
£
86,476
2021
£
1,500

15 Commitments

Capital commitments

The total amount contracted for but not provided in the financial statements was £5,900 (2021 - £15,000).

Page 15

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)

Pension commitments

The church is repaying a deficit owed to the Baptist Pension Scheme, which it is anticipated will be paid in full by June 2026. Commitments provided for in the accounts amounted to £Nil (2021 - £Nil). Commitments not provided for in the accounts amounted to £5,900 (2021 - £15,000). £Nil relates to pension commitments related to pensions payable to past directors (2021 - £Nil).

Page 16

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)

16 Funds

Unrestricted funds
General
Unrestricted Fund
Restricted funds
Property Fund
Women's Meetings
Sunday School
Jumpstart
Childrens' Worker
Holiday Club
Pastoral Fund
Alpha Fund
Away Weekend
Cafe Soul
Mid Argyll Mission
Baptist Missionary Society
BMS Birthday Fund
BMS Appeals
Study Booklets
Fabric Fund
Specified Gifts
Total restricted funds
Total funds		 Balance at 1
June 2021
£
64,687
644,097
29
87
637
21,120
4,561
72
101
25
52
1,562
307
140
200
-
8,708
-
681,698
746,385		 Incoming
resources
£
51,475
-
-
-
635
7,500
273
-
-
150
-
-
508
245
1,950
125
22,952
181
34,519
85,994		 Resources
expended
£
(56,684)
-
-
(420)
-
(10,672)
(538)
-
-
-
-
-
(508)
(355)
(2,450)
(162)
(648)
(181)
(15,934)
(72,618)		 Transfers
£
10,272
-
-
500
-
-
-
28
-
-
-
-
30
(30)
500
42
(11,342)
-
(10,272)
-		 Balance at
31 May
2022
£
69,750
644,097
29
167
1,272
17,948
4,296
100
101
175
52
1,562
337
-
200
5
19,670
-
690,011
759,761

Page 17

Lochgilphead Baptist Church

Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)

Unrestricted funds
General
Unrestricted Fund
Restricted
Building Fund
Property Fund
Women's Meetings
Sunday School
Jumpstart
Childrens' Worker
Holiday Club
Pastoral Fund
Alpha Fund
Mainly Music
Away Weekend
Cafe Soul
Mid Argyll Mission
Baptist Missionary Society
BMS Birthday Fund
BMS Appeals
Fabric Fund
Specified Gifts
Total restricted funds
Total funds		 Balance at 1
June 2020
£
51,308
274
644,097
209
448
637
19,800
4,448
100
13
-
-
52
1,562
230
80
200
-
-
672,150
723,458		 Incoming
resources
£
54,649
4,990
-
-
24
-
7,500
150
-
88
-
100
-
-
688
225
1,643
13,966
100
29,474
84,123		 Resources
expended
£
(50,143)
(30)
-
(180)
(385)
-
(6,180)
(37)
(28)
-
(37)
-
-
-
(611)
(165)
(1,643)
(1,657)
(100)
(11,053)
(61,196)		 Transfers
£
8,873
(5,234)
-
-
-
-
-
-
-
-
37
(75)
-
-
-
-
-
(3,601)
-
(8,873)
-		 Balance at
31 May
2021
£
64,687
-
644,097
29
87
637
21,120
4,561
72
101
-
25
52
1,562
307
140
200
8,708
-
681,698
746,385

Page 18