REGISTERED CHARITY NUMBER: SC 015409 

Report of the Trustees and Financial Statements For The Year Ended 31 July 2024 For Peterhead Baptist Church 



Peterhead Baptist Church 

## Contents of the Financial Statements for the Year Ended 31 July 2024 


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|Report of|the|Trustees|1to4|
|Report of the Independent Examiner|5|
|Statement of Financial Activities|6|
|Balance|Sheet|7|
|Statement of Cashflows|8|
|Notes to the Financial|Statements|9 to|15|

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Peterhead Baptist Church 

## Report of the Trustees for the Year Ended 31 July 2024 

The trustees present the annual report and financial statements for the charity of Peterhead Baptist Church for the year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting policies set out in the policies note to the accounts on pages 9 and 10 and comply with 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 in the UK and Republic of Ireland published on 16 July 2014. 

## Objective and Activities, 

The primary objective of the church is to serve and advance the Kingdom of God; Father, Son and Holy Spirit — the Creator and Sustainer of all things. Our endeavors to meet that objective are built around a four-part mission statement: Teaching God’s Word; Praying God’s will; Sharing God’s love; Celebrating God’s grace. Through this work, we seek to equip and encourage Christian believers, and to work for the good of those around us, regardless of their beliefs or convictions — declaring in all we do, the Lordship ofJesus Christ, the Eternal Son, the head of the church and the Saviour of humankind, through his life, death and resurrection. 

In addition to holding regular Sunday Church services, the church promoted ancillary organisations and their respective activities. 

## Achievements and performance. 

P|Peterheadand Baptist the leadership Church continued of the elders to serve and the the church deacons. family and community under the ministry ofP| 

Our Sunday morning services and midweek ministries required the church to be open on almost every day of the week throughout the year, welcoming and serving many people of all kinds from our church family and community. Evening services continue to include smal] group studies, discussion of ‘big questions,’ and praise and testimony evenings. 

The church continues to livestream services via a YouTube channel allowing those who are unable to meet with us on a Sunday, to participate in worship with us. 

We have been uplifted in the last year by ten baptisms and the induction of three new members. 

The church enjoys and has benefitted greatly from the flexibility of our building. The multi-purpose sanctuary has been crucial for the running and development of our ever-expanding youth and children’s ministries — including our toddler group; Solid Rock Kids Club, serving kids from primary one to primary five; and Connect, which serves youth, from primary six to S3. 

Following demolition works in our adjacent property, we were delighted to have the return of our church garden which was especially useful for the our summer holiday club, which engaged over a hundred children from our community. We are also heartened and encouraged to see the monthly attendance at Messy church continue to grow toward pre-pandemic numbers. 

Our commitment to demonstrating the love of God has continued with a second year of our Warm Welcome ministry which has provided warmth, company, and a cooked meal to help meet the needs of those who are struggling amid the long-term impact of the cost-of-living crisis. 



Peterhead Bxpts%t Chuwb
Report ofthe Trustees
for the Year Ended 31 Juty 2024
We have also Peaced Together, which is a creative arts course aimed at helping women who struggle with their
Jnental health.
And giwd relaiioTJShip5 with our neighbLwf5 continue as a consequence olthese.
The chwth continue5 lo support missionaries in prnyer and by donaiing to theiT ministries this ye￿.
PBC has contributed on a monthly basis to the fmancial support of a Christian famtty worktng in Ind¢)nesia in
conjunction with Ptoneers U.K. Ministr). The church also SUPPOMS th¢ Good Shepherd Community in Mumbai.
which is faciliraied by Dignity Frttdom NeThwork UK.
A PTOPOrtion of our income from member giving is also directed ts) other Christian cwses. locally, nationally and
internationally, through our electtV¢ giving ieam.
The Women's Fellowship ¢ot)iinued in ih¢ir tradiiion of giving io local ¢ause& giving this year to Marie Curie
cancer care. The Work Party contribui¢d 464 gift boxes io the Blythswood Chri$thias $ho¢ box appeal.
Peterhead Baptisi Church is committ¢d io p￿1&1m1n8 a message of hope and prn¢¢ical help for thos¢ who know
the Lord and for thos¢ who do noi.
May the Lord Ix 8lorified in ￿erythIng w¢ do.
FINANCIAL REVIEW
Prlndpal source olfunds
The church receives most of its fiJndinB chw¢h memb¢rs by wgy of weekly off¢rin8s and gift aid donations.
Re5Mltsfor theye•r
These are sei out in pages 6 to IS. Th¢ nd surplus for th¢ year w&% £55.92112023 d¢fi¢ii of £2.428).
ResenYspoIIry
It IS the ¢hurch'5 policy to rnainlain unrestricted funds at 8 level. which will allow the chuTch to continue its
ongoing work and provide for ihe mainienance of its assets.
Total rt5¢rves including the nei book value of fixed asseis and balances of unrestricted fimds amounted io
£2,084,451 {2023.. £2,028,530). Cash balances lo￿[ £171.186.
Grnni maklngpolley
The church makes grants and dona¢ions from its unr¢stri¢i¢d in¢om¢ io individuals and organisation$ thai are
known io the church ond the trustees, and the ben¢fi¢iaries of which are iovolved in a¢iiviii¢S or ministri¢s, whi¢h
are compaiible with the objew of th¢ ¢hyr¢h.
Fxlmre Developments
W¢ ar¢ Continuing io raise money for major alteralions to our buildings. which will make the premise5 mor¢ fitting
for th¢ future.
W¢ shall ¢ontinu¢ our outreach owalion, with a view lo helping those in need in ow community.
Risk management
The tNMees have a duty to ideniify and teview the risks io whith the charlty is ¢xpos¢d and ￿ ensure appropriaie
contTols are in place to provide reasonable ￿U￿nCe again￿ fraud and error.

P¢terhead Baptist Churrh
Report of ibe Trustees
for the Year Ended 31 July 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Gov¢rnlD% Di￿￿￿ent
Th¢ charity is admini51ered in a¢cordanc¢ wilh the tern￿ of Deed of Con$titution.
Recrnllment 8ppolntmeht of Trwsttts
TnJsle¢5 are elected by members of ihe Church.
Addltlonal goverDAnce Isswes
The Church is affiliated io ihc Bawisi Union of Scotland and the Evangelical Alliance.
REFERENCE AND ADMINISTRATIVE DETAILS
Reg151ered Ch*rily nthmber
SCO15409
& AeeountsDts
SBI, ALLounidtlls Kegisier¢d Auditors
2 Cross Strett
FraseTburgh
AB43 9EQ

Peterhead Baptist Church 

## Report of the Trustees for the Year Ended 31 July 2024 

## Trustees’ Responsibilities in Relation to the Financial Statements 

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year, which showa 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 the financial statements, the trustees are required to: 

- — select suitable accounting policies and then apply them consistently; 

- observe the method and principles in the applicable Charities SORP; 

- make judgments and estimates that are reasonable and prudent; 

- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

Approved by the Trustees and signed on their behalf, 

## ON BEHALF OF THE TRUSTEES 

## Date: 3335 

4 



Peterhead Baptist Church 

## Independent Examiner’s Report to the Trustees of Peterhead Baptist Church for the Year Ended 31 July 2024 

I report on the accounts of the charity for the year ended 31 July 2024 which are set out on pages 6 to 15. 

## 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) (a) to (c) 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 is 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 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 

In the course of my examination, no matter has come to my attention: 

1. which gives me reasonable cause to believe that in any material respect the requirements: * 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 

* to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

SBP Accountants & Registered Auditors 2 Cross Street Fraserburgh Aberdeenshire AB43 9EQ al 75 \ 23 Date: 

5 



Statemtnt of Acti￿￿e5
ended 31sl j￿). 21124
U*re#rldrd uATtrtT￿td Rellrtt
Totsl
Totsl
Gethertl
FJtAd
D¢5ixnol*d
wl
2034
2023
Nol¢
Incomt amd endomrotots from..
Voluntary ir*vn
Afiiviii¢% r(* Beneratln8
ltsvesimmi inoo
ID¢onwoK Irorn ¢h4TitsbJ¢ Xtivjlbes
OLI￿ Into￿
159J36
68.J22
B,158
181.877
4.677
3.239
I.1￿3
3.-576
Total I￿Orne
g3lJ
Cos15 of 8eneiJiin8 fuNIs
Chan'¢able &¢tiviii
20.897
178D)9
T•thl Ekpehdltur¢
151112
178
19J 140
Nei In¢omtlitXPEttdltwtl bEfoT¢
Iw¥¢J ON InTrralments
13.401
42J20
$5,921
(2,428)
N¢1 8airtslllossesl w IDY¢JITh¢DIS
In￿￿￿1(exP¢rnIII￿r¢
13401
4U2
55,921
12,4281
Tran¥(ers bÈi*een
Nel movem¢ot
4UIO
53,91J
2A28)
or ytsr &djusim¢nE- Mis¢. ¢XFCh
Tohil funds broughi fonYar41
Total fwidst#rrled lorwArd
15
076.887
1 2.03119.58

Pelerhead Baplist Church
Balance Sheet
Ai 31st July 2024
2024
20LI
￿￿ed Assets
Tangible fixed assets
Invest￿￿nts
io
ij
1.882.722
1,827.403
1027803
Current Awts
Stocks
Debtor5
Bonk aTrJ cL8h
12
35.563
171.186
2ffj749
31,950
173.846
205,796
Credltors
Fallin8 due within year
13
5.020
4.66
Curr¢ni A58ets
20J,729
201.127
Ntt Assets
The funds of the ch8rl¢y:
Unrystrlcted Funds
G¢neTal fuMJ¥
De$ignd*d fund$
15
951.643
1,076.887
1.119.407 1084AS1
2,iIW3(1
Restrlcied Trunds
EDdown*ni F
15
Totsl Funds
2 084 45J
Th¢ accounts were approved by the TNstees on
, Secmary
slee

S￿leMent of C&shnows
Year ejuled 51￿ J￿> 2024
Rec4)ncUl*tion of net movemeL¢ In funds to net c*sb Ilow from op¢ratlD8 *C￿VI&S
2424
Ntt C45h yner&ted from wr*tl4 aetl
Nrft
J7
3202
C*shftows fmh llnvtstlng •¢tlvltlu:
Intrte51 divid¢ThJs T￿￿1Ved
t*tchase ol fix¢d a55dS
Prowy d¢nx)liiion
PrtKeeds frozn salt of inwesimcms
Net C*5h prDvkl¢d frorn InbtstlnR •tthltks
4,677
(t8.?6.11
{42.1541
3.259
1158.4U81
Is￿0)
1135,1491
New Ix)rrowin8S
RepaYr￿n1 ofbmwinK¥
N¢¢ c•sh provmed from lln*ncln# Artlvl¢le•
Cha￿¢ In (ssh ¥ntt ttylv*ltthts ID ytAr
(2WI)
IlJJ,9471
C&slL and La$h 4u1V￿¢Dl5 broughi forward
171,846
J05.793
C*$h t#sh v4ulvaknts tarTl¢d loTh•rd
171 186
17.1

Peterhead Baptst Chutth
Notes to the Aecouttts
for the Y￿r Ended 31 Jwly 2024
Nott I
Basis ofpr¢par#tion
Thc financial staiernenis have been prepared in accurdance with Ac¢ouniing and Reporting by Chariii¢s.' Statement
of Recommended Praciic¢ applicable lo chariiies preparing their accounts in acuJTdance with the Financial Reporting
Siandard5 applicable in the UK and Republic of Ireland (FRSI O?), issued on 16 July 2014 and the Financial
Reporting Standard applicable in the UK and Republic oflreland (FRS102), the Charities and TNsiee Investtnenl
(Scoilandl Act 2(M)5 and the Charities accounts (Scotland) Regulation5 2006 {as am¢nd¢d).
Th¢ accounts have been prepaTcd in UK £ skrling.
Note 2 Actounting policies
The principol accouniing policies. which haye been applied consfrstently in the current and preceding year in dealing
iiems which ar¢ considered maierial to th¢ accounts, are s¢1 out below.
Fund ¥Ic¢o￿￿tIng
Funds are cl#ssilied as either restricied funds or unrestrithed funds, defuKd as follow$'.
Restricted funds are funds subject io specific r¢quirem¢nis as to their use which rnoy be declared by th¢ donor or
with their authoriry or created through legal proces& bui Siill within the wider objects of the charity.
Endowm¢ni fi￿dS are funds which have been 8iven on the condiiion thai the original capital sum 15 noi r¢du¢ed but
the iticom¢ therefrom is used for the PUTpose defined in a¢¢ordan¢e with the objects of ihe chariry.
Unrtstrirted funds are expendable ai the discrnion of the trusie¢s in funhernlce of the objeclg of th¢ charity. If part5
of ihe unrestricted fund5 are ¢4rniarked al ihe discretion of the tru51tts for a panicul&r purpose. they are designated
as a separote fund. This designalion has an administraiive puryx)se only and do¢$ not legally restrict th¢ trustees.
discreiion io apply the fund.
INCOMIJYG RESOURCES
Recog￿l¢l0n of Ineomin8 resotsrces
Income is re¢ognised when the church has eniiilement lo the ￿rtd5, any perfomianc¢ conditions attached io the
item($l of income havc been mei, it is probable that the incom¢ M'ill be received and the arnouni ¢an be measured
reliably.
Incomlng resources wlth ￿l￿ted e%pendltu
Vthere incornins resources have related expendiThre, the incorning resources and Telaied expendiwre Are reported
ross in the Siat¢M¢nt of Financial Activities.
Cranls aMd dongtions
Grants and donaiions are only incSud¢d in Ehe Sthtemet)i ofFinancial A¢tivities when the Church has uncondirionai
eniiilement io the resources.
Tax reclalm$ on donatlolls gllts
Incoming resources from re¢laims are included in tht Stsiemenl of Financtal Activilies at the same tim¢ as the
gift io which they relaie.
Contrattujl Income and p¢rfom#Dce rnlated grants
This is onl}. included in the Statement of Financial Aclivilies on¢¢ the relaled goods or services have bttn delivered.
Gift5 in klnd
Gifts in kind are accowbied for at a reasonable e51imate of their value io th¢ Chw¢h or the amouni they actually
Tealised. Gifts in kind for sale or disiribtstion are included Ell the accounts as gifts only when sold OT distributed by
the charity.. Gifts in kind for use by th¢ Church are included in th¢ s￿￿Ment of Financial A¢tivAt&¢s as incoming
resour¢es when r¢ceivabl¢.

Peterhead B8ptist Chur¢h
Notes to the Ac¢ouDts
for the Y￿r Ended 31 July 2024
Donated $ervices faclllties
Donated professional seThic¢s and donated facilities are recognised as income when the charity has control over the
At¢m. any conditions asso¢iaied H'iih the donated item have been rneL the r¢ceipl of economic benefit from ih¢ use
by The ¢harity of the item 15 probable and that economic benefit can be me&sured reliably. In accordance with the
Charilics SOEiP IFRS10?) thegen¢ral volunittrtime of (¢)n￿egal1on members is noi reco￿lSed. On r¢ceipi. th)naled
profe55ional services and donated facilities are recognised on th¢ basis of the value of the gift to the charity which is
the amount th¢ charity would have been willin8 io pay lo obthin 5erv&ces or faciliiies ofequivalent economic benefit
on the open maTket' a ¢OTresFthding amount is then recognised a5 expenditure in the period of receipt.
Volunlary help
The valve of any voluntary help rec¢ived 15 not included in the accounts but is described in the tNsiees' annual
r¢port.
Interest retelvabl¢ And inv¢stJnent in¢omt
tniercst on funds held on dewsil and income from other investmen1$ is included when r¢¢eivable and the amount
can be measured reliably b), the church. This is normally upon notificaiion of the inieresi ordividends paid or payable
by the deposii taker or investsnent holder. The Church does noi presently hold any inv¢sthJents other ihan bank
d¢posits.
EXPENDITURE & LIABILITIES
Llability re¢ogniiAon
Liabilities 4re recognised as Soon as there is J legal or ¢on51Tuclive obli8aiion committing the Chur¢EI io pay out
r¢sourc¢s.
ASSETS
T*n8lble fixed assets
These aTe ¢apiialised if ¢hey can be used for more than one year. They are valu¢d ai ¢o$L value ai l August 2CK)6, or
If gifted, at the value to the charity on receipt.
No depreciaiion is charged on the frtthold Property on ihe basis thai the e517m￿ed residual value ofthe PTopeTty is
not ¢onsid¢reil to be significantly different from th¢ cmin8 value of the a5sel and therefore the depreciation
charge and th¢ accvmulaied deprrtiaiion are noi material although. due to the nature of the prop¢rties, the trustees
do not believe ihat a reliable markel valuati(m is possible. Freehold property expenditure additions in the current
year ¢omprise c051s of £56,016 in re5peci of the on80ing work in relation to the new building extension. All
demolilion COS¢s have been capitalised as being part of the cost of the new ¢onstruciioD.
Depreciaiion is provided a8ainst fixh)re5 and fittings ai ?5•/0 on the reductng balance mthhod.
Tangible fixed ass¢15 are included at cosi less depreciaiion and impairnieni. Th¢ residual value is reassessed al the
end of ea¢h accounting periixl.
Debtors eredltor5 reeefv•bk Ip*y4blt wllhin One year
Debtors and CTediiors with no stat¢d ini¢re51 fdie and receivable or pa>able within on¢ year ar¢ recorded at
transaction price. Any losses arising from impairment are ￿¢￿gnised in the pmfil and105s account in other
athninistrative Costs.
io

Peterhead Bap¢isi Chur¢h
Notes to the Accounts
for the Year Ended 31st July 2024
UDTestrlcttd Unrtstrkted Restrlct¢d
Funds
Fwids
Funds
Gtn¢ml
Designoi¢d
F4nd
Ftshds
2024
2024
TDtsI
Tolal
2024
2024
21123
3 DODatiO￿ & le8aeles
Church Offerings
Tax Recovered UVKler Gift Aid
Other Donaiions & Offerin8S
Spe¢ial Offerin85 & Colleaions
Oiher
133.354
22.697
133J54
31,W6
55,445
111,-505
27.804
41.863
9.2(V)
55.445
3.785
705
Totsl VoluntAry Income
iyj
68J22
18J 877
4 Ac¢lvltle5 for Gonerailni FuJbd%
Fundraising El'enis
Reni Receivable
Tolal of Actlvltks for Gentr•tln* Fulx
5 Inv¢stmeni Income
Bank In*r&41 R¢cei¥able
4.677
4,677
3,259
Tolal Investmeni Income
4.677
4ffj77
6 Other Income
Bank Rewards
Refund5
Hub renial
r#p & second hand s￿¢5
3,576
her Income
1.095 ￿70

Prt¢rtMd B8plisi ChDTrh
Not￿ to the Accounts
ror Ibe ¥￿T End￿ 3]￿ July 21124
Funts
Totsl
General
Fwnd
2Q24
2fj24
2024
2024
2fj23
7 AnalysS¥ of Expendlture
Ratskng otfuuth
Expendlture Ch8rltsble Atllvllla
Pasthr's Saltsry. petssion ar¥J mileage
Pulpil Supply
Bapiisi Union
DoDaiion4 io Ov¢r5¢45 Mission
Childr¢n's Mission & ￿her OU¢r￿h
General Donation5
Donaiions 10 Speak¢
H￿1 R¢Trtuls
Catrring Expenses
Trdnspon Co%is. Trips & Outings
Moderator¥ fe¢& and *areh commiiitt's tI￿n
Siuiiiinery. Postll8e & Ph￿￿Opyin8
Resour£¢s. BIK>ks & Md*ftals
Misc. Expens¢5 & Affili41ion Fees
G¢n¢raJ Repairs & Equipmtni R¢pgirs
P0￿r, Hell & Lighi
CkaJLin8 & Urknp
Telephone
Water Ratss & In5UT4nc¢
Manse Council Tax
Cl￿t￿r,$ W¥g¢s & PMsion
Provi5ioN for Depreeiaiion
ArLhiteci'5 f¢¢5 gnd ¥¢laied cxptnses
SurYeyor5 and Ftasability sludy
l*¥al F¢¢s
Other Propeny Expen#$
REVLCW Fee
44.712
2.024
6.370
44,712
1024
(370
soo
42.016
1.880
5(K>
2.399
23.Y42
21.150
375
45.142
375
411.050
394
5.121
1.274
95
3,420
4,843
9,449
974
5.152
7,362
21,606
7,374
13.524
785
5,313
5.299
3.¥07
642
7.SM
14.352
375
2.083
0.242
8,725
7,534
14 J52
1,108
8.271
8.271
2.463
4.018
1.580
SJ98
5,831
3,225
3,225
2.795
2.22Q
191,140
Total Rtsources Expendtd
151.1 12
17
191140
sup￿￿ t05t5 hav¢ noi bee￿ sep￿ie]Y i￿￿tir1ed as th¢ tsyM¢tS fOTrStder th* there is only chtiritabl¢ xtsvlly. Ther¢for¢
support I￿¥[$ rel&e wlM>lly (0 th4E ¥tsviiy aDd have separntety id¢MkfJ¢d.
12

Not¢s ts the Aetounts
forthe Year F4th 31st Jlllj 2(114
8 Stsircosts*lld nurnbefs
40,4JJ
38.544
curity¢osts
The av¢rasc ￿L￿b￿of¢mplOyttS durin8 thtyur.cakwTr•tyJ ￿ the knl5rf•￿ ￿X￿l, WAS ￿ loUowJ.'
2W
Admin15tJation
No emp]oye¢ ttuip¢ OfTWrn¥J￿1￿￿l￿￿rIts ifr¢y4Y$sol￿.1￿ll
During th¢ytaTTN5ttu R¢¢iYtyJ iht foJltr*iMi ¢xF¢nses.'
24
NkluTt•f P&ym¢Dt
S418rylWag¢s
Nts try.s1¢¢ ¢x a t¢1￿￿J 10 a hwj ID ¢￿tract LY by ih¢
riiy durin8 ih¢ )w.
10 T•D8tble Fjxtd Ax
IAlld & Flthm &
Buudtw Fltthjy
Cojl or VxlMtlon
Ai l Augkn5t ty23
Addjiions
DISP￿￿1
31 July 1024
I,WJ.911
56.ts16
1.935.102
4.901
A¢tUty￿A1ed Deptrdwllo
AI l Au8U5¢ 2U2J
Char8e fL￿YCar
Elixninaied on Di4<*•1s
!024
107.6
5,598
5J91
113
Nel BookV41vr
Al 31 July 2024
Ai 31 July 2023
1&79J
lJ82.7U
Utch
791.619
165.P)9 Bui411*8 Fund 1.074.308
261.4
.119.4
51133 Km8 Srt
The Lhur¢h rurr¢Dty ha5 llo iDY&%utMts.
13

## Peterhead Baptist Church 

Notes fo the Accounts for the Year Ended 3ist July 2024 


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|2024|2023|
|12|Debtors|£|£|
|Income Tax on|Gift|Aid Donations|31,906|27,804|
|Other|Debtors|0|0|
|Prepayments|3,657|4,146|
|35,563|31,950|
|2024|2023|
|13|Creditors|£|£|
|Trade|Creditors|0|0|
|Accrued|Expenses|4,184|3,864|
|Other|836|805|
|5,020|4,669|
|14|Analysis|of Net|Assets|Among Funds|
|Designated|Restricted|
|General|Fund|Funds|Funds|TOTALS|
|£|£|£|
|Fixed|Assets|803,673|1,079,049|0|1,882,722|
|Investments|0|0|0|0|
|Current|Assets|166,391|40,358|0|206,749|
|Current|Liabilities|(5,020)|0|0|(5,020)|
|Net Assets 3ist July 2024|965,044|~|1,119,407|—~O|2,084,451|
|15|Movements|in|Funds|
|At|1|August|Incoming|Outgoing|Transfers/|At 31|July|
|2023|Resources|Resources|Adjustments|2024|
|£|£|£|£|£|
|Restricted|Funds|
|There|are|no|restricted|funds|oO|0|0|0|0|
|Total|Restricted|Funds|0|6|0|0|6|
|Unrestricted|Funds|
|Designated Funds|
|India Fund|2,496|24,538|(19,000)|0|8,034|
|Women's|Association|219|4,567|(4,234)|0|552|
|Building|Fund|1,074,172|40,312|(3,663)|0|1,110,821|
|Total Designated Funds|1,076,887|69,417|(26,897)|0|1,119,407|
|General Funds|
|PBC General|Fund|951,643|164,513|(i1S1,112)|965,044|
|Total|Unrestricted|Funds|2,028,530|233,930|(178,009)|0|2,084,451|
|TOTAL FUNDS|2,028,530|233,930|(178,809)|6|2,084,451|

**----- End of picture text -----**<br>


14 



## Peterhead Baptist Church 

Notes to the Accounts for the Year Ended 3ist July 2024 

## 16 Purpose of Main Funds 

## Restricted Funds 

There are no restricted funds 

Designated Funds India Fund 

The main purpose of the fund is to finance and support missionary work in India. 

## Building Fund 

This fund is to be used for the renovation of the church building. 

Unrestricted Funds General Fund 

The main purpose of the fund is to finance and support the main day to day activities of the church. 

17 Reconciliation of net movements in funds to net cash flow from operating activities 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|2024|2023|
|£|£|
|Net|movement|in|funds|55,921|-2,428|
|Add|back|depreciation|charge|5,598|5,831|
|Deduct|interest|income|(4,677)|(3,259)|
|Deduct|gains/add|back|losses|on|investments|0|0|
|Decrease/(Increase)|in|debtors|(3,613)|2,165|
|Increase|(decrease)|in|creditors|351|893|
|Net cash generated|from|operating|activities|§3,580|3,202|

**----- End of picture text -----**<br>


15