FRASERBURGH BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Charity Number: SC015938
Fraserburgh Baptist Church Table of Contents Page Trustees Report Independent Examiners Report Receipts & Payments Account Statement Of Balances Notes to the Accounts
Frasertwrgh Baptist Church Trustees Annual Re ort For The Year Ended S A ri12023 Reference and administration details Charity Name Frasertjurgh Baptist Church Registered Charity Number SC015938 Charfty's Principal Addross Victoria Street Fraserburgh Aberdeenshire AB43 9PJ Correspondonce Address Trustees Committee Administrator (Resigned 3 March 2023) Structure ovornance and mana Governin Document The Church was founded in 1839 and reiVed charity status in 1920. The charity is an unincorpoiated organisth'on and is govemed by its ConstitLrtion. ement Trustee Recruitment & A ointment The Committee members are also the charlty trustees for the purpose of chanty law. The Committee members were elected by the Church members at a meeting held in December 2016 to serve for a 3 year term, The members ofthe church may appoint additional members to the committee at any point during this 3 year term. Ob ectives & acVItieS Charitable Pur oses The Church is affiliated with the Baptist Union of Scotland. The aim of the Church is to worship in Spirit and in truth, build up the members in the faith and to proclaim the Gospel of Jesus Christ in word and in action. Summa Of The Main Activlties Weekly worship seNices are held each Sunday to promote spiritual growth to the membership. Various meetings are held during the week including prayer meetings, bible studies and children's meetings.
Fraserburgh Baptlst Church Trustees Annual Re rt For The Year Ended 5 A ri12023 Achievem nts and erfomiance During the year, the church continued lo provide activrties and support for the congre9ation of the church. Financial Review Our main Sour of frjnding is the collections uplifted at the Sursday Services where the congregation have the opportunity to give financial aSSistsn to the continuano of the work of the Church. ReiPtS for the year ended 5 April 2023 were £45.206 (2022 £48,365) and payments were £57,104 (2022 £60.900) giving a deficrt for the period of £11,898 (2022 defiat of £12.535). Al the end of the financial period the charity held total unrestricted reseTve5 of £20,457 {2022 32.751} of which £396 (2022 £524} were designated reserves. The Committee members Consider this to be sufficient funds in order to continue its activJ*"es as present. ReseeS Poli The Commrttee's policy is to hold reserves of at least 3 months of the nomal running costs in order to meet commitrnents and lo cover any unexpected expenditure. Reserves at the year end were well in excess of this level. Plans for future eriods Frasefburgh Baptist Church has one service on a Sunday moming with a Sunday evening Bible study once per month. During COVID. the mtdweek prayer meeting became on online setvice. Since this f¢)rnial, which was also shortened in length, saw an increased attendan, this 'remote' meeting has continued, replacing the physical prayer meeling of th& pre-pandemic era. Given a reduction in the Size of the congregation. some outreach programmes and other meetings which were held before the pandemic have now stopped, arthough we ¢ontsnue our children's meeb.ngs on a Monday ntght from O¢tober to March. Other than this, cyjr plans for the future continue to be the preaching of God's word, pastoral care and finding ways both to grow the church and impact the community. One major plan for the futurE is to charvJe the charity status of the church from a UVA to SCIO. which offers greater legal protection and personality for the church. In fact, we are well underway with this process and hope to become a SCIO and become registered wrth OSCR by the end of 2023. Approved by the Iruslees and signed on their behalf by Date. 51.11 1025
Independent Examiner's Report to the Trustees of Fraserburgh Baptist chUh For The Year Ended 5 April 2023 I report on the accounts of the chaiity for the year ended 5 April 2023 which are set out on pages 5 10 7. Respectlve responslblllties of Trustses and Examiner The chanty's trustees are responsible for the preparation of the accounts in accordance with Ihe terms of the Chanties and Truslee Investment Iscotlandl Act 20051.the 2005 Act'l and the Charities Accounts IScotland} Regulations 2006 las amendedll'the 2006 Regulations") The charity trustees consider that the audit requirement of Regulations 1011 }{dl of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section1441111(c) of the 2005 Act and to stale whether p8rticular matters have come to my attenlion. Basis of indopendent examiner's statement My examination is carned out in accordan with Regulation 11 of the 2006 Regulations. An examination includes 8 review of the accounting records kept by the charity and a comparison of Ihe acLounts psented wrth 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 account5. Independent Examinerfs Statement In connection wbth my examination, no matter has come to my attention'_ which gives me reasonable cause to believe that, in any material respect, the requiremenl$'.- to keep accounting records in accordan with section 44(11(a) of the 2005 Acl and Regulation 4 of the 20C6 Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 ofthe 2006 Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounls to be reached. Name.. Professional Body.. on rac Scotland 10 Perwinnes Rise Bridge of Don Aberdeen A823 8LJ Icing efN er of The Institute Of Chartered Accountanls Of Address.. Date: 6 July 2023
Fraserburgh Baptlst Church Receipts and Payments Account for the ear ended 5 A ri12023 2023 2022 Receipts Church collections Gift Aid received Donations received Interest received Miscellaneous income Refunds Job retention scheme income 38,311 6,466 280 38.084 6,841 1,300 128 74 2,064 48,365 45,206 Payments Pastors salary Pastors expenses Pastors telephone Employer's national insurance Employerfs pension cx)ntributions Pulpit supply Cleaners wages Rates & InSUranS Manse repairs Church repairs Heat & light Pnnting, stationery & advertising Baptist Union SBF Missions Donations Equipment repairs & servicing Minibus expenses Miscellaneous expenses Gifts Equipment purchases Church provisions and caterirbg 27,856 101 608 2,965 3.108 175 3,120 4,098 920 90 4,766 478 1,680 2,000 367 2,778 1,010 27.840 97 617 2,477 2,988 405 3,120 4,013 7,031 3.608 3,234 579 1,680 611 1,702 589 35 163 111 299 685 57,104 Surplusl(Deficitl for year 11.898 12,535 All funds are unrestricted. The Notes on page 7 form an integral part of these accounts. The above statement exdudes funds raised on behalf of other charities which were paid acros$ during the year.
Frasftrt>uryh Baptlst Church statement of Balances as at 5 A 2023 2022 Bank and cash in h Opening balances (Deficitysurplus for the year Closing balances 32.751 11.898 20,853 45,286 12,535 32,751 Reserves General unrestricted reserves Designated reseeS Total resep4es 20.457 396 32.227 524 32.751 Assets Church building Manse Fixtures & Equipment Gift aid receivable- Unrestric funds 60.0(X) 30.0() 73,553 6.214 169,747 60.000 30.000 73.553 6,466 170.019 Llabllltie8 The Not8s on page 7 lonn an integral part of these acrxjunls. Approved by the trustees and signed on th8ir behalf by rus ee Date. .
Fraserburyh Baptist Church Notes to the Accounts Basis of aGcounting These accounts have been Prepared on Ihe Receipts and Payments basis in accordan with the Charities & Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 {as amended). Incoming resources All voluntary income (e.g. offerings and donations) are accounted for when received. Tax recovered on Gift Aid donations is accounted for when reived. Bank interest is accx)unted for when received. 3. Nature and purpose of funds Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. Designated funds are those that the trustees have set aside for a particular purpose. Restricted funds a Iho$e that have received for a particular purpose. as specified by the donor. 4. Related party transactlons During the year Rev Robert Brown, a trustee, received a pastor salary of £27,856 {2022 £27.8401 and expenses of £101 {2022 £97). These payments were made by the charity for his work done within the church as pastor and not for his serwces as a trustee. 5. Movement In Funds At S Aprll Incoming 2022 Resources Resources Expended Transfers At 5 April 2023 Unrestrictsd Funds General unrestricted funds Designated funds 32,227 45,206 156,976) 20.457 524 1128) 396 32,751 45,206 157,104} 20,853 Designated funds represent amounts which have been set aside to support the children's activities within the church, in particular the children's meeting and Ihe Saturday night children's club.