Castlehill Baptist Church Report and Financial Statements Year ended: 31 March 2023 Scottish Charity Number: SC016697
Castlehill Baptist Church Contents of the Trustees, Report and Financial Statements for the year ended 31 March 2023 Page Report of the Twstees Report of the Independent Examiner Statent of Financial Activity Balance Sheet Note8 to the Financial ststents
Castlehill Baptist Church Report of the trustses for the year ended 31 March 2023 The trustees present their annual report and fin8JaI statements ofthe Church for the year ended 31 March 2023. The financial Statents have been prepared in accnrdance wrth the accounting F)olicies set out in note 1 to the accounts and comply wrth the Charits and Trustee Investrnenl {Scollandl Act 2005. the Charities Accounts IScotLandl Regulations 20( las amended) and Accounting and Reporting by Charities." Statement of Recommended Practice applicable to chartlies prepanng their accounts in accordan with the Financial Repo.ng Standard for Smaller Enbbes published on 16 July 2014. Objectives and actlvtties The purpose of the Church is the advancement of the Christsan Farth and the relf of povety and other social needs. The aims of the Church are in line with rts Mission Statement-'Serying Christ. On8 Anott7er and th8 CommunrtK. The Church affiliated to the Baptsst Union of Scotland. The Church furthers its charrtable purposes through ts granl-making policy which aims to make grants from its voluntary Income to individuals and organisatKns that are generally known to the trustees a1 the Church. The beneficiar$ a Invofved in aciNrties or ministries compatible with the Church's objeclwes. Grant maklng pollcy As staled above, the Church has established rts grant making policy for the public beneffl to achieve its objectsves enshrined in the three-part MissKsn Stalemenl and to bring the love of God lo the mmunty, both here and abroad. A rnvl8w ol our achievements and performance The Iruslees are pleased to have been able to continue the level of support lo Missions Fund and to the Special causes. Significant hhlights, events and developments in the year induded the following. a. The contsnuats'on of monthty prayer tirres on Sunday evenings to encour8ge vision and community engagement b. The church has empbyed of a Famity Vlorker from February 2023 to further enhance our work among young Feople and familS in our neighbourhood. Future Plans The church will continue to reflect on appropriate ways of contril)uting to our Iccal Community through regular activittes and new opp)rtUnitS as they anse. Flnanclal review The Church's work is entirety reliant on income from regular voluntsry offerings from members, from gift aid donations and from nKthst tUrnS from rts savings accounts. Total voluntary offerings increased compared to the previous year but the Trustees don't consider the In¢aSe to be material. The financAI statements for the year are sel out on pages 6 to 13. The Statement of Financial Actsvity, in¢orporab"ng the Ino)me and Expenditure Ount. on page 6. reffects net expendrture over income In Unrestricted Funds, before transfers, of £13.255112022 £6,305 surplus). This amount includes a charge for deprection on the manse of£6.43412022 £6,434) vthich is required to compty with financial accounting stsndards_ Special offerings made by the congregaknn during the year totalled £857 {2022 £1,962}. The analysis of special offerings is set OLrt in note 13 to the accounts. Investment income from bank deposits was £91512022 £4661. The trustee$ have endeavoured to maintain controllable expendrture and costs but the cost of carying out charitable aCtiVrt$. excluding stipend costs. increased in the year by £10,391 from £15,160 in 2022 10 £25,551 in 2023. The main increases were in Hall Rental as the Church met again In Castlehill Primary School for worship, maintenance costs ft)r the Manse and the recrurtment of a Chiklren & Famity Worker for outreach to the local c£Jmmunty. The analysis of the movements within each of the consbtuenl categories is set out in note 4 to the accounts. The totsl cost of charitable activities during the year was £54,711 {2022 £43.4201
Castlehill Baptist Church The year-end finan¢o1 posrtK)n is strong with £99,071 in the bank accounts, a decrease of £3.471 from 2022. Key perforniance indicato As a small charity the trustees do not monitor rrfomHncÉ Ihrough the use of financial or non-financlal KPIS. Investment poll¢y and performance The investment policy is simple. The trustees do not invest direclly in stocks and shaS and our ethical criteria would prohibrt investmenl in companv& that rnanufacture 8m)aments, alcohol or tobacco. The trustees have a low appetr(e for inveslrnent risk and have resofved io maintain the Church's funds in interest bearing savings account wf(h Stab banks. The reductson in the general level of interest rates in thè UK has resutted in the Churth's savings eaming Irtt interest. R18k management The principal risks faced by the Church lie in the dedine In membership numbers and an aging membership. Atthough attendan remains strong, the number of committed members has reduced. This could reduce the nUmr of wtenb.al members willing so sep4e as a Deacon and that in tum could reduce the number and frequency of church a¢tivitw. The trustees assess the major nsks to whKh the charity is exposed on an onoing basis and endeavour to m"gate those Ihat are idenbfied as a result of these revwrt. Re80rve8 poIIcy It Is the policy ol the Church to maintain Unrestricted Funds. 1.8. funds not cnmmrtted or invested in fixed assets, at a level which equates to at least thre8 mnths unreStrted expenditure. This allows SLsfficienl funds to enable the ongoing work of the Church lo be maintained. This policy will be reviewed whenever any major financial o)mmitments are agreed. Nel curnt assets i.e. uncommitted cash at 31 March 2023 amounted to £95.29012022 £99.5251 whbch was equNalent to over 12 months average 81 of tharitable actsVrt. Thi$ sab'$f5 the atKsve requirements. Total reserves, including the nel khxik value of ffix6d assets and balances on restn'cted funds amounted to £342,380 (2022 £353.295) Plan8 for the fure The Church's acbvities, esplY as regards outreach into community, have been the f(S of continual review and special meetings of the Deacons, Court. The Church will conts.nue lo develop links with the communty by Onoing work wth local schools and other communty organisats'ons. The Deacons proposed. and the church membership approved, that Ihe church should change tts legal slalus from an Unincorporated Voluntary AssocIatn to a Scothsh Charitable Incorporated Organisation. This was based on a recomrrndatKn from the Bapts'st Unn of Scotland as the SCIO status provides more legal proteckn.on for the church's tnjstees and simplifies the holding of propety by the church. The change prccess is underway and is expected to complete by 31 August 2023. StTUCture, goveman¢• and management Castlehill Baptist Church is established by Constrtution. The Church is a Scottish Charty (No SC016697) and is recognised by the Office of the Scottish Charity Regulator l°OSCR'I. Hl8tory of th• Church Castlehill Baptist Church began as an outreach of Bearsden Baptist Church in the summer of 1975. Following a chiklren's Holiday sUmr Bible Club. a weekty children's Work and monthly famity seNices were started in the autumn of that year. By February 1976, these rrnthlY Sunday morning seiceS had become weekty. There had also been addltional involvement in the communty with the setting up of a Boys. Brigade sects'on - the 4th Bearsden. By 1989, the Casljehill Fellowship of Bearsden Baptist Church, as it was then known. had developed its own wf(ness in the North West comer of the town and rt was deced that the fellowship should ¢onstrtute as a Baptsst Church in its own ngh[ wrth affiliatKin to the Ba tisl Union of Scotland. Casllehill Baplist Church was constituted on 15 April 1989 wrth as its first pastor
Castlehill Baptist Church remainÈ 7 when he and his wife retumed to Japan with the Overseas Missionary Fellowship gust 1999 and was pastor unb'l Juty 2007. Following a and a half year vacancy, as appointed as pastor wth effect from 7 December 2009. During 2019 the Church celebtated its 30'.l annNersary of being formally consbtuted as a separdle congregabon. astor until 1 Kay managgment pemnnel remuneration The Church Is ¢ongregalional in polw and rts day to day running B undertaken by the Office Bear$ Ilhe trustees) arid the Deacons. Court. Deacons are elected by the Church membership and hold office for three years bul are digibk for lectn thereafter The Office Bear$ who served during the year and to the date of this report are set out in the reference and administration information b810w. The Iruslees are the Secretary, Treasurer and Minute Secretsry to the Deacons. Court, and any other deacon elected al a Church Eetsng to serve in this way. Appropnate training is given to trustees in the management of a charity. The board of trustees. the deftSte and the pa8tOf compri86 tho key rnanaget personnel of the chanty. The deaconale and pastor have colwve responsibilrty for direcknng, running and operating the charity on a day to day basis. All trustees gwe of their time freety and no trustee remuneration or expenses were paid In the year. Onty the Pastor recewes femuneration as sel out in note 10 below. Trustees are reqUId to disclose all relevant interests and register them wth the Church in accordance with the Church's policy to withdraw from decIsnS where a confi1 of interest arises. The trustees consider that there are no related party transaCtS whth require separate disclosure. The sts'pend of the Church's pastor is reviewed penodically and increased as appropnate. The remuneration is tenchmarked with other Churches in the Baptist Union of Scotland lo ensure that the remuneration sel is fair and not out of line that generalty paid for simiL8r ioles. Relerence and admlnlstratlve Information Bankers Bank of Scouand, 2 Station Road, Milngavie. Glasgow. G62 8AB Solicitors Isolicf(or for Baptist Union of Scotlandl Diakoneo Legal Services Limited, 48 Speirs ryrf. Glasgryw G4 9TH
Castlehill Baptist Church Trustees, responsibililies in rnlatSon to tho financial stateme The charity trustees are responsible for prepanng a trustees, annual reFQrt and financial statements in accordance wrth applicable law and Unrted 'ngdoM Generalty Accepw Accountsng Practi. Approved by the trustees on 17 September 2023 and soned on their behaff by.. Secretaryttrustee 17 September 2023
Castlehill Baptist Church Independent Examinerfs Report To the mÈrnbers of Ca$ehI11 8aptist Churth. Charlty No SC016697 Respe¢iive responslbilities of tru5tèts •nd examiner The church irustees are responsible for the preparation of the accounts in accordance with the terms of the Charitles and Trustee Investment (Scotlandl 2)5 Act and the Charities Accounts Iscotlandl Re8Ulatn$ 26. The church irustees consider that the audrt requirement of ReBulatlon 10111 Idl of the Accounts Regulatfjons does not appty. It is my resptsn5ibility to examine the accounts as required under settn 44111 Icl of the Act and to state whether particular matters have come to my attention. Basis of Ind•p•ndenl Examln•rfs Ststement My examSnation is carried out in accordance with RegLtlation 11 of the Charitie5 Accotsnis Iscotlandl Regulaiions 2(6. An examination includes a review of the accountin8 CordS kept by the tharity and a comparison of the accounts presented wilh those records. It also inclLKle5 conslderat6on of anv unusual items or disclosures in the XCOUn and seeks expLinations Irom the trullees concernln8 any such matters. The prod$ undertaken not pm¥¥de all the evidence ihat would be fequlrtd in an audit and, consequently, I do not exp55 an audit opinion on the ac¢ountS. Independent Emamlnerfs Statement In the course ol my eXaminatn. no matter has come to my attentlon, whi¢h 8ives me reasonable cause to believe that in any materlal respett the requlrements.. to keep accouniin8 records in accordance with se¢iion 44111 lal of ihe 2(M)S Aa and Regulation 4 of the 26 Accounts Ae8ulations, and - io prepare a¢wunt5 which a¢¢ord with the accountlns records and comply with Re8ulation 9 of the 2CQ6 Accounts Re8vlations have r1 been met 2 to which, in my opinion. attention shoukl be drawn in Order to enable a proper understandin8 01 accounts to be 0¢he. Si8neil Date A55ociate Member of the Chartered Institute ot Mana8ement Accountants
Castlehill Baptist Church Financial Statements for the year ended 31 March 2023 Statement of Financial Activity incorporating the Income and expenditure account for the year ended 31 March 2023 Unrestricted Restrict8d Funds Funds Prior y8ar Total Funds Total Funds Income Donations - Voluntsry offerings Investment income Total income 53,591 915 64.506 54,588 915 53,909 997 Expendlturn Charitable activrtEs - Church Grants and donatr'ons- extemal Total exponditure 54,711 3.050 54,711 43,420 66 18 Net Incomol Expendlturn befor• trnn$fer• 13.255) 17.6601 110,9151 1495) Transfers Net transfers beeen fvnds 17,500) N•t Incomel Exp8ndtturg beforo other recognlsed gainsl{lossos1 110,755) (1601 110,915) 14951 Not mov•ment In funds 110,755) (1601 110,915) (4951 Reconclllatlon of fid$ Total funds brought for4vard Total funds carried forward 2 673 353 295 2 513 342 380 353 790 353 295 339,867
Castlehill Baptist Church Financial Statements for the year ended 31 March 2023 Balance Sheet as at 31 March 2023 Unrestricted R•strictsd Fund$ Funds 2023 Total Funds 2022 Total Funds Nolo Flx•d assets 251 097 Currgnt assets Savings account Current account Gift aid due on spec1 offenngs Total current assets 72.023 24,535 72.023 27,048 46,108 56,246 188 102,542 2,513 96,558 2,513 99,071 Credltord Amounts falling due wrthin one year 11,2681 11,268) 1344} Net curront 480ts 102 198 Total assots lou eurrent Ilabllltle8 353 295 Ropvgsonted by: Unrestricted Funds Restricted funds 339,867 339,867 2.513 350,822 2,673 2,513 339,867 2,513 342,380 353,295 The notes on pages 8 to 13 form part of these financial slatements Approved by Ihe trustees and suned on their behalf by.. SecretaryrL¢s1ee 17 September 2023
Castlehill Baptist Church Financial Statements for the year ended 31 March 2023 Notes to the financial statements Accounting pollcles Basis ofpreparats'on and a&sessm8nt of gtyng concem The accounts (financial ststementsl have been prepared in accordance wrth Accounb"ng and Repo.ng by Charities.. Statement of Recommended Prxcts' applicable to charttEs preparing their accounts in accordan¢e with the Financial Repo.ng Standard for Smaller Enbtses published on 16 July 2014, the Financial Reportyng Standard for Smaller Enb"ties IFRSSEI, the Charities and Trustee Investrnent Iscolland) Act 2005 and the Charrtjes Accounts {Scotlandl Regulatn$ 2006 {as anded> The accounts have been prepared under the historical cost convention wth items recognised at cost or transaction valu8 unless othepww stated In the relevant note(s) to these accounts. Incoming ReITc8S All income is recognised onct the charity has enttlement to the income, there is suffic1 certainty of receipt and so it is probable that the incon will be received, and the amount of income receÈvable can be measured reliabty. R8sources Expended Resources Expended are included in the Statement of Financial Acltvities on an accruaL8 basis and allocated to the appropriate headings in the accounts. Realised gains and Ioss8S All gains and losses are taken to the ststerrenl of financial activities as they anse R8cognrtion of Liabilities Liabilities are recognised a$ expenditure as scx)n as there is a legal or constwctive obligation committing the chanty lo that expenditure, rt is probable that settlement will be required and the amount of the obligation can be measured reliabty. All expenditu ts accounted for on an accruals basis. All expenses are allocated or apFQrtioned to the appluble expenditure headings in the stslement of financial activitles. Tanble Assets and Depreciat Tangible assets are stated at cost. Depreciation is charged on land and buildings at 20/0 of cost on straight line basis to write off the value of property over a fifty year pericJ. Depreciats'on is also charged on equipment al 20% of cost on a straight line basis to wnte off the value of equipment assets over a five year period. A full yearfs deprecIatn charged In the year of acquisitK)n. It should be noled that the legislats"on. which charib"e$ are subject to. requiffjs the church to provide for depreciation on the manse. Housing in the Bearsden area is expected lo actually increases in value each year and the manse Is not CA)nsidered to te an eXp17 especially as the church maintains it in excellent order. Taxatson Casllehill Baptsst Church has tharitable status for UK tax purFoses and is 8x8mpt from tax on income and gains to the extent that they are applied lo its charitable actNits'es. 1CoVer?b19 VA T Irrecoverable VAT is charged against the expenditure heajing for whh it was incurred.
Castlehill Baptist Church Financial Statements for the year ended 31 March 2023 Voluntary offerings Voluntary offerings have been received during the year as folk)ws". Note 2023 2022 Unrestrl¢tsd Funds Voluntary offerings Tax refund on offerings Legacy from Margaret Soutar 42,969 9,622 41,977 9.970 51.947 Rgstrictod Fun Fellowship fvnd Special offerings 140 857 997 54.588 1,962 1,962 53,909 Total voluntary offorfngs Inv•stment incom6 Investment income compnses interest eamed on fvnds on deposit at banks. Charitablo a¢tivitles. Church Costs Incurred in carrying out the charitable ivrts of the Church were as follows.. Note 2023 2022 Unre8trlcted Funds Accounting and payroll fees AudKpvisual expenses Council tax Depreciation Hall rental In84Jrance Junior Church Maintenance Miscellaneous Outreach Pulpit suppty Social events Stationery Stspend and Salaries Teaching and training Telephone and internet Total charitable acth*lties - Church 587 291 3.438 6.520 6,124 593 305 3,154 356 614 258 3.329 6.520 603 139 1.213 615 1,054 60 191 15 28,260 320 480 10 31,743 51 The trustees consKler that the govemance costs of the charity are £nil12022 £nill. In the 2022 accounts the Accounting and Payroll fees were included in the Miscellaneous costs category but the comparatives have been $tated in this yearfs a¢unts.
Castlehill Baptist Church Financial Statements for the year ended 31 March 2023 Grants and donatlons The grants and donats.ons made by the Church during the year were as folks.. 2023 2022 Unrestricted Fund8 Baptist Fund Gifts to others MisSnS 11 1,700 350 1,638 1,050 3,050 Rostricted Funds Fellowship fvnd Missions fund Special offenngs 1,300 6,500 857 300 6,500 1,962 Totsl grants and donallon• 11,450 The £1,000 additional MissK)ns paYff1 was made lo Scxiplure unl in respect of ther Lendrickmuir rebuilding appeal. Grants and donations, payments lo the 8aptisl Fund. other Mi8slonary organisations and Special Offerings, of£11.707 made dunng the year represent 214% of the totsl voluntary income of the Church. If 2023 spend on outreach is included the total is £12.516 i.e. 22.9% The 2022 total of £10,100 was 18.6°1tr. If the 2022 spend on Outreach is induded In the expenditure il would total £11,154 i.e. 20.5% of Income. Flxod assots and depreclatlon An anatysis of the fixed assets and depreciation charge is set out in the following tsbles Ownlng balanc• at 1 April 2022 Additlt)n• WAt• durSng t year Closlng balance at 31 March 2023 Land and buildings Equipment 321.743 6,671 321.743 6,671 328 414 -Doprociatlon- Openin9 tsala at 1 .12022 Charp In Wrlte do¥ffl year CIo8lng balance * 31 Morch 2023 Not book value at 31 March 2023 Land and buildings Equipment 70,817 77,251 6,586 244492 83.837 244,577 Fixed assets are stated at cost sS accumulated depreu*ion. io
Castlehill Baptist Church Financial Statsments for the year ended 31 March 2023 The equipment assets are mainty audiviSUal items. These have a limited life span due to obsolescence of the te¢hnoW and wear from handling every week. Most of the equIpnt is fvlly depreciated. Creditors falllng due wlihln one year 2023 2022 East DunbartOnShi Council {Hall Rental) Payroll Processing services Pension contn'butsons 893 228 147 1.268 Unrestrlctod Funds 2023 2022 At 1 April 2022 Ioeficitllsurplus ol inco over exFendrture Transfer to MissnS Fund Transfer to Fellowship Fund At 31 March 2023 350,622 13,255) {6,500} 351,117 6,305 {6,5001 300 350,622 The Unrestn'cted Funds represent the accumulated funds within the Church thal have not been allocated to any defined purposes. RtrIcted funds Restricled funds represent funds within the Church that have been allc¢ated to certain specrfl'c purposes. There have been movements In the restricted fvnds operated by the Church and an analysis of these movements is set OLrt in the following tables. Op•nlng Trnnsf•rn Trnnsfer• balance at Irom from 1 April Unrgstrict Re6tri¢ted 2022 ed Funds Funds CIo8lng Increase Payments balancg at intho from tho 31 March fund fund 2023 Fellowship fund Missions fund Sabbatical thnd Special offerings 173 200 2.300 1.000 6,500 140 1,300 6,500 13 200 2,300 12 13 857 857 8,657 2.673 7,500 2,513 The balance on total restricted funds décreased by £160 during 2023 but dKI not change during 2022. The church received a bequest of £1,000 from the estate of Margaret Soutar in October 2022 that the Deacons decided to allocate to the Fellowship fvnd to a$t specific families suffering from the increased cost of living_ The purpose of ea(* restn.cted fund is as follows.. Fellowship fund This is a discreti(mary fvnd controlled by the pastor and i8 used to alleviate financ1 suffering within the Church The Church aims to lrthe rts income and this fund Is use(J to receive transfers from UnreStred Funds and make payments to missionary Missions fijnd 11
Castlehill Baptist Church Financial Statements for the year ended 31 March 2023 organisations. An anasIS of the payments maje from this fund is sel out in note 12 to the acujunts. This fund has been set up to finance the Sabbatical leave of the Pastor. Offerings for special puOSe$ a held and paid out from Ihrs fund. An analysis of the donatM)ns m&Je to this fund is set out in note 13 to the accounts. Sabbatical fund Special offerings 10 Stlpend and Salaries The Pastor and the Children & Famity Vl)rker r1Ve remuneration from the Church. The amounts a as follows.. 2023 2022 Stipend Children & Famity Worker 29,160 2.583 28,260 11 Baptlst fiind The Church is affiliated to the Baptist Union of Scotland and as such pays an annual contributn to this org8nisation based on the number of members at a rate suggested by the Baptist Union of Scotland for its ongoing operatjons. 12 Mlsslon lund Payments from the Mission fund dunng the year V•re rne to the foShNing 1ndsvuals and organisations.. 2023 2022 OMF (for the support of and Blaise) Glasgow City Mission MAF (for the support of the Cools Famity) Uganda mission for the Ka families Scripture Uni¢)n Scotland Scripture Union Ukraine Message Trust (for the support of Andy INells) steadfast Global cliffe Bible Translalors Asia Link 800 31KJ 1,000 2AOO 720 500 400 1.000 2,400 1.100 600 600 300 80 200 12
Castlehill Baptist Church Financial Statements for the year ended 31 March 2023 13 Spè¢ial offenngs 2023 2022 BMS HaNest Offering OMF (for thè support of Bee and BlSe} MAF Scripture Union Glasgow Crty Mission Uganda mission for the Kalwe families Message Twst (for the supwrt of Andy INells) 360 235 115 70 77 670 857 1,*2 14 Cash flow The following analysis reconciles the dosing bank and cash bakin to the opening bank and cash balances by showing the flow of cash funds for the year. Bank and cash balances at 1 Aprfl 2022 102,354 D•fl¢tt for the year Aceountlng tran8aetlon¥ not involvlng th• movernent of funds: Depreciation charge 10,915) {4,3951 (Xher Mov•mont• in Working Capltal: Decrease in CuTTent assets Increase in Creditors 188 924 1,112 (3,283} Bank and ¢a8h balances at 31 March 2023 13