2024-12-31-accounts - Duncan Street Baptist Church

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Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA

Scottish Charity No. SC018115

Duncan Street Baptist Church

Trustees’ Report and Financial Statements For the year ended 31 December 2024

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Contents of the Financial Statements for the year ended 31 December 2024

	Page
Report of the Trustees	1 – 2
Report of the Independent Examiner	3
Receipts and Payments Account	4
Statement of Balances	5
Notes to the Financial Statements	6 – 8

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Duncan Street Ba tist Church p

Report of the Trustees for the year ended 31 December 2024

The Trustees are pleased to present their report together with the financial statements of the Charity for the year ended 31 December 2024.

Reference and administrative details

Principal and registered address

Duncan Street Baptist Church 13 Duncan Street Edinburgh EH9 1SR

Trustees

Structure, governance and management

Governing document

Duncan Street Baptist Church (SC018115) is a Trust and is established by a deed of trust. It was registered in its current legal form in July 1931. The Church is congregational in policy and is governed under a Constitution and in accordance with the teachings of the Holy Bible, which we believe to be written under the divine inspiration of God and therefore is entirely trustworthy and the sole authority in all matters of faith and conduct.

Organisation

The Church is Elder led and congregationally governed according to the practices described in the Constitution. Church members meetings are held at least three times a year, the Annual General Meeting being held in the first quarter, to hear a statement of Church finances and for consultation about Church work. Each meeting also considers the decision of any business remitted from the Elders’ or Deacons’ meetings which are held at least every second month of each financial year.

Recruitment and appointment of Trustees

The Trustees of the Church are the Pastor and the elected Elders and Deacons of the Church. The Elders of the Church are appointed in accordance with the requirements of 1 Timothy 3 and Titus 1 and following an election process involving the membership of the Church. Each Elder (Trustee) is appointed in perpetuity until resignation including the Pastor who is a paid officer of the charity. The Deacons of the Church are appointed in accordance with the requirements of 1 Timothy 3:8-13 and following an election process involving the membership of the Church. Each Deacon (Trustee) is appointed on a three year term.

Apart from the Pastor none of the Trustees receive any form of remuneration.

The title deeds to the property and land owned by the church are held by all current Trustees.

Objectives and aim

The aim and objective of the Church, which is affiliated to the Baptist Union of Scotland, is to continue to build a loving, caring, nurturing, Bible-based fellowship, which strives to live out the Great Commission of the Lord Jesus Christ, as we live for Christ, proclaim Christ, share Christ and grow in Christ.

The Church seeks to achieve these objectives through Bible teaching, prayer, praise and worship, discipleship, fellowship, children’s and youth ministries and mission and evangelism.

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Duncan Street Ba tist Church p

Report of the Trustees for the year ended 31 December 2024

Achievements and performance

During the year, the Church continued in its fellowship and its various activities; for this, we give God all the praise.

After many years of planning and saving, we appointed architects and contractors to create new toilet spaces and a new commercial kitchen within the church property. This building project will continue into 2025.

Future plans

Continue to build a loving, caring, nurturing, Bible-based fellowship which strives to live out the Great Commission of the Lord Jesus Christ; as we live for Christ, proclaim Christ, share Christ and grow Christ.

Financial review

Results for the year

The financial statements for the year are set out in pages 4 to 8. The Receipts and Payments Account on page 4 reflects a decrease in funds of £29,952, (2023: restated net increase of £20,589). This, when added to the restated funds brought forward of £162,640 (2023: restated £142,051) gives general funds carried forward of £108,206 (2023: restated £100,201), designated funds carried forward of £24,482 (2023: restated £62,439) and restricted funds carried forward of £nil (2023: restated £nil). The total funds carried forward are £132,688 (2023: restated £162,640).

Reserves

It is the policy of the church to maintain unrestricted funds at a level that equates to approximately 3 months of regular running costs and to meet its commitments. As shown on page 5, the level of general reserves at 31 December 2024 amounted to £108,206 (2023: restated £100,201) which is above the required level.

Approved by the Trustees on 23 September 2025 and signed on their behalf by:

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Report of the Independent Examiner to the Trustees for the year ended 31 December 2024

I report on the accounts of the Charity for the year ended 31 December 2024 which are set out on pages 4 to 8.

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) (d) 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 in the accounts.

Independent Examiner’s Statement

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

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 9 of the 2006 Accounts Regulations (as amended) have not been met, or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Innes & Partners Limited Chartered Certified Accountants

Innes House 18 Shairps Business Park Houstoun Road Livingston EH54 5FD

Date: 23 September 2025

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Receipts and Payments Account for the year ended 31 December 2024

General fund £ 64,963 19,866 16,271 202 - 8,041 106 3,323	Designated fund £ - - - 38,243 - - - -	2024 Total £ 64,963 19,866 16,271 38,445 - 8,041 106 3,323	Restated 2023 Total £ 68,339 9,490 15,398 5,641 5,444 3,589 12 -
112,772	38,243	151,015	107,913
40,567 464 841 309 2,631 397 100 1,920 5,538 1,469 3,478 1,456 300 1,280 1,020 172 1,079 - 405 5,568 - 243 80 313 - 3,757 - 19,934 10,186 1,260	- - - - - - - - - - - - - - - - - - - - - - - - - - 76,000 - 200 -	40,567 464 841 309 2,631 397 100 1,920 5,538 1,469 3,478 1,456 300 1,280 1,020 172 1,079 - 405 5,568 - 243 80 313 - 3,757 76,000 19,934 10,386 1,260	38,258 141 1,597 425 - - 100 1,713 5,172 542 3,463 1,391 100 2,020 - 145 3,076 30 1,316 - 143 228 130 329 732 7,946 3,782 6,837 6,508 1,200
104,767	76,200	180,967	87,324
8,005 100,201	(37,957) 62,439	(29,952) 162,640	20,589 142,051
108,206	24,482	132,688	162,640
(Note 5)	(Note 5)

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Duncan Street Ba tist Church p

Statement of Balances as at 31 December 2024

Opening (Deficit) balance for year £ £ 162,640 (29,952) 2024	Restated Opening Surplus balance for year £ £ 142,051 20,589 2023	Closing balance £ 162,640
162,640 (29,952)	142,051 20,589	162,640
		100,201 62,439
		162,640
		230,000 5,721 13 1,888
		7,622
		1,236 8,037 930
		10,203

Approved by the Trustees on 23 September 2025 and signed on their behalf by the undernoted:

The notes on pages 6 to 8 form part of these financial statements.

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Notes to the Financial Statements f or the year ended 31 December 2024

1. Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended).

Basis of financial statements

The financial statements have been prepared on a Receipts and Payments basis. Previous years figures have been restated from Accruals to Receipts and Payments.

Congregation income

All voluntary income, income from tax recoveries on Gift Aid and bank interest is accounted for when received.

Tax refunds

Tax refunds are the amounts claimed during the year in respect of donations by Gift Aid.

Receipts & Payments Account

For the purpose of the Receipts & Payments Account as shown on page 4, funds are defined as follows:

Unrestricted fund comprise grants and other income received for the objects of the congregation without further specified purpose and are available as general funds.

Designated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes.

Restricted funds comprise income which has been received for the objects of the congregation and specified for a restricted purpose within these objects by the donor.

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Duncan Street Baptist Church

Notes to the Receipts and Payments Accounts for the year ended 31 December 2024

2. Staff costs and numbers


Staff costs and numbers Gross salaries Employer pension costs Pension deficit payments Employee benefits	2024 £ 35,761 3,900 10 896	Restated 2023 £ 33,715 3,692 12 839
	40,567	38,258

The average number of employees during the year was 2 (2023: 2).

3. Transactions with Trustees and related parties

No Trustees received remuneration for their position as Trustees during the year (2023: nil). The Pastor who is also a Trustee was paid a salary for his role as Pastor during the year of £34,084 (2023: £32,000) as well as expenses totalling £896 (2023: £839). Contributions were made on his behalf to a pension scheme totalling £3,900 (2023: £3,692). Residential accomodation is also made available to the Pastor.

During the year a relative of a Trustee was employed as cleaner and received gross earnings of £1,677 (2023: £1,715).

4. Mission costs and donations


4. Mission costs and donations Mission Aviation Fellowship Barnabas Trust Christian Institute Faith Mission Baptist Union of Scotland SOLAS Scripture Union Scotland Edinburgh City Mission Hampers Gifts to individuals 5. Unrestricted funds General fund *Designated fund* Reserves fund Building fund Faith Welcome fund Ministerial training fund Total unrestricted funds	Restated balance at 01.01.24 £ 100,201 17,610 43,426 465 938	General fund £ 2,709 2,009 2,009 2,009 600 550 300 - -	Designated fund £ - - - - - - - - 200	2024 Total £ 2,709 2,009 2,009 2,009 600 550 300 - 200	Restated 2023 Total £ 1,767 1,247 1,247 1,247 600 - - 400 -
		10,186	200	10,386	6,508
		Receipts £ 112,772 - 38,243 - -	Payments £ (104,767) - (76,000) - (200)	Transfers £ - - - - -	Balance at 31.12.24 £ 108,206 17,610 5,669 465 738
	162,640	151,015	(180,967)	-	132,688

Explanation of funds

The General fund encompasses all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted.

Designated funds

The Reserve fund is an emergency capital for unforeseen circumstances.

The Building fund is working capital to be deployed for the upkeep and refurbishment of the Church premises.

The Faithful Welcome fund was received from Edinburgh City Missions to welcome Ukrainian families to Edinburgh with a meal.

The Ministerial training fund is to support teaching ministry training in accordance with Matthew 9:38.

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Duncan Street Baptist Church

Notes to the Receipts and Payments Accounts for the year ended 31 December 2024

6. Restatement of comparatives

We have restated the figures for 2023, and the brought-forward 2022 reserves as the Church has changed its accounting policy and has adopted the Receipts & Payments accounting method in the current year.

Unrestricted fund £ Reserves at 31 December 2022, 79,142 as previously stated Reverse capitalisation of fixed assets - 2022 income as debtors (4,253) 2022 reversal of prepayments as expenditure (1,910) 2022 adjustments to bank balances 160 2022 expenditure as creditors 7,159 Restated reserves at 31 December 2022 80,298 Surplus for the year to 31 December 2023, 18,478 as previously stated Reversal of 2022 debtors as income 4,253 2022 prepayments as expenditure 1,750 Reversal of 2022 creditors as expenditure (7,159) 2023 debtors as income (7,622) 2023 creditors as expenditure 10,203 Revised surplus for year to 31 December 2023 19,903 Revised reserves at 31 December 2023 100,201	Designated funds £ 61,753 - - - - -	Restricted funds £ 230,000 (230,000) - - - -	Total £ 370,895 (230,000) (4,253) (1,910) 160 7,159
80,298	61,753	-	142,051
18,478 4,253 1,750 (7,159) (7,622) 10,203	686 - - - - -	- - - - - -	19,164 4,253 1,750 (7,159) (7,622) 10,203
19,903	686	-	20,589

100,201	62,439	-	162,640

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