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_ Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## Duncan Street Ba tist Church p **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| Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## 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. Page 1 Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## 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:**_ Page 2 Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## Duncan Street Ba tist Church p ## **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 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 9 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. Innes & Partners Limited Chartered Certified Accountants Innes House 18 Shairps Business Park Houstoun Road Livingston EH54 5FD Date: 23 September 2025 Page 3 Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## Duncan Street Ba tist Church p ## **Receipts and Payments Account** _for the year ended 31 December 2024_ |**Receipts**
**Notes**
Gift Aid giving
Gift Aid tax reclaimed
Ordinary offerings
Donations
Manse bathroom income
Other income
Bank interest
Fringe ticket income
**Total receipts**
**Payments**
Gross salaries
**2**
Books and periodicals
Catering
Advertising
Fringe event costs
Holiday club
Conferences
Electricity
Gas
General expenses
Church insurance
Manse insurance
Pastors discretional fund
Pulpit supply
Professional fees
Subscriptions
Tech fees and licences
Training costs
Website retainer / hosting costs
Manse council tax
Manse utilities
Telephone
Mens Fellowship speakers
Tech items
Garden
Church repair and maintenance
Building works
Manse repair and maintenance
Mission costs and donations
**4**
Independent examination
**Total payments**
**Net (decrease) / increase in cash for the year**
Cash balances brought forward
**Cash balances carried forward**|**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)_||| Page 4 Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## Duncan Street Ba tist Church p ## **Statement of Balances** _as at 31 December 2024_ |**Notes**
**Opening (Deficit)**
**balance**
**for year**
**£**
**£**
**Bank and cash in hand**
162,640
(29,952)
**Total bank and cash held**
**162,640**
**(29,952)**
**Reserves**
General fund
**5**
Designated fund
**5**
**Statement of assets at 31 December 2024**
Freehold property (at valuation, revalued 2024)
Gift Aid due
Other debtors
Prepayments
**Statement of liabilities at 31 December 2024**
Independent examination fee
Mission expenses
Other expenses
**2024**|
**Opening (Deficit)**
**balance**
**for year**
**£**
**£**
162,640
(29,952)
**2024**|**Closing**
**balance**

**£**
**132,688**
**132,688**
**108,206**
**24,482**
**132,688**
**885,000**
**11,298**
**3,150**
**-**
**14,448**
**960**
**8,072**
**715**
**9,747**|**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. Page 5 Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## Duncan Street Ba tist Church p ## **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. Page 6 Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## 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. Page 7 Docusign Envelope ID: 80B55ED2-F31D-4301-A656-4A76E01F34AA ## 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**|**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**| Page 8