OUTH BEACH BAPTI REPORT AND FINANCIAL YEAR EN ED JO SEPT MBER 2 HARI JOFIN KERR & COMPANY CHARTERED ACCOUNTANTS
SOUTII BEACH BAPTIST CHURCH LEGAL & ADMINISTRAllVE NFORMATION TrUilL's Senior Pasior A5skiate Pasior Treasurer Secretary resigned 17 November 2022 nc 66a Ardrosson Road. Salrcoa¢& Ayrthir¢ KA215BW Ind¢'!LiidLiiI LNaiDiust Bsc CA (ICAS) 'hart¢rcd Accountants, 32a Hamilton StreeL Sattcoats, KA215DS Bank of Scoiland, 57 Dockhead Streei. Saiico*s Aytshir¢. KA215EH Ja5 Campbell & Compony Solicitor4 Bank of Scotland Buildin8. 57 Dockh¢ StreeL Saltcoats. Ayrshir¢. KA21 SEH
SOUTH BEACH BAPTIST CHURCH REPORT OF TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022 Aims South Beach Baplist Church 1$ 8 re8isiered charity in Scotland operaied under its cons¢i¢ution. The managem¢nt of the charity is ih¢ responsibility of the Inle¢S who are electrd under the cot)stitution. The church is a member of the Bapti51 Uniort ofs¢otland and its aim$ #re to conduct public worship, and to build up the faiih of Ihose who Atiend, and to declare the Christian gospel to oih¢rs in the ¢ommunity and beyond. Re rt of ihe Tru tee The trustees hav¢ pl¢osure in weseniing their ryrt for the year ertded 30 September 2022. This report is prepared in aceordpnce with the Trust Dttd and the recommendations of the Statement of Recornmended Pra¢¢ice- Accounting ond Reporting by Ch8ri¢ies and complies with 8pplIb1e law. The financial 51atements cpmply with th¢ Charities and TNs¢e¢ Inv¢51ment (Swtland) A¢t 2005, the Charities Accounts (S¢oilandl Re8ulaiions 2006 {&8 amended). Ihe Compani¢5 Act 26. the Memorandum and Articles of Associa(ion, and Accountin8 and ReFrt)rting by Chariiies.. Staiemen¢ of Recommended Practice applicable to charitL¢5 preparing their a¢¢ourbts in accordance with the Financial Reporting Standard applicable irt th¢ UK and Republi¢ of Ireland (FRS 102). Legal and Administrative information sei out on page I forn5 part of this report. The finan¢ial statement$ comply with current SiuL0ry requiT¢m¢nts the memorartdum and articles of ¥ssociation and the Stst¢m¢nt of Recommended Practice Ac¢ouniin8 and Reportin8 Chariti¢$. activitie Worship services on & Sunday Special services at various times throu8hou¢ the year Various small house group5 Bible read through group A variety of youth activities ort a Sunday and thirin8 th¢ week including Sunday schLx)I, Bible Class, and Youth Fellowship. Little Stars- Toddlers 8foup* meeting in the hall on Friday5 Social gathering5 and meals A variety of community yd outreach activili&s throughout ihe year
sourH BEACH BAPTIST CHURCH REPORT OF TRUSTt.ES FOR THE YEAR ENDED 30 SEPTEMBER 2022 Financial PeTforni8nce In¢oming Tesources foT the year were £102,057 (2021: £98,17) and with iotsl expendiiure of £112,80912021: £103,860) (he charity rnn 81 & deficit of £10,752 for the year (2021.. Deficit £5.853) As a Tesuli, net reserves now sthnd at £586,050 (2021: £596,802) Non fixed &qs¢t reserves a £65,418 {2021: £61,449) which equat¢ 10 8 months of COSLS ¢xcludin8 deprttiation (20217 months} All net r¢s¢rv¢s will now be transferred io ¢h•rity number.. SCO51896. South Bexh Baplim Church SCIO. Reserve The trustees have confirnied th81 in the eveni of the ¢hur¢h havin8 to c105e, there wll always E¢ mor¢ th enough in the asseis, chud building and manse of the chuh, cover any outstsnding debt. The funds in lh¢ bank are ih¢r¢ for the day (o day ruThnin8 of the ¢hurth. Inve tm and Perf 8nc In attordance with the consiiiuiion, th¢ trus¢5 have the power to invesi in such stock4 shares, inves¢ments and property as they see fit. in The ¢hurch does not give 8raThts, rather it will Bive'love 8ifts' ts and where the tnw¢¢s see a n¢ed. Th¢ trusiees have assessed the major risks to which th¢ Church is exposed in particular those related to the operation and finances of the church and are sati$fi¢d systems are in pl to mitigate our exposure to th¢ major risks. Our Senior P45tOT, R¢v. Don Curri¢. 15 fulty involv¢d in the life of the churdL tsking a le&1 ml¢ ift preaching and pas¢or&l work. and encouraging a ium appr in miny areas of church life. This post is paid at the rate of the Baptist Union of SCotld rccommendaiion plus Iirh. He ha5 al b0m¢ well established in chaplahtKy roles with a Irxal junior football team and ILKal stt0rtd schcy)l and is making s¢ron8 luJk5 ITh the ¢OllLmunity. The church has ffliploy¢d [loug$ Crnbb, a pth lim¢ (20 hours) A5XKWte Pastor. ld at the rate of the Baptis¢ Union of Scotland plus pro rnta. He is 1]Y involved in all &%pKts of ¢hurch life as well a5 in the community. The Leaderthip team now eight m¢mbers. two of whom continue theirwolk as members of the Scottish Baptist Lay Pr¢a¢hers AssociaiioTh. Devel¢)pmetLi WOTkContin1th the Leadetshi pastoraLthA l¢ad organisation teams. MaintenatKe of the property which is used by a laTg¢ numberof people thTou¥tht each week contlrtues. wtth a programme of Work heduled refibrbish the hall &Ld adjaceTht rooms. A range of ac¢ivities are run by the Chh for people of all a8e5. The'Little S¢ars' Itoddler5) Broup continues to 8row and is w¢ll ethblished on a Friday moming and enjoy5 a p051tive Tepvwion within I[ community.
sotrrH BEACII BAPTIST CHL1RCH REPORT OF TRUSTEES FOK THE YEAR ENDED 30 SEPTEIIBER2022 The church continues to hold ¢ommuniiN fun events Sh as the Fun da) during the summer. as w'¥ll •s a more SIBnifi¢ani and v¢ry successful pre5enc¢ at the Ardmssan Hi8hlAThJ 8am¢s. Thc churth olso SUPPQTts Christian musicitsns by providing a venue foi Concerts. The ¢hurch collAboYate5 with oih¢r chuTche5 in th¢ area to rwi ¢vents at Christsna5. $ter4nd for Ihc we¢k ofpray¢r for Chrisiian Unity. The church as part of its ktlief share coniirtues to fin8nci8lly Sup oth¢rcharities. In response lo the Coronavirw paThd¢mic and wbxqveThl Ictkdown4 ¢hurth mov¢d its Sunday scrviw to be available online. The services ¢onlinue lo t¢ onlir¢ as we now run a hyirid •ppvog¢h wh¢Ye peopl¢ both meet in lh¢ buildin8 and vieM' Ihe service live onlim. Future Dev A lic* Charily was re8istrred on l Au8USt 2022, Sthjth B¢a¢h Bapti>t ChuT¢h SCIO, Registr8lion number.. SC051896. The Tru$1¢¢3 hve agreed to wind up the exhsiin8 chrity regisintion nwnber. SCO21(6 itmi irnn5feriiile of Ill assets 2nd Iiiibililiis Rs ai 30 %cpiLiiIiK'r 2Q22 10 thi5 new TEBiStrIion.
SOUTFI BCACH BA wfiST CHURCH INDEPENDENT EX4MIN'ER'S REPORT TO TIIE TRUSTEES 0> SOUTH BEACH BAPTIST CHLRCH I rcpon on the IoniS of'ihe Charity for the year ended 30 Sepmber 2022 whith a sel out on pages 6 to 12. Res onsibi ilies of trust sand xaminer The iharit% s iruslees are resp)nssblc for the ppal ofthe accounts in ac¢ordanLY Wth th¢ temis of the Charities and TTU51ee InY&siment (Scotland) Aci 2005 and ihe Charilies Accounts (Scoiland} Regulations 2006. The charily trustees consid¢r that Ihe audii requiremeni ufRe¥ulaiion I7)181 to {e) ofihe Aw)unts R¢gulations docs not appl).. li is OUT resp)nsibilits' io e.xamine the accounts as r¢quired und¢r seciion 44(Illc) of ih¢ Aci and io stste whdheT particular miers have come 10 our all¢ntioTh. f inde llmi tem M). examinaiion is ¢•tTied out in accordance M'ith RegUl10n I l of the Charilics Accounts {Scoilandl Regulations 2006. An examination includes a rtvi¢iv of the 8ccounlbng records k¢pl by Ihe chArity and a compllrison of the a¢counts presented with those records. ]( also includes consideration olany unusual iiem5 or disclosurcs in thc accounis, and sttk5 explanations from the trustees concvming any such maiicrs. The procedure5 undertaken do noi provide the evidence ihai would b¢ required in an audit. and con5tyuenily we do noi express an audil opinion on the view given by the accouni$. Inde enie mine In the cours¢ of my ¢xamin?li(Trn, no matter hts come to my at*rttion which gives me Teasonable cause io believe thai in 8ny meieTi#l respea ihc requircmciits.. to keep aeeounting records in accord8n¢¢ wiih Seciion 44(IXa) of The 2C4)5 Act and Regulation 4 of the 2Crf16 Accounis Rcgulp1ior and to pr¢par¢ accounts which attord with the accouniing recoTri5 8nd comply wilh Regulaiion 8 of the 2006 AKounts R¢gulaiion5 have not bc¢n meL or to which. in my opinion. atteniion should be drawi ID order io erthle a Proper underSAding ofthe hartercd AcLvuJii¥iiI> 32u I lllmilion Street SaltLoais KA215DS Dale
SOUTH BEACH BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATG THE tNCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 SEFfEMBER 2022 G¢ll¢rnl Offerings Gift Aid OtYerinsJ DOr$10ns- oth 16J43 71.067 7ffi17 l6.343 71.067 7.647 95,490 2.517 95.490 2.517 I02.Q57 102.057 91.007 9B,007 Ministry Costs Running ¢osis 8nd mainieMrt¢¢ ofChur¢h 3lb) GovemEn¢e 31•} 57.314 35.336 20.155 57.311 )5 J36 20.155 58,905 25,798 19,157 23.798 I IU09 112A09 112,809 112.809 Op¢rniin$ sUTrI(der1¢1Il forth¢ye•r {10.7521 110.7321 15,8551 15.B531 N¢1 incornin8llout80in81 yesour¢ Before transfers 110.7521 110.7521 15.1531 15.8531 Fund trdnsftr N¢t movcmeni in fuAd5 fortht yetr 110.7521 110.7321 15.8531 G¢ntr41 fund lli l Octobcr2021 Endowmenl fund 36208 36208 560.594 41061 42.061 560.594 560J94 360.594 560.594 25,456 586,050 560.594 36208 596.802 All amounts late 10 conlinuing aciivities. All rcco&?nised gains and Iys5¢5 are included in the profil 2nd loss gccouni. The noies on pages 9 to 12 fom part of these financial statcm¢nt&
SoFI BEACH BAPTIST CHURCH BALANCE SIIEET AS AT 30 SEPTEMBER 21Y22 20 Tangible asset 520,632 535.353 UTrenl assets L'ash at bank and in hand Debtors 63234 3.128 62,675 diiors.. Amoun within one 0,362 62.675 1.226 Nei current 65,418 61.449 586,050 596,802 Unrestri¢ied fiJrtds- Reserve fund 586,050 596,802 These accounLS were apprnved by the boanl of trusttts on 12 December 2022 signed on their behalf by.. For ihe financi41 >'ear in quesiion the eornpany was eniiiled io exemwion under seciion 477 ofthe Companie$ Act 21K)6 relating (ts small compunies. No members have required the company lo ob¢ain an audit of accounts forthe year in que51ion in accordance with section 476 olthe Companies Aci 2(6. The directors ackn¢M¥lcdg¢ Ihcir rc5ponsibilily for complying with thc rryuirEments of the Aci with respect 10 occountin¥ records and for th¢ preparation of arcoynls. ese &Loun15 hav¢ been prepared in xcoydonce with the provisions alIcable companies SubJL 10 ihe %mall companies regirn¢. riived by the Bofird ofTnJslLxs Ibii "7 1 ibiii.lri IO"1 411111 %14TriiL(l lili IIiLir belialf Trusl¢c 27 F'ebruary 2023 The notes on g¢S 9 to 12 fonn part of the financial thtcments.
SOUTH BEACH BAPTIST CHURCH NOTES FORMtNG PART OF THE FANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accouniin Polici The principal accounling poli¢ies adoptrd, judgements and key sources of estimation uncertainty in the preparation of the financial $14iements are &$ follows: a) Basis of The financial sthtemenls have E¢¢n prepaTed in accordance with Accounting and Reporting by Charities: Statemeni of Recornmended PTaclice applicable io chariiies preporing iheir accounts in accordan¢¢ wilh the Financial RertIng Sthndard opplieablc in the UK and Republic of Ireland {FRS 102) (effedive l January 2015)- (Chariiies SORP {FRS 102), ¢he Financial Rew)rting Siandard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Aci 2006. b) Reconciliaii n with reviou Generall Ac led A¢counliTh In preparinbi lh¢ accounts. the t$S have considered ivheiher in applyin8 the ac¢ouniing rA)licies required by FRS 102 and the Ch8riiics SORP FRS 102 the re5thment of compgrh(ive items was required. No su¢h resthment required. Pre f ihe acc un The uncertain economic outlook ¢Jused by th¢ COVID 19 pandemi¢ is a significant area of rinan¢ial uncertainly. The Trus hav¢ r¢vi¢w¢d the current and forecasted futyr¢ posiiion of the chariiy, its cash flows and liquidity wsition and the potential impact on the Chariiy of a further lockdown and ¢on(inued reduced capaciiy. li is noi possible io liably estimate Ihe length or severiiy olih¢ pandemic. At Ihe da¢¢ of signing, the tru51ees gTe ¢onfident thai Ihe exis¢ing cash posiiion, 108etheT W'lih the measure5 implcmentcd by the UK and Scouish Governmeni. wll allow Sufficient headroom to meel the fore¢a5ted cash requirements The tn]$tees relnain in regulw nIdel with the sponsoring Iwal authority io secure Iheir on-8oin8 rinancial 5UPPOrt. Income 15 reco¥nised when the charity ha5 enlitlemeni to the (unds. any perfomiance conditions a¢ta¢hed io ¢he iiem(5) of income have be¢n m¢l, il is probable ihai the income ivill be ¢¢IVed and the gmount can be measur¢d reliably. Income from goverDm¢nl and oiher grants, Ivhether'capi¢al' grunts or'revenue, grants, is rccogni5¢d when ihe charity has eniitlemcnt (o ihe funds. any perfomianc¢ conditions aitached to the grants hav¢ been mcl. li is probable ihgl ihe income will rettived and the amouni Can be measured rcliably and is not d¢fcrred. Incomc receivcd in advarhce ora perfomiancc or provision of other specified service it is def¢rred until the criloria For income rQgnItiOn ar¢ m¢1.
SOUTH BEACH BAwf15T CHURCH NOTES FORMING PART OF THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accountin Policie5 e) In(eresi receivable Interest on funds held on dctM)sil is included when receivable and the amount can measured reliably by the charitv,. this is norn)ally upon Thoiificaiion of the inieresi paid or payable by the Bank. Fund accouniin Unrestricted fund5 are available lo spend on aciivities thai filrther ¥ny of th¢ pur)$¢1 of chgrity. Designated fund5 are unresiricled fund5 of ihe chariiy which ihe tru¢¢5 have d]ded ai their discretion to set aside to use for a specific purpose. Re51ricted fvnds are donation5 which the dortor has specsfied are to be solely used for parti¢ulJr greLs ofihe Tru,5 work or for specific projects being undenaken by the Tru. Expendiiure 1$ recognised once there is a legal or constn]¢live oblÉgaiion to make a pHymeni to a third party, il is PTobable thai 5¢tt1emeni will be required and lh¢ iinount of ihe obligation can be m¢asuTed reliably. Expendiiutt 1$ ¢ltssifi¢d und¢r the followin8 activity headings-. Expendiiure ¢)n ch3ritable tIvItIeS includes th¢ costs of perforn)ances, exhibitiOTh$ and oih¢r educational and other ¥¢tivi¢i¢s und¢rtak¢n futther the pur5¢5 of the chariiy iheir associa(ed support costs. Other expenditure represents those items falling any other heading. h) Trade and other debtors are recognised ai the sdilem¢nt amouni due after any trade discount off¢r¢d. Prepayments are valued the amounl prepaid nei of any trade discounis due. k) C85h ai bank and i Cash at bank and ¢8sh in hand includes cash and short m) highly liquid investments wilh & short maiurity of three month$ or less from the dat¢ of ¥cquisilion or opening of th¢ d¢p951t OT similar account. Creditors and rovision5 Creditors and provisions recognised where the choriiy has a presenl obligAlion resuliing from a past even¢ that will probably re5uli in ihe trnnsler offunds 10 a ihird part), and Ihe amouni due (o settle ihe obligoiion can be measured or estimalcd reliably. Credi(ors and provisions are nomially recognised at their s¢¢tlemenl gmounl after alloiving for any Irdde discounls due. m) Financial instnjments I'he Irusi only has financial &wts and financial liabililies of a kind thai qualify as basic financial insirnments. Basic financial instwmenls ar¢ iniiially recogThi5ed a(.tran5action value and siibsequcntly roeasurd at thcir seiil¢meni value iviih ihe exception ofbank loan5 which aTe sub5Lqucnily mca5ured at amortised cosl using Ihe effeclii'c inteTeSt method.
soifrH BEACH BAPTIST CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 10 reciation Depreciaiion is provided to write off the eost Itss estimated residual values of all fixd assets, over their expe¢¢ed useful lives. It is ¢alculaied on the original cost of the a55¢ts ai the following rJ¢es.' Equipmeni Fittings & Fumiture 15% per annum reducing bo18nC¢. Computer Property 33 113Vo per annum reducing bgi¥n¢¢. 2% per annum straight line 2 Gi rin 2021 Offerings Tax CTediis 57,928 20,139 81,921 13.569 78,067 95.490 sof furth ce 2021 a) Mini$try Siipend5 Pension ¢oniributions 48,187 9,131 55,794 57,318 58.905 b) Runni Insuran¢¢ Heat and Light Council Tax Mainienance, repairs etc Telephone Miscellaneous Cleanin¥ & Kitchen Supplies Training & Conferences Truvclling Mission Cos¢5 Ministry & Evenls Costs d mairtten ofchurc 1,796 3,236 2.370 6.461 630 1.878 409 1,412 899 13.133 3,112 3,936 3.026 2.317 2.912 593 682 32 669 535 9,407 1,496 35.336 25.798
SOUTH BEACH BAPTIST CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEwfEMBER 2022 3 Governance C 5ts Photocopier Postage & Stationary Actounianc>' and salary maintenance Depre¢iaiion Charges Fees, Licences and subscriwions ebsite & IT Costs Legal Fees (SCIO) 279 315 1,043 14.721 751 271 930 14.954 1,701 1.650 20.155 19.157 5 Tr lee, Trus(e¢s' remunerati in year was £Nil. Tru51ees received reimbursememt of out of pockel exp¢nses in the year of £5,698. Two Truste¢5 were paid in their roles as ministers In0 3a refers) Atco Balance at l October 2021 24.567 670,695 1.180 696.442 Balance al 30 September 2022 24.567 670,695 1,180 696,442 reciaiion Balance ai l October 2L121 Charged in iht year 15,860 1.306 144.050 13.414 1.179 161,089 14,721 Balance ai 30 September 2022 17,166 157,464 1.180 175.810 Net book value At 30 Sepiember 2022 7,401 513.231 520,632 A(30 SeptembeT 2021 8.707 526.645 535.353
SOUTH BEACH BAPTIST CHURCH NOTES FORMtNG PAIiT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 12 7 Debi 202 Prepaid Cosis 3,128 8 Creditors. Amou ts fal 20 Accruals PAY&NI 650 576 1,226 Openin8 balance at l O¢tober 2021 N¢t in¢omingl{OU¢going) resources 596.802 (10.7521 602,655 5,853 Balance ai 30 S¢ptembeT 2022 586,050 596,802 reSend Tangible fixcd 05sets Nei current assds 520.632 65.418 535.353 61,449 586.050 596.802 Thc Rcs¢Tve fund represents ihe unrestrici¢d funds which the Trus*es are f¢ to use in ordance with the charitable objeclives.