Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 _Scottish Charity No: SC021228_ ## **Calderwood Baptist Church** Trustees’ Report and Financial Statements _For the year ended 31 August 2024_ Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p **Contents** _for the year ended 31 August 2024_ ||Page| |---|---| |Report of the Trustees|1 – 5| |Independent Examiner’s Report|6| |Statement of Financial Activities|7| |Statement of Financial Position|8| |Notes to the Financial Statements|9 – 17| Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p ## **Report of the Trustees** _for the year ended 31 August 2024_ |CalderwoodBaptistChurch
**Report of the Trustees**_for the year ended 31 Augu_|_st 2024_| |---|---| |Charity registration number:|SC021228| |Trustees:|(Deacon)| ||(Pastor)| ||(Deacon)| |Principal address:|Maxwellton Road| ||Calderwood| ||East Kilbride| ||G74 3LW| |Independent examiner:|| ||Innes & Partners Limited| ||Chartered Certified Accountants| ||9 Ardross Street| ||Inverness| ||IV3 5NN| |Bankers:|Virgin Money| ||203 Main Street| ||Rutherglen| ||G73 2HG| Page 1 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p ## **Report of the Trustees** _for the year ended 31 August 2024_ The Trustees present their annual report and financial statements of the charity for the year ended 31 August 2024. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)and UK Generally Accepted Accounting Practice. ## **Trustees of the charity** The Trustees who have served during the year and since the year end were as follows: (Deacon) (Pastor) (Deacon) ## _**Appointment of Trustees**_ ## _Pastor_ He is the person who is called to serve the church as its full time Minister. He receives from the church a stipend in addition to a manse for his exclusive use (if required) along with such allowances as the church may from time to time agree. The basis of his appointment is contained in the Terms of Appointment dated 24 May 2003. He understood his statutory responsibilities as an Office Bearer in the church during the period in question. ## _Deacons_ Church members are nominated for appointment to this office in terms of the church Constitution. They are elected in accordance with procedure set down in a related Principles of Conduct. They are familiar with the church's values, aims and objectives as well as its day-to-day operations. The basis of their appointments is contained in the church's Constitution (clauses 11 and 12) and related Principles of Conduct (clause 2). They understood their statutory responsibilities as Office Bearers in the church during the period in question. ## _Key management personnel_ Given their roles as described above, the Trustees consider themselves along with the Deacons as the church's key management personnel, in charge of directing and controlling the church and overseeing its daily activities. No remuneration was paid to the Trustees or Deacons during the year. ## **Objectives and activities** The aim of the church is the advancement of the Christian faith, by all means consistent with the word of God, serving the communities we have opportunity to engage with including the relief of poverty or other social needs. The church is affiliated to the Baptist Union of Scotland. ## **Achievements and performance** Over this year, the trustees are thankful to God for our continued growth as a worshipping community, for the opportunities we have had to share the hope of the gospel with others, for the many ways in which the church is active in lovingly serving our community, and for the blessing of gospel partnerships with other churches and organisations. Our aim is to be a community that is ignited by a passion for God. Our values undergird who we are as God’s people and shape all that we do. As a church, we are: 1. a community of grace, 2. fuelled by prayer, 3. rooted in the word of God, 4. empowered by the Spirit, 5. making Christ known. Page 2 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p ## **Report of the Trustees** _for the year ended 31 August 2024_ ## **Prayer, Worship and Discipleship** The membership of Calderwood Baptist Church has grown to 134 members and has remained united and steadfast in faith. The number of people regularly worshipping at Calderwood Baptist Church on a Sunday has grown to 209 adults and 74 children and young people. We baptised 3 new believers with others going through the baptism preparation process. The discipleship of our members is supported by a midweek Equip gathering and the discipleship of our children and young people is supported by a thriving Sunday Club and Bible Class provision. Our focus has been on strengthening fellowship among believers by gathering together more often to eat and pray together. We have been seeking to build our member’s confidence in God’s Word and to equip them to read, study, share and teach God’s Word. Our partnership with The Word One to One has been a great blessing and continues to be a key resource for training and equipping our members to share their faith. This is resulting in more people reading the Bible with others and with people coming to faith as they explore the Bible for themselves. ## **Church Planting and Revitalisation** We are investing significantly in the church revitalisation work at Bellshill Baptist Church and we have appointed to serve as Pastor at Bellshill and to develop the ministry of the church in Bellshill. In the past year, some of our members have also now gone to Bellshill to support the ministry there and to encourage the church. We have been encouraged by the ministry that is taking place at Bellshill and for the growth that is taking place. We are also preparing to begin a partnership with Bute Baptist Church to assist them in revitalisation as they seek to establish good gospel foundations for the church and greater impact into their community. The trustees have been advancing our vision for church planting in East Kilbride and we have now identified a community and a building where a new church will be established. We are beginning to recruit a team and to plan for the development of this ministry. We continue to be blessed and encouraged by our membership of the West of Scotland Gospel Partnership. ## **Families** Our mid-week groups for children, young people and their families serve around 120 children and their families each week. In addition to the benefit that the children receive from taking part, these activities also provide support to their parents and carers through general friendship, care, and encouragement for those struggling with poor mental health, children with additional support needs, or other family difficulties. Our growing group of young people has enabled us to run our first Youth Weekend Away. We took 28 young people away for a weekend of activities and Bible teaching. This gave our young people an opportunity to grow in their faith and in their relationships with one another. Our partnership with the local primary and secondary schools through Chaplaincy provides educational input in religious, social and moral aspects of Curriculum for Excellence in addition to the provision of religious observance through regular assemblies and marking key Christian festivals. We were also able to provide practical support to families in our local community by covering the cost of school meals for all P6 and P7 pupils in three of our catchment primary schools. We have been able to invest in this work further through the appointment of a Schools Outreach Worker. We have also been able to develop our partnership with Kilbryde Hospice where one of our Pastors now serves within the chaplaincy team. This is providing the church with an opportunity to support this local charity and to provide assistance to patients and families facing end of life conditions and bereavement. We also ran a summer Holiday Club for 130 children where we were able to creatively share the gospel with them. Christmas and Easter also provide us with good opportunities to engage with families in our community. Our partnership with Scripture Union has also enabled us to support young people in discovering the Christian faith and we have been able to support young people to go on camps where they can enjoy time away from home with other young people and find out more about following Jesus. Page 3 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p ## **Report of the Trustees** _for the year ended 31 August 2024_ ## **Adults** Our community care ministry team continues to release volunteers to serve those in need in our community. The rising cost-of-living has placed increased demand and strain upon our Food Bank and community care team. However, despite this rise in demand, we have been able to ensure that this ministry is fully resourced and funded. We have been able to grow this ministry to include the provision of hot food and warm spaces. We support around 85 families a week from Calderwood with over 200 families receiving help throughout the town weekly. We have also been able to provide support to elderly members of the church and wider community through a ladies group, men's group, and support group for people with dementia. Hunter House continues to be a thriving hub in our community and has had a significantly positive impact on the lives of those who volunteer within the coffee shop. Under the leadership of our Community Outreach Worker, we have been able to provide a number of paid and voluntary training positions. A number of our volunteers and staff have gone on to different positive destinations in work or further education. While others have found a positive and encouraging community to volunteer within. This community hub provides a great connection point with the community and a valuable resource for community groups who require community space to run their activities. ## **Financial review** ## _Principal funding sources_ The principal funding source for the Church is donations by Trustees, communicant members and adherents, along with the associated Gift Aid. Some funding for the Restricted property fund has been provided by grant-making Trusts. ## _Financial results_ Per the Statement of Financial Activities on page 7, the church reported Net Expenditure (i.e. a deficit) for the year of £89,421 (2023: Surplus £21,007). As at 31 August 2024, the church had total funds of £578,648 (2023: £668,069), of which £451,812 (2023: £464,459) (77%) were represented by fixed assets. ## _Reserves Policy_ It is the policy of the church to maintain Unrestricted Funds, i.e. funds not committed or invested in fixed assets, at a level which equates to approximately three months of committed unrestricted expenditure and thereby maintain the church's ongoing work. Based on total expenditure of £218,883 (2023: £179,567) within the General Fund for the year ended 31 August 2024, the policy would require the church to have closing reserves at 31 August 2024 of approximately £54,000 (2023: £45,000). Per the Statement of Financial Activities on page 7, the General Fund balance at 31 August 2024 was £30,905 (2023: £42,552), which although below the above amount, was acceptable to the Trustees. ## **Grant making policy** The church makes grants from its tithed gift income to individuals and organisations that are generally known to the Trustees and the church. The beneficiaries are involved in activities or ministries compatible with the church's objectives. ## **Risk Management** The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** The charity is congregational in policy. Its day to day running is undertaken by the Pastor and Deacons, some of whom are Office Bearers and Trustees in terms of the church's Constitution. ## **Related parties** The church owns the shares of its trading subsidiary, Hunter House Trading Ltd, Scottish Company No. SC441464. The shares are described in Note 12 on page 15 which also contains information about the results of Hunter House Trading Ltd for the year ended 31 August 2024. Page 4 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p **Report of the Trustees** _for the year ended 31 August 2024_ ## **Trustees’ responsibilities** The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the church’s financial position and enable the Trustees to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Trustees are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 29th May 2025 and signed on their behalf by: _Trustee/Deacon_ Page 5 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p ## **Report of the Independent Examiner to the Trustees** _for the year ended 31 August 2024_ I report on the financial statements of the charity for the year ended 31 August 2024 which are set out on pages 7 to 17. ## **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’s Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) 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. 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 8 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: 29th May 2025 Page 6 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## **Calderwood Baptist Church** **Statement of Financial Activities** _for the year ended 31 August 2024_ |**Note**
**Income and endowments from:**
Donations and legacies
**2**
Charitable activities
**3**
Other
**4**
Investments
**5**
**Total income and endowments**
**Expenditure on:**
Charitable activities
**6**
**Total expenditure**
**Net (expenditure) / income**
**Transfers between funds**
**16**
**Net movement in funds**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**
**16**|**2024**
**General**
**Designated**
**Restricted**
**Total**
**fund**
**funds**
**funds**
**funds**
**£**
**£**
**£**
**£**
168,935
1
74,688
243,624
16,910
8,000
20,264
45,174
-
-
-
-
9,120
-
-
9,120
**194,965**
**8,001**
**94,952**
**297,918**
218,883
19,514
148,942
387,339
**218,883**
**19,514**
**148,942**
**387,339**
(23,918)
(11,513)
(53,990)
(89,421)
12,271
-
(12,271)
-
**(11,647)**
**(11,513)**
**(66,261)**
**(89,421)**
42,552
467,635
157,882
668,069
**30,905**
**456,122**
**91,621**
**578,648**|**2023**
**General**
**Designated**
**Restricted**
**Total**
**fund**
**funds**
**funds**
**funds**
**£**
**£**
**£**
**£**
171,165
-
99,294
270,459
26,591
-
34,072
60,663
18
-
-
18
9,060
-
43
9,103| |---|---|---| |||206,834
-
133,409
340,243| |||179,567
19,293
120,376
319,236| |||179,567
19,293
120,376
319,236| |||27,267
(19,293)
13,033
21,007
(2,911)
2,733
178
-| |||24,356
(16,560)
13,211
21,007
18,196
484,195
144,671
647,062| |||42,552
467,635
157,882
668,069| All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. The notes on pages 9 to 17 form part of these accounts Page 7 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## **Calderwood Baptist Church** **Statement of Financial Position** _as at 31 August 2024_ |**Liabilities**
**Note**
**Fixed assets**
Tangible assets
**11**
Investment properties
**13**
Investments
**14**
**Total fixed assets**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Total current assets**
Creditors falling due within one
year
**10**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the Charity**
General funds
Designated funds
Restricted funds
**Total Charity funds**
**16**|**General**
**fund**
**£**
-
-
100|**Designated**
**funds**
**£**
321,813
130,000
-|**Restricted**
**funds**
**£**
-
-
-|**2024**
**Total**
**funds**
**£**
321,813
130,000
100|**2023**
**Total**
**funds**
**£**
334,460
130,000
100| |---|---|---|---|---|---| ||**100**|**451,813**|**-**|**451,913**|464,560| ||32,690
4,689|-
4,309|1,261
90,360|33,951
99,358|30,026
187,476| ||**37,379**
6,574|**4,309**
-|**91,621**
-|**133,309**
6,574|217,502
13,993| ||**30,805**|**4,309**|**91,621**|**126,735**|203,509| ||**30,905**|**456,122**|**91,621**|**578,648**|668,069| ||**30,905**|**456,122**|**91,621**|**578,648**|668,069| ||30,905
-
-|-
456,122
-|-
-
91,621|30,905
456,122
91,621|42,552
467,635
157,882| ||**30,905**|**456,122**|**91,621**|**578,648**|668,069| The financial statements on pages 7 to 17 were approved by the Trustees on 29th May 2025 and signed on their behalf by: The notes on pages 9 to 17 form part of these accounts Page 8 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p ## **Notes to the Financial Statements** _for the year ended 31 August 2024_ ## **1. Accounting policies** ## _**Basis of preparation and assessment of going concern**_ Calderwood Baptist Church is a registered charity in Scotland. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are included in the Trustees’ report on pages 1 – 5. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)and UK Generally Accepted Accounting Practice. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The accounts are prepared on a going concern basis as the Trustees consider that there are no material uncertainties about the Church’s ability to continue as a going concern. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 as published on 2 February 2016 and does not prepare a Statement of Cash Flows. The Charity meets the definition of a public benefit entity under FRS 102. ## _**Fund structure**_ _Unrestricted funds_ are available for use at the discretion of Trustees in furtherance of the general objectives of the Church. _Designated funds_ are unrestricted funds earmarked by Trustees for particular purposes. _Restricted funds_ are subject to restrictions on their expenditure by the terms on which Trustees solicited donations or by restrictions imposed by the donor. ## _**Income recognition**_ All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees’ Annual Report. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Page 9 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p **Notes to the Financial Statements** _for the year ended 31 August 2024_ ## _**Expenditure recognition**_ All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: - Expenditure on charitable activities includes costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them; and - Other expenditure represents those items not falling into the categories above. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. ## _**Cash and cash equivalents**_ Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of twelve months or less from the date of acquisition or opening of the deposit or similar account. ## _**Tangible fixed assets**_ Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Land and Buildings 2% per annum straight line Fixtures, Fittings and Equipment 15% – 25% – 33% per annum straight line Motor Vehicles 25% per annum straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## _**Financial instruments**_ The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Financial Activities. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the charity would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Page 10 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## Calderwood Ba tist Church p ## **Notes to the Financial Statements** _for the year ended 31 August 2024_ ## _**Financial instruments (cont’d)**_ Financial assets are derecognised when the contractual rights to the cashflows from the asset expire, or when the charity has transferred substantially all the risks and rewards of ownership. Financial liabilities are derecognised only once the liability has been extinguished through discharge, cancellation or expiry. ## _**Debtors and creditors receivable / payable within one year**_ Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## _**Going concern**_ The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. ## _**Pensions**_ Employees of the charity are entitled to join a defined contribution pension scheme. The church’s contribution is restricted to the contributions disclosed in note 8. The costs of the defined contribution scheme are included within charitable expenditure. ## **Judgements in applying policies and key sources of estimation uncertainty** In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. The Trustees are satisfied that the accounting policies are appropriate and applied consistently. Key sources of estimation have been applied in determining the depreciation rates. Page 11 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## **Calderwood Baptist Church** **Notes to the Financial Statements** _for the year ended 31 August 2024_ |**2. Income from donations and legacies**
Open offerings
Gift Aid offerings and donations
Other donations
Gift Aid reclaimed
Hunter House Trading donation|
**General**
**fund**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**2024**
**Total**
**funds**
**£**
40,244
-
-
40,244
85,395
-
150
85,545
18,899
-
73,256
92,155
24,397
1
1,282
25,680
-
-
-
-
**168,935**
**1**
**74,688**
**243,624**|**General**
**fund**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**2023**
**Total**
**funds**
**£**
36,204
-
5
36,209
94,790
-
6,150
100,940
12,293
-
91,998
104,291
25,902
-
1,141
27,043
1,976
-
-
1,976| |---|---|---| |||**171,165**
**-**
**99,294**
**270,459**| |**3. Income from charitable activities**
**General**
**fund**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**2024**
**Total**
**funds**
**£**
Grants and ministry income
16,910
8,000
20,264
45,174
**16,910**
**8,000**
**20,264**
**45,174**
Grants and ministry income
Bellshill Baptist Church
Sychar Gospel
Rental and management income
Harvest Store
Youth
Church facilities
Ladies Fellowship
Toddlers
Mainly music
Puppets Crew
Investing in Communities
South Lanarkshire Council
Mrs Jingle
Other misc
**4. Other income**
**General**
**Designated**
**Restricted**
**2024**
**Total**
**fund**
**funds**
**funds**
**funds**
**£**
**£**
**£**
**£**
Other income
-
-
-
-
**-**
**-**
**-**
**-**
**5. Income from investments**
**General**
**fund**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**2024**
**Total**
**funds**
**£**
Rental income
8,848
-
-
8,848
Interest receivable
272
-
-
272
**9,120**
**-**
**-**
**9,120**|**General**
**fund**
**£**
**Designated**
**funds**
**£**
26,591
-|**Restricted**
**funds**
**£**
**2023**
**Total**
**funds**
**£**
34,072
60,663| |---|---|---| ||**26,591**
**-**|**34,072**
**60,663**| ||**General**
**Designated**
**fund**
**funds**
**£**
**£**
18
-|**2024**
**£**
**2023**
**£**
20,264
19,795
8,000
-
6,000
6,000
3,690
5,539
2,100
1,867
1,560
1,500
1,037
985
726
930
623
505
300
300
-
10,885
-
10,500
-
339
874
1,518| |||**45,174**
60,663| |||**Restricted**
**2023**
**Total**
**funds**
**funds**
**£**
**£**
-
18| ||**18**
**-**|**-**
**18**| ||**General**
**fund**
**£**
**Designated**
**funds**
**£**
9,000
-
60
-|**Restricted**
**funds**
**£**
**2023**
**Total**
**funds**
**£**
-
9,000
43
103| ||**9,060**
**-**|**43**
**9,103**| Page 12 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## **Calderwood Baptist Church** **Notes to the Financial Statements** _for the year ended 31 August 2024_ |**6. Analysis of expenditure on charitable**|**activities**|||**2024**||||**2023**| |---|---|---|---|---|---|---|---|---| ||**General**|**Designated**|**Restricted**|**Total**|**General**|**Designated**|**Restricted**|**Total**| ||**fund**|**funds**|**funds**|**funds**|**fund**|**funds**|**funds**|**funds**| ||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |**Charitable activities**||||||||| |Staff costs_(note 8)_|89,769|-|56,710|146,479|93,309|-|38,709|132,018| |Other staff costs|18,384|-|3,529|21,913|13,664|100|3,270|17,034| |General repairs and maintenance costs|8,720|-|-|8,720|4,559|-|-|4,559| |Heat and light costs|13,767|-|-|13,767|4,479|-|-|4,479| |Insurance costs|3,449|-|-|3,449|3,076|-|-|3,076| |Water rates|2,054|-|-|2,054|-|-|-|-| |Hospitality and catering costs|3,422|-|-|3,422|5,004|-|-|5,004| |Cleaning and consumables costs|5,207|-|-|5,207|2,293|-|-|2,293| |Training costs|1,127|6,867|-|7,994|1,631|2,978|-|4,609| |Administration costs|8,782|-|-|8,782|7,458|-|-|7,458| |Gifts and donations|6,963|-|1,000|7,963|5,293|-|486|5,779| |Mission Budget|1,985|-|-|1,985|-|-|-|-| |Equipment costs|1,046|-|-|1,046|807|-|2,155|2,962| |Book costs|487|-|-|487|526|-|-|526| |Interest and finance charges|-|-|-|-|1|-|-|1| |Families Ministry costs|2,534|-|-|2,534|3,254|-|-|3,254| |Mission expenses costs|9,033|-|-|9,033|6,139|-|3,777|9,916| |Adult discipleship costs|1,654|-|-|1,654|1,990|-|-|1,990| |Worship costs|2,239|-|-|2,239|3,398|-|-|3,398| |Youth costs|11,845|-|8,845|20,690|3,623|-|7,991|11,614| |Community Care costs|8,288|-|78,858|87,146|7,645|-|63,488|71,133| |Pastoral Care costs|6,662|-|-|6,662|1,405|-|500|1,905| |Governance costs|4,200|-|-|4,200|5,813|-|-|5,813| |Baptist Union of Scotland costs|4,700|-|-|4,700|4,200|-|-|4,200| |Legal and professional fees|2,566|-|-|2,566|-|-|-|-| |Depreciation|-|12,647|-|12,647|-|16,215|-|16,215| |**Total**|**218,883**|**19,514**|**148,942**|**387,339**|179,567|19,293|120,376|319,236| Support costs have not been separately identified as the trustees consider that there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified. |**7. Governance costs**
Independent examiners fee|**2024**
**2023**
**General**
**Designated**
**Restricted**
**Total**
**General**
**Designated**
**Restricted**
**Total**
**fund**
**funds**
**funds**
**funds**
**fund**
**funds**
**funds**
**funds**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
4,200
-
-
4,200
5,813
-
-
5,813| |---|---| ||**4,200**
**-**
**-**
**4,200**
5,813
-
-
5,813| |**Analysis of staff costs**
Wages and salaries
Social security costs
Employer's Pension contributions|**2024**
**Total**
**£**
**2023**
**Total**
**£**
135,675
122,479
5,754
4,875
5,050
4,664| |---|---| ||**146,479**
132,018| ## **8. Analysis of staff costs** The average number of employees during the year was 6 (2023: 5). No employee had employee benefits in excess of £60,000 (2023: nil). ## _**Defined contribution scheme**_ The charity operates a defined contribution pension plan for all its qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The amount recognised as an expense in the year was £5,050 (2023: £4,664). Page 13 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## **Calderwood Baptist Church** **Notes to the Financial Statements** _for the year ended 31 August 2024_ |**9. Debtors**||||**2024**||||**2023**| |---|---|---|---|---|---|---|---|---| ||**General**|**Designated**|**Restricted**|**Total**|**General**|**Designated**|**Restricted**|**Total**| ||**fund**|**funds**|**funds**|**funds**|**fund**|**funds**|**funds**|**funds**| ||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Trade debtors|391|-|-|391|740|-|-|740| |Amounts owed by subsidiary|3,325|-|-|3,325|-|-|-|-| |Other debtors|26,813|-|1,261|28,074|27,279|-|-|27,279| |Prepayments and accrued income|2,161|-|-|2,161|2,007|-|-|2,007| ||**32,690**|**-**|**1,261**|**33,951**|**30,026**|**-**|**-**|**30,026**| |**10. Creditors falling due within one**|**year**|||**2024**||||**2023**| ||**General**|**Designated**|**Restricted**|**Total**|**General**|**Designated**|**Restricted**|**Total**| ||**fund**|**funds**|**funds**|**funds**|**fund**|**funds**|**funds**|**funds**| ||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Other tax and social security|1,509|-|-|1,509|1,484|-|-|1,484| |Accruals and deferred income|4,200|-|-|4,200|5,569|-|-|5,569| |Amounts owed to subsidiary|-|-|-|-|5,024|-|-|5,024| |Other creditors|865|-|-|865|1,916|-|-|1,916| ||**6,574**|**-**|**-**|**6,574**|**13,993**|**-**|**-**|**13,993**| |**11. Tangible fixed assets**
**Cost / Valuation**
As at 1 September 2023
**As at 31 August 2024**
**Depreciation**
As at 1 September 2023
Charge for the year
**As at 31 August 2024**
**Net Book Value**
**As at 31 August 2024**
As at 31 August 2023
**Tangible fixed assets comparatives**
**Cost / Valuation**
As at 1 September 2022
Additions
**As at 31 August 2023**
**Depreciation**
As at 1 September 2022
Charge for the year
**As at 31 August 2023**
**Net Book Value**
**As at 31 August 2023**
As at 31 August 2022|**Land &**
**buildings**
**Fixtures,**
**fittings &**
**equipment**
**Motor**
**vehicles**
**Total**
**£**
**£**
**£**
**£**
394,765
41,219
10,000
445,984| |---|---| ||**394,765**
**41,219**
**10,000**
**445,984**| ||70,619
35,905
5,000
111,524
7,895
2,252
2,500
12,647| ||**78,514**
**38,157**
**7,500**
**124,171**| ||**316,251**
**3,062**
**2,500**
**321,813**| ||324,146
5,314
5,000
334,460| ||**Land &**
**Fixtures,**
**Motor**
**Total**
**buildings**
**fittings &**
**vehicles**
**£**
**equipment**
**£**
**£**
**£**
394,765
39,619
10,000
444,384
-
1,600
-
1,600| ||**394,765**
**41,219**
**10,000**
**445,984**| ||62,724
30,085
2,500
95,309
7,895
5,820
2,500
16,215| ||**70,619**
**35,905**
**5,000**
**111,524**| ||**324,146**
**5,314**
**5,000**
**334,460**| ||332,041
9,534
7,500
349,075| Page 14 Calderwood Baptist Church Note5 to the Finaurial Statemellt5foT theiEar 31 Augx%t 2024 12. Tr1JJ3qCtit)D¥lYitb ￿Ilterf irtie¥ TheaggregateTr-alue ofullconditiollal a￿at1{￿ls￿￿k bytheTrnstce5 d￿d￿Year￿N5 £8.820 ()023: £8.820). inng the veor, thefo1loH'￿gtruPJS￿eTho￿S rookplaceii71h reldidpllrnes.. nie CljiirLh rtetii.td reI)tal ulioille Ot £6.MO I'0"3.. £6.tyNJI trnijl ifs siibsidian.. HilliierHoii4e TTadult Lid. 13. InYeStmentPTw￿ffj 2024 FairNalu¢{nwkel valu¢) AI I Swtmber 2023 and 31 Au8usi ?024 130.(KXJ RepTe5ellts the T[￿ste¢S,￿aluafiOll0f theChu￿￿'SprIWYat 7 Glcll CatroL Ea5tKilbti&. Foirvolme (mt7rker wlme) At I S￿tember 20)3 alld 31 August 2024 At 31 August 2024 At 31 August 2023 l(M) i(K) 2024 2023 Inv¢stm¢nts in subsidi8n ore 17) i(M) i(M) 13. Analysisof NetAsset5AmoDg Funds 2024 Totsl nds runds funds Fi%ed Assets Current As£ets Curreni LiabilLties iu) 37.379 (0.£74) 45l.8l3 4.3( 451.913 133.309 16..$741 91.621 Ne¢ Assets as a131 ANgust 2024 iY5i50fNctA￿5A￿O￿Z Fwid5 Comp•rxliYt5 20LI Totsi fuDds runds fund5 Fixed Assets Current Assets Cuttent Liabihties i￿) 56.445 {13.993) 3.175 I57.882 217.50? 113.9931 NetAssets as at31 Aup5t202J Page 15 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## **Calderwood Baptist Church** **Notes to the Financial Statements** _for the year ended 31 August 2024_ |**16. Movement in funds**
**Restricted funds**
Bellshill Baptist Church fund
Building fund
First Wednesday fund
Food Bank fund
CBC Hardship fund
Mission fund
Church Plant Kirktonholme fund
**Unrestricted funds**
General
_Designated funds_
Designated Assets fund
Mission and projects fund
**Total funds**
**Movement in funds (cont'd)**
**Restricted funds**
Bellshill Baptist Church fund
Building fund
First Wednesday fund
Food Bank fund
CBC Hardship fund
Living Hope Baptist Church fund
Mission fund
Investing in Communities fund
**Unrestricted funds**
General
_Designated funds_
Designated Assets fund
Mission and projects fund
**Total funds**|**As at**
**01.09.23**
**£**
-
8,329
1,438
147,638
401
76
-|**Income**
**£**
20,264
944
-
64,017
8,727
-
1,000|**Expenditure**
**£**
(20,879)
-
(1,000)
(118,218)
(8,845)
-
-|**Transfers**
**£**
615
-
-
(12,810)
-
(76)
-|**As at**
**31.08.24**
**£**
-
9,273
438
80,627
283
-
1,000| |---|---|---|---|---|---| ||**157,882**|**94,952**|**(148,942)**|**(12,271)**|**91,621**| ||42,552
464,459
3,176|194,965
-
8,001|(218,883)
(12,647)
(6,867)|12,271
-
-|30,905
451,812
4,310| ||**510,187**|**202,966**|**(238,397)**|**12,271**|**487,027**| ||||||| ||**668,069**|**297,918**|**(387,339)**|**-**|**578,648**| ||**Balance**
**as at**
**01.09.22**
**£**
-
7,408
1,438
135,263
-
486
76
-|**Income**
**£**
19,795
921
-
100,024
8,892
-
-
3,777|**Expenditure**
**£**
(19,973)
-
-
(87,649)
(8,491)
(486)
-
(3,777)|**Transfers**
**£**
178
-
-
-
-
-
-
-|**Balance**
**as at**
**31.08.23**
**£**
-
8,329
1,438
147,638
401
-
76
-| ||**144,671**|**133,409**|**(120,376)**|**178**|**157,882**| ||18,196
477,941
6,254|206,834
-
-|(179,567)
(16,215)
(3,078)|(2,911)
2,733
-|42,552
464,459
3,176| ||**502,391**|**206,834**|**(198,860)**|**(178)**|**510,187**| ||||||| ||**647,062**|**340,243**|**(319,236)**|**-**|**668,069**| Page 16 Docusign Envelope ID: FBE5A216-0D21-4040-97DB-EC2C0AD11392 ## **Calderwood Baptist Church** **Notes to the Financial Statements** _for the year ended 31 August 2024_ ## **16. Fund purposes:** _Restricted funds:_ The _Bellshill Baptist Church fund_ represents funds received from Bellshill Baptist Ministry towards salary costs. The _Building fund_ represents gifts received specifically for the development and extension of the church's premises and facilities. The _First Wednesday fund_ represents funds given for the expressed use of the Wednesday ministry, which is a monthly evangelistic ministry based in Ealing, London and carried out by a member of our Preaching Team. The _Food Bank fund_ represents funds received to support the running of the food bank. A transfer was made during the year to 31 August 2024 of £12,810 to the General fund to cover overheads and operating costs of the foodbank. The _CBC Hardship fund_ represents funds donations received towards the hardship fund in the year. The underspend carries forward into the next financial year to be used. The _Living Hope Baptist Church fund_ represents funds paid by Living Hope Baptist Church, Bowling Green, Kentucky, USA for the expenses of mission teams visiting Calderwood Baptist Church. The _Missions fund_ represents funds received to support missionaries or other mission activity. The _Investing in Communities fund_ represents grant funding from the Scottish Government from the Investing in Communities Fund for the purpose of increasing capacity within poverty tackling initiatives. The _Church Plant Kirktonholme fund_ represents funds received to support the venture of a new church plant in East Kilbride and all relevant costs associated with this. ## _Unrestricted funds:_ The General fund represents all income and expenditure relating to the primary focus of the charity. The _Designated Assets fund_ represents the net book value of the charity's fixed assets less loans and the fair value of the church's investment property. The _Mission and Projects fund_ represents funds ring fenced by the Trustees to be used towards the cost of providing support to missionaries. ## **17. Subsidiaries** Details of the charity's subsidiary at 31 August 2024 are as follows: ||**Registered**|**Nature of**|**Class of Shares**||**% Held**||| |---|---|---|---|---|---|---|---| |**Name of undertaking**|**office**|**business**|**held**|**Direct**||**Indirect**|| |Hunter House Trading Ltd|Scotland|Unlicensed café|Ordinary||100||-| The investments in Note 14 relate to the holding of the entire share capital of Hunter House Trading Ltd which is a company incorporated in Scotland (No. SC441464). The Accounts of Hunter House Trading Ltd for the year ended 31 August 2024 reported an after tax loss of £8,921 (2023: after tax gain of £6,338) and a Net Liabilities of £6,554 (2023: - Net Assets of £1,787). The parent charity has confirmed it's support to the subsidiary company, by ensuring that the subsidiary company has sufficient working capital to continue operations for the forseeable future. Page 17