GLENROTHES 8APTisf CHURCH Charlty Numb•r: SC021232 GLENROThES BAPTIST CHURCH TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
GLENROTHES BAPTIST CHURCH CONTENTS Page Rèport of the TnJslee$ IndenOnt Exafninerfs R8POrt Statement of Finawal Acti*i¢i08 8alance Sheet Notss to th8 Financial Stalements 10-18
GLENROTHES BAPTIST CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021 Tha Trustggs presenl their annu81 repNI and ffinanual slatemonts of th8 charlty for y881 8ndèd 30 September 2021. The fin8nci81 staiemenls have been prepared in aco)rdance wth the aCCunts.ng pdici•s sèi out in 1 to thè accounts and comY with the Charits95 and Truslee Investment (Scotlandl Act 2005, the Chanlies Accovnts Iscoiyandl Regulalions ZIK)6 las amended) and Accounting and Reporting by Charftiès.. StatèrnBnt of R8commtt)dÈd Prdctice applkAtAe to charils preparing their accounts in accordance wilh the Flnaneial Repn9 Starwjard 8ppli¢able in the UK and Republlc of Ireland. 5tstus of Charlty and Gov•rnlng Document Glenrothe5 Baptist Church is esblished by Constitubon and is a rngist8rÈd S¢oltsh Charfty (No SCO212321. These Teports and accounls late lo this enlity. On 13 July 2021. Glenrothes Baptist Church Limited was incorporated undef thg Comp8n18s Act 2006 as a pr5vale company. limit by gvarantee ISrA)ttish Registration No. 7040131. Charitable ststU5 was approved by the Office tsf thè SrLtbsh Charity Regul8lor on 20 Jtjly 2021 ISC0511311. The was no financial activity through this company prKY to 30 Seplernr 2021. A5 indiraied vnder "Plans for the Future" Ipage 41, il is the intention to open new bank accounts for IIM'S entity and to mtsve all financlal Iransactions to Ihese as S( as possitrAe lthe rbew wJnts with Mrgin Mwi bocame oprntaI on 14 January 20221. Oblectlv•s and Actlwltl•s The aim of the church. whtch Is affilated io the Baptist UnK)n of slian, is to glorify through worship and wlness. induding th8 advancorrt of tha Christl8n faith primarily in the lown of Glenfolhes and also throughoui Scouand and the resl of the world by all means consisltsnt V1 Ihg teathings of the Wud of God (being the Scriptures of and New Teslannts commonly called Ihe Chr5$tian Bible) including worship. ministry, mission. prayer. wilness. e¢Jucation. comrnunity service, and the support of agencies and individuals and other ¢harital)le organi$8tKTh in christian mlssh)nary work and e relief of poverty tsr olher social needs. Revlew of our Achle¥8m•nl and P•rforman During the year. the church rret Tegularfy for worship and carri&J (xrt various activsiles In pursult of the above slatèd alms. Mwy ol the activiil95 ¢x)nlinued lo b8 affect&S by re3tFicl)ns due to the Covid-19 pandemi Ongoing Acttwties.. The usual wookty SsYfViC8S of w0h[p for Iho ministy of thè WINd of Goa. adminislr8tyon of the $8crarnents ol b81iever5' baptism las required). and the Lor¢J's Sup. wtr yay disrupted by the pandem¢ restricbons: Octob$r 2020 (Gontinulng M8fth 2020).. 8 wrbyning s8Ce was stTeam8d on the chuith's YOUTU th8nnel. 111112020- 2011212020.. Duè to Tèstnctions on th? number5 pemitted, hvo Thming seNces wern hdd in tre buildtng al 9..OOaffl ar 11..00am. with attendees ikjoking plac85 on the 'Church Centerf app. The sec4Jnd service was live-strèamed on YouTub8. 27112r2020- 211312021.. Relurn lo onlbne services onty. 2813r2021- 818r2021.. RlM to moming 58rvice5 In the bull¢Jing. Frn 151812021.. Normal $8rvices Te restsmed, w4th worship at 10:30am 8nd 6..OOprn. Reoisters of attendees were maintained for NHS T85t & Pffjtect- purposes. Corporate and indiwdual Prayer and Bible Stl continued. although affedéd by pandernic restrictions. Beh¥een January and Marth 2021. thè weekday YouTube osevotionals (comrnence(I during the first lOCkth in March 20201 were -0stablish0d.
GLENROTHES BAPTIST CHURCH TRUSTEES. REPORT ICONT114UEDI FOR THE YEAR ENDED 30 SEPTEMBER 2021 Revi•w of our Achl•vom•nt •nd P•rlornMne• lcont'd) Misslon in the community conlinuad as far as po¥¥lbb8 under th• ¥08 re8lrictions, thrt)ugh IrAining courses. including Christianity Explwed- youth actrvity.es in¢luding T&Jdler5' Club,. and meetings lor the èld•rfy. Practical assislance was given lo IIK)5e in need, for example through donations to the Food 8ank, and Ihe weekly disln"buts'on of pack8 of me81 and olheT products to needy familw Ithrough th8 gonerosity ol Alax Mitch811 Blttchers and the Greor lamilyl. The ministry ol the Bri¢Jge C¥fè conbnued as r8strSclions p8rmitted. and during t g¢hool sumfflor holidays ovor 3000 packed lunchès w•ro provtdod to It)cal children. The church prOvi(j fin8nri81 support lor Christian Th#ssionary through BMS Worfd Mission. S¢rlplufg UnionlGROW work In Ic¢al schc¥Jls. UCCF Iuniversities and Colleges Christion Fgllowshipl, p8rtluAarfy their Wtyk in Flfo and Tay$th, and other 09ències, and 3upportgd in¢Jtviduals gngage(J In mi$sion8ry work in th¥ UK and owerseas Iparticularfy anil his work Fiiend3hip Cèmp in Romonla and Amongst ralugaes on th8 aslarid ul Lesbosl. Support WAS also gwan to Messianic ministn"•s in 18rn81, 8nd to the HMJdon f8mdy worklng wlth GoC08 in USA. Signine&nt hIgh1h18. e¥enls. al d•v•lopm8nls indu¢l•d.. Mlnl•try of th• Word The mgin pulpll rnini$try tlvtyjghoul tm yoar wès a conts'nugtlon al ¢wsitions trom lh• Gospel ol L¢Jke un¢ar th8 theme ol "Fotlowlng Jo$vs'. During lh• summ•r lJulylAugu¥t 20211 Ihe mIni$ ¢oncentroted on the 'Lertèrs lo Ihe Chur¢h&s" in R8v8lalion 1-3. On 27 June 2021 the thufch's 651h Annivefsary was c4l•brated. th guasi Pfeacher Lead P8stor 0¢ R•deemer Fpll¢)wship Sn BJrtl$town, Kentucky. Bnd Executive DIiLLlur vl 20Schemey chuich F4anb"ryJ mini$ry in Sc4)tlana, pro8ching on G8latians 6.'11-18, oxhorting thg church nol b10so cOnrthn In Ihe cl Chrisl. N•w Eld•r a FonMr Pa( of chuTth, w8$ ele¢tod ts the Eldwshlp on 22 August 2021. Chlldr•n & yOh Work Plans were a98tn disrupt•d bocaus8 ol p•nd8mk. but sc¢ial madSa en8bled many ol the youth lo keep in iou¢N. The weekly lj008 prepared by lh8 Children a Youth Pastor and his wile for Sunday School pnd Nursory children condnued whil• seNces weye rnstrittod to onling. With 'soThal dIstsng. restrtcllons lffted, Iwo Holiday Bibl• Clubs were run ih August. In th• Church building and In Macedonia precSnct. Follon9 thls, the 'llluminatel- group for all Prim&ry-8g• ¢hlldren. and Ihe G8C Youth were Oble to regum& moellng in tha buildrMJ. At th8 Annual General Meeting in June 2021, it was aged to end the appolntrnenl ol tho Chlkjftn & Youth Pa5kn fot at l•asl ts¥o 1. Church pl•nUDg Under the superyision ol the Missions lunb"I his 0gparturB In March 20211. and wllh the help or th8 IMB 'Joumeymèn" Ilfom Octobev 20201. outreach work was continued in the Maceclonia pracincl of the iown. wilb 8 wew to evenlually plan(ir¥J a church ure. This indudod summer bartjtoues, a"Party in Ihe Park.. Sunday afterrTr Itball. arKI English language dasses. R•lo¢atloTh Very Ilffle work was possible during Ihe year, but Soma preparntiffis wwe mJe for installing the main kitchen un 2" fl)r.
GLENROTHES BAPTIST CHURCH TRUSTEES, REPORT ICONTINueDI FOR THE YEAR ENOED 30 SEPTEMBER 2021 R•vlew of our Achl•v•m•nt and P•rformanc• {¢onl'dl 8aptlim & m•mb•rhlp There weie hwo baplisffts on profes3K)n ol tsilh between October 2020 and September 2021, one of these being in the sea at Leven 8e8ch. Nine rw mernb8r5 Te 8dmitt8d during the financial year. Al 30 SeptemLw 2021. Chh rnembgrsfmp stood •t 16212020.. 1571. In t•rm of Fln•nu: Th8 General Fund 8uiJget lor 2020121 required Inco from offenng8 01 £2924 pei week 12019120.. £2933 per weakl. This largel was mel. the offerings achieving £30871week12019120'. £2604 per weekl. There w83 again an bncrease in the proportion ol offerings glven L&nder Glft Aid. to a reccKd 01 78%. The Genefal Fund budget for 2021122 has tsen set at £31611weak required from offerlngs. The monies h8kl In the Clyd88dale Bank aco>unts for thfj Retion Pro)t omounled lo E6254.34 Icunent account) and £2001.48 Isavlng5 attountl as at 30 Seplemb•r 2021. Fln•nclAI R•vb•w Prlnclpal •ourc•• of lundlng Th• churth rtrceivgs its prinripol funoing lrnm church an(1 attendees by way ol weekly offodn9$. gllt 8id don8lKsnJ, and 18x retum$ on thg totter. This wa8 dtsnjpted by the fact that the church W8$ not mo8ling in pèrson lor long p6rKxl$, bul many ople were #ncouraged 10 move their donatlons to bank slBndln9 0rt•rn. and tho l•vel ol glving was mointaln•d. •rrfl In fa¢1 ¢x¢•oded Ihtr In¢om• budgel. R•sult¥ lof th• y••r The Financial Slatemenls frr 01 ar• 881 wl on pag8 8 10 18. The Ststem?nl ol Flnancial Actiwlios on pag8 8 tvflocls ¥ d•fiol 01 £87,79012020.. £31,311 d•fidtl. Tho Incr9•8ed defidl on the year arose Ihrough writing off tho k>8n to G8C Brtdgg Lld of £22.500. and the upgr8da of £19,939. stst•mfrnt on The Trustees assess Ihe m8JN risks to whth the charity expos•d on an ong¢ing b8818 8nd hB¥e established proc8dufeS lo mibgale those that aro idenlifi•d as 8 rnsult ol thw re88. The koy rlsks and how Ihey are managed are as lollows". There is a risk that cngregatIOn and member numbgrn dtin0 and thofgfore don8llM8 dacllne. W¢0 number5 and don8lk>rt5 to f81151gnffjcanlly, the church would 8ceordlngly ¢ul its perations and. potenknally. employed Staff. Th•re is a risk Ihal lyndB arKI 45sels ol Ihe charity are 8pproprtat8d. Thi8 1$ mltigat•O by strong finance 2M wilh lovds ol of Outies, and controls and r8view8 In p18ce which Ihe Tnjslees belteve a slTong lor 8 charity of thLs slzg. There is a risk that eXnde mwhl exceed budget signifi¢anYy. Tho Trustees mlllgate thiB Sk wilh on*oing revlews of bLhJget agalnsl aclual irtome and exnditUre. Eath departmgnl Is h8adsd up by 8 $8para¢e TFustBe who has responslbility lof Ihe budget fof Ihalr own area. Budgels are conb"nually fovi8wod and UF4Jat8d by Ihe fjnan¢a 188m.
GLENROTHES 8APTIST CHURCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2021 R•vi•w ol our Aehl•v•m•ni •nd P•rtormanc• (¢onVdl R•8•ry•4 Poll¢y It is thè pollcy ol the chur( lo maintaln unreslricied lunds ai a level which equztss io approximately three month$. Ltnrestslcled e¥penditurè {curyenUy approx. £45.DC(11. This allows sufficient funds to enable the ongoing work of tho ¢hLtrch to be maintalnod. The Genefal Fund on pag8 8 ai 30 Sepiernbef 2021 amtyjnted to £66.S7412020'. £58.568). Totsi ieseryes. Including Wancos on resIn'C 4nd des&ted lunds affnted lo £865,637 12020: £9S3.4271. Plan¥ for th• Futur• These plans are dependent upon Progr of lh• coronavlrus ndrrIc, and the •xtent and sesS of govornnnl mgasuros lo mitigatÈl8llaviate Ihis. Hmver. thg olm5 for the year. in addltlon lo maint8inin9 8nd do¥&bping ex15tiW ministnes. are.. The renov¥b"on of the new chLTrr¢h pTrmises will be ¢tynpl•lod with ihe provtjion ol Iha main kitchen on th• 2N floor. and lh• Tèluibishment ol thg w981 StsiaY. The finances and •dmlnistr81Son ol the church ¥•iM be rved to thè new company {ye8 pag• 11 as quIcY as posslbl•. including the tting Ltp of new bank 8¢¢ounts. The possib+lily ol •fflploying a luU-bm¢ Oire MBn8ggr. CrIng both lh8 church •nd thè 8rfdge Calé wlll be $xplored. Church planting work in Iho Macedonia proe6ncl ol the town will bè ¢oniinued. The chufch I11 saok lo partner in this ¥th th8 Plll8r Notwork Scouand. and wlll inv85ti98le the po$$ibiliiy of ?rnploying a Church Planigr that area. Financing for Ihe e¥tend•d (#IraCl ol ltte Chlldr•n & Youth Pastor will b• rovsewgd and 8gr8•d bglor8 Augusl 2022, 18rng1., Opportuniti88 for mi88ional cowrntion Christ Chufth in Jgru$alom dIOr 8elt Imm•nu•l in Tel Aviv 7•bll expkxed. Struetur•, Gov•rn•n 4nd M•ng•m•Trt Glenrothes Baptist Church is establisl*d by Consthution ar#Y Is a r•glJter8d Scolb'8h Charfty INO. SC0212321. IBUI also page 1.1 Th• ¢hureh Is congregpitiial In Fdicy and Its dJy.ttrday Nnfilr LS a$non by Ihe OffK• Br¥I8 Ibelng the Deacon$ Ond Eldws l¥ll TrLSStèo81.' gee below). P88fors are inrJuOsd in th8 Eldorship. Naw Txu8t8e8 arn nomlnet8d I apFh)Nilmwl by th8 Elders lin thg ¢•sè ol Eldersl or Chu¢h Mèmbers Ibn the case ol Oeacon$l. Prfor to thelr apw'niment. new Tnssit•s would have serv8d Ihg Church for some lime ln various roles end would b• familiar thè Church's values, its #ims and objective5 a5 well as its daY.t¥Y OP8f?tions. As part or t1r inducIn programm•, nèw Tnjstees are requir•d lo und&rstand Iheir statu¢ory rnsponsiti1itSes. To bg 8ppoinled. TnMts¥S must et least 8 -thIrd8 m8jority of lhose voting 81 a meeb.ng of Chur¢h Mtrmbers. Much of the work of Me ¢hurch Is c8rri&d oul by vdunteers. In rtICular. the church'3 ministry to the •lderty is run entirely by volunie&r8. those lo children and youth pr10M1nantJY by volunteets, und•T Ihè guldance and supgrvi¥th of the Children & YoLrth Pastor. In 8ddiJon. volunleer5 largely provide for Ihe smooth TunniThJ ol Itt6 various meel>ng5 and activitie5 helo on the churth prnis¥S. such Bs hospitality Ith• provision of food and drinkl, set-up IE1n9 andlor removin9 chairs. preparing the b8Ptt51ry lor bapusms, et¢., AS n8c•ssaryl, running th8 systems. providing floial arrangements. staffing the ryè¢hè, etc.. etc. 01 the Trnstogs. Ihree ol ihe EklOfS 8nd all of the DeaGons serve voluntarily In these rol.
GLENROTHES BApmsf CHURCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEM8ER 2021 Rel•rence and Admlnistrativ• Informa Trustee5 and Offic# 8•arers The Office Bea15 who S¢fved durfng Ihe year and lo Ihe date ol Ihls pOrt were as foll.. Lead Pastor: Associat• Pastor: Chlldren & Youth P•stw. Admlnlstrator. Trn•surnr. EldersThrust8e5'. O•acon8rrrustses: Othgr porsonnel Mlsslons Montor,. (from K8nludKy. USAI continued to serv8 in thè fully extemally sUPPOrted position of r¥lissians Mentor on a 3-year f48r 2 IR•lwJious Work8rs1 vlsa, unb"I resyaning In hAarch 2021. He and his l#mily lum$¢I to th¢ United States on 14 M8r¢h 2021. Address Bankars Bank ol Scoyand. 9 F¥lkland Gats, Gl8nrothes. KY7 5LW Virgin Money IforTh*dy Clydesoale Bank PLC). 5 FaIjan Gate Glenrothes, KY7 5NS Independent Examlner Cunrwngham Grant Chartered Accltants. Unil Go The Granary 8usine53 Centre, . Cupar. Fifè. KY15 5YQ oa ua harlty Numbor SC021232
GLENROTHES 8APTIST CHURCH TRVSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2021 Trust•••' R••ponslbllltl•• In r•10 to th• Flnanclal St•l•m•nts The charlty trustèes are tesponsible for prepariThJ a twstees. annual report and finBncial st8lernent5 in orflance wtih applicablè law and Unit¢d Kingdom Aco)untsNJ SiarKlards {United ngdoM Generally A¢cèpt•d Accounbng Pr8eticol. The law appllc8ble to Charis in S¢olland rnquires th• ¢harity Iwsiees to pr•parn financial statements for each yoar whlch give a true and lair viow of the S10 of affair5 01 the charity and ol Ihg in¢omino r850urce$ 8nd application ol r8sour¢es ol thg ch8rfty for Ihal perlcé. In preparing the finan(#g1 stalem8nts th& iwsiees are r•quirod to.. Soloct 5uitsbkg aonng policies and th8n apply thwn conslstynuy.. Observe the moth(JJs anil principles In the applicable ch8rtll.es SORP: Make judgoments and estimatès that are reasonabl and prudent- SIBt• whether applicablè acLmting sland#rd$ havo been follty8d. subj•cl to any ma1 departure$ disclosed and extyoin8d In Ihe flnanci81 slatem8nts,' Prepam Ihe financial stswments on the golng concern bè¥1$ un¥ It Yi inappropriate tg prosum8 that the charfty wlll contlnue In bugn8ss. Th• iN8teeg •1• lor kwplrg praper •(%¢unting r•cord$ that disdo8• wlth reasonabl¢ accuracy bl any tim• the flnents•l position ol the ¢hg11ty 8nd enabkn thm to ensure that Ihg finAncA41 8tatements comply th the Ch8ribe8 an(J Twstee inv¢$b)wnt IScol$8ndl Acl 25, Ihe Charity A¢counts IS¢oiiBndl Regulations 2006 las amendtrdl, and the prow5nS ol the Tnjsl deed. They a 8150 respons1• for sBlegu8rdin9 the as88ts of th• charity èrKf 18king reuonable steps for t prevenlion •nd d8t•ctlon ol Iraud and oth•r irregu1arrtl. The trustees ar• f•$ponsIe for th• nwintenance and Inl•grity ol the ¢h8rity and fln8nciJl Inlomat4on Included on th* charity's websitè. L8glslalion in lh¢ United Kingdorn 9o¥eming the Pfeparabon and dlssemln8tion ol fln8nci81 s181omonts may difffjr from legislation in olherjurisdiction8. ru5 vei Dale.. IL
GLENROTHES 8ApnsT CHURCTrI
INDEPENDENT EXAMINER'S REpoKf TO THE TRVSTEES OF GLENROTHES BAPTIST CHURCH
I feport on the accounts ol the charlty lor the year endgd 30 Sept8mt)er 2021 4¥thlch are sel out on
pages 8 to 18.
RESPECTNE RESPONSIBILMES OF THE TRUSTEES AND THE EXAMINER
The charfty's iwstees ar& yesSIble lor prepwing the fina81 stalemenis In ac£onlanc8 the
terms of the Chartite5 and Trusiee invostrngnt IS¢oUand} Acl 2C(J5 and the Chadties Accounts
IS¢ollandl R•gulaUon$ 200614$ amendodl.
Thè Charity Ifu$t8es consid8r th81 the au
c oj •
GLENROTHES BApfsT UR BALANCE SHEET PT Total Funds 2020 Prfor Y88r 2020 Tangib ass•ts [91 680.810 731.873 URRE T AS Dobto B•nk and cash 1101 12,803 174,740 32.284 191.814 NT 187,543 224.098 IA TH C1110 2,718 2,544 NT 184,B27 221,554 1121 865,637 953.42T TH Ro81nCt incom• fvnd$ UnTr8trfcted I8 1131 1131 43,883 821.754 77.829 875,598 865.637 953.427 Atsort>v•J and laned on b•WI ol Trus1• TrusigelEltJer Treasurer Thè not&s on page 10 to 18 lomi part o1thèg• financad 8latern8nts
GLENROTHES 8APTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 A¢c¢iuniing Pollcl•¥ 1.1 8asl8 of pr•paration of Financial Stat8m•nts The ¢h8rity constitutes a public b8nefit enknty 8$ Ikfin8d by FRS 102. The financial statements have been preparèd in accordance with Accounting and Reporting by Charitiès". Slatement of Recommended practice applicat4t to charities preparing their artounts in accordance ¥wth the Financial Reporting Siandard aprAscable in the UK and Republic of Iland IFRS 102IICharitses SORP IFRS1021. the Finala1 ReportSng Stsndard applicable In tho UK and Republic ol Ireland IFRS 1021 and the Comp3nigs Act 2006. 1.2 Going Concern Thè nnancial StsteMtS have boen ppared the gotry vJn¢•m basis. Due to the ongoiro wortdw(de Covid-19 parAlnIC $ere restrietions have been placed on all organisations in UK. Al the time of approval of me financi81 ststements. tt 15 not possible lo estimate the full economic impaci of the pandemic on individual OrganatiOnS and the economy. 1.3 Funds Struclur• For the PUfPO$8 of thè StatemgM of financial Activib8s as shown on pag8 8. funds are defined a$ foll¢Ms-. UnmstricleLI fvnds comprise grants 8nd other inryJnE rwlv8d for the objects of the thurch without further sp)[led purpose ond wthich are available as gener81 fvndy. Designat&d funds Fapresent unwlrict&S funds t•knith hav8 eamwked by tho Trustees for particular purposes Restricted fvnds comprise In&)me which has been rn¢eiYed for the ¢)bje¢ts of the church and Specif for a Tpstricted purtrfjse ¥1ft thèse obiecls by donor. 1.4 Income R•eognStSon All income is fecognised thice Ihe charity has ent10enTht to the incom. there 15 SLthaent certalnty ol receipt and it Is probable Ihat the income will t>e fyceived. and Ihe 8mouni of income feceivable an b8 measured reliably. Debt0 are valld at wsl at Ihe eThJ and adjusle(I lor any amounts Considered lo bE unrecoverable. 1.5 Exp•ndltyr• R•gnItIOfi and ]rr•corabI9 VAT EXp&ndrtu. indudiThJ grants in the form ol support and gift5 10 individuals and charitat inslIlub"ons. is accounted for on an accfuals basis and has been dassth8d under heading5 that aggrggate all costs rdaled to the category. EXndItUrn indudes any VAT vthich canrK&t bè fully recoved. and is reported as part the expendlture to which it relales. Charilable expendilure ojrywses those wtsts incurd by thè chwity in the deliv of its activities and seFwces lof ils benefiaaries. It indudes bDth costs Ihal can b8 8llctaled diredy to such actsviti66 and those c0515 of an indirecl nalure necessary to suppofl them. Govemance costs indude those Ivrred in ihe governance of the charity and its assets and are primarfly associated with conslilutional and siabjlory Fpquir8ments. io
GLENROTHES 8APTIST CHURCH NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 SEPTEMBER 2021 1. Aceountlng Pollcl•s leontlnu•d) 1.6 Charitable Activities The expenditu on chaFitaNe actiwi5 irKaudes grants rnade. govemance costs and support costs as shown in the notos. 1.7 TangSbl• Flx•d A•s•ts aryd D•prncl•tk>n Heritable property as ststeij at C051. DeprecAation is provmlod at tho fc41ow7rva annual rates in order to lte off each asset over its estymated useful rwe.. LrN)g Loasehold Imwovements Land & Buildings Manse deposit Fixtures & Equipment over Ihg lrfe of the leasè 2% straigm line 0% 20% strdighl Irno 1.8 P8MI(na The L9ad Paslor partiopates in tha Non-Segrogat4d Arrangement In the D&finod Cclntribuilon Section ol Ihe Baptssl Pension Scheme admlnisternd by the Baptist Pènsion Twst Ltd. The Church also operales a d6fined contribution scherne wth B&CE for other staff mèmbers. The p8nslon charge represents the anvjunts payable by the company to tha fvnd in respoct ofthe yeaf. Related Party Transactlons and Twst•e•' Expen8 and R•muneratlon is a Trustee of Ihe Church and is employed as the Lead Pastor. Salary totalling E44,14812020. £43,348}. 1MbUr$$M9ftt of expernliture of £1.03012020: £1.34218nd manse costs of £2,71912020.. £2.8731 were paid tD him in hi5 Gapaoty as Lpad Pastvr. Is a TNst89 of thg Chuth and is arnploygd 8$ Associa(e Pastor. Salary lolalling £36.928 12020. £35.9921 and leimbursont of exwnditur8 of £3,25612020.' £2.9001 were paid 10 him In his capaoty as Asscoats Pastor. is a Twslee d the Churth and 15 efflployed a5 Children arKI Youth Pastor. Th15 posi Is part Time 150% pro-falal. Salary totalling £14.12612020." £13.76813nd reimbursement of expendilure of £O12020= £481 were pa to him in hls capacity as Childten and Youth Pastor. Expgnses 01 £4.39912020." £4.10TI were reimbuTred lo the other Tmslees. No othor Truslag received femunerats.on in thè year12020.' nill. Tnjstees made donations to the Church in the year totalling £38.400 {2020.. £40.5651. Gift Aid totslllng £9.60012020.' £10.14tl was claimed on these amwnts. Ouring the year a dedslon was mode to wrfte off the ol Ihe knan due from The GBC Bridge Ltd Ire9iStered nLsmber SC636975) of £22.500. a company controlled and run by petsple with dose associations thè chLTrfth 8s trust, employees or members. No other transactions were made with rdated partss during the yoar12020'. nill li
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ENRofHES BAPTI HURC NOTES TO TrIE FINANCIAL STATEMENTS R TrSEY NOED 30 SEPTEM 2021 2020 Stsff costs 8nd numbers Gross salaries En7ployer5 Nl Empttyefs nSIOn 102.722 5.918 5,519 103,036 5.818 5,403 114,159 114,257 Note 2 provides fvrthgr dgtails in rethtion to salary 8n(t p8nsJn costs. Total 2021 Number Total 2020 Numbèr Mlnlstertal No employee had bonefils in 8XCtss of w,fLM)1tr20- NAI. 181 IrOepnd8nt examinBfS ffjnumw Tho independent examiners r8mun8ratw)n ¥nK>unts to a fee of £1,08012020.. £9601 14
NROTHES BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR NDE 30S 191 Tangible fixed a58èts Office Equlpment Bulhdir¢gs Total At 30 Septemb8r 2020 761.130 146.644 907,774 Addrtions 2.026 2.026 At 30 Septembw 2021 761.130 148.670 909,800 At 30 Septernber 2020 79.340 96,561 175,SKJ1 Charge forthe ygar 23.369 29.720 53.089 AI 30 Sgplernb8r 2021 102.709 126,281 228.990 N81B kv Al 30 S8plemter 2021 658.421 22.389 880,B10 At 30 September 2020 681,790 50.083 731.873 BuildiThJ5 Equiprnenl Total At 30 Septernb8r 2019 Addthons 740,303 20.827 130,810 15,834 871,113 36,661 AI 30 Seplember 2020 761.130 146,644 7,774 atio At 30 Sèptemter 2019 Ch8rg8 lor th8 55.971 23.369 67,232 29,329 123,203 52,698 At 30 Sapt8mb¢r 2020 79,340 96.561 175,901 Not Bo)k Value At 30 Septembof 2020 681,790 $0,083 731,873 At 30 S8Ptembef 2019 684.332 63.578 747.910 15
NR PTIST CH NOTES TO TrIE FINANCIAL STATEMENTS PT 2021 2020 1101 Debtor¥ Prttpaymonts Gift Jid reclaim Loan io The GBG Brfdge Limited 1.182 11.621 2,833 6,951 22.500 12.803 32,284 1111 Cury•¢t laNlng du• *4lhin on• y•w AL%rualg 2.716 2.$44 G8n8rn1 Funds 08ssgnp¢8 Funds Resthct8d Funds Tolal Funds 1121 Anotysls ol not 8s8•ts 680.810 74.370 680.810 187,543 12.7181 Curront a88e Current li8bill¥es 69.290 (2,7161 43.883 As at 30 September 2021 86.S74 7S5,180 43.883 865,637 Fixed as8018 Currenl assets Curr•nt l+•bllltle8 731.873 85,157 731,873 224,09B 12.S44 61,112 12.5441 77.829 A8 at 30 S•ptember 2020 58.568 817.030 77,829 953,427 16
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EN HU NOTES TO THE FINANCIAL STATEMENTS NDED 3 PT M8 1131 VeMen¢ In fvnd3 Iconilnl] Purp)s88 of R8stslctsd ltsn¢ts The BMS fvnd rnpra6onts lunds rncefvgd ftYrt1 8UPlXIrt ol thg Baptist Mis8ionary ety The Mlsslon fund represents Inwme received lor the supp)rt of lo gnd tsvèwas misslons The Mi88ionary Support fund rwre88nt$ Irscome fartyed lor th• SUPPOrt ol kncal and ovrseas missiwarie#. The ThJnk8 Giving annfvsary fvnd f•prtIen Income r8C8i¥thJ towartls waste and w•ief charyes. The Relocation fund incom• verS the c05t ol 0¢1n9 Irom the (Ad thur¢h to th8 one. Th? Mlsslons Mgntor fund reprBs&nts Income rothved for the lunding ol Ihe MIs8bns M?nlor, Purposes of De$ignal¢d Funds The AS11 lund •ncompa¥89s Ihè book valu• ol th• fixed a55ats ld by tho church The Leg8w fund rreSents tunds 0aMrked for the Chiklrèn & Youth Pasior remuneratson Jo8oph l¢md rePTrnts luDdB eanna•d As 1nsurarKx p)IW •gairnl Ihg t•rnw of t108&e Purpos•8 ol Unre¥lrf&•tt lund8 The fuThl encows•g5 al Incom and exp0ndr• vd8ts.ng 10 the pilmary lopjj JcUvi16•s ol Ihe chonty. oth•r Ihgn tho8• fundiwls d•soIed 2021 2020 1141 Oon#Uon• S¢>xtsih 8apb.sl Fund Loan to th¥ G8C Bndg• Llmited rritt•n off 5,424 22.SfN) 5,508 27,924 5.508 18