Scottish Charity Number.. SC02750J Culloden Baptist Church Annual Report and Financial Statements for the year ended 31 March 2023 |+P Innes & Partners Chorter@d Certifiqd ACCrtants
Culloden Baptist Church Contents Page Reporr of the TTUStees Repon of the Independent Examiner Siaiemenl of Financial Activities Balance Sheet Notes lo the Financial Statement
Culloden Baptist Church Report of the Trustees for the year ended 31 March 2023 The trustees present their annual report and financral statements of the chariiy for the year ended J I March 202J. Th¢ financial statem¢nis have been prepared in ac¢ordall¢e wilh the accounting policies 5¢t out in note I lo th¢ a¢¢ounls and comply with the Charities and Trustee Investment (Scoiland) Act 2005. the Charities Accounts (Scotland) Regulations 2006 las aTnended) and Accounting and R¢porting by ChaTlties'. Siat¢Tnent of Recommended Practice PApplicable to charities preparing their accounts in accordance with the Financial Reporting Standard oppli¢abl¢ in the UK and Republic of Ireland {FRS 102) {etrectiv¢ l Januai'y 2019). ObJe¢tive% Ind A¢tlvlties The main objective of the church is.. The advancement of the Christian Faith, primarily in Inwemess and also throughout Scotland and the rest of the World by all means consistent with the leachings of ihe Chri51ian Bible, including worship, minisii'y, mission, pray¢r, wiin¢ss, education, community service and the support of agencies and indiwiduals and other ¢hariiabl¢ organisations involved in Christian Missionary work and ihe relief of poverty or other social needs. The expression "charitable purpose" shall mean a charitable purpose under section 7 of the Charities and Trustees Investment IS¢otland) Act 2005 ("Ih¢ Act"} which is also regarded a5 a charitable purpos¢ in relation to the application ofthe Taxes Act5 and shall not be aliered wiihoui the prior consent of the Office of the Scottish Charity Regulator. The church's ministries involved in focusing on this objective are'.- Public worship and Bible Teaching Crèche,. Sunday S¢hool, Bibl¢-¢lass and Youth Fellowship aciivities Summer Holiday Children's Club Weekly youth Club Weekly prayer meetings Fellowship-Groups Small Group Bible-5tudy Community Carol Singing Weekly cafés for mothers Elnd ioddlers Monthly Evergreen5 0Up for senior ¢itizen5 Active 5UPPOrt of mission aciivilies in the UK and Abroad Various other activitie5 which help u5 engage with our local comTnunily Grnnt Maklng PolScy Thc chUh mak¢s grants from its income to individua15 and OTganisations that are generally known to the Trustees and the church. The beneficiaries are involved in activities or ministries compatible with the church's objectives. Revlew of our Aehlevement #nd Performance From April 2022, w¢ ¢autiously but steadily reintroduced in-person ti¥ll]eS as we etnerged from the COVID-19 pandemi¢. In additiorl to re-¢stablishing a full programme of services and activities, we saw a substantial increase in community use and lets of our building> the lattcr coming from a wide rang¢ of extemal organisations. We s&w a strong growth in the numb¢rs attending our main church services and all other as50¢iated aclivitie5. Page I
Culloden Baptist Church Report of the Trustees for the year ended 31 March 2023 Review of our Achlevetnent and Performance (rontinued) The Scottish Charity Regulatory {OSCRI foi'mally approved our transfer to a Scottish Charitable Incorporated Organisation (SCIOI. efYectiv¢ from ) I. May 2022, with a slighi ehange ro our name. "Culloden-Balloch Baptist Church.. The full legal proce55 and the opening of bank accounts for the SCIO have still to be C0cluded. Given the d¢mand on our buildin& th¢ church mad¢ an a¢iive commitment to explore the dewelopment of the first floor of OUT premises. The church Continued to give prayer and financial support to a nurnber of UK and world-wide mission organisations and projects. Financial Revlew Th¢ Truslces are pleased to port that there w2s an overall surplus for ihc year of £67.001 {2022: £38,565). General Funds ai 31 March 202J were £50.008 (2022.. £31,628) and the Building Fund stood At £53.245 (2022.. £72.i46). An analysis of fund movements'can be sttn in noie 12 of ihe accounts, and on th¢ Statement of Financial Activiiies on page 7. The level of givin8 to the Genernl Fund increased to £169,411 {2022.' increased to £134,736) and our overall expenditure increased to £178.92912022: increased fo £159,54i). The Trustees are pleased to acknowledge iwo grants received from The Highland Council during the financial year. £2,200 was re¢eiv¢d in Novcmber 2022 and fully used for the pUoSe of buying new %ports equipinent for our Youth Club which is predominantly attended by young 0P1¢ froTn across our local communiry. A second grant of £7,741 was received in January 202J. which allow us to run a w¢¢kly 'WaTm Space, community hub. in response to the ¢n¢rgy and Cosi-of-living ¢risis. In addition to opening the church building to allow the community to use our facilities. an evening meal was provided frtt-of•charge as well as having refreshments available throughout. This service was well received by a wide representation from our local coinmunity when it commenced in January 202J and will be continued through to May 2023. Rl$k M4n*gement Thc Trustees have a risk Tnanagement strategy which ¢ompri$es: An anniial review ofihe risks that ihe church may face,. The establishment of sy5tem5 and procedures to mitigate those risks. and The implementation of procedur¢s designed io minimise any potential impact on the church should those risks materialise. Particular attention has focussed on nork-finan¢ial risks arising from fire, health and safety, food hygiene and ministry to children and vulnerable people. A key element in th¢ management of financial risk is the Setting of an annu&l budget which covers projected in¢ome, and all areas of ministry expenditure. This budget [5 rnonitorcd against actual income and expenditure, and is r¢viewed by the Elders and Deacons on a regular basis. Reserves Polify The Trustees regularly review ihe amount held in reserves, and they are confident that ther¢ a sufficient fund5 available in order to meet the current nerds of th¢ chuwh. However, the ¢hur¢h 15 dependent on the level of gift5 and donations being maintained. Reserves held ai J l March 2023 are above the recommended level of approximately I month's unrestricted expenditure. Page 2
Culloden Baptist Church Report of the Trustees for the year ended 31 March 2023 Plgn$ for the Futsre Our focus for the year ahead will be the continuing development of our church ministry and activities by the extension of our ministry team and support staff hours of work. The Elders will share their vision for the church over the next seven year5 and we plan to actively progress with the development of ihe rirst floor of our building. Having been with us for ten years, our Pastor will take a Sabbarical during the summer of 202J. We also plan io take a team of our young People from our YF on a tiip to Romania whi¢h 15 being organised by Blyth5wood. During 2023-24 we will complde the process of transferring our assets to the new SCIO befojr windin8 down the old church unincorporaied voluniary ass(Kiation Charity. Structure, Governance and Management ovemi ents Culloden Baptist Church wa5 constituted on 18 August 1996 and was recognised as a charity on 10 February 1998. The church is affili&i¢d to the Baptist Union of ScotlRnd. Because of ¢hangved circum5tance5. it was decided that the former consiitution was out of date. Consequently. a new constitution w&$ fomierly adopted by the church on 26 February 2014. As W of the establishment of th¢ SCIO a new Constitution was agreed by church memtrtrs on 29 September 2021 and approved by the Office of the Scottish Charity Regulator oll 26 January 2022. The new SCIO. Culloden-Balloch Baptist Church {SC051546) has been set up to replace Cullod¢n Baptist Church (SC027503). The transfer of Assets and Liabiliiies from Culloden Baptist ChuTch io Culloden-Balloch Baptist Church will k ¢ompl¢ted nexl year. After this Culloden Baptist Church will be fully wound up. The management of the church 15 oveJ%een by the pastor. elders and deacons. The proce55 for electing elders and deacons 1$ set oui in th¢ C(Trnslitulion and Chur¢h Pro¢¢dur¢s. The Trustees of the church are the Elders and Deacons. Elders are elected to serve for five year& and deacons are elected to serve for three years- after which time, Ihey must re-elected. anisalional SirLiclure Sunday mornillg worship takes place every Sunday with evening worship nonT]ally tsking pl¢ on the rirst Sunday of each month. The Elders Tneet on a regular basis. in order to Teview the spiritual life of the church. and to deal with any other is5ue5 affecting the church fellowship. The Diaconate is usually chaired by the Pastor or the Secretary. It also meets on a regular basis, usually monthly, in order lo deal with any practical and financial matters. The treasurer gives monthly financial updates. Forrnal Business Mcetings are held every four months in January. May and September, wiih a separat¢ AGM being h¢ld in September. Report5 are given regarding all aspects of church life, and recommendation5 fiom the Diaconare will be presented for consideration by the church meeting. Non-members and adherents are &ble to participate in all church meetings. including business meetings. However. only church member5 ar¢ rnlitted to vote at these meetings. Page 3
Culloden Baptist Church Report of the Trustees for the year ended 31 March 2023 Reference and Admini5trntive Infvi'matitsn Ofjice Bearers.. Elders.. Deacons.. Address.. Wellside Road Balloch Inverness IV2 7GS Charity Number.. SCO?7503 Indepertdent E¥amiKer.' Inne5 & Partners Lirnited Chartered Certified Accountants 9 Ardross Street Inverness IV3 5NN Bankers.. Clydesdale Bank pl¢ 15 Academy Streel Inverness IVI IJN Page 4
Culloden Baptist Church Report of the Trustees for the year ended 31 March 2023 Trusttes, ResponsibllltSes in relation to the Fin#n¢ial Ststements The charity trustees arc r¢sponsible for preparing a trustees, annual report and financial statements in a¢eordance with applicable law and United Kingdom Accounting Standard5 {United Kingdom Genet711y Accepled Accounting Practice). The law applicable to charities in S¢otland requires the ¢harity truste¢s io prepar¢ financial statements for each year whi¢h giv¢ a Irue and fair view of the sthte of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements. the trustees are required io.. Select Suitablc accounting )liCitS and then apply them consistently> observ¢ thc mclhods and principles in the applicable Charities SORP. make judgements and esrimaies thai are reasonable and prudent: state wh¢ih¢r applicable accounting standards have been followed, subject to any material departures di5clos¢d and explained in the finan¢ial statements- prepaTe ihe financial statement5 on the going concern trASi5 unless It is inappropriate to presum¢ that the charity will ntinUe in business. The irustees are responsible for keeping proper accounling records that disclose with reasonable 8¢curacy at any time thc financial position of the charity and to enable them to ensure that the financial statem¢ntS ¢OTnply with the Charities and Trustee Inve51ment {Seoiland) Act 2(KJ5, the Charity Accounts (Scotland) Regulations 2006 (as am¢nded), and ihe provision5 of th¢ Trust d¢¢d. They are also responsible for safeguarding the assels of th¢ Charity and taking reasonable steps for the prevention and detection of fraud and other irr¢gularilies. r()vÈtl hv the triJ4tpv.4 nn 2023 and signed on their behalf by: Page 5
Culloden BaptlSt Church Report of Ihe Independent Examiner for the year ended 31 March 2023 I report on the accounts of ihe charity for the year ended i l Mawh 202) which are Set out on pages 7 to 16. Respective responsibilities of trustees and examiner. The charity's trustees are reswnsible for the preparation of the accounts in a¢¢ordance with the tenns of the Charities and Trustee Investment (Scoiland) Act 2005 and the Charities A¢¢ounts (Scotland) Regulaiions 2006 las amended). Th¢ charily's rrusiees consider that the audit requircm¢nt of RegUl1n l 01 l } la) to Ic) of ihe Accounts Re8ulations does not apply. It bs my responsibiliiy to examine ihe accounis as Tequired under section 4411) Icl of the Act and to state whether particular matter5 have come lo rny attention. Basis of Independent examlner's 9tstemenl. My examination is Caled out in accordance with Regulation I l of the Charities A¢¢ounts {Scotland) Regulations 2006. An examination in¢lud¢s a review of the accouniing records kept by the ¢harity and a comparison of the accounts presented with thos¢ re¢ords. It ttlso includes consideration of any unusual items or diselosures in the accounts, and seeks explanations from the trustees concerning any such matt¢rs. The procedures undcrtaken do not provide all the evidcnce that would be required in an audit, aiid consequently I do not express an audit opinion on the view given in the account5. Independ¢nt exmin¢r'g $ttement. In ihe Course of my examination, no matter has come to my atteniion: whi¢h gives me reasonable cause to klieve that in any TnerIal resr¢ct the requ1Ments.. to k¢ep accounting r¢¢ords in a¢¢ordance wilh section 44{1) (a) of the 2005 Act and Regulation 4 of the 2006 Account5 Regulations185 amendcd) and to prepare accounts which accord with the accounting records and comply with Regulation of the 2006 Accounts R¢gulations {as amended} have not been met. or 2. to which. in my opinion. Attention should be drawn in order lo enable a proper under5tandin8 of the accounts to be reached. Innes & Partnets Limited Chart¢red Certified Accountants 9 Ardros5 Street Inverness Date.. ... Page 6 l+P Innes & Partners Chartered CertlftEd Accountants
Culloden Baptist Church Statement of Financial Activities for the year ended 31 March 2023 Total Funds 2023 Total Funds 2022 Note Unrestri¢led Funds Restricted Funds Income DonatlOTIS And Legacies Charitable Activities Investments 128,497 40,914 76,037 204.5)4 40,914 482 190.481 7,565 62 482 Tothl Income 169,411 76,519 245 930 198.108 Expenditure Charitable Activities 158,661 20,268 178,929 159,543 Totsl Expenditure 158.661 20,268 17&929 159,543 Net Income/(expenditure) before gglns1(Ios8es) on Investments 10.750 56,251 (70,529) (14,2781 (14,2781 67,001 38,565 Transfers between fynds 12 70.529 81.279 67.001 38,565 Ntt Movernent ITh Fund$ 81,279 67,001 38,565 Reeonelllation of Fundg Totsl Fund$ Brought Forward Total Funds Carrled Forward 70J,209 72,346 775,555 736,990 775J55 784,488 58,068 842,550 Page 7
Culloden Baptist Church Balance Sheet as at 31 March 2023 Total Funds 2023 Total Funds 2022 Note Unre5trlcted Funds Restrictsd Flxed Asset5 Tangible assets Total Flxed Assets I,J5J,650 1,35i,650 1.376,301 lJ76JOI l J53,650 53,650 Current Assets Debtor5 Cash at Bank and in Hand 7,307 44,375 7,846 101.904 3,205 102,107 57,529 58,068 Total Current Assets 51,082 109,750 105J12 Llablllties Creditors falling due within one year Net Current Assetsl(Llabilitie5) 10 92,486 92,486 17,264 102,150 {40304) 58,1168 3,162 TotAI Assets less Current Llgbllltles lJ12,846 58,1168 IJ70,914 la79,463 Creditors falling due after more than one year Net Awt$ io 528,358 784,488 528,358 842,55fj 603,908 58,068 775,555 The Fund$ of the Chirlty Restricted Income Fun(ts Unrestri¢l¢d Funds 58,068 58.068 784,488 842.556 72,346 703,209 77S555 784.488 Total Charity Fund5 12 784,488 58.068 The notes on pages 9 10 16 form part of th¢$¢ 1¢ The accounts were approved by the trustees on 2023 and signed on their behalf by.. Trusige/Treasurer Page 8
Culloden Baptist Church Notes to the Financial Statements for the year ended 31 March 2023 A¢eounting Policies )cir¢iiif)ii uiidA.Is ssm >ir Gviii Concern The financial statcments have been prepared in accordance with Accounting and Reptsrting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with rhe Financial Reporting StandaTd applicablc in the UK and R¢publi¢ 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. the Charities AccoLints (Scotland) Rcgulation5 20(b (as am¢ndcd), and UK Gcn¢rally Ac¢cpied A¢counling Practice. The financial statements have been pRpared under the historical cost convention with ilems recognised at cost ortransaction value unles5 Otherwise stated in the relevant notes to these financial 5talement5. The charity ¢onsti¢ute5 a public benefit entity a5 defined by FRS 102. Funds Sin46iure Unrestricted funds ¢Jn b¢ iised for any PUTP05e which meets the objective5 of the Church. Within this ¢al¢gory the Trustees may designate fund5 for sp¢¢ifi¢ purposes and ihese are highligh in the financial statements a5 Designated Funds. Restricted funds are those which can be disbursed only for purposes sei by the donor or the temis of the apFeal under which they wcre Taised. lJ7conirf R¥L() All voluntary income dnd bank interest is accounted for when received apart from income tax recoveries on Gift Aid which are accounted foron an a¢cruals basis. Investment income 15 included when received. Grants whi¢h are not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes un¢onditionally ¢ntitl¢d to thc grant. ¢ndili re Rvco niiiun al Irrecove leVA Expenditurc is recogni5ed on an accruals basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is reported as of the expenditure to which li relates. Charitable expenditur¢ comprises those costs incurred by the chority in the delivery of its activities and services for it5 beneficiaries. It includes both cost5 that can be allocated directly io such activities and those costs of an indirect nature necessary to support them. Gov¢rnan¢e costs include those incurred in the governance of the charity and its assets and are primarily &ssociated with constitutional and statutory requirements. Page 9
Culloden Baptist Church Notes to the Financial Stalements for the year ended 31 March 2023 l. Accounting Pollcies (cont'd) Tuii jl?le Fi.ied..l.i.ILf3 cind De re (ill? Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or ihose costing below £1,000 are not capitalised. Depreciation 15 calculated so as to write off the Cost of an asset, leg5 its ¢glimated residual value. over the useful economic life of the asset as follows.. Church Building chUh furniture and equipment Mansc Building is noi depreciated. Land 15 not depreciai¢d. 20/0 straight line 2/0 StTai¥ht line No depreciation has been provid¢d on the Church manse since the Trustees consider that the mark value will exceed the carrying value of the manse as shown in Note 8. En The church contributes to defined conlribution pension scheme5 of the employees. 2. Related Party TrAn$actlons Trustees, Expenge8 and Remuner#tlon Salaries and wages include the gros5 sa]ary of £25,700 12022: £24,8(X)) paid to work done for the ministry and not in hi5 capacity a5 a Tru51ee. for One of our church work¢T8, received £3,458 {2022.. £1.081 from December 2021) for her part-tim¢ role in delivenng ihe ministry of the church and noi in her ¢apa¢ity as a Trustee. The Trustees received no remuneration or expenses during the year (2022- Nil) in their capacity as Trustees. Page 10
Culloden Baptist Church Notes to the Finaneial Statements for the year ended 31 March 2023 3. Don4tlon$ gnd Leggcies Total Funds 2023 Total Funds 2022 Unrestricted Funds Restricted Funds Open Offerings Monthly Giving Gift5 Granls her Income Gift Aid Reclaimed SSE FIT Payment 60 107,371 60 154.719 10,700 9.941 12,061 146,009 47,)48 10.700 9.941 47 8,001 664 19,658 744 2,934 28,931 546 27.659 744 128,497 76,037 204 534 190 481 Income from donations and legacies was £204,534 {2022: £190,481) of which £128,497 was unreslrirted {2022: £127,171) and £76,037 was restricted (2022.. £6i,310). 4. Ch*rlt#blt Actlvltles TotHI Funds 2023 Tot#1 Fund$ 2022 Unrotrleted Fundj Restrleted Funds Rental Income 40,914 40,914 7,565 Income from charitable activities was £40.91412022.. £7,365) of whi¢h £40,914 wgs unrestricted 12022.. £7,S65) and £nil was restricted {2022.. £nil). 5. Investrnentl Totsl Funds 2023 TotAI Funds 2022 Unrestrleted Fund3 RestrSeted Funds Interest 482 482 62 482 482 62 Totsl investment in¢om¢ was £482 (2022.. £62) of which £nil wa5 unre5tricted12022.. £nil) and £482 was restricted (2022: £621. Page 11
Culloden Baptist Church Notes to the Financial Ststements for the year ended 31 March 2023 O. Analysls of Expenditure Total Fund$ 2011 Total Funds 2022 Unrestricted Funds Restrlcted Funds Charltllble E%penditure Salary and Pension Minister5 Expenses Pulpit Supply Manse Rent and Expenses Heal and Light Insurance Water Rates Church Office - Salary Accommodaiion Costs Mission - Foreign Mission - Home Sunday School and Youth Work Caterin8 Repairs and Sm811 Equipment Sialionery and Office C0515 Telephone Books and Materials Computer and Websitc C05t5 Pasioral Fund l Discipleship Le8al Fees Accountancy Fees Professional Fees Independent Examination D¢prcciation Loan Repayments / Interest Loan Repayrnents I Interest 27,857 197 75 765 20.915 1.195 814 24,349 4,664 9,763 6.956 1,709 29,566 197 75 76S 20,915 1.195 814 24,349 4,664 28,125 197 500 623 9,400 i,651 1,326 21,776 5,401 18,197 7,656 428 1,691 3,049 415 1,947 6,956 4.683 9,994 1.568 2,358 1,209 8.785 1,568 2,173 1,313 2.199 1,313 2,199 1,682 40 900 3.507 2250 930 23,053 15,091 7,708 159,543 3.712 2,447 1,020 22.651 3.712 2.447 1.020 22,651 14.992 14,992 .073 15&661 20,268 178 929 Tot41 20 158,661 68 178,929 159,543 Support costs have not been separatsly identified as rhe trustees consider that there is only on¢ chariiable activity. Therefore 5UPPOrt cosis relat¢ wholly to that activity and have not been separately identified. Expenditure on charitable activities was £178.929 {2022: £159,543) of which £158,661 was unrestricted {2022.. £14J,J56) and £20,268 wa5 restricted (2022.. £16,187). Page 12
Culloden Baptist Church Notes to the Financial Statements for the year ended 31 March 2023 7. Analysls of Staff Costs Totsl 2023 Total 2022 Salarie5 and wage5 Pension ¢OSfs 50,591 46,578 53,915 49.902 Total 2023 Number Total 2022 Number Pastoral l Ministry Administration and suppo No employee had ernployee benefits in excess of £60,Tr)0 (2022: nil). 8. Tangible Flxed Assets nd and Buildings Equlpment Totsl Cost I V8luatlon As at l April 2022 A$ at31 M4r¢h 2023 1,499,392 92 58,932 1.558,324 1,558,324 Depreelatlon As at l April 2022 Char8¢ for the year As at 31 MAr¢h 2023 126,708 20,844 55.315 1,807 182.023 22.651 147 52 Net B(bok Value As at 31 March 2022 l J72.684 3.617 1,376,iOI As at 31 March 2023 The church's land and buildings comprises the following: Land Building Manse 201.592 1,041,390 256,410 ,499J92 Totsl at 31 March 2023 9. Analysis of Debtors Totol Funds 2023 Total Fund$ 21122 Unrestrlcted Funds Restricted Funds Other debtors 539 7,846 3,205 3,205 7J07 539 Page 13
Culloden Bapt15t Church Notes to the Financial Statements for the year ended 31 March 2023 10. Analysis of current labilitie5 and long term credltors Unrestricted Funds Total Funds 2023 Total FUd3 2022 Restrieted Funds Due within l year Other Creditors Loans 1,674 90,812 1,674 90,812 100,812 92,486 92,486 102.150 Note Unrestricted Restricted Funds Funds 202J Funds 2022 Credi¢or5 due After l year (In¢luding provisions) Loans 528,358 528,358 528J58 603,908 603.908 528J5¥ I l. Analysls of Net A55ets Among FuTrd$ Total Funds 2023 Unrestricted Funds Restricted Fundy Fixed A5se¢s Current Assets Current Liabilities Long Tem) Liabililies A8 4t 31 March 2023 1,353,6SO 51,682 192,4861 (528,358) 784,488 1.353,650 109.750 (92,486) (528,358) 842,556 58,068 5&068 Totsl Funds 2022 Unrestrlcted Fynd$ Restrl¢t¢d Funds Fixed Assets Current Assets Current Liabilities Long Temi Liabilitie5 As #t 31 March 2022 1,376,301 32,966 {102,150) 1603,908) 703,209 1,376,301 105,312 (102,150) (603,908) 775J55 72.346 72,346 Pag¢ 14
CuIloden BaptRst Church Notes to the Financial Statements for the year ended 31 March 2023 12. Movement in Fund$ A5at 01.04.2022 Incoming Resources Outgoing Transfers Resoyrces GainslLosses Asat 31.03.2023 Restricted Funds Building Warm Hub Youth Club Equipment 72,i46 66,578 7,741 2,200 (14.992} (2.918) (2,3581 {20268) (70,687) 53,245 4,823 158 72J46 76,519 70J29) 58,068 Unrestricted Funds General Fixed Assets 31.628 671,581 169,411 {1)6,010) (22,651) 158,661) (15.021) 85,550 50,008 734,480 784.488 703,209 169,411 711,529 Tot#1 Funds 775,555 245,930 178,929 842,556 Asat 01.04.2021 Incomlng Resources Outgolng ResouTfe5 Transfers Galn51LA>55e5 As4t 31.03.2022 Restrlcted Funds Building 56,180 63.372 63 (16,187) (31.019) 72,346 Unrestrl¢ted Funds General Fixed Assets 59,978 620,832 134.736 {120,303) {2J,0531 143 356 (42,783) 73,802 31,628 671,S81 680810 134 736 Total Funds 736,990 198 108 775 $55 Fund Purposes: Restri¢ted Funds: The Building fund represents money raised towards the building of a new church. The Warm Hub lund represents money received for the provision of a warm space, food and company for everyone, especially the vulnerable, throughout the winter months. The Youth Club fund represents money received to purchase games equipTncnt to support Junior and Senior Youth Club5. Unrestricied Funds: The G¢n¢ral Fund encompasses all income and expenditure relating to the primary focus activities of the Charity. oiher than those for which funding is restricted. The Fixed Assets Fund represen15 the net book value of the church's fixed assets less loans. Page 15
Culloden Baptist Church Notes to the Financial Ststements for the year ended 31 March 2023 13. Donations and gifts Total 2023 Total 2022 1.200 1.225 1,450 1.200 1,200 Sub-lulal InstitutlOllS Baptist Union of Scotland Release Infrrnarional csw Hope Church Aviemore India Village Ministries BMS 5,256 5,256 800 800 1.200 7,103 4.844 600 600 2,250 23,453 800 1200 2.013 Inverness Street Pastor5 Hi8hlands & Islands Youth for Christ Living Waters Village Sub-ioi&l Others her donaiions and gifts below £ 1,000 Total donations and gifts 2,825 12,094 750 16,719 25153 Page 16