BANCHORY CHRISTIAN FELLOWSHIP CHURCH Icharity Number: SC0343771 TRU5TEES' REPORT AND FINANCIAL STATEMENTS 31 MARCH 2025 AAB Busln•ss ind Tax Advlsory LLP Chartered Accountants
BANCHORY CHRISTIAN FELLOWSHIP CHURCH TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 h14RCH 2025 CONTENTS PAGE Legal and administrative information Trustees, report Statement of Trustees. responsibilities . Report of the examiner................................................... Statement of flnancial activities (including income and expenditure account) . Balance sheet Notes on the flnanclal statements .
BANCHORY CHRISTIAN FELLOWSHIP CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Constltutlon: Banchory Christian Fellowsh7p Church is a recognised charity in Scotland {Charity Number: SC034377) governed by its trust deed. Principal Address: Bankers: The Royal Bank of Scotland plc 36 St Andrew Square Edlnburgh EH2 2YB Sollcltors: Ledingham Chalmers LLP John5tone House 52-54 Rose Street Aberdeen AB10 1HA Independent Examlner: Derek S Malr AAB Busine55 and Tax Advisory LLP Chartered Accountants Kingshill View Prime Four Business Park Kingswells Aberdeen AB15 8PU
BANCHORY CHRISTIAN FELLOWSHIP CHURCH TRUSTEES, REPORT The trustees submit their report and the flnancial statements of the charlty for the year ended 31 March 2025. Legal and adminlstratlve infomiation set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practlce: Accounting and Reporting by Charities. OBJECTIVES AND ACTIVITIES The prlncipal objectives and actlvlties of the charity are the wblic worship of God and the spreading of the gospel of Jesus Chrlst in accordance with the charity's written Statement of Faith. FINANCIAL REVIEW The net resources expended for the year, amuntlng to £1.88212024 - £22,587), have been dealt wlth as shown in the Statement of Financial Activities. The general fund exists for the general purposes of the charity. The general fund at the year-end was £463,110. The des18nated fund Is a fund earmarked for the maintenance of the church bulldlng and provlslon for church property. The deslgnated f und at the year-end was £1, 594,787. The restrlcted fund exlsts for the purpose of collectlng fncc*ne and disburslng It to mlsslonaries speclfically supported by the charlty and to mission organisatlons. The restricted fund at the year-end was £7, 385. Reserves are malntained at a level considered by the trustees to be necessary for ttE future commitment5 of the church. The trustees consider level of reserves to be adequate. ACHIEVEMENTS AND PERFORMANCE During the reporting period, the church continued its involvetnent in the local community holding Sunday worship services, which include Junior Church and Bible Class activities. Regular evening services were also held, Including monthly outreach services held in the Victory Hall in Aboyne. The morning services continued to be streamed via the internet to enable ttrK)se unable to attend church to participate and to encourage new members to attend. Regular twice monthly services have also been held at the Inchmarlo care home. Other regular activities include monthly prayer meetings, weekly "Connect" youth sessions and the continuation of the children's "After khool Club" and the mother. and toddlers. group "Little Blessings" Weekly blble study groups have contlnued, Includlng the "Plzza Wednesday" sesslons almed at famllles. A seminar series was held at the church during February and March 2025 with a focus on "How to be a growlng church" The church continues to be open each hk>nday moming offering a "Place to Meet" for older members of the community and involving craft and leisure activities. Other mlnlstrfe5 and outreach during the year inctuded the Hollday Blble clubs held during the Easter and Summer school holldays, A "Christianity Explored" course, Praise Nights, Men's Breakfast, Ladies, Breakfast, a church Light Party and a ladles Christmas Craft night. "Frlendshlp" lunches recommenced In late 2024. The church ran an outreach stall at the Banchory summer show. A conference entitled "Grlevlng wlth hope" was also held In October 2024. Our pastor has contlnued hls Involvement in the establlshment of a Ministry Training Academy In the north-east of Scotland. This is aimed at providing In-person basic ministry trainlng and to encourage more churches In Aberdeen and Aberdeenshire to invest in training. The MTA'S second year of teaching started In September 2024. A new set of steps to give access to the grounds of the church were completed during the reportlng perlod and work on installing acoustlc panels in Atrium of the church began In March 2025.
BANCHORY CHRISTIAN FELLOWSHIP CHURCH TRUSTEES, REPORT (contlnued) During the reporting period, a review of the church information management and computer systems was continued for the purposes of assuring cybersecurity, GDPR compliance and efficient running of the church. As a result, several modules of Churchsuite software have been introduced to streamline the administration of the church. ORGANISATION STRUCTURE The charlty 55 managed by the trustees as ltsted on page 1. TRUSTEES The trustee5 dudng the year were as ltsted on page 1. METHOD OF AppoIKfMEKf AND REMOVAL OF TRUSTEES New trustees are appolnted by a unanlmous vote by the board of trustees. KEY MANAGEMENT REMUNERATION The paid elders of the Church are considered as part of key management. The key management remuneration Is reviewed annually by the Trustees. TAXATION STATUS Banchory Christian Fellowship Church is a charity for taxation purposes under Sectlon 505 of the Income and Corporation Taxes Act 1988. INVESTMENT POLICY There are no restrictions of the charity's power to invest. The trustees have the Wer to invest in such assets as they see fit. RISK MANAGEMENT The trustees actively review the major rlsks which the charity faces on a regular basis. The trustees have examined these risk5 and confirrn they have established 5y5tems to fflanage the significant risks. Approved by the Board of Tntstees and sfjgd on Its behalf by
BANCHORY CHRISTIAN FELLOWSHIP CHURCH STATEMENT OF TRUSTEES, RESPONSIBILITIES The Tru5tee5 are responsible for preparing the Tru5tee5 rew)rt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law appllcable to charities in Scotland requires the Trustees to prepare fFnancTal statements for each flnancial year which glve a true and fair view of the state of affalrs of the charity and of the incoming resources and application of resources of the charlty for that period. In preparing these flnanclal statements, the Trustees are required to: select sultable accounting policies and then apply them consistently; observe the methods and principles in the Charitles SORP; make judgments and estimates that are reasable and prudent; prepare the financSal statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responslble for keeping proper accounting records that disclose wlth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2LK)5, the Charities Accounts Iscotland) Regulatlons 2006 and the provisions of the charity's constltution. They are also restx)nsible for safeguardlng the assets of the charlty and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularltles.
INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF BANCHORY CHRISTIAN FELLOWSHIP CHURCH I report on the financial statements of the charity for the year ended 31 March 2025 which are set out on page5 6t014. Thls report Is made solely to the charity's trustees, a5 a body, in accordance with RegulatTon 11 of the Charities Accounts {Scotlandl Regulations 2(Y)6. My work has been undertaken so that I mTght state to the charity's trustees those matters l am required to state to them in an Independent Exarnlners report and for no other purpose. To the fullest extent permitted by law, I do rKJt accept or assume responsibility to anyone other than the charity and the charity's trustees as a bodyi for my work, for this report, or for the op5nlons I have formed. Respectlve responslbtiitles of trustees and examfner The charity's trustees are respx)nsible for the preparation of the financial statements in accordance with the terms of the Charitles and Trustee Investment Ikotland) Act 2CX)5 (the Act) and the Charltles Accounts (Scotlandl Regulations 2CQ6 las amended) (the Accounts Regulations). The charity trustees consider that the audit requirement of Regulation 10(11 la) to Icl of the Accounts Regulations does not apply. It is my respx)nsibility to examine the financial statements as required under Section 44111 (cp of the Act and to state whether particular matters have come to my attentlon. Basls of Independent examlner's Statement My examination was carried out in accordance with Regulation 11 of the Accounts Regulations. An examination include5 a revlew of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees conceming 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 audlt opinion on the view given by the accounts. Independent examlner's statement In the course of my examination, no matter has come to my attention: {11 which give5 me reasonable cause to believe that in any material resiEct the requirement5: to keep accounting records in accordan with Section 44(1) la) of the 2005 Act and Regulation 4 of the Accounts Regulation5; and to prepare financial statements which accord with the accounting records, Account7ng and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland IFRS1021 and comply with Regulation 8 of the Accounts Regulations have not been met; or 12) to whlch, in my oplnTon, attentlon shwld be drawn In order to enable a proper understandlng of the financial statements to be reached. Member of Institute of Chartered Accounts in Scotland AAB Business and Tax Advlsory LLP Kingshill View Prlme Four Buslness Park Aberdeen Date:
BANCHORY CHRISTIAN FELLOWSHIP CHURCH STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Z025 Total Funds 2024 Total Funds Unrestrlcted Funds Restrlcted Funds Not• INCOME FROM: Donatlons and legacles Other trading activitles Investments 163.150 1,683 2,512 167,345 2,100 165,250 1,683 2,512 169,445 154,849 2,825 4,402 162,076 TOTAL INCOME 2,100 EXPENDITURE ON: Charltable activities TOTAL EXPENDITURE 170,377 170,377 950 171,327 171,327 184,663 184,663 NET MOVEMENT IN FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13,032) 2,060,929 2,057,897 1,150 6,235 7,385 11,8821 2,067,164 2,065,282 122, 5871 2,089,751 2,067,164 The charity has made no gains or losses other than as reported aLx)ve. The notes on pages 8 to 14 forn) part of the financlal statements.
BANCHORY CHRISTIAN FELLOWSHIP CHURCH CHARITY NUMBER- SC034377 BALANCE SHE - 31 MARCH 2025 2025 2024 Not• FIXED ASSETS Tanglble assets 1,882,729 1,896,044 CURRENT ASSETS Debtors Cash at bank 7,126 181,385 188,511 5,509 171,470 176,979 CREDITORS: amounts fallins due within one year NET CURRENT ASSETS NET ASSETS 5,958 182,553 £2,065,282 5,859 171,120 £ 2,067,164 CHARITY FUNDS UNRESTRICTED FUNDS General Designated 10 10 463,110 1,594,787 2,057,897 7,385 £2,065,282 466,142 1,594,787 2,060,929 6,235 £ 2,067,164 RESTRICTED FUNDS TOTAL FUNDS 10 Signed on behalf of the Trustees
BANCHORY CHRISTIAN FELLOWSHIP CHURCH NOTES ON THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES la) Bas15 of financial statements preparation The financial statements a prepared under the historical cost convention and in accordance wlth Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charitles preparing their accounts in accordarKe with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS1021. (bl Golng Concern The trustees, having made due arxl careful enquiry and preparing foTeca5ts, are of the opinion that the charity has adequate working capital to execute its operations over the next 12 months. The trustees, therefore, have made an informed judgement, at the time of approvlng the financial statements, that there 15 a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. As a result, the trust contlnue to adopt the golng concern basis of accounting in preparing the annual financial statements. (cl Income 11) Voluntary Income Donationsi gifts and legacies are inctled in the Statement of Financial Activities in the year In which they are receivable. liil Investment income Income from investments is included in the Statement of Financlal Activities in the year in which it is receivable. (dl Expenditure All resources expended are included in the financial statements on an accruals basls, inclusive of any irrecoverable VAT. Expenditure is dlrectly attrfbutable to the relevant category in Statement of Financial Activities where practical. (el Taxation The charity is recognised by HM Revenue & Customs as a charity and therefore the charity f5 not liable to taxatlon. Tanslble flxed assets and depreciatlon Tangible fixed assets represent part ownership of two Church manses and property costs In relation to the constructlon of a church. Depreclatlon is charged on the church manses on a stralght Ilne basls over 25 years. Depreclatlon is charged on the church fixtures and fittings on a strafght line basls over 15 years. No depreclatlon Is applled to the church as the church malntalns the property In excellent condltlon through Its repalr and malntenance programme.
BANCHORY CHRISTIAN FELLOWSHIP CHURCH NOTES ON THE FINANCIAL STATEMENT5 YEAR ENDED 31 MARCH 2025 {gl Funds Unrestrlcted funds include incoming resource5 receivable or generated for the object5 of the charlty wlthout further specified purrx)se and are avallable as general funds. These funds can be used In accordance with the charitable objectives at the dlscretion of trustees. Deslgnated f unds are unrestricted funds earmarked by trustees for specific future purposes or projects. Restrfcted funds are to be ed for speclfk purposes as laid down by the donor. DONATIONS AND LEGACIES 2025 2024 From individuals and churches Missionary fund gifts - from individuals Weekly door collections 149,977 2,11XI 13,173 165,250 141,100 2,810 10,939 154,849 In 2024 of the total tlonation income £2,810 was to restrkted funds and £152,039 was unrestrtcted funds. OTHER TRADING ACTIVITIE5 2025 2024 Events and book sales 1,683 1,683 2,825 2,825 All Income In 2024 was to unrestricted furKIs.
BANCHORY CHRISTIAN FELLOWSHIP CHURCH NOTES ON THE FINANCIAL STATEMENTS ICONTINUED) YEAR ENDED 31 MARCH 2025 COST OF CHARITABLE ACTIVITIES 2025 2024 Staff costs M1555onary glfts (note 5) Advertlslng and secretarial Depreciation Events Book5 Travel expenses Caterlng Manse costs Preaching gifts Insurance Building general expenses Utilities Legal and professional fees Equipment General expenses Rent of Halls for church serrfices Payment processing fee 90,762 12,950 4,158 21,071 1,881 1.745 1,675 1,211 86,548 15,667 3,888 20,906 2,900 3,476 1,627 749 1,922 490 7,265 20,498 13,220 1,800 1,157 2,550 360 5,584 14,126 12,71J] 1,470 726 556 333 19 £171.327 £184,663 In 2024 of the total expendfture, £3,667 was from restrScted funds and £180,996 was from unrestrlcted funds, 10-
BANCHORY CHRISTIAN FELLOWSHIP CHURCH NOTES ON THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 MISSIONARY GIFrs 2025 2024 UCCF CAP and related gifts City Church Dundee Zambesl Mission Operation Mobillsatlon Wycliffe Bible Translators The Kerusso Trust Street Kids Direct Dignity Freedom Network (UK Open Doors Scripture Unlon Scotland BCFC Hardship Fund gift 1,5CM) 1,720 1,510 1,187 1,5(M) 1,500 1,750 2,5(M) 1,500 1,500 1.7(M) 1,51X) 1.51X) 2.500 1,5(Kl 1,600 500 150 £12,950 £15,667 Met from restricted funds Met from unrestricted funds (note 4) 950 12,10 £12,950 3,667 12,000 £15,667 11
BANCHORY CHRISTIAN FELLOWSHIP CHURCH NOTES ON THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 STAFF COSTS AND TRUSTEE5' REMUNERATION 2025 2024 Wages and salaries Social security and pension costs 85,692 5.070 90,762 81,960 4,588 86,548 On average there were three persons employed by the charity during the year12024 - three). No employee received remunerntion in excess of £60,0(M). No trustee received remuneration or expenses for their services during the current or prfor year. TANGIBLE FIXED ASSEf5 Church ffxtures and flttings Church building Manses Total COST At 1 April 2024 Additions At 31 March 2025 1,588,877 332.024 114,840 7,756 122,596 2,035,741 7,756 2,043,497 1.588,877 332,024 DEPRECIATION At 1 Aprll 2024 Charge for year At 31 March 2025 48,932 13,281 62,213 90,765 7,790 98,555 139,697 21,071 160,768 Net book value at 31 March 2025 £1,588,877 £269,811 £24,041 £1,882,729 Net book value at 31 March 2024 £ 1.588.877 £ 283,092 £ 24.075 £ 1,896,044 DEBTORS 2025 2024 Deposlts Other Debtors Prepayment5 1,440 150 5,359 E 5,509 5,686 £7,126 12
BANCHORY CHRISTIAN FELLOWSHIP CHURCH NOTES ON THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CREDITORS amount5 falling due within one year 2025 20Z4 Accruals and deferred income £5,958 £ 5,859 10. MOVEMENT IN FUNDS At 1 Aprll 2024 At 31 March 2025 Incomlnz resources Resources expended Transfers Unrestricted funds General fund Designated fund Total unrestrlcted funds Restricted funds Total funds 466,142 1,594,787 167,345 1170,377) 463,110 1,594,787 2.060,929 167,345 (170,3771 2,057,897 6,235 2,1(Kl 1950) 171 327 7,385 £2 065 282 The general fund exists for the general purposes of the charity. The designated fund is a fd earmarked for the Fnaintenance of the church building and prov7sion for church property. The restricted fund ex15ts for the pur of collecting incMie and disbursing it to missionarles speclfically supported by the charity and also to mlsslon organisations. At 1 Aprll 2023 At 31 March 2024 Incoml resources Resource5 expended Transfers Unrestricted funds General fund Deslgnated fund Total unrestrfcted funds Restrlcted funds Total funds 487,872 1,594,787 159.266 1180,9961 466,142 1,594,787 2,082,659 159,266 1180.9961 2,060,929 7,092 E 2,089,751 2.810 £162,076 13,667) É1184,663) 6,235 £2,067,164 13
BANCHORY CHRISTIAN FELLOWSHIP CHURCH NOTES ON THE FINANCIAL STATEMENTS YEAR ENDED 31 IIARCH 2025 ANALYSIS OF NEf ASSETS BEfYEEN FUNDS General Fund Desl8nated Fund Restrlcted Fund Total Funds Tanglble fixed assets Cash at bank Debtors Creditor5: amounts due withln one year Net Asset5 at 31 March 2025 293,852 168,090 7.126 15.958) £463,110 1,588,877 5,910 1,882,729 181,385 7,126 {5,958) 7,385 [1,594,787 £7,385 £2,C5,282 General Fund De51gnated Fund Re5tr1cted Fund Total Funds Tangible fixed assets Cash at bank Debtors Creditor5: amunts due within one year Net Assets at 31 March 2024 307,167 159,325 1,588,877 5,910 1,896,044 171,470 5,509 15,8591 6,235 (5.859) £ 466,142 £ 1,594,787 £ 6,235 £ 2,1Y>7,164 12. RELATED PARTY TRANSACTIONS Control Through<)ut the year the charfty was controlled by the trustees. Transactl¢Jns There were no transactlons with related partles during the year. 14-