Charlty registration numbèr SC045672 {Scotlandl CARNOUSTIE BAPTIST CHURCH ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CARNOUSTIE BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trusteès Charity number SC0456n Principal address Independent examiner Bankers Bank of Scntland 1 D High Street Camoustie DD7 6AN
Pagè Trustees, report Independent examiners report Ststernerrt of finanaal activities Balance sheel Notes to the finanaal statements 6-13
CARNOUSTIE BAPTIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Injstees present their annual report and finanual statements for the year ended 31 Marth 2023. The accounts have been prepared in a¢rdance with the a(xounting poliues set out in note 1 to the accounts and oomply with the Churth's nstitution, the Charibes and Trustee Investment Iscotlandl Act 2005, the Charities Accounts (Scolandl Regulations 2006 las amendedl and "Accounting and Reporting by Charities". Staternent of Recommended Practice applicable to chartties preparing their accounts in accordance w¢th the Finanaal Reporting Standard applicable in the UK and Republic ol Ireland {FRS 1021° las amended for awunting periods commencing from 1 January 20161 Objectives and activitres The Churth's purposes I'lhe Purposesl are the advancernenl of the Christian faith primarily in Camoustie and also throughout Scouand and the rest of the Worfd by all means consistent with the teachings of tre Christian Bible. including worship, ministy. mission, prayer, witness. education, community seNce and the support of agencies and indiwduals and other charitable organisations involved in Christian missionary work and the relief of poverty or other soual needs. The trustees have paid due regard lo guidanr£ issueil by the Charrty Commission in de(yding what acb"vities the Church should undertake. Achievements and performance The Church has sought to fulfil its purpose through regular Sunday worship seNces, induding preaching whid) seeks to be consistent wff(h the Btble. Groups for teathing and prayer, and Sunday School, have continued to 311ow leaming, encouragement. and prayer togethw. The thurth has also sought to share our Christian faith through the daily lives of its members and other means. irKJuding the Manna project and Cafe. seeking to meet material needs wthin the wider communty. We have ctinued to support Chrisban missionary and relief work overseas through prayerful and financial sUPPOrt to BMS Missicffi. Comfort Irrtematbtifi. Vision Romani8 and Open Doors. Financial review wrth assistance of Central Baptist Chijrth we continue to meet our goals in respect to setf-sufficiency and providing donations to needy causes both local and worfdwide in ac[x)rdan wth our objectives as 8 chur¢h. Jt is the policy of the Church that unrestricted fvnds whith have not been designated for a specific use should be aintained at a level equivalent to beeen three and six month's expendituiè. The trustees considers that resetves at this level will ensure that, in the evenl of a significant drop in funding. they will be able to continue the Church's wrrent actiwties while consideiation is given to ways in which additional fvnds tnay be raised. The Church is almost at this level. The trustees have assessed the major risks to which the Church is exposed. and are satisfied that systerlls are in place to mitigate exposure to the major risks. Structure, govemance and managemènt The Church is a registered charity tKS. SC045672 and is set up under a nstUl10 dated 30th July 2014. The IrLislees bvho served during the yeai and up to the date of signature of the finanaal ststements were". The Tru5te&s of the churth are appkjinted at theA.G.M. by the members of the churth.
CARNOUSTIE BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Church is congregational in rts fottn of govemment. wtth significant deasions made by the thurch membership. This Indudes appointment of Trustees (those persons hawng general control and managemerit of Ihe administration ofthe Church) and office bearers la Pastor, rf any, Seuetary and Treasurer) and of deacons to assist wth the practical and spiritud overSht of the Church. Ststement of trustees. responsibilities The trustees are responsible for preparing the Trustees. Report and the finanaal statements in acthrdan¢e wlh pplieAble law and United Kingdom Accounting Standards (Unrted ngdoM Gènerally AcrEpteiJ Accounting PTacti1. The law appliG3ble to chanties in Swuand requires the trustees to prepare finanaal statements for eath finanaal year which gwe a true 2nd f31r wew of the state of affairs of the ChuTth and of the incoming resources and application tsf resources of the Churth forlhat year. In preparing these finanaal stalements, the trustees are required to= - select suitable accounting wlicies and then appty them rx)nsistently.' - observe the methods and prinuples in the Chariti'es SORP- - make judgements and estimates that are feasonable and prudeni.. state whether applicable acrA)unting standards have been frAlowed, subject lo any material departures disdosed and explained in the fin3naal staternents". and prepare the ffinanaal statements on the going conrn basis unless tt is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping SLtffiuent accounting recA>rds that disdose with reasonable ac£uracy at any time the finanual posttion of the Church and enable them to ensure that the finanaal statements comply with Ihe Charities and Trustee Investsnent Iscotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 (as 8mèndedl and the prowsions ol the trust deed_ They are also responsible for safeguarding the assets of the Church and hence for taknng reasonable steps for the prevention and detection of fraud and other irregLJlarities. trustees, report was approved by Ihe Board of Trustees. D*d". 4 W 2023
CARNOUSTIE BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARNOUSTIE BAPTIST CHURCH I report on the finanual statements of the Churth for the year ended 31 March 2023, whith are set out on pages 4t013. Respecb"ve responsibilities of trustees and examinèr The Church's trustees are responsible for the preparation of the finanaal statements in aCurdan with the tems of the Charities and Trustee Investtnents (Scotlandl A($ 21)05 and the Charities AUnIS (Scotlandl Regulations 2006. The charrty's truslees consider that ihe aud¥t requirement of Regu131ion 1011llal to Icl of the 2006 Accounts Regulations does not appty. 11 is my reswnsibilrty to examine the financjal statements as required under se¢tion 4411){cl of the Act and to st*e whether patti<aJlar matters have eA)me to my attention. Basis of independent examinees statement My exatnination is carried oul in acwrdance wth Regulalion 11 of the 20C6 Accounts RegulatiorFS. An examination Indudes a reieW of the ac£ounting recoids kept by the d)arrty and a comparison of the financial st31ements piesented with those recoid5. It also indudes consideration ol any unusual items or disdosures in the financial statements. and Seeks explanations from the trustees concerning any such matters. The prOdureS undertaken do not promde all the emdence that would be required in an audit and cx)nsequendy I do not expréss an audit opinion on the Mew given by the financial statements. Indepèndent examinevs statement In connection wth my examingtion: no matter has come to my attenlion.. lal which gives me reasonable use to believe that in any material respect the requirements". to keep ac£ounting records in accordan wsth secthon 44111 lal of the 2005 Act and RegLJlation 4 of the 2006 Accounts Regulations." and lill to prepare financial statements whith a(wrd Trmth the acwJnting records and rnpty Vth Regulation 8 of the 2006 Accounts Regulations". have not been rnet or Ibl to which. in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Dated.. 4 July 2023
BAPTIST CHURCH rraw. OF FINANCIAL ACTIVITIES ,1WDuD PICOME AND EXPENDITURE ACCOUNT CP.. TrE YEAR ENDED 31 AIARCH 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes 16.2S2 62.592 45,342 4,915 50,257 QJvtraJing 1,838 1.838 32 788 788 T(rtal income 48,168 16,294 64,462 46,130 4.916 51.046 nditure on: Ctsrtf3ble activities 52,339 61,779 46,137 50,002 Ilet lexpenditure)fincome for the yearl Net movement in funds (4,171) 1,051 Fund balances at 1 April 2022 25.853 15.121 40,974 25.860 14,070 39,930 Fund balances at 31 March 2023 21.682 21.975 43,657 25,853 15,121 40,974 The statement of finanual actiwfies indudes all gains and losses recognised in the year. All income and expen¢Yiture derive from continuing actiwties.
CARNOUSTIE BAPTIST CHURCH BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets 10 15.807 14,240 Current assets Debtors Cash at bank and in hand 11 1.592 29.849 1,642 28.537 31.441 30.179 Creditots: amounts falling due within one year 12 13.5911 13,4451 Net cutrènt assets 27,850 26.734 Total assets less Current liabilities 43.657 40.974 Income fvnds Restcted funds Unrestricted funds 13 21,975 21,682 15,121 25,853 43,657 40,974 The finanual statements weie approved by the Trustees on 4 July 2023
CARNOUSTIE BAPTIST CHURCH r4iyTES TO THE FINANCIAL STATEMENTS ,r THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity inforniation Camoustie Baptist Church is 3 unincorporated assoaation. Charrty Registration No. SC045672 1 Accountin9 convention The accA>unts have been prepared in accordan wth Ihe Churd)'s constitution, the Charities and TTUStee Investrnent (Scotlandl AIX 2(M)5, the Charities Accounts ISrx>Uand) Regulations 2006 las amended) and -Accounting and Reporting by Chatities." Statement of Recommended Practice applicable to charities preparing their accounts in acts)rdan with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- {as amended for accA)unting periods cornmenryng from 1 January 201fj1. The ChLJrd) is a Public Benefft Entty as defined by FRS 102. The Church has taken advantage of the prowsions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Ststement of Cash Flows. The finanaal statements have departed from the Charrties IA(£ounts and Reports) Regulations 2008 only to the extent réquirèd to prode a true and fair View. This departure has involved following the Ststement of RecA)mmended Practice foi tharities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the ReguL4tions but whith has since been withdrawn. The finanual statements a prepared in sterfing. whith Ès the functional of the Church. Monetary amounts in these financial Statements are rounded to the nearèst £. The financial statements have been prepared under the histori1 c4)st (xjnvention. The principal ac£ounting poliryes adopted are set out below. 1.2 Gorng con¢em At the titne of appromng the finanryal stslernents, the tnjslees have a reasonab expectation that the Church has adequate resources to continue in operational exstence foi the foreseeable fLrture. Thu5 the ttustees continue to adopt the going concern basis of aruunting in preparing the financial statements. la Charitsblefvnds Uniestricted ftsnds are available for use at the discretion of the tDJstees in furtherance of their charitable objectives. Restricted fvnds are subject to specific conditions by do¢rS as to h(M they may be used. Thè purposes and of the restricted funds are sel out in Ihe noies io the finanryal statements. 1A knming reSoue$ is rècognised when the Churth is legally enttiled to rt after any perfarmance condrtions have been the amounts G3n be measured reliably. and ti Is Probable that income wll be received. &atr.n$ are recognised on receipt. Other donations are recognised once the Church has been J of the donation, unless performanr£ conditions require deferral of the amount. Income tax relation to donations Teceived vreT Gift Aid or deeds of cxjvenant is recognised at the limè of Lw5 ietwnised on receipl or otherwise tr the Churth has been nottfied of an Impending distribution. •E is kn(Avn. and receipt is expected. If the amount is not knovm, the legacy is treated as 8
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {COPfflNUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounling policies {ContinLbedl 1.5 Resources expended Expenditure is recognised once there is a legal or (x)nstructive obligation to transfer efft to a third paty. it is probable that a transfer of en01¢ benefits will be required in setuement. and the amcHJnt of the obligation can be measuied reliabty. Expenditure is dasstfied by actmty. The costs of each aCtity are made up of the total of direct costs and shared costs, induding support costs involved in undertaking ea(t actity. Direct costs attributable to a single actiwty are allocated diredly to that athty. Shared cosls which wntribute to more than one activity and support costs which are not attribLrtable to a Single actiw are apportioned belween those activities on a b3SIS consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and deprecJation charges are allOted on the portion of the asset's use. ExpenditUTe is tharged to the revenue a(xx>urrt an acuuals basis. 1.6 Tangible fixèd assets T8ngible fixed assets are inTttalfy measured at c£Jsi and subsequenuy rneasured at cost or waluation. net of depreoalion and any itnpairmènt losses. Depieaation is recognised so as to wrtte off the (xjst or ¥aation of assets 1è5S their residual values over their useftjl lives on the followng bases- Freehold land 2nd buildings Fixtuw and fith'ngs 15°A Rgjuoyng bal The gain or loss arising on the disposal of an asset is dete[rnIn as the drfference bets¥een the sale proceeds and the carrying walue of the asseL and is reo)gnised in the statement of finanoal acalties. 1.7 Impaimient of fixed assets At each reporting end date, the Church review5 the G3rwng arnounts of rts tangible assets to determine whether there is any indution that those assets have SLrffered an impairment loss. If any such Indication exists. the recoverable amount of the asset is estimated in order to detemine the extent of the irHpaitment loss Irf any). 1A Cash and cash equivalents Cash and cash equwalents indude CAsh in hand. dep05rts held at call wtth banks, other short-term liquid investments wth original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in wrrent liabile$. 1.9 Financial instruments The Church has elected to apply the pio¥isions of Section 11 'Basic Finanaal Instruments, and Se("on 12 '(Xher Finanual Instnjments Issues. of FRS 102 to all of its finan(xal instruments. FinanThal in5trurTrents are recognised in the Ghurth's balance sheet when the Churth becomes party to the contractual proS1onS of the instrument. Finanaal assets and liabilitiès 2rÈ offsèt. wrth the net amounts presented in the finanual stalemenls. when there is a legally enforceable right to s* off the recognised amounts and there is an intention ta settle on a net basis or to realise the asset and settle the liability simultaneously.
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Accounting policits Icontinuèdl Basic financialassets Basic financial assets. which indu¢Je debt0 and (3sh and bank balances, are initially rneasured at tsansaction price including transaction costs and are subsequently carried at amortised cost using the effectNe interest method unless the arrangement txbnstitLrtes a finanang transaction, where the transaction 15 measured at the present value of the futu receipts discDunted at a market raie of interest. Finanal a55e15 dassified as re1Vable within one year are not arnortised. 8asi¢ financial liabilities Basic financial liabilities. induding ueditors and bank k>ans are inttially recdognised at tr8nsadion price unless the arrangement constitutes a finanang transaction. where the debt instrurnent is ffleasuied at the present value of the future paytnents discounted at a ma¥kel re of intetesl. Finanual liabilities cjassified as payable within one year ale not 3mortised. Debt instruments ale subsequently (xrrieil at amortised cost, using the effective interest rate methi)d. Trade creditors are obligations to pay for goods or senri¢xs th have been acquired in the ordiliary course of operations from suppliers. Amounts payable are dassified as curTent liabilities if payment is due within one year or less. If not, they are prèsented as norFcurrent liabilities. Trade ueditors are recognised inib.ally at transaction price and subsequently rneasured at amortssed cost using the effective interest method. Derecognition of financialli3bilitres Finanaal liabilrties are derecognised when the Church's contraciual obligations expire or are discharged or e3ntElled. 1.10 Employee benefits Thè cost of any unused holiday entiuemenl is recognised in the pericwd in which the employee's seTrices are received. Temiination benefits are recognised Immediate as an expense when the Church is demonstrabty committed to teminate thè employment of an employee or tr) provide temination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefft sthernes are tharged as an expense as they fall due. Critical accounting estimates and judgements In the applicatton of the ChL£rth's arLounting p(Jiryes. the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabtlib.es that are not readily apparent from other sources. The estitnates and asswlated assumptions are based on historir21 experience and other lactors that aTe considered to be relevant. Actual resvtts may differ from these estimates. The "mateS and underfying assumptions are reeWed on an ongoing basis. Rewsions to accounting e5tirnates are recognised in the period in vthith the esb"rnate is remsed where the revision affects only that or in the period of the reOn and ftrtUTe periods where the remsion affe(*s both current and future
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CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ixwtsading activities Unrestricted Unrestricted rEds funds 2023 2022 1.838 788 Restricted Restrltted funds funds 2023 2022 ivable 32 (Jwitable activities 2023 2022 k&xsiers Stipend & Pension t(3aOn and impairment 1tr•5ters Mileage, Telephone & OtherMlowances IlTh Rent & Rates 19.746 277 744 13,017 1,071 2,543 14,276 487 1.517 6.518 204 19,046 1,034 12,939 1.098 806 6,596 502 1.378 4,0 2,1 130 367 Fkal & Light Repat5 Flxt Supply Fees & Subscriptions FLknMJnal Fees Fth751w Fund 289 60,689 50,992 19901 61,779 50.002 10-
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (ccxr• FOR THE YEAR ENDED 31 MARCH 2023 TStee$ is a Trustee of Camoustie Bayb"st Churth. Camouslie. kn fE of '. £16,400) and pension rA)ntribubons of £2.646 12022". 4lwE Il*. Telephone and Pulpit supply expenses of £744 {2022- £1.0331. Employees The average monthty number employees thÈ year was." 2023 Nutnber Employmènt costs 2023 2022 Wages and salaries Other pension cx)sts 17,100 2.646 16,41)0 2,646 19,746 19,046 Taxation The charity is exempt from tax on in(x)me and gains falling V1n seckn of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that we aFpSed to tis tharitable objects. 10 Tangible fixed assets Frpehokl land Fixtyres and and buildings fftllng$ Total Cost At 1 April 2022 Additions 14.240 14,240 At 31 March 2023 14,240 16,084 Depreciation and impairment Depieciation charged in the year 277 277 At 31 Marth 2023 277 277 Carying amount At 31 March 2023 14,240 1.567 15,807 At 31 March 2022 14.240 14,240 11
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Debtors 2023 2022 Amounts falling due within one year. Other debtors Prepayments and acuued income 695 897 763 879 1,592 1.642 12 Creditors: amounts falling due within one year 2023 2022 Other taxation and Sal sÈ<aJrty Other creditors Accmèls and defeired inrxjme 80 242 3,269 242 3.203 3.591 3.445 13 Restricted funds The incx)me funds of the charity indude resEricted funds u)mprising the follthwng unexpended balan5 of donations and grants held on trust for speufic purposes". Movèment in funds Incoming Resourc8s BaLats at 0xpended 1 April 2022 Movement in fvnds Incoming Resources Balance at resourcos expended 31 March 2023 8alanc8 at Aprfl 2021 Building Fund Boiler Fund Pla2Be Cafe Tech Fund Toddler group BMS CAP Manna Project The Manna House Trust 10,254 735 3.866 {3,8651 10.255 735 4,972 (5,6451 9,582 735 136 268 719 432 1.526 136 136 268 1.381 432 3,146 140 859 432 2,436 522 910 710 8.790 13.7951 4,995 1,300 1,300 14,070 4.916 {3.8651 15.121 16,294 (9,440) 21,975 12-
CARNOUSTIE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTI FOR THE YEAR ENDED 31 MARCH 2023 14 Analysis of net assets betseen funds Unrestricted Restricted Funds Funds 2023 2023 Fund5 2022 2023 Fund balances at 31 Marth 2023 are represented by.. 13.963 7,719 15.807 27,&50 14,240 11,613 Qrn a5*J(tabiithsI 20,131 21,682 21.975 43,657 25,853 15,121 2023 2022 19,410 13-