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2024-08-31-accounts

Charity no: SC049393

BRUNTSFIELD EVANGELICAL CHURCH SCIO

TRUSTEES’ REPORT AND ACCOUNTS YEAR ENDED 31 AUGUST 2024

BRUNTSFIELD EVANGELICAL CHURCH SCIO TRUSTEES’ REPORT YEAR ENDED 31 AUGUST 2024

Page 1

REFERENCE AND ADMINISTRATIVE INFORMATION

Registered charity number SC049393

Trustees during the year

Treasurer

Secretary

Pastor

Principal address 70 Leamington Terrace Edinburgh EH10 4JU

Bankers Bank of Scotland 47 High Street, Dalkeith EH22 1JA

Independent examiner

AG Accounting, 167 Curriehill Castle Drive, Balerno EH14 5TD

BRUNTSFIELD EVANGELICAL CHURCH SCIO TRUSTEES’ REPORT YEAR ENDED 31 AUGUST 2024

Page 2

The trustees have pleasure in presenting their Annual Report and Accounts for the year ended 31 August 2024.

Compliance with existing law

The accounts comply with the requirements of the Charities Accounts (Scotland) Regulations 2006 (as amended) and are in accordance with the charity’s constitution.

Constitution

Bruntsfield Evangelical Church is an independent church, affiliated in its practices with Brethren and other evangelical churches.

Charity status

The Church is recognized by HM Revenue & Customs in Scotland and by O.S.C.R. as having charitable status. Its charity number is SC049393.

Purpose

Our purpose is to glorify God through lives being changed by the grace of Jesus Christ. Our vision is to be a church that is worshipping, growing and full of love as each member does his or her special work.

Organisation

The church is governed by trustees some of whom are also elders. The trustees meet whenever necessary to decide policy and review progress.

Elder trustees - up to three trustees can be nominated by the SCIO members. Other trustees are elected by recommendation from the existing trustees.

Review of activities during the year

As well as Sunday services, the church organises a wide range of activities, including for children, teenagers, women and older people, and operates a weekly food bank. The building is also made available for a range of community activities. At the end of the year, the church had five paid staff, down from six the previous year.

Building

The Trustees have responsibility for the church building and we are grateful to the team who care for it. A major programme of roof repairs commenced during the year. A new fire alarm system was also installed.

Plans for future periods

The church will continue to run a wide range of services and activities, including community use of the building. Plans are in place to appoint an additional Trustee. Roof repairs and upgrading have continued in financial year 2024/25.

Financial review

The church remains financially stable. Costs of staff, the church building and our activities are very substantial, and we depend for our financial stability on the sacrificial giving of our members. An appeal during the year raised most funds required for the roof upgrade, but part will have to be met out of reserves. The Trustees are satisfied that this will leave sufficient reserves in the short term, but an increase in general giving will be needed to maintain and build reserves longer-term. Steps are being taken to achieve this.

BRUNTSFIELD EVANGELICAL CHURCH SCIO TRUSTEES’ REPORT YEAR ENDED 31 AUGUST 2024

Page 3

Financial review (continued)

The attached Statement of Financial Activities & Notes shows the results of the year and the state of the finances as at 31 August 2024.

For the year ended 31 August 2024, before transfers between funds, Restricted Funds showed an inflow of funds of £47,911 (2023 - outflow £15,770), and the General Fund showed a deficit of £16,070 (2023 - surplus £325), a combined inflow of £31,841 (2023– outflow £15,445).

Transfers between funds

A transfer of £9,400 (2023 - £7,577) has been made from the General Fund to the Restricted Funds for Christian workers to supplement the gifts made to them.

As a result of the overall inflow, total funds have increased, and at 31 August 2024 stood at £230,440 (2023 - £198,599).

Reserves policy

There is an intention to hold cash reserves equivalent to 3 months operating costs. There is no policy for building up further unrestricted reserves in the Church, unless for a specific major project being planned. Where there is a surplus in any one year it will normally be utilised in the following year.

Risk assessment

The trustees have reviewed the major risks to which the charity is exposed and have established systems to mitigate those risks, including a full set of Policies and Procedures which are reviewed regularly. We are also aware of our child protection responsibilities and all those working with children or vulnerable adults are registered under the PVG scheme. Our Safeguarding Policy is reviewed regularly, with training provided for all those who work with children or vulnerable adults. All those preparing food have a food hygiene certificate. We comply with the requirements of the General Data Protection Regulations.

Trustees’ responsibilities

Charity law requires the trustees to prepare financial statements each year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements, which they are responsible for preparing, comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

The applicable law also sets out trustees’ responsibilities for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustees on 16 January 2025 and was signed on their behalf by

Trustee

Page 4

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BRUNTSFIELD EVANGELICAL CHURCH SCIO (Registered charity number SC049393)

I report on the accounts of the charity for the year ended 31 August 2024, which are set out on pages 5 to 12.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply.

It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulation 2006.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In the course of my examination, no matter has come to my attention,

  1. which gives me reasonable cause to believe that in any material respect the requirements:  to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

  2. to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006

  3. Accounts Regulations have not been met, or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 27/05/2025

Page 5

BRUNTSFIELD EVANGELICAL CHURCH SCIO STATEMENT OF FINANCIAL ACTIVITIES (incorporating Income & expenditure Account) YEAR ENDED 31 AUGUST 2024

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2024 2024 2024 2023
Notes £ £ £ £
Income:
Donations & grants 4 145,006 96,143 241,149 193,328
Investment income 5 23,859 - 23,859 23,956
Total income 168,865 96,143 265,008 217,284
Expenditure:
Charitable activities 6 184,935 48,232 233,167 232,729
Total expenditure 184,935 48,232 233,167 232,729
Net income / (expenditure) - 16,070 47,911 31,841 - 15,445
Transfers between funds 8 - 9,400 9,400 - -
Net movement in funds - 25,470 57,311 31,841 - 15,445
Reconciliation of funds:
Total funds brought forward 75,863 122,736 198,599 214,044
Total funds carried forward 12 50,393 180,047 230,440 198,599
----- End of picture text -----

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities.

Page 6

BRUNTSFIELD EVANGELICAL CHURCH SCIO BALANCE SHEET AT 31 AUGUST 2024

----- Start of picture text -----
2024 2023
Notes £ £
Fixed assets:
Tangible assets 9 115,630 119,382
Current assets:
Debtors 10 12,851 10,664
Cash at bank and in hand 104,973 72,099
Total current assets 117,824 82,763
Liabilities:
Creditors: amounts falling due within one year 11 3,014 3,546
Net current assets 114,810 79,217
Total assets less current liabilities 230,440 198,599
Total net assets 13 230,440 198,599
The funds of the charity:
Restricted income funds 12 180,047 122,736
Unrestricted income funds 12 50,393 75,863
Total charity funds 230,440 198,599
----- End of picture text -----

The accounts were approved by the trustees on 2025 and signed on their behalf16 January by Ian Naismith.

BRUNTSFIELD EVANGELICAL CHURCH SCIO NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024

Page 7

1. GENERAL INFORMATION

The charity is a registered charity in Scotland and is incorporated as a SCIO. The address of the principal office is 70 Leamington Terrace, Edinburgh EH10 4JU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, “The Financial Reporting Standard applicable in the UK and the Republic of Ireland”, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

The charity meets the definition of a public benefit entity.

3 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical basis.

The financial statements are prepared in sterling, which is the functional currency of the charity. Going concern

There are no material uncertainties concerning the charity’s ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined by FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable in the circumstances.

Fund accounting

The charity has both restricted and unrestricted funds. Further details of each fund are disclosed in Note 12. Funds held by the charity are either:

Unrestricted income funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds – these are funds which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Income

Grants and donations are accounted for when their receipt is probable. Grants received for capital expenditure are credited to a restricted fund against which the depreciation of the relevant assets is charged.

BRUNTSFIELD EVANGELICAL CHURCH SCIO NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024

Page 8

ACCOUNTING POLICIES (continued)

Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, when the liability has been legally incurred and the amount can be reliably calculated.

Charitable expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services to its beneficiaries. It includes both costs which can be allocated directly to such activities and those costs of an indirect nature necessary to support them .

Governance Costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.

Fixed assets

The church building in Leamington Terrace is owned by the SCIO, having been transferred from the previous unincorporated charity at 1 September 2019. It was purchased by the unincorporated charity in 1967 and its cost or value is not included in the accounts. It is considered to be a heritage asset. Improvements to the building since 2006 are included in fixed assets at cost less depreciation. An indication of the value of the building is given in the Fixed Assets note which states the insurance value.

Furniture and equipment is capitalised and depreciated over the useful lives of the assets where the cost of individual items exceeds £1,000, unless there have been specific donations received to purchase the items. In the latter case the cost of the item is treated as an expense in the year in which it is incurred and the donation as income in the year.

Depreciation

Depreciation is provided on the cost of building improvements since 2006 and on equipment, and is calculated to spread the cost over the estimated lives of the assets on a straight line basis at the following rates:

Building improvements 5% per annum Equipment 10% per annum Computers 25% per annum

4 DONATIONS & GRANTS

Donations (including gift aid tax)
Legacies
Grants
Other receipts
Year ended 31August 2023		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
133,662
94,643
228,305
182,841
500
0
500
0
0
1,500
1,500
1,000
10,844
0
10,844
9,487
145,006
96,143
241,149
193,328
167,178
26,150
193,328

Page 9

BRUNTSFIELD EVA NGELICAL CHURCH SCIO NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024

5
INVESTMENT INCOME
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
Rental income
7,716
0
7,716
7,836
Short term room lets
16,016
0
16,016
15,489
Bank interest
127
0
127
631
23,859
0
23,859
23,956
6
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
7,716
0
7,716
7,836
16,016
0
16,016
15,489
127
0
127
631		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
7,716
0
7,716
7,836
16,016
0
16,016
15,489
127
0
127
631
23,859
0
23,859
23,956
£
£
£
£
Gifts made to Christian workers
Building upkeep & equipment
Building improvements depreciation
Meetings expenses		 0
18,600
18,600
16,573
44,166
4,100
48,266
52,377
0
13,731
13,731
13,192
140,169
11,801
151,970
149,987
Governance costs 600
0
600
600
Year ended 31 August 2023
Number of Christian workers supported:
Organisations
Individuals
7
EMPLOYEES
Wages
Employer's NI
Employer's pension scheme		 184,935
48,232
233,167
232,729
190,809
41,920		 232,729
2024
2023
3
3
7
7
118,551
0
118,551
118,615

No employee received in excess of £60,000 in the year. An employment allowance from HMRC amounting to £4,955 (2023 - £4,534) to offset employer's NI costs is included in Other Receipts.

There were 3 employees engaged on a full time basis and 5 on a part time basis. (2023 - 2 full time & 4 part time).

No trustee received remuneration from the charity during the year (2023 - Nil). No trustee was reimbursed for personal expenditure by the charity during the year (2023 - Nil). Remuneration and benefits received by key management personnel amounted to £61,866 (2023 - £66,879).

BRUNTSFIELD EVANGELICAL CHURCH SCIO NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024

Page 10

8 GROSS TRANSFERS BETWEEN FUNDS

----- Start of picture text -----
Unrestricted Restricted
funds funds
£ £
Year ended 31 August 2024
Supplement to gifts for Christian workers to eliminate deficit. (9,400) 9,400
Year ended 31 August 2023
Supplement to gifts for Christian workers to eliminate deficit. (8,125) 8,125
9 TANGIBLE FIXED ASSETS
Building
improvements Equipment Total
£ £ £
Movements in year:
COST
Brought forward 279,986 46,284 326,270
Additions 10,787 0 10,787
Carried forward 290,773 46,284 337,057
DEPRECIATION
Brought forward 160,604 46,284 206,888
Charge for year 14,539 0 14,539
Carried forward 175,143 46,284 221,427
NET BOOK AMOUNTS
Carried forward 115,630 0 115,630
At 31 August 2023 119,382 0 119,382
The insured value of the property is in excess of £10,000,000 on a reinstatement basis.
10 DEBTORS
2024 2023
£ £
Accrued income & prepayments 12,851 10,664
----- End of picture text -----

Page 11

BRUNTSFIELD EVANGELICAL CHURCH SCIO NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024

----- Start of picture text -----
11 CREDITORS
Amounts falling due within one year: 2024 2023
£ £
Sundry creditors 3,014 3,546
12 MOVEMENTS IN FUNDS
At 31 August
Current year 2023 Income Expenditure Transfers At 31 August 2024
£ £ £ £ £
Restricted funds:
Building fund 73,928 72,915 14,498 0 132,345
Christian workers fund 0 9,200 18,600 9,400 0
Basics Bank fund -848 14,028 11,801 0 1,379
Lift fund 46,609 0 3,333 0 43,276
H D Balfour fund 3,047 0 0 0 3,047
122,736 96,143 48,232 9,400 180,047
Unrestricted funds 75,863 168,865 184,935 (9,400) 50,393
Total funds 198,599 265,008 233,167 0 230,440
At 31 August
Previous year 2022 Income Expenditure Transfers At 31 August 2023
£ £ £ £ £
Restricted funds:
Building fund 75,037 8,750 9,859 0 73,928
Christian workers fund 0 8,448 16,573 8,125 0
Basics Bank fund 2,355 8,952 12,155 0 -848
Lift fund 49,942 0 3,333 0 46,609
H D Balfour fund 3,047 0 0 0 3,047
130,381 26,150 41,920 8,125 122,736
Unrestricted funds 83,663 191,134 190,809 (8,125) 75,863
Total funds 214,044 217,284 232,729 0 198,599
----- End of picture text -----

BRUNTSFIELD EVANGELICAL CHURCH SCIO NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024

Page 12

12 MOVEMENTS IN FUNDS (continued)

PURPOSE OF RESTRICTED FUNDS Building fund: Christian workers fund:

Funds donated for improvements to the building. Funds donated for the support of Christian workers abroad and in the U.K.

Basics Bank fund: Funds donated to purchase supplies for the Basics Bank. Lift fund Funds donated for the provision of a lift to the upper floor. H D Balfour fund Fund established by a gift received for specific children's and gospel work.

13 ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS

Tangible fixed assets
Current assets
Creditors: amounts falling due
within one year		 Restricted funds
Unrestricted
funds
Total funds
Total funds
2024
2024
2024
2023
£
£
£
£
108,529
7,101
115,630
119,382
72,233
45,591
117,824
82,763
(715)
(2,299)
(3,014)
(3,546)
180,047
50,393
230,440
198,599

14 TRANSACTIONS WITH RELATED PARTIES

Transactions with related parties in the year which require disclosure are as follows:

Remuneration of
)		 2024
2023
£
£
13,559
22,542