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2024-09-30-accounts

Annual Report & Accounts 2023 2024 RBE BAPTIS

Larbert Baptist Church SCIO Annual Report & Accounts 2023/2024

Trustees

Address Main Street Larbert Stirlingshire FK5 3AS

Charity Registration Number

SC049607

Independent Examiner

Beancross Road Grangemouth FK3 8WX

Bankers

Virgin Money 1 Bank Street Falkirk FK1 1NB

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CONTENTS

CONTENTS
Page(s)
Trustees’ Report 4-5
Statement of Trustees’ Responsibilities 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10-16

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Trustees’ Report

The Trustees present the annual report together with the financial statements of the Charity for the year ended 30 September 2024. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice 2015 applicable to charities preparing their accounts under FRS102, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Structure, governance and management

Larbert Baptist Church SCIO operates where Elders and Deacons are elected by the Church to ensure the spiritual and practical needs of the Church are met. The Deacons and Elders are those which form the basis of the Trustees to ensure the Church also operates within the required OSCR regulations. The Church members have the final say on main matters of business at the business meetings held.

On 13 September 2019 Larbert Baptist Church SCIO was registered with the Office of the Scottish Charity Regulator under charity number SC049607.

Nature of governing document

The Church is a Scottish Charitable Incorporated Organisation with the purpose of the advancement of religion. The Church has appointed a leadership team, comprising Elders and Deacons, to manage the day-to-day activities. The Church is an independent fellowship affiliated to the Baptist Union of Scotland.

Organisational structure

See above on structure, governance and management.

Major risks and management of those risks

The Trustees regularly consider the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities

The constitution of the Church has the following purpose statement:

The advancement of the Christian faith primarily in Larbert and Stenhousemuir and also throughout Scotland and the rest of the World by all means consistent with the teachings of the Christian Bible, including worship, ministry, mission, prayer, witness, education, community service and the support of agencies and individuals and other charitable organisations involved in Christian missionary work and the relief of poverty or other social needs.

This is fulfilled through the following ministries:

Achievements and performance

The Church experienced a transitional year, with the appointment of a new pasto September 2023. All of the ministries of the Church were achieved during the year.

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Financial review

Income totalled £68,241, generated by offerings and other donations. Expenditure incurred supported the Church ministries, including the cost of a pastor of £37,938.

Reserves policy

It is the policy of the church to maintain cash reserves at a level of three months of expenditure.

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Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Trustees are required by the law applicable to charities in Scotland to prepare financial statements for each financial year which give a true and fair view of the Charity’s state of affairs and its incoming resources and application of resources for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with 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 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended). They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf

………..

Jun 14, 2025

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Independent Examiner’s Report to the Trustees of Larbert Baptist Church SCIO

I report on the accounts of the Charity for the year ended 30 September 2024 which are set out on pages 8 to 16.

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 (as amended). The Charity’s Trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 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 Report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 seeking explanations from you as 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 connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

Have not been met; or

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

……………..

Jun 16, 2025

Chartered Accountant Drummond Laurie 42 Stirling Street Denny FK6 6DJ

page 7 of 16

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR TO 30 SEPTEMBER 2024

Unrestricted Restricted Total
funds funds 2024 2023
Note £ £ £ £
Income and resources from
generated funds:
Voluntary income 2 61,389 - 61,389 59,217
Incoming resources from
charitable activities 3 964 5,888 6,852 7,405
Total incoming resources 62,353 5,888 68,241 66,622
Resources expended:
Cost of generating funds 4 (545) - (545) (794)
Charitable activities 5 (64,200) (5,946) (70,146) (55,346)
Governance costs 6 (601) - (601) (874)
Total expenditure (65,346) (5,946) (71,292) (57,014)
Transfer between funds - - - -
Net movement in funds (2,993) (58) (3,051) 9,608
Reconciliation of funds
Total funds brought forward 345,305 1,218 346,523 336,915
Total funds carried forward 14 342,312 1,160 343,472 346,523

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BALANCE SHEET

AS AT 30 SEPTEMBER 2024

BALANCE SHEET
AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 10 308,981 308,399
Current assets
Debtors 11 8,568 8,504
Cash at bank and in hand 26,903 32,081
Total current assets 35,471 40,585
Creditors: amounts falling due within
one year
Trade and otherpayables 12 (980) (2,461)
Net current assets 34,491 38,124
Net assets 343,472 346,523
Funds
Unrestricted funds 13 342,312 345,305
Restricted funds 13 1,160 1,218
Total funds 343,472 346,523

The financial statements on pages 8 to 16 were approved by the Church, and authorised for issue and signed on their behalf by:

……………..

Jun 14, 2025

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NOTES RELATING TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice 2015 applicable to charities preparing their accounts under FRS102, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Going concern

The Trustees have considered the assets and liabilities of the Charity, together with the phased budget agreed by the church members, for the year ended 30 September 2025 and concluded that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Funds

Unrestricted funds are general funds available for use at the Trustees’ discretion in furtherance of the objectives of the Charity. Designated funds are unrestricted and set aside for specific purposes at the discretion of the Trustees.

Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but within the objects of the Charity.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the statement of financial activities in the period to which they relate.

Incoming resources

Donations and gifts are included within incoming resources when the Charity has entitlement to the income and it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be easily measured.

Charitable activities

Income from charitable activities is recognised as the related goods and services are provided and where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income from charitable activities includes income received under contract and grant funding to specific service conditions.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. Expenditure is recognised on an accruals basis.

Cost of generating funds

The costs incurred in attracting voluntary income, the management of investments, and trading activities are attributable to raising funds.

Charitable activities

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

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Governance costs

Costs attributable to the Charity’s compliance with constitutional and statutory requirements are included in governance costs. These include cost and expenses for accountancy, payroll fees and legal fees.

Support costs

Support costs relate wholly to one charitable activity and are not separately identified.

Tangible fixed assets

Freehold property is included at market value, with the Church adopting a policy of revaluation every five years where practicable. Freehold property has been included at market value as no records exist to allow a historical cost basis to be used. All expenditure on additions, improvements and replacements is capitalised above a threshold of £100. Expenditure on repairs and renewals is charged to the statement of financial activities as it arises.

Freehold buildings are not depreciated as the Trustees are of the opinion that the buildings will appreciate in value and therefore no depreciation charge should apply.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Freehold building Nil Fixtures, fittings & equipment 10%-33% straight line

Taxation

The Church is recognised as a charity for the purposes of applicable taxation legislation and is not subject to taxation on its charitable activities. The Charity is not registered for VAT and expenditure includes irrecoverable VAT.

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2 VOLUNTARY INCOME

Unrestricted Restricted Total
funds funds 2024 2023
£ £ £ £
Offerings 49,550 - 49,550 47,950
Tax recovered on Gift Aid 11,839 - 11,839 11,267
61,389 - 61,389 59,217

3 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

Unrestricted Restricted Total
funds funds 2024 2023
£ £ £ £
BMS - - - 383
Romania - 1,846 1,846 2,088
CAP - 2,266 2,266 2,152
Shine and Thrive - 350 350 788
Falkirk Council - Lunch Club - 840 840 1,240
Other 964 586 1,550 754
964 5,888 6,852 7,405

4 COST OF GENERATING FUNDS

Unrestricted Restricted Total
funds funds 2024 2023
£ £ £ £
Pathfinders 545 - 545 411
BMS - - - 383
545 - 545 794

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5 EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted Restricted Total
funds funds 2024 2023
£ £ £ £
Pastor salary and pension 37,938 - 37,938 14,784
Baptist Union Scotland 1,554 1,554 1,554
Shine and Thrive - 408 408 330
Pastor expenses 1,898 - 1,898 8,044
Training 1,145 - 1,145 -
Travel expenses 127 - 127 -
Window cleaning 390 - 390 390
Pulpit supply 2,200 - 2,200 3,600
Repairs and maintenance 3,581 - 3,581 4,400
Rates 61 - 61 -
Heat and light 5,585 - 5,585 4,788
Insurance 1,731 - 1,731 1,545
Telephone and broadband 912 - 912 505
Depreciation 2,168 - 2,168 2,340
Romania 36 1,846 1,882 4,304
Christians Against Poverty - 2,266 2,266 2,192
Larbert Churches Youth Trust 550 - 550 550
Consumables 434 840 1,274 1,040
Licences 1,170 - 1,170 1,085
Community Help 51 - 51 762
Books, publicity and literature 819 - 819 76
Sundry expenses 1,850 586 2,436 1,392
Donations - - - 1,031
Induction and Thanksgiving
services - - - 634
64,200 5,946 70,146 55,346

6 GOVERNANCE COSTS

GOVERNANCE COSTS
2024 2023
£ £
Payroll fees 241 274
Independent Examiner’s fee 360 600
601 874

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7 TRUSTEE REMUNERATION AND EXPENSES

2024 2023
£ £
Pastor salary 37,019 14,454
Pension costs 920 330
Pastor expenses 1,898 8,044
39,837 22,828

as a Trustee of Larbert Baptist Church SCIO, having resigned on 26 March 2023. During charity incurred on behalf commodation rent of £nil (2023: £5,055), council

tax contributions of £nil (2023: £1,381).

rustee of Larbert Baptist Church SCIO. During the year, the charity incurred council of £1,898 (2023: £nil) on his behalf. The charity incurred removal costs of £nil (2023: £1,608) on behalf of E Goodall.

8 STAFF COSTS

The aggregate payroll costs were as follows:

STAFF COSTS
e aggregate payroll costs were as follows:
2024 2023
£ £
Wages and salaries 37,019 14,454
Pension costs 920 330

The average number of employees during the year was 1 (2023: 1).

No employee received emoluments of more than £60,000 during the year. Amounts paid to key management personnel are included in note 7.

9 INDEPENDENT EXAMINER’S FEE

NDEPENDENT EXAMINER’S FEE
2024 2023
£ £
Examination of the financial statements 360 600

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10 TANGIBLE FIXED ASSETS

Fixtures,
Land and fittings and
buildings equipment Total
£ £ £
Cost
At 1 October 2023 300,000 13,829 313,829
Additions - 2,750 2,750
At 30 September 2024 300,000 16,579 316,579
Depreciation
At 1 October 2023 - 5,430 5,430
Charge foryear - 2,168 2,168
At 30 September 2024 - 7,598 7,598
Net book value
At 30 September 2024 300,000 8,981 308,981

The land and buildings were valued on 11 October 2018 by Graham & Sibbald Chartered Surveyors.

11 DEBTORS

11 DEBTORS
2024 2023
£ £
Prepayments 2,165 2,505
Gift aid receivable 6,403 5,999
8,568 8,504

12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 2023
£ £
Accruals and deferred income 980 2,461
980 2,461

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13 FUNDS

Balance at Balance at 30
1 October Incoming Resources September
2023 resources expended T’fer 2024
£ £ £ £ £
Unrestricted funds
General funds 345,305 62,353 (65,346) - 342,312
Restricted funds
Romania - 1,846 (1,846) - -
Christians Against Poverty - 2,266 (2,266) - -
Shine and Thrive 1,218 350 (408) - 1,160
Falkirk Council - Lunch Club - 840 (840) -
Other - 586 (586) - -
1,218 5,888 (5,946) - 1,160
Total funds 346,523 68,241 (71,292) - 343,472

The Romania fund represents the income and expenditure of the Charity supporting the church in Turnu Magurele, Romania.

The Christians Against Poverty fund represents the support of the Forth Valley CAP partnership. Shine and Thrive is a ministry to support ongoing work with young girls.

Falkirk Council – Lunch club – amounts provided for meeting the ongoing costs of the ministry. Other – amounts donated for Street Pastor training and Leadership team away day.

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted Total
funds funds funds
£ £ £
Tangible fixed assets 308,981 - 308,981
Current assets 34,311 1,160 35,471
Creditors fallingdue within oneyear (980) - (980)
342,312 1,160 343,472

15 RELATED PARTY TRANSACTIONS

During the year, the charity paid payroll and licence costs of £320 (2023: £nil) to Advanced Accounting (Scotland) Limited, a company controlled by a Trustee.

During the year, the charity paid maintenance costs of £450 (2023: £nil) to Nexen Solutions, an entity controlled by a Trustee.

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