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2025-03-31-accounts

GRACE BAPTIST CHURCH ABERDEEN TRUSTEES REPORT & FINANCIAL STATEMENTS FOR PERIOD OF 1 APRIL 2024 – 31 MARCH 2025

Registered Charity No. SC049753

Trustees Report & Financial Statements Period ending 31/03/2025

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Charity Name Grace Baptist Church Aberdeen

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Charity Number SC049753

Trustees:

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Independent Examiner:

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Trustees Report & Financial Statements Period ending 31/03/2025

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1.0 TRUSTEES REPORT

For the period ending 31* March 2025 (31/03/2025).

1.1 Constitution

Grace Baptist Church — Aberdeen was constituted as a church on 20 July 2019 and has been a registered Charity since 11 November 2019.

1.2 Trustees

The Trustees are appointed in accordance with the constitution.

2.0 OBJECTIVES AND ACTIVITIES

2.1 Charitable Purposes

The charity’s purpose is the advancement of religion. The principal object of the charity is the advancement of the Christian faith according to Baptist principles and in accordance with the Basis of Faith found in the 1689 Baptist Confession of Faith.

2.2 Summary of Activities

As an outworking of this purpose, Grace Baptist Church seeks to be a community that serves the city of Aberdeen. The church’s strategy for accomplishing and fulfilling its charitable objective, focuses on the activities undertaken through its various ministry area highlighted below:

Trustees Report & Financial Statements Period ending 31/03/2025

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3.0 ACHIEVMENTS & PERFORMANCE REVIEW

Grace Baptist Church Aberdeen has continued to grow in both membership and Gospel outreach, with a number of encouraging developments across its ministries. The following is a summary of key achievements and performance over the past period:

Note: The Little Steps toddler group and the Young Adults group are currently on temporary hold.

4.0 PUBLIC BENEFIT

The activities outlined above provide public benefit in accordance with the guidance issued by the Office of the Scottish Charity Regulator (OSCR). Grace Baptist Church Aberdeen ensures that its work contributes meaningfully to the wider community through the following:

Trustees Report & Financial Statements Period ending 31/03/2025

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5.0 FINANCIAL REVIEW

The total income for the period was £251,914 (£128.615 as restricted funds and £123,299 as unrestricted funds). The total expenditure for the period amounted to £307,268 (£247,244 as restricted funds and £60,024 as unrestricted funds) resulting in a deficit of £55,353* for the financial year.

The primary source of funding comes from the regular donations of church members, collections during services, and various grant sources.

The largest expenditure for this financial period has been the costs associated with the purchase and refurbishment of the new building (Woodside Parish Church) followed by ongoing building maintenance and upkeep. There has also been a significant increase in donations, primarily attributed to the establishment of a restricted fund for the new building project.

All services held by Grace Baptist Church are free of charge, ensuring that the message of the Gospel is offered without obligation. However, those who attend regularly are encouraged to contribute to the church’s work, as giving is both encouraged and exemplified in the Bible.

*[t is important to note that the deficit for the year is not a cause for concern. This shortfall is primarily due to the purchase and refurbishment of the new building (Woodside Parish Church), which has been carefully budgeted for. While there is a deficit, the church has planned for this and has a financial cushion in place.

6.0 RESERVES POLICY

The church’s reserves policy is to maintain sufficient free reserves to enable it to meet its short-term financial obligations in the event of an unexpected revenue shortfall to allow the church to be managed efficiently and to provide a buffer to ensure uninterrupted activities for the church.

7.0 PLANS FOR THE FUTURE

The church plans to continue the ministry groups that have been established with a view to exploring further opportunities to reach and support people in our local community.

Approved by the Trustees and signed by:

ROLE: TRUSTEE (TREASURER) DATE: 01/05/2025

Trustees Report & Financial Statements Period ending 31/03/2025

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STATEMENT OF RECEIPTS & PAYMENTS For the period 1 April 2024 to 31 March 2025

.
Receipts
Unrestricted
Funds
Restricted
Funds
Total funds
.
currentperiod
Total funds
.
.
previous period
£ £ £ £
Donations 106,799 128,615 235,414 120,461
Grants 19,125
Rent 16,500
Gross Trading Receipt 56
Initial Receipts
Total Receipts 123,322 128,615 251,937 139,586
Payments
Payments relating
directlytocharitable 44.968 247,244 37,917
activities
Grants and donations 15,056 2.934
TotalPayments 60,024 247,244 307,268 40,851
Netreceipts/payments 63,298 (118,638) (55,340) 98.735
Transfers between
funds
Surplus/Deficit
mp ias en
foryear
63,298 (118,638) (55,340) 98,735

Trustees Report & Financial Statements Period ending 31/03/2025

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STATEMENT OF BALANCES

For the period 1 April 2024 to 31 March 2025

Unrestricted
Funds
RestrictedFunds Totalfunds
currentperiod
£ £ £
Openingcash atbank
and in hand
74,649 78,542 153,191
Surplus for the period 63.298 (118.638) (55,362)
Closing cash atbank
andinhand
137,947 (40,096) 97,851

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Bank Current Account £97,851
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Approved by the Trustees and signed by:

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SIGNED: a
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ROLE: TRUSTEE DATE: 01/05/2025

Trustees Report & Financial Statements Period ending 31/03/2025

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NOTES TO THE ACCOUNTS

For the period 1 April 2024 to 31 March 2025

1. BASIS OF ACCOUNTING

These accounts have been prepared on a Receipts and Payments basis, in compliance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

2. NATURE AND PURPOSE OF FUNDS

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charity's objectives. The trustees maintain a single unrestricted fund to support the day-to-day operations of the charity. Restricted funds are designated for specific purposes as determined by the donor or when funds are raised for particular activities or projects.

3. RELATED PARTY TRANSACTIONS

No remuneration was paid to the trustees or any connected persons during the period.

4. COST OF CHARITABLE ACTIVITIES

Unrestricted
Funds
Restricted Funds Total Costs
£ £ £
Building (Gas & Electric) 5,721 5,721
Building (General & Maintenance) 9,219 9,219
Insurance 831 831
Employment (Pension) 1,198 1,198
Employment (Salary) 24,781 24,781
Poverty Financial Support
Speaker Fee
Marketing
Ministry Admin 1,830 1,830
Building Project (inc. purchase) 246,001 246,001
Event Costs (Church Conference) 1,388 1,388
Church Retreat 1,243 1,243

Trustees Report & Financial Statements Period ending 31/03/2025

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5. UNRESTRICTED FUNDS

5. UNRESTRICTED FUNDS
Opening
Balance
Incoming
Resources
Outgoing
Resources
Transfers Closing
Balance
£ £ £ £ £
74,649 123,322 60,024 137,947
6. RESTRICTED FUNDS
Opening
Balance
Incoming
Resources
Outgoing
Resources
Transfers Closing
Balance
£ £ £ £ £
Restricted Funds 78,542 128,615 247,253 (40,096)

Trustees Report & Financial Statements Period ending 31/03/2025

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INDEPENDENT EXAMINER REPORT

For the period 1 April 2024 to 31 March 2025

Independent Examiner’s Report to the Trustees of Grace Baptist Church, Aberdeen

I report on the accounts of Grace Baptist Church for the period from 1 April 2024 to 31 March 2025, which are set out on pages 1 to 9.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for preparing the accounts in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The trustees have determined that the audit requirements of Regulation 10(1)(d) of the 2006 Accounts Regulations do not apply. It is my responsibility to examine the accounts under section 44(1)(c) of the Act and to report if any matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. This examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees regarding any such matters. The procedures undertaken in an independent examination do not provide the full evidence required in an audit, and therefore, I do not express an audit opinion on the accuracy or completeness of 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:

  2. § to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations

  3. § to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

have not been met, or

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

Name:

Relevant Professional Qualification: CTA Qualified – Chartered Institute of Taxation (CIOT) Address:

Date: June 2025

Trustees Report & Financial Statements Period ending 31/03/2025

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