Scottish Charity No. SC050304 Ladywell Baptist Church Livingston Trustees ' Report and Financial Statements For the year ended 3 l August 2024 |+P Innes & Partners Chartered Certified AccrAJntant5
Ladywell Baptist Church Livingston CottteDts of tbe Financial Statementsfor ihe year ended 31 August 2024 Page R¢p)rt of the Trustees Report of the Independent Examiner R¢c¢ipls and Payments Account Statement of Balances Not¢s to the Financial Statements
Ladywell Baptist Church Livin ston Report of tbe Tru5teesfor (he year ended 31 Augusi 2024 The Trustees are pleased to present their reFKYrt together with the financial statements of the church for the year endd 31 August 2024. Status ofcbarity 2nd governing do¢ument Ladywell Baplist Church Livingston was established by constitution and registered as a Scottish Charitable Incorporated Organisation (SCIO) - Charity No-. (SC050304) with the Office of the Scottish Charity Regulator on the 20, July 2020. and consent was given to wind upldissolve Livingston Baplisl Church Ladywell Congregation (SCO18932) on 25 Novemb¢r 2020. All assets were duly transferred from the Unincorpordted Voluntary Association lo the SCIO on 4 March 2021. Bankers Virgin Money Caimgorni House Almondvale Boulevard Livingston EH54 6QL Aims Ind AifiliAtion The aims of the church are in line with ils Mission Statement - The making and Marlg of dCipleS ol Jesus Chrisl in ihe power of ihe Holy Spiril lo ihtt glory of God. The church is affiliated to the Baptist Union of Scotland. The aims also include the advancement of education. alon8 With the lief of pov¢rty and other social needs, including the support of individuals and other chariiable organisations and agencies involved in any or 811 of these. Trustees and 01¢¢ BearerJ The church is congregational in policy and its day to day running is undertaken by the Deacons Court (the TrLlStce%). The Dc<icon.s Couit who served diiriiiA IIIL ycai" were as follows.. Appointment of Trustee8 There is no fixed terni for Trusteeship but initially all Trnstees have to be appointed as a deacon. Dea¢ons are elected on a three year rolling basis. Prior to their appointmen( Iiew Trustee5 would hav¢ seryed the church for some time in v2rious roles and would b¢ familiar with ihe church's values, ils aims and objectives as well as its day-to-day operations. A5 part of their induction progrMmm4 new Trustees re required to undersland their statutory responsibilities. Achievements and performance Worship Durin8 the 2023-2024 accounting year we were very fortunate to celebrale 6 baptisms and be joined by l O new members. In response to this growin8 number of n¢w people we started njnning Hope Explored and Christianity Explored. Uur L'ommunity and a Youth and Children's Workers (both part-time), facilitat¢ the running of our current programs and develop new areas of ministry in the church and the local community. Page I
Ladywell Baptist Church Livingston Report of the Trustetsfor iheyear ended 31 Augusi 2024 Aehievements and perforni2nee(continued) You¢h und Children's Work In addition to our regular creche. Sunday school and youth fellowship. all with a good number of children and young people participating. We also ran an annual holiday club (this year over 75 children attended) and a weekly children's club called BLAST (a building block from holiday club) on Tuesday evening attended by around 40, mainly local. children. We also run a weekly parent and toddler group, which was relaunched this year under the new name, Little Li8hts. Over the past year we started a weekly after school club in Mid Calder Primary School. Ignile. Community work We eonlinu¢d to run ihe Ladywell Community Fridge from our church building every Friday, feeding around 120 people weekly. It provided an ¢ssential support to local families who were stru881ing with the rising cost of living. In the spring of 2024, we changed the forn)at from a general food bank Éo a Friday Community Cafe. offering a wami space with a soup & sandwich lunch. the food bank element being greatly redu¢ed. We partnered with Bethany Christian Tntsl's Caring Christmas Trees, serving as the Livingston sile, each year raising money lo support work among Scotland's homeless people. Future plans Balancing our desire to build up and strengthen the church and reach out to the local community over the next year we plan to continue with our current work and hope lo expand. Creale more pathways for local residents and families ¢0 connect with our church through low cost or free a¢tivilies in order lo increa%e spiritual and mental wellbeing. increase social connections and bring hope. The sile next d(X)r lo us has recently had plans for new flats approved. We see ihis as a great opportunity to connect with residents right on our doorstep. Develop and train volunteers in order to increase what we cutTently off¢r. Strengthening relationships with local schools and offering increased provision. We have already established an after-s¢hool group in Mid Calder primary and we are in talks to offer a similar group at Toronto Primary. We have also recently had groups come from Harysmuir Primary to visit the church as part of their IiME and we will ofY¢r this to more schools. Increasing discipleship opportunities such as Discipleship Explored, Life Explored and Hope Explored. Widen Christian partnerships, for example partner with S¢riplure Union (to slart SU groups and deliver Bible Alive locally) and work with Livingston Ecumenical Parish to offer approved schools programm¢s such as 'Bubblegum and Flu and 'Easter Cod¢, lo local schools as part of their religious observance. Financlal review Principal sources olJunding The church receives its funding from church members by way of weekly offerings and Gift Aid donation5. Re5ultsfor iheyear The financial stat¢ments for the year are sel out in pages 4 to 7. The Receipts and Payments Account on page 4 reflects a surplus of £7.047 (2023:deficit of £3,072). Page 2
Ladywell Baptist Church Livingston Report of the Trusteesfor ¢he year ended 31 Augug12024 Reserves It is the p)licy of the church to maintain unrestricted nds, i.e. funds not committed or invested in fixed assets, al a level which ¢qual¢s to hpproximately three months unrestri¢led expenditure. This allows suITicient funds to enable the ongoing work of the church to be maintained. The General Fund (page 4) at 31 August 2024 amounted to unrestricted funds of £17,888 {2023.. £9.199) and was less than the required level bul the trustees are working to increase gellerdl reserve5. Total reserves, including balances on stricted funds, amounted to £21.086 (2023.. £14,039). Grant maklng policy The church makes grants from its gift income to individuals and organisations that are genernlly known to the Trustees and the church (see note 4 to the accounts). The beneficiarie5 are involved in activitie5 or minislries compatible with the church's objectives. On beIlI ofihe Trvslees . 2025 Page 3
Ladywell Baptist Church Livingston Report of the Independent Examlner to the Trusteesfor rheyeor ended 31 Awst 2024 I report on the accounts of the charity for the year ended 31 August 2024 which are set out on pages 4 to Respectlve responslbllltles of trustees and examlner Thc charity's trustees are responsible for the prepardlion of the accounts in accordance with the temis of the Charities and TNslee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2(M)6 (as amended). The charity trustees consider that the audil r¢quirem¢nt of Regulation 10{1 ) (d) of the Accounts Regulations does not apply. It is my resFrt)nsibility to examine the accounts as required under section 4411) (c) of the Aci and to stst whether particular matters have come to my attention. Basis of Independent examlner's stAtement My examination is carried out in accordance with Regulation I l of the Charities Accounts {Scotland) Regulaiions 2006 (as amcnded). An examination includes a review of the accoun(ing records kept by the charity and a cornparison of the accounts presented with thos¢ rccords. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from Ihe trustees concerning such matters. The procedures uttdertaken do not provide all the ¢vidence that would be required Tn an audit. and cons¢quently I do not express an audit opinion on the view given by the account$. Independent Examlner's statement In Ihe course of my examination, no matt¢r has come to my attention l. which gives me reasonable caus¢ to believe that in any maierial re5P¢¢t th¢ reguiremenls.. lo keep acLounting records in a¢cordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and to prepare accounts which accord with the ac¢oun¢ing records and comply with Regulation 9 of the 2006 Accounts RcgLdations (as amended) have not b¢en met, or 2. to which, in my opinion, attention should be drawn in order to eftabl¢ a proper understanding of th¢ accounts lo be re&ched. Innes & Partn¢rs Liniiled Chartered Certified Aecountants Innes House 18 Shairps Bu5ine5s Park Houstoun Road Livingston EH54 5FD Date.. 2025 Innes & Partners Page 4 l+P Cknarterod Cortified A¢couniantg
Ladywell Baptist Church Livingston Receipts and Payments Accounts For th¢ y¢ar ¢nd¢d 31 August 2024 Unrestritted funds General Deslgnated fund CliDds Note5 Restricted nds Total 2024 Total 2023 Receipts Gift Aid givings Gift aid tax recovered Offering5 Donations Concffts Rental Income Comrnunity Fridge income Investment Income G¢n¢raling Activities Interest received 40.841 10,664 9,917 9.865 180 573 40,841 10,664 10.936 9,865 180 573 3,569 27,102 40.577 9.642 20.236 4,742 1.019 24 5,476 759 142 636 3.569 27,162 404 404 Total recelpts Plymtnts Paymenljfor chdrlioble ocilvliles Staff costs Pastor expenses Pulpit supply and expenses Hot and IL8ht Repairs and maintainance Insurance '. Church and mAnse Church cleanin8 Telephone OITic¢ w515 and publicity Catering Youth Fellowship expense$ Evangelism and publicatims Con¢erts and events Professional fees Affiliations Grants Gifts and donations PayToII & pension ftes Sundry expenses Inve5trn¢nt Char8e5 Independent Examination Fridge expenses 99,606 588 104,194 82.234 61,993 3,980 220 10.099 1,505 2,195 390 712 712 712 350 39 153 61,993 3,980 220 10,099 1,505 2,195 390 712 712 712 350 39 153 46.828 3,919 225 6.184 7.316 1.979 207 712 75 125 850 432 2.520 3.490 40 689 1,291 767 882 6.624 2,520 2,520 1,919 80 1360 1303 76(J 1.068 5,211 900 1.019 80 1.260 1.203 760 1.068 S.211 Toll pgyments Surplusl(defi¢lt) for tbe yer Transfers 90,017 9,589 (900) &689 9,199 17,888 900 6330 (1,642) 97,147 7,047 85.306 (3,072) (900) 900 Nel movement in fullds after transfers (1,642) 4,835 3,193 7,IM7 14,039 21,086 {3,072) Total funds brought forward Totxl funds carried fonvard 14,039 Pag¢ 5
Ladywell Baptist Church Livingston Statement of Balances As at 31 August 2024 Notes 2024 2023 Opening Surplus b4lance for yegr Closing b4]anee Opening (Deficit) Closing balanc¢ for year balance Bank and cash in hand Total ne¢ a89ets 14,039 14, 7,047 21,086 (3,072) 14,039 Re8erve8 Unrestricted funds D¢signat¢d funds Restricted ndS 17,888 9,199 3,193 21,086 4,835 14,039 StAtemÈnt of&*1 at 31 August 2024 Investments Gift Aid rrflaim du¢ Overpaid to Pensions 28,912 1,143 526 59,339 1.587 497 Ststemellt of liabilitle¥ 4t 31 AuEu$¢ 2024 Invoices due for payment 1,122 1.068 Approved by the Trustccs on . 2025 and signed on their behalf by the undernoteAI.' Irusiee/lreasiirer The notes on pa¥e5 6 to 7 forni part of these financial statements. Pag¢ 6
Ladywell Baptist Church Livingston Notes to the Receipts and Payments Accounts For the year ended 31 August 2024 l. Ac¢ounting policiej Accounting convenlion The financial statements have been prepard under the historical cost convention. and in accordance with the Charities Accounts (Scotland) Regulation5 2006 (as amended). Basis offinuneial slalenKnts The financial statements have been prepared on a receipts and payments basis. Recelpls andpayDts account For the purpose of the Receipts and PaymenÉs Account as shown on page 4, funds are defined as follows.. Unrestri¢ted funds: comprise grants and other income received for the objecls of the church withoul further specifid purp(Is¢ and ar¢ available as general funds. Degign&ted fund: Present unrestricted funds which have been earniarked by th¢ Trustees foT Particular purpose5. Restrlcted fullds: comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor. 2, Trgo4actioDs with Tru8tee Salary payments ti) rustee in lh¢ year were £36,860 (2023., £36,703) And pen8i(>n payments were £4,86ll i?nY 3.. £7 1 (}{)) 111 Tl,lalion his position as Pastor. Salary paymenls I Trust in the y¢ar w¢re £7,089 (2023.. £2.834) and pension paym¢nts were £183.40 (2023.. £2? 64) in relation lo his position as a community worker. No other Trustee re1Ved remuneration during Ih¢ year (2023: none). Th¢y also re1ved expenses of £4.840 in the year (2023.. £4.266) arml other Trustees eived reimbursd expenses totaling £169 {2023.. £519). 3. Staff eosts and Dumbe 2024 2023 Gross salaries & Nl Pension contributions 59,469 2.524 44,593 2.235 61,993 46,828 The average number of employe¢5 during the year was 5 (2023.. 4)- 4. Grants 2024 2023 BMS Crisul Trust L¢prosy mission 857 900 162 2,021 900 59 1,919 2.980 Page 7
Ladywell Baptist Church Livingston Notes to the Accounts For the year ended 31 August 2024 5. Unrestrieted fund Balance at 01.09.23 Balance a¢ 31.08.24 Ineome Expendlture Trnnsfers Surplus 99,606 G¢nernl fund 9.199 {90.017) (900) 17.888 Designotedfun4s.' Missionary fvtKI Sunday School fund (900) Total desialed fuNIs (900) 900 Total unreslricled fu13 9.204 99.606 {90,917) 17,893 Eyplanolion offMn¢ts The General fund eOmPaSseS all IOrne and expenditure relating to the primary fuS activities of the charity, other than Ihose for which funding is designaied or restricted. rhe Missionary fund was sel up to support th¢ work of BMS, Lq)rosy Mi55ion, TEAR Fund and any other missionary or8anisalion as required. 6. Restrlc¢ed fvnds BIlAnee at 01.09.23 BAl*Dce at 31.08.24 Income Expenditure Transfers Missionary fund 4,835 4,588 (6.230) 3.193 Total reslricled ndS 4,835 4,588 (6,230) 3,193 Explanailon offmnds The Missionaryfund was set up to support the work of BMS, Ltpr05y Mission, TBAR Fund, Ihe Community Fridge and any other missionary organisation as required. 7. lllvejtment Op¢nin8 balance as at I September 2023 Sales Change in Tnarket value Closing balance as &t 31 August 2024 59.339 (26,924) 3,503 28,912 Page 8