2024-08-31-accounts

Charity règistratlon numbèr SC050585 Iseotlandl Alexander Sloan AGiiJi',La,' Ilo diid Business Advisers EAST MAINS BAPTIST CHURCH SCIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

EAST MAINS BAPTIST CHURCH SCIO LEGAL AND ADMINISTRATIVE INFORMATION Trusts•s Charlty numbèr Iseotlandl SC050585 Tel: Wel￿11￿. www.easlmainsbc com Ind•p•nd•nt ¢xomln•r PJexaiidLI Sloaii LLP Accountants and 8usine$sAdvisers 180 Sl Vincenl SITeet Glasgow G2 5SG Bonk•rs Virgin Mon 40 St Vincent Place Glasgow G1 2HL Sollcltors Holmes Mackillop 109 Douglas Street Glas91)W G2 4HB

EAST MAINS BAPTIST CHURCH SCIO CONTENTS Pagè Trustees, report Independent examiners report Statement of financial activities B81an¢e sheet Notes lo the financial stslem*nl$ 8-21

EAST MAINS BAPTIST CHURCH SCIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their annual report and financial statements for the year ended 31 August 2024. The financi81 slalernents have been prepared in 8￿rdan￿ ¥￿1h the accountsng poliryes set out in note 1 to the rinancial statements and Comp￿ with the chaWs constitution. the Charibes and Trustee Investment (Scotlandl Act 2005, the Charrties Accounts (Scotlandl Regulations 20(￿ las amended) and 'Accounting and Reporting by Charities". Statement of Recommended Practice applirable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repubts'c ol Ireland IFRS 1021" leffective 1 January 20191. ObJectlve8 and ocUv1t￿ The aim of the church is the advancement ol the Christian failh and to serve and support the local and Christian communities in East Kilbride, Scolland and beyond. The chuich is affilialed to the Baptist Union ol Scotland and the Evangelical AllianTr. Achlovements and ￿rforManC• The church continued lo meet regularty lor worship and carried out various activities in pursurt of its, aims and objectives. As a Church we continued to stream services for those unable to attend in person. The continued pursurt of our 10 year 5trategy"A New way of Living The church continued rts actNe involvement in community projects and setvice through a food bank, working in conjunction wth other churches in East Kilbnde where members ol the community visit eath week for both a food parcel and support. The church is a150 actively engaged with the communty in a CAP Ichristians against Povetyl initiative providing debt advice. financial management and budgeting courses in the community. A numbèr of communrty activiti¢s induding a Wellbein9 Cafe set up to crèate a quiet friendly environment for those experiencing or recovering from mental health issues, loneliness or isolation. In addition, a Chit Chat Cale was fomied to provide a regular support group within the cKJmmunty. The church has released rts facililies to a significanl number of communty projects managed by The Village Centre. Scottish Charity No. SC037829. The support and partnership with The Village Centre which prnvtdes a centr& for lh& communlty in East Kilbride, was further developed during the year. Flnanclal revlew Prlneopal •ourc•8 of lundlng The church receives its funding from thurch members and attendees by way of offerings and Gift Aid donations. Results for the year Per the Statement ol Financial Activities on p8ge 5. the thurch reported Net Income li.e. 8 Surplus) for the year of £116,298 influenced by the receipt of a legaLy during the year lolalling £140.86012023- Sutplu5 £8,039). At 31 August 2024, the church had tolal funds of £591.925 of which £256.886 was tied up in property and other rixed assets.

EAST MAINS BAPTIST CHURCH SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Reserves Policy It is the policy of the church to maintain unrestricted fvnds. i.e. fvnds not committed or invest&Y in fixed assets. al level that equates to three month5 of unrestricted expenditure. The combined closing balances at 31 August 2024 of the church's General Fund and Reserve Fund IDesign*ed} amounted to £526,837 12023 - £423,734) which was acceptable to the Trustees. Grdnt Maklng Pollcy The church makes grants from its income to individuals and organisations that are generally known to the Trustees 8nd the thurch. The benefiu'aries are involved in activities or ministsies compatible Mrith the church's objectives. Rlsk manag•m•nt The Trustees have assessed the mawr risks to the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the maior risks. Structure, govemance and management East Mains Baptist Church SCIO 1.the church") was Inco￿orated as a SCIO on 19 November 2020 Iscottlsh Charity No. SC050S851 and is govemed by the SCIO Constitution. ed during the year and up to the date of s￿natUre of the financAal staternents were.. Appolntment of Trustees New Trustees are nominated lor appointment by Ihe exi51ing Twslees. There is no fixed lerrn for Trusteeship. Prior to their appointment. new Trustees would be aclive membèrs of thè chufch, be proposed by a majorty votè of the members of the church and have served the church for some time in various roles and would be lamiliar th the church's values, rts aims and objectives as well as rts day-to-day operab"ons. As part of their induction programme. new Trustees are required to understand their statutory responsibilities. Organisatlonal structure The church is oongreg8tion81 in policy. Ils day to day running 15 deleg8ted by Ihe Twstee5 to the church's P8slor¥ 8nd Leadership who during the 8ccovnting peiiod weie as follows". Lead Pastor.. Associate Pastor.. Associate Pastor.. Key management personnèl Along with the church's Pastors and Leadership, the Ttustees considei themselves as the tharity's key management personnel, in charge of directing and controlling the church and overseeing its daity activities. Details of remuneration paid to Trustees in (heir capaaty as Pastors is provided in Note 19.

EAST MAINS BAPTIST CHURCH SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees, report was approved by the Board of Trustees. 14,'112025 14.1..2025 Dat$d'. Dated..

EAST MAINS BAPTIST CHURCH SCIO INDEPENDENT EXAhlNER'S REPORT TO THE TRUSTEES OF EAST MAINS BAPTIST CHURCH SCIO I report on the flnanclal statemnts of the charity ts the year ended 31 ￿￿USt 2024. whkh are 8et out on pages 5t021. R•pèctlv• r•8pon•lbllltkn of Tru#t•• #nd •Mamln•r The charity's Trustees are responsibk for the p￿paralyon of the finan￿al statements in accordarKe wrth the terms of the Chanties and Trustee Investrnent {Scodandl Act 2005 and the Charityes Accounts IScotl8ndl Regulations 20￿ las amended). The chaws Trustees consider th8t the audrt requirement of Regulabon 10111 181 to (¢1 ol the 20C6 A¢¢ounts R$gubtTron$ not •ppty. 11 1$ my r¢$pon$iblty to ¢xomino Iho fin8n¢ial statèm81)ts a$ rnqulrnd und¢r 44{11{¢l of tho A¢t And to $tAt• wh¢lhw part￿ar matt•rs have ¢omo 10 ry attention. Ba•l• of Ind•p•nd•nt •xmln•f• •tst•m•nt o¥arnlnatlon Is carrfod out In •ccwdance wlth Re9￿al￿)n 11 of thtr 2LK6 Ac￿nIS Rogulafjons. An •x¥mln8lon InrJud•$ a rtsvitrw ol th• •¢counting r•o)rds kept by th• ch•rrty and a comparison of the fln¥n¢io1 s18l¢mgnl3 presented vAth Iho3e r?￿rd¥. 1141¥0 incbJd¢$ con$Kl¢ralion of 4ny unu$u81 it9rn3 or disdg¥ur¢¥ wi th• financial Statements, and saeks eXp￿na￿onS from the Trustaes concerning any such mattor£. The procedur0$ ndertaken do not provide all Ihe avidence that WO￿ bo required In an audh and cons6quonOy I do not 8xpres8 an audrt oplnlon on the ¥lthv given by the financial stateThnts. Ind•p•nd•nt •xamln•rf• •tst•m•nt conn•ctlon ￿th my •x8mln8tlon, no matt•r has ttm• to my •tt•ntk)n'. lal which giv?¥ rn¢ reasonable to that In any material resp¢d th• r•qulr¢m•nts'. Ib) to keep accounting records in accA)rdanco wtth 8•cllon 44111 IA) of Iho 2005 £t p￿d Regulatk>n 4 ¢11 the 2CQ8 Accounts Regula￿.0ns.. and (HI to pr8par• flnandal stat•m•nts whkh accord *AIth lh• acco￿l￿j r•cord$ and comrty wllh R8gulallon 8 01 th• 2CQ6 Accounts Regdalions: ¥• not b••n met Ibl io which. in my opinbn. attent￿n shodd bfr dr¥1￿ kn onler to enatrl8 a proper understsndlng of tr financial slalements lo be reached. exander Sloan LLP Accountants and Busin•y Advi8•r¥ 180 Sl Vincerrt Street Glasgrm G2 58G 141112025 Dated..

EAST MAINS BAPTIST CHURCH SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Current financial year Unrestricted Unrestricted funds funds general dèsignated 2024 2024 Restricted funds Total Total 2024 2024 2023 Nots8 Income Imm.. Donations and legacies Charitable activities 160.397 192.382 10.500 45.301 398.080 10.500 262.504 10,500 Total Income 180,397 202.882 45.301 408.580 273,004 Expendltur¥ on.. Charitable activities 203,076 57.100 32,106 292.282 264,96S Total expendltur• 203.076 57.100 32.108 292.282 264,96S Net Incomellexpendlturel 142.6791 145.782 13.195 116.298 8,039 Transfers ty&￿¥en lunds 42,679 142.6791 Nèt mov•m•nt In lund• 103.103 13.195 116,298 8,039 R•conclllatlon ol fund8: Fund balances al 1 September 2023 423.734 51.893 475.827 467,588 Fund bol•n¢¢• ot 31 August 2024 526.837 65.088 591.925 475,627 The stslemenl of financial a¢tivitie$ in¢lude$ 81 gains and l¢Mes recognised in Ihe ye8T. All income and expendilur derive from continuing activities. The notes on pages 8 to 21 fomi an integral part of th&se finanaal statements.

EAST MAINS BAPTIST CHURCH SCIO STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Prior financial year Unrestricted Unregtricted funds funds general de51gnated 2023 2023 Restricted funds Total 2023 2023 Notès Income Imm.. Donations and legacies Charitable activities 173.948 54.635 10.500 33.921 262.504 10,500 Total Income 173.948 65,135 33,921 273,004 Expendltur¥ on.. Charitable activities 196.426 43,139 25.400 264,96S Total expendltur• 196.426 43.139 25.400 264,96S Net Incomellexpendlturel 122.4781 21.996 8.521 8,039 Transfers ty￿￿¥en lunds 22.098 122.0981 Nèt mov•m•nt In lund• {380) 11021 8.521 8,039 R•conclllatlon ol fund8: Fund balances al 1 September 2022 423.836 43.372 467,588 Fund bol•n¢¢• ot 31 August 2023 423.734 51.893 475,627 The notes on pagtrs 8 to 21 form an integral part of Ihese fin8ntyal st8tements.

EAST MAINS BAPTIST CHURCH SCIO BALANCE SHEET ASAT31AUGUST2024 2024 2023 Mots• Flx•d ••Mts T8ngibk assets 11 256.886 258,315 Curr•nt a8•ei• D•blors Cash at bank and ￿ hand 12 32.112 314.888 44,405 180,284 346,780 224,a69 Crndltorn.. amounts f•lllng du• ¥Athln on• y￿r 13 {11,741) (7,35n N•t curr•nt w•••l• 335,039 217,312 Totsl ¢urMnt Il•bllW 591,925 475,627 The fund• ol the ch•rlty R•strlcted Incom8 funds Unre$trfct•d fvndi- d•Jlgnal•d 65,088 528,837 51,893 423,734 15 591,925 475,627 1411r2025 The financial statement3 wart •ppro¥ed Twslees on ......................... rus ee Trustee

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Charity inforrnation East Mains Baptist Church SCIO is a registered Scottish Charity (No. SC0505851. The principal address is 10-12 Maxwell Drive. East Kilbride G74 4HG. 1.1 Accounting convention The financial statements have been prepared in acCOrdar￿ with the charitys Constitution. the Charities and Trustee Investment (Scotlandl Act 2005. the Charilies Accounts Iscollandl Regulations 20[￿ las amended) and "Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their 8ccounts in 8ccord8nce wrth the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021" la$ amended lor a¢countsn9 pen￿￿5 cofflrnen¢ing from 1 J8nu8ry 20191. The charity Is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for chantses applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The fin8ncial ststements are prepared in steding. whth is Ihe functional currency of the ch8rty. Monetary amounts in these financial s18ltrmenls a￿ rounded lo the ntr8rest £. The financial statements have been prepared under Ihè historkal cost convention. The principal accountlng policies adopted are set out below. 1.2 Golng concern At the time of approthng th8 financial statèmenls. Ihè Trustees have a rèasonable expectatlon that the charity has adequate resources lo continue In operational existence for the foreseeable future. The Trustees consider there are no material uncertainties about the charity's abilrty to conts.nue as a going concern. Thus the Trustees continue to adopl the going concem basis of accounbng in preparing the financAal statements. 1.3 Charttabl• funds Unre5tri¢led lunds are ¥v8ilable for use 81 the disueb'on of the Tru$le•s in frjrthelan￿ of their ¢harrtable objectives. Designaled lunds ¢ompri$e ftjnds whKh have been set 8side ai the ¢Jis¢retion of lh* Trustees for $pe¢ffi¢ PUIPQse$. The purpose$ and uses ol Ihe designated fvnds are $el out in the notes to Ihtr finan¢ial $talemenl$. Restricted funds are subiecl to specific c¥)ndrtions by donm or grantor5 as lo how Ihey may be used. The purposes and uses ollhe restrided fvnds are sel oul in Ihe notes to the finanu81 slalernenls. 1.4 Income Income Is ￿cognised wtten the chanty is legalty entiued to it after any perfomiance conditions have been met, the amounts can be measured reliabty, and it is probable that income VAII be received. C8sh donations are recognised on receipt. other donations are recognised once the chartty has been notifièd of the ¢Jonation, unless perfomance condrtions require deferral of the amount. Income tax recoverable in lation to donath)ns ￿￿￿ed under GfflA￿ is recognised at the time of the donats"on. Gift Aid Income tax recoverable on Gfft Aid donations is recognised when the respective donation has been recognised and the recoverable amount of income tax can be measured reliabfy.. this is normally when the donor has completed Ihe relevant Grfl Aid declaralion fomi. Income tax recoverable on Grfi Aid donations 15 allocated to the same Ivnd as the respective donation unless specrfied by the donor.

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 A¢coun¢ing policies (Continuedl Income from Charltable Actlvltles Income from charitable activities includes income eamed both from the supply of goods and services under contractual arrangements and from performance-related grants which have condrtions that speafy the provision of particular goods and services to be provided by the charty. Income from charitsble activities is recognised 3s e8rned185 the related 9oods or seThices are pro¥￿ed). 1.5 Expenditure Liabilities are recognised as expenditure as soon as ihere is a legal or constructive obligation committing the charity to that expenditure. it is probable that settlement wil be required and the amount ol the obligation can be measured or estimated reliabty. Liabilities are measured on recognition al historical cost and then 5ub5equenlly rneasured al the best èstimatè ol the amount required to settle thè obligation at Ihè reporting datè. The exception is that certain financial instruments must be adjusted to their present value." these indud• finandal liabllltles where settlement is deferred for more than 12 monlhs after the reporting date. l expenditure is accounled for on an accruals basis. All expenses induding support Costs and govemance C05t5 are allocated or apportioned to the applicable expenditu￿ heading5. Charttable actlvllle8 Expenditure on charitsble activities indudes 811 costs inCu￿ed by the charity in undertaking 8clivilies that further ils ¢h8rrtable airns lor the benefit ol rts benefi¢iaiies. including those support ¢05tS and costs rel81in9 to the governan¢& ol the charity apportioned lo d)aritabie adivilies. The costs of ¢haiit8ble activities prtrsenltrd In the Statement ol Financial Aclivrties indudes the costs of both direct seNice provision and the payments ol grant awards if applicable. Irr*eovtrablt VAT Irrg¢overable VAT 1$ ¢har9èd a98in$t Ihe expenditure he8din9 for which it W8$ incurred. Govèrnaneè co•t$ Governance costs (which are included 8$ a ¢ompon&nt of support costs in a¢¢ordaneè wth SORPI all costs involving the public accountability of the charty and ils compliance with regulation and good practice. These costs include those related to constitutional and statutory requirements, external scrutiny (audit or independent examinationl. slrategic management. and other legal and professional fees. Taxatlon The church is recognised as a chanty for the pU￿OSeS of applicable iaxation legislatKJn and is therefore not subject to taxation on its charitable aclivrt￿s. 1.6 Tanglble Ilxèd assets Tangible fixed assets are initialy rreasured 81 cosl and Subsequenty measured at Cost or valu81ion. nel of deprèciation and any impaim)ent lossès. Depreriatson is recognised so as to vnile off the cost or ¥alvation of assets less Iheir resKlual values over their useful INes on the ftTrllowng bases.. Heritable Property Fumiture & Frttings Sound, Vision & Computer Equipment 2% straight line 20tskn straigm line 25% straighl line The gain or loss arising on Ihe disposal of an asset is detemiined as the difference be￿een the sale proceeds and the carrying value of the asset. and is recognised in the 5tstement of financial actnf￿'e8.

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 A¢coun¢ing policies (Continuedl 1.7 Impalm)ent ol flxed assets At each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there 15 any indicabon that those a55ets have suffered an impairment loss. If any such Ind￿ation exists, the recoverable amounl of the asset is esbmated in order to determine the extent of the impaiment loss lif any). 1.8 Cash and eash oqulval•nts Cash and cash equivalents indude cash in hand. deposits held at call wrth banks, other short-term liquid investments with original maturities of three monlhs or less. and bank overdrafts. Bank overdrafts are shown wrthin borrowng$ in current liabilths. 1.9 Flnanelal Instrum•nts The ch8rity has elected to appty the provisions of Seclion 11 'Basic Financial Inslruments, and Section 12 'Olher Finanual Inslrvmenls Issues. of FRS 102 to all of its finanrial instruments. Flnancial instruments arè recognised in the charity's balance sheet whèn the charity becomes patty to the contractual provisions of the instrument. Financial assets and liabilities are offset. wlh Ihe nel amounts presented in the financial staternents, when there 15 a legally enforceable right 10 Sel off the recogni5ed amounts and Ihere is an intention to setue on a nel basis or io r&alise the asset and setu& the liabilrty $imull8neousty. B•$le flnanclal •ss•ts Basic financial assets, which include deblors and ca8h and bank balances. a￿ initially measured at Ir8nsa¢lion price including transadion costs and are subsequently Ca￿le￿ al amortised ¢o$l using the &ff8¢tive interest m&thod unless the arrangement ¢on$titute$ a finan¢ing Iian$action, whère the tr8n$a¢tion 1$ measured 81 thè presènt value of thè luturè re￿ip1S discounttrd 81 g market r•t& of int¥r*$l. Finan¢ial 8$$01s classified as re￿1vable within one year are not amortised. Baslc flnanclal Ilabllltl•s Basic financial liabilities. in¢luding ¢r¢dItO￿ and bank loans ar¢ initialty f¢cognised at transa¢tion pri¢s unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value ol the future payments discounted at a market rate of interest. Financial liabilrties classifie(J as payable within one year are not amortised. Debt instruments are 3ubsequentty carried al amortised cost. U3ing the effective Inte￿St rale method. Trade creditors are obligations to pay for goods or seThices that have been acquired In the ordinary course of operations from suppliers. Amounts payable a￿ classified as current liabilth.es if payment is due within one year or less. If not, they are presented as non-currenl liabilrties. Trade credrtors are recognised initially at transactM)n price and subsequentty measured at anKJrtised cost using the effeciNe interest Method. Dere¢ggnition of financial liabiliti Financial liabilities are derecognised when the charity's o)ntradual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused hol￿aY entillement is recognised in the period in which the empk)yee's services are received. Termination beneffits are recognised immediatety as an expense when the charity is demonstrabty Committed to terTnin8te the employment of an employee 01 to prowde termination benefits. 10-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 A¢coun¢ing policies (Continuedl 1.11 Retlrement benellts P8yments to deffined conlribulion retiremenl benefft sthemes are charged as an expense as they fall due. The Glarity participates in the Baptist Pension Scheme where retirement benefrts to employees ol the church are funded by contributions from all participating members of the scheme. Payments are made in accordance wbth periodic calculations by consutting actuaries and are based on pension costs applicable across all the participating churches. taken as a whole. The scheme is conSide￿d to be a murtiemployer scheme as described in Section 28 of FRS 102. As it is not possible to a￿lbUle the Stheme's 8ssets and li8bilities to spe¢ifi¢ employers, the scheme 1$ 8¢¢ounted for as rfthe S¢heme were a defined ¢ontribution scheme. The Scheme still has a defiat liabilty wrth agreed deficrt contributions being made and charged to the Penslon ReseNe Fund. Note 18 provides further infom)ation aboul pension obligations. crttlcal accounvng o¥Um¥te• and ludgem?nt• In the 8ppli¢alion ol the ¢h8rity'$ accounting poliues, the Twstees are requi￿1￿ lo make judgements. estimates and assumptions about the carrying amount ol assets and liabilits.es that are not readily apparent from other sources. The estimates and asswated assumptions are based on historical experience and other factors that are considered to be relevant. Aclual resums may differ Irom Ihese estimates. The estimates and underlying assumptk)ns are reviewed on an ongoing b85is. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects cfftly that peri¢¢J, or in the period ol ihe r&vision and lulur¢ where the ievision affects t)oth Current and future pgriods. 11

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EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from charitsble activitres unrest￿Cted funds deglgnated 2024 Unrestrlcted fund$ de8lgnated 2023 Charitable rental income 10,500 10,500 Expendlture on charitable actlvltie• Ho•dlng

ae982

2024 Hoodlng

•e982

2023 Dlrect costs Staff costs Depreciation and irnpairmenl Prernises costs Running costs Governance costs 155,Crt)7 9.486 58.788 35,490 4.500 139,570 7.472 60.930 26,786 3.710 283,271 238,468 Gr8nl fvnding of activities IS￿ not¢ 61 29,011 26,497 292,282 264,965 Analy818 by fvnd Unrestricted lund5- general Unrestricted funds- designated Restrictèd funds 203.076 57,100 32,106 196.426 43,139 25,400 292,282 264,965 Grant¥ payable 2024 2023 Grants to institutions.. Baptist Union of Scotland Scottish Bapt15t College Other Overseas Missions Baptist Missionary Souety 8,500 500 10,910 9,101 8,400 500 8,887 8,710 29,011 26,497 13-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 TnNt• None of the Truotees lor any pernons (¥nnected *ilh them) r￿￿Ved any ￿mUneratiOn, benefit8 or mbursed èxpansès In Ihair capauty as Tntstaès from th• eharlty durfng thè yèar. Detals of the $alary paid to Deta16 01 the stipends pa￿ t pfovlded In Note 17. ded #i Note 17. thoir capac4ty as Pa8tor8 18 Employ••• The 8￿ra00 monthly numl)8rol wnploy8¢8 dutfjng th• year w￿. 2024 Numb•r 2023 Numb•r Employm•Tht ¢o•t• 2024 2023 Wag•$ and ￿18￿08 Soc4al 8efJJity costl Oth•r pon￿Oft co8t$ 138,078 9,095 7,834 124,975 7,527 155,007 139,570 No emF+)yee r¢munwakn ol more thw £80.[￿ durkng th& y••r. Thor• W￿r0 no •mploy•88 vtho80 Annu81 rnmunoradon wa8 moT• than £60.c￿. N•t In¢om•ll•xp•ndliur•) forth• y••r 2024 2023 Net Sncomellexpenditurel for the year is staled after (￿rying". Independont examinat￿n fee Depr8datbn of04vnod tanglble f￿8￿ assets 3,710 7,472 9.486 10 T￿tIon -, charity is exempl taxalwjn w its adivith b￿aUse 81 its irKorTWJ B appled far charrtable purpose& 14-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Tangible fixed assets HBrttable Furnliure & Sound, Vlslon Property Flttings & Computer Equipment Total Cost At 1 September 2023 Additions Dl$posal$ 298.445 12.907 25.643 8.057 16,0531 336.995 8,057 16,0531 At 31 August 2024 298,445 12.907 27,647 338,999 Oepreclatlon and impainnent At 1 September 2023 Depreciation charged in the year Eliminated in respect of disposals 41.783 5.969 12.907 23.990 3,517 16.0531 78.680 9,486 16.0531 Al 31 August 2024 47,752 12.907 21,454 82,113 Carrylng amount At 31 August 2024 250.693 6.193 256.886 Al 31 August 2023 256.662 1,653 258,315 12 Oebtor• 2024 2023 Amounts falllng due wlthln one year: Loan lo Th& Village Centre Limited Other debtors Prepayments and aecrued incomè 13,OTrJ 12,150 6,962 20,200 16.575 7,630 32,112 44,405 13 Cr•ditor8'. amounts falling du• within on• yèar 2024 2023 Other creditors Accruals and deletred income 1,535 10,2rAf 937 6,420 11,741 7,357 14 R•tir•mènt btnèfit sehem•s 2024 2023 Dèfined eontrlbutlon schemes Charge to profft or loss in respect of defined contribution schemes 7,834 7,527 15-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 Retirement bgngfit ¥chernes (Continuedl The charity operates a defined contsibulion pension scheme for all qualifying employees. The assets of the scheme are held separatety from those of Ihe charity in an independenty administered fund. 15 Unrestricted fund$ - design¥ted These 8re the desi9n8led fvnds whith have been set aside out of unre5tsicted ftjnds by the Trustee5 ft)r spefjfic purposes". At1 September 2023 Incomlng regouree8 Re8ouYee8 expended Transfern At 31 Augu8t 2024 Missionary Budget Fund Reserve Fund Christians Training Fund Fellowship Fund Assets Fund Property Rental Fund Housing Fund 11 S,5191 116.0971 1500 {1,6851 {9.4861 {7,2001 {6.6131 15,519 162.9551 141.291 6.284 2,489 258,315 191.353 253,592 5.784 1,833 256,886 1.029 8.057 13,3001 10.500 15,355 8,742 423,734 202.882 157.1001 142,6791 526,837 Prevlous year: At1 S•pt•mbor 2022 Incomlng sour¢•s ReJource¥ *xpend¥d Trnn•fer4 At 31 Augult 2023 Missionary Budgel Fund Reserve Fund Christian Training Fund Fellowship Fund Assets Fund Property Ren¢al Fund Housing Fund 41 127.304 6,284 2.585 265,787 114.8641 {6.3381 14,823 133.6211 141,291 6,284 2.489 258,315 889 17851 {7,4721 {7.2001 {6,480 10.500 13.3001 21,83S 15,355 423,836 65,135 143.1391 122,0981 423,734 16-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Unrgstricted funds - ￿￿19nated (Continuedl Purposes of Deslgnated Funds Missionary Budget Fund Represents an amount set aside for Missionary work. To reflect the church'5 annu81 cornrnitment to the Missionary Budget Fund and cover the Fund defic￿¢. £15.519 w8s received by transfer from the General Fund (Unrestricted) dunng the year ended 31 August 2024. Reserve Fund Represents funds set aside lor exceptional items or activities. During the year ended 31 August 2024, the Fund transferred £62.955 to the General Fund Iunreslrictedl. Chrlsll•n Trolnlng Fund Represents funds set aside to support ¢hurch attendees who are carrying Out Christian Tralnlng or Mission Fellowshlp Fund Represents funds set aside for support and needs of the fellrywship al the discretion of the Pastors and Trustees. A$sèt8 Fund Represents the net book value of the church's fixed assets which are not readity convertible into cash. The transfer of £8,OS7 rep￿SentS assels purchased by the General Fund lunreslricledl in the year. Property Renlal Fund Represents rental income received by the thurch. During the year ended 31 August 2024, the Fund Ironslèrrèd £3,300 to th6 Genèral Fund IUnr¢$tri¢tedl. Houslng Fund Rep￿sentS funds set aside lor a housing allcwance and the costs of a housing allowance for the Lead Pastor. 17-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Restricted funds The restricted funds of the charity wrnprise the unexpended balances of donations 8nd gr8nts hekl on twsl subject to specific ¢A)ndttions by donor5 as tr) how they may ￿ used. At1 September 2023 Ineomlng regoure•s R•sourc•s At 31 August èxpend•d 2024 Missionary Fund Youth Fund Community Support Fund Christians Against Povsty Fund Multiply Fund 1.691 11.6911 1.290 1.750 48.853 1.290 750 49,648 13.400 11.0001 122,8151 18.6001 23,610 20.000 51.893 45.301 132.1061 65,088 Prevlou8 year: At1 September 2022 Incomlng resource• Re8ource8 At 31 August expended 2023 Missionary Fund Youth Fund Community Support Fund ChristiansAgainst Povety Fund 2.732 12.7321 1.290 1.750 40.332 1,290 1,750 48,853 31,189 122.6681 43.372 33.921 25.400 51,893 18-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Restricted funds (Continuedl Purposes of Restrlcted Funds Mi88ionary Fund Represents gifts and donations received specffic81ty for Missionary work. Youth Fund Represents gifts and donations speufically for supporting Youth woth. Community Support Fund Represents a gift received specificalty to provide financAal assistance to members of the Community under certsin conditions. ch￿StIanS Agalnst Pov81ty Fund Represents gifts and donations recetved specfficalty to support the work of Ihe Church as a Debt Centre vAthin the area including the employment of a Debt Cenlfe Manager. Multlply fund Represents funding received from VolunlaryAth'on$ Sounlh Lanarkshire IVASLanl for Multiply funding. 17 Analy$l¥ of a$s•ts betwotn fund$ Unrnstrfcted funds dtslgnated 2024 Restrlcted funds Total 2024 2024 At 31 August 2024: Tangible assets Current assetsllliabilities 256,888 269.951 256,886 335.039 65.088 526.837 65.088 591.925 Unr•striet•d funds deslgnated 2023 R•strict•d funds Total 2023 2023 At 31 August 2023= Tangible assets Current assetsllliabilrtiesl 258.315 165,419 258.315 217,312 51,893 423,734 51,893 475,627 19-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Retirement benefit obligations The churth is 8 Participating employer partirypating in the Baptist Pension Scheme Iyhe Scheme'l. which is a separate legal entity administered by the PensM)n Trustee (Baptist Pension Trust Limitedl. The assets of thè Stheme are held separatety Irom those ol the Employer and the other parti(Jpatsng empltsyers. The Scheme, previousty known as ihe Baptisl Minislers. Pension Fund. started in 1925, but was dosed to lulure accrual of defined benefits on 31 December 2011. Prior lo this date. the rnain benefit provided through the Defined Benefrt IDBI Plan was a pension of one eightielh of final minimum pensionable income for each year of pensionable service together with addityonal pension in respect of prernium5 paid on Pension*le Income in ex¢ess of Minimum Pensionable Income. From January 2012. pensh)n provision is being made through the Defined Contribution (DCI Plan within the Scheme. In general. members pay 8% 01 their Pensionable Income and employers pay 6% 01 members, Pensionable Income into indivKlual pension accounts. which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Beneffts Ltd. In addits'on. the employer pay5 a further 40/0 of Pensionable In¢ome lo ¢over Death in Service Benefft5. administration ¢0st5. and an a5s0¢iated in5ur8n¢e policy which provides in¢omtr protedion lor Schème members in the evènt that they are unablè to work due to long-term incapacity. This income protection policy has bèen insured by the Baptist Union of Great Bntain with Aviva Limited. Members of the Basic Section pay reduced contribulions of 5% of Pensionable Income, and their employers also pay a total of S%. The Scherne is considered lo be a MUtt￿emploYer Scheme as described in Section 28 of FRS 102. As il is not Possible to attribute the Scheme's assets and liabilities 10 specific employers, the Scheme is accounted for as If11 werè a dÈfine¢J contribution s¢hèm¢. Thè pen$ion$ costs charged to the SOFA In the year are contributlons payable towards benefits and expensès accrued in that year, plus any impact of deficiency contributions (see b8lowl. The church's staff members are eligible to join the Stheme. A¢iuarf81 valuotlon a¥ ot 31 December 2019 A formal valuation of the Defined Benefit ID81 Plan was perfomied at 31 Dec6mber 2019 by a professionally qualffjed Actuary using the Projected Unrt Method. Al Ihe valuation date, the market value of the D8 Plan assets was £298 million, whilst the level ol assets needed to pay benefits was £316 million. giving a deficit of £18 million lequivalent to a pasl seNice funding level of 94%). The chanty and the other employers supporting the DB Plan are collectivety responsible lor funding this deficit. The key financial assumptions undertyiny th¥ ¥alu¥lion were 8$ follows.. p• ol flnanclal assumptlon RPI price inflation assumption CPI price inflation assumption Minimum Pensionable Incorne increases adju5trnent (above CPI) Pre-retirernenl assumed investment relums (gilt yield plus 1.75%) Post-retirement assumed irnvestment ietums linduding beneffts matched by the insurance policy) (gilt yield plus 0.5%1 Minimum Pensionable Income Increases ICPI phjs 0.5%) Deferred pension increases Ibased on RPI} Pre April 2009 Post April 2009 Pension increases based on CPI wth an annual floor of 0% and an annual rap of 5% %pa 3.20 2.70 1.20 2.95 1.70 3.20 3.20 2.50 2.70 -20-

EAST MAINS BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Retirement benefit obligations Icontinuedl Type of financial 088umption Icontinuedl Mortality is assumed in accordan¢£ wrth 80% of the S3NA 5tandafd mortalty table. Future improvements projected Irom 2013 In line with the CMI 2019 projection wrth a long tem fate of Improvement 011.75*0 per annum lor males and 1.5% per annum lor females wrth the core smoothing parameter and wrth add￿"On31 initial mortality improvement lactof A=O.S%. The next actuarial valuation of the DB Plan wthin the Scheme will begin in 2023 to reflect the posib'on as al 31 December 2022. Rècovéry Plan In addition to the contributions to Ihe DC Plan sel out above. where a valuation of the DB Plan reveals a deficit. the Trustee and the BUGB Council agree lo a rale of deficiency contributions from employers in the DB Plan. Following the 2019 valuation. a Recovery Plan was signed in September 2020 under which deficiency contributions are payable unbl 30 June 2026. These con¢ribubons weie broadty based on each ernployer's mernbership al 31 De¢ember 2014 and increase annualty in line with increases to Minimum Pensionable Income as defined in the Rules. Howev&r, the Tru$letr and the Council agreed ¥ 50% roduditsn for all deficiency contributions payable bèfvfftn 1 Juty 2020 and 31 Oècember 2020. On 30 June 2022, the Baptist Pension Scheme signed an ag￿ernent wrth the insurance company Just GrDUP I'Just'l to secure DB Plan mernbers, pension beneffts. Just are now providing financial backing for all pensions provided through Ihe Scheme's DB Plan and. following this transaction. the Scherne no longer has a shorff811. An updated Recovery Plan was Ihen si9ne(J in August 2022 under which recovtrry eonlribulions from èach participating èmployèr in thè DB Plan lo £1 p¢1 monlh from August 2022. Oellned contrlbutlon p•n8lon 8ch•me The church's total pension cost lor the year ended 31 Augusl 2023 was £7,8341202'. £7,527). 19 Related party transactlon• ru$lee. re¢&ived rtrmuneration 19ro$$ $818ry 8nd employer p&n$ion ¢onlributs'on$l of £39,358 12023 £36 9671 and renl of £6,48012023 É6,4801 fof usè of his homè 8$ the mansè in his e8pacity as the church's Lead Pastor. Trustee, received ￿muneratIon of £40.809 12023 - £38,596) in his capacty as the church's Assoiiale Vaslor. rusteè, rèceived rèmunèration of £39,364 12023 - £33,535) in his capa¢ity as th8 church's Children and Youth Pastor. 21