Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 _Scottish Charity No. SC050925_ ## **Portobello Baptist Church SCIO** Trustees’ Report and Financial Statements _Period ended 31 March 2025_ Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 ## Portobello Baptist Church SCIO **Contents of the Financial Statements** _for the period ended 31 March 2025_ ||Page| |---|---| |Report of the Trustees|1 - 2| |Report of the Independent Examiner|3| |Receipts and Payments Account|4| |Statement of Balances|5| |Notes to the Financial Statements|6 - 7| Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 ## Portobello Baptist Church SCIO ## **Report of the Trustees** _for the period ended 31 March 2025_ The Trustees are pleased to present their report together with the financial statements of the Church for the year ended 31 March 2025. ## **Administrative details Registered office** **Registered office Bankers Solicitors** Portobello Baptist Church Bank of Scotland Diakoneo Legal Services 189 Portobello High Street 153 Portobello High Street 48 Spier’s Wharf Edinburgh Edinburgh Glasgow EH15 1EU EH15 1AG G4 9TH ## **Status of Charity and Governing Document** Portobello Baptist Church SCIO (SC050925) is a Scottish Charitable Incorporated Organisation (SCIO) and is established by Constitution. It was registered in its current legal form on 22 April 2021. The Charity was previously an Unincorporated Association (SC051533). The assets of the unincorporated association were transferred to the SCIO during 2024 at which point, the previous organisation was wound up. ## **Aims and affiliation** The aims of the church are in line with its Mission Statement - _"Portobello Baptist Church exists to make and multiply fully committed followers of Jesus Christ"._ The church is affiliated to the Baptist Union of Scotland (No SC004690). ## **Trustees and Office Bearers** The church is congregational in policy and its day-to-day running is undertaken by the Leadership Team who, as Office Bearers in terms of its Constitution and for the purpose of charity law, are its Trustees. The Office Bearers who served during the year and to the date of this report are listed below. The Trustees understood their statutory responsibilities during the accounting period. Title deeds to the properties owned by the Church or in which the Church has a secured interest are held in the name of the Church. New Trustees are nominated for appointment to this office under the terms of the Church Constitution. There is no fixed term for Trusteeship, although the norm is three years, renewable once. Prior to their appointment, new Trustees would be active members of the Church who have served the church for some time in various roles and would be familiar with the church’s values, its aims and objectives as well as its day-to-day operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilities and to commit to a regular schedule of meetings. An annual away day takes place to provide space for prayerful consideration of strategic issues. Throughout the year, Trustees (Leadership Team) usually meet once a month. ## **Charitable objectives** The charitable objectives of the Church are as follows: - To worship God in a way that makes faith accessible to those with no Christian background. - To live out the Christian faith in the community in practical and caring ways for those in need. - To train and teach the members of Portobello Baptist Church, helping them become true disciples of Jesus Christ. - To find ways of living our faith alongside other groups within the community, giving opportunity to share our faith with those who are interested. Page 1 Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 ## Portobello Baptist Church SCIO **Report of the Trustees** _for the period ended 31 March 2025_ ## **Achievements and performance** This year has been one of continuing what was already working and embracing change. We have seen that work out in a number of areas of our church ministry: _Community Outreach_ : We had a change in staffing in the year which included an 8 month vacancy, but our key ministries continued unaffected due to continued support by volunteers. These ministries include running two Alpha Courses, the Meeting Place, a warm spaces project in conjunction with the other churches in Portobello, Community Fridge hospitality, Foodbank collection, the launch of Mainly Music, Christmas cafe evening and our Carols on the Beach event. _Sunday Worship_ : We continue to welcome new people to our church on a Sunday morning, and our team of preachers, worship leaders and gathering hosts have done a great job in encouraging us in our faith. We have many others serving regularly on a Sunday morning in a variety of roles. We continue to gather monthly for evening worship. _Global Mission_ : We continue to support our three long term partners: Transform Burkina, CreativEnergie and International Justice Mission. All three contributed to the life of the church throughout the year. In addition this year we sent one of our young people on a 6 month mission project with Youth With A Mission. _Youth_ : Our youth group has continued to grow and the addition of our new staff member has seen changes in how this area has operated. This includes our Sunday Youth work, connecting with the local secondary School, attending Magnitude worship evenings, and a number of young people attending the Magnitude summer festival. _Children_ : Another area of change in this past year as we have adapted to the changing ages of the young people and children in attendance. _Discipleship_ : We had a week of prayer, our small groups continue to be places of connection and spiritual support and growth. We once again hosted a successful church weekend. We had people across our church record devotionals for Lent and we baptised two people. _Leadership_ : Our leadership team remained the same but the departure of our Community Outreach Worker was a significant change. By the end of the calendar year we were delighted to have appointed a new Youth and Community Ministry Associate. The leadership team did a great job of guiding the church through this process. ## **Financial review** ## _**Principal sources of funding**_ The Church receives its funding from church members by way of monthly offerings and Gift Aid donations. The Church also received income from hall letting during the year which have been disclosed in the financial report. ## _**Results for the year**_ The Accounts for the year are set out on pages 4 to 7. Per the Receipts and Payments Account on page 4, the Church reported a surplus of £10,986 (2024: £62,047). ## **Reserves** It is the policy of the Church to maintain Unrestricted Funds, i.e., funds not committed or invested in fixed assets, at a level which equates to approximately three months of unrestricted expenditure. This allows sufficient funds to enable the ongoing work of the Church to be maintained. Per the Statement of Balances on page 5, the General Fund at 31 March 2025 amounted to £46,709 (2024: £33,751) which is above the required level, Designated funds amounted to £58,551 (2024: £59,569) and Restricted funds amounted to £6,700 (2024: £7,654). Total funds of the charity amounted to £111,960 (2024: £100,974). ## **Signed on behalf of the Trustees on 10th December 2025.** Page 2 Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 ## Portobello Baptist Church SCIO **Report of the Independent Examiner to the Trustees** _for the period ended 31 March 2025_ I report on the accounts of the church for the period ended 31 March 2025 which are set out on pages 4 to 7. ## **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) (d) 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 statement** My examination is 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 seeks explanations from the trustees concerning 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 (as amended), and - to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations (as amended) 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. Innes & Partners Limited Chartered Certified Accountants Innes House 18 Shairps Business Park Houstoun Road Livingston EH54 5FD Date: 10th December 2025 Page 3 Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 ## Portobello Ba tist Church SCIO p ## **Receipts and Payments Account** _for the period to 31 March 2025_ |**Receipts**
**Notes**
Gift-aided donations
Freewill offerings
Gift Aid reclaimed
Hall rentals
Sundry income
Bank interest
Legacy income
BUS funding
**Total receipts**
**Payments**
Staff costs
**4**
Multimedia
Minister's expenses
Rates and insurance
Church repairs and renewals
Manse repairs and renewals
Hall repairs and renewals
Church cleaning
Heat and light
Catering
Church telephone
Printing, postage and stationery
Window cleaning
Accounting expenses
Office equipment
Legal and professional fees
Maintenace contracts
Music costs
Church retreat costs
Children & Youth Work
Grants and donations
**5**
Fellowship gifts
Travel
Training
Mission and Community
Independent examination fee
Bank charges
Sundry expenses
**Total payments**
**Net increase / (decrease) in cash for**
**the year**
**Cash balances brought forward**
**Cash balances carried forward**|**General**
**fund**
**£**
43,968
9,521
18,628
24,403
-
2,725
-
3,750|**Designated**
**funds**
**Restricted**
**funds**
**£**
**£**
-
7,950
-
3,000
-
1,363
-
-
-
-
-
-
-
-
-
-
**-**
**12,313**
-
3,334
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
120
1,018
9,813
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**1,018**
**13,267**
**(1,018)**
**(954)**
59,569
7,654
**58,551**
**6,700**|**Designated**
**funds**
**Restricted**
**funds**
**£**
**£**
-
7,950
-
3,000
-
1,363
-
-
-
-
-
-
-
-
-
-
**-**
**12,313**
-
3,334
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
120
1,018
9,813
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**1,018**
**13,267**
**(1,018)**
**(954)**
59,569
7,654
**58,551**
**6,700**|**2025**
**Total**
**2024**
**Total**
**£**
**£**
**51,918**
41,050
**12,521**
14,842
**19,991**
8,165
**24,403**
22,502
**-**
301
**2,725**
1,355
**-**
63,569
**3,750**
7,500
**115,308**
**159,284**
**38,638**
42,966
**3,777**
3,402
**198**
261
**5,149**
6,002
**6,901**
4,253
**3,051**
1,163
**410**
4,271
**7,487**
6,008
**5,077**
5,103
**1,981**
1,465
**1,051**
726
**612**
-
**415**
311
**834**
1,075
**-**
676
**1,193**
-
**4,734**
2,742
**133**
-
**140**
300
**438**
2,413
**18,294**
10,545
**111**
-
**234**
324
**525**
649
**1,215**
1,008
**1,584**
1,440
**140**
100
**-**
34
**104,322**
**97,237**
**10,986**
62,047
**100,974**
38,927
**111,960**
100,974| |---|---|---|---|---| ||**102,995**|**-**|**12,313**|| ||35,304
3,777
198
5,149
6,901
3,051
410
7,487
5,077
1,981
1,051
612
415
834
-
1,193
4,734
133
140
318
7,463
111
234
525
1,215
1,584
140
-|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,018
-
-
-
-
-
-
-|3,334
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
120
9,813
-
-
-
-
-
-
-|| ||**90,037**|**1,018**|**13,267**|| ||**12,958**
33,751|**(1,018)**
59,569|**(954)**
7,654|| ||**46,709**|**58,551**|**6,700**|| The notes on pages 6 to 7 form part of these financial statements. Page 4 Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 ## Portobello Ba tist Church SCIO p ## **Statement of Balances** _as at 31 March 2025_ |**2025**
**Opening**
**Surplus**
**balance**
**for year**
**£**
**£**
**Bank and cash**
100,974
10,986
**Total assets**
**100,974**
**10,986**
**Represented by:**
General fund
**6**
Designated funds
**6**
Restricted funds
**7**
**Statement of assets as at 31 March 2025**
Church (estimated value)
Manse (estimated value)
Gift Aid due
**Statement of liabilities as at 31 March 2025**
Independent examination fee
Professional fees
Underpayment of pension contributions
Tax and NI due|**2025**
**Opening**
**Surplus**
**balance**
**for year**
**£**
**£**
100,974
10,986|
**Closing**

**balance**
**£**
**111,960**
**111,960**
**£**
**46,709**
**58,551**
**6,700**
**111,960**
**£**
**300,000**
**200,000**
**2,740**
**502,740**
**£**
**1,512**
**144**
**-**
**412**
**2,068**|**2024**
**Opening**
**Surplus**
**balance**
**for year**
**£**
**£**
38,927
62,047|
**Closing**

**balance**
**£**
100,974| |---|---|---|---|---| ||**100,974**
**10,986**||38,927
62,047|100,974| |||||**£**
33,751
59,569
7,654| |||||100,974| |||||**£**
300,000
200,000
9,688| |||||509,688| |||||**£**
1,440
144
49
430| |||||2,063| The financial statements on pages 4 to 7 were approved by the Trustees on 10th December 2025 and signed on their behalf by the undernoted: Page 5 Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 ## Portobello Ba tist Church SCIO p ## **Notes to the financial statements** _for the period to 31 March 2025_ ## **1. Accounting Policies** ## _**Accounting convention**_ The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended). ## _**Basis of financial statements**_ The financial statements have been prepared on a receipts and payments basis. ## _**Church income**_ All voluntary income, income from tax recoveries on Gift Aid and bank interest is accounted for when received. ## _**Receipts and payments account**_ For the purpose of the Receipts and payments account as shown on page 4, funds are defined as follows: **Unrestricted** funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds. **Restricted** funds 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. Transactions with Trustees and related parties** There were no transactions with the Trustees during the year ending 31 March 2025 (2024: nil) other than the Minister's salary which is detailed below. During the year a Trustee, received a salary of £23,467 (2024: £23,617), pension contributions of £1,408 (2024: £1,337) and expenses of £78 (2024: £2,512) in his capacity as Church Pastor. During the year training fees totalling £7,213 (2024: £nil) were paid to YWAM on behalf of who is related to a Trustee . No other payments were made to related parties during the year (2024: £nil). **3. Reimbursement of expenses** During the year one (2024: two) Trustee received reimbursement of expenses for expenses paid on behalf of the Church totalling £341 (2024: £1,327). No Trustees received remuneration for their position as Trustees during the year (2024: nil). |**4. Staff costs and numbers**
Gross salaries
Employer's pension contributions|**2025**
**£**
35,336
3,302|**2024**
**£**
38,911
4,055| |---|---|---| ||**38,638**|**42,966**| The average number of employees during the year was 2 (2024: 2). Page 6 Docusign Envelope ID: 89AA0E64-4556-4242-94A3-7E84E45CECB5 ## Portobello Ba tist Church SCIO p **Notes to the financial statements** _for the period to 31 March 2025_ |**5. National and overseas Ministries**
_Grants and gifts_
Youth with a Mission
Archie Catchpole
Scottish Baptist fund
Creativenergie
Scripture Union of Scotland
Transform Burkina
Portobello Older Peoples Project
Portobello Monday Centre
IJM UK
Towerbank Primary School
Teen Challenge
International Justice
Individuals above £100
Donations below £100
**Total grants and gifts**
**6. Unrestricted funds**
General fund
_Designated funds_
Church Legacies fund
Total unrestricted funds|**General**
**fund**
**£**
-
-
2,268
2,000
1,000
750
-
-
500
-
-
-
725
220
**7,463**
**Balance at**
**01.04.2024**
**£**
33,751
59,569
**93,320**|**Designated**
**fund**
**£**
-
-
-
-
-
-
518
500
-
-
-
-
-
-|**Restricted**
**funds**
**£**
7,213
2,600
-
-
-
-
-
-
-
-
-
-
-
-|**2025**
**Total**
**£**
**7,213**
**2,600**
**2,268**
**2,000**
**1,000**
**750**
**518**
**500**
**500**
**-**
**-**
**-**
**725**
**220**|**2024**
**Total**
**£**
-
-
1,800
1,896
-
600
-
-
-
2,000
2,000
504
500
1,245| |---|---|---|---|---|---| |||**1,018**|**9,813**|**18,294**|10,545| |||**Income**
**£**
102,995|**Expenditure**
**£**
(90,037)|**Transfers**
**£**
-|**Balance at**
**31.03.2025**
**£**
**46,709**| |||-|(1,018)|-|**58,551**| |||**102,995**|**(91,055)**|**-**|**105,260**| ## _**Explanation of funds**_ _The General fund_ represents all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted. _The Church Legacies fund_ represents legacy income which has been used to support some local organisations and will be used for other needs in the church. |**7. Restricted funds**
Haldane Salary Fund
Café Project Fund
Building fund
Forwarding fund
Total restricted funds|**Balance at**
**01.04.2024**
**£**
3,334
4,200
-
120
**7,654**|**Income**
**£**
-
-
2,500
9,813|**Expenditure**
**£**
(3,334)
-
-
(9,933)|**Transfers**
**£**
-
-
-
-|**Balance at**
**31.03.2025**
**£**
**-**
**4,200**
**2,500**
**-**| |---|---|---|---|---|---| |||**12,313**|**(13,267)**|**-**|**6,700**| ## _**Explanation of funds**_ _The Haldane Salary fund_ represents a grant to facilitate Glenn Innes becoming the Future Church Lead for the Baptist Union of Scotland (BUS). The funding will be used to backfill Glenn's position at Portobello to allow him to give his time to developing the future church vision of the Baptist Union. _The Café Project Fund_ represents donations and expenditure in relation to cafe maintenance and improvements. _The Building fund_ represents grants, donations and expenditure in relation to building upgrades and improvements. _The Forwarding fund_ represents gifts received from church members for onward forwarding to various Christian organisations and ministries. Page 7