Charty registration number: SC051277
Perth Baptist Church SCIO
Annual ReFQrt and Financial Ststements
for the Year Ended 31 D￿emL￿r 2024
rris and Young
Chartered Accountants
6 Atholl Crescent
Perth
PHI SJN

Perth Baptist Church SCIO
Contents
Referen￿ aThJ Administrative Detsils
Trustees, Rep￿rt
2to6
St*ment of Trustees, ReS￿51b511UeS
Independart Examinerfs Report
Statement of FI￿n￿al Act$vIt￿S
BalarKe Sl*t
io
kjtes to the Finanaal Statements
Iito22

Perth Baptist Church SCIO
Reference and Administrative Details
Senior Team
Prlnclpal Offi
14 Almond View
Perth
PHI IQQ
14 ￿MOnd V
Perth
PHI IQQ
The tharty is incorp)rated in ScodaThY.
Charlty Reglstratlon Number SC051277
Registsred Office
Independent Examlner
Morris and Young
Chartered Accountants
6 Atholl Crescent
Perth
PHI SJN
Page I

Perth Baptist Church SCIO
Trustees. Report
The trustees presert the annual report together wth the financial statements of the charity for the
periTrJ ended 31 December 2024. The financial ststements have tten prepared in accordan￿ with
the accounting policies set out in the notes to the accounts arKI comply with the Charfcies and Trustee
Investrnent {ScotlaThl) Act 2005, the Charitie5 kcounts {S(Dtland) Regulations 2006 (as amended)
and Accountlng and Rewrtlng by Chariti￿. Statement of Recommended Prthe applicab￿ to
charities preparing their accour)ts in accordan￿ wtth the Financial Reporting Standard aA)lICab￿ in
the UK and Republic of Ireland (FRS 102){knnd edition - Octoter 2019).
Trustees
Objectlves and activtties
Objects andain
The aims of the church a￿ to p￿a¢h tl* good news of Jesus Christ and to teach the Christian farth
from the Bib￿. to streTrJthen fellowship aTrY)ng Baptists and with all who confe55 Jesus Chrlst as Lord
kjcalty and nationallyi to support mission in Christ's name at home overseas through evawelism,
church planting and caring mlnlstries; to seek God'5 will for church and nation, and to bear wthess to
Christian prlnciples in today's world.
Public benefft
Perth Baptist Church meets the d￿1n1th)n cl a public benefft entty urOer FRS 102.
Page 2

Perth Baptist Church SCIO
Trustees, Report
Athievements and performan
In January ¥￿ canE tcoether as one bcKty for 21 days of prayer and fastir¥J, wlth hearts fijll of
expertation and surrender. We sought after Jesus - the Way, the Truth and the Life - praying that he
woukj guide us, teach us, aThJ shatE Us MO￿ into hls image. During this scraed time, we asked the
Lord to..
Teach us how to way with greater depth and faith.
Lead us into growth indNidually and oy)Il&tiveW.
Show ￿ the way, revealirvJ your heart for our church aTrJ our community.
And the ￿Ults were undeniable, We withessed tangible gr￿h in cur prayer I￿$, a more profound
sense of fellowship amoung u5, and a not1￿ble increase in church attendan￿. However, one of the
most powerful fruits of this season was the baptI￿n of 21 new belwet5 in 2024. This year has shown
us that when we seek the Lord earnestly, then we press into prayer and s&1 his direction, he is
falthful to us to growth and trar6formation.
From a finanaal perspectwe, overall givitvj in 2024 wa5 1596 h*Jher than that of the pwous year.
The thurch is grateful to Gc*J that its membership and fiiends have b*n able to collectivety increase
t1￿1r glvlng In order to support our increased commitments.
Perth Bapt6t Church Is also o)ntlnues to support missionarie5 linked with us through the Baptist
Mlssbnary Soclety (BMS) World Mlssion. We are on one of around 900 churches that sUP￿rts the
BMS Blrthday Scheme which raises money for this organisatson. Our overseas missionary committee
works hard to keep us well informed and prayerful for people serving our Lord overseas and wth
whom we as a thurch have a connection. Regular prnyer letters are shar&1 and vtslts from SFeakers
Involved in oveFseas mlsslon are arranged from time to time.
During August the church hosted a communty BBQ event on its premlses inviting members of the
￿￿er Western E&Je communty. In excess of £IO,(M)O was raised through this event to support a
Brazilian projett to retxjild c(mmunty faalitE5 in an area of South Brazll that suffered devastation
folk)wing flwjs earlier in the year.
Perth Baptist Church works trKJther with a number of Iccal churches across a range of projects and
ministrie5 that reach into the I￿al ccynmunty. DurirKJ 2024 these included the following:
Christians Against Poverty (CAP) Perth Debt Centre.
Blythswc£d Perth Shoe bjx scrt trntre for Tay&de area (In assc(latlon wlth BlythswocKI Ca￿)
Separately (wr Community Pastor leads many actiV￿e5 and mini5trie5 that wch cut into the local
communlty across Perth. He also holds chaplain roles at a number of Irxal SctrK￿s. Our Youth Leader
similarly leads in a range of actlvltles that egage and reach out to young people. Many of these run
from the church premises on a w*kly basis buf also includes leadlng a group to attend the annual
Magnitude event at Lendrick Mulr and a youth weekend away to Allt-na-criche centre near Aviemore.
21 indivKluals were baptised and 19 new members Joined the Church throughout the year, 4
memter5 passed away and I rr¥)ved on. At the end of the year our membership st(￿￿ at 191.
Page 3

Perth Baptist Church SCIO
Trustees, Report
Flnandal re¥lew
Prinapalfunding sources
The church receives its fvnding from those in the fe[h￿ship by way of weekty offeriThJs and standirwj
orders, many of which are Gift-Ath, and from general donations. Tr d)urch dces not organi
specific activrfie5 for the purwse of raislng income. Th￿e ts no investment income.
The totsl income amounted to £251,308 of which £17,518 was related to restricted projects and
£233,790 to unrestricted funds. At the balan￿ sheet date the unrestricted ￿rVeS were £1,339,888,
including designated funds c( £1,229,218 and £8,358 In restrlcted funds.
dge4

Perth Baptist Church SCIO
Trustees, Report
The current free reserves (i.e. reserves not committed or invested In flxed assets) of the thurch are
currenuy £128,074 (2023: £196,733). Is was wldely anttcipated much of the free reserves from iast
year have now gradualty dep￿d. The Trustees are of the Oplnlon that Ihe thurch 15 able to fund
self on an orrfJoing basis as Steps a￿ in pla￿ to stsbilise this sltuation. The church reserve fund
ranalned at £50,CiKI durlng the year. At the yearend the free reserves still exceed the rtserve fijnd.
The churd) undertakes to donate 25% of all to mission. In 2024 wltyeased regular dLThtions
were gifted to suptN)rt the Baptist Unlon of Scotland, Christians Against Povety, Perth Harbour
CounselllThJ, Perth Street Pastors, SU kntknd and S)las Cerntre for Public Christianity. Overseas
MissK)n donatK)ns were given to supF¢Jt BMS, Interserve and the Sbvic Gospel AssocHtion. Further
monies We￿ distributed to a variety of mission organisation5 who work overseas and varwJLts Other
local causes.
Plans for future periods
To continue to (kvebp existing areas of mlnlstry and embark on sotre more significant renewal and
refurb55hment of the buildirvJs estates.
Perth &3Ptrst Church is estsblished by constitution. It Is reglstered as a tharlty wlth the offl￿ of the
Scottish Charlty Regulator (OSCR) and b rerynI￿ as a charfty for the purp)se5 of S￿n 505
Ir￿Ome & CL)rporat￿ Taxes Art 1988. Perth Bapttst Churth chanwd legal entlty wlth effect from
30th Aphl 2022 frcAn t*ing an Unin(x)rporated Voluntsry Organlsattsn (SC(KJ1501) to too)mlng a
•1
Scottish Charitles InCor￿rated Organisation (Perth Baptist Church Scto - SQ)51277).
The Church Is afflllatal to the Baptist Union of Scotland.
Trustee5 are app)inted by the memb￿$ through an annual election. Candidates are nominated
followirg careful consi(kntion of their suitsbilty and their skills. MembeTS awe invited to vote "Yes.
for those candidates tly consmler sultable. To be elttted, a G4Th1Klate needs to secLYe a yes vote
from at least tr40 thlrds of those voting. suc￿Ssful candidates are apFolnted for a six year term.
The aims, obJ"ectives and current activities of the Church are explained to all new Trustees In an In
depth inductiM prccess and they are made aware of the requirements contained in the publicatlons
'GUIdan￿ for Trustees" and the Charlty Commisston"CC3 - Reswnsibilities of Charity Trustees.
Page 5

Perth Baptist Church SCIO
Trustees. Report
members take major decisbjns at the quarterty membebs meetings. The Trustees are reswislb
for the day-ttrday operating of the ¢hurth. The Trustees are electsy by the members and normalty
serve a six-year tem).
The thurth Is c0rwj￿atknnal In gwrw￿.
The Tntstees have assessed the maix risks to whith the church Is exwtsed, In FQrtKular th(15e
rekted to the operatIor￿ arKI fknan￿ of the church, and are 5atisfth that Systems a￿ In pl￿ to
mlugate any expD5ure to the major rtsk5.
Flnandal Instruments
The charitvs activities expose ￿ to a nUM￿r of fina￿al rrths Ind￿Jing cxedlt rlsk, cath flow rfsk and
liquidty risk.
The trustees are conscths of the aim to retsin suffldent cash resources to meet the IMM￿￿)te
rEqulr8nents of charlty.
The ¢harWs pr￿paI flnathl asset a￿ the Church pranlses and Its bank balances.
The charty has no sKJnificant cOn￿ntratIon of credit risk.
The charlty's Ilqukl are kept In a varw of i￿nk a{￿Unts to enable it to servto its everyday
financial ￿.
The annual reFQrt was approved by the trustees of the charlty 2 September 2025 ard signed
its behalf by:
Page 6

Perth Baptist Church SCIO
ststement of Trustees, Responsibilities
The trustees are res￿￿$[ble ft>r preparlng the trustees. report and the flnancial statements In
accordan￿ wtih the United Kingdom Accountlng Stsndards (United Klnglom Generalty Ac￿e￿ed
Attounting Prnct1￿} and appllcabk law and regulatto
The law applicable to diaritles requires trustees to ￿epa￿ flnarKial Statements for each finanaal
year. The trustees must not approve the financial ststements unless they are satlsfied that tw give
true and falr vkw of the stste of affairs of the charity and ￿ its IncomirvJ resour￿ and applthtlon
of resources, I￿lUdIng Its income and ey￿SItUre, for that pertoj. In preparitYJ these fina￿al
ststements, the trustees are requlred to:
sew sultable accounting ￿llIdes a￿1 apply them consi5tenUy;
)5erve the methcrfts a￿1 prlnclples in the Charities SORP;
make ]￿rnents arbj estlmates that are ￿Sonable and kxudent;
state whether appllcatle UK AcLDunting Stsndards have been followed, subJ￿i to any materlal
ckpartures disdostsj and eX￿ained in the financlal ststem￿ts. and
epare the financral statements on going concem basis unless tt is Inapproryots to presume
that the charity will continue in busines&
The trustees are responsible for keepiru adequate accounti￿ records that are Slbffldert to S￿>W and
explain the charltable transactKJrs and dlsdose with reasonable accuracy at ary time the flnandal
posltion of the charity and enable them to ensure that ftrHncial ststen*nts compty wth the Charities
and Trustee Investment Scouand Act 2005 and the char￿leS Accounts (Scotland) Regulatlons 2
(as an￿￿&￿). They are also resrK)nsible for saf8JuardirvJ the assets of the Charity and for
ts￿n9 responsible steps the prevention and det*ion of fraud and other irregularltks.
Page 7

Perth Baptlst Church sao
Independent Examiner's Report to the trustse$ of Perth Baptlst Church
scIo
I report on the accounts of the charty for the year ended 31 December 2024 whith are set out on
pwjes 8 to 21.
Re¥￿￿ve responslbllttles of trustees and examlner
The trustees are responsible for the preparation of the accounts In accordantr with the ternis of the
Charities and Trustee Invethent (Scouand) Art 2005 and the aliritses Accounts (Scotland)
RegulatK>f6 2006 (as amended). The trustees consEder that the audit requIre￿￿nt of Regulation 10(1)
(a) to (c) of the 20¢￿ AcC￿Trts Regula￿n$ does Th)t aNIty.
It Is my resporfjlbility to examlne the accounts as requlred urthr ￿lOn (44)(l) (c) of the Art to
state whthr part[￿lar matters have come to my attentkni.
Basis of independent examIne￿S report
My eXaMina￿n is carried out in accordan￿ with RegU￿tion 11 of the Charibes Accounts (Scotland)
RegulatK￿5 2006 (as amended). An examination includes a review of the ac£ounting recoNls kept by
the tharity and a comparFson of the ￿OUnts p￿￿nted wlth those rerords. It also indudes
COn5iderdtvJn of any unusual items or disclosures in the a￿Ounts, and s*k5 explana￿nS from you a5
trustees cOn￿nIrVj any such matters. The pr(￿edureS undertaken do not provKle all the eviden
that YK)uld be ￿ulf￿1 in an audi( arKI consequently I do not exp￿ an opinion on the view given
by the ￿CoUnts.
In connectN)n with my examlnation, rnatter has o)me to rny atten￿.
(l}which gives me ￿aSOnab￿ cause to believe that in any materlal respert the requlrements:
. to keep accountyrrfj r￿OrdS in accordan￿ with section (44XIXa) of the 2005 Att and Re9ulaUon
4 of the 2CM16 Accounts Regulatlons, and
. to prepare accounts which accord with the a￿ntiThJ ￿ordS and comply wti h Regulation 8 of
the 2006 Accourts R8Julakns have not ￿en met, or
{2)to whth, In my opknlon, attenuon should be drawn In order to enable a prO￿r urKler51andlng of
the accounts to te reached.
Charterd Accountsnts
6 Atholl c￿S￿nt
Perth
PHI 5JN
3 Sep*ember 2025
Page Z

Perth Baptist Church SCIO
Statement of Financial Activities for the Year Ended 31 December 2024
(Includlng Income and Expenditure Account and Ststement of Totsl
Recognised Gains and Losses)
Total
2024
Total
2023
funds
funds
Zncome and En(lowments from".
Donatlors and
233,790
17,518
251,308
269,965
Expendi￿re on:
CharItsb￿ acbvtties
Totsl Expendlture
32
042
214 177
Net {expendlture)Ilncome
Transftrs tetw&n funds
(88,252)
(7,679)
(95,931)
55,788
Net movement in funds
(94,42L)
(1,510)
(95,931)
55,788
R￿ondI￿7t10n of funds
Total funds brought folward
1425 951
1435 819
1380 031
Totsl funds forward 16
1331530
1339 888
1435 819
All of the tharity's adivftEs derive from C￿tinuirvj operations during the alh)ve perknd.
Page 9

Perth Baptist Church SCIO
(Registration number: CS005399)
Balan￿ Sheet as at 31 December 2024
2024
2023
Fixed assets
TangiUe assets
li
1,229,9J8
1,229,218
Current assets
t*btors
Cash at bank and in harml
12
13
25,074
26,799
181272
115,313
208,071
Credltors.. Amounts falling due wlthln one ywdr
14
Net ￿rnnt ass•ts
206 601
Plet assets
1339 888
1435 819
Fund$ of the tharfty:
Regtrlcted Income fund$
Restrktyj funds
8,358
9,868
Unrnstsicted Income funds
UnrestrictaJ furKIs
1331530
1425 951
Total funds
1339 888
The fln￿Cial statements on page5 8 10 21 were approv￿ by tt* trustees, and aukni5gJ for issue on
2 September 2025 and slgned ￿ thelr iEhalf by..
P￿e19

Perth Baptist Church SCIO
Notes to the Financial Statements for the Perlod Ended 31 December 2024
I Charity status
Perth Baptist Church Is a Scottish Cfrartsble IncorF¢xated OrganisatDn (Scto) and is registered with
the OffKe of the Scottish Chaiity Regulator under Charity Number SC051277.
The address ￿ its registered office is:
14 Alrnond Wie
Perth
PHI IQQ
These finarKial statements were authoris&d for issue by the trustees on 2 SeptemtEr 2025.
2 Accounting PDlicies
Summary of slgnificant accountlng polldes and key accountlng estimate$
The principal accounting wlKies appl*d in the preparation of these financial statements are set out
LElow. These p)Ikles have trEen con5iStenUy applied to all the year5 presented, unless othemise
statement of compllance
The ftnanck41 ststements have teen prepared in accordan￿ w￿h Accounting and Re￿rtIng by
arities: Statement of Rerommended Practi￿ appltible to charities preparing thelr accounts in
accordarKe wrth the Financial Reporting Standard applicab￿ In the UK and Republic of Ireland (FRS
102) (eff*ive l January 2019) - (Charities SOFiP IFRS 102)(Second edIt￿n Ortober 2019)), the
Charitres and Trustee Investrnent (*otland) Act 2(N)5 and the Chartties Accounts (Scotland)
Regulations 20C6 (as amended).
Basis of preparation
Perth Baptist Church SCIO rneets the thfinition of a public benefit entlty under FRS 102. Assets and
liabilities are initially recognlsed at historical cost or transartion value unless otherntse stst&J Sn the
rele￿dnt accounbrKJ polKy notes.
The financial statements are wesented in Sterling {£) and rounded to the nearest £1.
Going COn￿M
The trustee5 ojnsider that there are matErlal un￿rtaIntieS atA)Ut the d)arWs ability to continue as
a golrrfj concern rK)r any Significant ar&is of ￿n￿rtaInty that affect the carrying Val￿ of assets hekl
by the charity.
EXeM￿lOn from prqMrlng a cash flow statement
The chatity opted to earty ajopt Bulletin I published on 2 February 2016 and have therefore r
included a cash flow ststen*nt in tI￿e financial ststements.
Page 11

Perth Baptist Church SCIO
Notes to the Financial Ststements for the Perlod Ended 31 December 2024
2 Ac£ounting ￿1cleS (continued)
Income and endowments
All income Is recojnlsed On￿ the cF%3rty has entltlement to the Income, It Is probable that the Income
wlll be rÈreNed and the amount of the Inci)me recefvable can be measured reliably.
Donations are recognlsed when the charty has been notlfkd In writing of b)th the amount and
settlement date, In the event that a donation is subject to Condrt￿nS that require a kvel
performan￿ by the charty before the charty is ent￿￿j to the funds, the inccme is deferred and not
recognised until either tlw)se cond￿￿￿$ a￿ fully met, or the fvlfiltYEnt of those o)ndibons is wholly
within the control of the charity and it is probable that these condittcms will be fulfilled in the
retM)rting per￿d.
Legacy gifts a￿ recc*Jntsed on a case by case basis folh)wing the grant of probate when the
administratorlexecutor for the estate has communlcatsd In writing both the amount aThJ settlement
date. In the event that the 15 in form of an asset other than cash or a financial asset traded
on a recojnised stock exchange, recognition is subject to the value of the gnl reliably
measurable with a degree of reasonable accuracy and the title to the asset having been transferred to
the charity.
Glftald
Inccjning resour￿ frcm tax redaitrs are induded in the Statement of ￿naTh￿al Activities at the same
time as the gft to which they reiate.
Expenditure
All eX￿ndItUre Is ￿Cognised On￿ there is a kgal or aMstruttive oblvjation to that ex￿ndI￿jre, It is
probable settfement is required and the amount can be measured ￿lIably. All costs are all(nted to
the applicable eXFÉndItu￿ heading that agg￿gate similar costs to that catewry, Where costs cannot
LE directly attributed to particular heading5 they have ￿en all¢xated on a basis consistent with the
use of resources, with ￿ntral staff costs altc(ated on the basis of time spent, and depreciation
charges alIc￿ted on the Fthon of the asseys use. Other suppjrt Costs are allcKated based on the
spread of stsff costs.
Charltth expendilure ccthprises t￿￿Se costs inCUr￿d by the charity in the delivery of Ils acbvities
and services for its bereficiaries. It includes both costs that can be alk)cated directly to such activities
and those costs of an indirect nature necessary to support them.
Support costs include centsBI functions and have been allc(ated to ￿t￿lty cost categories on a basis
conslstent with the use of resources. for examp￿. alIc￿adrO pro￿rty o)sts by fl￿r areas. or
caplta, stsff costs by the tlme spent and other costs by thelr usage.
Page 12

Perth Baptist Church SCIO
Notes to the Flnancial Statements for the Period Ended 31 December 2024
2 Accountlng polldes (continued)
Governance costs
These irKlude the costs attributab￿ tri the charity's complIan￿ with constitutional and statutory
requirements, including strategic management al￿ trustees's meetings and ￿1mbUr5ed
exrthses.
Taxallon
Perth Baptist Churth is a charity and is recognised as such by H M Revenue & Customs for tsxation
purposes. As a resu￿ tlwe Is no liabilty on any of its income.
Tanglble fixed assets
Indi￿dUal fixed assets costlng £500.00 or more are initially recorded at cost.
The Trustees have dech*d not to provide further depreckIt￿Jn on the pern￿nent building5, which is
not in line with Finandal Rewrting Standard applicable in the UK and Republlc of Ireland (FRS 102)
{eff￿tive l January 2019) - {Charthes SORP (FRS lo2)(￿0￿1 edi￿On - l)ctoter 2019)). The users of
these accounts a￿ principally the memlErs of the Church ènd the Trustees feel that the cost of
carrylng out a professi(*tal valuation to include these assets at market value in the accounts would be
considerable COmpa￿d to the Ilmlt&l additional ￿nefit derived by the users of the acc(MJnts. The
Trustee5 have ￿ reason to believe that market value crf the property is less than current net t4)ok
value.
Depreclatlon and amortlsatlon
Depreck8tfion Is provkled cm tangible fixed assets so as to write off the (xjst or valuatlon, less any
estimated resldual value, over thelr expected useful economic Itfe as follows..
Asset class
pern7ar￿nt buildings
& fittings
Depreciation method and rate
no depreaatio
12.5(Yo straight line
Trade debtors
Other debtors are recogni5ed at the settlement amount due. prepa￿)ents valued at ai amount
P￿paId net of any dlscounts due,
Cash and cash equivaknts
Cash and cash equivalents cornprise cash on hand a￿1 on deposits.
Trade cxedltors
Credrtors are recngnis8J where t￿re is a present obligation res￿￿1ng from a past event that wlll
probabty result in the transfer of fvnds to a third party and the amount due to settle the obligation
can be rneasur￿ or estimated relk?bly. Creditors are nomially r&rcgnised & their settlement amount
after allowlng any trade dlscounts due.
Pe¥Je 13

Perth Baptist Church SCIO
Notes to the Financial Ststements for the Period Ended 31 December 2024
2 Aecountlng polldes (continued)
Fund stnthre
Unrestrict8J income funds are general funds thaf are avallable for use at tlE tr￿,5 dlscretlon In
furtheran￿ of the objettlves of the Cha￿ty.
Desigr)ated funds are unrestricted funds set aside for S￿cIfiC putroses at the diKre￿n of the
trustees.
Restricted income funds are those thnated for use in a particular area or for specffic purpjses, the
use Lrf whieh is r&tsi¢*ed to that area or puw.
Pensions and other post retimment obllgatlons
The charity operates a defined contribution pension scheme whlch Is a Fenslon plan uThler which
fixed contributic￿$ are pald Intrj a penslon fund and the charity has no legal or constructive obligatton
to further contributions even if the fijnd does not hold Suff￿lent assets to pay all em￿oYeeS the
benefits relating trj employee SeN1￿ in the currert and prior periijds.
Contributions to defined (Ntribution plans are recognised in the Statement of Financial ktivities
when are due. If contribution payments exceed the contributlon due for seN[￿, the excess 15
reccgnised as a p￿payrnent.
The charity also operates a defined LEnefft pensK)n scheme.Typically define¥J LEnefil plans define an
amount cl pension benefit that an employee will ￿1Ve on ￿tiremen¢ usually de￿ndert on one c
mcffe factors SLKh as age, years of Servi￿ and compensation.
Finan¢ial instruments
The charity only has financial assets and liabilit￿ of a kind that woutd qualify as basic final￿1
instruments which are recognised at their trans*ion value and subsequentty rrEasured at their
Sett￿ment vall￿.
Page 14

Perth Baptist Church SCIO
Notes to the Financial Statements for the Perlod Ended 31 De￿mber 2024
3 Income from donatlons and legaaes
funds
Totsl
2024
Total
2023
General
fund$
Donatio[￿ and ￿jacieS.
Offerings: pk4te
Offerings,. gift ald
Gffjc ald redaimed
Okn (*)nations
9,617
153.813
24,317
9,617
153,813
24,317
11,336
163,213
37,766
233 790
251308
4 EXPenth￿re on tharitsble actlvltles
UTrre￿rted funds
Restrlcted
funds
Total
2024
Totsl
2023
Designated Generdl
undertsken
dirertly
Depreck3tion
staff cc6ts
Allc(ated support
costs
Governan￿ costs
164,533
13,954
178,487
2,190
152,602
82,9
1,830
119,179
2.190
142,806
9,796
1,660
8,457
1,447
11,564
7,694
318 192
347 239
214 177
PwJe 15

Perth Baptist Church SCIO
Notes to the Financial Ststements for the Period Ended 31 December 2024
5 Analysls of governan￿ and ￿pPort costs
Govemance costs
Unrestrlctod
Total
2024
T•)tal
2023
General
Independent examiner fees
Examination of the financial 5tste￿￿nts
L￿al fees
2,246
150
2,246
Iso
2,370
204
6 Net Incomlngloutgolng resources
(Ou￿)Ing)11ncOM5ng resources for the period indLMIe:
2024
2023
t*[￿latiOn of flx&J assets
1,830
7 Trustees Yemuneration and expenses
No trustee5 have received any other ikrEfits from trE charty during the P￿K￿,
The ￿gregate payroll costs were as folows..
2024
2023
staff costs durlng the perfod were:
Wages and salaries
al security costs
Pension costs
137,168
4,164
103,080
3.104
119 179
Page 16

Perth Baptist Church SCIO
Notss to the Flnancial Ststements for the Perlod Ended 31 December 2024
8 Starr costs (contlnued)
The rnonthty average number of Fer50ns (includiro seftlor management team) employed by the
charity durlng the perl¢xl expressed as fijll time equivaknts was as follows:
2024
2023
No
Full tKne stsff
Part time staff
(2023 - 3) of the above employees partldpated in the win￿ C£mtribution Pension Schemes.
Contrtbutlons to the employtt Fension scherrEs for the tErioJ totall8J £11,270 (2023 - £12,995).
No ￿pk)Yee ra2NeJ emoluments of more than E60,000 durfng the perl(Kl.
9 Independent examiner's remuneration
2024
2023
Examlnatlon cf the flnanclal statements
Page 17

Perth Baptist Church SCIO
Notes to the Financial Statements for the Period Ended 31 De￿rnber 2024
IOTaxation
The charfty Is a ￿lStered charity and is the￿f0￿ exempt from tsxation.
IITanglble flxed assets
Furnitsre
Other
and
tanglble
equlpment flxed asset
Lind and
buildlngs
Total
Cost
At l January 2024
Additior
1,174,995
165,317
115,921 1,456,233
At 31 Decefflber 2024
1174 995
115 921 1459 113
Dep￿latIOn
At l January 2024
Charge for the year
52,754
157,335
16,926
227,015
At 31 December 2024
159 525
229 205
Net book value
At 31 De￿mber 2024
1 122 241
98 995 1229 9C
At 31 De￿mber 2023
1 122 241
98 995 1229 218
Hertsble property is hebj at cost as the Trustees, feel that the cost of carrylng of a professlonal
valuation to irKlude these assets at market value in the accounts would te considerable compared to
the lim￿ addltional benefft derrved by the users of the accounts. The Trustees have no reason to
believe that the market value of the property i5 less than ￿rrent net took value.
12Debtors
2024
2023
Other debtor5
Page 18

Perth Baptlst Church SCIO
Notes to the Financial Statements for the Period Ended 31 December 2024
13Cash and cash equivalents
2024
2023
Cash on hand
Cash at bank
88
88
181272
14Creditors: am¢)unts falling due withln one year
2024
Other creditors
15Pwslon contrlbutlons
The Churth is a participating empkjyer the Baptist Pension *heme fthe Scheme?, which is
separate legal entity administered by the Pension Tru5t* (Baptlst Pension Trust Limited). The assets
of the Scheme a￿ hekl Separate￿ from those of the Employer and the other parbopatlThJ empbyers.
The Scheffle. previously known a5 the BaFtist Ministers. Pens[c￿ FuThJ, stsrted in 1925, but Was closej
to futu￿ Kcrual of defined benefits on 31 Derember 2011. Prior to this date the main l￿ef
provKkJ through the Eefined Penefit (DBI Plan was a penSIc￿ of one e￿Jhtieth of final minimum
pen4onabfe income for each year of I￿nSIOnable SeN1￿ together with additional pension in re5pett
of premlums paKI on Pens¥)nable Income in ex￿5 of Minlmum pens￿nab￿ I￿Ome.
From January 2012, penS￿n pmvlsk)n Is belng maje through the Defined Contribution (DC) Plan
within the Scheme. In ge￿￿1, members pay 886 of their Pensionable Income and empbyers pay 6%
of member5, Pen5K)rOb￿ Incrnie into individual pension a(D)unts, which are operated and manage
on Èehalf of the Pension Trustee by Broadstone Corporate Beneffts Ltd. In addition, the empbyer
pays a further 4% of Page 26 of 29 Pensionable Irwme to cover Death in SeNKe Benefits,
administrat￿￿ costs, arKJ an asgxiated InSurar￿ Folicy whKh provides incC￿e protection for Scheme
mernbds if are unable to work due to long-temi incap￿ty. This irKoffE protection ￿liLY has
teen in5ur8J by the Baptist Union of Great Britain ¥vith Aviva Limited.
The Scheme ts conshjered to be a multi*mployer Sch￿ a5 described In Section 28 of FRS 102.
Beouse it is not FY)ssible to attribute the Scheme's assets and liabilities to S￿lf￿ empioyers, the
scheme Is accounted for as if the sC￿me we a defin&l contribution scheme.
The Mlnister Is eliglble to join the SC￿le.
Page 19

* rfj
3bliil

Perth Baptist Church SCIO
Notes to the Financial Statements ft)r the Period Ended 31 December 2024
16 Furyls (cortiwed)
The purposes for which the fund5 are to LE applEd are a5 follows:
The CAP fund represents donations re￿iVed to assist in the work of Christsns Agalnst Poveity wlthln
the Perth area.
Other restric￿1 fijnds represent balaJKes held by groups that are run wrthin the ￿urCh.
The designated capitsl fund ￿presents the io)k value of the fued assets.
The fellowshlp furnl may be US￿ by the minister to provide assistan￿ to anyone whc4n he thinks is
In need of it. The recopients of the fund are not to ￿ dLsclosed.
17Analysis of net assets between fund$
Unrestrlcted funds
General
Deslgnated
funds
Totsl funds
Tangible fixed assets
Current assets
CuThent liabilities
1229,908
1,229,908
115,313
106,955
8,358
Totsl net assets
101622
1339 888
Unrestricted funds
Restrlcted Total funds
funds
2021
General
Deslgnated
Tangible fued assets
Cuntnt assets
Current liabilities
1,229,218
1,229,218
208,071
198,203
9,868
Totsl net a
196 733
1229 218
1435 819
18Related party tran5action5
There were no related ￿trty transactK)ns in the ￿riod.
Page 22