BROUGHTY FERRY BAPTIST CHURCH SCIO SCOThISH CHARITY NO: SCOS1613 TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 31st May 2024 Reglstered Address: 86 St Vincent street Broughty Ferry Dundee DD5 2EZ BROUGHTY FERRY BAPTIST CHURCH TRUSTEES, ANNUAL REPORT for the year ended 31 May 2024 The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 May 2024. Reference and Admlnlstrallve Infonnallon Charlty Narn• Broughty Fery Boplist ChLrch SCIO Charlty Number SC051613 Currenl Truslees (to 16 January 2024. Seuetary until then) Treasurer (to 25 May 2024) Secretary (from 6 March 3)24) 110 31 May 2r241 Chairman (from 13 September 2)23) (from 22 June 2024) {from 22 June 20241 Mlnlsler (ocling chairman until 13 September 20231 Slructure. Governanee and Management Conslllvllon Broughty Fetry Baptist Chvrch was founded in November 1876, registered as o charity on 9 June 1939. govemed by its conslitvtion and rules. The Chuich Official￿ become o Scottish Charilable Incorporoled Organisation I'SCIO") on l June 3x2. This w05 the legal date Ihot the "old" vnincorporated charity {SCOI19371 was officialty wound up ond oll its assets and liabilities tron5ferred over to the SCIO ISC0516131. Setting vp the SCIO required a new constihjtion which was discussed and approved by the mernber5hip. Appolnlmenl ol Irustees Under the tenms of the new constitulion. the deacons and minister are the church's Trustees. Deacons retire in a rotation based on lenglh of service. with kn Deocons normally retiring eoch year. &ections of Deacons are caryied out in accordance th church hondbook. Objectlves and Acllv111es Chorftable purposes The advancement of refigion. Acllvllles Throughout 2￿23124 the church mel in pe￿on and had much encouragement from the number ofvisitorswe had. We continued toofferzoom attendance as on option for those not able to meet in person. As reported last year. consideration of accommodation needs has been on£oing. Progress has been made during the yeor in defining ow requirernenls. parlicularfy for children and youth w(yk and engaging with architects and building wofessionols in progressing plans. At yeor end. our Building Accommodalion ond Improvements totalled £1 14,237 (2022123: £95.931 l. We are in contact wth onother locol church about the future of ourst Vincent Street budding ond remoin confident that the Lord will yovide our needs. Last year. we reported thot we hod secured fvnding from Dundee Volunteer & Voluntory Action IDVVAI and the Baptist Union of Scolland, in order to support local Ukrainions postorally. This project concluded on 31 March 2024 with on Alpha course for Ukrainians, run in partnership V4ith o city-centre chwch. Youlh work continued wrth regular and varied sessions for Ihe church's youth. with much lo be thonkful to the Lord for in terms of youth discipleship. We are very thankful to our Youlh Pastor and youth leam for all Iheir hord work. With the svpport of our Children ond Fomifies. W￿ker and ow Yovth Pastor, we continued to offer a ￿o￿arnMe of events ond activities fly all ages. for example toddlers, Messy Chwch. Break-thnJ. JAM (Jesus and Mel and JAM Kids (Sunday School). The work has at times been challenging in terms of lack of volunteers. We ore very thankful to our Children and Famil ies Worker and her team for oll ther hard woth throughovt the year. As a￿aYS. we are thanktul for the prayer ond dedlcation of so many in our fellowship. especialty Ihose who help ond Supp￿ others. often behind the scene5. Proyer meetings and life groups continued Ihroughovt the year. Proyer is of course the lrfeline of ony church and we ore very Monkful to all who pray nto slvations and support others by listening. proyer ond in practical ways. Life groups general￿ meet every two weeks and prowde opportunities for the church to meet in small grovps vtho study the Bible together and its practicol oppbcalion to Ilfe with the outcome of growng in Chrisl. Men's Nights provide oppcylunities for men within the church to establish and build relationships wilh each olher over food Flnanclal revlew We are grateful to the fellowship of ￿ughty Fery Baptist Church. vrfho have generou51y helped vs to meet our financial needs. The total Income Ihs yeor of £153.277 was £13.537 higherlhan the £139.740 rep￿ed last year. The main movement5 were receipts from fvnckoi%ng activities. which increased by £9.734 mointy due to the receipt of a donation of £1 0.000 ond a legocy of £1,000. Recurring giving w0ssright￿dOVffl by£l.138from lost year. Gifl Aid for the 2021122 tox year was claimed this year ond weceived ju51 after year end. This lotolled £17.906. This was tronsferred lo the Bvli ding Accommodation and Improvements Fund in order to help with the planned extension. Holl hires to101￿d £23.760 which Wos £1.504 more than last year. The RBS deposit account opened during the yeor gave us interest income of £742. Our total expenditure of £137.173 was £7.416 higher than the £129.757 last year. The main reasons were Ukraine pastoral minty costs of £1 0.223 and pay increase5 of £5,229 compared to last year. Thi5 is Offset to some extent by lower fabric costs ot P8C of £4,318. This was becouse lost year's costs induded the new sound desk and audio visual system costs of £14.487 whereas this yeorfs inckjded professional fees for the extension project of £9.334. As usvol. we paid OLff ￿11 capitation charges to Ihe Baptist Unbon, and mode some donations. FLther details of whot we received and paid is included in Notes 4 to 7. The main donations made in Ihe yeor include £2.OCQ in 5vppcxk of Hamish Rice studying at a French Bib￿ College, lour quarterly donations of £250 each to Serbia, EBF HO￿ Land Appeal. MAF and SU Toyside. In oddilTon. we donated £750 as love gifts to supported missionaries. £250 to SU Tayside from Christmas olfering. £5CX) to 8MS Harvest and £9LK) lowoYd5 the EBF Armenia appeal. We olso supported Nilapu and Su&Mita in India wth renl and emergency hospitol costs lotalling £1,7￿. We are thonkful that we generated net receipts of £16.104 {comp(yed to £9.983 last year) which includes the Gift Aid claim of £17.906 finally received just after year end. Consequently, our bank bolance increased during the year. The total amount in the bank as ot 31 May 2024 was £147.567 {31 May 2023: £131.463). Here is a summary of the various Funds held by Ihe chvrch as ol 31 May 2024: Fund Fund balanco balan brouBht carrie fr*Wa￿ Rece*ts Payments Transleys forwa und narne limate Act5on uildin8 accommodatlon and imly0￿rnents lary d￿atIOnS kraine minlsty nrestrlcted funds otal fvnds 95.931 17.91% 114,237 1.2L)) 11.2LWI 9.456 3LKI 110.2231 24,6 151,377 1125.7501 131,453 153277 137.173 14671 32.411 14756 17.906 Reserves pollcy The Truslees, policy is to retain unrestricted funds of at least £30,[￿ In order to meet commitments ond cover any unexpected expenditure. Unrestricted funds at 31 May 2024 stood at £32.411 12022123: £24.6901. thich is above the minimum larget. Thi5 includes Gift Aid claimed f¢y Ihe 2021122 tox yeor bvt exdudes Gilt Aid cloimoble for the 2022123 and 2023124 lox years. 11 also ncludes extensK)n-relcted Iprofessionol services) costs of £9.334. Ow cuffent focus is on increasing the Bull ding Accommodation and Improvements fund. which stood ot £l14.237 ot 31 May 3)24 {£95,931 ot 31 Moy 20231. Thanks Finally. the Trustee5 wish lo record our thank5 to God. vtho ha5 guided and provided for the church through anolher year. Declar¢Jllon The Trustees declare Ihot they hove opproved ttie above TnJstees' Report. Signed on beholf of the charity's trustees: Secretary Date: Treasurer Dole: Lqlql2Jt Slalement of Recelpts & Payments for Ihe Year Ended 31 Moy 2024 Y•ar•nd4d 31 M•y Year ended 31 Mav 2023 furbds lynd5 Recelpts Donations (Note 41 Receipts from fundraisin8 artivitie5 (Note Sl 8ank interest Rent from land & bJildings Receipts fr￿n charitaFJe activities (Note 61 sut￿01•1 Proceed5 from sale offixed assets Tatsl Retelpts 265 21633 742 21760 89,531 21,408 158 22,256 6,387 139,740 700 21.93 74 23,76 5.67 15L37 15U77 ￿£37 153277 139.740 P*ymeftts Expenses for fvndraisir6 actkvltles Payments relatin8 dlrecdy to d￿rItsble Ktivities (Note 71 Grants and donations InfAe 81 Governance costs Tot•1 hym¢nts 11,423 118,145 7.185 42 125.75 129,56 124.127 5,330 42 11423 137,17 129.757 Surplusl(D•lkft) fortheyear 19523) rransfer5 between funds 17. I17￿6 BrO￿1rt lrnrd fvnds 10&773 131,463 Total funds urrled lorward 115,156 31411 V17,567 iA63 stolement of Balances as at 31 May 2024 Yearer 31M Yearended 31 May 2023 ftestricted L1Thre￿i(ted f¥nds Cash fvnds Cash and bank balances at start of yeor Surplus I (Deficit) foryear per Statement of Re￿Ipts & Payment5 Transfers between fvnds Cash and bank balances aterbd oly IIA773 24.69 i. 121.480 19.523) 17. 25,62 I17,91￿) 3Uii 14104 9,983 147.567 L31A63 ecre Dale: Tre0￿er Date- rL4(f I If14 Notes lo the accountsfor Ihe year ended 31 May 2024 co nlin These occovnts hove been Ffepored on the Receipt5 and Payments basis in occordonce vrith the Charities & Twstee Investrnent {5cotlandl Act 2CJ35 ond the Chorities Accoun15 (Scotlond) RegLlations 2006 las amendedl. eond ose f funds Unrestricted fund5 are those that moy be used at Ihe discretion of Ihe trustees. Restricted funds may only be used for specific purposes. Restsrctions arise when specified by the donor or ￿en lunds are raised for specific pwposes. ted tronsa tions No trusiee received any remuneration. During the year £IO,C(K) was from received from Stakam Ltd. o compony kn*hich trustee, A￿taIr Wo￿n own5. Year end 31M Year •nded 31 May 2023 lunds Donatlons Open Plate General.. Standlng Order5 & Envelopes Miscellanèous Legacies 8.525 80.878 128 79.762 io, 79.762 99265 89,531 e¢el from fundra General.. Gift Building accommodation and improvements Climate Attion Ukraine mlnlstrv Fundraisng 17. 17.9D 5331 12.620 2.677 4.02 21J3 4.02 m