BROUGHTY FERRY BAPTIST CHURCH SCIO scorrisH CHARITY NO: SC051613 TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 31st May 2025 Registered Address: 154 Lawers Drive Broughty Fery Dundee DD5 3TZ
BROUGHTY FERRY BAPTIST CHURCH TRUSTEES, ANNUAL REPORT for the year ended 31 May 2025 The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 May 2025. Reference and Admlnlstrative Information Charlty Nome Broughty Fery Bapt15t Church SCIO Charfty Number SC051613 Current Trustees Mr F de Villiers MrCLim Mr A Wotson Mrs H Sellajerah Mrs K Beattie Dr O Adegoke Mr A McRobbie Mrs M Piggott Mr D Watson Rev D Loing Treasurer Secretory (until 18 June 20251 Chairman and trustee until 28 April 20251 (from 18 June 20251 Minlsler Rev Dr B Tolbot (acting chaiman from 29 April 20251
Structure, Governance and Management Conslllutlon 8roughty Fery Baptist Church was founded in November 1876, registered as a charity on 9 June 1939, governed by its constitution and rules, The Church officially became a Scott15h Charitable Incorporated Organisation ("SCIO") on l June 2022. This was the legal dote thot the old unincorporated charity ISCOI 19371 wos offficially wound up and all its assets ond liobilities transfeffed overto the SCIO {SC0516131. Setting up the SCIO required a new constitulion which was discu55ed and approved by the membership. Appointment of trustees Under the terms of the new constitution, the deacons ond minister are the church's Trustees. Deacons retire in a rototion based on length of service, with two Deacons normally retiring each yeor. Elections of Deacons are carried out in accordance with church handbook. Objectives and Activities Chorilable purposes The advancement of religion. Activities Throughout 2024125 the church met in person and hod much encouragement from the number of visitor5 we had. We continued to offerzoom ottendance as an option for those not able to meet in person. We continued to make progress with extending our Ponmurefield premises. required in orderto better caterfor children and youth ministries. We are happy to report that during the year. the church appointed a contractor and work on the site started in July 2025. with an estimated completion dote of November 2025. The works will be funded through the Building Accommodation and Improvements fund. which at year end stood at £249,93012023124: £114.2371. The increase during the year was mainly due to the sole ofourst Vincentstreet premises to Broughty Ferry Presbyterian Church on 30 May 2025. It has been wonderful to see the development plans they have for our old church premises, which will hopefully ensure the continuity of Christian witness from that site in central Broughty Fery for many years to come. Youth work continued with regular and varied sessions for the church's youth, with much to be thankful to the Lord for in terms of youth discipleship and ministry. Our Youth Pastor successfully secured a pastoral role in another Dundee Baptist Church during December 2024, which was a gain to that congregation and o Ios5 to us. However, it has been encouraging to have new youth work volunteers come forward lo keep the ministry going. We are very thankful indeed to our Youth Pastor for his long ministry in our church, and for the expanded youth team for all their hard work in this important ministry. Break-thru se55ions and JAM (Jesus and Mel continued throughout the year. With the support of our Children ond Families, Worker, we continued to offer a wde- ranging programme of events and activities lor younger oges. for example toddlers,
Messy Church and JAM Kids (Sunday Schooll. The work has at times been challenging in terms of lack of volunteers. We are very thankful to our Children and Families Worker ond her team for all their hard work throughout the year. We especially thonk her for her unstinting efforts and diligent input into the extension plans at Panmurefield. A5 always, we are thankful for the prayer and dedicalion of so many in our fellowship. especially those who help and support others, often behind the scenes. Prayer meetings and life groups continued throughout the year. Prayer is of course the lifeline of any church and we are very thankful to all who pray into situation5 and 5UPPOrt others by listening. prayer and in practical ways. Life groups generally meet every weeks and provide opportunities for the church to meet in small groups who study the Bible together and its practical application to life with the outcome of growing in Christ. Men's Nights provide opportunities for men within the church to establish and build relationships with each olher over food. Juring the year, Women's fellowship nights started up which proved popular. Flnanclal revlew We are grateful to the fellowship of Broughty Ferry Bapli5t Church. who have generously helped us to meet our financial needs. The total receipts this year of £257.395 was £104,118 higher than the £153.277 reported last year. The main movement was the receipt of £l15.226 from the sale of St Vincent Street. with other income streams showing o decrease of (£1 1,1081 or (7.2%) from the year before. This was mainly due to a donation of £IO.OCX) and a legacy of £1.000 that were received in 2023124. Recurring giving was therefore pretty stotic year on year. Gift Aid is included in these figures. During 2023124, we claimed Gift Aid for the 2021122 tox year. totalling £17,906. During 2024125, we claimed up to the 2022123 tax year, totalling £21.915. These amounts were Ironsferred to the Building Accommodation ond Improvements Fund in orderto help with the planned extension. Hall hires totolled £22,559 which was £1.201 less than last year, but interest on the RBS deposit at £2.551 was £1.809 higher than last year. Our total expenditure of £122.707 w05 £14,466 lower than the £137.173 last year. The main reasons for the decrease were Ukraine p051oral ministry costs of £1 0,223 during 2023124 (the project stopped durtng 20231241. and £6,905 lower fabric costs during 2024125. This was because lost yeor's fabric costs included professional fees for the extension project of £9,334 whereas this year was smaller improvement5, for example to the staging. As usual, we paid our full capitation charges to the Baptist Union. and made some donations. Further details of what we received and paid is included in Notes 4 to 7. The main donations made in the year include £2.1)(J) in support of Homish Rice studying at a French Bible College, two quorterly donations of£250 each to Scripture
Union (Taysidel and International Mission to Jewish People and quartedy donations of £5CK) each to Scripture Union (Taysidel and BMS Chad h05Pltal. In addition, we donated £800 as love gifts to supported missionaries, £200 to St Mary'5 Community Church Food Bank from Christmas offering, £600 to BMS Harvest. £1,120 to Carpathian Aid from donations received and £505 towards Boptis15 in Northern Myanmar. In addition, we also supported Nilapu and Susmito in India with rent and living costs totalling £825. We are thankfvl that we generated net receipts of £134.688 (compared to £16.104 last yearl. mainly due to the sale of St Vincent street on 30 May 2025. Consequently, our bank balance increased during the year. The total amount in the bank as at 31 May 2025 was £282,255131 Moy 2024.. £147,567). Here is a summory of the various Funds held by the church as at 31 May 2025: Fund balance brought forward Fund balanc carrie eIpts Payments Transfer5 forwar Fund name Climate Action Building accommodation and improvements Salary donatlons Ukraine ministry Vnrestrirted funds otal funds 1,385 114.237 1,385 21.915 249,93 115,326 7CK) 11,5481 171Xll 14671 32,412 147,567 467 22,3821 30.94 282,25 141.369 1120,4591 257.395 {122.7071 Reserves policy The Trustees, policy is to retain unrestricted funds of at least £30,000 in order to meet commitments and cover any unexpected expenditure. Unrestricted funds at 31 May 2025 stood at £30,940 {2023124: £32,411 l. which is above the minimum target. We hove focussed on increasing the Building Accommodotion and Improvements fund. which stood at £249.930 at 31 May 20251£114.237 at 31 May 20241. This was mainly through the sale of the St Vincent Sfreet premises, but also by allocating Gift Aid claims for tax yeors to 31 March 2023 to this effort. Thanks Finolly. the Trustees wish to record our thanks to God. who h05 guided and provided for the church through another year. Declaratlon The Trustees declare that they have approved the above Trustees, Report. Signed on behalf of the charity's trustees:
Mr A Watson Secretary Dote: Mr F de Villiers Treasurer Date:
statement of Receipts & Payments for the Year Ended 31 May 2025 Year ended 31 May Z02 Year ended 31 Mav 2024 Restricted Unrestrlrted funds fund Receipts Donations (Note 41 Receipts from fundraising artivities (Note 51 Bank interest Rent from land & buildings Receipts from charitsble actlvltles (Note 61 SUt01 Proceed5 from Sale of fixed a55ets Total Recelpts 87,368 24,1 2,551 22.559 4,70 14136 87,36 24,2 2.551 22,55 5.407 142,169 115.226 257.395 99,265 22,633 742 23.760 6,877 153,277 loo 700 800 115,226 116.026 141.369 153,277 Payments Expenses for fundraising activities Payments relating directly to charitable attivf(ies (Note 71 Grants and donations Inote 81 Governance costs Total Payments 2,248 111.86 8.17 420 114,117 8.170 420 129.568 7,185 420 2.248 120A59 122,707 137,173 SurplusJlDeficltl for the year 113,778 20,91 134,688 16,104 Transfers between funds 22,382 122,3821 Brought forward funds 115,155 32AI 147.567 131.463 Totsl funds carrled forward 251.315 30. 282.255 147,567
statement of Balances as at 31 May 2025 Year ended 31M 202 Year ended 31 Mav 2024 Restritted Unrestrrcted funds fvnd Cash funds Cash and bank balances at start of year Surplus / (Deficit) for yeaf per Statement of Receipts & Payments Transfers between funds Cash and bank balances at end of year 115,156 32,41 147,56 131,463 113,778 22,382 251.315 20,91 122,382 30.94 134.6 16,11 282.255 147.567 Mr A Watson Secretary Dote: Mr F de Villiers Treasurer Date: 911 lL,-
Notes to the accounts for the year ended 31 May 2025 l. Basis of accountin These accounts have been prepared on the Receipts ond Payments basis in occordance with the Charifies & Trustee Investment Iscotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 la5 omendedl. rhe accounts have been prepared on a Receipts and Payments Basis although their rurnover is over £250.OX) as a result of a one-off transaction from the Sale of Property. Income is anticipated to be below £250,000 for the next financial year. 2. Nature and Ljr ose of funds Unrestricted funds are those that may be used at the discretion of the Iru5fees. Restricted funds may only be used for specific purposes. Restrictions orise when specified by the donor or when funds are raised for specific purposes. 3. Relcted transactions No trustee received any remuneration. During 2023124. £10,000 was received from Stakam Ltd, a company which trustee, Aiistair Watson owns. Year ended 31M 2025 Year ended 31 May 2024 Restrirted Unre5tr1cted funds fund 4. Donations Open Plate General= Stanélng Orders & Envelopes Miscellaneous Legacies 7.47 79,79 7,473 79,795 io 8.503 79.762 10,000 1.000 99,265 87,36 87.36 5. Recei s from fundraisin General.. Gift Aid Buildlng accommodatlon and improvements Ukraine ministry Fundraising artiwitie5 21,91 21,915 loo 17,906 4CLI 300 4.027 22,633 loo 2,26 24.1 2.269 Z4. 6. Re¢ei s from charitable artbvities Children & Families, Work Youth Worker Church Groups 700 70 4,707 5,407 1,200 5,677 6,877 4,70 4,70 700
Yea ended 3 May 2025 Year onded 31 May 2024 Restrlrted Unrestrfcted funds fund 7.Pa ments relatln Gross Pay- Minister Gross Pay- Children & Families, Worker Gross Pay- Youth Worker Ernployer'5 Nl Employer's Pension Mileage Telephone Council Tax & & Housing Allowance Baptist Union of Scotland Capitation Fee Fabric: PBC Fabric: St Win¢ent Street CPD Costs Insurance Property Services (Cleaning, Grass & Wastel: PBC Property SeNices (Cleaning & Wastel.. St Vincent Street Utilities IGas, Electric. Broadband & Waterl.. PBC Utilities (Gas, Elettric, Broadband & Waterl.. St Vincent Street Project Fund Photocopy- & Printing Office & Cleaning Supplies Other Admin Costs Visiting Preachers Chltrch Groups Catering Expenses Sundry Ministry Costs Ukraine ministry dlrectl to charltable actlvltles 39,83 13,91 6,93 39,83 13,91 7.63 39.073 12,852 13.023 707 4,712 1.096 420 7.278 4,2(1 10,693 215 350 3,340 5,634 1,983 2,371 7Ch) 4,925 1,01 42 7,39 4.20 3,78 4,92 i.oi 42 7.39 4.20 3.78 29 29 3,525 7,873 2,08 4,26 3,52 7,87 2,08 2.17 2,17 1,54 29 559 1,276 1.849 1,548 29 559 1,27 619 1,079 1.015 150 5.090 774 6,05 63 302 6,059 632 30 822 10,223 129.568 2.248 111.86 114,11 8. Grants & Donctions During the year gronts and donations were paid 05 follows.. Year ended Year ended Year ended Year ended 31 Ma¥ 2025 31 May 2025 31 May 2024 31 May 2024 no no Organisations Individuals Total donatlons made 4,745 3,425 8,170 4.835 2.350 7.185 li li 13 io
- Pension Obli ations The Church is a participating employer the Boptist Pension Scheme I'the Scheme"). which a separate legal enlity administered by the Pension Truslee (Baptist Pension Trust Limitedl. The asset5 of the Scheme ore held separately fiom Ihose ol the Employer ond the other participating employe. The scheme. previously known 0$ the Baptist Ministers. Pension Fund, storted in 1925. but wos closed to fulure accrual ofdefined benefits on 31 December 2011. Priorto this dote the main benefit provided through the Delined Benefit IDBI Planwas a pension ofone eightieth of final minimum pensionable income for eoch year of pensionoble service together wth additional pension in respect of premium5 paid on Pensionable Income in excess of Minimum Pensionable Income. Since l January 2012. benefits hove been provided through a Defined Contribution (DCI Plan. A formal valvation of the DB Plan as at 31 December 2019 by a professionally quolified Acluary using the Projected Unit Melhod. At the valuation date the market value ol the DB Plan assets was £298 million. whilsl the level of assets needed lo pay benefits was £316m, giving a deficit of £18m lequivalent to a past service funding level o194%1. The Church and the other participating employers in the D8 Plon ore collectively responsible lor funding this deficit. The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022. On 301h June 2022 the Baptist Pension Scheme signed an agreement wilh the insurance company Just Group I"Just"I to secure DB Plon members, pension benefits. Just ore now providing financial bocknng for all pensions provided through the Scheme's DB Plan and following this transaction, the Scheme no longer hos o shortfall. An updated Recovery plan was then signed in August 2022 underwhich recovery conlribufions from each participaling employer in the D8 Plan reduced to £1 per month from August 2022. Fund in Deficit At 31 May 2024 Ihe Ukraine Ministy fvnd was in deficil by £467. but this wos cleared by a transfer from the unrestricted reserve during 2024125.
Independent Examlner's Report to the Trustees of Broughty Ferry Baptlst Church scio I report on the account5 of the chority for the year ended 31 Moy 2025 which are set oul on pages 7 10 10. This report is made to the chc7ritie5 trustees, as a body. My Work has been undertaken to enoble me to undertake an independent examination ol the charity's accounts on beholf of the charity's trustees and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than Ihe charity and the charily's trustees a5 a body lor my work or this report. Respective re$ponslbllltie$ of ITUStees and examlner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charilies and Trustee Investment (Scotlandl Act 2CK)5 ond the Chorities Accounts (Scollandl Regulations 211)6. The charity trustees consider that the audit requirement of Regulation 101 I I Idl of the Account5 Regulations does not apply. It is my respon51bility to examine the accounts os required underseclion 4411 I Icl of the Act ond to stale whether porticular matters have come to my attention. Basls of Independent examlner's staternent My examination 15 carried out in accordonce with the Regulotion I l of the Charit165 Account5 (Scotlandl Regulotions 2006. An exominotion include5 a review of the accounting records kept by Ihe charity and a compcrison of the occounts presented with those records. It 0150 includes con51deralion of any unusual items or disclosures in the occount5 and seeks explanations Irom the trustees conceming ony such matters. The procedures undertaken do not provide oll the evidence that would be required in an oudit, and consequently I do not express an audit opinion on the view given by the accounts. Independenl examlneT'S Statement In the course of my examination. no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements= to keep accounting records in accordance with Section 4411) lal of the 2W5 Act and Regulation 4 of the 26 Accoun15 Regulations. and to prepare accounts which accord with the accounting records and comply wfh Regulation 9 of the 2(X)6 Accounts Regulations have not been met. or 2. to which. in my opinion, attention should be drown in order to enable a proper understanding of the accounts to be reached. other than those points noted below.. the occounls hove been prepared on a Receipts and Payment5 Bosis although their Turnover is over £250.OCt) os a result of o one-off tronsoction from the Sale of Properly. Income is onticipoted to be below £250.OCM) lor the next financial year. nothon N Innes FCCA Managing Director Innes & Portners Limited Chartered Certified Accountants Dote.. 9 Ardross Street Inverne55 IV35NN ¢iS 12