Scottish Charity Number: SC051920
Lossie Baptist Church SCIO Annual Report and Financial Statements for the year ended 5 April 2025
Innes & Partners Chartered Certified Accountants
Lossie Baptist Church SCIO
Contents for the year ended 5 April 2025
| Page | |
|---|---|
| Reportofthe Trustees | 1 |
| Reportofthe Independent Examiner | 5 |
| Statement ofFinancial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheFinancialStatement | 8 |
Lossie Baptist Church SCIO Report of the Trustees for the year ended 5 April 2025
The trustees present their annual report and financial statements of the charity for the year ended S April 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and UK Generally Accepted Accounting Practice.
Objectives and Activities
The aims of the Church, which is affiliated to the Baptist Union of Scotland, are to worship together in Spirit and truth, to build members up in the Faith and to proclaim the Gospel of Jesus Christ in word and action. There have been no changes in objectives since the last annual report. We have continued to provide our services online for those who are unable to come to the Church, and made the decision to move our morming service to 10:30am from the 30" October 2022. Our evening service remains at 6pm.
ee in the role as Associate Pastor on 7" November 2022. We began a search for an Associate Pastor after our members meeting in May 2021 with two rounds of interviews resulting in no candidate being put forward by the vacancy tearmEbrofite was sent to us by the Baptist Union of Scotland and Liam preached in the church on the 7“ August followed by an interview with the vacancy team who were unanimous in proposing him for the post.{jwas approved to go before the church at our leadership meeting on the 5" September, preached with a view on the 18" September and was accepted at our AGM on the 21* September 2022.
The principal activities to achieve the objectives of the Church are public worship of God and the running of Small Groups, Mother & Toddler Group, Junior Church, Kids’ Church, Youth Fellowship, and Men’s Fellowship.
We also moved from being a unincorporated charity to a Scottish Charity Incorporated Organisation (SCIO). We agreed as a church to begin this process in March 2022 and have been slowly closing down the unincorporated charity and have now fully become a SCIO.
Grant Making Policy
The policy of giving donations to individuals and charitable organisations that are generally known to the Trustees and the Church has been continued. The beneficiaries are involved in activities or ministries compatible with the church’s objectives.
Review of our Achievement and Performance
During the year we did the following outreach events, Christianity Explored, Pilates, rented the hall to blood donors, Put on meals etc. to the needed, we do a coffee morning for between 50 to 70 attendees, facilitate Alcoholics Anonymous and we also are active in helping the Boys Brigade.
Financial Review
The financial statements for the year are set out on pages 6 to 16. The Statement of Financial Activities on page 6 reflects net outgoing resources of £49,934 (2024: net outgoing resources of £108,799).
The church receives its funding from church members and attendees by way of weekly offerings and gift aid donations.
Investment Policy and Performance
The investments of the congregation are held in a permanent endowment fund.
Page |
Lossie Baptist Church SCIO Report of the Trustees for the year ended 5 April 2025
Risk Management
The Trustees have assessed the major risks to which the charity is exposed on an ongoing basis and have established procedures to mitigate those that are identified as a result of these reviews.
Reserves Policy
It is the policy of the church to maintain unrestricted funds, ie funds not committed or invested in Fixed Assets, at a level which equates to approximately 6 months unrestricted expenditure. This allows sufficient funds to enable the ongoing work of the church to be maintained. The General Fund on page 15 at S April 2025 amounted to £216,572 (2024: £234,756). Reserves held at 5 April 2025 are above the recommended level.
Total reserves, including the net book value of Fixed Assets and balances on restricted funds amounted to £1,251,250 (2024: £1,301,184).
Structure, Governance and Management
Lossie Baptist Church SCIO (SC051920) is a Scottish Charitable Incorporated Organisation (SCIO). It was registered in its current legal form on 5 August 2022. The charity was previously an Unincorporated Organisation (SC003472). The majority of assets of the unincorporated association were transferred to the SCIO on 27 September 2022. Cash was transferred on 27 Apri! 2023 due to difficulties opening a new bank account.
The church is congregational in policy and its day to day running is undertaken by the Office Bearers, Deacons and Elders who are all Trustees. The Trustees who served during the year and to the date of this report were as stated on page 3 of this report.
Deacons are elected to serve for a period of three years, such election being held by ballot after nomination in writing by two members of the congregation. Elections took place at the March Business Meeting. A 2/3 majority of votes cast is required for election. In the event of the Diaconate decreasing below the minimum number which is five, other members may be co-opted by the Diaconate to serve as Deacons until such time as they can stand for election by the members in the normal way.
Elder(s) are elected to serve for a period of five years. Following the election of Elder(s), together with the Pastor, they will nominate further Elders to be elected by ballot by the Church Members at the October Church Members Business Meeting. A 2/3 majority of votes cast is required for election.
Each Office Bearer can resign at any time. The Church members can also call for resignation of any or all of the Office Bearers at any time. All new Deacons are required to read the OSCR Guidance for Charity Trustees. Thereafter, additional training is by mentoring while in post and attendance at training courses, as available.
Page 2
Lossie Baptist Church SCIO
Report of the Trustees for the year ended 5 April 2025
| Reference and Administrative Information | Reference and Administrative Information |
|---|---|
| Pastor: | |
| Associate Pastor: | |
| Children’s & Families Worker: | |
| Secretary | |
| Treasurer | |
| Elders: | |
| Deacons: | |
| Principal Office: | Ministry Centre |
| Lossiemouth Baptist Church | |
| King Street | |
| Lossiemouth | |
| IV31 6AE | |
| Charity Number: | SC051920 |
| IndependentExaminer: | Po |
| Innes & Partners Limited | |
| Chartered Certified Accountants | |
| 9 Ardross Street | |
| Inverness | |
| IV3 5NN | |
| Bankers: | Virgin Money |
| 151 High Street | |
| Elgin | |
| [V30 1DS | |
| Solicitors: | Cockburns |
| Solicitors & Estate Agents | |
| 82 High Street | |
| Elgin | |
| IV30IBL |
Page 3
Lossie Baptist Church SCIO Report of the Trustees for the year ended 5 April 2025
Trustees’ Responsibilities in relation to the Financial Statements
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
-
e select suitable accounting policies and then apply them consistently; e observe the methods and principles in the applicable Charities SORP 2019 (FRS 102); e make judgements and estimates that are reasonable and prudent;
-
e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
© prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Trustees on be~ C8 -++++.2025 and signed on their behalf by:
Page 4
Lossie Baptist Church SCIO Report of the Independent Examiner for the year ended 5 April 2025
I report on the accounts of the church for the year ended 5 April 2025 which are set out on pages 6 to 16.
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 trustees consider that the audit requirement of Regulation 10(1) (a) to (c) 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 Examiners’ 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: e 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
-
e to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended)
have not been met, or
- 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
Date:[ANB] 2025
9 Ardross Street Inverness IV3 5NN
CharterInn e dsCertified& AccountantsPartners
Page 5
Lossie Baptist Church SCIO
Statement of Financial Activities for the year ended 5 April 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Total|Total|
|Note|Unrestricted|Restricted|Endowment|Funds|Funds|
|Funds|Funds|Funds|2025|2024|
|£|£|£|£|£|
|Income|
|Donations|and|Legacies|3|162,603|-|$|162,603|156,238|
|Charitable|Activities|4|3,687|.|-|3,687|3,362|
|Investments|5|4,633|-|80|4,713|14,153|
|Other|6|3,030|-|-|3,030|2,294|
|Total|Income|173,953|-|80|174,033|176,047|
|Expenditure|
|Charitable|Activities|7|224,064|-|-|224,064|284,888|
|Total|Expenditure|224,064|-|-|224,064|284,888|
|Net income/(expenditure)|before|
|gains/(losses)|on|investments|(50,111)|-|80|(50,031)|(108,841)|
|Transfers|between|funds|14|-|-|-|-|-|
|(50,111)|-|80|(50,031)|(108,841)|
|Gains/(losses)|on|investment|assets|-|-|97|97|42|
|Net|Movement|in|Funds|(50,111)|-|177|(49,934)|(108,799)|
|Reconciliation|of Funds|
|Total|Funds|Brought|Forward|1,233,457|63,067|4.660|1,301,184|1,409,983|
|Total|Funds|Carried Forward|13|1,183,346|63,067|4,837|1,251,250|1,301,184|
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Page 6
Lossie Baptist Church SCIO Balance Sheet as at 5 April 2025
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Endowment | Funds | Funds | |
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Fixed Assets | ||||||
| Tangible assets | 9 | 963,767 | - | - | 963,767 | 994,045 |
| Investments | 10 | - | . | 2,160 | 2,160 | 2,063 |
| Total Fixed Assets | 963,767 | - | 2,160 | 965,927 | 996,108 | |
| Current Assets | ||||||
| Debtors | 11 | 14,350 | 929 | : | 15,279 | 29,687 |
| Cash at Bank and in Hand | 212,252 | 62,138 | 2,677 | 277,067 | 283,215 | |
| Total Current Assets | 226,602 | 63,067 | 2,677 | 292,346 | 312,902 | |
| Liabilities | ||||||
| Creditors falling due within one | ||||||
| year | 12 | 7,023 | - | - | 7,023 | 7,826 |
| Net Current Assets/(Liabilities) | 219,579 | 63,067 | 2,677 | 285,323 | 305,076 | |
| Total Assets less Current Liabilities | 1,183,346 | 63,067 | 4,837 | 1,251,250 | 1,301,184 | |
| Net Assets | 13 | 1,183,346 | 63,067 | 4,837 | 1,251,250 | 1,301,184 |
| The Funds ofthe Charity | ||||||
| Endowment Funds | - | - | 4,837 | 4,837 | 4,660 | |
| Restricted Income Funds | - | 63,067 | - | 63,067 | 63,067 | |
| Unrestricted Funds | 1,183,346 | - | - | 1,183,346 | 1,233,457 | |
| TotalCharityFunds | 14 | 1,183,346 | 63,067 | 4,837 | 1,251,250 | 1,301,184 |
The notes on pages 8 to 16 form part of these accounts. The accounts were approved by the trustees on aA~CR.—....2025 and signed on their behalf by:
Page 7
Lossie Baptist Church SCIO
Notes to the Financial Statements for the year ended 5 April 2025
- Accounting Policies
Basis of Preparation and Assessment of Going Concern
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Funds Structure
Unrestricted funds can be used for any purpose which meets the objectives of the Church. Within this category the Trustees may designate funds for specific purposes and these are highlighted in the financial statements as Designated Funds.
Restricted funds are those which can be disbursed only for purposes set by the donor or the terms of the appeal under which they were raised.
Endowment funds are to be held in perpetuity. It is only the income arising from these funds that is expendable.
Income Recognition
All voluntary income and bank interest is accounted for when received apart from income tax recoveries on Gift Aid which are accounted for on an accruals basis. Investment income is included when received. Grants which are not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Debtors and creditors receivable / payable within one year Debtors and creditors receivable or payable within one year are recorded at transaction price.
Expenditure Recognition and Irrecoverable VAT
Expenditure is recognised on an accruals basis whena liability is incurred. Expenditure includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.
Charitable Activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 8
Lossie Baptist Church SCIO
Notes to the Financial Statements for the year ended 5 April 2025
- 1, Accounting Policies (cont’d)
Tangible Fixed Assets and Deprecation
Until 31 December 1999, neither the original cost nor the improvements to property, furniture and equipment were capitalised because the buildings are historic. As the original costs were not available the insurance valuation at 31 December 1999 was included in the accounts. Since 1 January 2000, all improvements to property and additions to furniture and equipment have been capitalised and depreciated.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the asset as follows:
Property 2% straight line (previously 1%) Church furniture and equipment 20% straight line (previously 10%)
Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably.
Pensions
The church contributes to defined contribution pension schemes of its employees.
- Related Party Transactions and Trustees’ Expenses and Remuneration The trustees did not receive any remuneration or expenses for their services in the year (2024: £nil), in their capacity as Trustees.
a: employed as Pastor of the church and is also a Trustee. During the year, he received a salary of £39,801 (2024: £37,918) and employers pension contributions of £3,903 (2024: £3,767). These are in relation to his position as Pastor. i : employed as Associate Pastor of the church and is also a Trustee. During the year, he received a salary of £38,635 (2024: £36,807) and employers pension contributions of £3,157 (2024: £3,056). These are in relation to his position as Associate Pastor.
Page 9
Lossie Baptist Church SCIO
Notes to the Financial Statements for the year ended 5 April 2025
| 3. | Donations and Legacies | Total | Total | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Funds | Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Weekly Offerings | 8,177 | . | - | 8,177 | 13,373 | |
| Gift Aid Donation | 105,670 | - | - | 105,670 | 93,020 | |
| GiftAid Reclaimed | 29,894 | . | - | 29,894 | 17,739 | |
| Donations | 13,316 | - | - | 13,316 | 27,689 | |
| Little Acorns | 1,195 | - | - | 1,195 | 1,193 | |
| Hall Rentals | 4,351 | - | - | 4,351 | 3,224 | |
| 162,603 | - | - | 162,603 | 156,238 | ||
| Donations and Legacies (comparatives) | Total | |||||
| Unrestricted | Restricted | Endowment | Funds | |||
| Funds | Funds | Funds | 2024 | |||
| £ | £ | £ | £ | |||
| Weekly Offerings | 13,373 | - | - | 13,373 | ||
| GiftAid Donation | 89,761 | 3,259 | . | 93,020 | ||
| GiftAid Reclaimed | 16,496 | 1,243 | . | 17,739 | ||
| Donations | 27,419 | 270 | - | 27,689 | ||
| Little Acorns | 1,193 | . | . | 1,193 | ||
| Hall Rentals | 3,224 | . | . | 3,224 | ||
| 151,466 | 4,772 | - | 156,238 | |||
| 4. | Charitable Activities | Total | Total | |||
| Unrestricted | Restricted | Endowment | Funds | Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Coffee Momings | 3,687 | - | - | 3,687 | 3,362 | |
| 3,687 | - | - | 3,687 | 3,362 | ||
| Charitable Activities (comparatives) | Total | |||||
| Unrestricted | Restricted | Endowment | Funds | |||
| Funds | Funds | Funds | 2024 | |||
| £ | £ | £ | £ | |||
| Coffee Mornings | 3,362 | - | - | 3,362 | ||
| 3,362 | - | - | 3,362 | |||
| 5. | Investments | Total | Total | |||
| Unrestricted | Restricted | Endowment | Funds | Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| InvestmentIncome | 4,633 | . | 80 | 4,713 | 14,153 | |
| 4,633 | ~ | 80 | 4,713 | 14,153 | ||
| 5. | Investments (comparatives) | Total | ||||
| Unrestricted | Restricted | Endowment | Funds | |||
| Funds | Funds | Funds | 2024 | |||
| £ | £ | £ | £ | |||
| Investment Income | 12,262 | 1,891 | - | 14,153 | ||
| 12,262 | 1,891 | - | 14,153 |
Page 10
Lossie Baptist Church SCIO Notes to the Financial Statements for the year ended 5 April 2025
| 6. | Other | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Endowment | Funds | Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | |||
| £ | £ | £ | £ | £ | |||
| Sundry Income | 3,030 | - | - | 3,030 | 2,294 | ||
| 3,030 | - | - | 3,030 | 2,294 | |||
| Total | |||||||
| Other (comparatives) | Unrestricted | Restricted | Endowment | Funds | |||
| Funds | Funds | Funds | 2024 | ||||
| £ | £ | £ | £ | ||||
| Sundry Income | 2,294 | - | - | 2,294 | |||
| 2,294 | - | - | 2,294 | ||||
| 7. | Analysis ofExpenditure | Total | Total | ||||
| Unrestricted | Restricted | Endowment | Funds | Funds | |||
| Funds | Funds | Funds | 2025 | 2024 | |||
| Charitable Expenditure | £ | £ | £ | £ | £ | ||
| Ministerial Salary | 100,779 | . | - | 100,779 | 94,752 | ||
| Pension | 8,374 | - | - | 8,374 | 8,564 | ||
| Pulpit Supply | 440 | - | - | 440 | 300 | ||
| Telephone& Intemet | 1,888 | - | - | 1,888 | 1,272 | ||
| Electicity& Gas | 11,592 | - | - | 11,592 | 10,867 | ||
| Council Tax | 1,782 | - | . | 1,782 | 1,729 | ||
| Rates& Insurance | 7,586 | . | - | 7,586 | 6,527 | ||
| Repairs& Improvements | 4,889 | - | - | 4,889 | 74,924 | ||
| Cleaning expenses | 1,335 | - | - | 1,335 | 2,840 | ||
| Advertising | 250 | - | - | 250 | 289 | ||
| Social Events | 37 | ~ | - | 37 | 2,445 | ||
| Stock | 1,109 | - | - | 1,109 | 1,515 | ||
| Magazines & Books | 1,923 | - | - | 1,923 | 299 | ||
| Professional fees | 1,212 | - | - | 1,212 | 1,867 | ||
| Mission | 15 | 24,892 | - | . | 24,892 | 22,947 | |
| Stationery& Printing | 2,651 | - | - | 2,651 | 1,652 | ||
| Independent examiners fee | 3,252 | - | - | 3,252 | 3,252 | ||
| Sundries | 2,046 | - | - | 2,046 | 3,044 | ||
| Minister& Children's WorkerExpenses | 1,687 | - | - | 1,687 | 3,765 | ||
| Youth costs | 1,931 | - | - | 1,931 | - | ||
| KidsClub and Little Acom expenses | 3,468 | - | - | 3,468 | - | ||
| Rooted expenses | 680 | - | - | 680 | - | ||
| Training | 205 | ~ | + | 205 | 1,165 | ||
| Gifts | 16 | 6,843 | - | - | 6,843 | 8,520 | |
| Audio Visual | 2,680 | - | - | 2,680 | 1,862 | ||
| Website | 255 | - | - | 255 | 213 | ||
| Depreciation | 30,278 | - | - | 30,278 | 30,278 | ||
| 224,064 | - | - | 224,064 | 284,888 | |||
| Total | 224064-™~—“—~tsS:S~C‘“‘é‘i | -™~—“—~tsS:S~C‘“‘é‘iOG | 284888 |
Support costs have not been separately identified as the trustees consider that there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.
Page Il
Lossie Baptist Church SCIO Notes to the Financial Statements for the year ended 5 April 2025
7. Analysis of Expenditure Expenditure (comparatives)
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Analysis|of Expenditure Expenditure|(comparatives)|Total|
|Unrestricted|Restricted|Endowment|Funds|
|Funds|Funds|Funds|2024|
|Charitable|Expenditure|£|£|£|£|
|Ministerial|Salary|94,752|-|-|94,752|
|Pension|8,564|-|-|8,564|
|Pulpit|Supply|300|-|-|300|
|Telephone &|Internet|1,272|-|-|1,272|
|Electicity &|Gas|10,867|-|-|10,867|
|Council|Tax|1,729|-|-|1,729|
|Rates &|Insurance|6,527|-|-|6,527|
|Repairs|&|Improvements|50,777|24,147|-|74,924|
|Cleaning|expenses|2,840|-|.|2,840|
|Advertising|289|-|-|289|
|Social|Events|2,445|-|-|2,445|
|Stock|1,515|-|-|1,515|
|Magazines|&|Books|299|-|:|299|
|Professional|fees|1,867|-|.|1,867|
|Mission|22,947|-|-|22,947|
|Stationery &|Printing|1,652|-|-|1,652|
|Independent|examiners|fee|3,252|-|-|3,252|
|Sundries|3,044|-|-|3,044|
|Minister &|Children's|Worker|Expenses|3,765|-|*|3,765|
|Training|1,165|-|-|1,165|
|Gifts|8,520|-|-|8,520|
|Audio|Visual|1,862|-|-|1,862|
|Website|213|-|-|213|
|Depreciation|30,278|-|-|30,278|
|260,741|24,147|-|284,888|
|260,741|24,147|-|284,888|
|Analysis|of Staff Costs Staff Costs Costs|Total|Total|
|2025|2024|
|£|£|
|Salaries|and wages|96,441|88,407|
|Social|security|costs|4,338|6,345|
|Pension|costs|8,374|8,564|
|109,153|103,316|
|Total|Total|
|2025|2024|
|Number|Number|
|Pastoral|/|Ministry|3|3|
|3|3|
|No|employee|had|employee|benefits|in|excess|of £60,000|(2024:|nil).|
----- End of picture text -----
8. Analysis of Staff Costs Staff Costs Costs
Page 12
Lossie Baptist Church SCIO Notes to the Financial Statements for the year ended 5 April 2025
| 9. | Tangible Fixed Assets | Heritable | |||
|---|---|---|---|---|---|
| Property | Extension | Equipment | Total | ||
| £ | £ | £ | |||
| Cost / Valuation | |||||
| As at6Apmil2024 | 664,012 | 744,062 | 148,407 | 1,556,481 | |
| As at § April 2025 | 664,012 | 744,062 | 148,407 | 1,556,481 | |
| Depreciation | |||||
| As at 6 April 2024 | 240,711 | 176,507 | 145,218 | 562,436 | |
| Charge fortheyear | 13,280 | 14,883 | 2,115 | 30,278 | |
| As at5 April 2025 | 253,991 | 191,390 | 147,333 | 592,714 | |
| Net Book Value | |||||
| As at 5 April 2024 | 423,301 | 567,555 | 3,189 | 994,045 | |
| Asat5April2025 | 410,021 | 552,672 | 1,074 | 963,767 |
| The heritable property comprises the church and manse. | The heritable property comprises the church and manse. | The heritable property comprises the church and manse. | Fixed assets were included at insurance | Fixed assets were included at insurance | Fixed assets were included at insurance | valuations made in 1999 as no | valuations made in 1999 as no | |
|---|---|---|---|---|---|---|---|---|
| cost information was available. Additions | since that date are included at cost. | |||||||
| 10. | Investments | Total | Total | |||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Market value as at | 6 April 2024 | 2,063 | 2,021 | |||||
| Unrealised gain / (loss) on investments | 97 | 42 | ||||||
| Market value as at | 5 April 2025 | 2,160 | 2,063 | |||||
| Analysis ofinvestments at 5April 2025 between funds | ||||||||
| UK Quoted shares | 2,160 | 2,063 | ||||||
| 2,160 | 2,063 | |||||||
| All ofthe investments relateto the MacKilligan Trust. | ||||||||
| 11. | Analysis ofDebtors | Total | Total | |||||
| Unrestricted | Restricted | Endowment | Funds | Funds | ||||
| Funds | Funds | Funds | 2025 | 2024 | ||||
| £ | £ | £ | £ | £ | ||||
| Trade Debtors | 1,170 | 1,170 | - | |||||
| Other debtors | 13,180 | 929 | - | 14,109 | 29,687 | |||
| 14,350 | 929 | - | 15,279 | 29,687 |
Page 13
Lossie Baptist Church SCIO Notes to the Financial Statements for the year ended 5 April 2025
| 12. | Analysis ofcurrentlabilities andlongterm | term creditors | Total | Total | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Funds | Funds | ||
| Funds | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Duewithin 1 year | ||||||
| Accruals and deferred income | 4,882 | - | - | 4,882 | 7,112 | |
| Taxation and Social Security | 2,141 | - | - | 2,141 | 714 | |
| 7,023 | - | - | 7,023 | 7,826 | ||
| 13. | Analysis ofNetAssetsAmong Funds | Total | ||||
| Unrestricted | Restricted | Endowment | Funds | |||
| Funds | Funds | Funds | 2025 | |||
| £ | £ | £ | £ | |||
| Fixed Assets | 963,767 | - | - | 963,767 | ||
| Investments | - | - | 2,160 | 2,160 | ||
| Current Assets | 226,602 | 63,067 | 2,677 | 292,346 | ||
| Current Liabilities | (7,023) | - | - | (7,023) | ||
| As at5April 2025 | 1,183,346 | 63,067 | 4,837 | 1,251,250 | ||
| Total | ||||||
| Unrestricted | Restricted | Endowment | Funds | |||
| Funds | Funds | Funds | 2024 | |||
| £ | £ | £ | £ | |||
| FixedAssets | 994,045 | - | - | 994,045 | ||
| Investments | - | - | 2,063 | 2,063 | ||
| Current Assets | 242,252 | 68,053 | 2,597 | 312,902 | ||
| CurrentLiabilities | (2,840) | (4,986) | - | (7,826) | ||
| Asat5April2024 | 1,233,457 | 63,067 | 4,660 | 1,301,184 |
Page 14
Lossie Baptist Church SCIO Notes to the Financial Statements for the year ended 5 April 2025
| 14. | Movement in | Funds | |||||
|---|---|---|---|---|---|---|---|
| As at | Incoming | Outgoing | Transfers | As at | |||
| 06.04.2024 | Resources | Resources | Gains/Losses | 05.04.2025 | |||
| £ | £ | £ | £ | £ | |||
| Endowment Funds | |||||||
| Expendible MacKilligan Trust | 2,597 | 80 | = | $ | 2,677 | ||
| Permanent MacKilligan Trust | 2,063 | . | - | 97 | 2,160 | ||
| 4,660 | 80 | - | 97 | 4,837 | |||
| Restricted Funds | |||||||
| Extension | 59,411 | - | - | : | 59,411 | ||
| Youth Pastor/Worker | 3,656 | - | - | = | 3,656 | ||
| 63,067 | - | - | - | 63,067 | |||
| Unrestricted | Funds | ||||||
| General | 234,756 | 172,901 | (188,790) | (2,295) | 216,572 | ||
| Extension | 3 | s | e | . | z | ||
| Kids Church | 4,656 | 1,052 | (2,701) | - | 3,007 | ||
| Youth Fellowship | - | - | (2,043) | 2,043 | - | ||
| Junior Church | - | - | (252) | 252 | - | ||
| Fixed Assets | 994,045 | - | (30,278) | - | 963,767 | ||
| 1,233,457 | 173,953 | (224,064) | - | 1,183,346 | |||
| Total Funds | 1,301,184 | 174,033 | (224,064) | 97 | 1,251,250 | ||
| As at | Incoming | Outgoing | Transfers | As at | |||
| 06.04.2023 | Resources | Resources | Gains/Losses | 05.04.2024 | |||
| £ | £ | £ | £ | £ | |||
| Endowment Funds | |||||||
| Expendible MacKilligan Trust | 2,597 | - | - | . | 2,597 | ||
| Permanent MacKilligan Trust | 2,021 | . | - | 42 | 2,063 | ||
| 4,618 | - | - | 42 | 4,660 | |||
| Restricted Funds | |||||||
| Extension | 76,895 | 6,663 | (24,147) | - | 59,411 | ||
| Youth Pastor/Worker | 3,656 | - | - | - | 3,656 | ||
| 80,551 | 6,663 | (24,147) | - | 63,067 | |||
| Unrestricted | Funds | ||||||
| General | 296,038 | 166,544 | (206,253) | (21,573) | 234,756 | ||
| Extension | 471 | 2,335 | (23,979) | 21,173 | - | ||
| Kids Church | 4,151 | 505 | - | - | 4,656 | ||
| JuniorChurch | (169) | . | (231) | 400 | - | ||
| Fixed Assets | 1,024,323 | . | (30,278) | . | 994.045 | ||
| 1,324,814 | 169,384 | (260,741) | - | 1,233,457 | |||
| TotalFunds | 1,409,983 | 176,047 | (284,888) | 42 | 1,301,184 |
Page 15
Lossie Baptist Church SCIO
Notes to the Financial Statements for the year ended 5 April 2025
Fund Purposes:
Endowment Funds:
The Expendible MacKilligan Trust represents funds which can be disbursed to those in need within the church family. The Permanent MacKilligan Trust - only the income from this fund can be disbursed.
Restricted Funds:
The Extension Fund represents funds raised which will be utilised for the church's extension.
The Youth Pastor/Worker Fund represents funds received towards the employment of a full-time youth worker. Unrestricted Funds:
The General Fund is used for the general congregational purposes of the fellowship which meets in Lossiemouth Baptist Church.
The Extension Fund provides for the building and maintenance of the church extension.
The Kids Church Fund is funds raised for the kids church to use as they see fit.
The Junior Church Fund represents funds spent on youth work.
The Fixed Assets Fund represents the net book value of the church's property, fittings and equipment, net of all loans, distinguishing their value from unrestricted general funds immediately available for use.
| 15. | Mission | Total | Total |
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Individuals | |||
| 2,200 | - | ||
| - | 1,000 | ||
| Sub-total | 2,200 | ~~—«*1,000 | |
| Institutions | |||
| Care | 600 | 600 | |
| OM | 1,500 | 1,500 | |
| Stonehaven BaptistChurch | 4,400 | 6,600 | |
| Stotfield Hotel | 1,295 | - | |
| Open Doors Ministry | 2,681 | - | |
| Asia Link | 400 | 1,000 | |
| GLIA/Centre ofHope | 2,400 | 1,719 | |
| Eden Materials | - | 780 | |
| Collydean BaptistChurch | 5,200 | 2,800 | |
| Magnitude | - | 1,272 | |
| BMS | 2,527 | 1,200 | |
| Scripture Union | - | 700 | |
| Other Institutions (under£500) | 600 | 125 | |
| Sub-total | 21,603 | 18,296 | |
| Others | |||
| Other donations and gifts below £500 | 1,089 | 3,651 | |
| Totaldonationsandgifts | 24,892 | 22,947 |
Page 16
Lossie Baptist Church SCIO
Notes to the Financial Statements for the year ended 5 April 2025
| 16. | Donations and gifts | Total | Total | ||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Individuals | |||||
| Sub-total | 1,000 | 1,000 | |||
| Institutions | |||||
| SBF | 5,593 | 5,700 | |||
| Lossiemouth Community Council | - | 1,000 | |||
| UCB | : | 120 | |||
| Sub-total | 5,593 | 6,820 | |||
| Others | |||||
| Otherdonations andgiftsbelow £500 | 250 | 700 | |||
| Total donations and gifts | 6,843 | 8,520 | |||
| 17. | Statement of Financial Activities for the year ended 5 April 2024 | Total | |||
| Unrestricted | Restricted | Endowment | Funds | ||
| Funds | Funds | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Income | |||||
| Donations and Legacies | 151,466 | 4,772 | - | 156,238 | |
| Charitable Activities | 3,362 | - | - | 3,362 | |
| Investments | 12,262 | 1,891 | - | 14,153 | |
| Other | 2,294 | - | - | 2,294 | |
| Total Income | 169,384 | 6,663 | - | 176,047 | |
| Expenditure | |||||
| Charitable Activities | 260,741 | 24,147 | - | 284,888 | |
| Total Expenditure | 260,741 | 24,147 | . | 284,888 | |
| Net income/(expenditure) before gains/(losses) on | |||||
| investments | (91,357) | (17,484) | - | (108,841) | |
| Transfers between funds | - | - | - | - | |
| (91,357) | (17,484) | . | (108,841) | ||
| Gains/(losses) on investment assets | - | - | 42 | 42 | |
| Net Movement in Funds | (91,357) | (17,484) | 42 | (108,799) | |
| Reconciliation ofFunds | |||||
| Total Funds BroughtForward | 1,324,814 | 80,551 | 4,618 | 1,409,983 | |
| TotalFundsCarriedForward | 1,233,457 | 63,067 | 4,660 | 1,301,184 |
- Trustee Donations
During the year donations of £28,730 (2024: £60,021) was received from the Trustees.
Page 17