HAMILTON BAPTIST CHURCH SCIO TRUSTEES, REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2025 S¢ottl$h Charity Numbor SCO52013
HAMILTON BAPTIST CHURCH SCIO CONTENTS OF THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2025 CONTENTS PAGE Report of the Trustees Report of the Independent Examiner Statement of Financial Activities 12 Balance Sheet 13 Notes to the Financial Statements 14
HAMILTON BAPTIST CHURCH SCIO REPORT OF THE TRUSTEES YEAR ENDED 31 JANUARY 2025 Reference and Administration Information Office seer$.. Elders.. Deacons (Tnistees). Pastor in Training.. Church Administrator.. Principle Office.. Hamilton Baptist Church SCIO 23 Kemp Street Hamilton ML3 6QL Telephone." 01698 284004 W&bsite. w.hamiltonba tist.or Charity Dlumber." SC052013
HAMILTON BAPTIST CHURCH SCIO REPORT OF THE TRUSTEES (CONT'D) YEAR ENDED 31 JANUARY 2025 Indep9ndent Examiner. Bankers.. Bank of Scotland New Cross 9 Brandon Street Hamilton ML3 6BZ Solicitors.- iakoneo Legal Services Ltd 48 Speirs Wharf Glasgow G4 9TH
HAMILTON BAPTIST CHURCH SCIO REPORT OF THE TRUSTEES (CONT'D) YEAR ENDED 31 JANUARY 2025 The trustees present their annual report and financial statements for Hamilton Baptist Church SCIO (HBC) for the year ended 31 January 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) Acl 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 (FRS 102) (effective 1 January 2015). Objectives and Activities The charitable objectives ofthe church are to worship God together in Spirit and in Twth, to make disciples of the Lord Jesus Christ and to lead them into maturity through the power ofthe Holy Spirit. for the Glory of God. The church makes gifts from its charitable income to individuals and organisations that are generally known to the Trustees and the church. The beneficiaries are involved in activities or ministries compatible with the church's objectives. Review of Perfom)ance and Achievement In relation to activities-. The 2024125 church year has been anotheryear ofchange which has been encouraging and exciling. Craig Dyer continues as our Senior Pastor, Jonathan Davie as our associate pastor, additionally we have a pastor in- training from Cornhill, Simon Turner. and our ¢hurch administrator Suzanne Logie. It was with great sadness that Amy Gunning resigned as our Youth and Children's Worker. As a leadership team we had 2 resignations from the team. Chris Brooks and Scott Wallace. Also, Andrew Gunning took a sabbatical from the leadership team starting from November 24. We thank them all for their work while serving as trustees and as part of the leadership team. We continue to have a Sunday moming meeting and have also re-introduced Sunday evening meetings. Sunday morning and evening services are recorded and presented on YouTube. Our Wednesday night prayer meetings are held every fortnight and our Growth Groups in homes on the other Wednesdays of each month. In these groups we have studied and discLt5sed the sermons on 2 Peter, John and Acts from the previous Sunday services. The following church organisations continue to meet and are well attended- Sunday crèche. Sunday School, Bible Class, Youth Fellowship, Senior Citizens, Boys, Brigade, Girls, Brigade, Messy Church, Ladies Bible study, Youth Bible studies and Young Adults group. A new ministry in the year has been Mainly Music.
HAMILTON BAPTIST CHURGH SCIO REPORT OF THE TRUSTEES (CONT'D) YEAR ENDED 31 JANUARY 2025 Other activities held on the Church premises are the Sound-Roules Singers and the Wednesday afternoon AA group. The church leadershlp meetings are held every month. The church continue to allow the oulreach ntre known as 'Exodus' in Hillhouse to be Used by Supporting Our Community (SOCI to enable that group to provide accommodalion for several volunteer organisations which promote health and wellbeing for people of all ages in that area of Hamilton. Weekly wè support our local foodbank along with serving at the Harnilton Churches Drop-in Centre once a month. We continue to be grateful to all the leaders and helpers that we have for their regular support of the ongoing work within our organisations. We also acknowledge those who are involved in the great amount of unseen work which goes on behind the scenes. grounds and gardens, building mainlenance, cleaning of the premises, catering etc and to the large number of people who take time to contact regularly those of our fellowship who are sick, elderly OT housebound. Our You Tube services have on average 350 views and we have had a number of excellenl comments about the quality of our You Tube services. Our sermons have also been posted on Soundcloud with over 10,000 listens in the last 12 months. Since we started posting they have been listened to by 50 dffferent countries. For all our ministries, our hope and prayer is Ihat through clear Bible teaching, a lasting impact will be made on all our lives, leading to us fulfilling our vision of a passion for Jesus. which will ultimately lead to a passion for people, missiDn and worship. We continue to provide spiritual and financial support for our missionary work, both at home and abroad.. Hazel and Sakae Yakota continue to serve in Japan, continues to serve with YWAM Orlando, and ontinues to serve in M through M Ission Africa D Ministries within the local schools and we also support 2 other missionaries through the work of the Baptist Missionary Society (BMS). We have also been engaged with organising various special outreach events that allow the church fellowship to be involved e.g, Christmas Coffee shop and Car wash. a Hogmanay Party. a Film Night, Musical evenings and the Boys, & Girls, Brigade Christmas Carol Concert. We hope to hawe more evenls throughout the year thal will help us to reach out to our friends, family and local community. This year we have been blessed wrth Hope Explored courses being run within our local community and just recentlywe have been engaging in prayerwith our Work Pla Prayer time. We give thanks to God for the addition of a number of new families who have begun to attend HBC. We have had g people baptised and added 14 new members. Duiing this year 5 of our church family have died and passed into the presence of their Saviour and we give thanks for their witness, life and Servi among His people at HBC. Our total membership as at 31 January 2025 is 241.
HAMILTON BAPTIST CHURCH SCIO REPORT OF THE TRUSTEES (CONT'D) YEAR ENDED 31 JANUARY 2025 The year 2025126 will Continue to be one of opportunity in which we Can all serve in the vision of the church: Passion for Jesus. Worship, Mission and People with the commencement of a new building project and the redevelopment of the back halls. Financial Review Results for the ear The financial statements for the year are set out on pages 12 and 13. The prior year results represent the merged position of the SCIO and UVA to 31 January 2024. The surplus for the year amounts to £228,112 (2024.. £28.891). The surplus in the current year is significantly increased as a result of our gift day for the building works and subsequent offerings to the building fund. In the year to 31 January 2025. £198,372 was received into the building fund. Income Income amounted to £462,790 {2024.' £266,602), which reflected a 740/0 increase compared with the previous year. As noted above a significant portion of this related to offerings received as part of our Building Fund gift day in November 2024 along with an increased level of gift aid reclaimed as a result of the gift day. Underlying income in the general fund has increased by 30h. a. Offerings received in the year for the Building Fund, including gift aid amounted to £198,372. These are being held in a Restricted Fund. b. The value of gift aid reclaimed increased by £28,549 as a result of the additional income received in the year. Investment income, being interest receNed, totalled £8.793 as we made use of short and longer term deposit accounts. d. Due to timing no income received in FY25 for church and YF weekends. Expenditure Expenditure amounted to £234.378 (2024.. £237,711), a decrease of 1 % on the prior year. Some key points to note in our expenditure this year: Employment costs, at £121,714 were 580/0 higher than in the previous year as a result of Costs including a full year of costs for our senior pastor and admin assistant. b. Missionary support including amounts paid to the BMS and Baptist Union of Scolland (BUS) has decreased by 90k, as support ended for three of our missionaries. 71 Page
HAMILTON BAPTIST CHURCH SCIO REPORT OF THE TRUSTEES (CONT'D) YEAR ENDED 31 JANUARY 2025 c. Our pastor in training costs of £10,002 reflect that role having been filled for the full year. d. While we had concern that our heat and light costs would increase significantly due to new contracts being entered into, our costs have remained largely similar year on year. . The insurance premium looks to have increase by a around £6,000 however this was due lo the ¢hange in accounting treatment applied in the prior year. We will see this smoolh out next year. On a cost basis our insurance costs this year increased by just over 6 %. f. A significanl increase was seen in the prior year within our professional fees as we commissioned Page Park to work with us on the early stages of our building project. Costs in relation to this were £27,996 and account for the reduction we're seeing in accountancy and professional fees. g. Music equipment purchased last year, at a cost of £7,035 related to the new digital sound desk now installed in the church and upgraded sound equipment for the large hall. There were no large purchases this year. h. Increase in catering costs of 240/0 as we introduced our fellowship lunches, starting with those based on area. Princi al SoUrS of fundin The church receives its funding from church members, and adherents, byway of regular and special offerings and Gift Aid donations. Risk Management The continued and ongoing work of the Church is dependent on the continued level of donations and an active membership. The Trustees endeavour to ensure that existing members find relevance in worship and new members are encouraged and welcomed. Over time, the work of the Church may be adversely impacted by changes in society and the demographics of membership. The Trustees seek to mitigate this through initiatives which respond to those changes and encourage new members. Reserves Policy The reserves fall into three categories.. General Fund It is the policy of the Trustees to maintain unrestricted reserves, i.e. unrestricted funds not committed or invested in fixed assets, at a level which equates to three months, offerings. This policy has been complied within during the year ended 31 January 2025.
HAMILTON BAPTIST CHURCH SCIO REPORT OF THE TRUSTEES {CONT'D) YEAR ENDED 31 JANUARY 2025 Restricted and Desi nated Funds The church holds restricted funds and designated funds which are provided for the purposes Specified in Note 8. Going Concern The Twstees have considered the financial position of the SCIO and with significant funds in the bank are satisfied that they will continue to be able to meet liabilities as they fall due. For that reason the financial statements are prepared on a going concern basis. Structure, Governance and Management Status of Chari and Governin Document Hamilton Baptist Church SCIO is established by Constitution. The church is a registered Scottish Charity with OSCR - (Number SC052013). The church is congregational in policy and is affiliated to the Baptist Union of Scolland. Trustees For the purpose of Charity law, the church's Trustees are the Office Bearers, Deacons and Elders who undertake its day to day running. The Trustees understood, and fulfilled, their statutory responsibilities during the accounting year. ointment of Trustees Trustees are nominated, and approved, by the membership of the congregation to serve the fellowship. There is no fixed term for Trusteeship but, with the exception of Pastoral staff, they require to be reappointed every four years. Prior to their appointment, new Trustees would be active members of the church who would have served the church for some time in various roles and be familiar with the church's values, its aims and objectives as well as its day-to4ay operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilities.
HAMILTON BAPTIST GHURCH SCIO REPORT OF THE TRUSTEES (CONT'D) YEAR ENDED 31 JANUARY 202S Truslees, Responsibilities in relatlon 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 AcGounting standards (United Kingdom Generally Accepted Accounting Practi). 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 ofthe incoming resourS and application of reSoUrs, of the charity for that year. In preparing ihe financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- obserye the methods and principles in the applicable Charilies SORP. make judgements and estimates that are ieasonable and prudent., stale 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 ofthe charity and to enab them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2D05, 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. 101 Page
HAMILTON BAPTIST CHURCH SCIO REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF HAMILTON BAPTIST CHURCH SCIO I report on the accounts of the charity for the year ended 31 January 2025 which are set out on pages 12 to 18. Respective Responslbilities of Trustees and Examiner The charity's Tiustees are Tesponsible forthe preparation of the accounts in accordance with the tems of the Charities and Trustee Investment (Scolland) Act 2005 and the Charities Accounts Iscollandl Regulations 2006 (as amended}. The charity's Trustees consider that the audit requirement of Regulation 10{1) {a) to (c) of the Accounts Regulations does not apply. It ts my responsibility to examine the accounts as required under section 44(11 (c) of the Act and to state whether particular rnatters have come to my attenlion. Basls of Independent Examiner's Statements My examination was carried out in accordance wrth Regulation 11 of the Charities Accounts (Scotland) Regulations 20[ las 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 any 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 account5. Independent Examiner's Statement In the course of my examination, no matter has come to my attention which gives m8 reasonable cause to believe that in any malerial respect the Tequirements.. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of Ihe 2006 Accounts Regulations (as amended), and to prepare accounts which accord with the accounting records and comply with RegutR)n 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. epen enl xaminer 4 Edison Court Mothetwell ML12FY 23 Jw Lo25 111 Page
HAMILTON BAPTIST CHURCH SCIO STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 JANUARY 2025 Unrestricted Restrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Incoming and endowments from: Donations and legacies Investments Other income Total income 254,400 8,793 199,297 453,697 8,793 254,472 263 193 12,130 199,297 462 490 ExndItUre on: Expenditure on charitable activities Total axponditure 234,378 234,378 234,378 234,378 237,711 237711 Net income for the year 28,815 199,297 228,112 28,891 Net Income befor8 Transfer 28,815 199,297 228.112 28.891 Transfers between funds Net movement in funds 28,815 199.297 228,112 28,891 Total funds brought forward 1,157,330 11.916 1,169,246 1,140.035 Total funds carrled forward 1,186,145 211,213 1.397.358 1.169 246 121 Page
HAMILTON BAPTIST CHURCH SCIO BALANCE SHEET YEAR ENDED 31 JANUARY 2025 2025 2024 Not• Fixod assds Tangible fixed assets 630,000 630,OCIO Current assets Debtors Cash al bank 14,188 757,943 9,44S 535,749 Total Gurrent assets 772.131 545.195 Crgditors: Amounts falling due within on• y•ar 4,773 5,949 Net current assèts 767,358 539,246 Net assets 1397 358 1,169,246 Represented by: General fund Designated funds Reslricled fund 232,803 953,342 211,213 327,387 829,943 11.916 1397,358 1169.246 The accounts were approved by the Trustees on behalf by.. and signed on their 13 | Page
HAMILTON BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2025 Accounting policies The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below. Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102} amended 1 January 2019, the Charities and Trustee Inveslment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise staled in the relevant notes to these financial statements. Fund Structure Funds are classified as follows.. Unrestricted funds comprise InMe reiVed by the Church without specified purpose and are available as general funds Restrided funds are funds subject to specific requirements as to their use, within the wider objects of the charity Further details of each fund are disclosed in Note 6. Income Recognition All income is accounted for when the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. All income from donations and legacies is included within income either under general or designated funds, as is bank interest and income from tax recoveries on gift aid. Expenditure Recognition All expenditure is accounted for on an accruals basis. Expenditure includes any VAT and is reported in the line item of the expenditure to which it relates. Charilable expenditure comprises those costs incurred by the charity in the delivery of its activities and ServIS 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. The expenditure on charitable activities includes grants made, governance costs and support costs as shown in the notes. 141 Page
HAMILTON BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONT'D) YEAR ENDED 31 JANUARY 2025 Tangible Fixed Assets and Depreciation The church land is slated at the Trustees, estimate of market value. The church building has been fully depreciated. No depreciation has been provided on the Exodus building since the Trustees consider that the market values well exceed the carrying values. Taxation Hamilton Baptist Church SCIO is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The Charity is not registered for VAT and resources expended therefore include irrecoverable input VAT. 1. Income and Endowments Unrestrlcted funds 2025 Restricted funds 2025 Total funds 2025 Donatlons and legacles Offerings Gift aid lax reclaim Donations and gifts 211,132 37,339 170,475 28,822 381,607 66,161 5,929 453 697 254 400 199,297 Investment Income Interest 8,793 Othèr income Income for Church weekend Income for YF weekend Oonalions for Tearfund Gain on Sa of equipment Unrestrlcted funds 2024 Restricted lund$ 2024 Total funds 2024 Donations and legacies Offerings Gift aid lax ClaiM Donations and gifts 191,690 37,112 22,520 251,322 2,650 500 194,340 37.612 22,520 254.472 3,150 Investment Income Interest Othor income Income for Church weekend Income for YF weekend Donations for Teartund 7,390 2,485 2.255 7.390 2.485 2,255 12,130 151 Page
HAMILTON BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONT'D) YEAR ENDED 31 JANUARY 2025 2. Expenditure Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Expendtturo on charltable activSties Employment costs Kids and youth worker- $elf employed Admin assistsnt- self employed Pastor in training Missionary support Building Costs BMS and BUS donations Heal. light and power EvangelismlPulpit supplylinl mtsjeralor Insurance Telephone, livestream. subscriptions Accountancy and professional fees Water rates Church books chh cleaning Music equipment Stationery and printing Church win¢ Church weekend YF w&ekend Office supplies Miscellaneous costs Bank charges Catering and flowers Seniors First aid 121,714 121,714 76,926 3,¢xio 8,528 10,002 3,304 21,085 24,379 9,670 10,422 17,100 17,600 13,290 12.541 7.009 8,019 8,834 2,649 5,011 3,730 2,142 31,334 2.318 2,208 300 1,213 836 1,025 756 7,035 2.460 2,575 889 2.976 6,890 3,349 10.002 21.085 9.610 17,100 13,290 7,009 8,634 5,011 2,142 2,318 300 836 756 2,460 2,976 7,372 539 5,974 675 575 1,372 3,586 539 5,974 4,800 675 595 575 318 234.378 234,378 237.711 In 2024 expenditure from ¥eslri¢led funds in missionary support was £2.500. All other expenditure was unreslricled. 3. Staff costs and numbers 2025 2024 Wages and salaries Social security costs Pension costs 80.054 52.692 23,625 11.964 18,035 12.270 121,714 76,926 The average number of full lime equivalent employees during the year was 312024.. 31. 161 Page
HAMILTON BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS (CONT'D) YEAR ENDED 31 JANUARY 2025 4. Trustee remuneration and related party transactions There were no expenses paid lo trustees during the year. During the year 8 total of £55,11812024.. £34,150) was donated lo the Church by Trustees. S. Tangible Fixed Assets Hefitable Land PrOrtY Total Cost At 1 Feb 2024 and 31 Jan 2025 560,000 75,388 635,388 Depreciation Al 1 Feb 2024 and 31 Jan 2025 S,388 5.388 Net Book Value Al 31 January 2025 560,000 70.000 630 000 At 31 January 2024 560,000 70,000 630,000 6. Debtors 2025 2024 Prepayments and accrued income 14,188 9.446 7. Creditors: amounts falling due withln one year 2025 2024 Accruals 5.949 171 Page
HAMILTON BAPTIST CHURCH SCIO NOTES TO THE FINANCIAL STATEMENTS {CONT'D} YEAR ENDED 31 JANUARY 2025 8. Movement in Funds Total Net Fund Funds Total In¢omlng Outgolng movement Transfer Transfer Fund$ blfwd resources resources In year in out Unrestricted funds General fund 327 387 263,193 31,751 126,335 232,803 D05ignated funds Designated assets land and property Building Fellowship Mainly music 630,000 183,750 11,213 4,980 829,943 630,000 309,785 10,813 2.744 953 342 13001 14001 2,236 2,936 (3001 14001 2.236 2.936 126,335 126,335 Restrlcted funds Missionary Building 11,916 925 198,372 925 198,372 12,841 198,372 The purpose of the General Fund is for the general administration of the Church. Purposès of deslgnated and restrictgd funds Building Fellowship Missionary Mainly musi fund for any future building work e¢ther designated or donated ministering to those in need provision of support for the work of Mission funds from previous toddlers ministry now used for mainly music Transfers The analysis above includes transfers beeen funds, consistent with the original purpose for which the funds were established. The Church approved the transfer of £100,000 from the General Fund lo the Building Fynd. Other transfers represent adjuslmenls lo opening balances lo record building donations in the correct fund. 9. Volunteers In comrrn with many churches. Hamilton Bapt15t Church SCIO benefrts from the contribution made by volunteers who given their lime and talents Willing for the benefits of the Church. The areas of Church life which rely on the contributions of volunteers are many and varied and much of the activity would be unable to ntinUe were it not for the commitment shown. 181 Page