Scottish Charity No.SC052101 Tiree Baptist Church SCIO Trustees, Report and Financial Statements For the Year Ended 31 December 2024
Tiree Baptist Church SCIO Contents of the Financial Statementsfor the year ended 31 December 2024 Pa8e Church Information Report of the Trustees Report of the Independent Examiner Receipts and Payments Account Statement of Balances Notes to the Financial Statements 8-10
Tiree Baptist Church SCIO Church Infomiation Trustees A list of active Trustees durlng 2024 is provided in the Trustees, Report on Page 2. Addresses Meeting places.. Bau8h Church, Baugh Isle of Tiree PA77 6UN An Talla Community Hall Crossapol Isle of Tiree PA77 6UP Reglstered AddTe55: 7, Pier View Scarinish Isle of firee PA77 6AB Correspondence- 3 Heylipol Heylipol Isle of Tiree PA77 6TY www.tiree-baptist-church.org.uk Bankers Royal Bank of Scotland plc Scarinish Branch Isle of Mree PA77 6UH Solicitors Mitchells Roberton George House 36 North Hanover Street Glasgow GI 2AD Independent Examiner
Tiree Baptist Church SCIO Report of the TTu#eesfor the yeor Ènded 31 Décember2024 Report of the Trustees for the year endlry 31 December 2024 The Trustees are pleased to present their report together with the finartlal staterllents of the Church for the year end1 31 December 2024. Status of Charlty and Governing Document Tiree Baptist Church SCIO is established by Constitution. It is a fegistered ScDttish Charity (No. SC0521011. Aims and Affiliation The church is established for advancing Chrisiian religion in all part5 Df the world through missionary activity and other work of any kind, and to benefit in any way such charitable objects as the Trustee5 in their absolute discretion think fit to support or establish. The church is affiliated to Ihe Baptlsl Union of Scotland. Trustees and Office Bearers The Chu¥ch is congregational in policy and it5 day-to-day runnin8 is undertaken by the Leaders (the Trustees). The leaders who served during the year and to the date of this report were as follows.. rrustees Secretory rreosurer Assistani Treosurer Appointment of Trustees The Church members in General Meeting shall appoint the Trustees. Every Trustee shall be elected for a term of ihree years but is eligible for re-election. Prior to their appointment, new Trustees would have served the church for some time In varlous roles and would be familiar with the church's values, and its aims and objectives as well as its day-to-day operations. As part of their inductlon pro8ramme, Trew Trustees are required to understand their statutory responsibilities. Artivitles and Athievements The congregation continued its commitment to support the Baptist Union of Scotland both spirituallv and financially. Our service5 are now mainly held in Baugh Church as we no longer require room for children's activities. During July and Au8USt we worship in An Talla. enabling us to accommodate a larger number of holiday visitors. Fortnightly Coffee Mornings have continued and present good opportunities for us to interact with the Island Community. Just Joy, a ft)rtni8htly craft group based around a gospel message is held in a members home and attratt$ 10-12 indimduals, many of whom are not regular church attenders. The continues to help our fellowshlp In hls retlrement, wlth preachlng, pasloral work, and taking funerals for our Community. He is also the mastermind behind the recordinE of our servlces which are then made available to YouTube.
During the year of Knightswood Baptist Church has continued as Interim Moderator and is able to attend most meetings of the leadership via our Zoom account. We are thankful for her input and advice. We have been plea*d to welcome regular vlsitor5 a5 member5 of our church, and other applications for membership were pending 85 the year ended. After many years of planning the fellowship. at their meeting held on 14 February 2024 accepted a proposal from the Trustees not to proceed with the construction of an Annexe to our Church building. Reserves Results for the year As a result of a svrplus for the year of £5Q,5281£13.7261 the church held at the year end, total fund5 of £346,7261£296,1991. Thi5 consisted of a General Fund amounting to £94,165 If43,6371, a Designate Building Fund £25,000 1£25,0(JJl, plus Restricted Fund5 of £27,561 1£27,5611 an¢J an Asset Fund of £21)).000 1£2CQ,0001. The 2024 surplus and in consequence the General Fund are both signiticantly 8re3ter than 2023 mainly because of a legacy received from the Estate of The Trustees are hugely 8rateful to for her generous legacy of £25,932 and they will earmaik it for a particular project in due course. The Baugh Church a55et wa5 revalued in 2015 to reflect it5 then current value including the 2015 renovation costs and new furnishings and equlpment purchased. There 15 curtlY only one Restricted Fund namely a Buildin8 Fund of £27,5621£32,5201 See Accounts Note 7forfund movement. The trustees are satisfied with the level of reserves retained by charity given that two swdnificant pÉrades to the church at Bau8h are planned for 2025 at a combined estimated cost of approximatÈly £55,000. Note.. During the previous year to 31 Dember 2023 the assets of Tiree Baptist Church ISC0212501 had been transferred to Tiiee Baptist Church SCIO1SC0521011 and this should have been referred to In the Trustees report for 2023. The final process with OSCR was completed in 2024 and they confirmed that the old Tiree Baptist Church ISC0122501 had been struck off the OSCR Register on 22 October 2024. On behalf of the Trustees Dated= 31 March 202S
Tiree Baptist Church Report of the Independent Examiners to the Trusteesfor the yeor ended 31 December 2024 I report on ihe account5 Qf the church for the year ended 31 December 2024. which are set out on pages 5t09. Respertive responsibillties of Irustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of ihe Charltle5 aThJ Trustee Investment (Scotlandl Act 2005 and the Charitles Accounts Iscotlandl Regulations 2006. The charlry trustee5 conslder that the audit requirement of Regulation 10111 Idl of the Accounts Re8ulations doe5 not apply. It is my responslblllty to examlne the accounts as required under section 44111 Icl of the Act and to state whether particular matters have come to my attention. Bas1$ of Independent examinerfs statement My examinatlon Is carrled out in accordance with Re8ulation li of the Charities Accounts (Scotlandl Regulations 2006. An examination includes a VIeW of the accounting records kept by the charity and comparison of the accounts Presented with those records. It also incIleS consideratlon 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 bv the accounts. Independent Examiner5. Statement In the course of my examination, no matter has come to my attentio which gives me reasonable cause to believe that in any material respert the reqU1mentS.. to keep accountin8 records in accordance with Sertion 4411) lal of the 2CM)5 Act ané Regulation 4 of the 2006 Accounts Regulations. and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Account5 Regulatlons have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reathed.
Tiree Baptist Church Receipts and Payments Accounts Asat310MbeI 2024 Unrestrkttd Re5trK•d FUN15 2024 Toknl 2024 TLxal 2023 2024 Nores Re Re8ularglvww & th)natioTrs Taxc[wered on 8rftèidgwi Lega Donationsforothws ddin8 Fund Bank Interest Coffee Pot Useof Premises Otherirfome Titsl Recets 24,706 5.642 25,932 391 24.706 5,642 25,932 391 23,353 5I62 2,(N)S 439 3.495 2N95 2.961 3.495 2.495 2fi72 221 65,622 65,622 38,157 Paymen mIntef5 5alaryleynses Pension Interim M(xler3tor Honorarium Church Insulare Rerit Heat& Ught Property Maintenarfe WoF5hipifeachir¥ RÈsourtrs Baptist ihthof Scofjand Gwingtoothers Sundry Expenkes ComputerlEqulpmentC05ts Equipment Building Fund 217 117 450 920 801 1529 1,140 622 871 663 1,307 2,237 S67 1.529 3,710 lis 430 3,710 5.788 136 424 3.930 Legal Costs Independent Examlnalon TLal Paymem5 iio iio iio 24A31 SLwrknftytheye•r 50,$28 50.528 13,726 FundTrdrsfÈrs NetmrywnerktlnfuaftertrIfi¥(Èrs 50.528 50,528 13.726 Totsllur•J5brLwhtknw•rd 68fi37 227562 296,199 282,473 T¢XalfwK15c4rrbEdftrtyrd Represented bv.. Unrestrktedfvrnts General Fund De5i8nated ]Idn8 Fund RestrlctedFunds Jilding Fund ReseNes 94.165 94.16$ 68,637 27,562 2C¥J.Otrf) 27,562 27,562 2W,CX)D 296 199
Tiree Baptist Church Statement of Balances As•t31 Detemb@r 2024 2024 2024 2023 Tary4)le Assèts 200,000 200,0(J) bank & Cash In haNI Openng balan SurplusllDeficftl forthe year balances 96.9 82N73 146,727 Totsl of monetsry a55ets hekl 346 727 296 Reserves General Iunrestrirtedl funds Destgnated Funds Restritted funds 94,165 25,OCX) 227,562 43,637 25,000 227562 346 727 296 199
Tiree Baptist Church SCIO Notes to the Financlal Statement5for the yeor ended 31 December2024 l. Accountlng Pollcles Accounting Conventlon The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Accounts Iscotlandl Re8ulatioris 2CKJ6. Bas15 offinancial stotements The financial statements have been prepared on a receipts and payments basis. Investments As the accounts are prepared on a receipts and payments basis the investments are Included at cost. Market Value of the investments is disclosed within the notes to the accounts. Fixed Assets A statement of the assets held is shown in the notes to the accounts. No depreciation has been applied as depreciation is a non-cash item and therefore should not be included in the receipts and payments account. Recelpts and Payments kcount For the Receipts and Payments account a5 shown on page 5, funds are defined as follows.. Unrestricted funds comprise grants and other income received for the objetts of the church without further specified purpose and are ovailable as general funds. DesiEnated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes. Restrlrted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor. PAGEI I
Tiree Baptist Church Notes to the Receipts and Payments Accounts As at 31 De¢ember 2024 2 fued assets Heritab optrty Ftxtures & 2024 Totsl 2023 AssetvoA At l January 2024 Addr(n$ 2,1) 200 2(KJ,O(Kl At 310ecember2024 200 000 200 200 At31 Detember2023 200 200 000 Note.. the disposal f8ure 2022 towrite off old F&F whh were fully deprecriated and M bngereXt. 3 Transa¢tknbvthTrLtstee5 Theo were notransattJnS wf(htrustees durin8 the year. 4 Gl4lr* toothers 2024 2024 2024 2023 Furds d151yJrsed Gewal Earmarked IGfftAid Totsl Totsl 8MS. supwrt of P&L Lynth SolarTiree Glasgow Crty MtssDn Curam Téarfund General Open Dco Community Tearfund earthquakes Scottish 8apDst College GLHsgow fjty MlssH)nVisit hosptsl Blythswc Ti8h a Rudha Comforts Fund soo 720 600 500 418 500 112 500 120 600 600 300 390 600 300 390 634 1,475 500 900 102 147 2.900 810 3.710
Tiree Baptist Church Notes to the Receipts and Payments Accounts Asat31 December 2014 5 UnreslrkledfwKIs 2024 ZOZ4 2024 Recwts Payments Tran5fer$ BaL4n¢e at Yl.12.24 01.01.24 Generdl Fund Desi8nated Buildfftg Fund Totsl unrestJKtedfunds 43.637 25J)(lJ 68,637 65,622 115riJ41 94,165 25[ 119,165 A 65fi22 I154) The GenerolFund encompasses alllncome and expÈnditurÈ tingtothe prfmary fccu5 ac¥vftle5 ofTiree 8aptist(hurch, otherthan thosefOrwhhfundln8 Is restted. The De5i8nated klIn6 FunLlwa5 5etvp in 2022 bein8the fellowshlps desSre toalbcate £25IXK) from ajr General Fund to the Baugh &JIkli Fund. 6 Restrkled FuTwJs BaknrKe at 01.01.24 Baknce at Recelpts Payments Tran51ers 31.12.24 GNing tr)Othe Building Fund 8augh Prorerty AssetFund Totsl re5trrtedfund5 27,562 2CQmO 227,562 27,562 2CIJ 227,562 TIY8lofallftmd5 296,199 65,622 115,IY341 346,727 A+B The Bjugh Property As5etFundpresents rhe Evoluotion ofthe &Jildlngin 2015folk)wn9 itsrentsDoft. rhe Buildin9 Fundrepresents eJmiorkedfund5 donoted ttrthe O>tsrthby membets and Othe to be used JoroproposedAnnexe tv the church b{n901BuQh. Durfng 2024 theleudersprop5edto the church thot for severol FEUSt5 the pvposed Annexe should FJQt proceed and thAs bvtss approbed by the thwch mernbets. Theromtsinmgfunds wllbe u5edtydeorlhe COStslOte&to thisptryett. 7 Bro¥kdtrAdBuldh¥ FthxlReceWthfflwts 2024 2023 ftets Fundtslslngcoffee Pot GfftAid on Donations Craft$as Sundry donations 572 300 1372 Payments Cowar Pesk%n IBWI Le8al Fees 3?30 6330 8 WLYsNp&Te•thkn8 Resowces 2Q24 2023 SS PrSzes +YouthWorf( Leadin8 5ervKt atTMF teratyre +CE Coutse materials COJ Licer(es zoom Annualsubscrtplon Athent6ook5 sur*s 466 156 447 120 622 567 10