OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

SHEDDOCKSLEY BAPTIST CHURCH SCIO

FINANCIAL STATEMENTS

FOR THE YEAR TO 31 DECEMBER 2024 Scottish Charity Registered Number SC052163

SHEDDOCKSLEY BAPTIST CHURCH SCIO TRUSTEES REPORT and ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2024

CONTENTS
Page
Report of the Trustees 3 – 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 – 13
Independent Examiners’ Report 14
Income and Expenditure Account 15

SHEDDOCKSLEY BAPTIST CHURCH SCIO TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2024

Report of the Trustees

The Trustees present their report and accounts for the year ended 31 December 2024.

Objectives and Activities

The objectives of the Church are to worship together in Spirit and truth, build the members up in the Faith and to proclaim the Gospel of Jesus Christ in word and in action. The Church aims to develop as a healthy Christian community, to serve the local neighbourhood and to make a global impact.

The objectives of the Church are fulfilled through the following activities:

Achievements and Performance

2024 was a year of consolidating and refining many of our core activities in the community. We continue running our parent and toddler group, which has significant engagement from local families, with 80 families currently registered. We continue to run Make Lunch which invites local primary school children who are eligible for free school meals to have a healthy hot meal in a holiday club environment during the school holidays. This project receives financial support from the ‘Summer in the City’ local council funding scheme.

We also partnered with Westminster Theological College (WTC), a not-for-profit teaching organisation, by opening the church building as the local ‘hub’ for people undertaking theological studies with them in the Northeast of Scotland. WTC students gather weekly to learn in person and in community together. This has worked well and our partnership agreement has been extended into 2026.

We continued to serve the most vulnerable in our community via:

The leadership decided that in 2024 we would close the Honeycomb Community Café due to lack of customers, which has continued as a theme since we were closed due to the Covid pandemic. This led to the redundancy of two members of staff who ran the cafe. The café is still spoken of well in the community and if patterns of life in the community change, we retain the well-resourced kitchen and foyer area within the church for future opportunities to serve our community.

Our two Ministry Associates continue to pioneer a variety of work both within and out with the church congregation, led by our Senior Pastor.

.

3

SHEDDOCKSLEY BAPTIST CHURCH SCIO TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2024 (continued)

We continue to search for physical meeting space in Northfield, in order to provide a safe drop-in style space for local families. A Community Asset Transfer of council-owned property has not developed in 2024, but we have made connection with an Aberdeen charity called ‘All Life Chances’ who we are in discussion with to find a facility and fund raising. Their aim is to provide resources to build stronger communities, which aligns with our core values.

Northfield Family Church continues in the local community centre, with the full endorsement of the community centre board of trustees. This is a fun, family-friendly environment for local people to spend quality time in songs, creative games, baking, and hearing the gospel message. We have regular connection with several local families now and will be looking to continue this work in 2025.

The trustees continue to develop opportunities for external hire of the building on Eday Walk in order to both provide an extra revenue stream but also to become a place of hospitality, which aligns with our faith. This may likely lead to the introduction of a new staff role in 2025 to enable both facilitation of meetings and promotion of the facility

Financial Information

Overall income increased from last year to £319,029 (2023 - £277,618).

The Church continued its support to local and international causes through donations from the Giving Fund. In January 2003 the Members agreed to set-up a giving fund, designating 12.5% of all income (excluding specific mission and building donations) to make donations to various organisations as agreed by the Trustees. The Trustees are pleased to report that £35,955 was set aside from total relevant income to local, national and international causes.

There was a surplus for the year of £36,798 (2023 – deficit £28,876) and reserves of £888,179 (2023 - £851,381) details of which are given in the accounts and notes. It is the policy of the Church to fund activity from ongoing revenue rather than to accumulate reserves. There is sufficient confidence in continuation of regular donations and therefore it is considered appropriate to present the activities and financial results on a going concern basis.

Risk management

Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Many of these risks are covered by insurance and in relation to financial risks there are procedures for the authorisation of expenditures and the minimisation of risk of fraud.

Structure, Governance and Management

The Church is established by Constitution, which was updated in June 2023, is registered with the Office of the Scottish Charity Regulator (OSCR) as a Scottish Charitable Incorporated Organisation under reference SC052163 and for taxation purposes with HM Revenue and Customs under reference ST05408.

The Church is congregational in policy and decision making although the day-to-day organisation and administration is undertaken by the Church Leadership (Trustees). The Church Leadership is comprised of the appointed Ministers and others appointed following election by the Members at a Church Meeting.

4

SHEDDOCKSLEY BAPTIST CHURCH SCIO TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2024 (cont’d)

Reference and Administrative Information

Trustees:

Treasurer:

Principal Address:

Sheddocksley Baptist Church Eday Walk Aberdeen AB15 6LW

Independent Examiner:

94 Blenheim Place Aberdeen AB25 2DY Bankers: Bank of Scotland plc 39 Albyn Place Aberdeen AB10 1YN

Statement of Trustee’s responsibilities

The Trustees are responsible for preparing their Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (UK GAAP).

The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements which give a true and fair view, the Trustees should follow best practice and:

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with the applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf:

5

SHEDDOCKSLEY BAPTIST CHURCH SCIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Investments
Other income
Total Income
Expenditure on:
Raising funds
Charitable activities
4
Total Expenditure
Net surplus/(deficit)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Fund
£
283,073
-
-
3,316
286,389
-
249,214
249,214
37,175
(426)
36,749
851,381
888,130		 Restricted
Funds
£
10,060
22,580
-
-
32,640
-
33,017
33,017
(377)
426
49
-
49		 2024
Total
£
293,133
22,580
-
3,316
319,029
-
282,231
282,231
36,798
-
36,798
851,381
888,179		 Unrestricted
Fund
£
245,891
2,000
51
890
248,832
338
277,187
277,525
(28,693)
922
(27,771)
879,152
851,381		 Restricted
Fund
£
6,815
21,971
-
-
28,786
-
28,969
28,969
(183)
(922)
(1,105)
1,105
-		 2023
Total
£
252,706
23,971
51
890
277,618
338
306,156
306,494
(28,876)
-
(28,876)
880,257
851,381

6

SHEDDOCKSLEY BAPTIST CHURCH SCIO BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed Assets
7
Current Assets
Debtors and prepayments
8
Cash at bank
Creditor: Amounts falling due within one year
Creditors and Accruals
9
Loans
9
Net Current Assets /(Liabilities)
Creditor: Amounts falling due after more than
one year
Loans
10
Net Assets
FINANCED BY:
Funds:
11
Unrestricted funds:
General Fund
Restricted Fund		 2024
£
974,526
7,464
48,422
55,886
(21,233)
(22,000)
(43,233)
34,653
(99,000)
888,179
888,130
49
888,179		 2023
£
1,000,250
10,209
10,907
21,116
(26,985)
(22,000)
(48,985)
(27,869)
(121,000)
851,381
851,381
-
851,381

Approved by the Trustees and signed on their behalf:

….

7

SHEDDOCKSLEY BAPTIST CHURCH SCIO NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2024

1 Basis and accounting policies

1.1 Basis of accounts preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), Section 1A “Small Entities” of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102) second edition issued October 2023.

Exemption is taken from the requirements of FRS 102 to prepare a Cash Flow Statement on the grounds that it is a small entity.

1.2 Accounting policies

The principal accounting policies are summarized below. The accounting policies have been applied consistently throughout this and the preceding year.

Depreciation is provided on all tangible fixed assets in use at rates calculated to write off the cost less estimated residual value over its expected useful life as follows:

PA & Office equipment - over 5 years Land - not depreciated Heritable property - over 50 years Furniture & fittings - over 5 years Tenants Improvement - over 10 years

It is the view of the Trustees that the value of the heritable property on a current use basis is not significantly different from the amount stated in the accounts and so no independent valuation has been sought.

Restricted funds are subject to specific use requirements declared by the donor but still within the wider objects of the charity. A Giving Fund is established annually for the disbursement of a proportion of the annual voluntary donations to the Church. All other funds are unrestricted and can be used in accordance with the charitable objectives at the discretion of the Trustees.

Donated services and facilities are recognised as income when the charity has control over them, any related conditions have been met, the receipt of the economic benefit from use is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time of congregation members is not recognised. Donated services and facilities are recognised on the basis of the value to the charity being the amount the charity would have been willing to pay for services or facilities of equivalent economic benefit. A corresponding amount is recognised as expenditure in the period of receipt.

g) Taxation Sheddocksley Baptist Church SCIO is recognised as a charity for the purpose of applicable taxation legislation and is therefore not subject to tax on its charitable activities. The charity is not registered for VAT and expenditure therefore includes irrecoverable input VAT.

8

SHEDDOCKSLEY BAPTIST CHURCH SCIO NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2024

h) Pensions

The Church is an employer within the Ministers’ Section of the Baptist Pension Scheme which has been a Defined Contribution scheme since January 2012. Prior to January 2012 this was a Defined Benefit scheme – all liabilities relating to this scheme have been fully met. Other church staff members are provided with pension benefits within a separate Defined Contributions Scheme which complies with the requirements of Auto Enrolment.

2 Donations and legacies

nations and legacies
2024
2024
Unrestricted
Restricted
£
£
Donations and legacies
15,121
9,432
Offerings
225,506
-

Tax recovered
42,446

628
283,073
10,060
 2024
Total
£
24,553
225,506
43,074
293,133		 2023
Total
£
20,638
195,131
36,937

252,706

Income from donations and legacies was £293,133 (2023 - £252,706) of which £283,073 was unrestricted (2023 - £245,891) and £10,060 was restricted (2023 - £6,815).

3 Income from charitable activities

2024
2024
Unrestricted
Restricted
£
£
Donations
-
1,290
Grants
-
21,290
-
22,580		 2024
Total
£
1,290
21,290
22,580		 2023
Total
£
2,000
21,971
23,971

Income from charitable activities was £22,580 (2023 - £23,971) of which £Nil was unrestricted (2023 - £2.000) and £22,580 was restricted (2023 - £21,971).

4

Expenditure on charitable activities

2024 2024 2024
2023
Unrestricted Restricted Total
Total
£ £ £ £
Costs of own activities and donations 207,029 33,017 240,046
258,832
Professional fees 2,774 - 2,774
7,218
Loan interest and charges 2,751 - 2,751
2,624
Depreciation 36,660 - 36,660
37,482
249,214 33,017 282,231
306,156
xpenditure on charitable activities was £282,231 (2023 - £306,156) of which £249,214 w
nrestricted (2023 - £277,187) and £33,017 was restricted (2023 - £28,969). Professional fees includ
700 payable to the independent examiner (2023 - £700).
he analysis of 2024 Charitable Activities costs by activity is as follows:
Activities
Donations		 Support Total
undertaken
to other		 costs
directly
charitable
activities
£ £ £ £
Worship and fellowship 128,258
53,565		 75,389 257,212
Northfield Church Plant 9,282
-		 - 9,282
Fine peace café 15,737
-		 - 15,737
153,277
53,565		 75,389 282,231

Expenditure on charitable activities was £282,231 (2023 - £306,156) of which £249,214 was unrestricted (2023 - £277,187) and £33,017 was restricted (2023 - £28,969). Professional fees include £700 payable to the independent examiner (2023 - £700).

The analysis of 2024 Charitable Activities costs by activity is as follows:

During 2024 donations from the Giving Fund of £38,140 were made to local (35%), national (52%) and international organisations (38%). Mission work donations of £17,610 were made to local (6%), national (56%) and international organisations (38%). All other expenditure is from the general unrestricted fund.

9

SHEDD(KKSLEY BAPTtST CHtJRCH SCIO NOTES TO THE ACCOEThTS FOR THE YEAR TO 31 DECEMBER 2024 Remulleratioll 2024 2023 Wages aud salaries National in5llrall￿ costs Pension costs Expenses reiJllbu￿ellEllt Housiug alloMallce5 104J43 1.834 4.619 4.801 9.430 125.027 113.662 1.547 4.985 3.987 7.973 134.494 Ai"erage tLUD]berof employee5 dwillg ye No employee receiTr"ed emoluments of oTr"er £60,(K)O durin8 the year (2023- NiD Trnstees TemunerAtion benefits In his executive eapaci IEiniiiiei'atioll illcludin8 ￿aSes, pension colltnbiitiorns. expenses and housing alloTri"Ic Lice ￿-aS paid to di￿illg the year 01£53.216. I'iceii-ed £22.629 alld received £? 1 S-Q). Kiiiiiuiei'alion o1£8.412 was p￿d to Is tILe Spoi￿ of a er relaied party expellses totalljng £623 w￿e illcu￿ed lrnstee. iirit12 t e Ye￿.. Fixed assets Tellants EqUIpn￿￿t Hentsble FuTmture & fittmBS Totsl COST Al 31 Decellther 2023 69,204 15,645 38,579 1.349,967 31,844 1,505.239 A(kh"tions 2.505 8.555 11.060 Dispo￿$ At 31 Dcrejnber 2024 (1,479) (I,479) 69.204 15,645 39.￿5 1.349,967 40.399 1,514.820 DEPRECIATION Al 31 Decejnber 2023 12,520 32,051 434,3 26,054 504.989 Char8e foryear 1.565 3,262 26,998 4,835 36.661) (1.355) (1.355) Al 31 December 2024 14,085 33.958 461,362 30.889 540.294 NET BOOKVALUE At 31 December 2024 69,204 1.560 5.647 888,605 9,510 974.526 Ai 31 Deceniber 2023 69.204 3,125 6.528 915.603 5.790 1,000.250 Debtor$ xnd prepa)rynent$ 2024 2023 Gift aid re¢eii?ble Oth¢r debtors 5.732 6,392 io

SHEDDOCKSLEY BAPTIST CHURCH SCIO NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2024

9 Creditors and accruals

reditors and accruals
Amounts falling due within one year:
PAYE/NIC
Accrued costs
Other creditors
Baptist Building CIO – building loan		 2024
£
932
17,272
3,029
22,000
43,233		 20023
£
1,539
24,926
520
22,000
48,985

10 Amounts falling due after more than one year:

Baptist Building CIO – building loan 2024
£
99,000		 2023
£
121,000

A loan of £220,000 was secured from The Baptist Building CIO in September 2019. The loan is repayable over a 10-year period by 20 equal amounts of £11,000 with the first repayment due in September 2020.

11 Funds

Funds
Unrestricted Funds General Total Total
Fund Unrestricted 2023
£ £ £
As at 1 January 2024 851,381 851,381 879,152
Income in period 286,389 286,389 248,832
Expenditure in period (249,214) (249,214) (277,524)
Transfer to/(from) restricted funds (426) (426) 921
As at 31 December 2024 888,130 888,130 851,381

The general fund comprises all income and expenditure relating to the activities of the charity other than those for which funding is restricted.

Restricted Funds
As at 1 January 2024
Income in period
Expenditure in period
Transfer from/(to)
unrestricted funds
At 31 December 2024		 BU Staff
Grant
Donations
Passed on
Mainly
Music
Make
Lunch
Total
Restricted
£
£
£
£
£
-
-
-
-
-
19,140
10,060
1,245
2,195
32,640
(19,140)
(10,060)
(1,671)
(2,146)
(33,017)
-
-
426
-
426
-
-
-
49
49		 Total
2024
£
1,105
28,786
(28,969)
(922)
-

The BU staff grant has been provided to cover part of the payroll cost of two new employees who are involved in various ministry activities.

The church received donation to be passed on to charitable organisations, both national and international, and to individuals working for a UK charitable organisation.

11

SHEDDOCKSLEY BAPTIST CHURCH SCIO NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2024

12 Contribution of volunteers

In common with most churches, the church benefits substantially from the contribution made by volunteers who give their time and talents willingly for the benefit of the activities of the church. All areas of church life rely on the contribution of volunteers and much of the activity would be unable to continue were it not for the commitment shown.

12

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES of SHEDDOCKSLEY BAPTIST CHURCH SCIO FOR THE YEAR TO 31 DECEMBER 2024

I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 3 to 12.

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 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 accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

13

SHEDDOCKSLEY BAPTIST CHURCH SCIO INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME:
Freewill offerings
Donations
Gift Aid donations and tax recovered
Giving Day donations and tax recovered
Grants
Solar Panel electricity
Bank interest received
Make Lunch
Mainly Music
Cafe
EXPENDITURE:
Salaries, Pensions and pastoral expenses
Manse rental
Café supplies, wages etc
Make Lunch
Donations
Office expenses
Building Maintenance
Utilities
Northfield Church Plant
Mainly Music
Church groups
Pulpit supply and conferences
Miscellaneous
Staff development
Worship group and PA maintenance
Mission work
Software & IT Costs
Subscriptions and licenses
Advertising
Insurance
Professional fees
Loan Interest and charges
Gain on disposal of assets
Depreciation
NET SURPLUS/(DEFICIT) FOR YEAR		 2024
£
2023
£
46,899
41,495
25,182
9,785
154,652
139,936
63,578
51,617
19,140
21,140
3,316
890
-
51
2,195
2,831
1,245
114
2,822
9,759
319,029
212,989
101,998
103,167
9,430
7,973
15,737
26,221
2,146
2,794
46,015
30,873
1,816
3,211
4,322
3,499
16,544
25,260
9,282
7,464
1,671
815
11,931
4,671
1,081
2,995
1,741
5,088
1,822
2,340
163
300
7,550
26,010
3,536
3,579
1,152
-
305
217
2,679
2,608
2,774
7,218
2,751
2,709
(875)
-
36,660
37,482
282,231
306,494
36,798
(28,876)

This page is for the information of members only and does not form part of the accounts.

14

O Agreement completed. 2025-08-29- 7."08."41 AM GMT Adobe Acrobat Sign