Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

_Scottish Charity No. SC052310_ 


Tillicoultry Baptist Church SCIO Trustees’ Report and Financial Statements _Year ended 31 March 2026_ 




Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

**Contents of the Financial Statements** for the year ended 31 March 2026 

||Page|
|---|---|
|Report of the Trustees|1 - 5|
|Report of the Independent Examiner|6|
|Statement of Financial Activities|7|
|Statement of Financial Position|8|
|Notes to the Financial Statements|9 - 17|





Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

## **Report of the Trustees** for the year ended 31 March 2026 

The Trustees are pleased to present their report and independently examined financial statements for the year ended 31 March 2026. 

## **Status of Charity and Governing Document** 

Tillicoultry Baptist Church (“the Church”) was formed in 1893 and until 31 March 2023 was an Unincorporated Voluntary Association (UVA) governed by Constitution (Scottish Charity Number SC021255). On 31 March 2023, the assets and liabilities of the UVA were transferred to Tillicoultry Baptist Church SCIO, governed by an updated Constitution (Scottish Charity Number SC052310), and is recognised by the Inland Revenue under reference number ST05236. 

## **Office Bearers and Trustees** 

The Office Bearers who served during the period were as follows: Rev David (Dee) Jess  ( _Pastor_ ) Mr. Stuart McQueen ( _Treasurer_ ) Mr. Colin Primrose ( _Secretary_ ) 

The church decided in June 2011 that all serving elders together with the treasurer should be Trustees, responsible for all aspects of the church’s assets. The Trustees will comprise all elders together with the Treasurer. As part of their induction programme Trustees are briefed as to their statutory responsibilities which are in accordance with the appropriate charities’ legislation. New trustees are mentored by their experienced colleagues. All trustees are expected to keep abreast of current charity and other relevant regulations. The Trustees are involved in the general day to day running of the Church. 

## **Trustees** 

Rev Dee Jess Mr Stuart McQueen Mr Jon Watkins (resigned 4th June 2025) Mrs Elaine Milne Mr Colin Primrose Mr Andrew Meeten Mr Andrew Walker Mrs Heather Watkins (appointed 4th June 2025) Dr Claire Bawn (appointed 4th June 2025) Mr Graeme Clark (appointed 4th June 2025) 

## **Administrative Structure** 

The quarterly meetings of the Church are the major discussion and decision-making forums of the Church, although much day to day thinking, discussion and decision making takes place within the Elders’ and Ministry Area Groups.  All decisions are accountable to the Church meeting. 

The Trustees are ultimately responsible for the good management and operation of the church and are therefore responsible for the implementation of the decisions taken by the Church business meetings. 

The responsibilities of the Office Bearers are outlined below: 

## **Pastor – Rev David(Dee) Jess** 

The Pastor has responsibilities for the pastoral oversight and teaching of the members of the Church. 

## **Treasurer – Mr. Stuart McQueen** 

The Treasurer has specific responsibilities for the management of the financial affairs of the Church. These responsibilities are exercised within the parameters of an annual budget approved by the March Church Meeting. The treasurer makes written and verbal reports to the quarterly church meeting and keeps the Elders informed on a more regular basis. A monthly summary of the financial situation is usually provided to all members in the church’s information bulletin. The treasurer is assisted by a finance committee charged with formulating policy relating to financial matters. 

Page 1 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

## **Report of the Trustees** for the year ended 31 March 2026 

## **Secretary – Mr. Colin Primrose** 

The Secretary has day-to-day oversight of correspondence, minutes, communication, and other matters relating to secretarial responsibilities. 

The Church has 119 members (as at 31st March 2026). The Annual General Meeting in June deals with the finances and annual financial statement, as well as having an accountability function for all the church’s activities, with final responsibility resting with the Trustees who ensure good management and operation of the church in line with the Church’s Objectives. Refresher training on Trustees responsibilities was undertaken by each Trustee in the year 2025/26. 

## **Aims and Charitable Objectives** 

The Church’s aims and objectives are the advancement of the Christian faith primarily in Tillicoultry and surrounding district and throughout Scotland and the rest of the world by all means consistent with the teachings of the Christian Bible including: 

- worship, 

- ministry, 

- mission and witness, 

- prayer, 

- education, 

- community service, 

- the support of agencies and individuals and other charitable organisations involved in Christian missionary work, 

- relief of poverty and other social needs. 

## **Principal Activities** 

The Church’s principal activities are to fulfil the aims and charitable objectives of the Church as stated above. 

## **Taking the Church’s principal activities in turn:** 

## _**Worship**_ 

The church meets for worship each Sunday, and on a few occasions during the week. We believe that each member is involved in worship and encourage and teach all who attend not only to worship corporately, but also to experience worship individually and in smaller groups. Following the COVID-19 pandemic, the church returned to corporate worship in the building in May 2021 and we are continuing to offer on-line live streaming of most of the services. 

## _**Ministry**_ 

The church exercises various ministries within the church and in the community. Teaching and preaching during the Sunday services and meetings at other times (e.g. regular Life Groups); pastoral care of members and also others in the community (visits to the old and ill) by the pastor, elders and the pastoral care group; prayer ministry (see below); ministry to the young (crèche, JAM); ministry to the Youth; ministry to the old; and ministry to families (Children & Families Worker). 

## _**Mission and Witness**_ 

The church encourages all its members to live in such a way as to commend the Lord Jesus Christ to others both individually and corporately; seeks by its preaching and teaching to tell others of the grace and love of God; puts on events which allow us to declare and actively demonstrate God’s love; gives funding to the Baptist Union of Scotland to enable them to resource mission; and regularly donates to both local and international charities to assist their activities. 

## _**Prayer**_ 

Prayer is central to our work and is part of every service and most meetings; there are weekly Sunday and Tuesday morning prayer meetings; Life Groups; and all church members are encouraged to pray both individually and corporately. Prayer ministry is offered as a part of each Sunday service, led by the prayer ministry team who meet regularly. 

Page 2 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

## **Report of the Trustees** for the year ended 31 March 2026 

## _**Education**_ 

The church seeks to educate its own members about Bible teaching; cultural issues; and new mission initiatives; it resources training for people serving in various ways in the church; and seeks to be educated by others out-with the local church. 

## _**Community service**_ 

The church seeks to discover and meet the real needs of the surrounding community giving financial or material support regularly. Some examples of this are: 

- _Christians Against Poverty (CAP)._ TBC is part of a multi-church partnership in a CAP Debt Centre to operate within the local area 

- _Messy Mondays and Holiday Clubs_ . These are regular opportunities for primary aged children and parents. 

- _Providing venues and caretaker support for community groups_ . Since September 2025, a part time caretaker/administrator has been contracted to facilitate the smooth running of the buildings and ensure community groups receive reliable communication and support. 

- _Food Larder_ . This operates on a weekly basis to offer food to anyone from the community who needs it. Through the generosity of both local businesses and individuals, stock has been maintained and people able to obtain food and essential household items. 

- _Tilliwinks toddler group._ This operates on a weekly basis, offering opportunities for play and for parents/carers to connect with one another and receive informal support. 

- _ASN parent support group_ . This is an informal support group run jointly by our Children and Families Worker and the local primary school Family Liaison Worker. 

## _**The support of agencies, individuals and other charitable organisations involved in Christian missionary work**_ 

The church supports two members working throughout the world in mission work and gives to various charities working around the world – especially BMS World Mission and Youth With a Mission (YWAM). The church is further partnering with other churches in a Christians Against Poverty Debt Centre based in Stirling with CAP UK and regular allocates part of its budget to funding this project. Annually the church also allocates approximately 5% of its annual income to support the work of both local and international charities. This year the church supported: BMS World Mission, Compassion UK, Vine Trust, YWAM Kyiv, Mission Aviation Fellowship, Cancer Research, Bethany Christian Trust, Good News for Everyone, Clackmannanshire Women’s Aid and Home for Good. 

## _**The relief of poverty or other social needs**_ 

The church has contributed to Scottish and local charities that provide support for families with young children, the homeless, adoption and fostering services, mental health and wellbeing and guide dogs for the visually impaired. As noted above, international charities which bring relief and development in troubled parts of the world have been supported. As part of our Fair-Trade commitment the church uses as far as possible products with the Fair-Trade imprimatur. Members of the church are engaged in the work of Christians Against Poverty (CAP) and are involved in the work of the local Debt Centre in Stirling with other churches, while others are involved with Good News for Everyone (formerly Gideons UK) bible distribution ministry.  As noted previously, the Larder Project has allowed the local community to receive free household provisions and food in an effort to relieve poverty locally. 

## **Financial review** 

## _**Financial Position**_ 

The financial statements reflect the accounting period for the twelve months ended 31 March 2026. 

## _**Principal source of funds**_ 

The principal source of funding comes through the giving of the members and others who attend the church. 

Page 3 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

## **Report of the Trustees** for the year ended 31 March 2026 

## _**Results for the year**_ 

The financial statements for the year are set out in pages 7 to 17. The Statement of Financial Activities on page 7 reflects an increase in funds of £58,182 (2024: £225,497). The Church held total reserves at 31 March 2026 amounting to £888,428 (2025: £830,246) which was made up of an unrestricted general fund amounting to £79,710 (2025: £81,354), unrestricted designated funds amounting to £490,413 (2025: £499,082) which includes the net book value of the land and buildings of £452,040 (2025: £460,780), and restricted funds amounting to £318,305 (2025: £249,810). 

## **Investment Policy** 

The Trustees will invest ethically as they see fit, but on the understanding that large investments, or changes to current policy would be brought before a church business meeting beforehand. 

Following consideration by the Finance Ministry Group and Trustees, it was agreed that the Reserves amount (£35,000) would be invested in a fixed interest-bearing account to maximise income. On 5 March 2024 this capital amount was invested in the Ethical 1-Year Fixed Rate account with the Charity Bank, Fosse House, 182 High Street, Tonbridge, Kent, TN9 1BE.  On 5 March 2025 this, plus interest of £1,569.85, was re-invested in another Ethical 1-Year Fixed Rate account with the same bank. On 5 March 2026 the capital sum of £36,569.85 plus interest of £1,557.88 (total £38,127.73) was reinvested in an Ethical 3-Year Fixed Rate account with the same bank. 

On 26 February 2025, £125,000 was transferred from the Virgin Money current account to a Virgin Money Charity Term Deposit Account fixed for 6 months to maximise interest on monies given for our Hillside project (see later).  On 8 September 2025 at maturity, the capital plus interest of £2,122.43 and a further £75,000 was invested in another Virgin Money Charity Term Deposit Account fixed for 6 months (total £202,122.43).  On 9 March 2026 at maturity, the capital plus interest of £3,376.28 and a further £50,000 was invested in another Virgin Money Charity Term Deposit Account fixed for 12 months (total £255,498.71) 

## **Reserves Policy** 

It is the policy of the church to maintain unrestricted reserves at a level that equates to at least three months income increasing this at times to cover anticipated future large expenditures. Three months reserves equate to £35,000 (2025: £35,000).  Unrestricted free reserves as at 31 March 2026 are £79,710 which is in excess of this level. 

## **Statement on Risk** 

The Trustees continue to evaluate the major risks faced by the Church and actively apply procedures to mitigate against these. Thankfully, the income received has remained at a good level and savings have been made in some budget areas. The Trustees have monitored this on a monthly basis throughout the year. 

## **Plans for Future Periods** 

In response to current and anticipated growth in membership, and numbers attending Sunday services and other mid-week activities, the church acquired the premises of Tillicoultry Congregational Church on 24th March 2023.  This is now known as Tillicoultry Baptist Church Hillside Building – the current building being called Tillicoultry Baptist Church Murrayside Building. 

A Steering Group has led the thinking and planning around the uses and required development and upgrades to the new and existing premises. The Hillside project will feature significantly in the plans for future periods. Planning permission was initially lodged in 2025 and was rejected. As at end of March 2026, plans have been resubmitted for approval. Fundraising and investigations into possible grant applications have commenced, with the fund reaching £314,821 by the end of March 2026. A tender process for the works will be undertaken once planning permission has been approved. 

In September 2024 we appointed Children and Families Worker for a fixed-term basis of 3 years. As we are now reaching the halfway point of the term, we are seeing the benefits of the work being done in local 

Page 4 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

## **Report of the Trustees** for the year ended 31 March 2026 

## **Plans for Future Periods (Cont’d)** 

schools, church and community families, and in children’s mission. The trustees are currently considering the impact of this role and the potential to extend this beyond the initial period. 

## In addition: 

1. The Church will continue to encourage its members to discover their gifts and seek to allow people to serve each other and those in the community. The Church seeks to be gospel centred as we seek to love God, love others, and make disciples. 

2. The Church will continue to consider each other’s needs as well as the needs of the community and provide support and resources to meet these needs. 

3. The Elders will seek to think through, implement and develop new ways of working in the church. 

4. The church will continue to review the most effective ways of meeting its charitable objectives for the future. 

5. The church continues to develop ministry areas with (at present) specific Ministry Leaders in oversight of them. This structure is under review. 

**Church Information Address Bankers** 163 High Street Virgin Money The Charity Bank Limited Tillicoultry 56 Murray Place Fosse House, 182 High Street Clacks Stirling Tonbridge FK13 6DE FK8 2BX TN9 1BE 

## **On behalf of the Trustees** 


Stuart McQueen Trustee/Treasurer 

Dated: 31 August 2026 

Page 5 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

## **Report of the Independent Examiners to the Trustees** for the year ending 31 March 2026 

I report on the accounts of Tillicoultry Baptist Church for the year ended 31 March 2026 which are set out on pages 7 to 17. 

## **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) (d) 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) 2006 Regulations. 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 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: 

   - to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and 

   - to prepare accounts which accord with the accounting records and comply with Regulation 9 of the Charities Accounts (Scotland) Regulations 2006 

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 reached. 


## **Jonathan N Innes FCCA** 

Managing Director 

Innes & Partners Limited Chartered Certified Accountants 

Date: 31 August 2026 

Innes House 18 Shairps Business Park, Houston Road, Livingston EH54 5FD 


Page 6 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultry Baptist Church SCIO** 

**Statement of Financial Activities** _for the year ended 31 March 2026_ 

|||||**2026**|||**2025**|
|---|---|---|---|---|---|---|---|
||**Note **|**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**|**funds**|**funds**|**funds**|**funds**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|**Income and endowments from:**||||||||
|Donations and legacies|**3**|161,767|85,504|247,271|168,228|187,919|356,147|
|Investments|**4**|1,596|-|1,596|6,580|-|6,580|
|**Total income and endowments**||**163,363**|**85,504**|**248,867**|174,808|187,919|362,727|
|**Expenditure on:**||||||||
|Charitable activities|**5**|153,316|37,369|190,685|124,872|12,358|137,230|
|**Total expenditure**||**153,316**|**37,369**|**190,685**|124,872|12,358|137,230|
|**Net income / (expenditure)**||10,047|48,135|58,182|49,936|175,561|225,497|
|**Transfers between funds**|**12**|(20,360)|20,360|-|(65,902)|65,902|-|
|**Net movement in funds**||(10,313)|68,495|58,182|(15,966)|241,463|225,497|
|**Reconciliation of funds**||||||||
|**Total funds brought forward**||580,436|249,810|830,246|596,402|8,347|604,749|
|**Total funds carried forward**|**12**|**570,123**|**318,305**|**888,428**|580,436|249,810|830,246|



All income and expenditure derive from continuing activities. 

The statement of financial activities includes all gains and losses recognised during the year. 

The notes on pages 9 to 17 form part of these accounts 

Page 7 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultr Ba tist Church SCIO y p** 

## **Statement of Financial Position** _as at 31 March 2026_ 

|||||**2026**|**2025**|
|---|---|---|---|---|---|
||**Note**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**funds**|**funds**|**funds**|**funds**|
|||**£**|**£**|**£**|**£**|
|**Fixed assets**||||||
|Tangible assets|**8**|452,040|-|452,040|460,780|
|**Total fixed assets**||**452,040**|**-**|**452,040**|460,780|
|**Current assets**||||||
|Debtors|**9**|2,925|-|2,925|9,538|
|Cash at bank and in hand||118,587|24,678|143,265|202,004|
|Cash held on deposit||-|293,627|293,627|161,570|
|**Total current assets**||**121,512**|**318,305**|**439,817**|373,112|
|**Liabilities**||||||
|Creditors falling due within one||||||
|year|**10**|3,429|-|3,429|3,646|
|**Net current assets**||**118,083**|**318,305**|**436,388**|369,466|
|**Total assets less current liabilities**||**570,123**|**318,305**|**888,428**|830,246|
|**Net assets**||**570,123**|**318,305**|**888,428**|830,246|
|**The funds of the Charity**||||||
|Unrestricted funds||570,123|-|570,123|580,436|
|Restricted income funds||-|318,305|318,305|249,810|
|**Total Charity funds**|**12**|**570,123**|**318,305**|**888,428**|830,246|



The notes on pages 9 to 17 form part of these financial statements. 

The accounts were approved by the trustees on 31 August 2026 and signed on their behalf by: 


Stuart McQueen _Trustee/Treasurer_ 

Page 8 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

## **Notes to the Financial Statements** _for the year ended 31 March 2026_ 

## **1. Accounting policies** 

The principal accounting policies, which have been applied consistently in the current and previous year in dealing with items which are considered material to the accounts, are set out below: 

## _**Basis of preparation and assessment of going concern**_ 

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 and 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 Charity has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 as published on 2 February 2016 and does not prepare a Statement of Cash Flows. 

The Charity meets the definition of a public benefit entity under FRS 102. 

The prior year financial statements were prepared under the Receipts and Payments basis. The prior year has been restated and prepared on an accruals basis to align with the current year balances. 

## _**Basis of financial statements**_ 

The financial statements have been prepared on an accruals basis. 

## _**Fund accounting**_ 

Funds are classified as either restricted funds or unrestricted funds, defined as follows. 

_Unrestricted funds_ are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund.  This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund. 

_Restricted funds_ are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity. 

## _**Income recognition**_ 

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. 

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. 

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised.  On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. 


Page 9 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## Tillicoultr Ba tist Church SCIO y p 

## **Notes to the Financial Statements** _for the year ended 31 March 2026_ 

## _**Income recognition (cont’d)**_ 

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. 

## _**Interest receivable**_ 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. 

## _**Expenditure recognition**_ 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.  All expenditure is accounted for on an accruals basis. 

## _**Debtors and creditors receivable / payable within one year**_ 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 

## _**Charitable Activities**_ 

The expenditure on charitable activities includes grants made, governance costs and support costs as shown in the notes. 

## _**Donated services and facilities**_ 

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised. 

## _**Fixed assets**_ 

All tangible fixed assets costing in excess of £1,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised.  Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives: 

Church Building 50 years Land Not depreciated 

## _**Taxation**_ 

Tillicoultry 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. 

## _**Financial instruments**_ 

Financial instruments are recognised in the Institute’s balance sheet when it becomes party to the contractual provisions of the instrument. 

_Basic financial assets,_ which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised. 


Page 10 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultry Baptist Church SCIO** 

**Notes to the Financial Statements** _for the year ended 31 March 2026_ 

## **Financial instruments (cont’d)** 

_Cash at bank and in hand_ includes short term highly liquid bank accounts with a short maturity of three months or less. 

_Basic financial liabilities_ , which include creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

## **Pensions** 

The charity operates a defined contribution scheme. The amount charged to the Statement of Financial Activities in respect of pension costs is the contributions payable in the year. 

## **2. Income from donations and legacies** 

During the year, the Pastor, Rev Dee Jess, who is also a Trustee, received a salary of £40,345 (2025: £39,120) in relation to his role as the Pastor. 

During the year a total of £24,047 (2025: £8,889) was donated by Trustees to the unrestricted general funds of the Church. 

## **3. Income from donations and legacies** 

|Donations<br>Church Development Income<br>Tax recovered on gift aid<br>Legacies<br> **Income from investments**<br>Bank Interest<br>Return on property investment|**Unrestricted**<br>**funds**<br>**£**<br>126,715<br>-<br>34,552<br>500|**Restricted**<br>**funds**<br>**£**<br>3,210<br>82,294<br>-<br>-|**2026**<br>**Total Unrestricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>129,925<br>119,185<br>82,294<br>-<br>34,552<br>48,218<br>500<br>825<br>**247,271**<br>168,228<br>**2026**<br>**Total Unrestricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>1,596<br>1,580<br>-<br>5,000<br>**1,596**<br>6,580|**2026**<br>**Total Unrestricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>129,925<br>119,185<br>82,294<br>-<br>34,552<br>48,218<br>500<br>825<br>**247,271**<br>168,228<br>**2026**<br>**Total Unrestricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>1,596<br>1,580<br>-<br>5,000<br>**1,596**<br>6,580|**Restricted**<br>**funds**<br>**£**<br>6,375<br>181,544<br>-<br>-<br>187,919<br>**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-|**2025**<br>**Total**<br>**funds**<br>**£**<br>125,560<br>181,544<br>48,218<br>825|
|---|---|---|---|---|---|---|
||**161,767**|**85,504**||||356,147|
||**Unrestricted**<br>**funds**<br>**£**<br>1,596<br>-|**Restricted**<br>**funds**<br>**£**<br>-<br>-||||**2025**<br>**Total**<br>**funds**<br>**£**<br>1,580<br>5,000|
||**1,596**|**-**||6,580||6,580|



## **4. Income from investments** 

Page 11 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultry Baptist Church SCIO** 

**Notes to the Financial Statements** _for the year ended 31 March 2026_ 

## **5. Analysis of expenditure on charitable activities** 

|**Charitable activities**<br>Staff costs (Note 6)<br>Pastors expenses<br>Charitable givings and donations (Note 7)<br>Baptist Union subscription<br>Church Development costs<br>Church Weekend Away<br>Pulpit supply<br>Heat and light<br>Cleaning<br>Training and Education<br>Manse council tax<br>Insurance<br>Building maintenance<br>Professional fees<br>Independent Examination fee<br>Hospitality<br>Scottish Baptist College<br>Stationery<br>Equipment purchased<br>Copyright fees<br>Telephone<br>General outreach<br>Larder Project<br>Flowers<br>Caretaker costs<br>Miscellaneous expenses<br>Depreciation<br>**Total**|**Unrestricted**<br>**funds**<br>**£**<br>73,973<br>189<br>9,323<br>5,080<br>-<br>-<br>480<br>9,104<br>3,718<br>1,836<br>2,195<br>2,287<br>11,135<br>967<br>1,980<br>1,658<br>1,800<br>738<br>4,620<br>1,429<br>831<br>2,710<br>-<br>156<br>5,135<br>3,232<br>8,740|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>33,914<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>3,455<br>-<br>-<br>-<br>-|**2026**<br>**Total Unrestricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>73,973<br>59,471<br>189<br>191<br>9,323<br>10,050<br>5,080<br>4,345<br>33,914<br>-<br>-<br>-<br>480<br>640<br>9,104<br>13,455<br>3,718<br>3,148<br>1,836<br>460<br>2,195<br>1,957<br>2,287<br>2,791<br>11,135<br>6,009<br>967<br>1,888<br>1,980<br>1,800<br>1,658<br>1,479<br>1,800<br>900<br>738<br>727<br>4,620<br>335<br>1,429<br>1,337<br>831<br>858<br>2,710<br>1,963<br>3,455<br>-<br>156<br>96<br>5,135<br>-<br>3,232<br>2,232<br>8,740<br>8,740<br>**190,685**<br>**124,872**|**2026**<br>**Total Unrestricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>73,973<br>59,471<br>189<br>191<br>9,323<br>10,050<br>5,080<br>4,345<br>33,914<br>-<br>-<br>-<br>480<br>640<br>9,104<br>13,455<br>3,718<br>3,148<br>1,836<br>460<br>2,195<br>1,957<br>2,287<br>2,791<br>11,135<br>6,009<br>967<br>1,888<br>1,980<br>1,800<br>1,658<br>1,479<br>1,800<br>900<br>738<br>727<br>4,620<br>335<br>1,429<br>1,337<br>831<br>858<br>2,710<br>1,963<br>3,455<br>-<br>156<br>96<br>5,135<br>-<br>3,232<br>2,232<br>8,740<br>8,740<br>**190,685**<br>**124,872**|**Restricted**<br>**funds**<br>**£**<br>-<br>1,339<br>2,352<br>-<br>4,682<br>1,804<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>2,181<br>-<br>-<br>-<br>-|**2025**<br>**Total**<br>**funds**<br>**£**<br>59,471<br>1,530<br>12,402<br>4,345<br>4,682<br>1,804<br>640<br>13,455<br>3,148<br>460<br>1,957<br>2,791<br>6,009<br>1,888<br>1,800<br>1,479<br>900<br>727<br>335<br>1,337<br>858<br>1,963<br>2,181<br>96<br>-<br>2,232<br>8,740|
|---|---|---|---|---|---|---|
||**153,316**|**37,369**||**124,872**|**12,358**|**137,230**|



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 12 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultry Baptist Church SCIO** 

**Notes to the Financial Statements** _for the year ended 31 March 2026_ 

## **6. Analysis of staff costs** 

||||
|---|---|---|
|**Analysis of staff costs**<br>Wages and salaries<br>Social security costs<br>Employer's Pension contributions|**2026**<br>**Total**<br>**£**<br>69,155<br>-<br>4,818|**2025**<br>**Total**<br>**£**<br>55,058<br>610<br>3,803|
||**73,973**|59,471|



The average number of employees during the year was 2 (2025: 2). 

No employee had employee benefits in excess of £60,000 (2025: nil). 

## **7. Donations and gifts** 

|**Unrestricted**<br>**funds**<br>**£**<br>1,800<br>1,200<br>627<br>627<br>627<br>-<br>627<br>-<br>-<br>627<br>676<br>628<br>628<br>628<br>-<br>628<br>-|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**2026**<br>**Total**<br>**funds**<br>**£**<br>1,800<br>1,200<br>627<br>627<br>627<br>-<br>627<br>-<br>-<br>627<br>676<br>628<br>628<br>628<br>-<br>628<br>-|**Unrestricted**<br>**funds**<br>**£**<br>1,500<br>3,300<br>525<br>525<br>525<br>525<br>525<br>525<br>525<br>-<br>-<br>-<br>-<br>-<br>525<br>525<br>525|**Restricted**<br>**funds**<br>**£**<br>2,352<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**2025**<br>**Total**<br>**funds**<br>**£**<br>3,852<br>3,300<br>525<br>525<br>525<br>525<br>525<br>525<br>525<br>-<br>-<br>-<br>-<br>-<br>525<br>525<br>525|
|---|---|---|---|---|---|
|**9,323**|**-**|**9,323**|**10,050**|**2,352**|**12,402**|



Page 13 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultr Ba tist Church SCIO y p** 

**Notes to the Financial Statements** _for the year ended 31 March 2026_ 

|**8. **|**Tangible fixed assets**|||**Church**||
|---|---|---|---|---|---|
|||**Land**||**Buildings**|**Total**|
||||**£**|**£**|**£**|
||**Cost / Valuation**|||||
||As at 1 April 2025||50,000|437,000|487,000|
||**As at 31 March 2026**||**50,000**|**437,000**|**487,000**|
||**Depreciation**|||||
||As at 1 April 2025||-|26,220|26,220|
||Charge for the year||-|8,740|8,740|
||**As at 31 March 2026**||**-**|**34,960**|**34,960**|
||**Net Book Value**|||||
||**As at 31 March 2026**||**50,000**|**402,040**|**452,040**|
||As at 31 March 2025||50,000|410,780|460,780|
|||||**Church**||
|||**Land**||**Buildings**|**Total**|
||||**£**|**£**|**£**|
||**Cost / Valuation**|||||
||As at 1 April 2024||50,000|437,000|487,000|
||**As at 31 March 2025**||50,000|437,000|487,000|
||**Depreciation**|||||
||As at 1 April 2024||-|17,480|17,480|
||Charge for the year||-|8,740|8,740|
||**As at 31 March 2025**||**-**|26,220|26,220|
||**Net Book Value**|||||
||**As at 31 March 2025**||50,000|410,780|460,780|
||As at 31 December 2024||50,000|419,520|469,520|



Page 14 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultry Baptist Church SCIO** 

**Notes to the Financial Statements** _for the year ended 31 March 2026_ 

## **9. Debtors** 

|Gift Aid debtor<br> **Creditors falling due within on**<br>Accruals and deferred income<br>Other Creditors|**Unrestricted**<br>**funds**<br>**£**<br>2,925|**Restricted**<br>**funds**<br>**£**<br>-|**2026**<br>**Total**<br>**funds**<br>**£**<br>2,925|**Unrestricted**<br>**funds**<br>**£**<br>9,538|**Restricted**<br>**funds**<br>**£**<br>-|**2025**<br>**Total**<br>**funds**<br>**£**<br>9,538|
|---|---|---|---|---|---|---|
||**2,925**|**-**|**2,925**|9,538|-|9,538|
||**e year**<br>**Unrestricted**<br>**funds**<br>**£**<br>1,980<br>1,449|**Restricted**<br>**funds**<br>**£**<br>-<br>-|**2026**<br>**Total**<br>**funds**<br>**£**<br>1,980<br>1,449|**Unrestricted**<br>**funds**<br>**£**<br>1,800<br>1,846|**Restricted**<br>**funds**<br>**£**<br>-<br>-|**2025**<br>**Total**<br>**funds**<br>**£**<br>1,800<br>1,846|
||**3,429**|**-**|**3,429**|3,646|-|3,646|



## **10. Creditors falling due within one year** 

## **11. Analysis of Net Assets Among Funds** 

|**Analysis of Net Assets Among Funds**<br>Fixed Assets<br>Current Assets<br>Current Liabilities<br>**Net Assets as at 31 March 2026**<br>Fixed Assets<br>Current Assets<br>Current Liabilities<br>**Net Assets as at 31 March 2025**|**Unrestricted**<br>**funds**<br>**£**<br>452,040<br>121,512<br>(3,429)|**Restricted**<br>**funds**<br>**£**<br>-<br>318,305<br>-|**2026**<br>**Total**<br>**funds**<br>**£**<br>452,040<br>439,817<br>(3,429)|
|---|---|---|---|
||**570,123**|**318,305**|**888,428**|
||**Unrestricted**<br>**funds**<br>**£**<br>460,780<br>123,302<br>(3,646)|**Restricted**<br>**funds**<br>**£**<br>-<br>249,810<br>-|**2025**<br>**Total**<br>**funds**<br>**£**<br>460,780<br>373,112<br>(3,646)|
||580,436|249,810|830,246|



Page 15 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultr Ba tist Church SCIO y p** 

**Notes to the Financial Statements** _for the year ended 31 March 2025_ 

|**12. Movement in funds**<br>**Restricted funds**<br>Building Redevelopment<br>Church Weekend Away<br>Larder Project<br>**Unrestricted funds**<br>General<br>_Designated funds_<br>Children and family worker fund<br>Designated Assets fund<br>**Total funds**<br>**Restricted funds**<br>Building Redevelopment<br>Youth Development Worker<br>Church Weekend Away<br>Christians Against Poverty<br>Café 2:16<br>Larder Project<br>**Unrestricted funds**<br>General<br>_Designated funds_<br>Children and family worker fund<br>Designated Assets fund<br>Designated Investments fund<br>**Total funds**|**Balance at**<br>**01.04.25**<br>**£**<br>246,154<br>291<br>3,365|**Income**<br>**£**<br>82,294<br>-<br>3,210|**Expenditure**<br>**£**<br>(33,914)<br>-<br>(3,455)|<br>**Transfers**<br>**£**<br>20,287<br>-<br>73|**Balance at**<br> <br>**31.03.26**<br>**£**<br>**314,821**<br>**291**<br>**3,193**|
|---|---|---|---|---|---|
||**249,810**|**85,504**|**(37,369)**|**20,360**|**318,305**|
||81,354<br>38,302<br>460,780|137,022<br>26,341<br>-|(113,911)<br>(30,665)<br>(8,740)|(24,755)<br>4,395<br>-|**79,710**<br>**38,373**<br>**452,040**|
||**580,436**|**163,363**|**(153,316)**|**(20,360)**|**570,123**|
|||||||
||**830,246**|**248,867**|**(190,685)**|**-**|**888,428**|
||**Balance at**<br>**01.04.24**<br>**£**<br>4,064<br>339<br>210<br>234<br>1<br>3,499|**Income**<br>**£**<br>181,544<br>1,000<br>1,885<br>1,625<br>-<br>1,865|**Expenditure**<br>**£**<br>(4,682)<br>(1,339)<br>(1,804)<br>(2,352)<br>-<br>(2,181)|**Transfers**<br>**£**<br>65,228<br>-<br>-<br>493<br>(1)<br>182|**Balance at**<br>**31.03.25**<br>**£**<br>246,154<br>-<br>291<br>-<br>-<br>3,365|
||8,347|187,919|(12,358)|65,902|249,810|
||86,007<br>20,875<br>469,520<br>20,000|149,768<br>25,040<br>-<br>-|(99,844)<br>(16,288)<br>(8,740)<br>-|(54,577)<br>8,675<br>-<br>(20,000)|81,354<br>38,302<br>460,780<br>-|
||596,402|174,808|(124,872)|(65,902)|580,436|
|||||||
||604,749|362,727|(137,230)|-|830,246|



Page 16 



Docusign Envelope ID: 8AC2E946-74DD-832B-82FB-B1BCD368F8C7 

## **Tillicoultry Baptist Church SCIO** 

**Notes to the Financial Statements** _for the year ended 31 March 2025_ 

## **12. Movement in funds (cont'd)** 

## **Fund purposes:** 

## _**Restricted funds:**_ 

_Building Redevelopment fund_ represents monies gifted to pay for the renovations needed for the church building. 

_Youth Development Worker fund_ represents monies gifted towards the employment of a Youth Development Worker. 

_Church Weekend Away_ represents monies gifted to cover the costs of the Church Weekend away. 

_Christians Against Poverty (CAP)_ represents funds given by the church and members towards the cost of running the CAP Debt Centre. Its focus is to assist local people to alleviate the problems of debt and the associated relational and family stress debt brings. 

_Café 2:16_ is a drop-in facility run by the church which provides soup and support as well as a meeting point for the community. This has not operated this year due to the building issues but it is hoped something similar will be commenced shortly. 

_Larder Project_ represent monies gifted to cover the costs of providing food supplies to those in the local community who need it due to poverty or other similar circumstances. 

## _**Unrestricted funds:**_ 

_General fund_ encompasses all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted or designated. 

## _**Designated funds:**_ 

_The Designated children and family worker  fund_ encompasses income set aside by the Trustees for the role of children and family worker. 

_The Designated Assets fund_ encompasses the net book value of the fixed assets held by the church net of any borrowings. 

_The Designated Investments fund_ encompasses the investment in a property for the Pastor. In March 2022, £20,000 was given to the pastor to acquire a property (10% of property value). The investment plus the required return was repaid by the Pastor in the year to 31 March 2025. 

Page 17