������������������������������������������������������� _Scottish Charity No._ SC052822 ## **Granton Baptist Church SCIO** Trustees’ Report and Financial Statements _For the year ended 30 September 2024_ ������������������������������������������������������� ## Granton Ba tist Church SCIO p **Contents of the Financial Statements** _for the year ended 30 September 2024_ ||Page| |---|---| |Report of the Trustees|1 - 2| |Report of the Independent Examiner|3| |Receipts and Payments Account|4| |Statement of Balances|5| |Notes to the Financial Statements|6 - 8| ������������������������������������������������������� ## Granton Ba tist Church SCIO p ## **Report of the Trustees** _for the year ended 30 September 2024_ The Trustees are pleased to present their report together with the financial statements of the church for the year ended 30 September 2024. **Bankers Solicitors** Royal Bank of Scotland Messrs MacRoberts 36 St Andrew Square 152 Bath Street Edinburgh Glasgow EH2 2YB G2 5TB ## **Status of Charity and governing document** Granton Baptist Church SCIO (SC052822) is a Scottish Charitable Incorporated Organisation (SCIO) and is established by Constitution. It was registered in its current legal form on 19 September 2023. The charity was previously an Unincorporated Organisation, Granton Baptist Church (SC005818). The assets of the unincorporated organisation are in the process of being transferred to the SCIO. ## **Aims and affiliation** The aims of the church are in line with its Mission Statement – _“The making and maturing of disciples of Jesus Christ in the power of the Holy Spirit to the glory of God”_ . The church is affiliated to the Baptist Union of Scotland. Title deeds to the properties owned by the Church or in which the Church has a secured interest are held in the name of the Church. ## **Appointment of Trustees** Trustees, who are also elected deacons, are appointed by the Church on a rolling 6-year appointment. The deacons/trustees are appointed by the church fellowship (deacon’s elections are held every 2 years). Prior to their appointment, new Trustees/Deacons would have served the church for some time in various roles and would be familiar with the church’s values, its aims and objectives as well as its day-to-day operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilities. ## **Achievements and performance** During the year, the church met regularly for worship and carried out various activities in pursuit of the above stated aims. During the year, the church membership remained at 63. In relation to **activities** : - Training/teaching young people through the work of Junior Church. - Taking part in the Care Van Project run by Bethany and Edinburgh City Mission, providing hot soup, rolls and clothing to homeless persons. Page 1 ������������������������������������������������������� ## Granton Ba tist Church SCIO p ## **Report of the Trustees** _for the year ended 30 September 2024_ ## **Achievements and performance (continued)** - House groups held fortnightly or monthly offering fellowship, prayer and encouragement. - Support to local community through provision of food products through ‘Food Bank Plus’. - Support to local community ‘incomers’ through ‘Fresh Start’, providing basic household products and utensils. - Topspin table tennis continues to operate as an outreach to men in the local area, meeting on Monday evenings. - Brew and Blether replaces Wellbeing Space. In relation to **funding** : - Continued monitoring of income and expenditure particularly with respect to salaries, electricity, gas and water. - Special offerings taken on anniversary weekend with tithe given to a known previously approved work. - A careful check is kept on increased costs of pensions, repairs and fuel. The Church is grateful to have received a legacy from the estate of a former member, which we hope to direct towards specific projects. ## **Financial review** ## _**Principal sources of funding**_ The church receives its funding by way of weekly offerings and gift aid donations. ## _**Results for the year**_ The financial statements for the year are set out in pages 4 to 8. The Receipts and Payments Account on page 4 reflects a deficit of £27,790 (2023: surplus of £72,226). ## _**Reserves**_ It is the policy of the church to maintain unrestricted funds at a level which equates to approximately three months unrestricted expenditure that allows sufficient funds to enable the ongoing work of the church to be maintained. The General Fund on page 4 at 30 September 2024 amounted to £126,948 (2023: £152,421), which is above the required level. Total reserves, including restricted funds, amounted to £134,863 (2023: £162,653). ## **Donations and gifts** The church makes donations from its tithed gift 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. ## _**Approved by Trustees and signed on their behalf by:**_ _Date: 20 June 2025_ Page 2 ������������������������������������������������������� ## Granton Ba tist Church SCIO p ## **Report of the Independent Examiner to the Trustees** _for the year ended 30 September 2024_ I report on the accounts of the church for the year ended 30 September 2024 which are set out on pages 4 to 8. ## **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) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent 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 2006 Accounts Regulations (as amended), and - to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations (as amended) 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. Innes & Partners Limited Chartered Certified Accountants Innes House 18 Shairps Business Park Houstoun Road Livingston EH54 5FD _Date: 20 June 2025_ Page 3 ������������������������������������������������������� ## Granton Baptist Church SCIO ## **Receipts and Payments Account** _for the year to 30 September 2024_ |**Receipts**
Gift aided donations
Freewill offerings
Open offerings
Special offerings
Legacy income
Baptist Union resource grant
Foodbank income
Gift Aid reclaimed
Hall hire
Other donations
Bank interest
Sundry income
**Total receipts**
**Payments**
Staff costs
**3**
Pulpit supply
Manse repairs
Church repairs and maintenance
Utilities
Council tax and water rates
Insurance
Office costs
Equipment
Cleaning costs
Youth expenditure
Fellowship costs
Foodbank costs
Grants and donations
**4**
Baptist Union payments
Professional fees
Independent examination fees
Other expenditure
**Total payments**
**Net (decrease) / increase in cash before transfers**
**Transfer between funds**
**Net (decrease) / increase in cash for the year**
**Cash balance brought forward**
**Cash balance carried forward**|**General**
**Restricted**
**2024**
**fund**
**funds**
**Total**
**£**
**£**
**£**
29,027
-
**29,027**
4,030
-
**4,030**
5,855
-
**5,855**
6,481
-
**6,481**
22,410
-
**22,410**
-
6,030
**6,030**
-
3,254
**3,254**
7,278
-
**7,278**
7,342
-
**7,342**
3,135
-
**3,135**
1,129
-
**1,129**
377
-
**377**
**87,064**
**9,284**
**96,348**
30,537
17,255
**47,792**
389
-
**389**
8,456
-
**8,456**
7,079
-
**7,079**
18,020
-
**18,020**
5,505
-
**5,505**
4,175
-
**4,175**
4,401
-
**4,401**
272
-
**272**
5,083
-
**5,083**
50
-
**50**
3,583
-
**3,583**
-
4,453
**4,453**
2,603
-
**2,603**
2,400
-
**2,400**
5,255
-
**5,255**
726
-
**726**
2,778
1,118
**3,896**
**101,312**
**22,826**
**124,138**
**(14,248)**
**(13,542)**
**(27,790)**
**(11,225)**
**11,225**
**-**
**(25,473)**
**(2,317)**
**(27,790)**
**152,421**
**10,232**
**162,653**
**126,948**
**7,915**
**134,863**|**2023**
**Total**
**£**
40,513
7,907
4,745
4,395
91,820
6,030
9,194
6,736
5,772
1,250
1,577
271
180,210
29,043
595
3,360
6,955
7,538
1,400
4,125
4,772
19,658
5,368
79
1,923
6,172
5,778
2,400
5,552
660
2,606
107,984
72,226
-
72,226
90,427
162,653| |---|---|---| Page 4 ������������������������������������������������������� ## Granton Baptist Church SCIO **Statement of Balances** _as at 30 September 2024_ |**Notes**
**Opening**
**(Deficit)**
**Closing**
**balance**
**for year**
**balance**
**£**
**£**
**£**
**Total cash balances**
**162,653**
**(27,790)**
**134,863**
**Represented by:**
**Unrestricted fund**
**5**
General fund
126,948
**Restricted funds**
**6**
Basic Bank upkeep fund
6,051
Picks and Sticks fund
246
Social responsibility fund
1,618
Community worker fund
-
**134,863**
**Statement of assets at 30 September 2024**
**Properties (at valuation)**
Church halls, 28/29 Crewe Road Gardens, Edinburgh
450,000
Church auditorium, 99 Crewe Road North, Edinburgh
450,000
Manse, 6 Grigor Gardens, Edinburgh
400,000
**1,300,000**
**Gift Aid reclaim**
**9,782**
**Statement of liabilities at 30 September 2024**
Tax and payroll creditors
879
Accounting fees
1,560
Independent examination fee
780
**3,219**
**2024**|**Opening**
**Surplus**
**Closing**
**balance**
**for year**
**balance**
**£**
**£**
**£**
90,427
72,226
162,653
152,421
7,250
246
3,226
-
163,143
450,000
450,000
400,000
1,300,000
3,376
188
400
726
1,314
**2023**| |---|---| The financial statements on pages 4 to 8 were approved by the Trustees on 20 June 2025 and signed on their behalf by the undernoted: The notes on page 6 to 8 form part of these financial statements. Page 5 ������������������������������������������������������� ## Granton Ba tist Church SCIO p ## **Notes to the Financial Statements** f _or the year ended 30 September 2024_ ## **1. Accounting policies** ## _**Accounting convention**_ The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended). ## _**Basis of financial statements**_ The financial statements have been prepared on a receipts and payments basis. ## **Receipts and Payments Account** For the purpose of the Receipts and Payments account as shown on page 4, funds are defined as follows: **Unrestricted** funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds. **Restricted** 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. Page 6 tkwJJ5vJn ID". DB1B[Y282.TC5E411Xtr81E￿[rI64AtY2sAryE Granton Baptist Church SCIO Notfs to the financial st4tcmeDtsfor ihe l'ear ended 30 Septeiiiber ?OY4 Tr#nsg¢tlons wjth Trustees *nd rthted p*rOes No Tn￿tee$ reeeii'ed ra￿lleration for their posiiion as TnLsiees dwit)8 the year ro 30 Septetther 20?4 (2023.. nil). 3 {?0:3.. *} Tn￿lee5 receii.ed re10thu￿1 for CF￿£￿ the year ￿tallIn8 £5.038 12023.. £749). S Lryry)loyed as the Pastor of the elmrch a￿1 is also a Tn￿ree. Dllring the year he recei&ed b.f)ts7 12U2J'. nd) sa]ary and £451 (2023: tui) as coDDibuticLs. These ate ￿ ￿lation to his p051tion a5 Pastor. There ￿Ere OD traosacixons th¢ re]at¢d [￿￿1¢$ dwftD8 the )rar (2023: oil). Staff Costs and numbtrs CemtrA] Restrleted TotAI 2024 Tot 2023 28.673 86? i.(K>) 17.255 45J2B 862 1,002 27.727 1.304 12 En]ployers petLsion Contrib￿10￿¥ Pension defieieDcy contribution 47.792 29.043 The avera8e of en¥loyees the yeuwas ? Dou411o*s Gewral rund Re￿￿cted Tol•l 2024 TolAI 2023 Fe￿Y￿rI1 Youth Project Edinknrgh City Mission BMS Bethany Christsan Th SEPA Wesl Pilton Neishb￿￿thd Indiiiduats Earthqu&ke sw)p( EIBin Bapiist CknurctL Etsable S¢otlatyJ Tearfu Social bile E(hlltwb 633 320 2(K) 2(K) 633 320 2( 320 50 I,0( .635 2.290 750 333 300 150 2.003 5.778 Unre5tr1cted funds B*l*Dte *t 1.10.23 Rerelpts B*l*nct 91 30.09.24 Tr*nsttJs General 87.0fv1 (101.312} (IOlJ12) (11.22$) (11225) 120?48 Total uDrestrffitted fundj 152,421 87,lJ64 120W8 oljlimds The Genen71fvd Tepre5ellts all illCo￿ atMI eXpum￿"t￿e￿]atsnS to tt* pnttmry f(Kus xli￿ltieS of Ihe charity. other thall those forThthich fillmling is restricted. Pa8e 7 ������������������������������������������������������� ## Granton Baptist Church SCIO **Notes to the financial statements** _for the year ended 30 September 2024_ |**6.**
**Restricted funds**
Foodbank +
Picks and Sticks
Social responsibility fund
Community worker
**Total restricted funds**|**Balance at**
**01.10.23**
**£**
7,250
246
3,226
-
**10,722**|**Receipts**
**£**
3,254
-
-
6,030
**9,284**|**Payments**
**£**
(4,453)
-
(1,118)
(17,255)
**(22,826)**|**Transfers**
**£**
-
-
-
11,225
**11,225**|**Balance at**
**30.09.24**
**£**
**6,051**
**246**
**2,108**
**-**
**8,405**| |---|---|---|---|---|---| ## _**Explanation of funds**_ The _Foodbank + (previously known as Basic Bank Upkeep) fund_ represents donations to the church by individuals or other churches specifically for basics bank (food bank). This is then used to pay for the supply of fresh food. The _Picks and Sticks fund_ represents money raised to help cover the cost of providing music tuition to young people in the community to help bridge the gap between the community and the church. The _Social Responsibility fund_ represents donations specifically given to support the social responsibility work. The _Community worker fund_ represents money raised to cover the community worker's salary. Page 8