Scottish Charity No. SC052949 Linwood Baptist Church Trustces, Report and Financial Statements Year Ended 31 December 2024 l+P Innes & Partners Chartered Cert Accountants
Linwood Ba tist Church ConteDts of the Financial Statementsfor rheyear emled 3J December 2024 Page Report of the Trustees Report of the Independent Examin¢r Reeeipls and Payments Account Statement of BAl#nces Notes to the Financial Stat¢ments
Linwood Baptist Church Report of the Trusteesfor the year ended 31 December 2024 The Trustees are pleased to present their report together with the financial statements of the church for the yeaT ended 31 December 2024. Status of Charity ROvernig document Linw(x)d Baptist Church SCIO 15 a Scottish Charitable Incorporated Organisation (SCIO) (SC052949). It was registered in its Client legal forni on 15 November 2023. The chariry was previously an UninwrpoTated Organisation (SC008676) but changed its legal fomi to a SCIO. The assets of the unincorporated association were transferred to the SCIO on l April 2024. Bankers Virgin Money I Caus¢yside Street Dunn Square Paisley PAI IUW Alms gnd aifiliAtion The aims of th¢ church are in line with its Missiort Statement 'The making and maluring of disciples of Jesus Christ in the power of ihe Holy Spirii io the glory of God,. The church is aifiliated lo the BAptist Union of Swtland. Trnjteej and Office Bearers The Church is congregalioiial in puli¥y aiid ils day lo duy runnin¥ is und¢rtak¢n by ilie orri¥r Bedrers {Ilie Truslee5} the DedL'ons Court. The OLLe Bearers who setved during Ihe year and lo ihe d¢ ol this report were as follows: Trus¢ees Church CoHncil.' The Church and Manse buildings are held in the name of Linwood Baptist Church SCIO, And in the event of cessation of the Church, any asseL8 will be allocated to charitable purposes. Appointment ofTrusteeJ New Trustees are nominated for appointment by the existing Truslees. There is no fixed tertn for Trusteeship. Prior to their appointment, new Trustees would have served the church for some time in various roles and would be familiar with the church'$ values, its aims and objectives as well as its day-tO- day op¢r4tions. As part of their induction programme, new Trustees are required to understand their statutory responsibilities. Page
Linwood Baptist Church Report of the Trustee$for Ihe year ended 31 December 2024 Achievements and perforniance The church meets together in the building for Sunday Morning services and monthly evening services. During the week, the Pastor, tnembers & friends can participate in an online prayer meeting by using the ZOOM facility. The Pastor also transmits his sernions to members and friends who are yn4bl¢ to attend Sunday services by ulilising Facebook and What's app. Other events of note include the following: In relation lo Community FocSed Activities: The church continues to be used for a community health projecl. This health group meets onc¢ wcek. The churcli Is dlsu used by a Crdft group which meets once a week. The chiirch is open once a week for most of the year to provide a place and lime where people can meet, enjoy wannth & hot food. The Pastor will retire from hi5 post on 315t March 2025. and the process of searching for a new pastor will be pui in motion from then. In relAtion to funding.. The total income for the cutTenl year has decreased compAred to last yellr. Fin*ncl#l review Prlnclpalso#rces offmndlnx The church rCIv¢S ils funding from ChUh members and friends by way of weekly offerings and Gift Aid donations. RL¥uli.fffjr iheyear As a resiilt of a deficit for the year of Ll 0,26¥ (2023.. deficit of £1,119), total res¢rves al 31 DeCemr 2024 amounted to £6.043 (2023.. £16,311). The general fund at 31 December 2024 amountrd to £6.043 (2023.. £14,800) and ihe resiricted fund amounted to £nil (2023.. £1,511). The Trustees continue lo encourage the membeT5hip lo maintain & in¢a5¢ Ih¢ir giving Whe p055ible at the Annual Bu5inc55 Mcelin8. ReJerves 1115 the policy of the church Aim lo maintain unrestricted funds that is, funds not committed or invested in fixed assets. &t a level which equatcs to approximatcly thrcc monih's unrc5trictcd cxpenditur¢. This allows suIYicicnt funds to cnable the ongoing work of tlie churcli to be maiiilained. The unrestri¢ted G¢neral fui)d on page 5 aiid note 5 at 31 D¢cemb¢r2024 #muunlcd lo £6,043 (2023- £14,800) and w¢re below th¢ roquired level. On behalf of the Trustees 2025 Page 2
Linwood Baptist Church Report of the Independent Examiner to the Trusteesfor iheyear ended 31 December 2024 I report on the accounts of the church for the year ended 31 December 2024 which are sei out on pages 4 to7. Respecdve re5PODsibi]ities of trustees and examiner The Charity's Trustces are responsible for the preparation of the accounts in accordance with the tern)s of the Charitics and Trttee Investment {Scotland) Act 2005 and the Charities Accounts (Scotland) R¢gulations 2(Xi6 (as amrnded). The Chariry's TSteeS consider that the audit requirement of Regulaiion l O(1 ) (d) of th¢ Accounis Regulations does not apply. It is my responsibiliry io examine the accounts as requiredunder section 44{1) (c) of the Act and to stste whelherparti¢ui&rmatters have come io my attention. Basls of Independent ex4mlner'$ Statement My examination is carricd out in accordance with Regulation I l of thc Charities Accounts (Scotland) Regulations 2(K)6 (as amended). An examtnation includes a review of the accounting records kq)t by the chaTity and a wmparison of the accounts presented with those re¢ords. It also in¢lud¢s ¢onsideration of any unusual items or disclosure5 in the accounis, and seeks explanations frorn the trustees concerning su¢h matters. The procedures undertaken do not provide all the evidence thai would be requiTed in an audit. and consequently I do not express an audit opinion on the view given by the accounts. Independent ExAmlner'5 StAtement In the cours¢ of my cxarnination, no mattcr has comc to my attcntion . whirh giv¢s me reasonablc cause to believe that in any material respeci ihe requirernenis.. to keep ac¢ounting rttords in accordance with SeclioTr 44(1) (a) of the 2005 Act and Regulation 4 of ihe 2006 A¢eounts Regulations (as atnended), and lo prepare accounts which accoTd with th¢ a¢countin8 rordS and comply with Regulation 9 of the 2006 Accounts Regulations (a8 amended) hav¢ not been mct, or 2. to which. irL my Opinio attention should be drawn in order to enable a proper understsnding of the accounts (o be reached. Inn¢s & Partners Limited Chartered Certified Accountants Innes House 18 Shairps Business PArk Houstoun Road Livimgston EH54 5FD Dat¢.. 2025 Page 3 l+P Innes & Partners Charterwl Cerrifie41 AtOUrtarrts
Linwood Baptist Church Reipts and Payments Accountfor the year ended 31 December 2024 Notes Gener41 fund Restricted fund 2024 Total 2023 Totgl Receipts G¢ner&l offerings Gift Aid offerings Gift Aid tax reba Gifts Donations Grants Interest 5,949 20.880 4.629 2.015 1,244 5,949 20,880 4.629 2,015 1244 4,051 18,830 4,841 6266 4,000 Totsl receipts 34,836 34,836 38.101 Payments stsff costs Manse expenses Ekctricily and gas Insurances CJift8 and donatw)ns Maintenance MIslIAnC0u9 ¢xpens¢5 Independent Examinerfs fee Professional fees Pruf¢ssional fees r¢ form81ion of SCIO Licence tee 29,926 2,095 2.149 2,355 889 761 380 822 468 2,230 1.518 29.926 2,OY5 3J49 26J19 1,714 3203 2,415 266 2.484 415 630 766 745 263 1.200 1300 761 380 822 2,230 1,518 Totsl p&ymtnts 43,593 45,104 39220 SurpluJ/(Deflclt) ftir the year Tot funds bry)ught fonvard Total fundJ earried fonvard (8,757) 14,800 (1,511) (10368) 16Jll (1,119) 17.430 6,043 6,043 16Jll Page 4
Linwood Baptist Church Statement of BalAnces as at 3J December 2024 2024 2023 Opening bAlgDce (Deficit) for yeAr Closing bglAn¢e Opening (Derlt> ballee for year Closing balanet BADk And 16.31 (10,268) 6,043 17,430 (1,119) 16,311 TO¢ *gsets 16Jll (111,26¥) 6,(M3 17.430 (1,119) 16.311 Represented by: Unrestricled fu1 General fund Reslricted Restrict¢d fund 6,043 14.800 6.043 Statement of 9¢18 (at valuation) Church Manse 600.000 loo,000 700,000 600,000 100,000 700,000 Gift Aid du¢ ((Imle) 5.946 5.946 4,629 4.629 StAtement of ligbilitieB Independent examinerfs fees Professional fees HMRC- PAYE 762 276 690 132 270 1,038 .092 The financial statement5 on pa8es 4 to 7 were approved by the Trustees on s]ed on thcir bchalf by thc undernol¢d: 206(.fv41.... 2025 at Page 5
Linwood Baptist Church Notes to the financial stAtementsfor ihe ar ended 31 December 2024 Accounting polieies AccoMntin% convenlion Th¢ financial 5tat¢mcnts havc bccn pr¢pared undeT the histOTical cost convention, and in accordance with the Charities Aeeounts {Scotland) Regulations 2006 las amended). Basis offinanciol slalmeHts The financial siatements hawe been preparol on a r¢¢¢ipls and paym¢nts b&8iS. Church Income All voluntary incom< ino)me from tax rttoverie5 on Gift Aid and bank interest is accounted for when received. Recelpts andpaymenLS aecuunl For the purpose of thc Relp1S and Pants account as showm on page 4. fvnd5 are defined as follows: Unrestricted ndS comprise grants and oth¢r inrne received for the objttts of the church withoui fvrther S]ficd Purpose and arc available as 8cncrnl fijnds. Re$¢ri¢l¢d funds compris¢ incofft¢ which has been receiv for the Obj15 of thc church and specified for a restricted purpose within ih¢se objects by the donor. 2. TrnMeti(trrts wlth Truste There were no transactions wilh the Trusl¢u during ih¢ ¢nding 31 Dettmber 2024 (2023: nil). Thc Minister is a trustee and his remuneration is disclos below. This was in Lxjnnection wilh his pastoral wotK noi his role as a Trustee. 3. Sthff ¢1$ #nd numberj 2024 2023 Gross salary and employers Nl Pension contributions Pcn5ion Ikficicncy contributions 26,295 3,621 10 22,944 3,363 12 29.920 26J19 The averA8e number of employ¢eg during the year was l (202J'. l ). 4. Glfts donatl•n$ General Rtstrlcted fund$ nds Totil 2024 Total 2023 Bapt15E Union of Scotland Tearnd 300 589 31 900 266 889 12IM 266 pe6
Linwood Baptist Church Notes to the financial statementsfor the year ended 31 December 2024 Unrestri¢t¢d fund5 Balance at 31.12.24 01.01.24 R¢¢elpts Pyments Gtnergl fynd 14.800 34.836 (43,593) 6,043 Total unrestrleted fllnds 14,800 34,836 (43,593) 6,043 The GEneralfund en¢oTnpas5es all incorne and expenditure relating to the priTnary f5 activities of the chariiy. 6. Restrkt¢d fundg Balance gt 01.01.24 B41affj¢e at 31.12.24 Re¢elpts Piymemts Collections for third parties Wgrm spaces fvnd Trtl restrieted funds 1,200 (1,2001 The Cc>lleclionsfor ihirdparliesfund represents money donated by the ¢(gregatIOn for a specific third purty. The Warm spac¢s.fNvd r¢pr¢%n15 mon¢y r1v for th¢ provi5i0n of a WBTTtI space for people irt the community. 7. Ptnslon obllgAtlonJ The Church is a participating employer the Baptisi Pension Scheme {'%he Scheme"). which is a separate It1 entity administered by the Pension Trustee {Baptist Pen$iort Trust Lirnited). The Scheme, previously known as the Baptist Minist¢rs Pcnsion Fund, startcd in 1925. At the beginning of the financial year, thc 5chcme comprid of a d¢fined nefits scheme which w#5 ¢lusul lu fulur¢ 4i¥Tu¥I vn 31 Ikn¢mFKr 2011 und # d¢fined contribuliun plwi whiLh was opened in January 2012.The assets of the Scheme are held Separately from those of the Employer and the other participating employers. For the currenl financial year. the pension provision for members of the Scheme is being made through the Defined Contribution IDC} Plan. In gcncral. m¢mbcr5 pay 8OA of their Pensionabl¢ Incom¢ and ¢rnploy¢r$ pay 60h of member$, Pensionable InLome intu individual pension dcLounts, whiLh are operu1 and maria8ed on behalf of the Pension TrSiee by Broadsione Corporate Benefits Ltd. In addition, Ihe ernployer PAYS a fvrther 40/0 of Pensionable Income io cover Death in service Benefits, adminisiralion cst8, and an as$ociated insurance policy which provides income protection f( Scheme members if they are unable to work due to lon8-term in¢8p*eity. This income protection policy has insured by the Baptist Union of Grettt Britain with Aviva Limited. Furthermore, member5 of the Basic Section pay reduced contributions of 5O/D of Pensionable Incorne, and their employer5 g41so pay a total of 50/0. In October 2024. the insurance company Just Group completed a buy out of the liabilities of the ¢losed defined benefit heme. From that d4te any remaining liability of the participating herne metnbers to defined F£nefit scheme ceased nd the £1 pcr month drficit contribution3 payabl¢ by th¢ p4rti¢ipating Employers which were agrecd in the recoyery plan approved in Au¥us1 2022 ulso Leased from ihat ijdle. Adminislralion of the closed defined benefit scheme transferred froTn the pension tru51ees to Just Group from that date. Page 7