ATRDRIE RAPTIST CHURCH SCIO TRUSTEES' REPORT & FINANCIAL STATEMENTS PERIOD ENDED 31/03/2025 Scottish Charity Number SC053018 .
==> picture [1 x 1] intentionally omitted <==
----- Start of picture text -----
,
----- End of picture text -----
1
AIRDRIE BAPTIST CHURCH SCIO
CONTENTS OF THE FINANCIAL STATEMENTS
PERIOD ENDED 31/03/2025
==> picture [39 x 7] intentionally omitted <==
----- Start of picture text -----
CONTENTS
----- End of picture text -----
, PAGE Trustees! Annual Report 3-6 Report ofthe Independent Examiner 7 Statement Of Financia! Activities 8 Balance Sheet 9 Notes to the Financial Statements 10-15
)
.
2
.
AIRDRIE BAPTIST CHURCH SCIO
TRUSTEES' ANNUAL REPORT
PERIOD ENDED 31/03/2025
The trustees present the annual report and financial statements for Airdrie Baptist Church SCIO for the period ended 31/03/2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities and Trustee Invesoment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities : Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financia] Reporting Standard applicable in the UK and Republic of Ircland (FRS102) (cftcctive 1st January 2015).
OBJECTIVES AND ACTIVITIES
Aims and Affiliation
The aims of the Church are :
To worship together in Spirit and Truth;
To encourage the members to grow in the Christian faith; To proclaim the Gospel ofJesus Christ;
To support Gospcl ministry locally and globally; To serve our local community.
ACHIEVEMENTS AND PERFORMANCE
During the year, the congregation met in person for public worship and engaged in various activities in pursuit of our charitable aims. We have also continued to livestream our Sunday services and provided online access to prayer meetings through Zoom. The deacons have met monthly throughout the year tor business meetings and prayer, both online and in person.
We strive to live out our faith in our local community, and to present the Good Newsofthe Gospel in a way that engages people of all ages and backgrounds. We continue to be engaged with our local community by partnering with a local primary school to provide a Scripture Union group as well as hosting a weekly tood bank & café and a weekly welcome group to provide friendship and a listening car.
Regular preaching series have been led by our pastor, David Fraser, and we also welcomed guest preachers on occasion throughout the year. We continued to develop our relationships with external organisations such as TREF, Scripture Union and BMS World Mission.
Regular ministry activitics included:
==> picture [39 x 7] intentionally omitted <==
----- Start of picture text -----
+ Kids@ABC
----- End of picture text -----
» Bible Class
-
- Ladies Prayer Meeting
-
Wednesday Prayer Meeting and Bible study
-
Toddlers Group
-
- Welcome Group ‘
==> picture [2 x 2] intentionally omitted <==
----- Start of picture text -----
;
----- End of picture text -----
3
AIRDRIE BAPTIST CHURCH SCIO
TRUSTEES' ANNUAL REPORT (Cont'd)
PERIOD ENDED 31/03/2025
Additionally, the church has continued to support the work of BMS World Mission, Scripture Union and I.R.E.F. (Indian Rural Evangelical Fellowship).
FINANCIAL REVIEW
The church reccives its main funding trom Church Membcrs by way of weckly offcrings, Gift Aid donations and the annual Easter thank offering.
Results for the year
Income
The offerings for the year increased hy £5,163 due mainly to increase in gift aid offerings made in the year
Expenditure
Our expenditure overall has reduced by £6,780 which is a combination ofreduced spend in designated funds being greater than the increase of running costs
Overall, including transfers, our Gencral Fund las dccrcused by £13,259 and our Designated Funds have decreased by £6,289
Balance Sheet
Fixed Assets
The value of assets and additions are recorded at their market value.
Capital Funds
These remain unchanged.
Risk Management
The continued and ongoing work of the Church is dependant on the continued level ofdonations and an active membership. The Trustees endeavour to ensure that existing members find relevance in worship and new members are encouraged and welcomed. Over time, the work of the Church may be adversely impacted by changes in society and the demographics of membership. The Trustees seek to mitigate chis through initiatives which respond to those changes and encourage new members.
Reserves Policy
It is the policy of the Church to hold sutticicnt reserves to mect approximatcly uirec months’ normal expenditure.
4
AIRDRIE BAPTIST CHURCH SCIO
TRUSTEES' ANNUAL REPORT (Cont'd)
PERIOD ENDED 31/03/2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Status of Charity and Governing Document
;
Airdrie Baptist Church SCIO is established by Constitution. The Church is a Scottish Charity (No. SCO53018)
Trustees and Office Bearers The church is congregational in policy and its running is undertaken by the Trustees - The Deacons. The Office Bearers are the Minister and the Deacons. The Minister und Deacons who served during this period are listed bclow.
:
Appointment of Minister and Deacons.
| New Ministers and Deacons areappointed byballotoftheMembership ofthe Church. There isno fixed term forthe | New Ministers and Deacons areappointed byballotoftheMembership ofthe Church. There isno fixed term forthe |
|---|---|
| minister, butdeacons areappointed toserve foraperiodof5 years.New Deacons, priorto theirappointment, would | |
| normally have served theChurch forsome timc in otherroles andwould befamiliarwith the Church's valucs, its uims and | |
| objectivesaswell as itsday-to-day operations. New Deacons are required tounderstand theirstatutoryresponsibilities. | |
| REFERENCE ANDADMINISTRATIVEINFORMATION | |
| CharityName: | Airdrie BaptistChurch SCIO |
| Charity RegistrationNumber: | $C053018 |
| Contact Address: | 97 Graham Sweet |
| Airdrie | |
| ML6 6DE | |
| Trustees /Deacons : | MrJasonLeitch (Chairman) |
| MrsVanessaTelter (Secretary) | |
| MrFraserMcCracken | |
| Miss Morag Carmichael (retired June 2024) | |
| MrAlexander McCracken | |
| MrsJo Ramsay | |
| Mr David Clark | |
| MrDavid Frascr(Pastor) | |
| CaroleSmith | |
| Independent Examiner: | Benson,Wood& Co. |
| Chartered Accountants | |
| 2ndFloor(East) | |
| Belgrave Court | |
| Roschall Road | |
| Bellshill | |
| North Lanarkshire | |
| MLA3NR |
5
RR nn rene memememe ee me TOT ee ae ee
ee eee
.
==> picture [2 x 2] intentionally omitted <==
----- Start of picture text -----
‘
----- End of picture text -----
AIRDRIE BAPTIST CHURCH SCIO
: TRUSTEES’ ANNUAL REPORT (Cont'd) PERIOD ENDED 31/03/2025 REFERENCE AND ADMINISTRATIVE INFORMATION (CONT'D) Bankers: Virgin MoneyUK PLC Registered Office 177 Bothwell Street . Glasgow G2 7ER Solicitors: Bell Russell & Company 111 Graham Street Airdrie ML6 6DE
TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
,
The law applicable to charities in Scotland requires the charity trustecs to prepare financial statements for cach year which give a true and fair view of the state ofaffairs ofthe charity and the incoming resources and application of resources for that period. In preparing the financial statements, the trustees are required to :
-
sclect suitable accounting policies and then apply them consistently, - observe the methods and principles in the applicable Charities SORP; - make judgements and estimates that are reasonable & prudent; + state whether applicable accounting standards have been followed, subject to any materia! departures disclosed and explained in the financial statements;
-
prepare financial statements on the going concern basis unless it is inappropriate
-
to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position ofthe charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, and the provisions of the charity's constitution. They are also responsible for safeguarding the assets ofthe charity and taking reasonable steps for the prevention and prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf,
VTiVanessa Telfer‘Secretary 96/\Dated: las
6
3
AIRDRIE BAPTIST CHURCH SCIO REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF AIRDRIE BAPTIST CHURCH SCIO
T report on the accounts ofthe charity for the period ended 31/03/2025 which are set out on pages 8 to 15.
Respective Responsibilities of Trustees and Examiner
The charity uustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investnicnt (Scotland) Act 2005 and the Charitics 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. {t 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 Exatniner’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 trom 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 our examination, no matter has come to my attention {. 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,
. Accounts Regulations, and -to prepare accounts which accord with the accounting records and comply with Regulation 8 of[the][2006] Accounts Regulations 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.
Chiistopher Wilson BA (Hons) FCCA
Benson, Wood & Co.
Chartered Accountants
2nd Floor (East)
Belgrave Court
Rosehall Road Bellshill
North Lanarkshire MLA 3NR
Nated:
7
AIRDRIE BAPTIST CHURCH SCIO STATEMENT OF FINANCIAL ACTIVITIES PERIOD ENDED 31/03/2025
:
| Unresaricted | Funds | |||||
|---|---|---|---|---|---|---|
| 31/03/2024 | ||||||
| Merged/ | ||||||
| General | Destgnated | 2025 | Combined | |||
| Notes | Fund | Funds | Total | Total | ||
| £ | £ | £ | £ | |||
| Inceme and endowments from : | ||||||
| Donations and legacies | 2 | 74,581 | 2,555 | 77,136 | 71,973 | |
| Investmentincome | 2 | 64 | - | 64 | (274 | |
| Other | 2 | - | . | - | - | |
| Totalincome | 74,645 | 2,555 | 77,200 | 73,247 | ||
| Expenditureon: | ||||||
| Charitable Activities | 3 | 89,409 | 7,339 | 96,748 | 103,528 | |
| Total expenditure | 89,409 | 7,339 | 96,748 | 103,528 | ||
| Netincome/(expenditure) | (14,764) | (4,784) | (19,548) | (30,281) | ||
| Transtersbetween finds | 9 | 1,505 | (1,505) | - | - | |
| Otherrecognised gains / (losses) : | ||||||
| Gain/(loss) onrevaluation ofproperty | - | - | - | - | ||
| Gain/(loss) on disposal ofproperty | - | - | - | . | ||
| Netmovement infunds | (13,259) | (6,289) | (19,548) | (30,281) | ||
| Reconciliation ofFunds : | ||||||
| Tota!Funds brought forward | 9 | 29,239 | 332,760 | 361,999 | 392,280 | |
| TotalFundscarriedforward | 9 | _ | 15,980 | 326,471 | 342,451 | 361,999 |
8
=
Ta
an |
a
,
:
==> picture [1 x 2] intentionally omitted <==
----- Start of picture text -----
.
----- End of picture text -----
,
AIRDRIE BAPTIST CHURCH SCIO
BALANCE SHEET
==> picture [1 x 1] intentionally omitted <==
----- Start of picture text -----
.
----- End of picture text -----
.
==> picture [333 x 278] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|AS|AT|31/03/2025|
|31/03/2024|
|Merged/|
|:|Notes|2025£|Combined£|
|Fixed|Assets|“|
|Tangible Fixed Assets|6|232,154|231,604|
|Current|Assets|
|Debtors|7|13,424|6,404|
|Cash on short-term|deposit|-|-|
|Cash at|bank|101,463|128,046|
|114,887|134,450|
|Creditors: Amounts falling duc|.|
|within one year|8|4,590|4,055|
|Net|Current Assets|110,297|130,395|
|Net Assets|342,451|361,959|
|Unrestricted funds|
|General Fund|9|15,980|29,239|
|Designated|Funds|9|326,471|332,760|
|Total Funds|342,451|,|361,999|
----- End of picture text -----
.
:
.
The accounts were approved by the trustees on For and on behalfofthe trustees
David Clark, Finance Committee Chair o-A. Ledlohy Jason Leitch,a
: ;
1 Accounting Policies
AIRDRIE BAPTIST CHURCH SCIO NOTES FORMING PART OF THE FINANCIAL STATEMENTS PERIOD ENDED 31/03/2025
Basis of preparation
The accounts (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 (FRS 102) (effective Ist January 2015)’, Financial Reporting Standard FRS102 '-'The Financial Reporting Standard applicable in the UK and Republic ofIreland’, the Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The accounts have been prepared under the historical cost convention with itcms recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Funds structure
Funds are classified as follows: Unreswicted funds comprise income received by the Church without specitied purpose and are available as general funds
Designated funds represent unrestricted funds which have been earmarked by the Deacons for particular purposes.
The Church has no restricted funds. Further details of each fund are disclosed in note 9.
Income recognition
All income is recognised once the charity has entitlement to the income, there is suflicient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured teliably.
All income from donations and legacies is included within income under either general or designated funds, as is bank interest and income from tax recoveries on gift aid.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of[the][obligation][can][be] measured reliably.
Expenditure is accounted for on an accruals hasis.
Tangible Fixed Assets and depreciation
These are capitalised if they can be used for more than one year. All assets are valued at open market value by the Deacons and therefore no depreciation is charged.
Taxation
Airdrie 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, cxcept on repairs to the listed Church Building.
==> picture [2 x 1] intentionally omitted <==
----- Start of picture text -----
;
----- End of picture text -----
Merger Accounting
On 1 April 2024, the charity - Airdrie Baptist Church (SCO18264) transferred its activities, assets and liabilities to a newly-registered Scottish Charitable Incorporated Organisation (‘SCIO’) - Airdrie Baptist Church SCIO (SCO53018). The transfer met the conditions for merger accounting under the Charitics SORP (FRS 102) module 27 (charity reconstructions). Accordingly, the financial statements present the results and financial position of the charity as if the activities had always been part of the SCIO. Comparative amounts for the year ended 31 March 2024 represent the activities ofthe predecessor unincorporated charity and are presented as combined figures.
2 Tncome and Endowments
10 AIRDRIE BAPTIST CHURCH SCIO NOTES FORMING PART OF THE FINANCIAL STATEMENTS (CONT'D) PERIOD ENDED 31/03/2025
| 34/03/2024 | ||||
|---|---|---|---|---|
| Merged/ | ||||
| General | Designated | 2025 | Combined | |
| Fund | Funds | Total | Total | |
| £ | £ | £ | £ | |
| Donationsandlegacies | ||||
| Open Ofierings | 19,869 | 2,555 | 22,424 | 18,269 |
| GiftAidOfferings | 40,285 | - | 40,285 | 32,074 |
| Open EasterThankoffering | 1,000 | - | 1,000 | 1,981 |
| GittAidEasterThank offering | 350 | - | 550 | 4,420 |
| GiftAidTax recovered | 10,882 | - | 10,882 | 14,854 |
| Legacyincome | - | - | - | - |
| OtherGiftsandDonations | 1,995 | - | 1,995 | 375 |
| 74,581 | 2,555 | 77,136 | 71,973 | |
| Investment Income | ||||
| Interest | 64 | 0 | 64 | 1,274 |
| Other Income | ||||
| Insuranceclaimreceipt | - | - | - | - |
Wl
AIRDRIE BAPTIST CHURCH SCIO NOTES FORMING PART OF THE FINANCIAL STATEMENTS (CONT'D)
PERIOD ENDED 31/03/2025
3 Expenditure
| 31/03/2024 | ||||
|---|---|---|---|---|
| Merged/ | ||||
| General | Destgnated | 2025 | Combined | |
| Fund | Funds | Total | Total | |
| £ | £ | £ | £ | |
| Charitable Activities | ||||
| Salaries, NIC,Pensions, etc. | 44,896 | - | 44,896 | 34,846 |
| Pulpit Supply | 865 | - | 865 | 420 |
| Heat& Light | 10,015 | : | 10,015 | 7,889 |
| YouthWork | 643 | - | 643 | 601 |
| CouncilTax | 2,936 | - | 2,936 | 2,390 |
| Travel Expenses | 1,600 | - | 1,000 | 1,257 |
| AssemblyCosts | 30 | - | 30 | 240 |
| ChurchBus | . | » | - | . |
| HolidayClub | 391 | - | 391 | - |
| ITCosts | 819 | . | 819 | 901 |
| Printing& Stationery | 628 | - | 628 | 217 |
| LearningMaterials | 52 | - | 52 | - |
| Repairs&Maintenance | 4,652 | - | 4,652 | 4,671 |
| ScriptureUnion Books -Prizegiving | - | - | - | - |
| Telephone&Internet | 1,380 | - | 1,380 | 665 |
| AdministrativeExpenses | 1,752 | - | 1,752 | 1,654 |
| Copyright Licence | - | - | - | - |
| Subscriptions | 1,305 | - | 1,305 | 670 |
| BaptistUnion ofScotland | 3,000 | - | 3,000 | 5,000 |
| Donations toCharitableActivities | 3,820 | - | 3,820 | 2,750 |
| Insurance | 4,988 | - | 4,988 | 2,512 |
| Cleaning | 2,832 | - | 2,832 | 2,328 |
| Catering | 784 | - | 784 | 893 |
| Fellowship Events | £94 | - | 694 | - |
| Outreach | 573 | - | 573 | - |
| HeatingMaintenance | - | - | - | - |
| IndependentExaminersFees | 914 | - | 914 | 870 |
| Legalandprofessional tees | 440 | - | 440 | 4,675 |
| CommunionFund | - | 3,239 | 3,239 | 1,434 |
| Fabric Fund | - | - | : | - |
| Mission Fund | - | 100 | 100 | 300 |
| BMS Fund | - | - | - | 951 |
| ManseFund Expendivure | - | - | - | 326 |
| LegacyFundExpenditure | - | - | - | 25,068 |
| TREFFund | - | 4,000 | 4,000 | - |
| 89,409 | 7,339 | 96,748 | 103,528 |
12
:
AIRDRIE BAPTIST CHURCH SCIO NOTES FORMING PART OF THE FINANCIAL STATEMENTS (CONT'D) PERIOD ENDED 31/03/2025
4 Related Party Transactions and trustees’ expenses and remuneration
During the year expenses totalling £4,317 (2024: £8,035 ) were paid to trustees during the year by way of reimbursement of invoices.
D Fraser was paid remuneration of £44,896 during the year (2024: £34,846)
During the year, a total of £21,705 (2024 ; £15,730) was donated to the Church by the trustees.
5
| StaffCosts and Numbers | : | ||
|---|---|---|---|
| 31/03/2024 | |||
| Merged/ | |||
| 2025 | Combined | ||
| £ | £ | ||
| Wagesand Sularies | 41,189 | 31,888 | |
| Sacial Security costs | - | - | |
| Pension Costs | 3,707 | 2,958 | |
| 44,896 | 34,846 |
The average weekly number of employees during the year, calculated on the basis of full time equivalents were as follows:
| The average weekly number ofaverage weekly number ofweekly number ofnumber ofofemployees during the year,year, full time equivalents were as follows: |
the year,year, calculated on the basisbasis of | |
|---|---|---|
| 31/03/2024 | ||
| Merged/ | ||
| 2025 | Combined | |
| No. | No. | |
| Minister | ||
| Premises maintenance | - | - |
| Youth worker | - | - |
| _———————————————————————————— |
The Minister's stipend is set by the Trustees on an annual basis.
6
| TangibleFixedAssets | : | |||||
|---|---|---|---|---|---|---|
| Furniture& | ||||||
| Heritable | House | Fiuings - | ||||
| Land-Church | Property | Church | Total | |||
| £ | £ | £ | £ | . | ||
| At Valuation | ||||||
| As at01/04/2024 | {00,000 | 102,412 | 29,192 | 231,604 | ||
| Additions | 550 | 550 | ||||
| Disposal | ||||||
| Depreciation | - | - | - | - | ||
| Asat31/03/2025 | 100,000 | 102,412 | 29,742 | 232,154 |
The above figures represent an estimated valuation by the Deacons of the Heritable Land and the Furniture & Fittings. The Church is valued for insurance purposes at £4,865,527 but the Deacons are of the opinion that the open market value of the land would be £100,000. House property represents £100,000 or (28.57%) of the open Market Value of the property at 5 Beecraigs Way, Plains, Airdrie with an additional £2,412 relating to legal fees on purchase. The remaining 71.43% share is held by The Reverend David Paul Fraser and Mrs Zoe Clare Fraser.
13
.
;
AIRDRIE BAPTIST CHURCH SCIO
NOTES FORMING PART OF THE FINANCIAL STATEMENTS (CONT'D) PERIOD ENDED 31/03/2025
| 31/03/2024 | |||||||
|---|---|---|---|---|---|---|---|
| Merged/ | |||||||
| 2025 | Combined | ||||||
| £ | £ | ||||||
| 7 | Debtors | ||||||
| Prepaid charges etc. | 13,424 6.404 _————————eeeee |
||||||
| 8 | Creditors: amounts falling duewithin oneyear | ||||||
| OtherCreditors& Accrued | Charges | 4,590 | 4,055 | ||||
| 9 | Movements in Funds | ||||||
| Total | NetFund | Total | |||||
| Funds | focoming | Outgoing | Movement | Funds | |||
| uitwd | Resources | Resources | inVear | Transfers | cliwd | ||
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted Funds | |||||||
| GeneralFund | 29,239 | 74,645 | 89,409 | (14,764) | 1,505 | 15,980 | |
| Designated Funds | |||||||
| Capital Fund | 125,000 | - | - | - | - | 125,000 | |
| Communion Fund | 3,935 | 1,075 | 3,239 | (2,164) | - | 1,771 | |
| Fabric Fund | 1,156 | - | - | - | - | 1,156 | |
| Organ Fund | 5,013 | - | - | - | (3,000) | 2,013 | |
| Reserve Fund | 35,000 | - | - | - | - | 35,000 | |
| Mission Fund | 32 | 100 | 100 | - | - | 32 | |
| BMSFund | 2,394 | 1,380 | 0 | 1,380 | 395 | 4,169 | |
| ManseFund Capital | 100,000 | - | - | - | - | 100,000 | |
| Manse FundRevenue | 788 | - | - | - | - | 788 | |
| LegacyFund | 55,727 | - | - | - | - | 55,727 | |
| IREFFund | 3,715 | - | 4,000 | (4,000) | 1,100 | 815 | |
| TotalDesignatedFunds | 332,760 | 2,555 | 7,339 | (4,784) | (1,505 ) | 326,471 | |
| TotalUnrestrictedFunds | 361,999 | 77,200 | 96,748 | 19,548 | - | 342,451 |
14
9
AIRDRIE BAPTIST CHURCH SCIO NOTES FORMING PART OF THE FINANCIAL STATEMENTS (CONT'D) PERIOD ENDED 31/03/2025
Movements in Funds (cunt'd)
The purpose of the General Fund is for the general administration of the Church.
Purposes of Designated funds
==> picture [310 x 112] intentionally omitted <==
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Capital|Fund|-|arising on|valuation|of|Church|assets|
|Communion|Fund|- ministering|to|those|in need and|to|the|elderly|
|Fabric|Fund|- normal|repairs|and maintenance|of the|Church|
|Organ|Fund|- the|repair and maintenance|of|the|Pipe|Organ|
|Reserve Fund|= emergency|fund|for unexpected|expenditure|
|Mission|Fund|-|provision ofsupport|for|the work of Mission|
|BMS Fund|+ support of Baptist Missionary|Society|
|Manse Fund|Capital|-|provision|for|investinent|in a manse|property|
|Manse|Fund Revenue|-|to meet|ongoing manse|repairs|
|Legacy Fund|-|to use|for|charitable|activitics|und|attribute|to|funds|given|by|legutors|
|IREF Fund|- provision|for support|of mission|cause|in|India|
----- End of picture text -----
Transfers
The analysis above includes wansfers between funds, consistent with the original purpose for which funds were established. The trustees approved transfers from the general fund of of £395 to the BMS fund and £1,100 to the IREF fund and a transfer of£3,000 trom the organ fund to the general fund.
10 Valunteers
Tn cammon with many Churches, Airdric Baptist Church henefits from the contribution made hy volunteers who give their time and talents willingly for the benefit of the Church. The areas of Church life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.
15