SLot¢ish Churity No. SC053082 (SCIO) Cornton BaptRSt Church SCIO Trustees, Report and Financial Statements Year ended 31 December 2024 |+P Innes & Partners Charterod L@rtitt@d Accountants
Cornton Baptist Church SCIO Contents of the Financial Statementsfor the year ended 31 December 2024 Page Report of th¢ Trnste¢s Report of the Independent Examiner Receipts and Payments Aecount Statement of BalanS NL)te8 tr) the Financi&l Statements
Cornton Baptist Church SCIO Report of the Trnsteesfor ihe year ended 31 December 2024 The Trusiees are pleased to present their report together with the financial statemenis of the church for th¢ year to 31 December 2024. Registered offJ¢¢ Achray Drive Comton Stirling FK9 5DR Banken Bank of Scotland 7-13 Port Street Stirling FK8 2EJ Solici¢ors K¢tT & Co l O Albert Pla Stirlin8 FK8 2QL Statu$ of Charlty and governin% document Comton Bapiist Church is a Scottish Charitabl¢ InGorpor4i¢d Organisation {SCIO) (SC053082). It wa5 registered in ITS current legal forni on 29 January 2024. The charity WAS previously an Unincorporated Organisation (SCOI 9740) but chftnged its legal fomi to a SCIO. The assets of the unincorp)raled association w¢r¢ tran5fcrr¢d to th¢ SCIO on 31 March 2024. It has a sinsle tier slruclure and as such th¢ Trust¢¢s are the members ofthe charity. Alms And Arrillation The aims of Ihe cliurLh ar¢ "the advaricem¢nt orth¢ Chrislian faith. primarily in Ihe Comlon ar¢a vf stirling And Also thrnughout Seotland and the rest of the world by all means consistent with the t¢achin8s of the Christian Bible" The chUh is affiliat¢d lo ihe Baptist Union of Scotland. Trus¢ees and Ornce Befdrers The church is congre8ational in policy and its day-to-day rnnning is undertaken by the Office Bearers (the Tru5tccs). Thc oifice Bearers who Serv during (he year ond to date are as follows., I Pastor) i Associate Pastor) ITrea5urer) I Secretary) (Appointed 13 June 2024) (Resigned 05 June 2025) (Appointed 05 June 2025) I he tille deeds to the property noted on page 6 are held in the nllme ol the church. Appointment ofTrustees New trustees are nominated for appointment by church members and confirnied in that appointment by a mccting of church mcmbcrs. Prior to church meetings, the nominee is interviewed by thc P&stor and givcs public stImonY to their faith. New Trustees would be fatniliar with the chUh.$ values. ils aims and objective5 as well as its day-to-day operdtions. As part of their induction progrdmme. new Trustees are required to understand their statutory responsibilities. P8g¢ I
Cornton Baptist Church SCIO Report of the Trusl¢esfor the year ended 31 December 2024 Achievements And perforniance During 2024, ¢h¢ ¢hurch saw some significant changes in ils operntions. As stat¢d elsewhere, the ¢hurch converted to a SCIO. with all activity and assets transfeIng to the new SCIO (Cornton Baptist Church SCIO) on 31 March 2024. Significant highlights ev¢nts and developments of nole in th¢ year include the following.. In relation to Aetivitles: The ¢hur¢h's livestr¢am ¢quipm¢nt ¢onlinu¢s to be utilised each week allowing us to broadcast our servi¢¢s via th¢ inlemel thus enabling us to reach nol only our own mgmbcrs but also a wid¢r audi¢nce. A hybrid m(xlel continues to reTnain in place, with a live broadcast continuing for those unable to attend in person. Our praycr mcctings lake placc cach wcck. onc pr&ycr rnccting is run online and a second in person. At ihe start of 2023, small groups were re-intT(xluced. There are Currently 6 small groups meeling each t()rtnighi. with 75 individuals signed up to attend. The on80ing activities of th¢ church, namely Sunday School. young p¢ople groups, kids, clubs, and rnonthly ladie5. m¢¢lings all Lonlinu¢ t(ioperat¢ and m¢¢( Ihe needs ofthe IIK&l community. A Inonihly men's meeting was introduced in the final quarter of the year. The needs of the community are always under consideration and various families were supported. The community larder continues to opcraie from the church and is well used. In addition a Community café is operated one lunchtime a week, otyering a free soup and sandwich lun¢h. The church Continued to support missionaries at home and abroad through the Baptist Missionary Sl¢ty. Th¥ ¢hurih iy d¥lighi¢d io provid¢ rhJplainLy supporl al Comlon Primary School and Cornlon Nursery. We also participated in ihe joint chaplaincy arnngement At Stirlin8 Ilniver8ity. As noted last year> youth and community programmes continue to b< slaff¢d by volunteers rnther than a metnber of church slaty. In addition to the above. the church invested significantly in the church and manse buildings during the year. Over £56k was ¢xp¢nsed ralring the church floor and r¢n¢win8 joists, while £15k was expensed installing 8 n¢w kitch¢n at th¢ chur¢h manse. In relation to funding.. Qiving to the General fund of the church continued to be healthy under the Gift Aid 5chwne. Givin8 to the Fellowship fund w&$ £5.157 {2023.. £nil). Financial review Prlncipalsourees oflunding The Church receives it funding from church members by way of regular offerin8s and gift aid donation5. Resulrsfor iheyear As a result of'an overall deficit for the year of £56,380 (2023.. 5urplu5 of £24,186), the church held total fund5 Amounting to £67.543 (2023= £123.923) &t the year end, split between the general fund of £62,928 (2023.. £123,724) and the restricted funds of£4,615 (2023.. £199). Reserves It is the policy of the church to maintain unrestricted nds, that is. funds not committed or inv¢st in fixcd assels, at a level which equa¢esto approximately three month's unrestricted expenditure. This allow5 suificient funds to enable the ongoing work of the church to be maintained. The nstriCted General Fund on page 6 and not¢ 5 at 31 December 2024 amounted to £62.928 (2023.. £123.724) and was at the required level. Page 2
Cornton Baptist Church SCIO Report of th¢ Trusteesfor the yeap ended 31 December 2024 Donalions Th¢ church makes donations from its gift income to individuals and organisations that are genernily known to the Trustees and the church. The beneficiaries are involved in activities or mini51ries compatible with the church's objectives. Approved by the Truslees on ........................ 202S andsigned on their behalfby.. Page 3
Cornton Baptist Church SCIO Report of tbe Independent Examiner to the Trnyteesfor theyear ended 31 December 2024 I report ot) the accounts of the eon8re8ation for the year ended 31 Decem 2024 which are set out on pages 5 to 8. Respectlve responslblllttes of Trustee& and aler The Ch8rity's tnteeS are responsible for the preparation of the accounts in aCcordce with the tern of the CltieS aThd Trystee Investtnent (Scotland) Act 2U05 ond the c1]tieS Accounts (Scotland) Regulations 2006 (as amended). The Chgrity's trustees consider that the audit requirm¢nl of Regulation 10{l) (d) of thc Accounts Regulations docs not apply. It is my responsibility to examine th¢ aceounts as rcquircd undcr bocliou 44(1) (c) of the Act and to state whethcrparticular Jnattcr5 hav¥ ¢om¢ to my attention. Bwis of iDd¢pendent eiamlner'• statement My examiDlltion is CWTied out in accordance with Regulation I l of the Charities Accounts (Scotland) R¢gulatiQn5 2006 (as am¢nd¢d). An examiuation includ¢5 a r¢vA¢w of the a(UtIng records kcpt by the chaTity and a ComplSOn of the accounts pr¢s¢n[ with those reKLJrds. It also includes consider&iion of any unusual ilems or disclosures in the acc(yunL8 and seeks explanaiions frnm the Inle¢S ncernIng such matters. The ptocedures undff¢ak¢ll do tt provide all th¢ ¢vid¢nc¢ that would be required in an audi( and con8equently I do not exwes8 an audit opinion on the Triew given by the accounts. Independent Examin¢r'i •1At¢men¢ Ill the course of my examination, no m&tter has come to my attention which gives me r¢860nabl¢ ¢au8e to believe tb8t in ony malorial respect the requirements,. to keep accouDling records in accordance with Section 44(1) (a) of the 2c5 Act aThl Re8ulatioo 4 of the 2006 Accounts Regulations (as amended). and to prepare accounts which accord with th¢ a¢¢ounting records and comply with Regulation 9 of the 2006 Accounts Regulations amended) have not been met. or 2. to whIC In my opinion, attention should be drawn in order to enable a proper und¢r51anding ofthe accounts to be re#ch¢d. tnttes House 18 sknIS Business P¥rk Housloun Rd Livingston chart¢d L¢niticd Arcountants EH54 5FD . 2025 Page 4 |+P Innes & Partners charterÈd Cordflgd Ar£DUThtants
Cornton Baptist Church SCIO Receipts and Payrnents Account For the year eIed 31 December 2024 Not¢J GeDer41 fund Restricted funds Total 2024 To 2023 Receipts Gift Aid donations Gift Aid reclaimed Offerings and donations Hall hire Bank interest Refunds 76.471 18,593 42.599 290 2.482 254 76,471 18,593 48,630 290 2,482 254 76.711 16,712 29.553 1,735 2,058 9,850 136,619 6.031 Total receipts Paymen¢$ Paymenlsfor Charilable aclivilie Qross salaries Employer Nl Employer's pension wntribution Minist¢r ¢xp¢nscs Youth work ¢xpens&s Church mainl¢nan¢e and equipmeni Heat & Light Manse council tax Insurance LiLences Telephone Welfare Atriliations Gifts and donationy Professional fees lrtdependent examination Sundry expenses Totsl payments sllrpl l (Deflcit) for the year Transfers 140,689 6,031 146,720 66.429 708 5.585 4.083 1.006 79.609 2,206 3,183 ,757 1.193 448 06,429 708 5,585 4,083 1,1)06 79,61)9 2,206 3.183 1.757 1,193 448 741 2,920 20,588 4.196 870 7,578 203,100 {56 J8(1) 51,038 4,898 2,621 741 14.280 4.614 3.095 1.680 1.018 408 153 2,920 16.680 2,586 792 3,898 112.433 24.186 741 2.920 19.714 4,196 870 7.578 201.485 (60,796) 874 1,615 4.416 Net Inereaye l {decreaye) In e#sh for the year Cash balan broughi forward Cgsh balances carried forward (60,796) 123.724 62,928 4,416 199 (56J80) 123,923 67&13 24.186 99,737 123,923 4,f•15 Page 5
Cornton Baptist Church SCIO Statement of Balances As at 31 De¢eTnber 2024 Note8 2024 Opening (Deficit) Closing balanr¢ ror year balance 2023 Opening Surplus balance for year Closlng balance Bank and cash balances 123,923 (56.3801 123,923 {56J80) 67,543 67,543 99.737 99.737 24,186 24.186 123.923 123,923 Reserves Unreytricted fund: General 62,928 123,724 Hestricted thnd$: Fellowship 4,615 67,543 199 123,923 Statement of w¢ts at 31 December 2024 Property and improvem¢nls (at cost) Pension prepayment Gift aid rwlaim du¢ 437.000 553 19.118 437,000 18.593 Ststement of liabilities at 31 December 2024 Other tsxation Accrued expenses Pension liability 926 912 989 870 63 1038 1,922 Approved by the Truste¢s on .... ..2025 and Signed on their bchalf by thc undcrnoted.. ie ni)tL% L)n pages 7 (2nd 8 forni part ()f tliLSL financial statements. Page 6
Cornton Baptist Church SCIO Notes to the accounts For thc year end¢d 31 Dccemb¢r 2024 l. Accounting polieies A¢eowilin8 convenlion The financial statcmcnts have been prepared under the historical cost convention, and in accordance with the Charities Accounts (Scotland) Regulations 2006 (as aTnended). offinancialslalemenls The fimancial slaletnents have been prepared on a receipts and payments basis. Recelws and Péryments Accounl For the putpose of the Receipts and PaymenL8 Account as shown on page 5. funds are d¢fin¢d As Unrestricted fund: comprise gt7nts and other income received for the objects of the church without further specified puryx)se and are available as gcncral 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. 2 Trnnsgetions wilh Trusleej ADd reimburJ¢m¢nt of expenses Expens¢5 of£3.295 (2023: £6.214) were reimbursed to 4 (2023.. 4) Trustees during the year ending 31 December 2024. Gross salary pavments to the Minister (who is also a Trustee) in the year were £35,794 (2023: £32,002) and employer pension payments were £5,585 (2023.. £4.069). 3. Stsff nvmbers 2024 2023 Gross galaries Employer's Nl Employees p¢nsion contributions 66,429 708 5,585 51.038 4.898 72.722 55,936 The average number of ernploy¢e5 during the year was 2 (2023.. 2). 4. Unrestricted fund Balance at 111.01.24 BAl&net at 31.12.24 Income Expendlture General fund 123.724 140,689 (201,485) 62,928 Totsl unrestricted fund 123,724 140,689 (201,485) 62.928 Erplanalion offunds Generalfvnd encompasses all income and expenditure relating to the primary focus a¢tiYit1¢5 of the charity, other than thosc for which funding is design&ted or restricted. 5. Re8tri¢¢ed fuDd8 Balance at Balance at 31.1224 01.01.24 Ineome Expenditure Fellowship fund Third party donations Tothl restricted funds 199 5,157 874 (741) (874) 4,615 199 6.031 (1.615) 4,615 Page 7
Cornton Baptist Church SCIO Notes to the accounts For the year ended 31 December 2024 S. Restricted funds (eottt'd) Erplanalion offunds Felluwshipfvnd 15 used to help thosc in need in th¢ congregation and local community. Thirdparty donalionsfvnd is used for donations collected for third parties. 6. Donation$ and giftj Total donalions and gifts in the year for the gupw)rt of missionaries and other organisations: General R¢stricted Totydl fund funds 2024 Tothl 2023 Inslithtions.. Ukraine Tek Ura BMS Navigalors CAP Stsrt Up Stirling Friends Inlernational Stirling Str¢et Pastors Mission International Stirling Interfaith Elgin 8aplis1 Church Connect2 Fl Ministries Forres Baptist Malawi Fruits Prison F¢llowship Quiet WAters Stcward Tek Stewardship Young Life Int Stirling Universiry Christian Union Individuals.. Donations (2024: 7 individuals. 2023.. 1 individual) 5.000 2,200 2,180 1.600 1.100 600 550 550 500 300 200 100 2,3 80 1,300 2,600 600 100 2,380 1.300 2,600 600 900 900 300 900 900 300 900 650 21)0 800 200 900 1,000 1,500 500 100 900 650 200 800 200 900 1.000 1,500 500 100 4,758 4.758 1,900 20,588 211,588 16,680 Page