Lou)iYS Scottish Char Reference- SCIO 128391SCOS Dunfennllne West Ba 1st Church SCIO Trust￿$ Re rt and Flnan¢lal Statom•nt for 124 Pa oar ond 31 Janua 2025 Church Infomiation Trustees and Office Bearers. During this financtal year we sought arKI received perniisson for the Church to befy) a SCIO and the SCIO Is now registered wrth OSCR wth pemiisson to wind up th• 0Sd charity, Dunfermline West Baptist Church SC012839 now granted by OSCR. The application to wind up will occur On￿ our 8oli¢rtor ￿Mplete8 the n￿Sary registwtion of property in the Land Register of So)ttarKI. We anticipate this will be in the nexl few months. In the peri(*J to year as we transrtion from the old charty to the SCIO, we ave opened bank a￿OUnts fof the SCIO arKI retained an existing bank account for th• old charlty. Both the old charity and SCIO accounts have been operabve during the PWK)d,' however, the old charity account only remains open to re￿ve any deposrts and this will be dosed during the wind-up per￿￿. I re ;he elected deacois of the Church hee ecle eacons o urc so serve as Truste•s of the Church as does the Minister. The mernbers of the diaconale are nominated and appointed by the Church members at an apwopriale Business Meeting. Deacons rve for 8 4yr period and afe eligible for immediate reolecbon. As part of their indu ion programme newly Elected Dea¢￿$ are required to be conversant with the c?￿r¢h Constrt¢Jtion and understand their statutory responsibilities. The general running ol the Church is organised by the Minister and the Diaconate. A Deacon can be removed from office eilher by resignation in WI￿ng or by a vote in a Churth Busness Meding Rev Timothy Power was induded as our minister on 29 Juty 2023. As Minister he chairs all meets'ngs and has full voting powers In Oeacons, Meetsngs and at Busiftess Meetings of the Church. All major decisions need to be ratified by a properly cA)n8tiVed Church BU￿neSS Meeb'ng. Address of Church Chalmer5 Street, Dunfemline, ICf12 8DG 88nkers Royal Bank of Scodand. 52-54 East Port, Dunfemiline. KY12 7HB Solicitor8 The law firm who are guiding us throW t*corning a SCIO is Lindsays Aims and Affi ion The Aim of the Church Is to make and encourage the maturlng of disciples of J•sus Chn8t in the power of the Holy Spirit and to the glory of God. The Church is affiliatsi to the Baptist Union of Scotiand and accepts their Dedaratson of Prinoples. Status of Cha and Governin Document Dunfermline West Baptist Church was established in 1897 and had a constitution. The Church was a Scottish Chanty No SC012839 and ishvas recognised by the Inland Revenue under reference No205031 000011 AA 000011 978. The Church is congregational in polity and its daily running is organised by the Minister and Church Diaconate. Now that permission to wind up the old chanty has been granted by OSCR. Dunfermline Wesl Baptist Church SCIO SC053124, the transfer of assets from the old to the new can occur, and has in terms of cash assets being transferred to the SCIO bank accounts When the process of transferring all assets from the old chanty to the SCIO is completed, the bank account closed, and the final application to wind up fully completed and submitted, the old charity will be wound up and Dunfermline West Baptist Church SCIO 053124 will be the only remaining charity. ment to Trustees With the exception of the Minister. who is selfvemployed and submits invoices for services rendered. no Deaconrrrustee has received any fee or financial compensation during this year for the services they render to the Church. Achievements & Performance The church is encouraged by growth in numbers of people from dive￿￿ backgrounds and age dernographics One particular of note is to have the Joy of welcoming several families who have initially come from other countries and has added a nchness to our fellowship The formal membership of the church now stands al 22, plus our wider church family of 28 comprising the above-mentioned families with their children. In the main, monetary offerings to the Church conlinue to be given by members and adherents via 8AC with many Gift-aiding. We continue to support the Baptist Union of Scotland, the Baptist Missionary Society and other good causes. Several Fayres were held over the year and we have a good rapport with the local school and they use our premises for some Assemblies and Festivals We co-partner with them In community-based adivities such as litter picking in the local area. The church also supplies volunteer team members to assist pupils with reading The highlights of the past year would be the three believer's baptisms from within our church family, and a wedding for which the church conducted and provided a reception. Financial Review Principal Sources of funding Dunfermline West Baptisl Church SCIO is self-supporting. It receives Its funding from members and adherents During and since COVID many of the Church Members and adherents have put their offerings directly into the bank This has been greatly apprecialed. The financial statements are set out in this report in accordance with the required accounting standard under the Charity Accounts (Scotland) Regulations 20C6 and also the Chanty and Investrnent {Scotland) Act 2005. Funds and Reserves In 1975 the Church re￿iVed the sum of £3.364 from the estate of Duncan and Grace Kenrsedy This sum is part of the total assets of the Church. The capital could not be Pa used - only the interest. During the year we requested and received pemi1ss1￿ to lift the restriclion, so this sum is now totally integrated into Church Funds. All funds are now unrestricted. Monies listed in the accounts which were designaled for Baptist Missionary Society, Baptist Union of Scotland, Belhany Christian Trust or earmarked gifts etc were all disbursed before the end of the financial year. The money mthe sale of the manse some years back has been designated the "Reserve Fund. a dwas until recently invested through Macbeth Cume Financial Services in Parmenion and Quilter. Funcjs are now held in the Royal Bank of Scotland in a Current Account and three interest bearing accounts All monies in the accounts can be considered as Ihe Church's Rese￿eS and would be sufficient to run the Church for more than four thonths without any further income Is our External Examiner. He h*s had access to all Receipts. Bank ali" computer records and he has given his report which is recorded a5 part of this document. All voluntary Income is accourrted for when received. No depreciation is charged for fixed assets. Statement on Risk The Trustees have discussed the major nsks that th8 Church faces and the leadership monitor these risks regularly We exercise due diligence in matters of fabdc, fire equipment, insurance and finance Valuation of Assets In the SCIO submission the church was valued at about £300,000 and the other al about £25.000. All the buildings are fully insured at re-instatement value by An ssets var External Examination of the Church Accounts These accounts have been prepared by the Church Treasurer. Figures are held in Treasurerfs computer w,1 4"-k L.p =n ',he cloud Invoices arE filed with bank statements Accounts were examined by the External Examina and presenled to the Church Diaconate on 10 March 2025 and were presented and ￿Ssed by the Church at Ihe Annual General Meeting on 29 March 2025 The External Examinerfs report fomis page 4 of this document. Dunf•rnilln• W￿1 8a tl8t Church SCIO Recei tsandPa ments Account for ear ondin 31 Janua 2025 2024 to ond Pie SCIO alt 2023-2024 £7.818 64 £28.828 93 £4.(￿9 02 £4,837 C £247 00 £544 00 £295.00 £1.115.00 £18245 £620 £70 00 £0.00 £100 00 £0 £329 83 £67,879,26 £13 111 94 £103 824.25 Rec•1 202*2025 1 General Church IncLMne from Co1￿10￿S an £32.2L54 48 2 Gift Aid Claim £4.069 02 3 Income lor Baptist Union £603 00 4 Incorne lor Baptist Missionary Soc £1,062 78 5 Earrnarked mon￿5 £643 83 7 Bible study malerial and Ccmlefenc8 fees £120 00 8 Miscellaneous Income$ (see page 61 £377 99 9 Late Ifansfer of funds Irorn Parrnenion £329 83 Total Receipts £3941093 2022-2023 £23 671 39 £2,476 31 £554.00 £2.136.30 £1.548 56 £500 £729 00 £8.000.00 39 t20 56 ments 1 Cost of Minister 2 Pulprt ¥uppty and cogt of chikjrens wo 3 Heal and light for the Church 4 Church Insurance 6 Church repairs & Rencwatw)n 7 Elactront Eqpl 8 Slalionery. printing. & domestic expen 9 Monies paid lo olhef charitable works 10 Money lo 8aphsl Un￿n Incl Assembly 11 Money lo Baptist Missionary Society 12 M18cell8neou8 IFor de18118ee pago 7) £25,553 97 £740 IKI £2.480 23 £2.814 83 £4.288 02 £3,993 28 £395 26 E982 43 £990 00 £1.062 78 £3.332.05 £8.437 47 £15,875.15 £330 00 £1.336 76 £1.17052 £1.815.89 £2,814 63 £2.564 24 £58 02 £10.409.41 £349 44 £1,514.20 £000 £154 14 £66 05 £1.066 C £584 00 £544.00 £295 00 £1,115. £71027 £2.949.00 1 S.619.05 £939 99 £2,092.73 £2.358 67 £7.18291 £1,497.87 £91047 £1.307 56 £589.00 £3,13630 £2.489 47 Total payrnenl$ £4 43 All monies for oltter organisalions Iisled In the accounts have been disbursed before the account was clo￿1 The first pages of these accounts are lawj out fol$tr•￿n9 Ihe specimen in "A guide lo the 201A RegUlat￿nS. Numbors in the W hand column are related lo the expanded income and expenditure accounts vknich are also attached lo give further bo(*grourKI mat8nal on pag85 &9 Dunfgmiline Wost Ba tist Churth Accounts- 202425 Summa of Income (Including allocations In column ¢)no1 End of 2024 2024-2025 Pre SCIO Alc 2023-2024 2022-2023 Genaral Offerings Ilnc Windows Fund) Gift Ahj Offering8 (Incl Wind(N4 Fur￿) Bank Interest £13.730.30 £2.789.79 £4,636 10 £14.731.04 £8,734.70 £15.781 40 £12.805 45 £11,289.00 £1.212.05 £0.00 £0.00 £0.00 Bank Compensabon RecyclirYJ BaplBt Union Grant Gifi Claims £100 00 £0.00 £0.00 £0.00 £930.29 £541.70 £132.15 £328.71 £0.00 £0.00 £0.00 £2.000.00 £2,476.31 £4,069 02 £4.Cfj9 02 £4.837 ( Baplisl Union 8MS £603.00 £247.00 £544.00 £554.00 £1.062 78 £295 00 £1.11500 £2.136 30 Coffee MorningsiFayies Bethany Christian Tru¥l Gift for use of Church £749 03 £260 60 £963.73 £717.40 £509 83 £92 45 £166. £597.56 £￿00 £90 00 £0 C¥J £0.00 Pittenc¥ief School £000 £0.00 £0.00 £51.00 F13herman's Ta Plafform 67 £000 £000 £0.00 £254.00 £0.00 £100.00 £0.00 £0.00 Ernbrace the Middle East £13400 £000 £000 £0.00 Farewell Gifts £0.00 £0.00 £200.00 £800.00 Fuellwaler Reb•te EO.ihJ £0.00 £000 EOOO Bible Study NolefJConf Fees Ceilmlh £120.00 £70.00 £0.00 £5.00 £0.00 £0.00 £0.00 £400.00 Bank Adiustmerrts Bank Cornpensatior) Parrnenion late payment £277.99 £0.00 £0.00 £329.00 £100.00 £100.00 £0.00 £0.00 £329.83 £329.83 £0.00 £0.00 Sub Totsl £39 410. £13 111. Dunfornilin• Wesl Ba tist Accounts - 2024-2025 Summa ofEx nditure lincludin9 allocation numbers in first colurnnl end of 2024 20242025 PTe SCIO alc 2023-2024 £25.553 97 £8 437 47 £15,875.15 £740 (M) £330 00 £1.208.80 £000 £000 £127.96 £2.480 23 £1,17052 £1.815 89 £2,614 63 £2.614 63 £2.564 24 £4.288 02 £58 02 £10,409.41 £0.00 £000 £1,045.00 £3,49162 £102 00 £1.052 55 £501.66 £247 44 £4616S £339.78 £000 £112 14 £55.48 £0.00 £42.00 £0.00 £000 £000 £0.00 £o.(KJ £0.00 £0.00 £0.00 £900.00 £0.00 £000 EO.00 £134.00 £000 £000 £365.00 £0.00 £0.00 £483 43 £66 05 £166.00 £0.00 £0.00 £400 00 £000 £000 £940.00 £S84 00 £544.00 £50 00 £000 £000 £1.062.78 £295.00 £1,115.00 £60 00 £60.00 £60 00 £277.99 £000 £000 £100 (h) rooo £340 00 £92.22 £54 33 £44.00 £1,080 00 £250 00 £1,060.00 £1.589.94 £345 94 £0.00 £131 90 £000 £000 f46 43? 65 É14 614 40 E39 343 79 P4 2022-2023. £15.619.05 | £910001 Salary & Expenses 2 Pulpit Supply 2 ChildrenslYP Work 3 Church Heal and Light (Church) Insurances Church Building work & Repair8 12 Fisheman's Tale 7 Amplification 5yStemleleclronic3 7 BT Group 8 Dome$ti¢ Supplies & Catenng Printing arbd Publicty 9 Pittencrieff Schcol 9 Ceilidh Icollydean Bapll g CAP 9 Platlom 67 9 Efflbrac* the midd￿ East 9 Fellowship Gift 9 Bethany Christian Trust 12 Farewell Gifts 12 Legal Expenses (excl SCIO) 10 Baptist Union 10 Delegates Experises 11 Baptist miss￿nary SOc￿ty 12 Gift to Extern81 Examiner 12 Bank Adjustment 12 Leaders Evenl¥ 12 Bible study notes 12 Car Parklcommunity Garden 12 SCIO Legal Costs 12 Safeguarding £2.092 73 £2,358 67 £7.182.91 £000 £1,086 17 £41170 £746 98 £163.49 £10000 £400 00 £10 00 £100.00 £000 £100.00 £597 56 £824 67 £000 I £554 00 £35 00 £3.136 30 £60 00 £329 00 £200 00 £35.00 £1,040.80 £000 £000 Dunfermline West 8a tist Church Accounts - Bank Ststements for endin 31 Janua 2025 ear Pre SCIO Current Account Balanco at 1 Fab 2024 £68 766.62 Balance at 30 Jan 2025 £0.00 New SCIO Current Account Openlng Balance Closlng Balance £0.00 £3.341.85 8 81no8 r40 Aecount Openlng Balance Closlng Balance £O.OD £7.046.52 35Da Notlce Accoun Opening Balance C1081ng Balance £0.00 £10,196.75 95Da Notlce Account Openlng Balanc• CIo8lng Balanco £0.00 £40,968.78 Fix&d Assets Church Building Hall Organ £1,494.032.00 £10,000.00 £1.420.00 Totsl flxed AM•t• £1,$05.452.00 Reductlon slnce 1•8t yg•r £7,311.72 liiterost gaino,I 11.212.05