Paisley Baptist Church
Trustees, Report and Accrued SORP 2015 Compliant Accounts
for the Year Ended 31 March 2025
Charity No. SC053324

Palsley Baptlst Church
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025
ended 31 Marth 2025.
Reference and admlnlstratlv• Inforniatlon
Patsley Bapbst Churth (f￿￿ty G￿traI BaPt￿t Chur(*, PaLsleyi
SC002724)
Also knwi as.
Paisley Baw"st Chur
So)thsh Charty Numb8r.
SCO53324
Registered offic8..
8ank of ScoUaThl. The Cn)ss. Paw. PA1 1 DD
Virgin MMey. 1 CauseysKJe St, Paisley. PA11UW
Soliators..
"akOr￿ Legal Services. 48 Speirs Wharf, Glasgow. G4 9TH
Tru8t•o•
The church is congreg8tK>nal in ￿lIc￿ and rts day to day runnng is und8rtak8n by the ofllce b88rers (th8,
trustees) and members of th8 Leadership Team apwnted by the chufch Thmbers. The lollowng served as
Charity Trustees duirKJ the year 8fKI up to th8 d8te of this rep￿1.
Minister
Leadershlp Team
Finan(ial Administrator
Apwnt&J 111r25
ApFXMnted 1J1r25
Appointed 111r25

Paisley Bapt15t Church
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 {continued)
STRUCTURE. GOVERNANCE & MANAGEMENT
Governlng document
Paisley Baplist Church is established by conslilulion. The church is a Scottish Charity number SC053324 and Is
recognised by the HMRC under reference number ST06327 The church Is affilialed lo the Baptist Union of Scolland.
The church conslilution was reviewed and updal&d in 2024 when the church changed Its Chanly slalus from an
Unin¢xJrporal8d Voluntary Assoaation (UVA) lo a Scott1sh Chantable Incorporaled Organisalion ISCIOI.
Paisley Baptist Church completed the reslnjclure from an Unincorporated Voluntary Assoaalion IUVAI in name ol
Central Bapiisl Church lo a Scottish Chanlable Incorporated Organisalion (SCIOI on 3181 Doc 2024. 11 was éecided by
the Leadership Team and congregalion that tho church should change ils name slighlty, from Central 88plisl Chufth,
and followng aulhonty from OSCR, a new thanty In name of Paisley Bapiisl Church was crealed. All Ihe 8ssel$ and
liabililies of Central Baptist Church wer8 Iransferred lo Paisley Baplisl Church and all necessary legal documentation was
compleled In ¢%niunction with Alan Holloway. 018koneo L8gal Services who provides legal counsel for the Baptist Union
of Scotland, and submitted lo OSCR.
Appolntment ol Trustee•
The Chanly's Truslees afe appoint￿ or re-appointed by rn8icnty vole by the church member3 and in accordance ￿￿th Ihe
lemis contained In th8 Chanty's constitution. There is no fixed lem for Trusteeship. Pnor lo théir appoinimenl. new
Trust￿3 y￿uld have served tha church for som• time In vanous roles ond would be familiar with the ¢hur¢h's values, its
aim$ and obiectives as Y￿11 as ils day lo day operations.
Admlnlstratlv• Structure
The Truslees are responsible for the overall dirtsclion of the Charity and serve 8s T￿SleeS on a voluntary basis. The
church currently has 57 members who approve the 8ppoinlmenl of Trustees in line wilh the church's conslilulion.
Obj•ctiv•s & Activiti•s
Thè Chanty Is oslablished lor charitable purposes only and the chanlable purposes ar8..
The advancemenl ol religion, specifically the Chnslian lailh, pnmanly In Paisley and neighbouring parts ol
Renfrewshire, and also Ihroughoul Sc4)Iland and Ihe rest of Ihe world. by all means consistent wilh..
1. The Chrislian Bible. and
2. The D•claration ol Prinapl•'
including, without preiudic• lo the foregoing generality, worship, minislry. mission. I￿1n0#S. prayer, followship,
networking, education. comrnunity service and the provision of activities and facilitiès lor the communrty, and
the relief of povorty and olhar Socbal needs, includin9 Ihe support of individuals and other charilable
organi581ion8 and agencies involved in any or all of these.
Achi•v•rn•nts & Perfornwnc•
In r•18tion lo aclivilies..
The church continues lo m881 woekly for Sunday services under the le8dar3hip of our Ministér, Rev
who was app01nled as Ministèr In 2021 For those not able lo attend In person, the servi¢es are also ava11able as a live
Slreaming $8rviC8. The church also runs a couple of weekly Bible Study sessions. m8•ting in the homes of the minister
and other church members. lor sludy and prayer.
A Pastor81 Care lead. lo support Ihe ministèr 8nd cOng￿gallon, volunteered earfy in January 2025. to provide a focus lor
pastoral cafe activity. This has helped lo coordinate visitation activilies to those members who cannot attend Sunday
services due lo Infimily or being housebound. Visitation and conlact programmes are now In place lo reaeh out lo the
thurch famity, their families and beyond Into the wider community. All p8$loral work is carried out by volunteers, and as
and when required, the Minister.

The R6nfr6wshire Foodbank continues lo use our premises on Monday, Wednesday and Friday afternoons. This is
vital service lo the community and. although Ihe Foodbank make a donation for the use of the premises. the costs are
heavily subsidised by the church
We commenced an Inlemalional Cafo on a Tuesday evening for students studwng al the University of the West of
Scotland Following a slow start, momentum has picked up with a steady number of overseas students allending and
enjoying some soual time logelher, and attending Sunday services.
11 Is encouraging that a number ol new members have joined thé church in the last year, and we look forward lo this
upward trend continuing in line with the Ministerfs objective lo increase focLSS on Oulreath activilies in the community.
Building works lo the church sanctuary, windows and hall fabnc were completed this year, including the installation of an
new boiler lo replace the existing boiler which had been in place for over 15 years and was not always reliable. WiFi was
introduced across all parts of the church eslale and there are now plans lo updale the church sound system vthich is
showng signs of age having been implemenled over 15 years ago.

Paisley Baptist Church
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
Financial R•view
The finanoal slalemenls Ihis year are prepared on the accruals basis due to the arxounting requiremenls for the sale ol
the church manse in 2020 vthich rèsulled in an Incre8sed income figu￿ lor that year and required the preparation of
Accrued accounts for the financial year ended 2021 Although our income is below the threshhold for documèntation of
accounts on Receipts and Payments basis. Il was agreed by Ihe Trustees to conlinuè 10 presenl the accc4Jnls for year
ended 2025 on an accruals basis. Under the temis of OSCR SCIO regulations. thè accounts are also presented under
"merge accounting" wth Cèntral Baptist Church. Paisley11 st April 2024 to 31st C*cember 20241 and Paisley Baptist
Church11st January 2025 10 31st March 20251 figure5 merged lor the 12 month penod from 1st April 2024 10 31sl March
2025.
Congregational giving has reduced slighlty wilh offerings and donations totalling £42.8401£44362 in 2024) The sizeable
legacy paymenl received in April 2023 lamountino to £139.919). has allt)wed us to meel the costs of church and hall
building repairs. and thère remain healthy balances in the Church Bank Accounls.
Tax recovere(l on Gift Aid continues lo be a key souree ol income which helps to meet the ongoing Nnning and
increased utilities, costs. The daim for 2024125 is £8,467 4¥thich Is similar lo the previous year12023124 £8,314) Bank
Interest on lunds held wth the Bank of Scolland and Virgin Money amounted lo £15, 667. We actNety revi8w Ihe
accounls on offer in a bid lo maximise interest income and reduce bank charges which have been introduced in 2025
Given our change in Charity slalus and change of name, new Bank acciyjnls vfftre required along with Ihe movement of
funds from one account lo another.
Additional gifts to other oryani$ations amounted to £2.595 to Baptist Mis$M)nary Sooety IBMS) Wodd Mission, £500 to
Scottish Baptist C￿1•98. £500 to Accoftl Fh)spice. Paisley, £5(X) to lh• Glasgtrw City MisS￿n and £5W lo Mercy Ships.
The financial slalemenls for the year show an overall deficit of £13.679 (overall surplus for 2024 was £121,402 ansing in
the main from a very generous legacy paymenl of £139.9191. This yearfs def￿1 reflects irKreased ulility costs. and
building repairs and upgrades.
The 10181 funds of the church as at lh8 year ènd are £603.188 {£616,867 for 2023124).
Risk Management
Whilst the funds of the church 8re healthy. follow.ng sa18 of ihe church manse In the 2020121 8ccounling period 8nd
gacy payment in 2023, the demographic ol thè congregation may impacl bnger term viability. There has been an
increase in the number of younger people attending and bécoming members, and it is hoFéd that this VAII continue in lin6
th pastoral care and outreach programmes.
R•serve• policy
The Trustees. policy Is to maintain unrestncted funas at a level that equales lo belween 3 an¢J 6 months operating costs.
The Charitys unrestncted reserves as at the year end amounted lo £597.043 (2024 £604.905} which was signtficantty
above the required level and was acceptable to the Trustees. The Tnjslees are ￿are of the ongoing maintenance to Ihe
thurch and hall and expect lo require lo use the addIt￿nal reseThes for this purpose.
This report was approved by the Tru51ees on 25th November 2025 and svJned on their behalf by
F f(1sleeiSectelary

Paisley Baptist Church
SC WIITre£33 J4
Independent Examiner's Report to the Trustees of Paisley Baptist Church
I report on the accounts of the Charity for the year ended 31 March 2025 which are set out'on
pages I to 7.
Respective responslbillties 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. The Charity Trustees consider that the audit requirement of
Regulation 10(1) {a) to (c) of the Accounts Regulations does not apply. It is my responsibility to
examine the accounts as required under section 44(11 (c) of the Act and to state whether
particular matters have come to my attention.
Basis of independent examinerfs statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts
(Scotland) Regulations 2006. 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 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 examinerfs statement
In the course of my examination, no rnatter has come to my attention
which gives me reasonable cause to believe that in any material respect the requirements: I
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with Regulatiort 8
of the 2006 Accounts Regulations have not been met, or
to which. in my opinion, attention should be drawn in order to enable a proper
und
Name:
Professional Qualification/Professional Body: Chartered Accountant
Address
Date:
LLI I'LILS

patsley Baptlst Chur
Statement of Financial Artivities
Year ended 31 March 2025
Uniestrfcted
Funds
2025
Restrlcted
Funds
2025
Endowment
Funds
2025
Unrestrlrted
Funds
2024
Restrlcled Endowment
Funds
Funds
2024
2024
Total
2025
Total
2024
Note
Income and endowments from:
Donations and Legacies
Charitable Activities
Other trading Activities
Investments/Bank Deposits
Other Income
51.411
2.595
54.(K16
189,448
3.147
192,595
3.240
14.330
3,240
14.330
15.667
15.667
Total Income
70,678
2,595
73,273
207.018
3,147
210,165
Expendlture On:
Raising Funds
Charitable activities
84,457
2.495
86.952
85.566
3.197
88.763
Total Expendlture
84,457
2,495
86.952
85,566
3,197
88.763
Net IncomellExpendlture) before
8aSns/(lossesl on Investments
-13.779
-13.679
121,452
-50
121.402
Net Galns/(Lossesl on Investments
Net Income/(ExpendltUfe)
-13,779
-13.679
121.452
-50
121.402
Transfers between funds
Net movement In funds
-13.779
ITh)
-13.679
121.452
-50
121,402
Total funds brought forward
616.762
ios
616,867
495,310
155
49S.465
Total funds carrled forward
205
616 762
105
616 867
Page I

Paisley Baptist Church
Balance Sheet
At 31 March 2025
2025
2024
Note
Fixed Assets
Tangible Fixed assets
114,242
101,85
Total Flxed Assets
114,242
101,857
Current Assets
Debtors
Bank and cash
10
5,376
484,046
489,422
11,609
503,917
515,526
Credltors
Fallin8 due within one year
11
476
476
516
516
Net Current Assets
488,946
515,010
Net Assets
603,188
616,867
Funds of the Charity:
Unrestricted Income Funds
Designated Funds
Restritted Income Funds
14
14
14
597,043
5,940
205
604,905
11,857
105
Total Funds
603,188
616,867
The accounts were approved by the Trustees on
and approved on their behalf by:
Pagc 2

Paisley Baptlst Church
Notes forming part of the financial statements
for the year ended 31 March 2025
Unrestritted
Funds
2025
Restrlrted
Funds
2025
Endowment
Funds
2025
Unrestrlcted
Funds
2024
Restrlrted
Funds
2024
Endowment
Funds
2024
Total
2025
Total
2024
l Donatlons and Legacles
Offerings
Tax recovered on Gift Aid
Donations
Grants and Similar income
11.148
8,467
31,692
104
2.595
13.743
8,467
31.692
104
18.036
8.314
163.098
3.147
21.183
8.314
163,098
51,411
2,595
54.006
189.448
3,147
192,595
No value ha5 been assigned to donated goodslservices in the year.
2 Income from Charltable Artivltles
Coffee Mornings/Similar Events
Other
3 Income from Other Tradlng Artlvlties
Rent received
3.240
3.240
3.600
3.600
3.240
3.240
4 Investment Income
Bank interest
15,667
15.667
14.330
14,330
15.667
15.667
14.330
14,330
5 Other Income
Sale of Manse
Totals
70.678
Page 3

Palsley Baptlst Church
Notes forming part of the financial statements
for the year ended 31 March 2025 (continued)
Unrestrlrted
Funds
2025
Restrlcted
Funds
2025
Endowment
Funds
2025
Unrestrlcted
Funds
2024
Restrlrted Endowment
Funds
Funds
2024
2024
Total
2025
Total
2024
6 Analysls of Expendlture
Ralsln8 Funds
Fund Ra ising Costs
Offering Envelopes
Charltable Actlvltles
Minister Salary and costs
Minister's Expenses and Similar
Pulpit Supply
Donations
Depreciation of fixed assets
Fabric Repairs & Maintenance
Other Buildings Costs
Church Office Expenses
45,632
1.411
490
2,025
9,314
1,718
12,925
10.942
84,457
45.632
1.411
490
4,520
9,314
1,718
12,925
10,942
86,952
42.526
1,575
590
42.526
1,575
590
5,197
8,417
11,136
10,815
8,507
88,763
2,495
3,197
8,417
11,136
10,815
8,507
85,566
2.495
3.197
Total
84,457
2,495
86,952
85,566
3,197
88,763
Support costs have not been separately identified as the Trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity
and have not been separately identified.
Page 4

Palsley Baptlst Church
Notes forniing part of the Ilnanclal statements
for the year ended 31 March 2025 {contlnued)
2025
2024
7 Staff costs •nd numbers
Salarie5 and wages
Social ￿￿rIty and pengon costs
Total
31,755
15,288
47,LH3
29,069
15,032
44,101
The average number of employee5 during the year, calculated on the basis of a head count. was as follows..
2025
2024
Administration
No employee had employee benefits of over £so.￿￿{2024- nill.
8 Trnstee Remuneratbon and Rel•ied Party Tran￿rtIOnS
The Church paid £1.411 of expenses for Rev, Chris Townsend, all within the remit of his employment.
Threè Trustees incurred expenses totallin8 £53 on behalf ol the Church this year. These were re-imbursed In full.
No other trusteè or a person related to a trustee had any personal interest in any contract or transaction eniÈrèd Into
by the charity during the year.
During the year, an estimated total amount of £6.950 was donated to the charity by its Trustees.
9 Tan￿ble FIX￿ Assets
Church
Bulldlne EMtLYn•l Path
Chur¢h
Equlpment
Total
V•luJtlon or Cost
At l April 2024
Addition5
Disposals
At 31 MaT¢h 2025
I￿.C(0
23,774
14.739
123.774
21.699
6,960
its).c
38,513
145.473
AccumulJ¢ed Oepreclatbon
At l April 2024
Charge lor year
Eliminated on Disp05als
At 31 March 2025
lo,￿)
2,SC(J
11,917
21,917
9,314
12,5(XJ
IB.325
31.231
Net Book V•lue
Al 31 March 2025
87.5C
6,554
20.188
114,242
At l April 2024
11.857
101,857
10 Oebtors
2025
2024
Gift Aid Refund Dve
Other debtorslprepayments
2,297
3,079
5,376
8,314
3,295
11,609
11 Credltofs
2025
2024
Accrua15
Sundry Creditor5
476
516
476
516
12 Analpls of Nel Assets Amon8 Funds
Ger*eral Desl8nated
Restrl¢ted Endowment
Totsl
Fixed Assets
Current A55ets
Curreni Liabilities
Nèt assets •t JI March 2025
114,242
489,217
476
602,983
120.182
489,422
476
E4)9,128
205
205
Page 5

Palsley Baptlst Church
Notes fomilng part of the flnanclal statements
for the year ended 31 March 2025 Icontlnued)
13 Volunteers
In common with all congregations of the Baptist Church. the charrty benefits from the contribLslron5 made
by volunteers who give their time and talents willingly for the Church. The areas of congregational lrfe which
rely on the contributions of volunteers are many and vaTied and rnu¢h of the activity would be unable to continue
were it not for the commitment shown by these volunteers.
14 Movements In Funds
At l Awll
2024
Income Expendlture Rev•luationl
Transfers
Al 31 March
2025
Restrlrted lunds
Earmarked Fund
105
105
2.595
2.595
-2.495
-2.495
205
205
Unrestrlrted fvnds
Church and Manse Fund
Church Fixed A55et Fund
Fabric Fund
General Fund
426,870
11.857
423,%4
5.940
21,699
151.380
602,983
-5,917
-1.718
-73.916
-84,457
23.417
-23.417
178.035
616.762
70.678
70.678
Tot•1 fvnds
616,867
73,273
-86.952
603,188
Pur
5 of Aestrlrted Funds
Earmarked Fund.. This Is for receipt and disbursement of rnonies for specific organisations and causes.
Pur
5 of Unr*strlrted Of Oesl
n•ted Funds
Church and Manse Fund lunrestrictedl.. This was sel up In 2021 and represents the valuation of the church buildin8S
and the proceeds from the Sale of the Manse. These funds are available to the General Fund bui have been separated out
to meet any exceptional and unplanned c0515 relatin8 to ihe church bubldin8s. On the appointment of ihe new minister in August 2021
it was agreed by members to pay the minisler a Housin8 Allowance ratheT ihan purchase a new manse.
Church Fixed Asset Fund Idesi8natedl'. This was set up in 2021 and relates to the c05101 the Electric Piano and Video
projector. It also Include5 Ihe ¢051 of upgrade of ihe AV syslem.
Fabric Fund.. This fund has been desi8nated to cover repairs and rnaintenance of ihe buildings owned by the church.
General Fund.. This is the main operatin8 fund for church income and expendrture which Is not restrided nor designaled.
15
Collertlons lor Thlrd P•rtl•s
2025
2024
ACCORD H05pice
Scottish Baptist Colle8e
Glasgow CFty Mission
Bapt15t Missionary Society
Mercy Ships
A12heimers Scotland
500
500
500
2,495
500
500
500
500
3,197
500
5,197
4.495
16
P•nsion 3ch•m• Li•bilili•s
The Church is a participating employer in the Baptist Pension Scheme l-lhe Scheme"). which is a separate legal entlty
administered by the Pension Trustee IBaptisl Pension Trust LimTtedl. The a55ets of the stheme are held separalely
from those of the employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers, Pension Fund. started in 1925, but was ¢losed to fytLbre
accrual of defined benefrts on 31 December 2011. Prior to this date the rnain benefrt provided ihrou8h the Defined
Benefit IDBI Plan was a pension of one eightieih of final minimum pensionable income for each year of pensionable
service together with addrtional pension in re5pecl ol premiums paid on Pensionable Income in excess of Minimum
Pensionable Incorne. Since l January 2012. benefits have been provided through a Defined Contribution IDCI Plan.
In july 2022, The Baptist Union and Trustee of the Scheme announced thai they had entered into an agreement wrth
Insurance company'jusi Group" to secure DB members, pension benefits. The agreement 15 referred io as a '8uy-in'
policy. ft follows a similar agreement wrih Jusi enlered into in 2019. The combined agreements mean thai Just group
are now providing financial backing for all DB pensions. As a resuh. Ihe deficit recovery c￿StribUtiOnS reduced io £1
per month from August 2022.
Pa8e 6

Palsley Baptlst Church
Accounting Pollcles
The prlnclpal èteountlng pollcles, whkh have been applied COn￿Stent￿ In the current and preceding year In deallng wlth Items
which are considered rnaterlal to the accounts, afe set out below.
8as65 of Pr•p•r•tlon
The accounts have been prepared In accordance wlth Accountlng and Reportlng by Charitles.. Staternent of Recommended Practke
applkable to charltles preparlng thelr accounis In a¢¢ordance wtth the Flnancial Reportlng Stand•rds appllcable in the UK and
Republlc of ITeland IFR51021155ued on 16 ju￿ 2014 aTrd ihe FlTrancial Report¢n8 Standard appllcable in the UK and the Republlc of
Ireland IFRS 1021, the ChailtSes and Trustee Investment Iscotlandl Act 2￿5 and the Charltles Accounts Iscotlandl Regulations 2(
las arnendedl. The accounts to ihe ye4f end 2021 was the first year that Accrued Accounts h4ve been prepared and the account5
to year end 2025 are also presented in this format. The accounts for Central Baptist Church and Paislry Bèptlst Church have been
amalgamated under merge aicountln8 poklicies to provide one set of accounts for the year.
Funds
Funds are classlflod as either restricted funds or unrestrTCted f¥Jnds. defined as follows..
Restrtcted funds are hjnds Subject to specrfic reoulrements as to thelr use which may be deelared by the donor or w*th thelr
authorlty or created through legal processes. but stlll wtthln the wider objects of the charlty.
Unre5trlcted fund5 are expendable at the discietlon of the trustees in furtherante of the oblects of the charity. If parts of the
unrestricted funds are earrnarked at the discietlon of the trustees for a particular purpose, they are desienated as a separate fund.
Th15 designation ha5 an adminSstralNe purpose onfy and does not restrict the trusiees, dlmretion to appfy the fund. Where
the 5peclfic purpose of the fund ¢5 not known wlth certalnty. the fitnd has betn ¢l•sstfled as an unrestrlcted fund.
Incorn•
Incomels recognlsed when the chadty has entrtlement to the funds, any performance condltlons attached to the Iternlsl of Income
have been met, It Is probable that the Income wlll be re¢efved and ihe amounl can be measured rellabty.
DoMt•d Serwk•s and F•cllltl•s
Donated professional sewvice5 and donated facil¢Ele5 are recognSsed as Incorne when the charlty ha5 ¢ontrol over the rtem. any
condltions assoclated with the donated item have been met, the re¢elpt of economic benefit frorn the use by the charty of tho
itern Is probable and that economic benefrt can be measured reliabfy. In accordance wf(h the Charities SORP IFR51021 the general
volunieer tlme of congregatlon members is not recognlsed.
On recelpt, donated profe55lonal services and donated facllltles are recogni5ed on the basls of the value of the gift io the charfty
which is the arnount the charity would have been wllling lo pay to obtaln services or facilit￿$ of equfvalent economic benefit on the
open rnarket.. a correspondlng amount Is then ￿ognISed as expenditure in the perlod of receSpt.
Resourc•s expend•d
Expendltu¥e 15 re¢ognI5ed on an accru•l$ basls as the Ilabillty Is Incurred.
Int•rest R•cel¥•bl•
Interest on funds heh4 on deposit Is included as frl accrues and the amount can be measured rel10b￿ by the charlty- thls Is normalty
us)on notlflcatlon of Interest pald or Payab￿ by the bank.
Tan11b￿ flmed 4sS•ts
The Chvrch Manse was sold In October 2020 and the remalnln8 herltable property a$5d 15 the Church Bullding and adjoining Hall.
The charity has previousfy reported Sts property ai a 2W5 valuation date. This value fornied the opet7ing valuation for the 2021
Accrued Accounts and contlnves io Infomi the ￿Idual value in this year's accounts. Expendlture Incurred on the repaSv and
rnalntenance of these as5et5 IS tharyed as resour¢es expended In the statement of f6nancS•l attftiitles In the perlod in whith the
Ilability arises.
All other fixed assets costlng In excess of f l.CO) havlng a value to the charity greater than one year, other than those acquired for
specifk purposes. are capitallsed. Assets valued at £6,c(￿ were Incorporated into the 2021 Accounts for the first tlme and £ontinue
to depreclate on a strai8ht-lsne basls to write off the cost or Initial value, less resldual value, of tanglble fixed assets over th￿r
e5tlmated uselul I￿e$, startlng April 2020..
Church Buildlngs
Bulldings fixtures and
Furniture and church equiprneni
New BoI￿r lfltted Nov 2024
New path Ilald Aug 20241
40 years
5 years
3 years
10 years
10 years
TaM•tlon
Paislty Baptist Chur¢h ￿ recocnlsed •$ • chaflty for tho purposes of opplIcab￿ tamatlon le8lslatlon and Is therefore not sublect to
taxation on it5 charitable a¢tNltles. The charlty is not reglstered for VAT and resourres expended therefore include Irr￿0Verable
input VAT.
Pa8e 7