| Page | |||
|---|---|---|---|
| Trustees' annual report |
|||
| Independent examiner's report |
to the trustees | ||
| Statement offinancial |
activities | ||
| Statement offinancial | position | ||
| Notes to the financial | statements | 10 | |
| The following pages |
do not form part ofthe financial statements | ||
| Detailed statement of |
financial | activities | 19 |
| Registered | charity | name | Bethel Presbyterian | Bethel Presbyterian | Church | (Reformed) |
|---|---|---|---|---|---|---|
| Charity registration | number | 1109330 | ||||
| Principal office | Michaelston | Road | ||||
| Ely | ||||||
| Cardiff | ||||||
| CF54SX | ||||||
| The trustees | ||||||
| Mr I Hepburn |
(Elder) | |||||
| Mr A Liddington (Elder) |
||||||
| Mr J Hepburn | (Elder) | |||||
| Mr P Young | (Elder) | |||||
| Independent | examiner | Philip Harris | FCA of | |||
| Gordon Down 8 Company |
Limited | |||||
| 144Walter Road | ||||||
| Swansea | ||||||
| SA1 5RW |
| Y | ear en | ded 5 April | 2023 | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | E | ||||||
| Income and endowments | |||||||
| Donations and legacies |
4 | 96,638 | 96,638 | 97,757 | |||
| Investment income |
5 | 1,897 | 1,897 | 286 | |||
| Total incoine | 98,535 | 98,535 | 98,043 | ||||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 6,7 | 110,418 | 110,418 | 95,559 | ||
| Total expenditure | 110,418 | 110,418 | 95,559 | ||||
| Net income/(expenditure) | and net | ||||||
| movement in funds |
(11,883) | (11,883) | 2,484 | ||||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 379,963 | 379,963 | 377,479 | |||
| Total funds carried | forward | 368,080 | 368,080 | 379,963 |
| Statement of Financial 5 April 2023 |
Position | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 13 | 282,330 | 289,842 | |||
| Current assets | ||||||
| Debtors | 14 | 13,991 | 11,780 | |||
| Cash at bank | and | in | hand | 74,139 | 80,604 | |
| 88,130 | 92,384 | |||||
| Creditors: amounts | falling due within one year | 15 | 2,380 | 2,263 | ||
| Net current | assets | 85,750 | 90,121 | |||
| Total assets | less | current liabilities | 368,080 | 379,963 | ||
| Funds ofthe charity | ||||||
| Restricted funds | ||||||
| Unrestricted | funds | 368,080 | 379,963 | |||
| Total charity | funds | 17 | 368,080 | 379,963 |
| over the | useful economic life |
useful economic life |
ofthat | asset as foll | ows: |
|---|---|---|---|---|---|
| Freehold | property | 2% straight | line | ||
| Fixtures | and | fittings | 20% straight | line | |
| Improvements | to property | - | 2%straight | line |
| Donations and legaci |
es | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2023 | Funds | 2022 | |
| Donations | ||||
| Offerings | 83,254 | 83,254 | 86,578 | 86,578 |
| Gift Aid | 13,384 | 13,384 | 11,179 | 11,179 |
| Grants | ||||
| Grants receivable | ||||
| 96,638 | 96,638 | 97,757 | 97,757 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| F | E | ||||
| Bank | interest receivable | 133 | 133 | 6 | 6 |
| Other | interest receivable | 1,364 | 1,364 | 30 | 30 |
| Rent | receivable | 400 | 400 | 250 | 250 |
| 1,897 | 1,897 | 286 | 286 |
| Expenditur | e |
on c | harita | ble activities by fu |
nd type | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| E | |||||||
| Ministerial | and | pastoral | activities | 83,853 | 83,853 | ||
| Relationships | with | other | churches | 2,000 | 2,000 | ||
| Theological | training | activities | 1,560 | 1,560 | |||
| Bible club | and | outreach | 4,839 | 4,839 | |||
| Support costs | 18,166 | 18,166 | |||||
| 110,418 | 110,418 | ||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| F | |||||||
| Ministerial | and | pastoral | activities | 72,852 | 72,852 | ||
| Relationships | with | other | churches | 2,000 | 2,000 | ||
| Theological | training | activities | 794 | 794 | |||
| Bible club | and | outreach | 1,876 | 1,876 | |||
| Support costs | 18,037 | 18,037 | |||||
| 95,559 | 95,559 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | ||||
| directly | ofactivities Support costs | 2023 | 2022 | ||||
| F | |||||||
| Ministerial | and pastoral | ||||||
| activities | 76,947 | 6,906 | 13,740 | 97,593 | 88,171 | ||
| Relationships | with other | ||||||
| churches | 2,000 | 426 | 2,426 | 2,538 | |||
| Theological | training | ||||||
| activities | 1,560 | 332 | 1,892 | 1,007 | |||
| Bible club | and outreach | 4,839 | 1,030 | 5,869 | 2,380 | ||
| Governance | costs | 2,638 | 2,638 | 1,463 | |||
| 85,346 | 6,906 | 18,166 | 110,418 | 95,559 |
| Y | ear en | de | d 5April 2023 | ||||
|---|---|---|---|---|---|---|---|
| 8. | Analysis ofgrants | ||||||
| 2023 | 2022 | ||||||
| Grants to institutions | |||||||
| Christian Institute |
500 | 500 | |||||
| EMF | 500 | 3,116 | |||||
| Christian Witness to Israel |
500 | ||||||
| North East India | 500 | 1,030 | |||||
| Nepal mission cause | 500 | ||||||
| Romanian ministries |
600 | ||||||
| OMF | 1,075 | 250 | |||||
| Middle East Refugee Fellowship | 500 | ||||||
| Winter crisis appeal | 500 | ||||||
| Other | 200 | ||||||
| 3,575 | 6,696 | ||||||
| Grants to individuals | |||||||
| Various | 3,331 | 3,747 | |||||
| Total grants | 6,906 | 10,443 | |||||
| 9. | Net income/(expenditure) | ||||||
| Net income/(expenditure) | is stated after | charging/(crediting): | |||||
| 2023 | 2022 | ||||||
| f. | |||||||
| Depreciation oftangible fixed assets |
8,116 | 7,973 | |||||
| 10. | Independent examination |
fees | |||||
| 2023 | 2022 | ||||||
| f. | |||||||
| Fees payable to the independent | examiner | for: | |||||
| Independent examination |
ofthe financial | statements | 478 | 439 | |||
| Other financial services | 1,115 | 1,024 | |||||
| 1,593 | 1,463 |
| Staff cos | ts | ||||
|---|---|---|---|---|---|
| The total | staff costs and | employee | benefits for the reporting | period are analysed as |
follows: |
| 2023 | 2022 | ||||
| Wages and salaries | 39,720 | 24,106 | |||
| Social security costs | |||||
| Employer | contributions | to pension | plans | 4,370 | 1,520 |
| 44,090 | 25,626 |
| 13. | Tangible fixed asse | ts | |||
|---|---|---|---|---|---|
| Freehold | Fixtures and | Improvement | |||
| property | fittings | to property | Total | ||
| K | |||||
| Cost | |||||
| At 6 April 2022 | 338,719 | 21,864 | 76,700 | 437,283 | |
| Additions | 604 | 604 | |||
| At 5April 2023 | 338,719 | 22,468 | 76,700 | 437,887 | |
| Depreciation | |||||
| At 6 April 2022 | 109,094 | 21,646 | 16,701 | 147,441 | |
| Charge for the year | 6,274 | 308 | 1,534 | 8,116 | |
| At 5April 2023 | 115,368 | 21,954 | 18,235 | 155,557 | |
| Carrying amount |
|||||
| At 5April 2023 | 223,351 | 514 | 58,465 | 282,330 | |
| At 5 April 2022 | 229,625 | 218 | 59,999 | 289,842 | |
| 14. | Debtors | ||||
| 2023 | 2022 | ||||
| Other debtors | 13,991 | 11,780 | |||
| 15. | Creditors: amounts | falling due within one year | |||
| 2023 | 2022 | ||||
| f. | E | ||||
| Other creditors | 2,380 | 2,263 |
| Analysis ofc | haritable funds |
||||
|---|---|---|---|---|---|
| Unrestricted | funds | ||||
| At | At | ||||
| 6 April 2022 | Income | Expenditure | 5April 2023 | ||
| E | E | F | |||
| General funds | 379,963 | 98,535 | (110,418) | 368,080 |
| Analysis ofnet as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds E |
Funds E |
2023 f |
2022 E |
||
| Tangible fixed assets | 282,330 | 282,330 | 289,842 | ||
| Current assets | 88,130 | 88,130 | 92,384 | ||
| Creditors less than | 1 year | (2,380) | (2,380) | (2,263) | |
| Net assets | 368,080 | 368,080 | 379,963 |
| 5April 202 | 3 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Income and endowments | |||||
| Donations and legacies |
|||||
| Offerings | 83,254 | 86,578 | |||
| Gift Aid | 13,384 | 11,179 | |||
| 96,638 | 97,757 | ||||
| Investment income |
|||||
| Bank interest receivable | 133 | 6 | |||
| Other interest receivable | 1,364 | 30 | |||
| Rent receivable | 400 | 250 | |||
| 1,897 | 286 | ||||
| Total income | 98,535 | 98,043 | |||
| Expenditure | |||||
| Expenditure on charitable |
activities | ||||
| Wages and salaries | 39,720 | 24,106 | |||
| Pension costs | 4,370 | 1,520 | |||
| Ministry support | 18,650 | 20,394 | |||
| Theological training |
and conferences | 1,560 | 794 | ||
| Visiting speakers | 1,964 | 6,601 | |||
| Presbytery subscriptions |
2,000 | 2,000 | |||
| Church activities | 926 | 446 | |||
| Evangelism | 2,404 | 724 | |||
| Sunday school expenses | 1,932 | 1,024 | |||
| Publications | 503 | 128 | |||
| Travel | 3,201 | 1,369 | |||
| Depreciation | 8,116 | 7,973 | |||
| Grants to institutions | 3,575 | 6,696 | |||
| Grants to individuals | 3,331 | 3,747 | |||
| 92,252 | 77,522 | ||||
| Support costs | |||||
| General administrative | costs | ||||
| Insurance | 1,034 | 1,032 | |||
| Heat, light 8 water | 3,256 | 1,139 | |||
| Printing, postage 8 |
stationery | 2,741 | 2,544 | ||
| Website | 2,281 | 1,736 | |||
| Internet and telephone | 790 | 747 | |||
| Repairs and renewals | 5,396 | 9,316 | |||
| Bank charges | 30 | 60 | |||
| 15,528 | 16,574 |
| Governance costs | |||
|---|---|---|---|
| independent Examiner's fees |
1,593 | 1,463 | |
| Legal and other professional | fees | 1,045 | |
| Total expenditure | 110,418 | 95,559 | |
| Net (expenditure)/income | (11,883) | 2,484 |