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||||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|
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|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||||
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|||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|
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||||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|
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|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|
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|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|
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|||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|
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|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|
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||||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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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||||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|
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|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|