CHARITY REGISTRATION NUMBER: 1109330 Bethel Presbyterian Church (Reformed) Unaudited Financial Statements 5 April 2024 GORDON DOWN & COMPANY LIMITED Accountants and business advisors 144 Walter Road Swansea SA1 5RW
Bethel Presbyterian Church (Reformed) Financial Statements Year ended 5 April 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of financial activities 19 Notes to the detailed statement of financial activities 21
Bethel Presbyterian Church (Reformed) Trustees. Annual Report Year ended 5 April 2024 The Irustees present their report and the unaudited financial slatemenls of Ihe charily for the year ended 5 April 2024. Reference and adminislrative details RegiSted charily name Bethel Presbyterian Church (Reformed) Charily registration number 1109330 Principal office Michaelston Road Ely Cardiff CF5 4SX The trustees Mr l Hepburn (Elder) Mr A Liddingion (Elder) Mr J Hepburn {Elderl Mr P Young (Deacon) Independent examiner Philip Harris 144 Walter Road Swansea SA15RW
Bethel Presbyterian Church (Reformed) Trustees. Annual Report (continued) Year ended 5 April 2024 Structure. governance and management Governing document Bethel Presbyterian Church (Reformed) is constituted under a Trust Deed dated 10 April 2005 and a Conslitulion dated 14 October 2003. The registered charity number is 1109330. Organisational structure The Trustees who have served during the year and since the year-end are sel out on page 1 together with other legal and adminislrative information. The church is ruled by its ordained elders. The "Trustee" so called, is a custodial Trustee for property only. Appoinlmenl and induction ol new truslees The Truslees are elecled by the Elders. session. The Trustees are responsible for the induclion of any new Trustee. This involves making them aware of a Trustee's responsibilities and of the nature of the governing document and administrative procedures. A new Trustee would receive a copy of the charity's Trust Deed together with a copy of the charitys latest Annual Report and Accounts. Key management remuneration The board of Trustees and the Elders, session are considered to be the key management personnel of the charity. Details ol Trustee remuneration or other benefits are disclosed at note 12. Details of Truslee expenses and related party iransactions are disclosed in notes 12 and 18 respectively. Payments to other key management personnel are given al note 11. Risk management The trustees have conducted a review of the major risks to which Ihe charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risk the chariiy faces. These procedures are periodically reviewed lo ensure they continue to meet the needs of the charily.
Bethel Presbyterian Church (Reformed) Trustees. Annual Report (continued) Year ended 5 April 2024 Objectives and activities Objectives and aims The object ol Bethel Presbyterian Church (Reformed) hereinafter called 'the Church. is to advance the Chrislian Religion in accordance with the doctrinal slandards of the church. Aims and powers In furtherance of the above object the church shall= lal establish and build up itself as a Christian church in functioning as custodian. disciple of and witness to the truth of Holy Scripture: Ibl declare the whole counsel of God as revealed in holy Scripture and summarised in the Subordinate Standards of the Church- Icl express Ihe Chrislian life within and oulside the fellowship of the Church- Idl erect or acquire, maintain and. if necessary. dispose of such land and buildings as are necessary io accomplish Ihe object. and for no other purposes than those consistenl wilh charitable status,. lel engage one or more persons in paid employment If) seek visible union with other churches. having the same. or a closely compatible. confessional basis and form of government., Igl seek association. i.e.. fralernal or sister-church relations, other Reforrned or Presbyterian churches subscribing to the Westminster Confession of Faith or the Three Forms of Unity li.e.. the Belgic Confession, the Heidelberg Catechism and the Canons ol Dort) or a compatible Reformed confession- Ihl co-operate wherever possible, on a Biblical basis appropriate to each category, with olher Chrislian churches and organisalions- li} establish and maintain, according to the providence of God, such institutions and structures as will provide for.. Christian education., Iheological training: care of the old and infirm., good works to be done to all men and especially those of Ihe household of faith. and ') undertake the lask of church extension and foundation as the persuasion of Scripiure, providence and the Holy Spirit direct and constrain. Volunteers While emplowng two staff the charity also has numerous volunleer helpers who are responsible for the supwrt ol many activities in the church. It is not possible to place a monetary value on the conlributions made by volunteers nor are figures available Ihal show how many hours ol service Ihey provide.
Bethel Presbyterian Church (Reformed) Trustees. Annual Report (continued) Year ended 5 April 2024 Achievemenls and performance Bethel Church promotes the Christian religion primarily bul not exclusively within the districts of Michaelston and Ely in the City of Cardiff. When considering our activities for the year the Church has considered the Commission s guidance on public benefit and in particular the specilic guidance on charities for the advancement of religion. We seek to enable ordinary people to live out their faith as part of our community through- Worship and prayer- learning and underslanding the whole counsel of God as found in the Bible and developing their relationship with and trust in the Lord Jesus Christ Provision of pastoral care for people within our community Missionary and outreach work. To assist Ihis work rt is imF)Ortarrt Ihat we Tnaintain and as funds permtt develop the facilities wilhin the Church building. Due lo Ihe pressure of increased numbers in the congregalion Ihe need for addilional space, including parking, remains a matter lor concern. Following the demolition of the adjacent school, the Church continues lo benefit from the use of the adjacenl children's cenlre car park. In reports of previous years it was noted that the school site is subject to a comprehensive development plan involving community facililies, old people's accommodation and a mix of residences. The Council has embraced the vision of the Church's desire to expand its facilities and has faclored Ihat in as part of the overall development plan. The final plan has now been submitted for planning approval. Further progress on the Church's vision is dependenl upon suitable finance becoming available. The period 6th April 2023 to 5th April 2024 has seen progress in the life of the church as indicated below. Development of Christian Life As part of the church's commilment lo declare the whole counsel of God as revealed in Holy Scripture and in its commitment to enable as many people as possible to worship at our church and lo become part of the Christian Communiiy gathered al Bethel. regular public meetings of worship and teaching have been maintained. The medium of Zoom continues to be used for those people who are nervous or unable lo attend in person and continues lo reach others further afield. Our seNices are publicised on a nolice board outside the church building and it is emphasised that all are welcome lo attend. Sermons are also published freely on the church"s website. This has been successfully revised during ihe year. The children's woth both Sunday School and Friday night meetings met during the year and continue lo attract both Church children and also children from the local community. Meetings lor teenage girls and boys are held on a monthly basis, and have been lound very uselul both in building relationships and dealing with the kind of questions teenagers face in this modern World. The women s work has seen sustained activity this year with a monthly Bible study on Tuesday evenings and a resumption of Ihe Thursday Lunchtime meeling. The study of particular books lo help in understanding how to live as Christian women in today s society continues to be a central feature of these meelings. A men's meeling has commenced to facilitate closer fellowship through social interaction in an informal and relaxed almosphere with occasional addresses from the Bible. The inlenlion is also to invile friends and neighbours to share in Ihese occasions.
Bethel Presbyterian Church (Reformed) Trustees. Annual Report (continued) Year ended 5 April 2024 As part of our service lo the community our Easter Egg hunt and Summer funday were held during the year. The Church has renamed its regular Wednesday morning meetings as -warm Welcome Wednesdays" offering people Irom the Church and the Community a place to meet and chal and enjoy drinks and light refreshments at no cost. During Ihe summer school vacation Ihe rneetings were held oulside, weather permitting, and a bouncy caslle hired to encourage children and parents to attend. During the year it was agreed that the Minister should undertake studies at the Union School of Theology in order lo gain a Master's degree in Theology. As part of Ihe Church's desire to serve the local community our Minister has undertaken assemblies in local school and one of our members seNes as a school governor. A programme of pastoral visitation and counselling was undertaken particularly by the Minister, assisted by Ihe Elders of the Church. during the year to help and encourage Ihe Church Communily. The Minister continued Prison visitalion during the year, meeting prisoners and holding services in the Prison Chapel. The Church also became a centre for an initiative called "Grand Avenues" in which the probalion seNices meets ex offenders in a more informal context. the object of which is to gel them back into the community and prevent reoffending. During the year the Minister and his family successfully purchased a residence in close proximity to the Church building. The Church building remains available for use as a polling station for elections and has been used for the public consultation meelings previously mentioned. The Church building remains available for use by the local branch of the Women's Institute lor their monthly meetings. Ely continues to be identified as an area containing a large nurnber of underprivileged people and within its resources the church continues lo reach out to help families or individuals in their diff iculties. The church also recommenced its contribution to a local food bank to assist those in need. The Church's annual business meeting took place on the 15th May 2024 when the budget proposed for the year was presented, once again made possible by the generosity ol giving in the church. A number of worthy causes were supported during the year as detailed in the notes of the accounts. Elders of the church attended the regular meetings of the Presbytery of the Evangelical Presbyterian Church of England and Wales during the year.
Bethel Presbyterian Church (Reformed) Trustees. Annual Report {¢oJthé) Year ended 5 April 2024 Flnancial rgvièw Going concem Having considered bu(Jet aThY cash llow pro11)nS for the nexl iwefve months. the Trustees are Gonli(kiil Ililil tlie Tiubl [11 continue to rneet liab41tties as they lall due lor the loreseedLAE luLuie ¢atid consKJer that there are no malwal urtertainties ats)ut Ihe Trust's abilty lo continue as a going concern. 11 Is Iherefoie consNJergJ aFpropriaie t)y Ihe Tfusiees io Kyepare the financ staiements on a going concern basis. Thè aco)unt* mmpty with the ent St3hrt UireMentS and charitrfs oovÈmiryJ 1mP.rrtS. Total incomrng resources for the year 01 £117.228 consist of donations recewed of £94,690, associated tax refunds of £19.956, £200 for room hire, £699 01 interest arKI other iOe of £1,683. A sMJnirant proportion of the totsl eXFli1re of £125.429 relates to salaries ministry SL4¥N)rL Incoming resources wefe excee(Jed by resou expended by £8.201 (2023 expen1 resources exceeded incoming resources by £11,8&31. RoseThes policy The 8ders have examined the Ie1 of reserves hekl at the year end in light of the mwn risks facing the organisation. A wlicy has been egt2btighod to mantn Iree resgrv9s gquivalont lo thrao month$, operating Cosls. This is estimated to aFvoximalety £12.1)00. The free reserves ol a chartty represent the funds Ihal 8Te freety avatlable lo spend. In calculating the tree reseNes the Ekyers have deducted from the lolal of unrestr1£ funds any funds designated al the year end and the net bk value of all taiYJible fixed assets as detai in the accounts after adjuslillg for assoc¢ated )rrOng. This aVeS a surplus ol free reserves at 5 ApTiI 2024 01 £71.756 which is £59.756 atrK>ve the target set by the Ekyers. The wlicy is rewthved by the tnjstees on an an onaoing basis. There were no unrestrthd furxls degnated at the year end. ao2lF The trustees. annual rewjrt was aFproved on a.3.... . .......... ..... aThl gigned on behall of the board ol trusiees ty.. A-L/L Mr l HeFthm ( kleil TTuslee
Bethel Presbyterian Church (Reformed) Independent Examiner's Report to the Trustees of Bethel Presbyterian Church (Refomied) Year ended 5 April 2024 I report to the trustees on my examination of the financial statements of Bethel Presbyterian Church (Refomied) ('the chariw) for the year ended 5 April 2024. Respon8ibilttles and basls of report As the truslees of the charity you are responsible for the preparation of the financial statgments in aCrdance With the requirements of the Charities Act 2011 {'the Act,). I re1 in respect of my examination of the charitys financial statements carried out under section 145 of the 2011 Act and in carrying out my eXaMinatn I have fc4lowed all the applicable DirectK)ns given by the Charty Commission under section 145(5){b) of the Act. Independent examinerfs sL*ement I have cornpleted my examination. I confirm that no materlal matters have come to my attention in connection with the examination glving me cause to believe that in any material respect: a(xounting recor(Is were not kept in respect of the chartty as required by section 130 of the Act", or the financial statements do not accord wtih those records." or the financial statem&nts do not comply the applicable requirements conceming the form and content of accounts sel out in the Charit5 (Accounts and Reports) Regulations 2008 other Ihan any requ1ment that the a(zwnts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in cyder to enable a proper understandlng of the accounts to be reached. Philip HarrL8 Independent Examiner 144 Walter Road Swansea SA1 5RW lots
Bethel Presbyterian Church (Reformed) Statement of Financial Activities Year ended 5 April 2024 2024 Unrestricted funds Tolal funds 2023 Total funds Note Income and endowmenls Donalions and legacies Investment income Other income 114,646 899 1,683 114,646 899 1,683 96,638 1,897 Total income 117,228 117,228 98,535 Expenditure Expenditure on charitable activities Total expenditure 125.429 125,429 110.418 125.429 125,429 110.418 Net expenditure and net movemenl in funds {8,201) 18,2011 111,8831 Reconciliation of funds Total funds brought forward Total funds carried forward 368,079 368,079 379,962 359,878 359,878 368,079 The statement ol linancial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing aclivities. The notes on pages 10 10 17 fomi part of these financial statements.
Bethel Presbyterian Church (Reformed) Statement ol Financial Position 5 April 2024 20¥J Flxed assets Tangib fixed assets 14 288,120 282,330 Debtors Cash at bank and in haThJ 15 20.748 12,991 74.139 75,013 88,130 Credilors: amounts falllng due within one ye 16 ' 3.255 2,381 71.758 359,878 85.749 368.079 Totrl assels less current liabllllles Funds ol the charity Unrestrict&J funds 359.878 368.079 Total charity funds 359,878 368,079 Thes ial statements were apy0v1 by the board ol trustees aulhoris&J lor issue on ..JS, ar are swned on behaK ol the board br. Mr A LKldington (Eklerl Trijslee The notes on pages 10 to 17 fonn W ofthpse fin1?1 statwrv
Bethel Presbyterian Church (Reformed) Notes to the Financial Statements Year ended 5 April 2024 General inforniation The charity is a public beneff( entity and a registered charity in England and Wales and is unincorwrated. The address of the principal office is Michaelston Road, Ely, Cardiff. CF5 4SX. Slalement ol compliance These financial stalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (Charities SORP (FRS 102)) and the Charities Act 2011. Accounling policies Basis of preparation The financial slatemenls have been prepared on the historical cosl basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties aboul the charitys ability to continue. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of lenler narne of group financial statements) which can be obtained from (enter detail). As such. advanlage has been taken of the following disclosure exemptions available under paragraph 1.12 01 FRS 102- (a) No cash flow statement has been presented for the company. Judgements and key sources ol estimalion uncertainly The preparation of the financial statements requires managemenl to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other faclors, including expeclalions of future events that are believed to be reasonable under the circumslances. Significant judgements There are currently no key judgements that management has made in Ihe process of applwng the enlivs accounling policies that have a significanl effect on the amounts recognised in the financial statemenls. Key sources of estimation uncertainty - There are currently no key assumptions or other sources of estimation uncertainty ihal have a significant risk of causing a material adjuslment to the carrying amounts of assels and liabilities within the nexl financial year. Income tax The charity is exempt from tax on its charitable activilies. 10
Bethel Presbyterian Church (Reformed) Notes to the Financial Statements (continued) Year ended 5 April 2024 Accounling policies (conlinued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricled funds are subjecled to restrictions on their expenditure declared by the donor or Ihrough the terms of an aweal. and fall into one of Iwo sub-classes.. restricted income lunds or endowment funds. Incoming resources All incoming resources are included in the stalement of financial activities when enlitlement has passed lo the charity: it is probable thal the economic benefits associaled with the transaction will Ilow to the charity and Ihe amount can be reliably measured. The lollowing specific policies are applied lo particular categories of income: income from donations or granls is recognised when there is evidence of entillement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entillement is eslablished. income Irom donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably. in which case the value is derived from the cost to the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounls when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the conlracted service. This is classilied as unrestricted funds unless there is a contraclual requirement lor it lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricled. 11
Bethel Presbyterian Church (Reformed) Notes to the Financial Statements (continued) Year ended 5 April 2024 Accounling policies (conlinued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannol be fully recovered, and is classified under headings ol Ihe statemenl of financial activities to which il relates: expenditure on raising funds includes the costs of all fundraising activities, events. non- charitable trading activities, and the sale of donated goods. expenditure on charilable activilies includes all costs incurred by a charity in undertaking activities Ihal further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relaling to the governance of the charity apportioned to charitable aclivities. other expenditure includes all expenditure Ihal is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecling the use of the resource. Direcl costs attribulable to a single activity are allocated directly to thal actlvlty. Shared costs are apportioned between the aclivities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cosl, and subsequently stated at cosl less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounls are recorded al the fair value at the dale of revaluation less any subsequenl accumulaled depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairmenl Ihat has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amounl of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the slatemenl of financial activilies. Depreciation Deprecialion is calculated so as lo write off the cosl or valuation of an asset, less its residual value, over the useful economic life of that asset as follows- Freehold property Fixtures and fittings Improvements to property /0 Straight line 20°/o Straight line /0 Straight line Impairment ol lixed assels A review for indicators of impairment is carried out at each retM)rting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, Ihe asset is impaired accordingly. Prior impairmenls are also reviewed for possible reversal at each reporting date. 12
Bethel Presbyterian Church (Reformed) Notes to the Financial Statements (continued) Year ended 5 April 2024 Accounling policies (conlinued) Impairment of fixed assets (Gontinued) For the purposes ol impairment testing, when it is not possible to estimate the recoverable amounl of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit lo which the asset belongs. The cash-generating unit is the smallest idenlifiable group of assels Ihal includes the assel and generates cash inllows thal largely independent of the cash inflows from other assets or groups of assets. For impairment lesting of go¢)dwill. the goodwill acquired in a business combination is, from the acquisition date, allocated lo each of the cash-generating unils that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial inslruments The Church only has linancial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al Iheir settlement value with the exception ol bank loans which would be subsequently measured at the carrying value plus accrued interest less repayments. Defined contribution plans Contributions to defined corrtribution plans are recognised as an expense in the period in which Ihe related service is prowded. Prepaid contributions are recognised as an asset to Ihe extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be setlled wholly vthin 12 months of Ihe end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in Ihe period in which it arises. Donations and legacies Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Donalions Omerings Gift Aid 94,690 19,956 94,690 19,956 83.254 13.384 83,254 13,384 114,646 114,646 96,638 96,638 Inveslmenl income Unreslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable Other interest receivable Rent receivable 504 195 200 504 195 200 133 1,364 400 133 1.364 400 899 899 1.897 1,897 13
Bethel Presbyterian Church (Reformed) Notes to the Financial Statements (continued) Year ended 5 April 2024 Other income Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Other income 1,683 1,683 Expenditure on charilable aclivities by fund type Unreslricled Total Funds Unrestricled Total Funds Funds 2024 Funds 2023 Ministerial and pastoral activilies Relationships with other churches Theological Iraining activities Bible club and outreach Support costs 98,120 2,500 2,522 3,506 18,781 98,120 2,500 2,522 3,506 18,781 83,853 2,000 1,560 4,839 18,166 83,853 2.000 1,560 4.839 18,166 125,429 125,429 110,418 110,418 Expenditure on charilable activities by activity type Activilies undertaken Grant funding directly of activities Support costs Total funds 2024 Total fund 2023 Ministerial and pastoral activities Relalionships with other churches Theological training activities Bible club and outreach Governance costs 81.737 16,383 17.109 115,229 99.381 2.500 2,500 2,000 2.522 3.506 2,522 3,506 1,672 1,560 4.839 2,638 1,672 90.265 16,383 18,781 125,429 110.418 14
Bethel Presbyterian Church (Reformed) Notes to the Financial Statements (continued) Year ended 5 April 2024 Analysis of grants 2024 2023 Grants to institutions Christian Institute EMF Barnabas Fund North East India Nepal mission cause Stewardship Oxford Evangelical Church OMF Middle East Relugee Fellowship Winter crisis appeal 500 500 500 1,500 500 516 10.000 1.000 500 500 500 1,075 500 500 15.016 3,575 Grants to individuals Grants to individuals 1,367 3,331 Tolal granls 16.383 6,906 10. Net expenditure Net expenditure is stated after chargingl{crediting): 2024 2023 Depreciation of tangible fixed assets 10.830 8,116 11. Independent examinalion fees 2024 2023 Fees payable to the independent examiner for= Independent examination of the financial statements 1,524 1,524 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows- 2024 2023 Wages and salaries Employer contributions to pension plans 60.209 4.960 58,370 4,370 65,169 62,740 The charity employed one person during the year.. the Minister. The total employee benefits of the charity's key management personnel were £48.816 {2023 - £44,090). The average head counl of employees during the year was 1 12023: 1). No employee received employee benefits of more than £60.000 during the year {2023= Nil}. 15
Bethel Presbyterian Church (Reformed) Notes to the Financial Statements (continued) Year ended 5 April 2024 13. Trustee remuneration and expenses No truslees received any remuneration or other benefits during the year ended 5 April 2024. There were no trustees. expenses paid for the year ended 5 April 2024. 14. Tangible fixed assets Freehold Fixlures and ImproveTnent property fittings lo propety Total Cost At 6 April 2023 Additions 338,718 22,468 14,271 76,701 2,349 437.887 16,620 At 5 April 2024 Depreciation Al 6 April 2023 Charge for the year At 5 April 2024 Carrying amount At 5 April 2024 Al 5 April 2023 338,718 36,739 79,050 454,507 115,367 6,275 21,955 2,974 18,235 1 ,581 155.557 10,830 121,642 24,929 19,816 166,387 217,076 11,810 59,234 288,120 223,351 513 58,466 282,330 15. Debtors 2024 2023 Other debtors 20.748 13,991 16. cditors. amounts lalling due wilhin one year 2024 2023 Other creditors 3.255 2,381 17. Pensions and olher post rel1ment benefits Delined conlribution plans The amount recognised in income or expenditure as an expense in relalion to delined contribution plans was £4.960 {2023: £4.370). 16
Bethel Presbyterian Church (Reformed) Notes to the Financial Statements (continued) Year ended 5 April 2024 18. Analysis of charilable funds Unrestricted funds At 6 April 2023 At Income Expenditure 5 April 2024 General funds 368,079 117,228 {125,4291 359,878 At 6 April 2022 Al Income Expenditure 5 April 2023 General funds 379,962 98,535 (110,4181 368.079 19. Analysis of nel assets between funds Unrestricted Tolal Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Nel assets 288.120 75.013 3,255 288,120 75,013 3,255 366,388 366,388 Unrestricted Tolal Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Nel assets 282.330 88.130 2,381 282,330 88,130 2,381 372,841 372,841 20. Related parties The aggregate value of unconditional donations made by the Trustees in the year to 5 April 2024 was £22,498 {2023 - £23.605). 17