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2021-03-31-accounts

Charity number: 1145492

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 21

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees

Rev. Dr. A Christofides, Pastor1 N Evans3 M Ford2 J Johnston2 J McDonald3 P Milsom, Assistant Pastor (resigned 10 January 2021)1 S Napper (resigned 19 April 2021)2 A Rees1,3 M Rees3 N Rowe2 A Smith3 G Thomas, Treasurer2,3 R Webster1 D C Williams, Church Secretary1,3 J Williams2

1 Elder

2 Deacon

3 Trustee of Chapel Trust

Charity registered number

1145492

Principal office

Caersalem Chapel, Tyr Winch Road, Old St Mellons, Cardiff, CF3 5US

Page 1

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the Caersalem Baptist Church & Caersalem Baptist Chapel, St Mellons and Caersalem Baptist Chapel (together the "Charity") for the year ended 31 March 2021.

The Charity also operates under the name "St Mellons Baptist Church".

This joint report has been prepared as the trustees of both organisations recognise that the two are intrinsically linked and that it is therefore impossible to fully report on the activities of one trust without reference to the other. This has been recognised by the Charity Commission who, on 13 April 2013, issued a direction formally linking the two trusts for registration and reporting purposes.

Objectives and activities

a. Objectives

Caersalem Baptist Church

Under the constitution adopted by the members of the church, the principal object of the church is the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Eastern Cardiff.

Caersalem Baptist Chapel

The principal purpose of the Caersalem Baptist Chapel Trust is that of providing a place of public worship for Particular or Calvinistic Baptists in the parish of St Mellons, Cardiff.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities undertaken to achieve objectives

We meet regularly (twice on a Sunday and once during the week) to worship God. We also enjoy fellowship together, and are committed to reaching out into our neighbouring communities of Old St Mellons, Llanrumney and St Mellons, and to the wider districts of Trowbridge, Pontprennau and the smaller villages to the North and East of the church.

We normally also run a large Sunday School, a carer & toddler group, clubs for children and teenagers, meetings specifically for women and for men, and various other meetings but these activities have been curtailed as a result of the COVID-19 pandemic.

In addition, the church buildings have been used for activities such as an election polling station.

Page 2

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities (continued)

c. Main activities undertaken to further the Charity's purposes for the public benefit

Worship services

As noted above, the church meets 3 times a week for collective worship, prayer and teaching which is open to the entire community. In the past year, these meetings have been held on-line either through webcasting via YouTube for Sunday Services or through Zoom in the case of prayer meetings. Since September 2020, we have been able to welcome a limited number of people to the Chapel for Sunday services, as permitted by COVID regulations, but we look forward to when social distancing is no longer required and we can gather again as a full congregation.

Sunday school & First steps

The nature of these activities and our buildings means that it has not been possible to hold these activities during the COVID-19 pandemic, although we have continued to provide materials each Sunday for those Sunday School children that have wanted to continue in a limited way.

Young people's fellowship

The young peoples fellowship caters for children of secondary school age combining a mix of social activities with Christian teaching, including application of Christianity in the lives of the young people. In the first wave of the pandemic, meetings were suspended but we have been able to establish meetings through a mix of in person and online activities since.

Ladies & men's meetings

Again, the pandemic has prevented face to face meetings, but a number of individuals have continued to meet, whether on-line or through discussions chat groups.

Care home

Due to the pandemic and the particular impact it had on care homes, we have had to suspend our regular monthly service.

Missionaries

The church continues to support a number of missionaries both in the UK and serving overseas. In particular, one of our members has now returned from working in Brazil to work more locally in areas of need and another is working in a hospital in Uganda.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The trustees believe that it is appropriate that the trust seeks to build a level of free reserves (defined as the balance on the General Fund) equivalent to approximately three months of expenditure which currently equates to approximately £23,500.

The General Fund as at 31 March 2021 amounted to £31,566 (2020: £22,890).

Page 3

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

a. Caersalem Baptist Church, St Mellons

Caersalem Baptist Church, St Mellons (the "Church") is a Charitable Trust, representing a group of Particular (Calvinistic) Baptist believers who meet at Caersalem Chapel, St Mellons, Cardiff. The members of the church have adopted a constitution setting out the key beliefs of the church and the requirements of membership.

As at 31 March 2021, the Church comprised of 113 (2020: 117) members.

The Church membership is composed of those who have been called and separated from the world by the Word and the Spirit of God and who through faith in the Lord Jesus Christ are savingly converted to Him, and have been baptised by immersion into the likeness of Christ’s death and resurrection.

A person may apply to the Elders to become a member of the Church and that application, if approved (after a meeting with at least two Elders), is then laid before the members at a Church meeting for their approval.

In accordance with Biblical teachings, the members have identified individuals from within the membership to oversee both spiritual matters (Elders) and temporal matters (Deacons). These individuals are regarded as the Trustees of Caersalem Baptist Church, St Mellons and they are elected to office by the members of the Church in accordance with the Rules of the Church.

b. Caersalem Baptist Chapel

The Trust of Caersalem Baptist Chapel is a Holding Trust which was established in 1884 to provide a place of public worship for Particular or Calvinistic Baptists in the parish of St Mellons, Monmouthshire (now the City and County of Cardiff), who had gathered to meet since 1794.

Members of the Church Trust automatically become members of the Chapel Trust.

The trust deed requires a minimum of 5 and maximum of 15 trustees to be appointed. The appointment of a trustee is dependent on securing a two-thirds majority of church members voting at a meeting called for such a purpose. A meeting to appoint a trustee will only occur either when the number of trustees falls below the minimum level of 5 or when the male members of the church believe it is appropriate to do so.

Trustees are appointed until death, resignation, removal from office, incapacity or being beyond the seas.

c. Church officers and trustees

The trustees of Caersalem Baptist Church and Caersalem Baptist Chapel, who have all served throughout the year and up to the date of approval of this report (unless otherwise specified), are as stated on page 1.

Page 4

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Plans for future periods

The Church has been significantly impacted by the global pandemic and has had to curtail a lot of the normal activities and events that we would usually organise. We currently have two Sunday services which are attended by a growing number (where COVID restrictions permit) and lived streamed together with other meetings held during the week via video conferencing software.

It is our desire to be able to resume full services as soon as possible, but only when it is safe to do so for all connected with the church, both members and the local community. We continue to review developments in local regulations and the experiences of churches both in the UK and elsewhere to build our plans for the future activities of the church both as we recover from the pandemic and into the future.

Also in September 2021 our Pastor, Andy Christofides, stepped down after 21 years of faithful service to the Church. We wish him and his wife Jill every blessing in their future work and we are also seeking the Lord's direction for a future Pastor of the Church.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

D C Williams

Church Secretary Date: 29 January 2022

Page 5

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiner's Report to the Trustees of Caersalem Baptist Church & Caersalem Baptist Chapel, St Mellons ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' 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 order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 29 January 2022 Alwyn Faithfull FCA

3 Telford Close, Rogerstone, Newport, NP10 0DL

Page 6

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note
Income and
endowments from:
Donations and legacies
3
Investments
Other income
Total income and
endowments
Expenditure on:
Charitable activities
4
Total expenditure
Net
income/(expenditure)
Transfers between
funds
11
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2021
£
113,577
218
-
113,795
100,926
100,926
12,869
(2)
12,867
39,419
12,867
52,286		 Restricted
funds
2021
£
34,319
-
-
34,319
11,274
11,274
23,045
2
23,047
27,429
23,047
50,476		 Endowment
funds
2021
£
-
-
-
-
7,394
7,394
(7,394)
-
(7,394)
244,765
(7,394)
237,371		 Total
funds
2021
£
147,896
218
-
148,114
119,594
119,594
28,520
-
28,520
311,612
28,520
340,133		 Total
funds
2020
£
140,967
-
540
141,507
127,637
127,637
13,870
-
13,870
297,742
13,870
311,612

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 21 form part of these financial statements.

Page 7

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current assets
Total net assets
Charity funds
Endowment funds
11
Restricted funds:
Restricted funds
11
Restricted funds - class ii
11
Total restricted funds
11
Unrestricted funds:
Designated funds
11
General funds
11
Total unrestricted funds
11
Total funds		 2,782
91,702
94,484
(3,070)
49,060
1,416
20,719
31,566		 2021
£
248,718
91,414
340,132
237,371
50,476
52,285
340,132		 3,197
61,596
64,793
(10,888)
24,613
2,816
16,529
22,890		 2020
£
257,708
53,905
311,613
244,765
27,429
39,419
311,613

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

D C Williams Church Secretary Date: 29 January 2022

The notes on pages 9 to 21 form part of these financial statements.

Page 8

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

Caersalem Baptist Church, St Mellons is an unincorporated charity registered with the Charity Commission for England and Wales, registered number 1145492. The Charity also operates under the name "St Mellons Baptist Church".

Caersalem Baptist Chapel is an unincorporated charity linked to Caersalem Baptist Church, St Mellons for administrative and reporting purposes.

The principal address of the Charities is Caersalem Chapel, Tyr Winch Road, Old St Mellons, Cardiff, CF3 5US.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Caersalem Baptist Church & Caersalem Baptist Chapel, St Mellons meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation unless a declaration is made in respect of historic donations, in which case it is recognised at the date the declaration is provided.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 9

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.9 Financial instruments

The Charity only has financial 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 at their settlement value.

2.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 10

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations
Gift aid received
Donations
Gift aid received		 Unrestricted
funds
2021
£
97,822
15,755
113,577
Unrestricted
funds
2020
£
99,229
17,552
116,781		 Restricted
funds
2021
£
28,650
3,898
32,548
Restricted
funds
2020
£
19,917
2,755
22,672		 Specific
gifts
2021
£
1,511
260
1,771
Specific gifts
2020
£
1,460
54
1,514		 Total
funds
2021
£
127,983
19,913
147,896
Total
funds
2020
£
120,606
20,361
140,967

Page 11

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2021
£
Ministry
61,037
Outreach & activities
15,588
Chapel maintenance
17,797
Other support costs
6,504
100,926
Unrestricted
funds
2020
£
Ministry
65,839
Outreach & activities
22,848
Chapel maintenance
15,097
Other support costs
5,355
109,139		 Restricted
funds
2021
£
-
11,274
-
-
11,274
Restricted
funds
2020
£
-
11,107
-
-
11,107		 Endowment
funds
2021
£
-
-
7,394
-
7,394
Endowment
funds
2020
£
-
-
7,391
-
7,391		 Total
funds
2021
£
61,037
26,862
25,191
6,504
119,594
Total
funds
2020
£
65,839
33,955
22,488
5,355
127,637

Page 12

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4. Analysis of expenditure on charitable activities (continued)

Summary by expenditure type

Ministry
Outreach & activities
Chapel maintenance
Other support costs
Ministry
Outreach & activities
Chapel maintenance
Other support costs		 Staff costs
2021
£
58,593
-
-
-
58,593
Staff costs
2020
£
59,397
-
-
-
59,397		 Depreciation
2021
£
-
-
10,290
-
10,290
Depreciation
2020
£
-
-
10,120
-
10,120		 Other costs
2021
£
2,444
26,862
14,900
6,505
50,711
Other costs
2020
£
6,442
33,955
12,368
5,355
58,120		 Total
funds
2021
£
61,037
26,862
25,190
6,505
119,594
Total
funds
2020
£
65,839
33,955
22,488
5,355
127,637

Page 13

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Analysis of grants

Grants for missionary work
Grants for alleviation of hardship
Grants in respect of specific donations
Grants for missionary work
Grants for alleviation of hardship
Grants in respect of specific donations		 Grants to
Institutions
2021
£
9,334
-
1,275
10,609
Grants to
Institutions
2020
£
10,550
-
3,841
14,391		 Grants to
Individuals
2021
£
2,850
7,820
1,679
12,349
Grants to
Individuals
2020
£
3,000
1,520
193
4,713		 Total
funds
2021
£
12,184
7,820
2,954
22,958
Total
funds
2020
£
13,550
1,520
4,034
19,104

All grants awarded are classified under the "Outreach & activities" activity.

The Charity has made the following material grants to institutions during the year:

Name of institution
UFM Worldwide
Kwbata Baptist Church
Evangelical Movement of Wales
Kiwoko Hospital, Uganda
African Pastors Conference
Grace Baptist Mission
Red Community
Other grants to institutions		 2021
£
5,790
1,000
500
1,200
900
1,000
-
219
10,609		 2020
£
9,493
1,000
500
1,500
-
-
821
1,077
14,391

Page 14

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
54,749
94
3,750
58,593		 2020
£
54,604
1,045
3,748
59,397

The average number of persons employed by the Charity during the year was as follows:

Pastor
Assistant Pastor
Ladies workers		 2021
No.
1
1
2
4		 2020
No.
1
1
2
4

No employee received remuneration amounting to more than £60,000 in either year.

7. Trustees' remuneration and expenses

During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity as permitted under the Constitution of the Charity. The value of Trustees' remuneration and other benefits was as follows:

2021 2020
£ £
Rev. Dr. A Christofides Remuneration 36,003 35,502
Pension contributions paid 3,750 3,600

In addition to the above remuneration, Mrs J Christofides (the Pastor's wife) received aggregate remuneration of £11,227 (2020: £11,219).

During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL).

Page 15

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Tangible fixed assets

Cost or valuation
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
9.
Debtors
Due within one year
Other debtors
Prepayments and accrued income
10.
Creditors: Amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 Freehold
property
£
369,570
-
369,570
124,804
7,394
132,198
237,372
244,766		 Fixtures and
fittings
£
48,367
1,300
49,667
35,425
2,896
38,321
11,346
12,942
2021
£
1,776
1,006
2,782
2021
£
2,038
342
690
3,070		 Total
£
417,937
1,300
419,237
160,229
10,290
170,519
248,718
257,708
2020
£
2,244
953
3,197
2020
£
3,101
-
7,787
10,888

Page 16

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Statement of funds

Statement of funds - current year

Balance at 1
April 2020
£
Unrestricted funds
Designated funds
Missionary fund
1,186
Replacement equipment fund
2,400
Fixed asset fund
12,943
CIO conversion fund
-
16,529
General funds
General fund
22,890
Total Unrestricted funds
39,419
Endowment funds
Property fund
244,765
Restricted funds
Communion fund
5,549
Sunday school fund
1,456
Building fund
17,608
24,613
Specific gifts
Specific gifts fund
2,816
Total Restricted funds
27,429
Total of funds
311,613		 Income
£
125
-
-
-
125
113,670
113,795
-
8,207
-
24,341
32,548
1,771
34,319
148,114		 Expenditure
£
(11,684)
-
(2,896)
-
(14,580)
(86,347)
(100,927)
(7,394)
(7,820)
(500)
-
(8,320)
(2,954)
(11,274)
(119,595)		 Transfers
in/out
£
11,345
-
1,300
6,000
18,645
(18,647)
(2)
-
219
-
-
219
(217)
2
-		 Balance at
31 March
2021
£
972
2,400
11,347
6,000
20,719
31,566
52,285
237,371
6,155
956
41,949
49,060
1,416
50,476
340,132

Page 17

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Missionary fund
Replacement equipment fund
Fixed asset fund
General funds
General fund
Total Unrestricted funds
Endowment funds
Property fund
Restricted funds
Communion fund
Sunday school fund
Building fund
Specific gifts
Specific gifts fund
Total Restricted funds
Total of funds		 Balance at
1 April 2019
£
3,050
2,400
8,121
13,571
22,796
36,367
252,157
2,802
1,249
51
4,102
5,116
9,218
297,742		 Income
£
9
-
-
9
117,313
117,322
-
4,908
207
17,558
22,673
1,513
24,186
141,508		 Expenditure
£
(13,550)
-
(2,729)
(16,279)
(98,413)
(114,692)
(7,392)
(1,520)
-
-
(1,520)
(4,033)
(5,553)
(127,637)		 Transfers
in/out
£
11,677
-
7,551
19,228
(18,806)
422
-
(642)
-
-
(642)
220
(422)
-		 Balance at
31 March
2020
£
1,186
2,400
12,943
16,529
22,890
39,419
244,765
5,548
1,456
17,609
24,613
2,816
27,429
311,613

Page 18

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Statement of funds (continued)

Designated funds

The designated funds have been set aside for the following purposes:

Endowment funds

The endowment fund arises from the original settlement of land and buildings under the Chapel Trust.

Restricted funds

The restricted funds are only to be used for the following purposes:

Page 19

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Summary of funds

Summary of funds - current year

Balance at 1
April 2020
£
Designated funds
16,529
General funds
22,890
Endowment funds
244,765
Restricted funds
24,613
Specific gifts
2,816
311,613		 Income
£
125
113,670
-
32,548
1,771
148,114		 Expenditure
£
(14,580)
(86,347)
(7,394)
(8,320)
(2,954)
(119,595)		 Transfers
in/out
£
18,645
(18,647)
-
219
(217)
-		 Balance at
31 March
2021
£
20,719
31,566
237,371
49,060
1,416
340,132

Summary of funds - prior year

Designated funds
General funds
Endowment funds
Restricted funds
Specific gifts		 Balance at
1 April 2019
£
13,571
22,796
252,157
4,102
5,116
297,742		 Income
£
9
117,313
-
22,673
1,513
141,508		 Expenditure
£
(16,279)
(98,413)
(7,392)
(1,520)
(4,033)
(127,637)		 Transfers
in/out
£
19,228
(18,806)
-
(642)
220
-		 Balance at
31 March
2020
£
16,529
22,890
244,765
24,613
2,816
311,613

Page 20

CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
11,347
44,008
(3,070)
52,285		 Restricted
funds
2021
£
-
49,060
-
49,060
year
Restricted
funds
2020
£
-
24,613
-
24,613		 Specific
gifts
2021
£
-
1,416
-
1,416
Specific gifts
2020
£
-
2,816
-
2,816		 Endowment
funds
2021
£
237,371
-
-
237,371
Endowment
funds
2020
£
244,765
-
-
244,765		 Total
funds
2021
£
248,718
94,484
(3,070)
340,132
Total
funds
2020
£
257,708
64,792
(10,888)
311,612
Analysis of net assets between funds - prior
Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2020
£
12,943
37,363
(10,888)
39,418

Page 21