Charity number: 1145492
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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 - 19 |
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 2023
Trustees
N Evans3 M Ford (resigned 12 September 2022)2 J Johnston2 J McDonald3 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 2023
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 2023.
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 also run a Sunday School, a carer & toddler group, a club for teenagers, meetings specifically for women and for men, and various other meetings.
In addition, the church buildings have been used for community activities such as an election polling station and for local primary school carol services.
Also during the year under review, a major refurbishment of the main chapel was undertaken including the removal of all downstairs pews to make the space more accessible for all. Other works included upgrading the heating, lighting and audio visual equipment used in the chapel.
Page 2
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
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. These meetings are held in the chapel but are also available on-line either through webcasting via YouTube for Sunday Services or through Zoom in the case of prayer meetings.
Sunday school & First steps
The Sunday School typically has around 20 to 30 children between the ages of 3 and 11 attending each week during term time with a mix of songs, bible stories and activities for the children.
First Steps, our carer & toddler group meet weekly on a Wednesday morning at the chapel and typically 16 to 24 family groups will come each week for a mixture of conversation, bible stories and associated activities.
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.
Ladies & men's meetings
The ladies meet weekly at the chapel on a Thursday morning and once a month on a Saturday for breakfast. The men meet in a variety of situations, including some breakfasts during the year and also other organised activities.
Care home
Following COVID, this activity resumed in the autumn of 2022 where a number of members will take a short service in a local care home on a Thursday once a month.
Missionaries
The church continues to support a number of missionaries both in the UK and serving overseas. In particular, one of our members is working 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 Charity seeks to build a level of free reserves (defined as the balance on the General Fund) to provide for unforeseen costs arising on the property and to allow an orderly wind down of activities in the event the Charity had to close. Following the recent refurbishment and other property matters than have been identified, the Trustees are currently reviewing the level of free reserves that need to be maintained.
The General Fund as at 31 March 2023 amounted to £67,835 (2022: £14,819).
Page 3
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
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 2023, the Church comprised of 97 (2022: 104) 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 2023 statement of Tnteel. rn8pon8lbllltl•• The Trustee5 are responsible for preparing the Trvstees. Report 8nd the finala1 statements in accordance with applicable law and United Kingdom Accounting Stsndards (United lfjngdom Generalty Acrwled A¢untr.n9 Pr8Ct¢ce). The law applicable lo chariliès in England & Wa$ requhres the TNstee$ to prepare financial statements for 88ch financsal year which gwe a true and fail vith¥ of the state of affairs of the Charity and of its incoming resources and application of resources, induding ts income and expendrture. for that perioj. In preparing th88e financial stslemenls, the Trustees are required to.. seled Suitsble accounting wIleS and then appty them )nsistenty. observe the melhcd8 and principles of the Charities SORP IFRS 102): make judgements and a¢¢ounts"ng estlmates that are reasonable and prudent state whether aPpIable UK Accounting Standards IFRS 1021 have bgen follrywed, subject to any material departures dis¢bsed and expLained in the financial 8t8ternenls", prepare the financial statements on th8 golng concem b3sis unless it18 inappropriate lo pre8umè Ihal the Charity will continue in bUneSs. The Trusle¢s ore re8ponble for keeping adequale aOUnting records that ore 8uffici8nt to show and explain thg Charity's transath'ons and disclose with reasonab accurw al any lime the financial p08ilion of the Charity and enabK8 them to ensure that the financ1 statements compty with the Charitie8 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisvJns of the Trust dfjed. They aro also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the preVentn and d8lection of fraud and other irr¢gulantw. Approvad by order of th8 members of the t)ard of Truste85 and signed on thelr b8haff by. D C Wllli•ms Eldgr Dale.. S May 2024 Page 5
CAERSALEM BAPTIST CHURCH & CAERSALEM BAwnsT CHAPEU ST MELLONS INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Independent Examlnerfs Roport to thg Trust of C•wHl•m Baptht Church & Caersalem Baptist cha1, St Mollon8 (Ih? Chaylty.) I report to the charity Trustees my examinat.on of the acuurrts of the Charlty for the y8ar énded 31 March 2023. RponsIbIlItI and Ba818 of R•port As the Trustees of the Charity you are r8sK)n$ible for the prepardtK)n of th8 accoLtnts in accordancè with the requirements of the char8$ Acl 20111.the 2011 Acr}. I report in rffipe¢t of my examination of the Charitys accounts carried out und8r ¥ectw)n 145 of the 2011 Act and in carrying out my examination I h8v8 folkywed the applicale Di)n$ given by the Charity Commi8sion under ctson 1451511bl of the 2011 Act Indgp•ndonl Examlnof8 Statoffl•nl Your attention 18 drawn to fact that th8 Charity has prep8red the a¢¢ounts in aceordance with Accounting and Reporting by Charrtw.. Ststement of Reccffimended Prts'ce applicab lo ch8riti88 preparing their accounts in accordance with the Financ1 Reporting Standard applicable in the UK and Republic of Irel8nd IFRS 1021 in preference lo the Accounts"ng and Reports'ng by Charit8. Statement of Reo)mm8nd•d Pr8cll¢e issued on 1 Apn'l 2005 whKh is referred to in the extant regulations but h88 bgen withdrawn. l understand that this has been done in order for the accounts to provKle a true and fair vthv in accordance with the Generally Actspt&J A¢o)unting Prac18 effective reporting poriods b¢ginning on or after 1 January 2015. I have ccynpleted my exemlnakn. I confimi that no m8tt8rn have o)me to my attention in connectSon wtth the examinatn giving me eause lo believe that in any material respect.. accounting records were ftot kept In respect of the Charity as required by section 130 of the 2011 Act., or the occounl$ do not accord with those records" or the aceounls do not compty wrth the applicable requirements concgming the fom) and content of attaountJ sot out in tha charl10 IAethun8 and Raportol Rogulatione 2008 other then eny requir#mgnt that the accounts gNe a Iru8 and fw'f whith is not a matter consideffjd a$ part of an independent examination. I have no concerns and have o)me auoss rK> Other matters in connection wrth the examination tr) which attention should be drawn in this rèport in order to enable a proper understanding of the accounts lo be reached. This report is made solety to the Charivs Trustees. as a body, in a¢¢ordance with Part 4 of the Charities IAco)unts and Reports) Regulations 2008. My work has been undert8ken so that I might slate to the Charity's Trustées Ih¢)se matters l am required to state to thèm in an IndeFendent Examinerf8 ReFort and for no other purpose. To the fullest extent Femiitted by law. l (kn nol accept or assume resF¥)nsibility to anyone other than the Charity and the Chanty's Tru5tee5 as a body. for my woth or for this feporL Signed: Daled 5 May 2024 Awn Faithfull FG4 3 Telford Close, Rc*3erstone, Newp)rL NP10 ODL Page 6
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 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 2023 £ 111,858 171 337 112,366 75,792 75,792 36,574 32,701 69,275 109,037 69,275 178,312 |
Restricted funds 2023 £ 34,892 - 80 34,972 28,083 28,083 6,889 (42,547) (35,658) 46,836 (35,658) 11,178 |
Endowment funds 2023 £ - - - - 7,655 7,655 (7,655) 9,846 2,191 233,310 2,191 235,501 |
Total funds 2023 £ 146,750 171 417 147,338 111,530 111,530 35,808 - 35,808 389,183 35,808 424,991 |
Total funds 2022 £ 150,201 12 315 |
|---|---|---|---|---|---|
| 150,528 | |||||
| 101,476 | |||||
| 101,476 | |||||
| 49,052 - |
|||||
| 49,052 | |||||
| 340,131 49,052 |
|||||
| 389,183 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 19 form part of these financial statements.
Page 7
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEU ST MELLONS BALANCE SHE AS AT 31 MARCH 2023 2023 2022 Flx•d a180ts Tangible assets Currnnt auets 316,620 265.144 Debtor8 Ca8h at bank and in hand 3.791 109,042 3,002 125,442 112,833 128.444 Creditors.. amount$ falling due within one year 10 (4.462) (4,405) Nol curr•nt ••••ts 108.371 124,039 Total not •uet• 424.991 389,183 Charlty lund• Endowment fund8 Restd¢t fund8 Unre8lricted funds.. 11 11 236.501 11,178 233,310 46,836 Designat•d fvnds General fund8 11 11 110.477 67.835 94,218 14,819 Total unre8th.¢t fvnds 11 178.312 109.037 ToL*l fund• 424,991 389,183 The financial stateThwts were approveo and aulhon8wJ for i88ue ty the TN8tee8 and Signed on their behalf by.. D C Wllllam8 Elder Date: 5 May 2024 The notes on pages 9 10 19 fom) 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 2023
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 2023
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:
- Freehold property 50 years - Fixtures and fittings 4 to 20 years
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 2023
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
| Unrestricted funds 2023 £ Donations 93,175 Legacies 1,000 Grants - Gift aid received 17,683 111,858 Unrestricted funds 2022 £ Donations 102,208 Legacies - Grants - Gift aid received 17,042 119,250 |
Restricted funds 2023 £ 25,790 - 7,314 1,788 34,892 Restricted funds 2022 £ 14,462 140 14,000 2,349 30,951 |
Total funds 2023 £ 118,965 1,000 7,314 19,471 |
|---|---|---|
| 146,750 | ||
| Total funds 2022 £ 116,670 140 14,000 19,391 |
||
| 150,201 |
Page 11
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4. Analysis of expenditure on charitable activities
Summary by fund type
| Ministry Outreach & activities Chapel maintenance Other support costs Ministry Outreach & activities Chapel maintenance Other support costs |
Unrestricted funds 2023 £ 12,883 17,268 40,634 5,007 75,792 Unrestricted funds 2022 £ 38,704 16,855 24,428 4,335 84,322 |
Restricted funds 2023 £ - 23,334 4,749 - 28,083 Restricted funds 2022 £ - 8,873 650 240 9,763 |
Endowment funds 2023 £ - - 7,655 - 7,655 Endowment funds 2022 £ - - 7,391 - 7,391 |
Total 2023 £ 12,883 40,602 53,038 5,007 111,530 Total 2022 £ 38,704 25,728 32,469 4,575 101,476 |
|---|---|---|---|---|
Page 12
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 2023 £ 21,214 - 3,892 25,106 Grants to Institutions 2022 £ 8,960 - 7,131 16,091 |
Grants to Individuals 2023 £ 2,895 2,154 3,458 8,507 Grants to Individuals 2022 £ 4,050 1,025 125 5,200 |
Total funds 2023 £ 24,109 2,154 7,350 |
|---|---|---|---|
| 33,613 | |||
| Total funds 2022 £ 13,010 1,025 7,256 |
|||
| 21,291 |
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 Grace Baptist Mission Cardiff Foodbank The Calcutta Emmanuel School Romanian Ministries |
2023 £ 16,331 1,050 525 - 2,525 2,675 - 2,000 25,106 |
2022 £ 6,798 1,000 500 4,302 500 1,000 1,416 575 |
|---|---|---|
| 16,091 |
Page 13
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
6. Staff costs
During the year, the Charity employed one person (2022: three).
As the disclosure of total wages and salaries would disclose the employee's salary arrangements, the disclosure requirement of the SORP has been overridden to safeguard the right to privacy of the employee. In the prior year, total salary costs were £32,889. The employee is not a Trustee of the Charity.
No employee received remuneration amounting to more than £60,000 in either year.
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £20,573).
During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).
8. Tangible fixed assets
| Cost or valuation At 1 April 2022 Additions Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for the year On disposals At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Freehold property £ 372,900 9,846 - 382,746 139,589 7,655 - 147,244 235,502 233,311 |
Fixtures and fittings £ 66,436 57,957 (4,612) 119,781 34,603 8,672 (4,612) 38,663 81,118 31,833 |
Total £ 439,336 67,803 (4,612) 502,527 174,192 16,327 (4,612) 185,907 316,620 265,144 |
|---|---|---|---|
Page 14
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
9. Debtors
| Due within one year Other debtors Prepayments and accrued income |
2023 £ 1,959 1,832 3,791 |
2022 £ 1,939 1,063 |
|---|---|---|
| 3,002 |
10. Creditors: Amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2023 £ - - 4,462 4,462 |
2022 £ 57 112 4,236 |
|---|---|---|
| 4,405 |
Page 15
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
11. Statement of funds
Statement of funds - current year
| Balance at 1 April 2022 £ Unrestricted funds Designated funds Missionary fund 459 Future projects fund 61,925 Fixed asset fund 31,834 94,218 General funds General fund 14,819 Total Unrestricted funds 109,037 Endowment funds Property fund 233,310 Restricted funds Communion fund 7,919 Sunday school fund 956 Building fund 37,512 Homeless outreach 449 Specific gifts - Missionary fund - 46,836 Total of funds 389,183 |
Income £ - - - - 112,366 112,366 - 2,058 - 9,784 214 9,438 13,478 34,972 147,338 |
Expenditure £ (10,630) (16,051) (8,672) (35,353) (40,439) (75,792) (7,655) (2,154) (678) (4,749) (351) (6,673) (13,478) (28,083) (111,530) |
Transfers in/out £ 11,196 (17,541) 57,957 51,612 (18,911) 32,701 9,846 - - (42,547) - - - (42,547) - |
Balance at 31 March 2023 £ 1,025 28,333 81,119 |
|---|---|---|---|---|
| 110,477 | ||||
| 67,835 | ||||
| 178,312 | ||||
| 235,501 | ||||
| 7,823 278 - 312 2,765 - |
||||
| 11,178 | ||||
| 424,991 |
Page 16
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
11. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds Missionary fund Future projects fund Fixed asset fund General funds General fund Total Unrestricted funds Endowment funds Property fund Restricted funds Communion fund Sunday school fund Building fund Homeless outreach Specific gifts Missionary fund Total of funds |
Balance at 1 April 2021 £ 972 8,400 11,347 20,719 31,566 52,285 237,371 6,156 956 41,948 - 1,416 - 50,476 340,132 |
Income £ 635 - - 635 118,942 119,577 - 2,788 - 21,281 1,041 5,841 - 30,951 150,528 |
Expenditure £ (13,010) - (4,854) (17,864) (66,458) (84,322) (7,391) (1,025) - (890) (592) (7,257) - (9,764) (101,477) |
Transfers in/out £ 11,862 53,525 25,341 90,728 (69,231) 21,497 3,330 - - (24,827) - - - (24,827) - |
Balance at 31 March 2022 £ 459 61,925 31,834 |
|---|---|---|---|---|---|
| 94,218 | |||||
| 14,819 | |||||
| 109,037 | |||||
| 233,310 | |||||
| 7,919 956 37,512 449 - - |
|||||
| 46,836 | |||||
| 389,183 |
Page 17
CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
11. Statement of funds (continued)
Designated funds
The designated funds have been set aside for the following purposes:
-
Missionary fund - To contribute towards the costs of missionaries and associated missionary organisations and other similar activities
-
Future project fund - To set aside monies for future projects that will need to be undertaken, including the upkeep of the chapel and core equipment
-
Fixed asset fund - For monies defrayed on equipment and other fixed assets in use
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:
-
Communion fund - For alleviating hardship amongst the members of the church and its congregation
-
Sunday School fund - For the support of missionaries
-
Building fund - To undertake specific building enhancements and maintenance
-
Homeless outreach fund - For work in relation to the homeless in Cardiff
-
Specific gifts fund - Specific offerings and donations taken and made by the church to individuals and organisations.
-
Missionary fund - Monies specifically given for the support of missionaries
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CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
12. Summary of funds
Summary of funds - current year
| Balance at 1 April 2022 £ Designated funds 94,218 General funds 14,819 Endowment funds 233,310 Restricted funds 46,836 389,183 Summary of funds - prior year Balance at 1 April 2021 £ Designated funds 20,719 General funds 31,566 Endowment funds 237,371 Restricted funds 50,476 340,132 |
Income £ - 112,366 - 34,972 147,338 Income £ 635 118,942 - 30,951 150,528 |
Expenditure £ (35,353) (40,439) (7,655) (28,083) (111,530) Expenditure £ (17,864) (66,458) (7,391) (9,764) (101,477) |
Transfers in/out £ 51,612 (18,911) 9,846 (42,547) - Transfers in/out £ 90,728 (69,231) 3,330 (24,827) - |
Balance at 31 March 2023 £ 110,477 67,835 235,501 11,178 |
|---|---|---|---|---|
| 424,991 | ||||
| Balance at 31 March 2022 £ 94,218 14,819 233,310 46,836 |
||||
| Summary of funds - prior year | ||||
| Designated funds General funds Endowment funds Restricted funds |
||||
| 389,183 |
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2023 £ Tangible fixed assets 81,119 Current assets 101,655 Creditors due within one year (4,462) Total 178,312 |
Restricted funds 2023 £ - 11,178 - 11,178 |
Endowment funds 2023 £ 235,501 - - 235,501 |
Total funds 2023 £ 316,620 112,833 (4,462) |
|---|---|---|---|
| 424,991 |
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