**Charity number: 1145492** # **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2024** **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 2024** ## **Trustees** N Evans3 J Johnston (resigned 2 October 2024)2 J McDonald3 A Rees1,3 M Rees3 N Rowe2 A Smith (deceased 22 September 2024)3 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 2024** 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 2024. 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 2024** ## **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 15 to 25 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_ 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 that 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 2024 amounted to £104,970 (2023: £67,835). Page 3 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024** ## **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 2024, the Church comprised of 92 (2023: 97) 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 8APTIST CHURCH & CAERSALEM BAPTIST CHAPEL. ST MELLONS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustee8' responslb115tl08 Th8 Trustees a￿ responsible for preparing the Trustees, Report and the financial ststemenls in accordance with applicable law and Unlted Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice}. The law applicable to charities in England & Wales requires the Trustees to prepare financial st8tem8nts for each financial year which give a true and fair view of the state of affai￿ of the Charty and of its incoming resources and application of re80urcEs. including 118 income and expendlture, for that period, In preparing theso financial statements, the Tru8tee8 are required to. 8elect suitsble accounting policie8 and then apply them consistenlly; observe the methods and principles of the Charities SORP (FRS 102)" make judgements and accounting estimates that are reasonable and prudent; state wheiher applicable UK Accounting Standards IFRS 102) have been followe(1. 8ubject lo any m8teri81 departures disclosed and explained in the financial statements: prepare the financial statements on the going concem basis unl988 it is inappropriale to pre8urne that the Charity wlll continue in business. The Trustees are responsible for keeplng adequale accounting records that are sufficient to show and explain Ihe Charity'8 transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial 8taiements comply with the Charities Act 2011, the Char (Accounts and Reports) Regulations 2008 and th8 provisions of the Trust deed. They are also responsible for safeguarding the as8etB of the Charity and hence for taking reasonable steps for the prevention and detsction of fraud and other irregularities. Approved by order of Ihe members of the board of Truste￿ and gigned on their behalf by: D C Wllllam• Elder Date.. 26 January 2025 Page 5 CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENOED 31 MARCH 2024 Indèpendent Examlnerf8 Report to the Tru8tO08 of Caer8alem Baptist Church & Caersalom Bapt18t Chapol, St M•llon8 ('the Charity. I report to the charty Trustees on my examinalion of the accounts of the Charlty for Ihe year ended 31 March 2024. R88ponslbllltl•s and Basls of Report As tha Trustees of the Charity you are r88ponsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the 2011 ACY). I report in respect of my examlnation of the Ch8rity'8 accounts Carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Direction8 given by the Charity Commission under section 145(5)(b) of Ihe 2011 Act. Ind•pondent Examlnorf8 Stat•m•nt Your attention is drawn to the fact that the Charity has prepared the accounls in accordance with Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of I￿land (FRS 102) in preferenc8 to the Accounting and Reporting by Charities.. Slatement of Recommended Practice issued on 1 April 2005 which 18 referred to in the extant regulations but has been withdrawn. l understsnd that Ihi8 ha8 been done in order for Ihe accounts to provide a true and fair view in accordance with the Generally Accepted Accountlng Practice effective for reporting periods beginning on or after 1 January 2015. I have cornpleted my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charlty as required by section 130 of the 2011 Act., or the accounts do nol accord with th08e records; or the accounls do not compty with Ihe applicablo requir8menl8 concarning the form and content of account8 set out in the Charitiés (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered a8 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 lo enable a propor understanding of the accounts lo 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 80 that I might state to the Ch8rity's Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no Oihgr purpose. To the fullest extent pemiitted bylaw, 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: 26 January 2025 Alwyn Faithfull FCA 3 Telford Close, Rogerstone, Newport, NP10 ODL Page 6 ## **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** |**Note**
**Income and**
**endowments from:**
Donations and legacies
3
Investments
Other income
**Total income and**
**endowments**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net movement in**
**funds**
**Reconciliation of**
**funds:**
Total funds brought
forward
Net movement in funds
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2024**
**£**
**124,023**
**1,269**
**32**
**125,324**
**96,872**
**96,872**
**28,452**
**178,312**
**28,452**
**206,764**|**Restricted**
**funds**
**2024**
**£**
**9,102**
**-**
**-**
**9,102**
**11,248**
**11,248**
**(2,146)**
**11,178**
**(2,146)**
**9,032**|**Endowment**
**funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**7,655**
**7,655**
**(7,655)**
**235,501**
**(7,655)**
**227,846**|**Total**
**funds**
**2024**
**£**
**133,125**
**1,269**
**32**
**134,426**
**115,775**
**115,775**
**18,651**
**424,991**
**18,651**
**443,642**|Total
funds
2023
£
146,750
171
417| |---|---|---|---|---|---| ||||||147,338| ||||||111,530| ||||||111,530| ||||||35,808| ||||||389,183
35,808| ||||||424,991| 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 CHAPEL. ST MELLONS BALANCE SHEET AS A T 31 PIIARCH 2024 2024 2023 Nots Flxod assets Tangible assets Current a880ts 310,417 316.620 Debtors Cash at bank and in hand 3.735 132,199 3,791 109,042 136,934 112,833 Creditors.. amounts falling due within one year 10 12,710) (4.462) Not curront a•••ts 133.224 108,371 Total nat a8e•t8 443,641 424.991 Charlty fund$ Endowment funds Restricted funds Unrestri¢tsd funds.. 11 227,846 9,032 235,50 11,178 Designated funds Genef81 funds 11 11 101,793 104.970 110,477 67,835 Total unrestricted funds 206,763 178,312 Total funds 443,641 424,991 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. D C Wllllaml Elder Date: 26 January 2025 The notes on pages 9 to 19 forni part of these financial ststements. Page 8 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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 2024** ## **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 - Furniture & equipment 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. Page 10 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **2. Accounting policies (continued)** ## **2.10 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**
**2024**
**£**
Donations
104,556
Gift aid received
19,467
124,023
Unrestricted
funds
2023
£
Donations
93,175
Legacies
1,000
Grants
-
Gift aid received
17,683
111,858|**Restricted**
**funds**
**2024**
**£**
8,075
1,027
9,102
Restricted
funds
2023
£
25,790
-
7,314
1,788
34,892|**Total**
**funds**
**2024**
**£**
**112,631**
**20,494**| |---|---|---| |||**133,125**| |||Total
funds
2023
£
118,965
1,000
7,314
19,471| |||146,750| Page 11 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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**
**2024**
**£**
14,505
36,796
41,037
4,534
96,872
Unrestricted
funds
2023
£
12,883
17,268
40,634
5,007
75,792|**Restricted**
**funds**
**2024**
**£**
-
11,235
-
13
11,248
Restricted
funds
2023
£
-
23,334
4,749
-
28,083|**Endowment**
**funds**
**2024**
**£**
-
-
7,655
-
7,655
Endowment
funds
2023
£
-
-
7,655
-
7,655|**Total**
**2024**
**£**
**14,505**
**48,031**
**48,692**
**4,547**
**115,775**
Total
2023
£
12,883
40,602
53,038
5,007
111,530| |---|---|---|---|---| Page 12 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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**
**2024**
**£**
16,977
-
8,428
25,405
Grants to
Institutions
2023
£
21,214
-
3,892
25,106|**Grants to**
**Individuals**
**2024**
**£**
12,865
1,600
791
15,256
Grants to
Individuals
2023
£
2,895
2,154
3,458
8,507|**Total**
**funds**
**2024**
**£**
**29,842**
**1,600**
**9,219**| |---|---|---|---| ||||**40,661**| ||||Total
funds
2023
£
24,109
2,154
7,350| ||||33,613| 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
Romanian Ministries
Grace Bible Maui
Tearfund|**2024**
**£**
**12,872**
**-**
**560**
**275**
**2,560**
**2,584**
**2,650**
**1,193**
**2,711**
**25,405**|2023
£
16,331
1,050
525
-
2,525
2,675
2,000
-
-| |---|---|---| |||| |||25,106| Page 13 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **6. Staff costs** During the year, the Charity employed one person (2023: one). 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. 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 (2023 - £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL). ## **8. Tangible fixed assets** |**Cost or valuation**
At 1 April 2023
Additions
Disposals
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
On disposals
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023|**Freehold**
**property**
**£**
**382,746**
**-**
**-**
**382,746**
**147,244**
**7,655**
**-**
**154,899**
**227,847**
235,502|**Furniture &**
**equipment**
**£**
**119,781**
**10,969**
**(1,599)**
**129,151**
**38,663**
**9,517**
**(1,599)**
**46,581**
**82,570**
81,118|**Total**
**£**
**502,527**
**10,969**
**(1,599)**
**511,897**
**185,907**
**17,172**
**(1,599)**
**201,480**
**310,417**
316,620| |---|---|---|---| Page 14 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **9. Debtors** |**Due within one year**
Other debtors
Prepayments and accrued income|**2024**
**£**
**1,791**
**1,944**
**3,735**|2023
£
1,959
1,832| |---|---|---| |||| |||3,791| ## **10. Creditors: Amounts falling due within one year** |Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
**313**
**208**
**2,189**
**2,710**|2023
£
-
-
4,462| |---|---|---| |||| |||4,462| Page 15 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **11. Statement of funds** ## **Statement of funds - current year** |**Balance at 1**
**April 2023**
**£**
**Unrestricted funds**
**Designated funds**
Missionary fund
**1,025**
Future projects fund
**28,333**
Fixed asset fund
**81,119**
**110,477**
**General funds**
General fund
**67,835**
**Total Unrestricted funds**
**178,312**
**Endowment funds**
Property fund
**235,501**
**Restricted funds**
Communion fund
**7,823**
Sunday school fund
**278**
Building fund
**-**
Homeless outreach
**312**
Specific gifts
**2,765**
**11,178**
**Total of funds**
**424,991**|**Income**
**£**
**13,180**
**-**
**-**
**13,180**
**112,143**
**125,323**
**-**
**2,140**
**-**
**26**
**373**
**6,563**
**9,102**
**134,425**|**Expenditure**
**£**
**(24,079)**
**(15,321)**
**(9,517)**
**(48,917)**
**(47,955)**
**(96,872)**
**(7,655)**
**(1,600)**
**(63)**
**-**
**(353)**
**(9,232)**
**(11,248)**
**(115,775)**|**Transfers**
**in/out**
**£**
**11,084**
**5,000**
**10,969**
**27,053**
**(27,053)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Balance at**
**31 March**
**2024**
**£**
**1,210**
**18,012**
**82,571**| |---|---|---|---|---| |||||**101,793**| |||||**104,970**| |||||**206,763**| |||||**227,846**| |||||**8,363**
**215**
**26**
**332**
**96**| |||||**9,032**| |||||**443,641**| Page 16 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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
Specfic gifts
Missionary fund
**Total of funds**|Balance at
1 April 2022
£
459
61,925
31,834
94,218
14,819
109,037
233,310
7,919
956
37,512
449
-
-
46,836
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 17 **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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 Page 18 ## **CAERSALEM BAPTIST CHURCH & CAERSALEM BAPTIST CHAPEL, ST MELLONS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **12. Summary of funds** ## **Summary of funds - current year** |**Balance at 1**
**April 2023**
**£**
Designated funds
**110,477**
General funds
**67,835**
Endowment funds
**235,501**
Restricted funds
**11,178**
**424,991**
**Summary of funds - prior year**
Balance at
1 April 2022
£
Designated funds
94,218
General funds
14,819
Endowment funds
233,310
Restricted funds
46,836
389,183|**Income**
**£**
**13,180**
**112,143**
**-**
**9,102**
**134,425**
Income
£
-
112,366
-
34,972
147,338|**Expenditure**
**£**
**(48,917)**
**(47,955)**
**(7,655)**
**(11,248)**
**(115,775)**
Expenditure
£
(35,353)
(40,439)
(7,655)
(28,083)
(111,530)|**Transfers**
**in/out**
**£**
**27,053**
**(27,053)**
**-**
**-**
**-**
Transfers
in/out
£
51,612
(18,911)
9,846
(42,547)
-|**Balance at**
**31 March**
**2024**
**£**
**101,793**
**104,970**
**227,846**
**9,032**| |---|---|---|---|---| |||||**443,641**| |||||Balance at
31 March
2023
£
110,477
67,835
235,501
11,178| |**Summary of funds - prior year**||||| |Designated funds
General funds
Endowment funds
Restricted funds||||| |||||424,991| ## **13. Analysis of net assets between funds** ## **Analysis of net assets between funds - current period** |**Unrestricted**
**funds**
**2024**
**£**
Tangible fixed assets
82,571
Current assets
126,903
Creditors due within one year
(2,710)
**Total**
206,764|**Restricted**
**funds**
**2024**
**£**
-
9,032
-
9,032|**Endowment**
**funds**
**2024**
**£**
227,846
-
-
227,846|**Total**
**funds**
**2024**
**£**
**310,417**
**135,935**
**(2,710)**| |---|---|---|---| ||||**443,642**| Page 19