2024-12-31-accounts

Charity number: 1149940

LLISWERRY BAPTIST CHURCH

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

LLISWERRY BAPTIST CHURCH

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 - 19

LLISWERRY BAPTIST CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees	Rev C Tutte (Pastor)
	D Pearson (Treasurer)
	R Anderton
	P Anderton
	J Davies
	S Hall
	J Roberts
	R Meates (resigned 20 May 2025)
	C Morgan (resigned 20 May 2025)
	K Tully (resigned 20 May 2025)
	R Webb (resigned 20 May 2025)
	A Foy (appointed 20 May 2025)
	J Maggs (appointed 20 May 2025)
	R Reid (appointed 20 May 2025)
Charity registered number 1149940 Principal office Camperdown Road Newport Newport NP19 OJF Accountants MHA MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS Bankers National Westminster Bank High Street Newport NP20 1GG

Page 1

LLISWERRY BAPTIST CHURCH

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES

Charitable objects

The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.

Public benefit

The trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Significant activities that we undertook during this year that demonstrate public benefit are set out below.

Significant activities, achievements and performance

The primary activities of our Church are its Sunday worship services. Our morning service has continued to grow and we are seeing around 80 people on a Sunday morning. By the end of 2023 we had discontinued our evening service due to low numbers. We are also running a monthly Wednesday afternoon service, as this is a good time for older people in community to attend.

The Tuesday night prayer meeting continued to be well attended via Zoom during the pandemic and continues to be run at church and on Zoom as well.

Messy Church is a great success with up to 80 people attending on a monthly basis. The toddler group on Tuesdays & Thursdays and community coffee-drop on Wednesday mornings have continued to thrive and a number of local folk regularly attend this. The church also runs a monthly football session at a local leisure centre, weekly art craft classes and a warm hub on Mondays and Fridays.

The church has also been making use of technology with the creation of our Youtube channel with different videos of activities and messages involving many people connected to the church being created.

The church is continuing to work in the local primary school with assemblies.

Grantmaking

Details of grants are set out within the notes to the financial statements.

It is the church's policy to work extensively in schools and elsewhere in the community without making any charge.

FINANCIAL REVIEW

Investment policy and objectives

In principle the trustees do not intend to hold investments.

Any cash, surplus to immediate requirements, is held in a Barclays 10 day notice bank account.

Reserves policy

Unrestricted funds stand at £279,367 (2023 : £292,464) at 31 December 2024. After accounting for a number of specific funds, the general fund stands at a balance of (£12,916) (2023 : £15,147).

It is intended to keep a minimum general fund of about 1 month's expenditure in hand which would equate to a maximum of approximately £7,000. At the year end, the general fund showed a negative balance due to the investment in electronic equipment during the year. The trustees have reviewed this position and are satisfied that the expenditure was necessary to support the charity’s objectives. Plans are in place to rebuild reserves to the target level over the coming period.

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LLISWERRY BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees have set up a Ministries fund designated by the trustees to support Christian outreach work in the local Lliswerry area. The Ministries fund stood at £70,154 (2023 : £104,417) at 31 December 2024.

The capital fund equates to the net book value of the freehold property and fixtures and fittings, the balance stood at £167,850 (2023 : £172,900) at 31 December 2024.

The level of reserves will be reviewed annually and action considered by the trustees when the fund levels fall below an acceptable level.

FUTURE PLANS

Currently we are considering ways in which we can build on our existing work with refugees. In addition to this we are looking at further opportunities to work with secondary schools.

Also, the church is exploring the idea of employing a part time youth worker.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity's constitution is based on the Approved Governing Document of BUGB (Baptist Union of Great Britain).

Organisational structure

The Pastor and Deacons of the Church are its managing trustees. They meet on a monthly basis to set policy and review activities of church.

Induction and training new trustees

All newly appointed trustees take part in an induction session to brief them on all aspects of organisation's work and their responsibilities regarding governance.

New members are fully integrated into running organisation immediately on appointment.

Risk management

The trustees have examined major strategic business operational risks which the Church faces and confirm that systems have been established to monitor those risks so that the necessary steps can be taken to lessen them. The church operates Safeguarding policy for children and young people. Insurances are kept up to date, and the recommendations of insurers are followed.

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

................................................ D Pearson (Treasurer) D Pearson Legler: Date: Date: 90 Zo te i

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LLISWERRY BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Independent Examiner's Report to the Trustees of Lliswerry Baptist Church ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.

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

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.

Signed:

Dated: 30 October 2025

Rachel Doyle ACA DChA

MHA MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).

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LLISWERRY BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note Income from: Donations and legacies 4 Investments 5 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2024 £ 25,000 - 25,000 - - 25,000 3,492 25,000 28,492	Unrestricted funds 2024 £ 81,913 25,135 107,048 120,145 120,145 (13,097) 292,464 (13,097) 279,367	Total funds 2024 £ 106,913 25,135 132,048 120,145 120,145 11,903 295,956 11,903 307,859	Total funds 2023 £ 72,250 20,318 92,568 103,758 103,758 (11,190) 307,146 (11,190) 295,956

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

The notes on pages 7 to 19 form part of these financial statements.

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LLISWERRY BAPTIST CHURCH

BALANCE SHEET AS AT 31 DECEMBER 2024

			2024	2024		2023
	Note		£			£
Fixed assets
Tangible assets	11		222,129			172,900
			222,129			172,900
Current assets
Debtors	12	8,007			8,276
Cash at bank and in hand		78,688			116,521
		86,695			124,797
Current liabilities
Creditors: amounts falling due within one
year	13	(965)			(1,741)
Net current assets			85,730			123,056
Total assets less current liabilities			307,859			295,956
Total net assets			307,859			295,956
Charity funds
Restricted funds	14		28,492			3,492
Unrestricted funds	14		279,367			292,464
Total funds			307,859			295,956

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

................................................ D Pearson (Treasurer)

Date: Date:

The notes on pages 7 to 19 form part of these financial statements.

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

Lliswerry Baptist Church is a registered charity, registered in England and Wales. The governing document is its constitution, and it is an unincorporated association. The principal address is: Camperdown Road, Newport, NP19 0JF. The nature of the charity's operations and principal activities are disclosed within the Report of the Trustees.

The financial statements are presented in Sterling (£), which is the charity's functional currency, and are rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Lliswerry Baptist Church 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 Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern and therefore it is appropriate for the charity's financial statements to be prepared on a going concern basis.

2.3 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.

Donations and legacies income includes donations and gifts that provide core funding or are of a general nature and these are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods, or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

Income from Charitable Activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. This income is recognised as the related services are provided and there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Income is deferred when amounts are received in advance of the performance of the service or event to which they relate.

Investment Income is recognised on a receivable basis.

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure includes VAT which is reported as part of the expenditure to which it relates, as the charity is not VAT registered.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those costs that, whilst necessary to deliver an activity, do not themselves produce or constitute the output of the charitable activity. This includes governance costs which are those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to strategic management of charity.

Grants offered subject to conditions which have not been met at year end date are noted as a commitment but not accrued as expenditure.

2.5 Taxation

The charity is exempt from tax on its charitable activities.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

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 basis:

Freehold property - 2% & 10% on cost

2.7 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.

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

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.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Pension costs and other post-retirement benefits

Pension provision is made through a Defined Contribution Plan within the Baptist Pension Scheme. Members contribute 8% of their Pensionable Income, while employers contribute 6% into individual pension accounts operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. Additionally, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy that provides income protection for Scheme members in the event they are unable to work due to longterm incapacity.

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.

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.

Investment income, gains and losses are allocated to the appropriate fund.

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The preparation of the financial statements requires management to make estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, be likely to differ from the related actual results. No estimates or assumptions have been identified that have significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4. Income from donations and legacies

Regular offerings Income tax recoverable Mission and other giving	Restricted funds 2024 £ - - 25,000 25,000	Unrestricted funds 2024 £ 67,765 10,443 3,705 81,913	Total funds 2024 £ 67,765 10,443 28,705 106,913	Total funds 2023 £ 48,482 11,003 12,765
				72,250

5. Investment income

Unrestricted funds 2024 £ Rents received 23,648 Bank interest receivable 1,487 25,135	Total funds 2024 £ 23,648 1,487 25,135	Total funds 2023 £ 19,178 1,140
		20,318

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Analysis of expenditure by activities

Advancement of the Christian faith Analysis of direct costs Staff costs Depreciation Utilities Maintenance Books and training materials Xalt - Youth work costs Toddler group Other expenditure General office costs Discretionary gifts Ukraine Fund Building fund expenditure	Activities undertaken directly 2024 £ 105,318	Grant funding of activities 2024 £ 13,807	Support costs 2024 £ 1,020 Activities 2024 £ 39,759 5,050 12,042 4,082 961 - - 1,402 806 80 - 41,136 105,318	Total funds 2024 £ 120,145 Total funds 2024 £ 39,759 5,050 12,042 4,082 961 - - 1,402 806 80 - 41,136 105,318	Total funds 2023 £ 103,758
					Total funds 2023 £ 36,600 5,050 20,667 16,201 320 336 2,047 2,165 4,019 - 5,345 -
					92,750

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Grants paid

Baptist Missionary Society Baptist Union Mission One Mission - Castros Open Doors ICE Wales Out of Ashes Other Grants <£1,000 each	2024 £ 3,045 2,004 400 500 3,000 2,750 2,108 13,807	2023 £ 3,181 2,533 600 500 1,000 - 2,234
		10,048

8. Independent examiner's remuneration

	2024	2023
	£	£
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts	1,020	960

9. Staff costs

Wages and salaries Contribution to defined contribution pension schemes	2024 £ 36,212 3,547 39,759	2023 £ 33,606 2,994
		36,600

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

	2024	2023
	No.	No.
Employees	1	1

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

9. Staff costs (continued)

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

Pastor C Cost Tutte, the minister of the church, was appointed as a trustee in September 2018. Included within the remuneration above is gross salary of £28,600 (2023: £26,472), a Manse allowance of £7,612 (2023: £7,134) and pension contributions of £3,259 (2023: £2,994) earned in his capacity as minister and not as trustee. Payment is permitted by virtue of clause 23 of the constitution adopted January 2012.

10. Trustees' remuneration, expenses and donations

During the year, one Trustee had been paid remuneration or has received other benefits from an employment with the Charity. C Tutte was remunerated in his capacity as a minister of the church as detailed in the staff costs note.

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .

The total unconditional donations made to the charity by its trustees amounted to £20,910 (2023: £12,710).

There were no other related party transactions requiring disclosure for the year ended 31 December 2024 or for the year ended 31 December 2023.

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. Tangible fixed assets

Cost or valuation At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 12. Debtors Due within one year Tax recoverable 13. Creditors: Amounts falling due within one year Accruals and deferred income	Freehold property £ 252,500 - 252,500 79,600 5,050 84,650 167,850 172,900	Fixtures and fittings £ - 54,279 54,279 - - - 54,279 - 2024 £ 8,007 8,007 2024 £ 965	Fixtures and fittings £ - 54,279 54,279 - - - 54,279 - 2024 £ 8,007 8,007 2024 £ 965		Total £ 252,500 54,279 306,779 79,600 5,050 84,650 222,129 172,900 2023 £ 8,276
			8,007		8,276
			2024 £ 965		2023 £ 1,741

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. Statement of funds

Statement of funds - current year

Unrestricted funds General Fund Capital fund Ministries fund Building fund Restricted funds Xalt (children's work) Toddler group Mission work Ukraine fund Welsh Government Community Facilities Programme Total of funds	Balance at 1 January 2024 £ 15,147 172,900 104,417 - 292,464 347 2,227 780 138 - 3,492 295,956	Income £ 66,444 - 1,487 39,117 107,048 - - - - 25,000 25,000 132,048	Expenditure £ (68,209) (5,050) (5,750) (41,136) (120,145) - - - - - - (120,145)	Transfers in/out £ (26,298) - (30,000) 56,298 - - - - - - - -	Balance at 31 December 2024 £ (12,916) 167,850 70,154 54,279 279,367 347 2,227 780 138 25,000 28,492 307,859

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds General Fund Capital fund Ministries fund Building fund Restricted funds Xalt (children's work) Toddler group Mission work Ukraine fund Total of funds	Balance at 1 January 2023 £ 20,105 177,950 104,464 - 302,519 Balance at 1 January 2023 £ 683 2,861 780 303 4,627 307,146	Income £ 78,607 - 953 6,415 85,975 Income £ - 1,413 - 5,180 6,593 92,568	Expenditure £ (81,951) (5,050) (1,000) (8,029) (96,030) Expenditure £ (336) (2,047) - (5,345) (7,728) (103,758)	Transfers in/out £ (1,614) - - 1,614 - Transfers in/out £ - - - - - -	Balance at 31 December 2023 £ 15,147 172,900 104,417 -
					292,464
					Balance at 31 December 2023 £ 347 2,227 780 138
					3,492
					295,956

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. Statement of funds (continued)

Capital fund

The Capital fund represents the net book value of freehold property.

Ministries fund

This fund represents the balance of unrestricted bequests received by the Church, which have been designated by the trustees to support Christian outreach work in the local Lliswerry area.

Building fund

The Building fund represents funds set aside to cover the costs of future building works.

Xalt (Children's work)

Funding has been received specifically for the Xalt youth work.

Toddler group

Funding has been received specifically for the running of a toddler group.

Mission work

A donation of £780 was received in 2022 specifically for mission work which has not yet been utilised.

Ukraine fund

Fund appeal income for Ukraine support.

Welsh Government Community Facilities Programme

A grant was provided to improve the audio and visual equipment in the church. The charity purchased new equipment during year.

15. Summary of funds

Summary of funds - current year

General funds Restricted funds	Balance at 1 January 2024 £ 292,464 3,492 295,956	Income £ 107,048 25,000 132,048	Expenditure £ (120,145) - (120,145)	Transfers in/out £ - - -	Balance at 31 December 2024 £ 279,367 28,492
					307,859

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Summary of funds (continued)

Summary of funds - prior year

General funds Restricted funds	Balance at 1 January 2023 £ 302,519 4,627 307,146	Income £ 85,975 6,593 92,568	Expenditure £ (96,030) (7,728) (103,758)	Transfers in/out £ - - -	Balance at 31 December 2023 £ 292,464 3,492
					295,956

16. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2024 Unrestricted funds 2024 £ £ 25,000 197,129 3,492 83,203 - (965) 28,492 279,367	Total funds 2024 £ 222,129 86,695 (965) 307,859

Analysis of net assets between funds - prior period

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2023 £ - 3,492 - 3,492	Unrestricted funds 2023 £ 172,900 121,305 (1,741) 292,464	Total funds 2023 £ 172,900 124,797 (1,741) 295,956

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LLISWERRY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Pension commitments

The Church participates in the Defined Contribution Plan with the Baptist Pension Scheme. During the year ended 31 December 2024, the Church made contributions of £3,093 (2023: £2,945). There were no contributions outstanding at the year end (2023: £Nil).

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