CHARITY REGISTRATION NUMBER: 1179249 Ely Presbyterian Church (Reformed) Unaudited Financial Statements 31 March 2025 RD WN MPANY LIMITED Accountants and Business Advisors 144 Walter Road Swansea SA1 5RW
Ely Presbyterian Church (Reformed) Financial Slatemenls Year ended 31 March 2025 Page Trustees, annual report Independent examiner's report to the trustees 10 Statement of financial activities Statement of financial position 12 Notes to the financial statements 13
Ely Presbyterian Church (Reformed) Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements ol the charity for the year ended 31 March 2025. Reference and administrative details Reglstered ¢harlty name Ely Presbyterian Church (Relormedl Charlty reglstratlon number 1179249 Prlnclpal offlce 4-6 Archer Road Cardill CF5 4FR The trustees Rev Philip Haines (Elderl Mr Alun Swain IElderl Mr Adrian Williams IElderl Mr Gareth Williams (Deaconl Mr Justin Williams (Deacon) Independent examiner Philip Harris FCA 144 Waller Road Swansea SA1 5RW
Ely Presbyterian Church (Reformed) Trustees. Annual Report (¢ontinuedJ Year ended 31 March 2025 Structurey governance and rnanag8ment Goveming docurnent Ely Presbyterian Church (Relormedl is consliluled under a Charitable Incorporated Organisalion ICIOI foundation registered on 18th July 2018 and a constitution dated 20th March 2018. The registered charity number is 1179249. Organi$ational Stru¢tu The Trustees who have served during the year and since the year-end are sel out on page 1 together with other legal and administrative information. The church is ruled by ils ordained elders. The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland. The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements lor each financial year which give a true and lair view of the stale ol allairs ol the charity and ol the income and expenditure ol the charity lor that period. In preparing these financial stalemenls, the Trustees are required lo.. select suitable accounting policies and then apply them consislenily., make judgments and accounting eslimales that are reasonable and prudent,. stale whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slatemenls., and prepare the financial statements on the going concem basis unless il is inappropriate lo presume that the charity will continue in business. The Trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial slalements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions ol the trust deedlconslitulion. They are also responsible lor safeguarding the assets ol the charity and hence for taking reasonable steps lor the prevention and detection ol fraud and other irregularities. Appointment and induction of new Trustees The Trustees are elected by the Elders, session. The Trustees are responsible lor the induction of any new Trustee. This involves making them aware of a Trustee's restx)nsibilities and of the nature of the governing document and administrative procedures. A new Truslee would receive a copy ol the charity's Trust Deed together wilh a copy ol the charity's lalesl Annual Report and Accounts. Key management remuneration The board ol Trustees and the Elders. session are considered lo be the key management personnel ol the charity. Details ol Trustee remuneration or other benefits are disclosed al note 13. Details ol Trustee expenses and related party transactions are disclosed in notes 13 and 20 respectively. Risk management The Trustees have conducted a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risk the charity faces. These procedures are periodically reviewed lo ensure they continue to meet the needs of the charity-
Ely Presbyterian Church (Reformed) Trustees. Annual Report (¢ontinuedJ Year ended 31 March 2025 Objectives and activities Objectives and aims Ely PresbyLerian Church IReformedl was planted in 1927 as a mission church by the Forward Movement ol the Presbyterian Church of Waleslcalvinislic Melhodisl Church ol Wales. In 1968 we became an independent Presbwerian church. Since November 2021, we have been members ol the Evangelical Presbyterian Church ol England and Wales. Our leslimony is that God has been good lo us over all these years. The object ol Ely Presbyterian Church (Relormedl hereinaller called 'lhe Church. is lo advance the Christian Religion and Christian education in accordance with the doctrinal standards ol the church, namely the propagation and practice ol the Christian Faith as described in the historic Reformed confessions such as the Weslminsler Confession ol Faith. In planning activities the Trustees have had due regard lo the guidance issued by the Charity Commission relating lo public benefit, and, in particular, the specific guidance on charities lor the advancement ol religion.. Alms and Powers In furtherance ol the above object the church shall= lal Proclaim the good news of salvation through our Lord and Saviour Jesus Christ. The message ol the Bible is as relevant today as it has been in years gone by, and so we aim lo leach its lile-giving truth in all ils parts., Ibl Establish and build up itself as a Christian church in functioning as custodian, disciple of and witness lo the truth ol Holy Scripture., Icl Declare the whole counsel of God as revealed in holy Scripture and summarised in the Subordinale Standards ol the Church., Idl Enable as many people as possible lo worship and serve the living God, and lo be inslru¢led in the Christian faith. lel Seek to outwork, in practical ways, the Bible leaching that as Christians we should be charitable. freely showing the compassion ol Jesus Christ., If) Establish and maintain, according to the providence ol God, such institutions and structures as will provide for= Christian education., theological training,. care of the old and infirm,. good works to be done to all men and especially those ol the household ol lailh., Igl Seek visible union with other churches, having the same. or closely compatible, confessional basis and form ol government: Ihl Seek association, i.e., fraternal or sisler-church relations, with other Reformed or Presbyterian churches subscribing lo the Weslminsler Confession ol Faith or the Three Forms ol Unity li.e. the Belgic Confession, the Heidelberg Catechism and the Canons ol Dort) or a compatible Reformed confession., lil Co-operate wherever wssible, on a Biblical basis appropriate lo each category, with other Christian churches and organisalions., Ill Undertake the task ol church extension and foundation as the persuasion ol Scripture, providence and the Holy Spirit direct and constrain.,
Ely Presbyterian Church (Reformed) Trustees. Annual Report (¢ontinuedJ Year ended 31 March 2025 Ikl Erect or acquire, maintain and, il necessary. dispose ol such land and buildings as are necessary lo accomplish the object. and for no other purposes than those consistent with charitable status,. 111 Engage one or more persons in paid employment. Volunteers In addition lo employing staff, in order lo conduct the lull range ol ils activities, the church relies extensively on volunteer support. 11 is not possible lo place a monetary value on the contributions made by volunteers nor are figures available that show how many hours ol service they provide.
Ely Presbyterian Church (Reformed) Trustees. Annual Report (¢ontinuedJ Year ended 31 March 2025 Achievements and p8rlormance Achievements and perlormance When considering our activities lor the year the Church has considered the Commission's guidance on public benefit and in particular the specific guidance on charities lor the advancement ol religion. Ely Presbyierian Church (Relormedl promotes the Christian Religion primarily bul not exclusively within the districts ol Ely and Caerau in the City and Cardiff. We seek lo enable ordinary people lo live out their lailh as part ol our community Ihrough:_ Worship and prayer, learning and understanding the whole counsel ol God as found in the Bible and developing their relationship with and trust in the Lord Jesus Christ - Provision ol pastoral care for people within our community and Missionary and outreach work. During the year, we have supported a number of worthy causes las detailed in the notes of the accounts), as part ol our commitment we support a range of Christian charitable organisalions. In brief, we have supported the following charities.. The Afrlcan Blble Unlverslty This charity trains African students in Biblical studies and related disciplines. We have continued lo sponsor Senga Simplice, and will continue to do so for the four years ol his training. We received a visit from representatives ol ABU on 1 Oth July 2024, and other local churches joined us for the presentation, for a lime ol fellowship and lor an opportunity for charitable giving. The Leprosy Mission - TLM TLM is an international Christian charity serving a global population of approximately 305 million people in 30 leprosy-aflecled countries. In addition to support provided by the Church, the children ol our Church School continue to help to support this charity so as lo instil in them a team spirit ol compassion and a desire to show Christian kindness lo those who are in need. We received a visit from representatives of ABU on 30th October 2024. Cardiff Foodbank- CFB Ely has been identified as containing a large number of underprivileged people and within its resources the church seeks to reach out to help families or individuals in their difficulties. CFB provides emergency food to local people who are referred to them in crisis. This charity forms a part of a nationwide network ol loodbanks supported by the Trussell Trust, working lo combat poverty and hunger across the UK. The Christian Institute - Cl The Cl is commilled to the furtherance and promotion ol the Christian religion in the United Kingdom and elsewhere. It's a non-denominational Christian charity committed lo upholding the truths ol the Bible. We have supported the work ol the Christian Institute lor many years now as il seeks lo promote the Christian faith in the UK. It is commilled to upholding the truth ol the Bible which il believes is inerrant and the supreme authority for all life. In recent years, its work has been in the news as il has actively campaigned for many issues which seek lo undermine Christian liberty and freedom ol speech. On 22nd May 2024 a TLM representative paid a visit lo us jointly with another church, and provided an updated presentation on the work completed by this charity
Ely Presbyterian Church (Reformed) Trustees. Annual Report (¢ontinuedJ Year ended 31 March 2025 Operation Christmas Child The mission of Operation Christmas Child is to show God's love in a tangible way lo children in need around the world and, together with the local church worldwide, lo share the Good News of Jesus Christ. Since 1990, more than 200 million children in over 160 countries have experienced God's love through the power ol simple shoebox gifts from Operation Christmas Child. In 2024 we donated shoeboxes for deprived children through the "pack a shoebox online scheme.. Care Sri Lanka We have also continued to support Care Sri Lanka. Care Sri Lanka ICSLI was established as a charitable trust in November 2010 with the following charitable purposes.. 1. To advance education, 2. To relieve sickness and financial hardship. 3. To promote and preserve good health. Herble's Hut Since January 2023 we have supported a local charity called "Herbie's Hul" which is situated in Cardill West, on the sile of Herbert Thompson Primary School. Herbie's Hul is a pay as you can shop that opened ils doors in November 2021, and provides a range of quality fresh, frozen and tinned food, and hygiene and cleaning items to support the local community- Herbie's Hut also runs a weekly food club, working closely with other charities, including Fare Share and Family Action. West African Reformed Mission The Wesl African Reformed Mission IWARMI is a strategic ministry partnership of U.S. and West African Fleformed Presbyterian Churches, suptx)rted by Mission lo the World IMTWI, the missionary agency of the Presbyterian Church in America. WARM'S mission is lo plant healthy churches and denominations lor the advancement of the gospel of Jesus Christ throughout Wesl Africa. We were given an in-person presentation by a representative of W ARM on 11 th September 2024. Development of Christian Life The period 1 sl April 2023 to 31 sl March 2024 has seen progress in the life ol the church. At the core ol the church's commitment is a determination to deelare the whole counsel of God as revealed in Holy Scripture, so as to enable as many people as possible lo worship at our chLJrch and lo become part ol the Chri8112n Community gathered al Ely Presbyterian ChLJrch. During the course of the year, regular meetings ol worship and leaching have been maintained on Sundays. as well as regular Bible studies and public prayer meetings throughout the year on Wednesday evenings. Numerous pastoral visits and phone calls have taken place. Our services are publicised on a noticeboard outside the church building and online. and all are made welcome lo attend and to join us lor worship and fellowship. The church has continued ils emphasis on outreach into the community. Throughout the year we have run regular outreach events, including free BBQ'S, community meals, mince pies, children's activities elc. In December 2024 we went door-to-door in the local streets, meeting and greeting residents, and distributing leaflets in order to raise awareness of our church, our Youth Group, Sunday School, and also lo welcome visitors lo our annual Carol Servi. We are increasingly becoming known as a vibrant community hub,. we have been blessed by an
Ely Presbyterian Church (Reformed) Trustees. Annual Report (¢ontinuedJ Year ended 31 March 2025 unprecedented number ol local residents joining us on-site. and lasting relationships have been formed. A local Allotment Association was able lo use our venue lo hold their Annual General Meeting. We have continued to run a Friday evening Youth Group consisting ol a Bible presentation, games and a free luck-shop. The Youth Group has been successful, allracling youths from within the community of lailh as well as from the surrounding estate. Both the Youth Group and the Sunday School continue lo attract children from churches and also children from the local community. A men's book club meets twice a month and is attended by men from our church, and from other contexts. There is also a ladies book club which meets twice monthly and is allended by women from various churches. The study of particular books lo help in understanding how lo live as Christian men and women in today's society continues to be a central feature ol these meetings. There is also a men's meeting organised in collaboration with other churches,. this meeting lacilitales closer fellowship through social inleraclion in an informal and relaxed atmosphere, with occasional addresses from the Bible. The intention is also to invite friends and neighbours to share in these occasions. The Eldership ol our church have been attending regular Presbytery meetings al different locations across the UK, and, as a body of churches, we have been sending many of our children to an annual summer camp. During the year, a programme ol pastoral visilalion and counselling was undertaken particularly by the minister, assisted by the elders ol the Church, lo help and encourage the Church Community- One ol our elders has continued prison visitation during the year, meeling prisoners and holding services in the Prison Chapel. Land Acquisition On the 4th Match 2025. the following transactions were successfully completed.. The Asset Transfer Agreement from the unincorporated charity lo the CIO., The Deed ol Assignment ol the lease from the unincorFX)rated charity to the CIO: The purchase ol the freehold interest in the church land., and The purchase ol the land adjoining the church. The purchase ol land adjoining the chLJrch property presents exciting opportunities lor the church's work as a community hub going forward. Church School It was with sadness that we took the decision lo close Our Church School in July 2024., the decision was taken based on the lact that depleted staff resources meant that il was not viable lo continue with this work. We thank God lor sustaining the Church School for almost hall a century. The availability ol the Church building lo the church represents a significant resource lor the diversification ol church activities and witness in the community.
Ely Presbyterian Church (Reformed) Trustees. Annual Report (¢ontinuedJ Year ended 31 March 2025 Financial review Going concern The main risks to which the Charity is exposed, as identified by the Trustees, in the areas ol operations, safeguarding, and regulatory compliance are regularly reviewed. Procedures are in place lo mitigate those risks which are considered appropriate and ellective. Ely Presbyterian Church receives funds entirely from Ireewill ollerings, mainly by people associated with the church. An offering is taken up in the weekly services, and many other donations are given separately, mainly by bank Iransler. Encouragement is given to use the gill aid scheme. An announcement regarding giving is made every month. An additional periodic voluntary Ireewill offering opportunity is a long-held tradition. There are no public appeals lor funds. No professional fundraisers are employed. All funds collected lor other charities are passed on lo the charities and people described, and none ol this money is used to defray any expenses ol the church. The Church held its 2024125 business meeting in June 2025, when the budget proposed for the year was presented. Having considered budget and cash flow projections for the next twelve months, the Trustees are confident that the Church will continue lo meet ils liabilities as they fall due lor the foreseeable future and Consider that there are no material uncertainties in relation lo the Trust's ability to continue as a going concern. It is therefore considered appropriate by the trustees to prepare the financial statements on a going concern basis. The accounts comply with the current slalutory requirements and the charity's governing documents. Total incoming resources for Ihe year of £144,201 12024 - £154,101) consist ol donations received ol £117,588 12024 £127,311) associated lax refunds of £24,662 12024 £22,764) and other incomelinlerest of £1,951 12024 - £4,026). A significant proportion of the total expenditure of £171,15012024 - £190,838) relates to salaries and school costs. Expenditure exceeded incoming resources by £26,94912024 - £36,737). There are no revalLJalion surpluses or delicils in the year12024 - £nill. Reserves policy The Elders have examined the level of reserves held at the year-end with a view lo providing resilience to any potential risks which could face the charity. A policy has been established to maintain free reseNes equivalent lo 6 months operating costs. This is estimated lo be approximately £82,500. The free reseNes of a charity represent the funds that are freely available to spend. In calculating the free reseNes the Elders have deducted from the lolal ol unrestricted funds any funds designated al the year end and the net book value ol any tangible fixed assets as detailed in the accounts. This leaves a surplus of free reserves at 31 sl March 2025 01 £155,253 which exceeds the target set by the Elders by £72,753. The policy is reviewed by the Trustees on an ongoing basis. The budget proposed lor the year has been made possible by the generosity of giving in the Church.
Ely Presbyterian Church (Reformed) Trustees. Annual Report (¢ontinuedJ Year ended 31 March 2025 The trustees, annual report was approved on 12 January 2026 and signed on behalf ol the board ol Iruslees by.. Mr Adrian Williams IElderl Trustee
Ely Presbyterian Church (Reformed) Independent Examiner's Report lo the Trustees of Ely Presbyterian Church (Reformed) Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Ely Presby1erian Church IReformedl I'lhe charilll lor the year ended 31 March 2025. Responsibilities and basis of report As the Iruslees ol the charity you are responsible for the preparation of the financial slalemenls in accordance with the requirements ol the Charities Act 2011 I'the Act'l. I report in respect of my examination ol the charity's financial slalemenls carried out under section 145 ol the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my allenlion in connection with the examination giving me cause lo believe that in any material respect= accounting records were not kept in respect ol the charity as required by section 130 01 the Act., or the financial statements do not accord with those re¢ords', or the financial statements do not comply with the applicable requirements concerning the form and eonlènt ol accounts set out in the Charities IAccounls and Reportgl Règulations 2008 other than any requirèment that the accounts give a 'true and lair, view which is not a matter considered as part ol an independent examination. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding ol the accounts lo be reached. Philip Harris FCA Independent Examiner 144 Waller Road Swansea SA1 5RW 10
Ely Presbyterian Church (Reformed) Stalement of Financial Aclivilies Year ended 31 March 2025 2025 Restricted funds Total tunds Total funds 2024 Unreslricled funds Note Income and endowments Donations and legacies Investment income Other income 139,257 1,923 2,993 28 142,250 1,951 150,075 1,791 2,235 Total income 141,180 3,021 144,201 154,101 Expenditure Expenditure on charitable activities Total expenditure 167,848 3,303 171,150 190,838 167,848 3,303 171,150 190,838 Net expendituTr and net movement in lund$ 126,6681 12821 126,9491 136,7371 Reconclliation of funds Total funds brought forward Total funds carrled forward 1,301,909 2,622 1,304,531 1,341,268 1,275,241 2,340 1,277,581 1,304,530 The statement ol financial activities in¢ludes all gains and losses recognised in Ihe year. All income and expenditure derive from continuing a¢livilies. Tho notès on pagès 13 to 21 form part of th&s8 flnanclal stat•monts. 11
Ely Presbyterian Church (Reformed) Stalement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 14 1,059,988 1,073,466 CUrn1 assets Debtors Cash al bank and in hand 15 23,748 197,192 49,346 183,184 220,940 232,530 Creditors: amounts falling due within one year Net current assets 16 3,346 1,465 217,594 231,065 Total assets less current liabilities 1.277,582 1,304,531 Net assets 1.277,582 1,304,531 Funds of the ¢harlty Restricted funds Unreslricled funds 2,340 1,275,241 2,621 1,301,909 Total ¢harlty funds 18 1,277,581 1,304,530 These financial statements were approved by the board ol trustees and authorised lor issue on 12 January 2026, and are signed on behalf ol the board by.. Mr Adrian Williams IElderl Trustee Tho notès on pagès 13 to 21 form part of th&s8 flnanclal stat•monts. 12
Ely Presbyterian Church (Reformed) Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit enlily and a registered charity in England and Wales and is unincorporated. The address of the principal ollice is Archer Road, Ely, Cardiff. CF5 4FR, Wales. Statement of compliance These financial slalemenls have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFFIS 10211 and the Charities Act 2011. Accountlng pollcles Basls of preparatlon The financial statements have been prepared on the historical Cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at lair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The Trustees have considered the consequences of events and conditions relating to the Church. and they have determined that they do not create a material uncertainly that casts significant doubl upon the enlily's ability lo continue as a going concern. Judgements and key sources of estimation uncertainty The preparation ol the financial statements requires management to make judgements. eslimales and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other factors, including expectations ol future events that are believed to be reasonable Ljnder the circumstances. Significant judgements There are currently no key judgements that management has made in the process ol applying the enlills accounting policies that have a significant ellecl on the amounts recognised in the financial stalemenls. Key sources ol estimation uncertainly - There are currently no key assumptions or other sources of eslimalion uncertainty that have a significant risk ol causing a material adjustment lo the carrying amounts ol assets and liabilities within the next financial year. 13
Ely Presbyterian Church (Reformed) Notes to the Financial Statements (etsntinued) Year ended 31 March 2025 Accounting policies {COnllnued) Fund accounting Unreslricled funds are available lor use at the discretion ol the trustees lo further any of the charity's purposes. Designated funds are unreslricled funds earmarked by the Iruslees lor particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Incomlng resources All incoming resources are included in the statement ol financial activities when entitlement has passed lo the charity- it is probable that the economic benefits associated with the transaction will flow lo the charity and the amounl Can be reliably measured. The following specific policies are applied lo particular categories ol income= income from donations or grants is recognised when there is evidence of enlitlemenl to the gift, reeeipl is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured al the lair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received il the value can be reliably measured. No amounts are included for the contribution ol general volunteers. income from contracts for the supply ol services is recognised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a contractual requirement lor it lo be spent on a particular purpose and returned il unspent, in which case il may be regarded as reslricled. 14
Ely Presbyterian Church (Reformed) Notes to the Financial Statements (etsntinued) Year ended 31 March 2025 Accounting policies {COnllnued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the slalemenl of financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundraising aclivilies, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the Charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds lor the charity nor part of ils expenditure on charitable aclivilies. All costs are allocated lo expenditure categories reflecting the Ljse ol the resource. Direct costs allributable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangibl8 ass8ts Tangible assets are initially recorded al cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale ol revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result ol a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge lor impairment that has previously been recognised as expenditure within the slalemenl ol financial aclivilies. A decrease in the carrying amount ol an asset as a result ol revaluation, is recognised in other recognised gains and losses, except lo which il ollsels any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the slalemenl of financial activities. Depre¢latlon Depreciation is calculated so as lo write oll the cost or valuation ol an asset, less ils residual value, over the useful economic life ol that asset as follows.. Freehold property Fixtures and fittings 2 /0 slraighl line 20 /0 Straight line Impairment of fixed assets A review lor indicators of impairment is carried out al each reporting dale. with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor tx)ssible reversal at each reporting date. 15
Ely Presbyterian Church (Reformed) Notes to the Financial Statements (etsntinued) Year ended 31 March 2025 Accounting policies {COnllnued) Impairment of fixed assets (¢ontlnued) For the purposes of impairment testing, when il is not possible lo estimate the recoverable amount ol an individual asset, an estimate is made ol the recoverable amount ol the cash- generating unil lo which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment lesling ol goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated lo each ol the cash-generaling units that are expected lo benefit from the synergies ol the combination, irrespective ol whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments The Church only has financial assets and financial liabilities ol a kind Ihal qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception ol bank loans which would be subsequently measured at the carrying value plus accrued interest less repayments. Defined contribution plans Gontribulions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be sellled wholly wthin 12 months ol Ihe end of the reporting dale in which the employèes render the related sèrvice, the liability is measured on a discounted present value basis. The unwinding of the dis¢ount is re¢ognised as an expense in the period in which il arises. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations Ollerings Gill Aid School donations 108,974 55 24,662 2,993 111,967 55 24,662 Gifts Gills 5,566 5,566 139,257 2,993 142,250 16
Ely Presbyterian Church (Reformed) Notes to the Financial Statements (etsntinued) Year ended 31 March 2025 Donations and legacies (¢onUnued) Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations Offerings Gill Aid School donations 110,835 1,315 22,764 4,830 3,526 114,361 1,315 22,764 4,830 Gifts Gills 6,805 6,805 146,549 3,526 150,075 Investment Income Unrestricted Funds Restricted Total Funds Funds 2025 Bank interest receivable 1,923 28 1,951 Unrestricted Funds Restricted Total Funds Funds 2024 Bank interest receivable 1,768 23 1,791 Other income Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Solar panel income 2,235 2,235 Expendlture on charltable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Direct costs Support costs 108,121 59,727 167,848 3,303 111,423 59,727 171,150 3,303 Unrestricted Funds Restricted Total Funds Funds 2024 Direct costs Support costs 121,710 66,133 2,996 124,705 66,133 187,843 2,996 190,838 17
Ely Presbyterian Church (Reformed) Notes to the Financial Statements (etsntinued) Year ended 31 March 2025 Expenditure on charitable activities by activity type Activities undertaken Grant funding directly ol activities Support costs Totsl funds 2025 Total fund 2024 Direct costs 98,340 13,083 59,727 171,150 190,838 Analysls of grants 2025 2024 Grants to institutions Cardill Foodbank Care Sri Lanka Christian Institute ABU Herbie's Hut Other Leprosy Mission WAFiM All Saints Youth Camp Oxford Evangelical Church 251 960 250 6,535 352 2,151 959 250 1,769 2,938 1,717 4,700 500 250 13,083 10,499 Total grants 13,083 10,499 10. Net expenditure Nel expenditure is stated aller ehargingllcreditingl= 2025 2024 Depreciation ol tangible fixed assets 16,278 21,962 11. Independent examination lees 2025 2024 Fees payable lo the independent examiner for.. Independent examination ol the financial statements 1,470 1,465 12. Staff costs The total stall costs and employee benefits for the reporting period are analysed as follows= 2025 2024 Wages and salariès Employer conlribLJtions lo pension plans 64,337 5,069 69,406 79,973 5,033 85,006 18
Ely Presbyterian Church (Reformed) Notes to the Financial Statements (etsntinued) Year ended 31 March 2025 12. Staff costs (¢ontltsued) The average head count of employees during the year was 6 12024.. 91. The average number of lull-lime equivalent employees during the year is analysed as follows.. 2025 No. 2024 No. Number ol stall No employee received employee benefits of more than £60,000 during the year12024.. Nill. 13. Trustee remuneratlon and expenses The Charills conslilulion makes provision lor payments to be made lo a Trustee. During the year a salary of £34,588 was paid to one ol Ihe Trustees who was a lull-lime employee of the church. No expenses payments were noted. 14. Tangible fixed assets Freehold Fixtures and propety fittings Total Cost Al 1 Apr 2024 Additions 1,100,000 2,800 68,682 1.168,682 2,800 At 31 Mar 2025 1,102,800 68,682 1,171,482 Depreciation Al 1 Apr 2024 Charge lor the year At 31 Mar 2025 36,000 12,000 48,000 59,216 4,278 63,494 95,216 16,278 111,494 Carrying amount At 31 Mar 2025 1,054,800 5,188 1,059,988 Al 31 Mar 2024 1,064,000 9,466 1,073,466 15. Debtors 2025 2024 Prepayments and accrued income Other debtors 2,248 21,500 2,248 47,098 23,748 49,346 19
Ely Presbyterian Church (Reformed) Notes to the Financial Statements (etsntinued) Year ended 31 March 2025 16. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income Social security and other taxes 1,470 1,876 1,465 3,346 1,465 17. Penslons and other post retlrement beneflts Deflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £5,06912024.. £5,033). 18. Analysis of charitable funds Unrestricted funds At Income Expenditure 31 Mar 2025 At 1 Apr 2024 General funds 1,301,909 141,180 1167,8481 1,275,241 Al Income Expenditure 31 Mar 2024 Al 1 Apr 2023 General funds 1,339,200 150,552 1187,8431 1,301,909 Restrlcted funds At Income Expenditure 31 Mar 2025 At 1 Apr 2024 Charity Fund 2,622 3,021 13,3031 2,340 Al Income Expenditure 31 Mar 2024 At 1 Apr 2023 Charity Fund 2,068 3,549 12,9961 2,621 Restricted fund - Charity fund Church members contribute to this fund which makes donations lo external Christian inslilulions. Deslgnated fund - Mlnlstry tund This designated fund was established as a contingency fund lo meet the cost of future ministry salaries. The opening and closing balances on this fund were £60,000. 20
Ely Presbyterian Church (Reformed) Notes to the Financial Statements (etsntinued) Year ended 31 March 2025 19. Analysis of net assets between funds Unreslricled Funds Reslricled Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,059,988 218,600 13,3461 1,275,242 1.059,988 220,940 13,3461 1.277,582 2,340 2,340 Unreslricled Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net as$et$ 1,073,466 229,908 11,4651 1,301,909 1,073,466 232,530 11,4651 1,304,531 2,622 2,622 20. Related parties The aggrègate value of unconditional donations made by the Trustees in the period to 31 March 2025 was £24,51812024- £24,330). 21