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
CUr￿n1 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