CHARrtY REGISTRATION NUMBER: 1187C
Mount Pleasant Baptist Church CIO
Unaudited Financial Statements
31 December 2023

Mount Pleasant Baptist Church CIO
Financial Statements
Year ended 31 December 2023
Page
Trustees, annual report
Independent examiner's report to the trustees
Slatement of financial activilies
Statement of financial position
Notes to the financial statements
The following pages do nol torm part of the financial statemenls
Detailed statement of financial activities
19
Noles lo the detailed slatement of financial activilies
20

Mount Pleasant Baptist Church CIO
Trustees. Annual Report
Year ended 31 December 2023
The trustees present their rerth and the unaudited financial statements ol the Charity lor the year
ended 31 December 2023.
Reference and administrative details
Reglstered charlty name
Mount Pleasant Baptist Church CIO
Charlty registration numbgr
1187005
Prlncipal offlce
The Kingsway
Swansea
SAI 5LF
The truslee8
G Morris
S Levy
J Christie
B Jones
A Haden
L Davies
(Resyned 28 April 20231
Indopondont 8x8mlnor
Philip Harris F.C.A.
144 Waller Road
Swansea
SA1 5RW
Stru¢turg1 govgmance ond managomgnt
Governlng document
Mount Plgasant Baptist church CIO was established on 17 Docemb9r 2019, b¢¢oming operalignal
from 1 June 2020 with assets translerred Irom Ihe previous charity wilh elleet from that date. The
charity is governed by the Board ol Trustees who are responsible lor controlling the management and
adminislralion ol the Church. The Board ol Trustees are governed by the chariws conslilulion which is
based on the Gharrty Commission Foundation M(xYel lor a Charitable Incorporated Organisalion ICIOI.
Inductlon 8nd tralnlng ol new trustees
Church members appoint Trustees by a resolution passed al a pr¢yrly convened Church meeting and
in accordance with the Church iules. The Trustees are ￿s[X)nSIble lor the induction ol any new
Trustee. This involves making them aware ol a Truslge's responsibilities and ol the nalLJre ol the
governing document and administrative procedures. A new Trustee would receive a copy ol the
charilys governing document logether with a copy ol the charrtls latest Annual Report and Accounts.
Key management remunerallon
The board ol Trustees, Tom Martyn and Dafyd¢J Ta￿Or, are considered to be the key management
personnel ol the charity. Details ol Trustee remuneration or other benelils are disclosed al note 12.
Details ol TrLJslee expenses and related party transaclions are disclosed in notes 12 and 19
respectively. Payments to other key management personnel are given at note 11.

Mount Pleasant Baptist Church CIO
Trustees. Annual Report
Year ended 31 December 2023
Structure. govern¥n¢e and management icorfinwd)
Rlsk Management
The Trustees have conducted a review ot the major risks lo which the charity is exposed. Where
appropriate, systems or procedures have tten established lo milkJale the risk the charity laces.
These procedLJres are peri(MJically reviewed lo ensure they continue lo meet the needs ol the charity.
Oblectlves and actlvltles
Mount Pleasant Baptist Church, Swansea seeks lo continue the old work ol every local church
sharing the good news ol the forgiveness ol sins Ihrough Jesus Christ lo every ￿r$On that lives
nearby, following him logelher. bringing Ihe grace and peace ol the Living God lo people's lives, lor life
and lor death.
We are eurrenlly approximately 200 membèrs and have links with other churches across South Wales
and the wider UK, who we partner wlh in prayer and wrth help as they share this good nèws in their
neighbourhocKIs.
Our legal purpose is the advancement ol the Chrisban lailh in accordance with the basis ol lailh
primarily but not exclusively within Swansea and the surrourKling area,. and other such charitable
purposes as shall, in the opinion ol the Trustees, further the work ol the church.
We have a prominent sile in the centre ol the city which we seek to use lully lo serve our local
community wlh all the help GOJ brings his church.
Stalllng and volunteerlng
The church employs lour lull time staff and has eight slaff overall. More than a hundred and sixty
people r&gularly volunteer in a whole variety ol capaeities. without whom the work ol thè church simply
could not happen. 11 is not possible lo place a monetary value on the contributions made by volunteers
nor are figures availatje that show how many hours ol semce they provide.

Mount Pleasant Baptist Church CIO
Trustees. Annual Report
Year ended 31 December 2023
Achlevements and performance
Activities during 2023 have included worship serwces on Sundays, arKJ weekly prayer meetings to pray
lor our city ané neighbourh(ths and people working across the area, as well as lor our members.
The children and the WKler church read through a ol the Bible Ir>Jether each month. sharing what
God says with one another, and in summer and Christmas holidays did one project on Mark and
another on Isaiah sharing God's word wth the whole church. Pastoral support was given to the church
and help given to the local community wth weekly Good News meetings on Sundays also being
shared online. During Christmas 2023 hundreds ol people attended Candlelit Carol Services, with
13,500 hand signed Christmas cards distributed lo Ihose who live and work in the city.
A special offering was held in December 2023 to support other churches in sharing the good news of
Jesus in their locations. These grfts were all made to the other churches by the end ol December.
Works were undertaken lo improve the church's facilities furthèr with thè growing numbers ol pètsple in
allendance, aller the renovation projecl in 2022. We look a special ollering in May 2023 which funded
additional seals lor the church, the creation ol new storage space lor church equipment, and other
improvement works began.
We needed to continue to repair our old, lisled building during Ihe year, with dry rot showing itself
unexpectedly in the 'school block, part ol the church building. despite some remedial work in 2022 in
the allecled area. This work was completed in 2023, and a&Jilionally. CADW kindly part lund8d repair
work lo the 'church hall, where part ol the roof was repaired atKI four windows were replaced.
The Church conty'nued ils outdoor pavemenl calé and mums and toddlers group lo bglriend those living
locally.
We organised a low-cosl church weekend away locally lo enjoy G￿Y'S creation - 'Crealion Camping,
returned lor the first lime since the pandemic & the upheaval ol the renovation project in 2022, with
over 190 camping together.
Publlc Benelll Slolement
The Trustees confirm that they have complied with the duty in the Charities Act 2011 to have due
regard lo the Charity Commission's general guidance on public benefit. The Church provides public
benefit principally in the provision ol a Place ol Worship, worship setvices, and by streaming Ihgse
services on the public plallorms ol YouTube and Facebook so that the widest range ol people possible
can benelil from all that God says an(J all the help he bring5. The Church sèeks lo lullill ils charitable
objectives in the advancemeni ol Christianrty and In suk¥)orting ihose in need.

Mount Pleasant Baptist Church CIO
Trustees. Annual Report
Year ended 31 December 2023
Flnanclal revlew
Golng concern
The entire assets and liabilities ol the charity were transferred from the original unincorporated
association lo the new charilable incorwraled organisalion ICIOI on 1 sl June 2020.
Having considered ever changing events and conditions, the Trustees are confident that the charity will
continue to meet ts liabilities as they fall due and consider that there are no rnaterial uncertainties that
impact on the going concern basis being used lo prepare these financial stalemenls.
The accounts comply with the current slalulory requirements and the charitys governing d￿uments.
With largely sell-suslaining income. backed up by stror4J resetves. Ihe Church aims lo maximise ils
charitable expenditure whilst prudently managing its infrastructure. Total incoming resources IDr the
year 01 £392,372 consist ol donatK)ns received of £287.778 associated tax refunds ol £56,781 and
other income of £46.716. A signilicanl proportion ol the total expenditure 01 £390.540 relates lo
employment costs of £166,927 and non-recurring rwoperty repairs of £84,839 which is noted below
under the heading Extraordinary items.
Income exceeded experKITture by £1.832 lor the year 10 31 December 2023 (income exrAeded
expenditure by £95,496 in the year to 31 December 20221.
Reserves Pollcy
The Trustees havg examined Ihe level ol reserves held at Ihe year end in light ol the main risks lacing
the organisation. A pc*licy has been established to maintain free reserves sullicient to cover temporary
short-falls in incorne. The Iruslees are aware ol the need 10 aecumulaie suff tient rèsèrves that the
Church can continue in 0￿ratiOn during any short-lerm income shortfall.
The free reserves ol the a charrty represent the funds that are Ireety available lo spend. In calculating
the Ireg resorves, Ihe Trustees have deducted from tolal lunds any restricted or dosignalgd fund at the
period end and the nel book value ol all langible lixed assels as detailed in the accounts. This leaves
a surplus ol free reserves al 31 December 2023 01 £76,353 which is deemed lo be a sullicient level of
reserves by the Trustees. The lolal designated al the year end lolalled £499.
The policy is reviewed by the Trustees on an ongoing basis.
Extraordlnary Items- Repalr costs
During the year, work continued with the repairs to the buihjing. t84.839 was spent on repairs during
the year and £2,153 was spent on capital improvements.
Funds were raised from a spgcial oflering from Ihe church members atKJ lurthgr works were completed
by late spring 2024. The church was additionally helt*d by gills from other chLJrches, and by central
government grants equivalent to the VAT expended through the Listed Places ol Worship VAT
scheme.
The Iruslees, annual rekK>rt was akwroved on ....-................-...-.... and signed on behalf ol the board ol
Iruslees by..
B Jones
Trustee
Charity Secretary

Mount Pleasant Baptist Church CIO
Independent Examiner's Report to the Trustees of Mount Pleasant Baptist
Church CIO
Year ended 31 December 2023
I report lo the Iruslees on my examination ol the financial statements of Mount Pleasant Baptist
Church CIO Ilhe charity) lor the year ended 31 De¢emt￿r 2023.
Responslbllltles and bas1$ ol report
As the trustees ol the charty you aTe reswnsible lor the preparation ol the financial staternents in
accordanee with the requirements ol the Charititis Act 20111'the Act'l.
I repcirt in respect ol my examination ol the charity's linancial slalemenls carried out under section 145
ol the 2011 Act and in carrying out my examination I have followed all the applicable Oirections given
by the Charity Commission under section 1451Sllbl ol Ihe Act.
Independent examiner's statement
Since the charity's gross income exceeded £250.(y)O your examiner musl be a member ol a b(Éy
listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake the examination
because l am a member ol the Inslilule ol Chartered Accounlants in England and Wales IICAEWI,
which is one ol the listed bodies.
I have completed my examination. I conlirm that no material matters have come lo my attention in
connection wlh the examinalK>n giving me cause lo believe that in any material respect..
accounting records were not kepl in respgcl ol the charity as required by soclion 130 01 the
Act., or
the Ilnancial Slalements do not accord wlh those records; or
the financial slalemenls do not comply with the appI￿able requirements conceming th8 form
and content ol accounts sel out in the Charities (Accounts and Reports) Regulations 2008
other than any requiremenl that the accounts give a 'lrue and lair, view which is nol a maller
considered as part ol an independent examination.
I have no concerns an¢J have come across ￿ other matters in connection with the examination to
which allenlion shoulé be drawn in this rewrt in order lo enatje a proper understanding ol the
accounts lo bg reached.
Philip Harris F.C.A.
Indepgndgnl Examiner
144 Walter Road
Swansea
SA1 5RW

Mount Pleasant Baptist Church CIO
Statement of Financial Activities
Year ended 31 December 2023
2023
Restricted
funds Total funds Total funds
2022
Unrestr￿1
funds
Note
Income and endowments
Donations and legacies
Investment income
Other income
334.667
727
48,157
382.8ZJ
727
8.822
392.372
396,336
116
6,292
Total Income
344.216
48,157
402.744
Expendlture
Expenditure on charitable activities
Total expendlture
347.014
43,527
390.540
390,540
307.248
347.014
43.527
307,248
Net Income and nel movement In lunds
12,7981
4.630
1,832
95,496
Reconclllallon of funds
Total funds brought forward
Total funds carrled lorw•rd
522,343
2.572
524,915
429,419
519,545
7,202
526,747
524,915
The slalemenl ol financial activities includes all gains and losses iecognised in the year.
All income and expenditure derive Irom conbnuing aclivibes.
Thè notès on pagès 8 10 17 fomi part of th￿ finanek11 $tatèmènt$.

Mount Pleasant Baptist Church CIO
Statement of Financial Position
31 December 2023
2023
2022
Note
Fixod assels
Tangible fixed assets
13
442.693
433,706
Current assets
Debtors
Cash at bank and in hand
14
25,324
74.553
99.877
51,083
,935
108,018
Credltors: amounts lalllng due wlthln one year
Net current assets
15
15.823
16,809
84,054
91,209
Total assets less current Ilabllltlès
526,747
524,915
Fundy of the charbty
Restricted funds
Unrestricted funds..
Revaluation reseTwe
Other unreslricled income lunds
7.202
2,572
235,000
284,545
23S,000
287,343
Totol unre8trlcted fund8
519,545
522,343
Total charlty tunds
18
S26,747
524,915
Thèsé linanual slalèments were approv8d by the board ol Irusleès and authorised lor issuè on
and are signed on bèhalf ol the board by=
B Jones
Trustee
Thè notès on pagès 8 10 17 fomi part of th￿ finanek11 $tatèmènt$.

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements
Year ended 31 December 2023
Gener¥1 Informatlon
The charity is a public benefr( enlty and a registered charity in England and Wales and is
unincorporated. The address ol the principal office is The Kingsway, Swansea, SA1 5LF.
ststement ol compllance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of IrelarMJ', the Staternent of
Recommended Practice applicable lo charilies preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities
SORP IFRS 10211 and th8 Charit*s Act 2011.
Accountlng pollcles
Basis of preparatlon
The linanciJ slalemenls have tfjen prepared on Ihe hisiorical cost basis. as modified by the
revaluation ol certain financial assets a￿1 liats'lilies a￿1 investment properties measured al lair
value through income or expermjiture.
Thè financial statements are Prepared in sterling, whth is the functional currèncy ol the èntity.
Golng concern
There are no material uncertainlies about Ihe charills ability lo conlinuo.
Fund accounllng
Unrestricted lunds are available lor use al Ihe discretion ol the Iruslees to further any ol the
charitys purwses.
Designated lunds are unre$tri￿ed furth earmarked by the tru$tegs lor particular lulure projgGt or
commitment.
Reslricled funds are subjected lo reslriclions on their expeTrJilure declared by the donor or
through the terms ol an aFpeal, a￿1 fall into one ol S￿￿¢lasses.. reslricled income funds or
endowment funds.

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
Accountlng pollcles (contIn￿?
Incomlng resources
All incoming resources are included in the slalemenl ol financial activities when enlillemenl has
passed lo the ¢harity,' il is probable Ihat the e¢onomi¢ benefits a$s￿l81ed with the transaction will
flow to the charity and the amount can be reliably measured. The following spe¢ili¢ policies are
applied to particular categories ol income:
income from donations or grants is recognised when there is evidence ol enlillemenl lo the
gift, receipt is probable and ils amounl ¢an be measured reliably.
legacy income is recognised when receipt is pr¢Jbable and enlttlemenl is èstablished.
income from donated goods is measured at the lair value ol the goods unless this is
impractical to measure reliabty, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated lacililies arKJ services are recognised in th8 accounts
when r8eeive(l il the value can b& reliatrjy measured. No amounts are included lor the
contribution ol general volunteers.
income Irom contracts for the supply ol services is recognised with the delivery ol the
contracted serwce. This is classified as unreslricled funds unless there is a conlraclual
requirement lor il lo be spent on a parlicular purpose and returned il unspent, in which case
il may be regarded as restricted.
Resource$ expended
Exp8ndilure is recognised on an accruals basis as a liability is incurred. Expènditure includ&s any
VAT which cannot be lulty reeovered, and is dassilied under headings ol the stal&menl ol
financial activities lo which il relates:
expenditure on raising lunds includes the costs ol all fundraising a¢livities. events, non-
charitable trading aeiivities, and the sale ol donaied goods.
expenditure on charitable activities i￿ludeS all costs incurred ty a charity in undertaking
aclivitios thal further ils ¢haritablo aims lor the bgnelil ol its beneficiaries. including those
support costs and costs relabng to the governance ol the charity apportioned to charitable
activities.
olhor exp9ndilure includes all experKlilure Ihal is neither related lo raising funds lor Ihg
charity nor part ol its exFendilure on charitable activilies.
All costs are allocaled to expendilure categories reflecting the use ol the resource. Direct costs
attributable lo a single a¢twity are allocated direcdy lo that a¢bvity. Shared costs are apportioned
t*tween the activities Ihey conlribule lo on a reasonable. jusliliable and consislenl basis.
Tanglble assets
Tang1t￿e assets are inttially recorded at cost. and subsequently slated at cost less any
ac¢umulaled depreciation arKI impairment losses. Any tangible assets ¢arried al revalued
amounts are recorded al the lair value al the dale ol revaluation less any subsequent
accumulated deprecialion and subsequent accumulaled impairment losses.

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
Accountlng pollcles (contIn￿?
Tanglble assets {contin¢EdJ
An increase in the carrying amount of an asset as a resull ol a revaluation. is recognised in other
recognised gains and losses, unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement ol financial acb'vities. A decrease in the carrying
amount ol an asset as a resutt ol revaluation. is recognised in other recognised gains and losses,
exeepl lo which it offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and losses on the statement ol financial activities.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation ol an asset. less its residual
value, over the useful economic Iilè ol that asset as follows..
Fittings & equipment
Improvements lo Property
slraighl li
slfaighl line
Impalmient of flxed assets
A review lor indicators ol impairment is carried out al 8ach reporting dale, with the recoverable
amount being eslimaled where such indicators exist. Where the carrwng value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor
pjssiblg reversal al each rerxjrting dale.
For the purposes ol impairmènt testing. when it is not possib￿ to estimatè the recoverable
amount ol an individual asset, an estimate is made ol the recoverable amount ol the cash-
generating unil lo which the assel belongs. The cash-generaling unil is the smallest identifiable
group ol assets that includes the asset and generates cash inflows that largely indep8ndenl ol the
cash inflows from olhgr assets or groups ol assgls.
For impairment testing ol goodwill, Ihe goodwll acquired in a business combination is, from the
acquisition dale. allocated to each ol the cash-generating units that are expected to benefit from
the synergies ol the combination, irrespective ol whether other assets or liabilities ol the charity
are assigneé lo those units.
Government grants
Government grants are recognised at the lair value ol ihe asset received or receivable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching lo them the granls will be received.
Where the granl does not imr*)se specified lulure perlormance-relaled conditions on the
recipient, il is recognised in income when Ihe granl proceeds are received or receivable. Where
the grant does impose specified future performance-related conditions on the recipient. it is
recognised in income only when the pertoTmance-related conditions have been mel. Where
grants received are prior lo satis￿.ng the revenue recognrtion criteria, they are recognised as a
Flnanclal Instruments
A financial asset or a financial liabilrty is recognised onty when the charity becomes a party to the
contractual provisions ol the instrument.
Basic financial instnjments are inilially recognised al the amount receivable or payable including
any relaled transaction costs.
10-

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
Accountlng pollcles (contIn￿?
Flnanclal Instruments (contin￿d)
Current assets and current liabilities are subsequently measured al the cash or other
consideration expected lo ￿ paid or received and not di$￿￿nIed.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their lair value can otherwise be measured
reliably, the investment is subsequently measured al lair value with changes in lair value
recognised in income and ex￿ndlI￿re. All other such investments are subsequenlty measured al
cost less impairmenl.
Other financial inslrumenls, including derivalives. are inilially recognised al lair value, unless
payment lor an asset is deferred beyond normal business lerms or financed al a rale ol inter&sl
that is not a market rate, in which case the asset is measvfed al the present value ol the lulure
pa￿lentS discounted al a mad(el rale ol interest lor a similar debl inslrumenl.
Other linanciaj instruments are subsequenlty measured al Iwr value, wilh any changes
recognised in the statement ol linaneial activities. with the èxcepli¢)n ol hedging instruments in a
designated hedging relationship.
Financial assets that are measured al cost or amortised cost are rewewed lor objectiv8 evidence
ol impairment al the end ol each reporting dale. 11 Ihere is objective evidence ol impairment, an
impairment loss is recognised under the appropriate heading in Ihe staternenl ol linan¢ial
activitie5 in which the initial gain was recognised.
For all equity instruments regardless ol signilicance, and other linancial assets that are
individually signilicanl, these are assessed indiwdualty lor impairment. Other financial assets are
eilhgr assessed indivKJually or grouped on Ihe basis ol similar crgdil risk characlerislics.
Any reversals ol impairment are recognised immediately, to the extent that the reversal does not
result in a carrwng amount ol the linancial asset Ihat excèèds what the carrying amount would
have been had the impairmenl not previously been recconised.
Donatlons and legacles
Unrestricted
Fur￿$
Reslri¢lgd Total Funds
Funds
2023
Donatlons
Online donatrons
Cash donations
Gilt Aid from HMRC
227,694
14,215
49,494
40,870
268,563
14.215
56.781
7.287
Lggacios
Legacies
5,000
Grants
Grants receivable
Government grant income
38,264
38.264
382.823
334,667
48.157
11

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
Donatlons and legacles (conlinwd)
Unrestricted
FurKIs
Reslricted Total Funds
Funds
2022
Donatlons
Online donations
Cash donations
Gilt Aid from HMRC
241,573
5,076
50,950
44.437
286,010
5,076
60,428
9.478
Legacles
Legacies
Grants
Grants reeèivable
Government grant income
9,000
35,822
35,822
333.421
62.915
396,336
Invostment Income
Unreslricled Tol•l Fund¥ Unreslricled Total Funds
Funds
2023
Funds
2022
Bank interest rKeivable
Other interest receivable
727
727
26
26
90
727
727
118
116
Other Income
Unreslricled Tol•l Fund¥ Unreslricled Total Funds
Funds
2023
Funds
2022
Gain on diswsal ol langitye fixed
assets hekd lor charity's own use
Other income
370
370
452
6,292
6.292
6,292
6,292
8,822
Expendlture on charltable actlvltles by lund type
Unreslricled
Funds
Reslrieled Total Funds
Funds
2023
Charitable activities
347,014
43.527
390.540
Unrestricted
FurKJs
Restricted Total Funds
Funds
2022
Charitable activities
221,028
86,220
307,248
12-

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
Expendlture on ch8rltable actlvltles by a¢tlvtty type
Actiwties
undertaken Grant tunding Tolal funds
directly of aclivrties
2023
Total fund
2022
Charltable actlvltles
358,644
31,896
390.540
307.248
Net Income
Nel income is slated after chargingllcredilingi-
2023
2022
Dewecialion ol tangible fixed assets
Gains on disposal ol tangible fixed assets
24.782
1370)
18,415
10. Independent examlnatlon lees
2023
2022
Fees payable lo the independenl examiner for..
Independent examination ol the financial stalements
Other linanGial services
798
1,482
2.280
770
1,426
2,196
11. Staff costs- excludlng trustees remunerntlon
31.12.23
31.12.22
Wages and salaries
Employer's Nl
Pension eontribution
94.005
7.494
2,390
103.889
71,941
5,855
2,117
79,913
There were no employees wilh emoluments above £60.IXQ. The lolal employee bgneli¢5 01 the
charily's key management personnel including employer Nalional Insurance were £64,66012022
£66,085).
The average head count ol employees during the year was 812022: 71.
No employee r￿e1Ved employee benefits ol more Ihan £60,000 during Ihe year12022-. Nill.
13-

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
12. Trustee remuneratlon #nd expenses
The charity makes payments to Iwo ol its Trustees, Rev S Levy, lor serv￿eS as Church Pastor
and J Christie in connection with a church oulreach programme. Their remuneration during the
year was as lollows:_
31.12.23
31.12.22
Trustees. salaries
Trustees social security
Pension contributions
$5.315
5,630
1,298
62,243
52,195
5,508
1,198
58,901
Thè charity's govèrning d¢xument makes provision IOT PayTnents lo be made lo a Trustee.
Trustees. expenses
The lolal amount ol expenses reimbursed lo Truslees or paid directly lo third parties during the
year totalled £2,688. These expenses comprise the reimbursed travel costs and other expenses
ol lour Trustees. Ir appears that in many cases the Trustees acted as agents ol the charity and
made purchasès on ils behdl. Such eX￿ndi1Ure was noi relaied to Ihè services providèd by th8
Trustees.
Church funds have trfftn used lo purchase insUrar￿8 lo protect the Church from loss arising from
the neglect or delaull ol ils Trustees, employees or agents. Church funds have also been used lo
purchase insurance io ifKlemnily Trustees and olher officers againsl the consequences ol any
neglect or delaull on their part.
These insurances have been acquired as part ol Ihe Church's general insurance policies.
Consequently, il has not proved pract￿able lo stale Ihe cost ol providitYJ these particular aspects
ol insurance Cover.
13. Tanglble flxed
Land and
buildings
Improvement
Equipment s lo property
Total
Cost
At 1 Jan 2023
Additions
Disposals
Al 31 Dgc 2023
235,[￿￿•
109,102
31,616
12,8001
137,918
155,078
2,153
499,180
33,769
12,8001
530,149
235,0(
1 $7,231
Depreclatlon
At 1 Jan 2023
Charge lor the year
Disposals
At 31 Dec 20TJ
57,934
21.637
12,8001
7,540
3,145
65.474
24,782
12.8001
87,456
76,771
10,685
Carrylng 8mount
Al 31 De¢ 20¥3
235,0Tr)
61,147
146,546
442,693
433,706
At 31 Dec 2022
235,(KKI
51,168
147,538
14-

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
14. Debtors
2023
2022
Trade debtors
Prepayments aThJ accrued income
Other debtors
14.333
994
9.997
25.324
26,698
467
23,918
51,083
15. Credltor$: amounts lalllng due wlthln one year
2023
2022
Social security and other lax8S
Other creditors
3.360
12,463
15,823
4,208
12,601
16,809
16. Granls
Analys1$ of Grants
31.12.23
31.12.22
Grants lo Inslilulions
FIEC
Niddrie Community Church
Eglwys Élengyliadd Ardudvry
Noddla Baptist Church
Gorgie Church Plant
Children ol Light, Nepal
Other churches
2,0(M)
15.992
2,000
12,000
500
7,931
1,000
1,01)0
203
28,126
14,500
Grants lo inéiwduals
2,986
17,486
31,896
17. Government grants
The amounts re¢ognised in Ihe linancial stalements lor governmenl grants are as follows..
2023
2022
Recognised in income from donations and legacies..
Government oranls income
38.264
35,822
15-

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
18. An¥lysls of charft#ble funds
Unrestrlcted funds
Al
Transfers 31 Dec 2023
Al 1 Jan 2023
Income EX￿nditUre
General funds
Revaluation reserve
287,343
235,000
344,216
1347.0141
284.545
235.000
519.545
522,343
344.216
1347.0141
At
Transfers 31 Dec 2022
At 1 Jan 2022
Income Ex￿Id11￿re
General lunds
Revaluation resgrve
161.999
235,000
339,829
1221.0281
287,343
235,000
396,999
339,829
1221,0281
522,343
Rostrleted fund$
At
Transfers 31 Dec 2023
Al 1 Jan 2023
Income ExFwdilure
Special Project grant
Buildino Works
Church Gills
Soul Church Nealh
2,572
12.5721
30.9451
110.0101
36,913
11.244
5,968
1.234
2,572
48,157
143.5271
7,202
Al
Transfers 31 Dec 2022
Al 1 Jan 2022
Income EX￿nditUre
Special Project grant
Building Works
Church Gilts
Soul Church Nealh
7.591
21.000
15,0191
177,3721
2,572
62,915
16,5431
3,829
13,8291
186,2201
32,420
62,915
16,5431
2,572
16-

Mount Pleasant Baptist Church CIO
Notes to the Financial Statements (conum￿)
Year ended 31 December 2023
18. An¥lysls of charft#ble funds (contIn￿tt)
Restrlcted lunds
Special Project Grant
This is a fund lor a local outreach project. Al the slart ol the year funds held £2.572. Net
expenditure of £2,572 left the fund lully expended al Ihe year eNI.
Bulldlng Works
A special ollering towards the renovation works ol the main building was taken in the spring ot
2023 with £36,912 being received lincluding a gill amj clwm of £6,1331. Expenditure of £30,945
left a bJance 01 £5,967 al the year end which is represenled by a bank balance.
Church glfts
A special ollering was taken in December 2023 for gospel work in other churchès, and lor those
who donl know Christ in Swansea wrth £11.244 being received. Expenditure of £10,010 lèft a
balance al the year of £1,234 which is represented ty a bank balance.
Deslgnaled lunds
Designated funds are part of the charitys total unreslricted general funds noted above and
represent amounts set aside by the Trustees to be used lor particular purposes in the future. The
Trustees have the power to re-designale such funds within unrestricted funds. Designated funds
are not disclosed separately on the charills Slalemenl ol Financial Activities nor on ils Balance
Sheet.
Designated fund balances al Ihg year end were as lollow5:.
Eccentrics Conference
499
19. Related partles
Rolatod party dl¥¢lo¥ures
The aggregate value ol uncondilional donations made by the Trustees in the year lo 31
Dgcgmber 2023 was £51.5701£52.830. 20221.
17-