Company registration number: 00542668 Charity registration number: 246126
D. F. and M. Welsh Baptist Corporation
(A company limited by share capital) Annual Report and Financial Statements
for the Year Ended 31 March 2025
Aston Hughes Ltd for and on behalf of Aston Hughes Ltd Selby Towers 29 Princes Drive Colwyn Bay North Wales LL29 8PE
D. F. and M. Welsh Baptist Corporation
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 to 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 20 |
D. F. and M. Welsh Baptist Corporation
Reference and Administrative Details Trustees Mrs H.W. Jones Mr E R Lloyd Mr A Williams Mr T R Ifan Secretary Mr A Williams Charity Registration Number 246126 Company Registration Number 00542668 The charity is incorporated in England and Wales. Independent Examiners Aston Hughes Ltd Selby Towers 29 Princes Drive Colwyn Bay North Wales LL29 8PE Solicitors: GHP Legal 26-30 Grosvenor Road Wrexham North Wales LL11 1BU Bankers Barclays Bank Plc 84 Mostyn Street Llandudno LL30 2SH
Page 1
D. F. and M. Welsh Baptist Corporation
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025.
Trustees
Mrs H.W. Jones
Mr E R Lloyd Mr A Williams Mr T R Ifan
Objectives and activities
Objects and aims
The Corporation was established to promote the interest of the Denbigh, Flint and Merioneth Association of Welsh Baptist Churches.
Objectives, strategies and activities
The policies which have been adopted in order to further the above objectives are to invest the monies of the Corporation not immediately required for its purposes in or upon such investments, securities or property as may be thought fit, but so that moneys subject to or representing property subject to jurisdiction of the Charity Commissioners for England and Wales shall only be invested in such securities and with such sanction (if any) as may for the time being be prescribed by law.
The Corporation continued to fund the employment of Parchedig Tecwyn Rhys Ifan, who's work also includes various projects which are intended to promote Baptist values.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Grant making policies
The Corporation receiving grant applications from Chapel's in the region the decision to award grants to these applications are made at the trustees' bi-annual meetings.
Use of volunteers
All of the Council member and officers of the Corporation are unpaid volunteers.
Achievements and performance
Investment income has improved again over the last 12 months with higher rates on interest received by investing deposits on the the Money Markets/Treasury Deposit range of accounts with Barclays Bank Plc. Dividend returns (Lloyds Bank Plc) have also improved.
Financial review
The corporation continues to hold the bulk of its assets in cash, and this will continue.
Total funds held at the reporting date were:
-
Unrestricted funds £842,278
-
Restricted funds £316,596
Page 2
D. F. and M. Welsh Baptist Corporation
Trustees' Report
Policy on reserves
The Organisation holds sufficient unrestricted funds to service the ongoing requirements for the foreseeable future.
Investment policy and objectives
The Trustees review investment performance on an annual basis. The Corporation takes a low risk approach to investments. Returns on cash investments has improved over the last 12 months with Bank of England base rate increases reflected in higher returns on cash balances held on deposit accounts.
To minimise the risk of capital devaluation the organisation invest in secure cash deposits, this reduces the potential yield, however the organisation review the deposits on a regular basis to ensure they are obtaining the best return from the products utilised.
Structure, governance and management
Nature of governing document
The Corporation is a company limited by guarantee and is governed by its memorandum and articles of association.
Recruitment and appointment of trustees
New trustees are nominated based on candidates experience and voted in at the AGM.
Organisational structure
The Corporation is governed by its Council who meet annually, but may be called at any time should it be deemed necessary. The running of the Corporation is delegated to its Chairman, Secretary and Treasurer.
Major risks and management of those risks
The organisation income is dependent on the rate of interest available, in order to maximise the level of income the trustees review the accounts available to the organisation on a regular basis. To preserve the funds of the organisation any regular grants are linked to the level of interest received in the period.
Statement of trustees' responsibilities
The trustees (who are also the directors of D. F. and M. Welsh Baptist Corporation for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
Page 3
D. F. and M. Welsh Baptist Corporation
Trustees' Report
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mrs H.W. Jones Trustee
Page 4
D. F. and M. Welsh Baptist Corporation
Independent Examiner's Report to the trustees of D. F. and M. Welsh Baptist Corporation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of D. F. and M. Welsh Baptist Corporation as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Mr Gareth Lowe BSc ACA for and on behalf of Aston Hughes Ltd Chartered Accountants
Selby Towers 29 Princes Drive Colwyn Bay North Wales LL29 8PE
Date:.............................
Page 5
D. F. and M. Welsh Baptist Corporation
Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Investment income 4 Total Income Expenditure on: Raising funds Charitable activities 7 Total Expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted £ 175,784 21,476 197,260 (7,387) (50,638) (58,025) 139,235 139,235 703,043 842,278 |
Restricted £ - 9,561 9,561 - - - 9,561 9,561 307,035 316,596 |
Total 2025 £ 175,784 31,037 206,821 (7,387) (50,638) (58,025) 148,796 148,796 1,010,078 1,158,874 |
Total 2024 £ 249,888 11,317 |
|---|---|---|---|---|
| 261,205 | ||||
| - (30,063) |
||||
| (30,063) | ||||
| 231,142 | ||||
| 231,142 778,937 |
||||
| 1,010,079 |
The notes on pages 9 to 20 form an integral part of these financial statements. Page 6
D. F. and M. Welsh Baptist Corporation
Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Investment income 4 Total income Expenditure on: Charitable activities 7 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted funds £ 249,888 7,596 257,484 (30,063) (30,063) 227,421 227,421 475,623 703,044 |
Restricted funds £ - 3,721 3,721 - - 3,721 3,721 303,314 307,035 |
Total 2024 £ 249,888 11,317 |
|---|---|---|---|
| 261,205 | |||
| (30,063) | |||
| (30,063) | |||
| 231,142 | |||
| 231,142 778,937 |
|||
| 1,010,079 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 15.
The notes on pages 9 to 20 form an integral part of these financial statements. Page 7
D. F. and M. Welsh Baptist Corporation
(Registration number: 00542668) Balance Sheet as at 31 March 2025
| Note Fixed assets Investments 11 Current assets Debtors 12 Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Endowment funds Restricted income funds Restricted funds 15 Unrestricted income funds Unrestricted funds Total funds 15 |
2025 £ 57,104 70,233 1,041,100 1,111,333 (9,563) 1,101,770 1,158,874 22,493 294,102 842,279 1,158,874 |
2024 £ 55,432 - 956,823 |
|---|---|---|
| 956,823 (2,176) |
||
| 954,647 | ||
| 1,010,079 | ||
| 22,493 284,541 703,045 |
||
| 1,010,079 |
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 6 to 20 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
.........................................
Mrs H.W. Jones Trustee
The notes on pages 9 to 20 form an integral part of these financial statements. Page 8
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charity status
The charity is limited by share capital, incorporated in England and Wales.
The address of its registered office is: 6 Llwyn Gibwst Llansannan Denbigh Denbighshire LL16 5HQ
Authorised for issue date
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
D. F. and M. Welsh Baptist Corporation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 9
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
Donations and legacies
Legacies are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Income received from chapel sales is recognised when the sale has completed and all terms and issues associated with the disposal and use of the disposal proceeds have been agreed with all relevant parties.
Investment income
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. It also includes all costs associated with chapel sales.
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specific service or output.
Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Page 10
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 11
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 12
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
Page 13
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
3 Income from donations and legacies
| Donations and legacies; Chapel sales 4 Investment income Income from dividends; Dividends receivable from group undertakings Interest receivable and similar income; Interest receivable on bank deposits Other investment income |
Unrestricted funds General £ 8 19,796 1,672 21,476 |
Unrestricted General £ 175,784 175,784 Restricted funds £ - 9,561 - 9,561 |
Total 2025 £ 175,784 175,784 Total 2025 £ 8 29,357 1,672 31,037 |
Total 2024 £ 249,888 |
|---|---|---|---|---|
| 249,888 | ||||
| Total 2024 £ 7 11,299 11 |
||||
| 11,317 |
5 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Other fees paid to examiners Other governance costs |
Unrestricted funds General £ 736 670 400 1,806 |
Total 2025 £ 736 670 400 1,806 |
Total 2024 £ 679 670 400 |
|---|---|---|---|
| 1,749 |
Page 14
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
6 Grant-making
Analysis of grants
| Analysis Distribution for the benefit of Baptist Churches |
Grants to institutions 2025 £ 2024 £ 31,371 17,785 |
|---|---|
The support costs associated with grant-making are £Nil (31 March 2024 - £Nil). Grants made are to support the upkeep and running costs of Chapels.
Below are details of material grants made to institutions
| Name of institution Activity Llansilin Chapel Work Capel maintenance Llangadwaladr Church Capel maintenance Cymanfa Bedyddwyr Capel maintenance Seion Glyn Ceiriog Capel maintenance Bethel Treffynnon Capel maintenance Salem Fforddlas Capel maintenance Capel Salem Capel maintenance |
2025 £ 531 840 - - - 30,000 - 31,371 |
2024 £ 360 1,090 5,000 4,183 - 7,052 100 |
|---|---|---|
| 17,785 |
7 Expenditure on charitable activities
| Note Charity administration Provision of Parchedeg Grant funding of activities Governance costs 5 |
Unrestricted funds General £ 7,029 10,432 31,371 1,806 50,638 |
Total 2025 £ 7,029 10,432 31,371 1,806 50,638 |
Total 2024 £ 133 10,396 17,785 1,749 |
|---|---|---|---|
| 30,063 |
Page 15
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Mr T R Ifan
Mr T R Ifan received remuneration of £10,000 (2024: £10,000) during the year.
The remuneration and expenses paid to Mr Ifan were in respect of fulfilling his role as Parchedig.
9 Independent examiner's remuneration
| 9 Independent examiner's remuneration |
||
|---|---|---|
| Examination of the financial statements Other fees to examiners All other services |
2025 £ 736 670 |
2024 £ 679 |
| 670 |
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 16
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
11 Fixed asset investments
| 11 Fixed asset investments | ||||
|---|---|---|---|---|
| Other investments Other investments Cost or Valuation At 1 April 2024 Revaluation At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 12 Debtors Trade debtors 13 Cash and cash equivalents Cash at bank 14 Creditors: amounts falling due within one year Trade creditors Accruals |
2025 £ 57,104 Listed investments £ 55,432 1,672 |
2024 £ 55,432 |
||
| Total £ 55,432 1,672 57,104 57,104 55,432 2025 £ 70,233 |
||||
| 57,104 | ||||
| 57,104 | ||||
| 55,432 | ||||
| 2025 £ 1,041,100 2025 £ 7,387 2,176 9,563 |
||||
| 2024 £ 956,823 |
||||
| 2024 £ - 2,176 |
||||
| 2,176 |
Page 17
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
| 15 Funds Unrestricted funds General Unrestricted income fund Restricted funds Corwn fund Laura Williams Bequestfund Rhyl fund Cefnbychan fund Llansilin fund Holywell fund Eglwysbach church fund Milwr fund Llangollen church fund Tanygrisiau chapel fund Llanfyllin chapel fund Talsamau fund Pandy chapel fund Salem chapel fforddlas Llanbedr fund Total restricted funds Expendable Bethania baptist chapel graveyard fund Total funds |
Balance at 1 April 2024 £ 703,045 24,047 627 27,279 10,029 16,994 12,821 7,145 44,529 43,962 17,605 29,063 23,781 12,300 2,905 11,454 284,541 22,493 22,493 1,010,079 |
Incoming resources £ 207,401 808 21 917 337 571 431 240 1,496 1,477 592 977 799 413 97 385 9,561 - - 216,962 |
Resources expended £ (68,167) - - - - - - - - - - - - - - - - - - (68,167) |
Balance at 31 March 2025 £ 842,279 24,855 648 28,196 10,366 17,565 13,252 7,385 46,025 45,439 18,197 30,040 24,580 12,713 3,002 11,839 |
|---|---|---|---|---|
| 294,102 | ||||
| 22,493 | ||||
| 22,493 | ||||
| 1,158,874 |
Page 18
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
| Unrestricted funds General Unrestricted income fund Restricted Corwn fund Laura Williams Bequestfund Rhyl fund Cefnbychan fund Llansilin fund Holywell fund Eglwysbach church fund Milwr fund Llangollen church fund Tanygrisiau chapel fund Llanfyllin chapel fund Talsamau fund Pandy chapel fund Salem chapel fforddlas Llanbedr fund Total restricted funds Expendable Bethania baptist chapel graveyard fund Total funds |
Balance at 1 April 2023 £ 475,624 23,733 619 26,922 9,898 16,772 12,653 7,052 43,947 43,387 17,375 28,683 23,470 12,139 2,867 11,304 280,821 22,493 22,493 778,938 |
Incoming resources £ 257,484 314 8 357 131 222 168 93 582 575 230 380 311 161 38 150 3,720 - - 261,204 |
Resources expended £ (30,063) - - - - - - - - - - - - - - - - - - (30,063) |
Balance at 31 March 2024 £ 703,045 24,047 627 27,279 10,029 16,994 12,821 7,145 44,529 43,962 17,605 29,063 23,781 12,300 2,905 11,454 |
|---|---|---|---|---|
| 284,541 | ||||
| 22,493 | ||||
| 22,493 | ||||
| 1,010,079 |
Page 19
D. F. and M. Welsh Baptist Corporation
Notes to the Financial Statements for the Year Ended 31 March 2025
16 Analysis of net assets between funds
| Fixed asset investments Current assets Current liabilities Total net assets |
Unrestricted funds General £ 55,432 649,789 (2,176) 703,045 |
Restricted funds £ - 284,541 - 284,541 |
Endowment funds Permanent £ - 22,493 - 22,493 |
Total funds at 31 March 2024 £ 55,432 956,823 (2,176) |
|---|---|---|---|---|
| 1,010,079 |
17 Related party transactions
During the year the charity made the following related party transactions:
GHP Legal
(Mr R. Lloyd (trustee) is a partner in GHP Legal, who are the solicitors involved in selling chapels. Solicitors fees in the year due to GHP Legal was £10,200.)
At the balance sheet date the amount due to GHP Legal was £3,600 (2024 - £Nil).
Page 20