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2024-12-31-accounts

Sharon Full Gospel Church Osborne Road, Pontypool NP4 6LU Registered Charity Number 1050642 Trustees Annual Report 2024

Aims and Purposes

Sharon Full Gospel Church is an independent Christian church, and a member of the Evangelical Alliance (Membership Number 251867). Our main aim is to advance the Christian religion. As is set out in our governing documents, we seek to achieve this aim by proclaiming the Gospel of God concerning His Son Jesus Christ our Lord through preaching and teaching of the Word of God and by maintaining a place of worship and prayer for this purpose.

Alongside religious services, our aims are equally furthered by the practical expression of our faith through our charitable works which support our local community: by relieving poverty, providing activities for families and children, and promoting better community cohesion and mental and physical health.

Objectives and Activities

Our objectives are set to reflect our faith and community. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

Our aim remains to proclaim the Christian message, as expressed in our statement of faith and ethos statement, providing a facility where Christians can both worship and express their faith practically by supporting and working in partnership with the local community.

Achievements and Performance

The church has opened throughout the week for various religious meetings for prayer, worship and Bible teaching. Membership has increased modestly with new families are in regular attendance. Our mission to proclaim the gospel has continued in partnership with other Pontypool churches through joint services as part of churches together in Pontypool.

In addition to this, we demonstrate love to our neighbours by running a wide-ranging programme of community work, and employ a part-time Community Engagement Worker, in a project called “Hope for the Community.” The most recent impact report for the project is included at the end of this report.

Despite the secular nature of our community project, some people, having visited us for practical help, also want to find out about what spiritual help is available. Indeed, with our project footfall running at 600-750 people per month, church leadership have struggled to keep up with the number of enquiries. We received grant money from the SMB Trust to hire a community chaplain for 6 hours each week who works in our community café to deal with faith enquiries and provide a listening ear, especially in times of bereavement.

We also continue to employ a part-time children’s & families minister, who throughout 2024 ran a Christian afterschool club for 5-11 year olds one night per week, and a parent & toddler group one morning per week. She also liaises with our local school, and we were wonderfully impressed by the nativity plays put on at our church this Christmas by 100 pupils from Geroge Street Primary School.

Financial Review

The final balance sheet for 2024 is attached, together with the report from our independent examiner. The total income for the year was £122,568.30. £80,751.39 of this was restricted for our community project. Grants above £5,000 were as follows: The National Lottery People & Places Medium Grant £33,366.50; Torfaen County Borough Council Social Enterprise Grant £16,744.00; Torfaen County Borough Council Community Resilience Grant £8,348.00; Torfaen County Borough Council Food4Growth Grants £6,220.57; Torfaen County Borough Council Levelling Up Grant £6,202.00.

There was also a £5,000 restricted grant for Help2Heat, £5,000 for our chaplaincy (Dorcas Trust, £2,500.00; Goshen Trust £2,500) and £2,400 for our families minister from the Rehoboth Trust. £29,416.91 was donated for general funds. In addition to the direct expenses from the restricted funds, an amount of £30,537.84 was transferred across during the year from restricted to general funds, covering pro-rata core costs as agreed with donors in their individual grant acceptance agreements.

Reserves Policy

Sharon Full Gospel Church seeks to maintain a reserve of approx. 9 months of operating costs whenever possible to cover eventualities such as unforeseen increases in day-to-day operational costs, or when a source of income may be lost (as when a member leaves or dies). This reserve does not include restricted funds. During 2024 our reserve continued (as in 2023) to be 5-6 months of operating costs, and this is being carefully monitored.

Volunteers

We would like to thank all the volunteers who are drawn both from the church membership and our local community. Twelve volunteers assisted us in 2024. They work so hard to make our church the lively and vibrant community it is. Thank you also to our trustees, elders, and deacons for keeping the church running.

Structure, Governance and Management

The church is administered by the Church Council, which is a team of at least three trustees (minimum of Chair, Secretary and Treasurer), the appointment of whom is set out in the governing document. These are assisted in the day-to-day religious life of the church by elders and deacons the appointment of whom is also set out in the governing document. The Church Council meet six times each year.

Administrative Information

Sharon Full Gospel Church is an independent Christian church situated in Osborne Road, Pontypool NP4 6LU. It is a member of the Evangelical Alliance. The correspondence address is The Minister, Bethany, 7 Park View, Freeholdland Road, Pontnewynydd, Pontypool NP4 8LP.

Church Council Members (Trustees): Reverend Mathew Bartlett (Chair of Trustees), Mrs Barbara Yvonne Owens (Treasurer), Mr David Vaughan (Secretary) Elder: Mr David Hinwood

Accountants: Greens Accountancy & Tax Services Ltd, 106a Commercial Street, Risca, Newport NP11 6EE

All Reports and Accounts Approved by the Church Council on 12/09/2025 and signed on their behalf by Mathew Bartlett (Chair of Trustees)

Annual Impact Report: Hope for the Community Project at Sharon Full Gospel Church

Reporting Period: June 2024 – May 2025

The Story of Our Year

Our community project began in 2021 with a National Lottery grant enabling us to employ a part-time community worker. The community had identified the need for support with food and fuel and to reduce loneliness following the pandemic. This year, our project “Hope for the Community” has continued to grow and deepen its engagement with the community in Pontypool. Operating three days per week, our community hub, with its grocery store and café at the heart, has remained a welcoming, accessible space offering low-cost food and a safe environment for connection and support.

We’ve reached around 1,000 people this year, providing essentials such as low-cost groceries, home fuel grants, and school holiday meal hampers. But beyond the numbers, we’ve built a place where people feel seen, heard, and cared for.

Community at the Centre

From the start, we have prioritised working with our community, not just for them.

The Difference We’ve Made

Big Impacts:

Quiet Miracles: Some Anonymous Case Studies

Adapting and Learning

We’ve learned a great deal this year:

Changing What We Do

This year we began shifting from reactive crisis support to more sustainable, empowering solutions :

We are now working more closely than ever with schools, local food networks, and statutory services , preparing to coordinate school holiday food support and build on the expertise of each sector. The changes ahead for us will focus on building more collaborative working until we are ae confident that whoever comes in for help will not simply be passed on to another service, but supported to get that help by stronger connections with those services.

Looking Further Ahead

With planning permission pending, we hope to redevelop our building , creating:

We are transitioning to a Community Interest Organisation (CIO) and rebranding to reflect our broader community role. While continuing to operate as a place of worship, our new building will be a mixed space we can more fully share with the community.

Thanks to You

The support of our donors and funders has enabled much of this growth. Thanks to your faith in our work, we’ve:

Your support is not just financial — it is catalytic. It has allowed our small project to become a vibrant, adaptive, and deeply human space at the heart of Pontypool.

We are proud of what we’ve built — and excited for what comes next.

Sharon Full Gospel Church Balance Sheet 2024

Summary Page

Asset Summary

Capital

Building & Lands £785,569.00 (Insured Value)

Contents £77,941.00 (Insured Value)

Total Capital: £863,510

Investments Nil

Cash

All Cash Balances as of 31/12/2024: £37,436.03

Bank Account Activity Summary

Account Equals Money: Church Current
Account (1066)
LM35 Savings
Account
Hope for the
Community
Current Account
(0638)
Totals
Opening
Balance
£42.38 £23,238.37 £6,022.63 nil £29,303.38
Total In £4500 (by XFR) £119,948.21 £194.09
(interest)
£2426.00 £122,568.30
Total Out £4355.78 £112,673.25
(includes 3550
XFR to EQUALS)
nil £1906.62
(includes £950
XFR to EQUALS)
£114,435.65
Closing
Balance
£186.60 £30,513.33 £6,216.72 £519.38 £37,436.03

Amounts Agreed with Funders to either: a) be Transferred from restricted to general funds during year per grant or b) be used for general expenses such as heat/light/repair:

TNL People & Places Medium £16,792.00 (June 24-June 25, move half £8,396 in 2024, half in 2025) TCBC Social Enterprise Grant £17,475.59 TCBC Community Resilience Grant £1,296.25 TCBC Food4Growth Grants £1,620.00 TVA Grants £1,750.00

Total = £30,537.84 TRANSFER FROM RESTRICTED TO GENERAL IN 2024

End of 2024 the balances after transfers were worked out as follows:

General Fund: £26,165.14

Childrens: -£4,047.19 (subsidised by general fund)

Chaplaincy: £3,406.75

Hope for the Community: = £9,036.33

Help2Heat = £2,875

Income 2024 (£)

General Fund

General Fund
Gift Aided DD Donations 10,069.00
Gift Aid Claimed (2 years) 8,410.89
Cash Oferings 6,772.54
Benefact Trust Grant 3,500.00
Refunds 262.55
Church Rental 160.00
Interest on LM35 Savings 194.09
Other Revenue 47.84
Total General Fund Income 29,416.91
Restricted Funds
Children’s Dept
Rehoboth Trust (Childrens Pastor) 2,400.00
Total Childrens Dept Income 2,400.00
Chaplaincy
Dorcas Trust (Chaplain Salary) 2,500.00
Goshen Trus t (Chaplain Salary) 2,500.00
Total Chaplaincy Income 5,000.00
Help2Heat
Community Foundation Grant 5,000.00
Total Help2Heat Income 5,000.00
Hope for the Community
TNL People & Places Medium t 33,366.50
TCBC Social Enterprise Grant 16,744.00
TCBC Community Resilience Grant 8,348.00
TCBC Food4Growth Grants 6,220.57
TCBC Levelling Up Grant 6,202.00
TCBC Food Support Grant 2,795.11
TVA Grants 1,750.00
Food Sales 5,139.56
Melin Homes Grant 185.65

Total Hope Income Gross Total Income 2024

80,751.39 122,568.30

Expenses 2024 (£)

General Expenses

General Expenses
Audit & Accountancy fees 1,149.00
Cleaning Items 140.96
Consulting 4,794.00
Cleaner Wages 1,355.00
Insurance 1,054.98
IT & Consumables 129.91
Legal Expenses 1,153.20
Light, Power, Heating 3,984.95
Printing & Stationery 74.63
Recruitment 270.27
Repairs & Maintenance 15,809.37
Pastor’s Salary 19,110.00
Subscriptions 795.83
Telephone & Internet 380.19
Water rates 271.56
Miscellaneous 598.93
Licenses 458.72
Ministry & Missions 1,617.04
Waste Management 350.06
Fire Safety 465.80
Total General Expenses 53,964.40
Restricted Funds
Children’s Dept
Childrens Pastor Salary 3,724.03
Activities/Crafts 1,407.21
Total Childrens Dept Expenses 5,131.24

Chaplaincy

Chaplain Salary 2,359.00
Total Chaplaincy Expenses 2,359.00
Help2Heat
Fuel Top-Up Grants 2,125.00
Total Help2Heat Expenses 2,125.00
Hope for the Community
Hope Food (1066) 9830.70
Hope Misc (1066) 1300.68
Hope Casual Work 560.56
Salary – Cook 3,013.53
Salary – Kitchen Asst 2,570.98
Salary – Comm Outreach Worker 12,161.98
Salary – Project Manager 11,058.05
Grocery Store Costs 2,273.08
Hope Training 119.80
Hope Volunteer Expenses 634.70
Winter Warmth Packs 630.00
Hope Advertising 3,684.89
Hope Equipment 1,223.56
Grocery Store Capital 912.60
Hope – Welsh Translation 66.00
TCBC Com Res Underspend 814.90
Total Hope Expenses 50,856.01
Total Expenses 2024 114,435.65

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

SHARON FULL GOSPEL CHURCH

YEAR ENDED 31ST DECEMBER 2024

The report relates to financial statements set out on page 1 & 2

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view, and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention to indicate that:

(1) Accounts have not been kept in accordance with section 386 of the Companies Act 2006

(2) The accounts do not accord with such records.

(3) Where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS 102)

(4) Any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.

Susan Lewis FCCA 106a Commercial Street Risca Newport. NP11 6EE

Date: 15th August 2025

Sharon Full Gospel Church NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

ACCOUNTING POLICIES

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.

Accounting Convention

The financial statements have been prepared under the historical cost convention. In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice Accounting and Reporting by Charities (revised 2005) and the Charities Act 1993.

Incoming Resources

Income is received by way of grants, donations and gifts and is included in incoming resources.

Resources Expended

Resources expended are included in the Profit and Loss on an accruals basis, inclusive of any Value Added Tax which cannot be recovered.

Taxation

As a registered charity the organisation benefits from rates relief and is generally exempt from Income Tax and Capital Gains Tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates

Fund Accounting