The Church Council of Clyde Street Pentecostal Church Risca
Trustees Annual Report
For the year ended 31[st] March 2024
Aims and Purposes
The church council has the responsibility of promoting in Risca and the surrounding area, the whole mission of the church, pastoral, evangelistic, social, and ecumenical. The council is also responsible for maintaining church premises.
Objectves and Actvites
The church council is committed to enabling as many people as possible to worship at our church, and to become part of our fellowship. When planning our activities, the council has considered the Charity Commission’s guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. Our services and worship put faith into practice through music, prayer, and scripture. We try to enable people to live out their faith as part of our fellowship, through:
-
Worship and prayer; learning about the Gospel, and developing their knowledge and trust in Jesus.
-
Provision of pastoral care for the fellowship.
-
Mission and outreach work.
Achievement and Performance
The church is keen to offer a range of services not only on Sundays, but throughout the week. The aim will be to support the community in ways that will be both beneficial and spiritually fulfilling. The church engages for the help of visiting minister to assist with this work.
Financial Review
Total receipts in the unrestricted fund were £25,029 (2023 £28,352) and payments totalled £19,790 (2023 £24,717) producing a surplus of £5,239 ( 2023 £3,635). The church wishes to express sincere thanks to members and donors for their consistent support for the charity.
The church council considers that the present reserves are adequate to sustain the ongoing requirements of the charity for the foreseeable future
Covid 19 still affects certain aspects of the church’s operation which may affect the income of the church going forward. However the charity has adequate liquid reserves to overcome any difficulties the epidemic might inflict.
The independent examiner is Mr D Sherrington, Sherrington & Co, Chartered Accountants, 16 Gold Tops, Newport NP20 4PH
Page 2
Reserves Policy
The church council has resolved to maintain a balance on the general unrestricted fund that equates to at least three month’s unrestricted payments.
Volunteers
The members of the church council would like to thank all the volunteers who work so tirelessly to make our church a lively and vibrant community.
Structure Governance and Management
The church is a charitable trust registered with the Charity Commission. Registered number 1050643.
The method of appointment of church council members (trustees) is set out in the governing documents. Essentially it is by invitation of the council. The church council members are responsible for making decisions on all matters of general concern and importance to the fellowship, and for all financial matters. The full council endeavours to meet quarterly (more often if required).
Bank Account and Charites Commission
Approximately two and a half year's ago the bank was contacted to change the signatories as David Moss had been diagnosed with dimentia. Due to the fact that the bank told us that we had the incorrect accounts (bearing in mind we have been with them for over 20 years) we had to change the bank accounts (with the same bank). This took approximately two and a half years. In order to ensure that strict criteria was adhered to we had to engage some new Trustees and the Charirities Commission information has been updated. New bank accounts are now fully operational. I confirm the current Trustees are:
-
Robert Hood
-
Malcolm Brown
-
Nesta Young
-
Francis Drake
-
Christine Webber
Administratve Informaton
The fellowship continued to use the building at Clyde Street, Risca, Gwent.NP11 6BG as a place of meeting during the year to 31[st] March 2024, which is valued at a price of £200,000 and is reflected in the Statement of Assets.
Church Council Members
It is with sadness that we have to report that last August John Church passed and Brother David Moss passed away earlier this year. Currently the Council Members are:
Mr M Brown Mrs N Young Mr R Hood Mr F Drake Mr L Howarth (Due to ill-heath Mr Howard is unable to attend church but still classed as a important member of the oversight – as an advisor).
Approved by the church council on 30[th] November 2023 and signed on its behalf by:
Nesta Young
…………………………………………………. Mrs N Young
INDEX CLYDE STREET PENTECOSTAL CHURCH RISCA
A REGISTERED CHARITY NUMBER : 1050643
ADDRESS :
Clyde Street, Risca, Newport, Gwent. NP11 6BG
GOVERNING DOCUMENT
The charity's governing document was approved by the Charity Commission in 1993
INDEX TO ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2023
Page
Description
1 Independent Examiner's Report 2 Statement of assets and Liabilities 3 Receipts and Payments Accounts 4 to 7 Notes to the Accounts Trustees' Report
INDEPENDENT EXAMINER
The independent examiner is Mr J Forward. P&C Church Accountants Cleave Leat, Broadstone, Chepstow, Monmouthshire NP16 6ND
CHARITY'S BANKERS Barclays Bank Risca Gwent
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLYDE STREET PENTECOSTAL CHURCH RISCA
A registered charity number : 1050643 FOR THE YEAR ENDED 31st MARCH 2023
The report relates to financial statements set out from page 2 to 7.
Respective responsibilities of trustees and examiner
As the charity trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state , on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether particular matters have come to my attention.
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 I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination , no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in any material respect the requirements
(a) to keep accounting records in accordance with section 41 of the Act; and
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr J A Forward P&C Church Accountants Cleave Leat, Broadstone, Chepstow Momouthshire NP16 6ND
Date 30th November 2023
The notes form an integral part of these accounts.
Page 1
CLYDE STREET PENTECOSTAL CHURCH RISCA
STATEMENT OF ASSETS AND LIABILITIES 31st MARCH 2023
| Notes | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| £ | £ | £ | £ | |||
| TANGIBLE ASSETS | ||||||
| Land & Building | 200,000 | 200,000 | 50,000 | |||
| Fixtures and Fittings | 8,000 | 8,000 | 8,000 | |||
| Instruments and audio Equipment | 1,000 | 1,000 | 1,000 | |||
| Office Equipment | 400 | 400 | 400 | |||
| Motor Vehicle | 0 | 7,000 | ||||
| 209,400 | 0 | 209,400 | 66,400 | |||
| Cash at Bank | 245,737 | 245,737 | 242,102 | |||
| Cash in Hand | 0 | |||||
| 0 | ||||||
| 245,737 | 0 | 245,737 | 242,102 | |||
| TOTAL ASSETS | 455,137 | 455,137 | 308,502 | |||
| CURRENT LIABILITIES -Amounts | ||||||
| falling due within one year | 450 | 450 | 950 | |||
| 0 | ||||||
| 0 | ||||||
| 0 | ||||||
| TOTAL LIABILITIES | 450 | 0 | 450 | 950 |
Approved by the Board of Trustees on (date) and signed on its behalf by :-
Chairman(1)______ Trustee (2)__________
Page 2
CLYDE STREET PENTECOSTAL CHURCH RISCA RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2023
| RECEIPTS Voluntary Income Activities Income Investment Income Other Income - Sale of Minibus Total Receipts PAYMENTS Education & Training Community Fellowship Gifts Property Management and Administration Other Expenditure |
Notes 3 4 5 7 8 9 10 11 |
Unrestricted Funds 2023 £ 22,861 0 491 5,000 |
Unrestricted Funds 2023 £ 22,861 0 491 5,000 |
Restricted Funds 2023 £ 0 0 0 0 0 0 0 0 0 |
Total Funds 2023 £ 22,861 0 491 5,000 |
Total Funds 2022 £ 31,972 0 22 |
||
|---|---|---|---|---|---|---|---|---|
| 28,352 | 28,352 | 31,994 | ||||||
| 8,715 1,533 8,106 4,620 1,743 |
8,715 1,533 8,106 4,620 1,743 |
4,515 501 7,236 6,143 794 |
| Total Payments Net Cash Movement for year Cash Balances brought forward 3 Cash Balances carried forward |
24,717 | 0 0 £0 |
24,717 19,189 3,635 12,805 242,102 229,297 £245,737 £242,102 |
|---|---|---|---|
| 3,635 242,102 |
|||
| £245,737 |
Page 3
CLYDE STREET PENTECOSTAL CHURCH RISCA
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2023
ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.
These accounts have been prepared on a receipts and payments basis in accordance with the Charities act 2011.
Payments to Trustees and Volunteers
The trustees receive no remuneration, direct, or indirect benefits from the charity arising from their duties as trustees.
Out of pocket expenses that have been necessarily incurred in pursuit of the charity's objects were reimbursed to volunteers and trustees.
One trustee received a salary for the provision of pastoral services of £ ( £.)
One trustee received out of pocket expenses for the provision of hospitality and transport of £ ( £.)
Tangible Assets
The trustees value the charity's assets as set out in the Statement of Assets and Liabilities. The assets are adequately maintained and insured by the trustees.
Funds
The charity has no restricted funds
Page 4
CLYDE STREET PENTECOSTAL CHURCH RISCA
NOTE 3 VOLUNTARY INCOME
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Offerings, Collections, Donations Gifts Bequest Tax Refunds 0 |
22,861 0 0 0 |
0 0 0 |
22,861 0 0 0 |
21,682 10,290 |
| 22,861 | 0 | 22,861 | 31,972 | |
| NOTE 4 INCOME FROM ACTIVITIES | ||||
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
| Donations from materials distributed Hire of Building Fellowship Recreation Trip |
0 0 0 0 |
0 0 0 0 |
||
| TOTAL | £0 | £0 | £0 | £0 |
Page 5
CLYDE STREET PENTECOSTAL CHURCH RISCA
NOTE 5 INVESTMENT INCOME
Investment income was derived from surplus funds being placed on short term deposit with the bank.
NOTE 6 OTHER INCOME
Sale of Minibus.
NOTE 7 EXPENDITURE EDUCATION AND TRAINING
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Training and Teaching Visiting Speakers Teaching Resources Ministry Resources Bibles/ Books/Magazines Publicity/Outreach Other |
6,380 1,410 300 625 0 0 0 |
6,380 1,410 300 625 0 0 0 |
2,280 1,280 339 616 |
|
| TOTAL | £8,715 | £0 | £8,715 | £4,515 |
NOTE 8 EXPENDITURE COMMUNITY FELLOWSHIP
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Transport Catering Café Fellowship Support Fellowship Recreation Other |
1,017 205 200 111 0 0 |
1,017 205 200 111 0 0 |
501 | |
| TOTAL | £1,533 | £0 | £1,533 | £501 |
Page 6
CLYDE STREET PENTECOSTAL CHURCH RISCA
NOTE 9 EXPENDITURE GIFTS
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Overseas Needy Organisations UK Missions Other |
2,216 390 5,500 0 0 |
0 0 0 0 0 |
2,216 390 5,500 0 0 0 |
466 150 1,100 5,520 |
| TOTAL | £8,106 | £0 | £8,106 | £7,236 |
NOTE 10 EXPENDITURE SUPPORT COSTS - PROPERTY
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Rent Repairs Cleaning Electricity Gas Ins./Water Other |
0 1,138 0 541 1,274 1,668 0 |
0 1,138 0 541 1,274 1,668 0 |
1,415 1,931 541 818 1,438 |
|
| TOTAL | £4,620 | £0 | £4,620 | £6,143 |
NOTE 11 EXPENDITURE MANAGEMENT AND ADMINISTRATION
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Postage/Stat Telephone Subs/Licences Office Equipment Computer Costs Professional Fees Bank Charges Other |
0 585 0 0 18 1,140 0 0 |
0 585 0 0 18 1,140 0 0 |
794 | |
| TOTAL | £1,743 | £0 | £1,743 | £794 |
Page 7
INDEX CLYDE STREET PENTECOSTAL CHURCH RISCA
A REGISTERED CHARITY NUMBER : 1050643
ADDRESS :
Clyde Street, Risca, Newport, Gwent. NP11 6BG
GOVERNING DOCUMENT
The charity's governing document was approved by the Charity Commission in 1993
INDEX TO ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2023
Page
Description
1 Independent Examiner's Report 2 Statement of assets and Liabilities 3 Receipts and Payments Accounts 4 to 7 Notes to the Accounts Trustees' Report
INDEPENDENT EXAMINER
The independent examiner is Mr J Forward. P&C Church Accountants Cleave Leat, Broadstone, Chepstow, Monmouthshire NP16 6ND
CHARITY'S BANKERS Barclays Bank Risca Gwent
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLYDE STREET PENTECOSTAL CHURCH RISCA
A registered charity number : 1050643 FOR THE YEAR ENDED 31st MARCH 2023
The report relates to financial statements set out from page 2 to 7.
Respective responsibilities of trustees and examiner
As the charity trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state , on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether particular matters have come to my attention.
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 I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination , no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in any material respect the requirements
(a) to keep accounting records in accordance with section 41 of the Act; and
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr J A Forward P&C Church Accountants Cleave Leat, Broadstone, Chepstow Momouthshire NP16 6ND
Date 30th November 2023
The notes form an integral part of these accounts.
Page 1
CLYDE STREET PENTECOSTAL CHURCH RISCA
STATEMENT OF ASSETS AND LIABILITIES 31st MARCH 2023
| Notes | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| £ | £ | £ | £ | |||
| TANGIBLE ASSETS | ||||||
| Land & Building | 200,000 | 200,000 | 50,000 | |||
| Fixtures and Fittings | 8,000 | 8,000 | 8,000 | |||
| Instruments and audio Equipment | 1,000 | 1,000 | 1,000 | |||
| Office Equipment | 400 | 400 | 400 | |||
| Motor Vehicle | 0 | 7,000 | ||||
| 209,400 | 0 | 209,400 | 66,400 | |||
| Cash at Bank | 245,737 | 245,737 | 242,102 | |||
| Cash in Hand | 0 | |||||
| 0 | ||||||
| 245,737 | 0 | 245,737 | 242,102 | |||
| TOTAL ASSETS | 455,137 | 455,137 | 308,502 | |||
| CURRENT LIABILITIES -Amounts | ||||||
| falling due within one year | 450 | 450 | 950 | |||
| 0 | ||||||
| 0 | ||||||
| 0 | ||||||
| TOTAL LIABILITIES | 450 | 0 | 450 | 950 |
Approved by the Board of Trustees on (date) and signed on its behalf by :-
Chairman(1)______ Trustee (2)__________
Page 2
CLYDE STREET PENTECOSTAL CHURCH RISCA RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2023
| RECEIPTS Voluntary Income Activities Income Investment Income Other Income - Sale of Minibus Total Receipts PAYMENTS Education & Training Community Fellowship Gifts Property Management and Administration Other Expenditure |
Notes 3 4 5 7 8 9 10 11 |
Unrestricted Funds 2023 £ 22,861 0 491 5,000 |
Unrestricted Funds 2023 £ 22,861 0 491 5,000 |
Restricted Funds 2023 £ 0 0 0 0 0 0 0 0 0 |
Total Funds 2023 £ 22,861 0 491 5,000 |
Total Funds 2022 £ 31,972 0 22 |
||
|---|---|---|---|---|---|---|---|---|
| 28,352 | 28,352 | 31,994 | ||||||
| 8,715 1,533 8,106 4,620 1,743 |
8,715 1,533 8,106 4,620 1,743 |
4,515 501 7,236 6,143 794 |
| Total Payments Net Cash Movement for year Cash Balances brought forward 3 Cash Balances carried forward |
24,717 | 0 0 £0 |
24,717 19,189 3,635 12,805 242,102 229,297 £245,737 £242,102 |
|---|---|---|---|
| 3,635 242,102 |
|||
| £245,737 |
Page 3
CLYDE STREET PENTECOSTAL CHURCH RISCA
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2023
ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.
These accounts have been prepared on a receipts and payments basis in accordance with the Charities act 2011.
Payments to Trustees and Volunteers
The trustees receive no remuneration, direct, or indirect benefits from the charity arising from their duties as trustees.
Out of pocket expenses that have been necessarily incurred in pursuit of the charity's objects were reimbursed to volunteers and trustees.
One trustee received a salary for the provision of pastoral services of £ ( £.)
One trustee received out of pocket expenses for the provision of hospitality and transport of £ ( £.)
Tangible Assets
The trustees value the charity's assets as set out in the Statement of Assets and Liabilities. The assets are adequately maintained and insured by the trustees.
Funds
The charity has no restricted funds
Page 4
CLYDE STREET PENTECOSTAL CHURCH RISCA
NOTE 3 VOLUNTARY INCOME
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Offerings, Collections, Donations Gifts Bequest Tax Refunds 0 |
22,861 0 0 0 |
0 0 0 |
22,861 0 0 0 |
21,682 10,290 |
| 22,861 | 0 | 22,861 | 31,972 | |
| NOTE 4 INCOME FROM ACTIVITIES | ||||
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
| Donations from materials distributed Hire of Building Fellowship Recreation Trip |
0 0 0 0 |
0 0 0 0 |
||
| TOTAL | £0 | £0 | £0 | £0 |
Page 5
CLYDE STREET PENTECOSTAL CHURCH RISCA
NOTE 5 INVESTMENT INCOME
Investment income was derived from surplus funds being placed on short term deposit with the bank.
NOTE 6 OTHER INCOME
Sale of Minibus.
NOTE 7 EXPENDITURE EDUCATION AND TRAINING
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Training and Teaching Visiting Speakers Teaching Resources Ministry Resources Bibles/ Books/Magazines Publicity/Outreach Other |
6,380 1,410 300 625 0 0 0 |
6,380 1,410 300 625 0 0 0 |
2,280 1,280 339 616 |
|
| TOTAL | £8,715 | £0 | £8,715 | £4,515 |
NOTE 8 EXPENDITURE COMMUNITY FELLOWSHIP
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Transport Catering Café Fellowship Support Fellowship Recreation Other |
1,017 205 200 111 0 0 |
1,017 205 200 111 0 0 |
501 | |
| TOTAL | £1,533 | £0 | £1,533 | £501 |
Page 6
CLYDE STREET PENTECOSTAL CHURCH RISCA
NOTE 9 EXPENDITURE GIFTS
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Overseas Needy Organisations UK Missions Other |
2,216 390 5,500 0 0 |
0 0 0 0 0 |
2,216 390 5,500 0 0 0 |
466 150 1,100 5,520 |
| TOTAL | £8,106 | £0 | £8,106 | £7,236 |
NOTE 10 EXPENDITURE SUPPORT COSTS - PROPERTY
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Rent Repairs Cleaning Electricity Gas Ins./Water Other |
0 1,138 0 541 1,274 1,668 0 |
0 1,138 0 541 1,274 1,668 0 |
1,415 1,931 541 818 1,438 |
|
| TOTAL | £4,620 | £0 | £4,620 | £6,143 |
NOTE 11 EXPENDITURE MANAGEMENT AND ADMINISTRATION
| Unrestricted 2023 £ |
Restricted 2023 £ |
TOTAL 2023 £ |
TOTAL 2022 £ |
|
|---|---|---|---|---|
| Postage/Stat Telephone Subs/Licences Office Equipment Computer Costs Professional Fees Bank Charges Other |
0 585 0 0 18 1,140 0 0 |
0 585 0 0 18 1,140 0 0 |
794 | |
| TOTAL | £1,743 | £0 | £1,743 | £794 |
Page 7