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