Oaklands Church
Trustees’ Annual Report for the Period to 31st March 2022
Oaklands Church (an unincorporated association) [whose name was changed by official resolution from ‘Swansea Valley Bible Church’ on 31[st] August 2021], Unit 19, Ynyscedwyn Enterprise Park, Ystradgynlais, Powys is registered with the Charity Commissioners (No. 1065893) and is constituted by Deed of Trust.
The charity is administered by a management committee, comprising:
| Chairman | - | Mr Andrew Yeoman | (Trustee) |
|---|---|---|---|
| - | Mr Ceirion Harries | (Trustee) | |
| Secretary | - | Mr Barnabas Harper | (Trustee) |
| - | Mr Richard Steadman | (Trustee) | |
| - | Mr Andrew Griffiths | (Trustee) | |
| - | Mr Matthew Rees | (Trustee) | |
| - | Mr Owen Clay | (Trustee) (as of Oct 2021) | |
| Treasurer | - | Mr Andrew Piddington |
The object of the charity remains the advancement of the Christian Faith by the proclamation and furtherance of the Gospel of God concerning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God (The Holy Bible) by the Church. Accordingly, such other charitable purposes, as shall further the attainment of the above object, shall be carried out including community aid and activities for the benefit of the local community.
Membership & Attendance
Though the hangover of restrictions related to COVID-19 remained with us during this period, our churches were mostly able to meet in their respective locations. There were odd occasions when attendance registers weren’t kept, but from the records kept, the following is noted:
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Hope Church had an average attendance of 24 (with a max of 33)
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River of Life Church had an average attendance of 26 (with a max of 34)
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Cribarth Community Church had an average attendance of 34 (with a max of 50)
During this period, we met as a ‘family’ of churches on a monthly basis. Our average attendance during those monthly meetings was 99 (with a max of 117).
Restrictions did delay how quickly other church activities resumed, and some such activities took some time to reorganise & reassemble. However, the following groups began to meet by the year end:
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Tuesday Club (for our over 55s)
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Mums’n’Tots
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Oaklands Youth
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YoYo
As at 31[st] March 2022, the total membership of the charity was 54 individuals.
During the year, ministers convened at one funeral (no weddings, baptisms or dedications).
The Mission Shop
Though interrupted by occasional COVID-related restrictions, the charity shop was able to open as and when such restrictions allowed. This enabled the shop to achieve an income for the financial year of £7,437.
The net proceeds of the shop are designated for missionary activities both within Wales, the rest of the UK and abroad. This year, a total of £7,272 of these funds were donated to both UK-based missionaries and overseas missions (£4,185 & £3,087 respectively).
In addition to the charity shop income, rental income of £4,200 was received in respect of the two bedroomed flat.
Charity Employees
Individuals employed by the charity during the year were:
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Pastor A P Yeoman, Senior Minister (full-time, and also chair of trustees)
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Pastor R Steadman, Associate Minister (part-time [1 day per week], and also a trustee)
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Mrs H W Yeoman, Pastoral Team (part-time [2 days per week] and also spouse of Pastor A P Yeoman)
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Cleaner: Miss Cerys Jones
Financial Summary
The charity is dependent on the financial commitment of members and other donations as the main source of income. Accordingly, total income for the year was £161,060 which included £10,610 designated funds in respect of the specific activities and projects.
Cash Reserves at the end of the year were £91,494 which included a balance of £2,017 in relation to the building projects. The available reserves equate to more than 9 months operational costs.
Payments to Kingdom Bank in respect of the mortgage against Hope Church (Garnant) & 9 Commercial Street (Ystradgynlais) during the year totalled £10,731, of which £2,947 was capital repaid (the balance being interest).
Conclusion
The charity continues to develop and promote itself in the region, and despite the setbacks of lockdown and consequent restrictions, it is the opinion of the Management Committee that the charity continues to operate upon a solid foundation on which to sustain a continued growth in accordance with its constitution.
Barnabas Harper Trustee & Charity Secretary 31[st] January 2023
For and on behalf of the Management Committee
OAKSLANDS CHURCH - FINANCIAL SUMMARY
1st April 2021 to 31st March 2022
| Offerings Covenant Receipts HMRC Gift Aid Donations Subscriptions, etc. Sales of tuck, books, CD's etc. Rental & Sundry Income Total Income - Salaries & Wages ER's Pension ER's NIC Missionary Support Travel Expenses Accomodation, meals, allowances Ministry Gifts Goods for resale Community Gifts Bulletins, flyers, books, banners Electricty Gas Water Telephone Insurances Licenses & Affiliation fees Bank Charges & Interest Accountancy support (inc Xero) Resources, Training & equipment Premises rental\hire Building maintenance & repairs Security Printing, Postage, Stationery, etc. IT & Web etc. Cleaning & Refuse collection Consumables Depreciation Charge Total Expense - Net Income(Expense) - |
SVBC Hope Church ROL Church Cribarth C Church KFSM SVBC Missions Charity Shop SVBC Tots Group 13,769 4,754 214 4,316 83,684 1,596 19,727 399 8,315 3,137 304 89 217 7,475 8,866 4,200 125,801 6,749 214 4,316 - 8,866 14,811 304 54,690 588 165 11,520 1,563 939 4,185 3,097 993 1,117 37 960 150 300 100 370 1,076 72 3,190 189 7,855 720 228 208 452 317 937 708 522 7,784 3,168 739 470 43 30 1,000 3,780 178 102 59 2,580 1,017 69 2,783 434 21,088 117,991 2,889 508 1,172 - 15,705 4,238 68 7,810 3,859 -294 3,144 0 -6,839 10,573 236 |
Total 23,052 85,280 20,126 11,755 89 7,691 13,066 161,060 66,963 1,563 939 7,282 993 1,154 1,510 370 1,148 - 3,379 8,575 435 768 1,645 522 7,784 3,168 1,283 1,000 3,958 102 59 2,580 1,086 3,217 21,088 142,572 18,489 |
Prior Year 19,210 48,822 11,266 15,455 - 2,516 14,300 111,569 49,480 1,293 - 5,250 296 165 3,572 - 486 38 811 2,286 275 552 1,977 540 8,153 3,168 266 - 1,419 - 25 - 847 783 - 81,683 29,886 |
Variance 3,842 36,458 8,860 3,700 - 89 5,176 1,234 - 49,491 17,483 - 271 - 939 - 2,032 - 698 - 989 - 2,062 370 - 662 - 38 2,568 - 6,289 - 161 - 216 - 332 18 369 - 1,017 - 1,000 - 2,538 - 102 - 34 - 2,580 - 238 - 2,434 - 21,088 - - 60,889 11,397 - |
SHINE-UK Building Fund - - 361 361 - -361 0 |
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Page One
MISSION SHOP STATEMENT - 31st March 2022
| 2020-21 | 2020-21 | 2019-20 | 2018-19 | 2017-18 | 2016-17 | 2015-16 | 2014-15 | 2013-14 | 2012-13 | 2011-12 | 2010-11 | 2009-10 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12 mths | 4 mths | 12 mths | 9 mths | 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | 14 mths | 12 mths | 12mths | ||
| Shop Income | 7,437 | 2,387 | 10,187 | 7,500 | 9,807 | 10,665 | 11,011 | 10,404 | 10,072 | 8,614 | 10,915 | 9,935 | 10,514 | 119,448 |
| Monthly average | 620 | 597 | 849 | 833 | 817 | 889 | 918 | 867 | 839 | 718 | 780 | 828 | 876 | 802 |
| Missions receipts | 3,137 | - | 40 | 118 | 618 | 3,213 | - | - | 7,125 | |||||
| Shop Rental | - | - | - | - | - | - | 2,793 | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 31,593 |
| Missions Funding | ||||||||||||||
| Overseas missions | 3,087 | - | 676 | 725 | 995 | 700 | 547 | 426 | 1,777 | 287 | 584 | 1,369 | 1,993 | 13,166 |
| Missionary Support | 4,185 | 5,250 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 28,635 | |||
| Missionary gifts | 80 | - | 1,000 | 565 | 580 | 900 | 950 | 250 | 1,345 | 5,670 | ||||
| Tent Missions | 1,085 | 3,613 | 4,698 | |||||||||||
| Missions Equipment | - | - | 495 | 808 | 1,150 | 1,200 | 3,653 | |||||||
| Pencoed | 1,970 | 556 | 1,057 | 3,583 | ||||||||||
| Kingdom Ablaze | 324 | 240 | 564 | |||||||||||
| SHINE | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 9,000 | ||||||
| Total Missions Funding | 7,272 | 5,250 | 5,076 | 5,125 | 5,475 | 5,100 | 4,947 | 4,971 | 5,565 | 4,737 | 8,317 | 2,499 | 4,636 | 68,969 |
| 98% | 220% | 50% | 68% | 56% | 48% | 45% | 48% | 55% | 55% | 76% | 25% | 44% | 58% |
Page Two
Oaklands Church -Balance Sheet as at 31st March 2022
| Fixed Assets Land & Buildings Fixtures & Fittings Computers & Equipment Total Fixed Assets Current Assets Debtors HMRC Gift Aid Other Prepayments Total Current Assets Bank & Cash Barclays Account Main Account Building Fund Shine Account Mums & Tots Other (includes petty cash & floats) Total Bank & Cash TOTAL ASSETS Current Liabilities Creditors HMRC (PAYE/NIC) Other Creditors & Accruals Kingdom Bank Mortgage TOTAL LIABILITIES NET ASSETS\LIABILITIES Reserves Current Year surplus\deficit Prior Years surplus\deficit Revaluation Reserve RESERVES |
31.03.2022 £ 290,000 - - 290,000 9,151 3,102 - 12,253 13,963 72,977 2,017 114 - 4,067 93,139 395,391 262 4,746 517 135,633 141,158 254,233 18,127 116,106 120,000 254,233 |
31.03.2021 £ 290,000 9,283 11,805 311,088 120 3,068 923 4,111 7,487 49,419 2,017 114 - 4,077 63,114 378,312 698 2,147 545 138,580 141,971 236,342 26,067 90,275 120,000 236,342 |
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Page Three
OAKLANDS CHURCH - BANK ACCOUNTS
as at 31st March 2022
| Name Bank Sort Code Account No. Old Main Account Barclays 20-58-72 70885383 SHINE Lloyds 30-93-53 03055563 Missions\Main Account Lloyds 30-93-53 00634317 Youth Account Barclays 20-58-72 YOYO Account Lloyds 30-93-53 01828921 Building Fund Lloyds 30-93-53 01924688 Other Accounts & Cash Total Funds Debtors HMRC - Gift Aid Creditors HMRC - PAYE HMRC - NIC Net Funds Excl. Building Fund |
Balance @ 31/03/2022 13,963 114 72,977 1,179 1,004 2,017 1,884 93,139 3,102 - 4,746 - - 91,494 89,476 |
Balance @ 31/03/2021 7,487 114 49,419 1,179 1,004 2,017 1,894 63,114 3,068 - 1,253 - 894 - 64,034 62,017 |
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Page Four
OAKLANDS CHURCH - BUILDING FUND STATEMENT as at 31st MARCH 2022
| Income: Balance to 31st March 2019 2019/20 Total Income - Capital Purchases: Computer Equipment (SVBC) Fixtures & fittings (SVBC) New chairs Lighting Rig Total Capital Purchases - Property Acquisition Costs: Deposit on Hope Church Surveys on three properties Mortgage admin fee Legal costs on Hope Church and Unit 19 Deposit on 9 Commercial Street Legal costs on 9 Commercial Street Total Acquisition Costs - Renovation Projects: Heating system (HC) New Roof (HC) UPVC Windows & Doors (HC) Building materials, etc. (HC) Charity Shop rennovation Total Renovation Costs - Balance as at 31st March 2022 = |
58,084 3,000 61,084 887 1,747 3,312 1,972 7,918 5,000 1,020 1,968 5,262 10,000 2,839 26,088 3,000 8,800 3,500 4,152 5,609 25,061 2,017 |
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Page Five
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of OAKLANDS CHURCH On accounts for the year ended 31sI MARCH 2022 Charity no (if any) 1065893 Set out on pages I report to the trustees on my examination of the accounts of tt)e above charity ("the Trust.) for the year ended 31103 12021. Responsibilities and basls of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Chartties Act 2011 (-the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)Ib) of the Act. Independent I have completed my examination. I confirm that no material matters have examinerfs statement come to my attention in connection with the examination ') which gives me cause to believe that in, any material respect: the accounting records were not kept in aCcOrdae with section 130 of the Charities Act.. or the accounts did not accx)rd wlth the accounting records; or the accounts did not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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 a¢o)unts to be reached. Please delete Ihe words in Ihe brackets if they do not 8ppty. Slgned: Dale: 31sI January 2023 Name: Christopher Pavett ACA Relevant professlonal qualification($) or body (If any): ICAEW Address: 6 High Street. Cwmgwrach, Neath, SA115SY IER Oct 2018