## _**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: - Hope Church had an average attendance of 24 (with a max of 33) - River of Life Church had an average attendance of 26 (with a max of 34) - 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: - Tuesday Club (for our over 55s) - Mums’n’Tots - Oaklands Youth - 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: - Pastor A P Yeoman, Senior Minister (full-time, and also chair of trustees) - Pastor R Steadman, Associate Minister (part-time [1 day per week], and also a trustee) - Mrs H W Yeoman, Pastoral Team (part-time [2 days per week] and also spouse of Pastor A P Yeoman) - 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_**| |---|---|---|---|---|---| 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**| |---|---|---| 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_**| |---|---|---| 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**| |---|---| 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 aCcOrda￿e 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