## _**Oaklands Church**_
## **Trustees’ Annual Report for the Period to 31st March 2023**
Oaklands Church (an unincorporated association), 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)|
|Treasurer|-|Mr Christopher Pavett||
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 26
- River of Life Church had an average attendance of 45 (with a max of 60)
- • Cribarth Community Church had an average attendance of 35
During this period, we met as a ‘family’ of churches (as Oaklands Church) on a monthly basis.
Restrictions did delay how quickly other church activities resumed. The following is noted:
- Tuesday Club (for over 55s) met at the beginning of the period in question once a month, but began (and continues) to meet once a fortnight, with an average attendance of 15-20 people.
- Little Buds (formerly Mums’n’Tots) met every Friday morning with an average attendance of about 10 adults & 10 children.
- Our youth resumed meeting every Friday night, and enjoys an average attendance of about 15.
- YoYo (for primary school aged children) resumed meeting every Friday evening, with an average attendance of about 16 (though some weeks have seen numbers in the high 20s.
As at 31[st] March 2023, the total membership of the charity was 54 individuals.
During the course of the year ministers of the church officiated at:
- 2 funerals (September 2022 & February 2023)
- 2 infant dedications (November 2022)
## **The Mission Shop**
Though interrupted by occasional COVID-related restrictions, the charity shop was able to open as and when such restrictions allowed. That said, income suffered a little due to lack of volunteers and ill-health. The shop managed to achieve an income for the financial year of £10,316
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)
- Cleaners: Miss Cerys Jones (Oaklands) & Sian Harper (Hope Church)
## **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 £146,351.
Cash Reserves at the end of the year were £78,233 which included a balance of £2,031 in relation to the building projects. The available reserves equate to approximately 6 months operational costs.
Payments to Kingdom Bank in respect of the mortgage against Hope Church (Garnant) & 9 Commercial Street (Ystradgynlais) during the year totalled £12,754 of which £3,607 was capital repaid (the balance being interest).
## **Conclusion**
The charity continues to develop and promote itself in the region, and 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 2024 For and on behalf of the Management Committee
**OAKLANDS CHURCH - FINANCIAL SUMMARY YEAR ENDING 31ST MARCH 2023**
_**2023**_
_**2022**_
## **INCOME AND EXPENDITURE STATEMENT**
## **INCOME**
|**INCOME**|||
|---|---|---|
|Offerings
Covenant Receipts
HMRC Gift Aid
Donations
Subs, etc.
Sales of tuck, books, CD's etc.
Rental & Sundry Income
Secondment of staff to associated ministry
External Ministry
**_Total Income -_**
**EXPENDITURE**
Salaries - Ministry
Wages - Cleaning
ER's Pension
ER's NIC
Missionary Support
Travel Expenses
Accommodation, meals, allowances
Ministry Gifts
Goods for resale
Community Gifts
Bulletins, flyers, books, banners
Electricity
Gas
Water
Telephone
Insurances
Licenses & Affiliation fees
Bank Charges & Interest (Mortgage)
Accountancy Support
Resources, training & equipment
Premises rental / hire
Building maintenance & repairs
Security
Printing, Postage, Stationery, etc
IT & Web etc.
Cleaning Materials & Refuse collection
Council Tax
General Expenses
**_Total Expenses -_**|32,916
70,320
13,997
15,992
235
545
4,200
5,280
2,866
**146,351**
72,404
2,077
1,634
829
5,557
4,552
7,264
5,877
369
2,823
523
3,994
355
352
1,013
2,944
254
11,030
3,168
2,785
2,790
22,426
146
218
86
1,187
0
1,771
**158,429**|23,053
85,280
20,126
11,756
89
7,692
0
13,066
0|
|||**161,062**
66,963
0
1,563
939
7,282
993
1,154
1,510
370
1,148
0
3,379
8,575
436
769
1,645
522
7,784
3,168
1,282
1,000
3,958
102
59
2,580
1,086
0
3,217|
|||**121,484**|
|**_Net Income before depreciation -_**|**(12,079)**|**39,578**|
|Depreciation
**_Net Income -_**|0
**(12,079)**|21,088|
|||**18,490**|
**OAKLANDS CHURCH - FINANCIAL SUMMARY YEAR ENDING 31ST MARCH 2023**
_**2023**_
_**2022**_
## **BALANCE SHEET**
|**Fixed Assets**
**Land & Buildings**
_Unit 19 Ynyscedwyn Industrial Estate_
_Mission Shop and Flat_
_Hope Church Garnant_
**Other Fixed Assets**
Fixtures and Fittings
Computers and Equipment
**Total Fixed Assets**
**Long Term Liabilities**
Mortgage - Kingdom Bank
**Total Long Term Liabilities**
**EQUITY IN PROPERTY**
**Current Assets**
Cash at Bank
Cash Float
Debtors
Recoverable Gift Aid
**Total Current Assets**
**Current Liabilities**
Creditors
Designated Income to be paid out
Payroll Taxes Payable
Other Creditors
Pensions Payable
Wages Payable
**Total Current Liabilities**
**Net Current Assets**
**NET ASSETS**
**RESERVES**
Reserves brought forward
Current years earnings
Revaluation Reserve
Restricted Funds
**TOTAL CAPITAL AND RESERVES**|290,000
**290,000**
133,878
**133,878**
**156,122**
78,136
97
9,132
3,684
**91,050**
495
50
3,605
105
530
0
**4,785**
**86,265**
**242,386**
134,465
(12,079)
120,000
0
**242,386**|290,000|
|---|---|---|
|||**290,000**
135,633|
|||**135,633**|
|||**154,367**|
|||92,734
404
9,573
3,102|
|||**105,814**
352
175
4,746
101
342
0|
|||**5,716**|
|||**100,098**|
||||
|||**254,465**|
|||116,005
18,490
120,000
0|
|||**254,495**|
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees** Charity Name Oaklands Church **On accounts for the year** 31[st] March 2023 **Charity no** 1065893 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets)
**Report to the trustees**
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023.
**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's 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 accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form 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 accounts to be reached.
**Signed: Date:** 27/01/2024 **Name:** Stephen Arthur Howell **Relevant professional** ICAEW - ACA **qualification(s) or body (if any): Address:** 11 Gelli’r Haidd Tonyrefail CF39 8AP
**Oct 2018**
**IER**
1
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**Oct 2018**
**IER**
2