## **Oaklands Church – Trustees Annual Report** **the year ended** ## **31 March 2024.** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1065893 Principal O�ice** Oaklands Church Unit 19, Ynyscedwyn Industrial Estate Ystradgynlais Swansea SA9 1DT ## **Trustees** The following trustees served during the year: Richard Steadman Christopher Pavett Owen David Clay Barnabas Samuel Harper Matthew Rees Andrew Peter Yeoman Ceirion Harries Andrew Gri�iths ## **Accountants** ClearWay Accounting 167-169 Great Portland St. London W1W 5PF ## **OBJECTIVES AND ACTIVITIES** To advance the Christian Faith in such ways and in such parts of the United Kingdom or the World as the Church Council may think fit. provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the World as the Church Council from time To advance education in such ways and in such parts of the United Kingdom or the World as the Church Council from time to time may think fit. ## **ACHIEVEMENTS AND PERFORMANCE** constitution and is in a position to continue to do so. ## statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Signed of behalf of the trustees: Christopher Pavett Christopher Pavett (Jan 30, 2025 22:52 GMT) Christopher Pavett Trustee **OAKLANDS CHURCH - FINANCIAL SUMMARY YEAR ENDING 31ST MARCH 2024** _**Total**_ _**Prior Year**_ _**Variance**_ ## **INCOME STATEMENT (BALANCE SHEET BELOW)** |**INCOME**
Offerings
Covenant Receipts
HMRC Gift Aid
Donations
Subs, etc.
Sales of tuck, books, CD's etc.
External Ministry
Rental & Sundry Income
Secondment of staff to associated 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 Cash Expenses -_**
**_Cash Net Income -_**
Depreciation
**_Net Income -_**|39,585
61,200
0
7,515
1,421
10,151
0
5,010
14,360
**139,243**
84,176
4,721
2,465
2,532
5,400
10,510
3,894
7,576
251
1,415
636
2,628
(653)
486
2,044
2,256
549
11,687
4,288
1,426
6,134
4,847
114
124
67
1,245
0
1,478
**162,295**
**(23,052)**
0
**(23,052)**|32,916
70,320
13,997
15,992
235
545
2,866
4,200
5,280
**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**
**(12,079)**
**(12,079)**|_6,669_
_(9,120)_
_(13,997)_
_(8,477)_
_1,186_
_9,606_
_(2,866)_
_810_
_9,080_
**(7,108)**
_11,772_
_2,644_
_831_
_1,703_
_(157)_
_5,958_
_(3,371)_
_1,700_
_(118)_
_(1,408)_
_113_
_(1,366)_
_(1,009)_
_134_
_1,031_
_(689)_
_295_
_657_
_1,120_
_(1,359)_
_3,344_
_(17,578)_
_(32)_
_(94)_
_(19)_
_58_
_0_
_(294)_
**3,866**
**(10,974)**
**(10,974)**| |---|---|---|---| **OAKLANDS CHURCH - FINANCIAL SUMMARY YEAR ENDING 31ST MARCH 2024** _**Total**_ _**Prior Year**_ _**Variance**_ ## **BALANCE SHEET** |**Fixed Assets**
**Land & Buildings**
**Total Fixed Assets**
**Long Term Liabilities**
Mortgage - Kingdom Bank
**Total Long Term Liabilities**
**EQUITY IN PROPERTY**
**Current Assets**
Cash at Bank - Oaklands
Cash at Bank - Fairfield
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**
131,674
**131,674**
**158,326**
51,679
17,571
97
(235)
**69,112**
1,464
570
5,220
105
746
0
**8,104**
**61,007**
**219,333**
122,386
(23,052)
120,000
0
**219,334**|290,000
**290,000**
133,878
**133,878**
**156,122**
69,488
8,648
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**|_0_
_(2,205)_
_2,205_
_(21,938)_
_3,319_
_(25,257)_
_(23,053)_
_(23,052)_| |---|---|---|---| Christopher Pavett Christopher Pavett (Jan 30, 2025 22:37 GMT) Trustee - signed on behalf of the trustees CHARITY COMMISSION FOR ENGLAND ANO 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 31" MARCH 2024 Charity no (if any) 1065893 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31103 12021. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the 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 (eth8Ft dis610￿￿ ") 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 wth the accounting records., or the accounts did not comply with the applicable requirements Con￿rning 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 Irue 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 conneGtion 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. Please delete the words in the brackets if they do not apply. Signed: Date: 2810112025 Name: Stephen Arthur Howell Relevant professional qualification(s) or body (il any): ICAEW- ACA Addre68: 11 Gelli'r Haidd, Tonyrefail, Rhondda Cynon Taff CF39 8AP IER Oct 2018