REGISTERED CHARITY NUMBER: 1071105 Report ot the Tru8tses and Unaudited Finan¢lal Statements for the Year Ended 30 Aprfl 2024 for Ebenezer Evangell¢al Church Haines Watts Wales LLP 7 Neptune Court Vanguard Way Cardiff CF24 5PJ
Ebenezor Evangell¢al Church Contsnts of the Flnancial Statements for the Year Ended 30 Aprll 2024 Page Report of the Trustees Independont Examinerfs Report Statement of Flnancial A¢tlvities Balance Sheet Notss to the Flnanclal Statements 8 to 12 Detailed Slatèrnent of Flnancial Activities 13
Ebenezer Evangollcal Church Report of the Trustees for the Year kneiidae- 30 April 2024 The truslees present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Chanties.. Statement of Recommended Practi applicable lo charities preparing their accounts iri •ccordance wrth the i inancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191 Objecllves and activities Objectives and aims The aims and ots'ectives are.. {a) To advancE the Christian faith in accordan with the Statement of Beliets in the County of Neath-Port Talbot and in other such parts of the United Kingdom or the world as the Trustees may from time to time think fit. Ib) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distres$ caused thereby in the said area and in other such parts of the United Kt'rKJdom or the worfd as the Trustees may from time to lime think fit. {cl To promote and fulfil such other charitable purposes beneficial lo the COTnmunity in the said area and in other such parts of the United Kingdom or the wortd as the Trustees may from time to time think fit. The charity reviews its aims, objective and activities each year, looking at what it achieved and the outcomes of its work in the previous 12 months. The review looks at the success of each key activity and helps ensu the aims, objectives and activities remain up lo date. The Charrty Commission's general guidance on public benefit has been referred to when reviewing aims and objects.ves in planning future activities to ensure they conform to that guidan. Page 1
Ebenezer Evangolical Church Report of th• Trustees for tb.e Year Ertsded 30 Apri 2024 Achievement and perfonmance Charitable activlties Introduction This year saw the fvll return to the normal pattern of activities and services in the church and, despite several people havin9 considerable health prob5ems, attendance generally has been good and broadly on an upward path. People The membership of one individual was terminated due to his long-tenn failure lo attend or correspond with the church, and it was known that he had been in attendance at another church in the area. The termination was made public at the AGM which took place after the period covered ty this report, but had been in hand well before, and rt was only delayed ecause of communication difficulties. Another member had moved to another church and had tended her resignation. One member. who had bn a long-term resident in a Ca home, moved lo a similar institution in Cardiff and remains a 'member living out of the area,. One regular attendee at the coffee mornings passed away during the year and the family requested that the funeral be held at Ebenezer. Accommodation Apart from the very start of the period covered by this report, a full programme of ServIS and activities has been followed. Most things have turned to nomal levels of attendance or trtter. We are constantly alert to the need to cater for the needs of individua15 and seek to n7inimise the effects of any inadequacies of the premises. One example of this has been the decision to hold prayer meetings and RBT {read the Bible together) in the main auditorium and in Ihe downstairs schoolroom on aernate months because people with hearing problems find the upstairs accoustics more amenable while some wth mobility problems find downstaits more aSSible4 Inevitably other issues have apPead as a re5uItI Meetlngs The Annual General Meeting was held on 29 June 23 The number required for a quorum was 18 and the attendance was 19. In the event no issues were raised which required a vole and the meeting was largely a report-giving opportunity. The trustees meetings and Pastor and Trustee meetings were conducted mainly al the chapel and covered a wide rangè of issues. Sunday seNices were mainly well-attended and despite the loss of members during the year the overall numbers have not diminished. Weekday and weeknight services all returned lo full 'normality at the chapel during the year. As indicated abovè, the arrangemenls for prayer meetings and RBT now seek lo cater for various pe(¥Jle's needs by alternating between upstairs and downstairs. The attendan at RBT meeb.ngs is , however, disappointing The ladies, group resumed meetings in the chapel during the year. There has been no resumption of regular meetings in an old people's home, but opportunities have been taken as they have arisen. The parent and toddler group resumed during the year, bul the toddlers have tsken some lime to ach previous numbers due to many of the earlier group having started school. The young people's work is now confined lo groups." 11 16 year olds and over 16s. This is due lo the fact that those from the younger groupl have now erther left or become of age for the 11 16 group. There have been no younger ones coming in though it is still our desire to see such ntacts developing. Other Activities The church aims to support the Nealh food bank by collecting contributions in the form of food and other necessities as well as cash, three times a year - al Christmas, Easter and Harvest. These ntributIOnS have been much appreciated. The church again published its own calendar with texts and views mainly of the locality and olFEr parts of South Wales. Over 2,000 of these were distnbuled before Christmas and the responses received have been very favourable. Misslonary Support The church continues to have conts¢t with 8 number of missionaries and missionary organisations and financial support for these has been ongoing throughout the year. Twelve such indiwduals and organisations are supported during the course of the year and each month a report is given on the 'mission of the month, and all are given an opportunity to donate to that parb'cular wort, adding to the gift the church makes. Page 2
Ebenezor Evangelical Church Report of the Trustees for tle Year Ended 30 April 2024 Financial revlew R¢serv05 policy The Statement of Financial Activitles shows a n81 deficit of £2,186 {2023'. £4,849 deficit). The charity had unstrICted incoming resour5 for the year of £65,120 12023.. £66,511) and nil restricted incoming resources. At the end of the financial year the level of unrestricted funds stood at £505,661 12023.. £507,847). It is the policy of the charity to work towards accumulating available reserves (unrestricted funds not committed or invested in tangible fixed assets) representing six months of expenditu, which has been valued lo a target of approximately £40,¢)00 At this level the trust8es consider that they could continue with the activities of the charty in the event of a sudden drop in fvnding. The available reserves are currently £44,60712023.' £48,162) which exceeds the current target. Stwctur•. governance and management Goveming do¢umont The Ebenezer Evangelical Church Nealh Abbey is an autonomous organisation wth its own church constitution and is a registered a charity, numtsr 1071105. Rècruitrnent and appointment of new trustses Thè trustees are appointed by the memters of the Annual General Meeting. Or9ani8atlonal structure The organisation is administered by trustees". Dr P L Davis Mr W D Christoph6r Dr P W Jones Mrs E Walters The trustees meet on 8 regular basis to manage its affairs. There is a0 an Annual General Meeting of Ebenezer Evangeli¢al Church's individual members. Induction and training of new trustee6 Trustees are offed initial training on the background to the organisation and their role in ils management. Rèference and administrative detalls Registered Charity number 1071105 Prlncipal address clo 7 Primrose Lane Rhos Pontardawe Swansea SA8 3ES TN8tees Dr P L Davis W O Christopher Dr P W Jones Mrs E Walters Independent Examiner Clive Ethards FCA Haines Watts Wales LLP 7 Neptune Court Vanguard Way Cardiff CF24 5PJ Page 3
Ebenezer Evangelical Church Report of the Trustees the Year Etided 30 April 2024 Rèference and admlnlstrativè details Bankern Barclays Barik PLC Neath Business Part( Approved by order of the board of trustees on . and signed on its behalf by.. Or P L Davis - Trustee Page 4
Independent Examineffs Report to the Trustees of Ebenezer Evangelical Church Indepe.-Td•nt ex?miner's report t.o t4e trus+ee• o! Eaen?zer Evangelical nhJr¢h rp.pnrt +. th> ch-:'.I' trui•te?.• cn mv p.yani.,'p.BilhJn o¥ tk.e Ob i. s ctKJnp7ei ended 30 April 2024. Evayap.',i-A.' Ch.,,;cl (the Tru8tl for lp :'ear Responsibilitles and basis of report As the knharity trustees of Trusl you are responsible for the preparation of the accounts in accordan wlh the requirements of the Charities Act 2011 Ilhe Acl'l I report in respect of my examination of the TrLJSt's accounts carried out under Section 145 of the Act and in carrying out my examination I have bllowed all applicable Directions given by the Charity cLMiSsion under Sectson 14515)Ib} of the Independont examlners statement I have completgj my examination. I confirm that no material matters have ¢ome to my attention in connection wlh the examination giving me cause to believe thal in any material fespect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concErning the fom and content of accounts sel out in the Charities (Accounts and Reports) Regulations 28 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examinab'on. I have no COnM$ and have come across no other matters in connection with the examinatson to which attèntion should Èe drawn in this report in order lo enable a proFer understanding of the accounts to be reached. Clive EardS FCA Haines Watts Wales LLP 7 Neptune Court Vanguard Way Cardiff CF24 5PJ Date.. Page 5
Ebenezer Evangelical Church Statement of Financial Activities for tP4.e -: ¢ar End?d 30 Aprll iDfj4 2024 Total funds 202i Total funds Unrestricted fund Regtrictod fund Notes Income and endowments from Donations and legacies 65,120 65.120 66,511 Expendituro on Charitable a¢tivities Failh, relief and charitable 67,037 67,037 71.091 Other 269 269 269 Total 67,3C6 67,306 71,360 NET INCOMEIIEXPENDITURE) (2,1861 12,186} {4,849} Reconciliation of funds Total funds brought forward 507,847 144,909 652.756 657.605 Total funds carrled foThvard 505,661 144,909 650.570 652,756 The notes fom) part of these finanaal statements Page 6
Ebenezor Evangelical Church Balance Sheet 40 ApTjI 2n24 2024 Total funds 2023 Total funds Unrestricted fund Restrl¢tod fund Notes Fixed assets Intangible assels Tangible assets 538 460,516 538 605,425 806 603,788 144,909 461,054 144,909 605,963 604,594 Current assets Cash at bank 45,610 45.610 49,135 Croditors Amounts falling due within one year 10 11,0031 {1,CK$31 {9731 Net ¢urront assets 44.607 44,607 48,162 Total assets 18s$ current liabilitles 505,661 144,909 650,570 652,756 NET ASSETS 505,661 144,909 650,570 652,756 Funds Unrestricted fijnds Restricted funds 505,661 144,909 507,847 144,909 Total funds 650,570 652,756 The financial statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by.. on Fi L Davis - Trustee The notes fomi part of these financial statements Page 7
EneZer Evangelical Church Note8 to the Financial SL9tements Igr thÈ V Accounting poll¢ies Basis of preparing the financlal statements The financial slalements of the charity, which is a public benefit eiility undei" F?1 S 102. have been prepared in accordance wth the Charities SORP IFRS 102) 'Accounling and Reporting by Charities.. Statement of Recommeiided PraCts. applicable lo charities preparing iheir accounLS in actyordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 20191,, Finanual Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitses Act 2011. The finan¢ial statèments have been prepared under the historical cost convenlion. Thè financial statements have been prepared on a going concem basis. The Tru5t8es have vieWed and considered relevant infomiation, ir¢cluding the annual budget and future cash flows in making their assessment. Based on these assessments, the Trustees have concluded that they can continue to adopt the going COnM basis in preparing the annual report and accounts. Eb8nezer Evangelical Church is a charity registered in England and Wales. The charity registered number and principal address can be found in the referen and administrative details within the Report of the Trustees. Incorne Voluntary income including donations, gifts and legacies is regnised where there is entitlement, certainly of re[pt and the amount can be measured with sufficient reliability. lil Those donated for resale produ income when they are sold. They are valued at the amount actually r8alised. lil) Those donated for onward transmission to beneficiaries are included in the statement of financial actimlies as incoming resour$ and resources expended when they are distributed. They are Wdlued at the amount the would have had to pay to acquire them. {iiil Those donated for use ty the charity itself are included when receivable,. They are valued at the amount the charity would have had to pay to acquire them. Incoming resources from tax reclaims are included in the statement of financial acb'vities al the date of receipt and are calculated based on donations reiVed in the previous financial year. Tax reclaims are recorded wrthin other donations per note 2. Investment income is recognised on a receivable basis. Expenditure Liabilities are recognised as soon as there is a legal or constructive obligation committir¥J the charrty to the expendilure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expendire comprises those costs incurred by the charity in the delivery of ils activities and servi8 for rts beneficiarie5. It includes both costs that can be allocated diwtly to such activities and those costs of an IndiCt nature necessary to support them. Governance costs Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advi to trustees on governan or constitutional matters. Flxèd assets Depreciation is provided at the following annual rates in order lo WTite off each assel over its estimated useful life. Freehold propety Fixtures and fittings Computer equipment Not Depreciated 10¥0 on cost 20Vo on cost The onty intaroible assets are website design costs, amortised over 5 years on a straight line basis. Individual fixed assets arè initially recorded at cost. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustées. Restncted funds can only be used for particular restricted pury)oses within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 8 conb'nued...
Ebenez6r Evangelical Church Notes to the Financial Statements - ¢ontinued for the Vuar _rided 711 Aprsl 2024 Donations and legacie$ 2024 2023 General offeiing Covenant givtng Other donations 29,911 21,782 13,427 32, 143 21,555 12.813 65.120 66,511 Charltablo activities costs Direct Costs {see note 4) Support costs Totals Faith, relief and charrtable 65.253 1,784 67,037 Direct costs of charitable activities 2024 2023 Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Computer SOare Missionary giving Visiting ministers Ministerfs Salary 960 1,426 2,709 726 1,424 203 4,426 312 13,805 455 38,807 1.217 2,014 1,539 633 1,307 30 3.897 156 14,219 390 44,071 65,253 69,473 TrustO0s' remuneratlon and bènefits There were no trustees, remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Tru8tees' expenses There were no trustees, expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023. Staff costs The only employee is the church pastor. Total employee costs for year ended 30 April 2024 Vre £38,807 130 April 2023.. £44,071) Comparalives for the statement of financial actlvities Unrestrlctod fund Restricted fund Total funds Income and endowmonts from Donations and legacies 66,511 66.511 Expenditure on Charitable activiti09 Faith, relief and charitable 71,091 71,091 Other 269 269 Totsl 71.360 71,360 Page 9 contsnued...
Ebenezer Evangellcal Church Notes to the Financial Statements - ¢ontlnugd fo". tk¥e Y?ar Ende&. 30 Aurii Comparativos for thè slatemgiit of financial activities - conlinued Unrestricted fund Restlicted fund Total funds NET INCOMEI{EXPENDITURE) 14.849) 14.8491 Re¢oncillatlon of funds Tolal funds brought forward 512.696 144,909 657,605 Totsl fund$ cathed foNiard 507.847 144,909 652,756 Intangible fixed assets Webslle design Cost At 1 May 2023 and 30 April 2024 Amortisation At 1 May 2023 Charge for year 538 268 At 30 April 2024 806 Net book valuè At 30 )ri1 2024 538 At 30 Aoril 2023 806 Tangible fixed assets Fixtures and fittlng8 Freehold property Computer equlpment Total8 Cost At 1 May 2023 Additions 600,179 12,386 2,419 602 613,167 2.419 At 30 April 2024 600,179 14,805 602 615,586 Depre¢lation At 1 May 2023 Charge for year 8,777 782 602 9.379 782 At 30 April 2024 9,559 602 10,161 Net book value AI 30 April 2024 600,179 5,246 605,425 AI 30 April 2023 600,179 3,609 603,788 Page 10 continued...
Ebenozor Evangelical Church Notes to the Financial Statements - contlnued April 20" 10. crodil0.. ainounls falling due wilhii) one year 2024 2023 Otnef credito 1,003 973 11. Movement In funds Net movement In fvnds At 30.4.24 At 1.5.23 Unrestrlctod funds General ftjnd 507,847 12,1861 505,661 Restricted funds Building fund 144,gJ9 144,909 TOTAL FUNDS 652,756 12,1861 650,570 Net movement in funds, included in the above are as follows-. In¢omlng resources Resource5 expended Movement In funds Unrestrictsd funds General fvnd 65,120 167.3061 12,186) TOTAL FUNDS 65,120 167.3061 {2, 186} Comparntlves for fflovernent in fund8 Net movement in funds At 30.4.23 At 1.5.22 Unr¢stricted funds General fund 512,696 14,8491 507,847 Restricted funds Building fund 144,9)9 144,909 TOTAL FUNDS 657,605 (4,8491 652,758 Comparative net movemenl in funds, induded in the above are as follows.. Incoming resources Resource8 expended Movement in funds Unrestricted funds General fund 66.511 171,3601 14,849) TOTAL FUNDS 66,511 {71,3601 14.8491 Page 11 continued...
Ebenezer Evangelical Church Notes to the Financial Statements - contlnued fo-: Yea.. Ende ?0 Apr'.12024 11. Movemeiit in fund$ - ¢oi)tinued A current year 12 months and prior year 12 months combined posilion is as follows.. Net movement in funds At 30.4.24 At 1.5.22 Unrestricted funds General fund 512,696 {7.0351 505.661 Restricted funds Building fund 144.9 144,909 TOTAL FUNDS 657,605 (7,0351 650,570 A ojrrent year 12 months and prior year 12 months combined net movement in fijnds, included in the above are as lollows". In¢oming resources Resources expended Movement in funds Unrestrl¢ted funds General ftjnd 131,631 1138,666) 17,035) TOTAL FUNDS 131,631 1138,666) 17,0351 The building fund relates to donations and offerings made for speafi¢ use on the construction of the new church building. 12. Related party dls¢losure8 There were no related paty Iransacb'ons for the year ended 30 April 2024. 13. ultimate controlling party The charity is CLJntrolled by the trustees. Pagè 12