REGISTERED CHARITY NUMBER.. 1071620 REPOR T OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR NATIONCHANGERS CHURCH Xeadin South Wales & West Limited Court House Court Road Bridgend CF3118E
NATIONCHANGERS CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DA4RCH 2025 Page Report of the Trustees Independent ExamIne$ Report statement of Financlal Actfvities Balance Sheet Nots8 to Ihe Flnanclal Statements 8 to 10 Detalled Statement of Flnanclal Actlvltles 11 to 12
NATIONCHANGERS CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their report with Ihe financial statements of the charity for the year ended 31 March 2025. The Irustees have adopted the prowsions of Accounting and Fieporling by Charities., Statement of Recommended Practice applicable lo charities preparing Iheir accounts in accordance wlth the Flnanclal Reporting Standard applcable in the UK and Republlc of Ireland (FRS 102) (effective I January 20191. OBJECTIVES AND ACTIVITIES Objeetlves and aims The proclarnalion and furthering of the gospel of God concerning hls son Jesus Chrlsl our Lord and the preaching and teaching of the Christian Faith in Merthyr Tydfil and thw)ughout the Unbted Klngdom of Great Britain and elsewhere. SlgnSficant activltles Regular weekly meelings on Sundays. Regular mid-week meetings. Special meelings al other locations and venues as and when necessary. ACHIEVEMENT AND PERFORMANCE Throughout the year the Church received nSICianS and slngers from Cardiff. Swansea, Neath and Coventry lo assist In Ihe runnlng of Sunday services. There were various Regwjnal Meellngs wilh chuf¢hes from across South Wales and Hounslow, The Youlh Club for years 5 and 6 continues run and all his helpers, maklng inroads Into the local housing Eslale. This has now been extended lo include pupils in the first year of high school. June was ablaze wlh the gospel, with Ihe arrival of the Brazilian Youth Wrth A Mlssion team. The Charity made sure they were well looked after and they were joined by our members on the streets proclaiming Ihe gospel. August saw the Charity run il's annual Family Fun Day whh was weu attended by the local communlty and familles from 811 over Merthyr Tydfil and beyond. Once Ihis was well altended and people were fu15y engaged in the whole of the day. The Church participated in the One Volce 24 conference. where many churches came together from across the UK, Europe and North America and had Ihe opportunity to financially support projects across the worfd. November brought Worldwatch where we once again meel with slster churches and See where we have Invested in the Kingdom and learn of the blessings. persecution and 9wih of the church in other countrtes. Over the Chdstmas period Ihe Charity held a series of evenls, Santa's Grotto and craft fayre and the annual Carol Concert wilh the Tredegar Town Brass Band. The New Year was started wilh an evening of Pralse which was well allended The Church participated in Ihe One V0e 24 conferetKe, vthere many churches came logether from across the UK, Europe and Not1h Afflerica and had the opportunity to financialty support projects across Ihe wodd. November broughl Worldwatch where we once again meet viilh sister churches and see where we have Invesled In the Kingdom and learn of the blessings, persecution and growth of the church in other c¢)unlries. Over the Chrlstmas perlod the Charity held a series of events, Santa's Grotto and craft fayre and the annual Carol cOnrt with the Tredegar Town Brass Band. Thè New Year was started with an evening of Praise which was well attended
NATIONCHANGERS CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Reserves pollcy While the Charity does not have a specrfic policy on reserves. Ihe main intent Is that the Charity should not hold any such reseNes, other than thos8 needed to meet operational demands. Any surplus Is generally used to support projects. or needs, al home or overseas. Church members provide funds to the Charity through regular donallons. The charity does not engage in any fundraising activlly. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is governed by the Declaration of Trust dated 21 Juty 1998. Recrultrnent and appolntment of new trustees The exlsling Iruslees selecl and appoint new Trustees as and when necessary under Ihe tems of sectlons D1 and D2 ofthe Trust Deed. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1071620 Prlnclpal address Alpha House Heolgerfg Merthyr Tydfil CF48 1JX Trustees S H Dorricott Mrs P E Dorri¢ott J Cresswell Mr8 J H McAleer Mrs A Cook Independent Examlner J Payne ACA Xeinadln South Wales & Wesl Limlted Court House Court Road Brldgend CF31 IBE Approved by order of the board of Iruslées on .................. . and slgned on Ils behalf by.. S H Dorricott- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NATIONCHANGERS CHURCH Independent examinerfs report to the trustees of Nationchangers Church I report to the charity trustees on my examination of the accounts of Nationchangers Church (the Trust} for the year ended 31 March 2025. Responslbllltles and basls of report As the charity trustees of the Trust you are responsibEe for Ihe preparatSon of the accounls in accordan wilh the requirements of the Charities Act 2011 ('the Act,). I report In respect of my examination of the Trusvs accounts carried oul under Section 145 of the Act and in carrying out my examlnalion I have followed all appllcable Direclions glven by the Charity Commission under Seclion 145(5)(bl of the Aci. Indepondent examlnef6 statement I have completed ry examination. I confirm that no material matters have come to my attention in connedlon with the examination givlng me cause to bebeve that in any material respect.. accounling records were nol kept In respect ol the Trust as required ty Section 130 of the Act., or the accounts do not accord th those records; or the accounts do not comply with Ihe applicable requirements concerning the form and conlenl of accounls sel out in Ihe Charilies (Accounts and Reports) Regulations 2C(18 other than any requirement that the accounts give a Irue and fair view which is not a malter considered as part of an independent examination. I have no concerns and have come across no other matters in connection vlth lh8 examination to which attentlon should be drawn In this report in order to enable a proper understanding of the accounts to be reached. J Payne ACA Xeinadln South Wales & 81 Limited Court House Court Road Brldgend CF311BE Date..
NATIONCHANGERS CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 202S 2025 Unrestricted funds 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Don8tions and legacies 63.822 61,530 Investment income 14,660 9,163 Total 78.482 70,693 EXPENDITURE ON Charltablè actlvltles Charilable actlvities 64,718 74,006 NET INCOMEI(EXPENDITURE) 13,764 (3,3131 RECONCILIATION OF FUNDS Total funds brought forward 256,733 260,046 TOTAL FUNDS CARRIED FORWARD 270.497 256,733 The notes fomi part of these financial statemenls
NATIONCHANGERS CHURCH BALANCE SHEET 31 MARCH 2025 2025 Unrestricted funds 2024 Total funds Noles FIXED ASSETS Tangible assets 176.337 179,935 CURRENT ASSETS Debtors Cash al bank 21,255 56,929 19,387 76,213 95,600 78,184 CREDITORS Amounts falling due wlhin one year (1,440) (1.386> NET CURRENT ASSETS 94,160 76,798 TOTAL ASSETS LESS CURRENT LIABILITIES 270,497 256,733 NET ASSETS 270,497 256.733 FUNDS Unreslrided funds 270.497 256,733 TOTAL FUNDS 270,497 256,733 The financlal statements were approved by the Board of Trustees and authoris&d for issue on and were signed on ils behalf by.. S H Dorricott- Truslee J H McAleer- Trustee J Cres8well- Trustee The notes form part of Ihese finan(ial slatements
NATIONCHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 8asls of preparing the flnanclal statements The financlal slalernenls of Ihe charity, lch Is a public benefil entty undèr FRS 102, have been prepared In accordan wilh the Charities SORP {FRS 102) 'Accounling and Reporting by Charilles.. Slalemenl of Recommended Pracuce applicable lo charilies preparing their accounts in accordance wilh the Flnancial Reporting Standard appficabSe in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019),. Flnanclal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charilies Act 2011. The finandal statements have been prepared under the hislorlcal cost convention. Golng Concem The ¢harity has sufflcient levels of unreslricted funds. totalllng £261,110 (2024- £256,733). Income All Income 58 recognised in the Statement of Financial Aclivitles once the charfty has entlllement to Ihe funds, It Is probable that the income will be received and the amount can be measured reliabty. Expendlture Liabilities are recognlsed as expenditure as soon as there is a legal or constnlGtive obllgalion commiliing the charity to Ihal expenditure, il is probable Ihal a transfer of econom benefits wlll be required in settlement and the amount of Ihe obligats'on can be measured reliably. Expendlture Is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related lo the category. Where costs cannol be directly attributed to particular headings they have been allocated to 8clivilies on a basis Consistent with the use of resources. Tanglble flxed assets Oeprecialion Is provided at the followng annual rates in order lo wrfte off each a85el over ils estimated useful life. Freehold property 2% on cost Taxatlon The charity is exempl from tax on ils charitable acllvities. Fund accountlng Unrestricted funds can be used in accordance with the charitabl8 objeciives al the discretion of the Iruslees. Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions arise when specified by Ihe donor or when fvnds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial ststements.
NATIONCHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 2025 2024 Rents received Deposil account interest 13,750 910 8,500 663 14.660 9,163 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneratlon or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Truslee8' expenses Durlng the year, the follwng Trustees, received reimbursed expenses Incurred wholly and ex¢lusivety for the purposes of the charity.. 2025 2024 S H D Oorricott T Thomas Mr J Cresswell Mrs J H McAleer 2.584 2.696 115 77 883 COMPAFi4TIVES FOR THE STATEMENT OF FINANCIAL AcnvinES Unreslricled funds INCOME AND ENDOWMENTS FROM Donations and ga(e$ 61,530 Investment Income 9,163 Tolal 70.693 EXPENDITURE ON Charltable actlvities Charitable actlvilies 74,006 NET INCOMEIIEXPENDITURE) (3,313) RECONCILIATION OF FUNDS Total funds brought foN4ard 260,046 TOTAL FUNDS CARRIED FORWARD 256,733
NATIONCHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Freehold propety COST At 1 April 2024 and 31 March 2025 225,000 DEPRECIATION Al 1 April 2024 Charge for year 45,065 3,598 At 31 March 2025 48,663 NET BOOK VALUE At 31 March 2025 176,337 At 31 March 2024 179,935 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 other debtors Gift aid recoverable 10,000 9,387 12,200 9,055 19,387 21,255 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other credllors 1,440 1,386 MOVEMENT IN FUNDS Net movement in funds At 1.4.24 At 31.3.25 Unrestricted funds General fund 256,733 13,764 270,497 TOTAL FUNDS 256,733 13,764 270,497
NATIONCHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS- Conllnued FOR THE YEAR ENDED 31 fvIARCH 2025 MOVEMENT IN FUNDS - contlnued Nel movement in funds, Included in thè above are as follows.. Incoming resources Resour$ expended Movement In funds Unrestrlcted fundg General fund 78.482 <64.718) 13,764 TOTAL FUNDS 78,482 (64,718) 13,764 Comparatives for movement In funds Net vement in funds Al 1.4.23 Al 31.3.24 Unre8trlcted funds Gener81 fund 260.046 (3.313) 256,733 TOTAL FUNDS 260,046 (3,313) 256,733 Comp8ralive nel movement in funds, induded In the above are as follows: IrK>Jmlng resources Resources expended Movément In funds Unrestrlcted funds General fund 70,693 (74,(K)6) (3,313) TOTAL FUNDS 70,693 (74,[)6) (3,313) A current year 12 months and prior year 12 months combined position Is as follows: Net movement in funds Al 1.4.23 Al 31.3.25 Unrestrlcted funds General fund 260,048 10,451 270,497 TOTAL FUNDS 260,046 10,451 270,497
NATIONCHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months comblned nel movement In funds. included in Ihe above ale as follows.. Incoming resources Resources expended Movement In funds Unre8trICt funds General fvnd 149.175 {138,724) 10,451 TOTAL FUNDS 149,175 {138,7241 10,451 RELATED PARTY DISCLOSURES There were no related patty transacllons for the year ended 31 March 2025. -1
NATIONCHANGERS CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVrnES FOR THE YEAR ENDED 31 IIIARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies rithes & offerlngs Special collectlons Glft ald Conferences and outreach 49,536 625 9.461 4,200 46.974 204 9,104 5,248 63,822 61,530 Inve8lment Income Rents recelved Déposlt account interest 13,750 910 8,500 663 14,660 9,163 Total Incomln9 resources 78,482 70,693 EXPENDITURE Charltablo actlvltleg Rates and water Insurance Light and heal Telephone Postage and siallonery Purchases for supporting people Rent Repalrs & maintenance Molor and travel costs Hall hire Other office expenses Educational material Church oulreach Events and equlpping ackn'vities Ministry Support Media Freehold propety 612 3,814 6,162 1,056 1,H5 2,694 7.959 2,839 1,362 707 290 4,505 2,889 1,611 3,742 6,523 8,474 1,449 1,015 495 9,981 11,947 13,220 559 3,672 513 12,057 6,935 9.667 1,OC6 3.598 63,093 71,278 Support cosls Flnance Bank charges 145 180 This page does not fom part of the slatutory financial stalements
NATIONCHANGERS CHURCH DETAILED STA TEMENT OF FINANCIAL ACTIVMES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Finance Governance costs Professional fees Independent examiners fee 1,162 1,386 1,480 1,480 2,548 Total resources expended 64.718 74,006 Net Incomellexpendlturè 13,764 (3,313) This page does not form part of Ihe slalulory financial statements -12-