ANTIOCH (NORTH WALES) A company limited by guarantee REPORT AND FINANCIAL STATEMENTS 30 NOVEMBER 2022 Charity no: 1101117 Company no. 4953826
ANTIOCH (NORTH WALES) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 CONTENTS Company infornlation Trustees, annual report Independent examiner's report Statement of tlnancial activities Balance sheet Notes to financial statements 9-16 Page I
ANTIOCH (NORTH WALES) COMPANY INFORMATION DIRECTORS AND TRUSTEES Christopher Daniel Jenny Holland James Sheridan Alistair Meadows COMPANY SECRETARY Christopher Daniel REGISTERED OFFICE Capel Salein Abergele Road Con LL29 7PA COMPANY NUMBER 495J826 CHARITY NUMBER 1101117 DEPENDENT EXAMINER Mills & Co Accountants (NW) Ltd Conwy Business Centre Llandudno Junction Conmy LL319XX BANKERS Charities Aid Foundation Bank Page 2
ANTIOCH (NORTH WALES) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022 The Trustees present their retK)rt along with the financial statements of the company for the year ended 30 Noi'ernber 2022. which has also been Prepared to meet the requirements for a directors report and accounts for Companies Act purposes. The financial sLqtements have been prepared in accordance with the aeeounting policies set out on pages 9 and l O and comply with the company's Mernorandum and Articles of Association and applicable law. Constitution and objects Antioch (North Wales) is a registered company limited by guarantee having no share capital and is a registered charity number I l 01117. As per the Company's Mernorandurn and Articles of Association. the company's principal activity and objective during this Vear was to advance the Christian t.aith and the worship of. God in the UnitLd Kin&Jdom and overseas with particular r¢t¢rence to Wales by any means whatsoever, including (but not by way of limitation) the preaching and Proclamation of the Christian gospel and the teaching of Christian doctrine and principles and the pastoral care of Christian people and the printing and distribution of the Bible and ChTlStian literature in¢luding video and audio recoTdings or tapes or any oiher media which is or may become available. Governanee and Management The names of'the Trustees who served from the I st De¢ember 2021 until the date of these financial statements are.. Peter Leavers (deceased 8 May 2022} Cllristopher Daniel Jennv Holland James Sheridan Alistair Meadows In accordance with the Constitution. a third of the Directors retlTe each year, being those who have served in office the longest. This did not happen in 2022 as none of the directors had completed 3 years in office. As Peter Leavers died during the year his position remains unfilled. The role of Chair remains vacant. Appointment rdnd Induction of Trustees New trustees are invited by the existing trustees to hold office. Upon indicating acceptance to hold office, they undergo an induction to briet them on their legal obligations under CILgrity law and receive copies of minutes of previous meetings. The trustees are acliTrely seeking persons to add to the membership of the Board. The trustees meet a minimum of twice a year with additional meetings being held as necessary. Page 3
ANTIOCH (NORTH WALES) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022 CONTINUED Trustees, responsibilities in relation to the financial statements Law applicable to chariiies in England and Wales require the trustees to prepare tinancial statements for each financial year which &Tiwe a true and fair vieNv of the charity's financial actil'ities during the year and of its financial position at the end of the year. In preparing those financial stateinents, the trustees are required to: select suitable accounting policies and then apply them consisiently; make judgements and estimates that are reasonable and prudent. * observe the rnethods and Principles in the Charities Statement of Recommended Practice (FRS102) slale ,hether applicable aceollnting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the flnancial statements comply with the Companies Act 2006. Thev are also responsible for safegsuardinLJ the assets of the company and hence for taking reasonable steps for the prevention of fraud and other irregularities. Risk review The trustees have conducted their own review of the major risks to which the company is exposed and systems have been implemented to mitigate those risks. These procedures are periodically reviewed to ensure they meet the needs of the company. Reserye policy The Trustees have reviewed the Company's needs for reserves in line with guidance issued by the Charity Commission and have adopted a policy to have funds of approximately three months nnIng costs. The balance of tunds available will be used for the furd]erance of the aetivities of the cornpany. The reserves level required has been determined at £25,000. ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW Financial review and investment policy Full details of the financial transactions are conlained in the attached accounts. Total incoming resources amounted to £90,325 (2021.. £54,540). After deducting resources expended of £87,274 (2021.. £47,292) the nei incoming resources ainounted to £2,408 compared with £62.517 for the previous year. The net assets arnount to £454,152 (2021:£451,743). The trustees consider the state of affairs to be satisfactory. Page 4
ANTIOCH (NORTH WALES) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022 CONTINUED Review of activities The company's principal activity and objeetii'e during this y'ear was to advance the Christian faith and the 'OrShIp of God in the Uniled Kingdom and oVeeaS with particular reference to Wales by any means whatsoever, including (but not by way of limitation) the preaching and proclamation of the Christian gospel and the teaching of Christian doctrine and principles and the pastoral care of Christian people and the printing and distribution of the Bible and Christian literature includingF video and audio recordingTS or tapes or any other media which is or may become available. Comn)unity benefit The Trustees have had regard to the Charity Commission's guidance on public benefit. A debt advice service continued to operate, Currently aSSLSting approximately 100 clients. The Compan! continues to work with a significant nuinber of people in recovery from drug and alcohol misuse and sul'fering from inenlal health issues. The Coinpany also hosts a collection point for the receipt of gifts of food for the con Foodbank. Plans for the Future The social needs within the comrnunities of North Wales are constanil). reviewed in conjunction with oiher charities and Churches. In pursuit ol. Ihis objeLtive, the Coinpany has purchased 20 Station Road, a town centre property in Colwyn Bay. Such a facility will better enable the churches to assist in promoting the well-being of the community, expressed in a variety of ways: some of which are already taking place. The property requires basic facilities and fitting out and this work has been part completed with further works having taken place post the year end. The company has taken advantage of the srnall companies, exemption in preparing the report above. Approved by th¢ Trustees and signed on their behalf by.. C Daniel Director Dale.. Page 5
AKfIocH (NORTH WALES) INDEPENDENT EXAMINER'S REPORT Independent examiner's report to the Tru5tee5 of Antioch (North Wales) I report 01) the accounts of the company for tl)e year ended 30th Novembei 2022 which are set out On pages 7-16. Respectii'e responsibilities of Trustees and examiner The Trustees {who are also Ihe directors of ihe company for the purposes of company law} are responsible for the preparation of the accounts in accordance with the requirenients of the Companie5 Act 2006 (the 2006 Act). Tlie Trustee5 consider that dn audit is not required under Part 16 of the 2006 A¢t and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 L)f the Charities Act 2011 (the 2011 Act): follow procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and to state whether particular matters have come to tny attention. Basis of independent examiner's statement My examii)ation was carried out in accordance with general Direciions given by the Chariiy Commission. An examination includes a Teview of the accounting records kept by the charity and a comparisot] of the account5 presented with those records. It also includes consideration of any unusugl items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidei)ce thai would be required in an audit, and consequently no opinion is given as to whether the account5 present a 'true and fair, view and the report 15 liniited to those matters set out in the Statement below. Independent examiner's statement I confirn) that no material matters have coine to my attention which gives n)e cause to believe that.. accountingl records were not kept in accordance with section 286 of the 2006 Act- or the accounts do not accord with such records. or the accounts do not comply with the relevant accounting requirements under section 396 of ihe Companies Act 2006 other than any requirement thai the accounts give a'true and fair, view which is not a matter considered as part of an independent exaTnination: or the accounts have not been prepared in accordance M'ith the Charities Statement of Recommended Praciice {FRSI 02). I have no concems and have come across no other inatter5 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. Name.. Mills & Co Accountai)ts (NW) Ltd Relevant professional qualification or body= FCCA Address.. Conmy Business Centre: Llandudno Jiinction, Colly, LL319XX Date.. 25 July 2023 Page 6
ANTIOCH (NORTH WALES) STATEMENT OF FTNANCIAL ACTJVITJES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2022 Unrestricted Funds Restricted Total Funds Total Funds Funds 2022 2021 INCOME Sales of goods Donations Grants Gift Aid Bank interest received 816 48,147 816 77,406 29,259 44,692 10,307 1,657 11.965 139 90,325 9,840 TOTAL 59.409 30.916 54,540 EXPENDITURE Cost of goods Employment costs (Note 2) Leaders Expenses LeadLrs Training Heat, light & water Insurances TelephonelBroadband Repairs & renewals Tithes, gifts & donations (Note 5) Visiting speakers Licenses/Subscriptions Printing, postage & staty Outreach Sunday Club & Young People Sundry expenses Depreciation No.20 Station Road (Note 6) TOTAL 643 20,981 20,981 19,033 469 500 1,174 3,054 608 225 8,068 500 526 2,030 609 1,407 14,Oi5 550 1,255 886 2,717 500 526 2,030 609 1.407 44,951 550 1.255 886 2,717 30,916 1,172 1,104 2,036 45 365 1,753 481 9,252 57,625 1.753 481 9,252 87.898 812 8,627 47,292 30.916 Net income Transfcrs between funds (Note I l) Net movement in funds 1,784 250 2,034 1,784 7.248 -250 -250 1,784 7,248 Reconciliation of funds Total funds brought fonvard 450.655 1,088 451,743 444.495 Total funds carried fonvard 452,689 838 453.527 451,743 Page 7
ANTIOCH (NORTH WALES) BALANCE SHEET AS AT 30TH NOVEMBER 2022 2022 2021 Note FIXED ASSETS Tangible assets 373,474 371,129 CURRENT ASSETS Debtors Cash at bank 7,251 73,827 81.079 6,600 74,744 81,344 CURRENT LIABILITIES Creditors due within one year 1,023 730 NET CURRENT ASSETS 80,055 80.614 NET ASSETS 453.529 451.743 FUNDS OF THE CHARITY Unrestricted funds 452,691 450,655 Restricted funds 838 1.088 TOTAL CHARITY FUNDS 453.529 4)1.743 The compaiiy is eiititled to exeniption from audit under section 477 of the Companies Act 2006 relatiiig to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Aci 2006. The direLtorfs acknowledge their responsibility for complying with the requiremeiits of tl)e Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject 10 Ihe small companies regime and in accordance with Chariiies SORP { FRS1021 The notes on pages 9,10,11,12,1 J,14,15 and 16 fonn part ot these financial statements. The financial statements were approved by the Directors on ................ and signed on behalf ot.the board C Daniel Director Page 8
ANTIOCH (NORTH WALES) NOTES TO THE FTNANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 I ACCOUNTING POLICIES The principal accounting polici¢s adopted, judgem¢nts and key sources of ¢stimation uncertainty in the preparation of the financial statements are as follows.. (a) Basis of aceounting The financial slalLments have been prepared on an accruals basis and under the historical cost convention, with items recognised at cost or transaction value, unless otherwise stated in the relevant notes to these accounts. They have been prepared in accordance with the Statement of Recommended Practiee.. Accounting and Reporting by Charities preparing their Accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS102}) and the Companies Act 2006. The company constitutes a public benefit entity as defined by FRSI 02. (b) Prcparation of thc accounts on a going concern basis The trustees consider that there are no material uncerLqinties about the company's ability to continue as a going concern. (c) Income Income is recognised when the company has entitlement to the funds: it is probable that the income will be received, and the amount can be nieasured reliably. Any Gitt Aid amount recovered on a donation is considererd to be part ot that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. (d) Donated serTrices The Lompany benefits greatly from the iniiolvement and support of its many volunteers. In accordance with Charities SORP (FRSI 02) and FRS102, the economic contribution of general volunteers is not recognised in the accounts. Donated services have not been recognised in the accounts (i.e. the value of the gift included in income and the corresponding amount recognised in expendiiure) either because ihe}' are not material or cannot be Tneasured reliably. (e} Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the company. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the temis of an appeal. (0 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. It includes irrecoverable VAT. Page 9
ANTIOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 (g) Offsetting I'here has been no offsetting of assets and liabilities, OT income and expenses, unless required or pennitted by Cliarities SORP FRSI 02 or FRSI 02. (h} Tangible fixed Asset$ Individual fixed assets costing, £1 000 or more are capitalised at cost and are depreciated over their estimated useful economic liN'es as follows- Buildings not depreciated Fixture5 & Fittings 20 % reducing, balance annually F'urniture & Equipment 25 % reducing balance armually (I) Debtors Debtors ar¢ r¢¢ognis¢d at the s¢ttl¢m¢nt amount du¢ after any trade discount off¢r¢d. Prepayments are valued at the amount paid net of any trade discounts. (J.) Creditors and provisions Creditors and provisions are recognised when there is a past obligation resulting from a pasl event Ihai will probabl>. result in a transfer of funds to a Ihird party and the amount due to settle the obligation can be measured or estimated with reasonable accuracy. Creditors and provisions are nonnally recognised at their settlernent amount allowing for any trade discounts due. (k} Pensions The sole employee is a member of a defined contribution pension scheme. The company's contribution is restricted to the contributions disclosed in note 2 and has no liability beyond making its contributions and paying across the d¢du¢tions for ¢mploy¢e's contributions. Page 10
ANTIOCH (NORTH WALES} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 2 STAFF COSTS & IYUMBERS, TRUSTEE REMUNERATIOIY & EXPENSES AND COST OF KEY MANAGEMENT PERSONNEL 2022 2021 Wages and salaries National Insurance costs 20,289 18,217 Pension costs 609 816 Total employment cost5 20.899 19.033 Emplovment allowance received from HMRC reduced National Insurance costs by £1,509 to £0 {2021.'£01. The key management personnel of Ihe company comprise the trustees and the elders, one of whom has been the sole paid employee since l Augugt 2019. The trustees were iiot paid or received any other benefits frorn emploJThent with the company in the year12021'.£nil). Living expenses totalling £745 (2021..£437) were paid to Pete and Pollv Leavers fro restricted funds and living expenses totalling £1,000 {2021..£150) were paid 10 James and Lucy Sheridan from restricted funds. No trustee received paiqnent foT professional OT Other services supplied to the company {2021..£nil). 3 RELATED PARTY TRANSACTIONS The total amount donated by trustees, without conditions, during the year was £6,860 {2021.'£9,730) There were no other related party iransaciions during the year (2021=£nil). 4 INDEPENDENT EXAMINER'S FEES The independent examiner charged £340 plus VAT {2021'.£nil). Pagell
ANTIOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 5 TITHES. GIFTS & DONATIONS Payments to Payments to institutiot15 individuals Unrestric¢£dFunds.' Youth for Christ (Colw Bay} Youth for Christ (Llaiidudnol Af¥liani5tan Appeal Waleswide {Plantin¥ & Streiigtheiiin¥ ChuTcliesl CSW (Christliln Solidarity Worldwide) Toybox11 lelping childreii living on the street) Musalaha (Reconciliatioi) between Israelis and Palestinians} Mercy Ships {Covid waccinaiions in Alrica) Healii)g Ihe Nations (Reconciliation ministry) Bangladesh Appeal Simon Platt Summer School Urban Saints Transfer for funds @22 cOnY Food Share Welcome Churches (Link churches with refugees) Pollv Leavers Scott Jenkinson ResiriciedfuKds.' Hegling the Nations Mer¢y Ships Toybox See analysis of restricted offerings {Notel I I Total 450 150 300 300 300 300 300 300 150 300 300 600 250 35 10,000 31,482 41,667 3,850 TITHES, GIFTS & DONATIONS- PREVIOUS YEAR Payments to Payments to institutions individuals Unreslri¢iLdFuKd.s.'_ Youth fi)r Christ (Colw Bay} Walcswide (Planting & Strcngthening Churches) CSW (Christian Solidarity Worldwide) Toybox (Helping childreii liviiig on the street) Musalaha (Reconciliation betweeii Israelis aiid Palestiniaiis) Mercy Ship5 {Covid vaccination5 in Africa) Healing the Nations (Reconciliation ministry} Welcoine Churches (Link churche5 Wlth reTte5) Lorraine from Criccietli- trainin¥ w'ith World Horizon5 Arfoii Jones translation of tlie Bible into Welsh Restricted funds'.- Healii)g the Nations Alercy Ships Toybox See analysis of restricted offerings {Note I l) Total 250 250 250 250 250 250 250 250 250 250 1,400 450 1,031 2,687 Page 12
ANTIOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 6 NO.20 STATION ROAD 2022 2021 Costs relating to ¢hang¢s to Ihe building, Heat, light & water Telephol)eOadband Insurance 1,265 715 539 484 1,63) 170 1,577 970 Repairs & renewals Outreach 82 Siiiidry expenses Depreciation 25 5,645 9,25? 4,774 8,627 Page 13
ANTIOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Freehold Fixtures Furniture Land & Buildings Fittings Equipment FIXED ASSETS Total COST At I st Deeember 2021 Additions-No.20 Station Road At 30 Novernber 2022 349,987 43,699 18.578 412,264 6,269 2,200 8,469 49,967 20,778 420,732 349,987 DEPRECIATION At I st December 2021 Charge for the year At 30 Nov¢inbLr 2022 24,406 5.113 29,519 16,727 1.013 17,740 41,133 6.126 47,259 NET BOOK VALUE At 30 November 2022 349.987 20,448 3,039 373,474 At 30 November 2021 329,518 14,329 1.241 J45,088 2022 2021 DEBTORS Amount due under Gift Aid Prepayments 7,251 6,400 200 6.400 7.251 CREDITORS Inland Revenue Trade Creditors Other creditors 303 720 1,023 730 730 io POST BALAIYCE SHEET EVEIYTS Following the purchase of No. 20 Station Road in 2019 major refurbishment has been undertaken. It is estimated that as at 30 NovembeT 2022 a turther £15,000 will be incuTred. and will be funded from unrestricted funds. Page 14
ANTIOCH (NORTH WALES) NO I'LS'I O I'l IL I.'INANCIAL S I A"I'LMLN'I'S FOR THE YEAR ENDED JO NOVEMBER 2022 ANAI.I'SIS OF MON'F.MF.NTS IN RF.STRICTF.I) FUNDS Balance At 1112121 Income•• Expenditure Transfer to (from) BRlance At 3011 Ill2 lunds Afghani8Lgn Appeal Ukraine Ap1 H¢lrOp¢[tioTr for Si51¢r Tear Fund Toybox Jamt% and Lu¢y Sh¥ridan Pete and Polly Leave15 Rhianiion Llovd CMA S¢oll &. Sian fJift lor Housing Siinon Platt SuiKtner School Sunday Club & Young People i?Lial Fund 2.003 620 2.003 620 50 748 50 748 2W 1,0 745 1.8LKI 31N) 290 74. 300 100 40 250 40 250 2.473 9.892 2.473 9.892 Total 1.088 250 838 Rewntedhv Tnonic5hcld inc bn onthe [$513n shc{p4Ve 81 ANALISIS OF MON'E7ENTs IN RESTRICTED FIIYDS_ PREI'IOIIS I'EAR Income• Expenditure Transfer lo (from) At 1112120 rurtd EbiT & Beatrix Healing the Natiolls Mrrc) Ships 10 1.4tK) 1.400 450 50 Toybox Jaines and Lucy Sheridan PLti and Pvlly Iravirs Rhiannort Llthd 246 748 437 2.liwj 437 2.100 350 CMA Sunda). Club & Young People Sviial Fund lu)20 2U SLgtion Road Totsl -250 40 40 250 1.362 562 6.480 346 1,088 * 'Repr&iileO by Iiioniesheld iThCasli albank oThtlie Bala¢ Sheet{e 81 *Tfi IDunrcstricid fundsof£8QO IcprthEnt4 don31 refbishMEntCD& PAge15
ANTIOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 11 ANALYSIS OF MOVEMENTS IN RESTRICTED FUNDS Des¢ription, nature #nd purpose of the fund Afghanistsn Appeal P0erty Relief paid to Tear Fund (This is a Christian charity) Bangladesh Appeal Floods disaster appeal Ukraine Appeal War zone disaster appeal paid via Tear Fund Heber Operation for Sister Financial Help for Syrian Asylum Seeker Tear Fund Support the work of Tear Fund disaster relief To}'box Charity to help children living on the street James and Lucy Sheridan Transfer of d¢sigsnaled &Jifts received and expenses Pete and Polly Leavers Transfer of designated gifts received and expenses Rhiannon Lloyd Personal gifts eannarked for living expenses (unwaged) CMA Support the Work ot"Community Money Advice Simon Platt Summer S¢hool Sponsorship to help christi Education in Swiss Summer Schoo Sunday Club & Young People Gift towards costs of Sunday Club & Young People Social Fund 020 People in need coming to No 20 Page 16
Virtual Cabinet Portal Digital Signatures
Digital Signature Verification
You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page:
https://www.virtualcabinetportal.com/VerifySignedDocument
Signature Dates and Times
All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:
http://www.virtualcabinetportal.com/WhatIsUTC
Signature 1
Signed by Christopher Daniel using authentication code VFnCo0NPfGlsZFd2UQ== at IP address 95.150.247.94, on 2023/08/09 08:19:31 Z.
Christopher Daniel's e-mail address is: chrisdaniel203@gmail.com.