ANTIOCH (NORTH WALES) A company limited by guarantee REPORT AND FINANCIAL STATEMENTS 30 NOVEMBER 2023 Charity no: 1101117 Company no. 4953826
ANTIOCH (NORTH WALES) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 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 Peter Leavers Christopher Daniel Jenny Holland jlles 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 2023 The Trustees present their retK)rt along with the financial statements of the company for the year ended 30 Noi'ernber 2023, 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 2022 until the date of these financial statements are.. 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. Christopher Daniel resigned on 28 December 2023. 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.
ANfIocH (NORTH WALES) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2023 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 £70,795 (2022.. £90,325). After deducting resources expended of £70,782 (2022: £87,898) the nel ineoming resources amounled to £7.782 compared with £1,784 for the previous year. The net assets amount to £461,618 (2021 ..£453,529). 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. This was however suspended during the pandemic. 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 taking place during this period. 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.. J Holland 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 . Page 6
ANTIOCH (NORTH WALES) STATEMENT OF FTNANCIAL ACTJVITJES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2023 Unrestricted Funds Restricted Total Funds Total Funds Funds 2023 2022 INCOME Sales of goods Donations Grants Gift Aid Bank interest received 268 45,684 268 58,437 816 77,406 12,753 10,065 1,055 57.072 970 11.035 1.055 70,795 11,965 139 90,326 TOTAL 13.723 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 136 22,562 136 22,562 20,981 500 526 2,030 609 1,407 44.951 550 1,255 886 2,717 1,764 2,030 660 1,146 1,764 2,030 660 1.146 12,794 150 1.353 1.192 1,829 12,794 150 1,353 1,192 1,829 3,979 350 13,068 50,219 3.979 i50 13,068 63.013 1,753 481 9,252 87,898 12.794 Net income Transfcrs between funds (Note I l) Net movement in funds 6,853 -250 6,603 929 250 1,179 7,782 1.784 7,782 1,784 Reconciliation of funds Total funds brought fonvard 452.689 838 453,527 451.743 Total funds carried fonvard 459,292 2,017 461.309 453,527 Page 7
ANTIOCH (NORTH WALES) BALANCE SHEET AS AT 30TH NOVEMBER 2023 2023 2022 Note FIXED ASSETS Tangible assets 379,181 373,474 CURRENT ASSETS Debtors Cash at bank 6,884 76,799 83.683 7,251 73,827 81,078 CURRENT LIABILITIES Creditors due within one year 1,246 1,023 NET CURRENT ASSETS 82,437 80.055 NET ASSETS 461.618 453.529 FUNDS OF THE CHARITY Unrestricted funds 461,309 452,691 Restricted funds 309 838 TOTAL CHARITY FUNDS 461.618 4i3.i29 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 J Holland Director Page 8
ANTIOCH (NORTH WALES) NOTES TO THE FTNANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 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 2023 2 STAFF COSTS & IYUMBERS, TRUSTEE REMUNERATIOIY & EXPENSES AND COST OF KEY MANAGEMENT PERSONNEL 2023 2022 Wages and salaries National Insurance costs 21,802 20,289 Pension costs 761 609 Total employment cost5 22.563 20.898 Emplovment allowance received from HMRC reduced National Insurance costs by £1,753 to £nil {2022'. Nil}. 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 year12022..£nil). Living expenses totalling £420 (2022..£745) were paid to Pete and Pollv Leavers fro restricted funds. No trustee received payment for professional or oiher services supplied to the company (2021.'£nill. 3 RF.LATED PARTY TRANSACTIONS The iotal amount donated by trustees, without conditions, during the year was £6,510 (2022.. £6,860). There were no other related party transactions during the year12022.'£nil). 4 INDEPENDENT EXAMINER'S FEES The independent examiner charged £340 plus VAT {2022 £340 plus VAT}. Page 10
ANTIOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 (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. Pag¢ll
ANfiocH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 5 TITHES. GIFTS & DONATIONS Payments to Payments to institutiot15 individuals Unrestric¢£dFunds.'_ Youth for Christ (Colw Bay} Tear fund Redeeining our communitle5 Waleswide (Planting & Strengthening ChuTcliesl Yeldall Maiior Toybox11 lelping children living on the street) Church Rwanda The Artisai) Market CMA Simon Platt Summer School Urban Saints Polly Leavers Scott Jenkinson RLJlric'lLdfun(b.. Healing the Nations Mercy Ships Toybox See analysis of restricted offerings {Notel l) Total 300 600 300 300 500 300 600 JOO 300 900 300 5.294 9,994 2,800 2,800 TITHES, GIFTS & t)ONATIONS Payments to PayThents to institutions individuals Youth for Christ (Colw Bay} Youth for Christ (Llandudnol Aftwhanistaii Appeal Waleswide {Plantii)gF & StTengtliening ChuTchesl CSW (Chri5tiaii Solidarity Worldwide) Toybox IHelpinbT childreii livingF 011 the street) Musalaha (Reconciliation between 15raelis aiid Palestinians} Mercj. Ship5 {Covid vaLcination5 in Africa) Healiii¥ the Nations (Reconciliation iniiiistry} Bangladesh Appeal Simtsn Platt Summer School Urban Saints Transfer for funds 022 Conwy Food Share Welcome Churches (Link churches with refugees) Polly Leavers Scott Jenkinson RcJIric'lLdfud5'" Healing the Nations Mercy Ships Toybox See analysis of restricted offering5 {Ntstel 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 Page 12
ANTIOCH (NORTH W ALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 6 NO.20 STATION ROAD 2023 2022 Costs relating to ¢hang¢s to Ihe building, Heat, light & water Telephol)eOadband Insurance 3,140 715 604 484 2,030 1,060 1,577 970 Repairs & renewals Outreach 82 Siiiidry expenses Depreciation 25 6,234 4,774 8,627 Page 13
ANTIOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Freehold Improvements Fixtures Furniture Land & BuildingTS FIXED ASSETS Total Property FittingFS Equiprnent COST At I st Deeember 2022 Additions-No.20 Station Roac At 30 Novernber 202i 349,987 49.967 20,778 420.732 724 12.293 21,502 433,025 11,569 11,569 349,987 49,967 DEPRECIATION At I st December 2022 Charge for the year At 30 Nov¢inbLr 2023 29,519 4,090 17.740 47,259 760 6,585 18,500 5),844 1,735 NET BOOK VALUE At 30 November 2023 349,987 9,834 16,358 3.002 379,181 At 30 November 2022 349,987 20.448 3,038 373.473 2023 2022 DEBTORS Amount due under Gift Aid Prepayments 6,884 7,251 6,884 7,251 CREDITORS Inland Revenue Trade Creditors Other creditors 526 720 1,246 720 720 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 £3,431 will be incUrd, and will be funded from unrestricted funds. Page 14
ANTIOCH (NORTH WALES) NOTES TO THE fiNANC.IAL STATEMENTS FOR THE YEAR ENDED 30NOVEMBER 2023 11 AN.4LYSIS OF moEMENTs IN RESTRicfED FUNDS Balancc Tncnmc EXnditurC Trdn%frr tTrlfrnrnl unrLbtriLtcd funds BaldnEe Al 1112122 AppL&l BdnRladcth Appcdl 1.070 1.070 H¢T Operatioii foi Sister Tear Fund 50 748 2.965 4211 I,0 LuLs. ShLYiddn Pele and Pollv Leae RhiELnnon Lloyd 420 420 60 250 Suiiday Club & Young People Sncidl Fund iu 211 20 Stdtiiin RuJd 40 40 250 6.408 6.408 838 250 30Y * 'RyrstnledbvmunLfS htld Ln (h dl bdnkunthv Sl 'In¢ludesCifi Aid £ty70 Ary.4LI'SIS OF lOVM'1's IN RLS'I'RIC-I Tr'LNI)S-PRLVIOUS YLAR BELlartce Income Exwidituye .1 ransfer tolfrLbml unresiricied Balance Alghani4trdll Appedl 2.003 620 Heber Operation foi Sister Te Fund loybox James Luc} Sheridan PELL. ¥nd Piillv LuTrLr Rhianni)n Llnyd 620 50 748 50 748 ?91) i.u 745 l.RrMI 3ryJ 74) 300 Scot¢ &. Sian Gift for Housing SIMon Platt Summer School Sund£1N Club & I'oun8 People SLla1 Fund rn20 211 Staiitsn Road•*• Tuial 40 250 40 50 2.473 Y.892 -2.374 25U ¥38 * Pa8e 15
ANTIOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 11 ANALYSIS OF MOVEMENTS IN RESTRICTED FUNDS Des¢ription, nature #nd purpose of the fund Rwanda Appeal Poi'efftT Relief paid to Tear Fund (This is a c.hristian charity) Tear Fund Support the work of Tear Fund disaster relief Toybox Charity to help children livingJ on the street Pete and Polly Leavers Transfer of designated gifts received and expenses Rhiannon Llo)'d Personal gifts earmarked for living expenses (unwaged) Scott & Sian Gift for Housin Support the Work of Cominunit! Money Advice Simon Platt Summer School Sponsorship to help with Christian Education in Swiss Summer School. Sunday Club & Young Peopl Gift towards costs of Sunday Club & Young People Social Fund 020 People in need coming to No 20 Page 16