ANTIOCH (NORTH WALES) A company limited by guarantee REPORT AND FINANCIAL STATEMENTS 30 NOVEMBER 2024 Charityno: 1101117 Company no. 4953826
ANTIOCH (NORTH WALES) FINANCIAL STATEMEwfs FOR THE YEAR ENDED 30 NOVEMBER 2024 Page(s) CONTENTS Company infornwtion Trustees. annual report Independent examinerfs report Statement of financial activities Balance sheet Notes to financial statements 9-16 Pag¢ I
AwfIocH (NORTH WALES) COMPANY INFORMATION DIRECTORS AND TRUSTEES Jenny Holland James Sheridan COMPANY SECRETARY Christopher Daniel REGISTERED OFFICE C.Apel Salem Abergele Road Conwy LL29 7PA 4953826 1101117 INDEPENDENT EXAMtNER Mills & Co Accountants (NW) Ltd Conwy Business Centre Llandudno Junction Conwy LL319XX Charities Aid Foundation Bank Page 2
AoCH (NORTH WALES) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024 The Trustees present their report along with the financial ststements of the company for the year ended 30 November 2024, which has also been prepared to meet the requirements for a directors report and accounts for Companies Act purposes. Th¢ financial ststements have been prepared in accordance with the accounting policies set out on pages 9 and 10 and comply with the company's Memorandum and Articles of Association and applicable law. Constitution and objects Antioch (North Wales) is a registered company limited by guarantee having no share capitsl and is a gistered charity number I l 01117. As per the CompanYs Memorandum and Articles of Association, the CoMpanS principal activity and objective during this year was to advance the Christian faith and the worship of God in the United Kingdom and Overs with particular reference to Wales by any means whatsoever. including (but not by way of limitation) the preachlng and proclamation of the Christian gospel and the teaching of Christian doctrine and principles and the pastordl care of Christian people and the printing and distribution of the Bible and Christian literature including video and audio recordings or tapes or any other media which is or may become available. Governance and Management The names of the Trustees who served from the 1st I)ecember 2023 until the date of these financial statements are: Christopher Daniel Jenny Holland James Sheridan Alistair Meadows In accordance with the constitutio a third of the Directors retire cach year, being those who have served in office the longest. Christopher Daniel resigned on 28 Dttember 2023. Alistair Meadows resi)ed on 26 November 2024. The role of Chair renInS vacanL Appointment and 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 brief them on their legal obligations under Charity law and receive copies of minutes of previous meetings. The tnteeS are actively 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
ANfIocH (NORTH WALES) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024 CONTINUED Trustees, respoDsibilities in relation to the fmancial statements tAw applicable to charities in England and Wales require the trustees to prepare financial staternents for each fllLqncial year which give a true and fair view of the charitys financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, th¢ trustees are required to: select suitable accounting policies and then apply them consistently: make judgements and estimates that att reasonable and prudent; * observe the methods and Principles An the Clwities Statement of Recommended Practice (FRS102) state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and prepare th¢ financial statements on the going concern basis unless it is inappropriate to presume that the charlty will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accurdcy at any time the financiaI position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention of fraud and other irregularAties. Rfisk revlew 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. Reserve policy The Trustees have reviewed the CoMpanS needs for reserves in line with guidance issued by the Charity Commission and have adopted a policy to have funds of approximately three months running costs. The balance of funds available will be used for the furtherance of the activities of the company. The reserves level required has been deterniined at £25,000. ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW Flnanelal review and investment policy Full d¢tails of the financial transactions are contained in the attached accounts. Total incoming resources amounted to £54.015 (2023: £70,795)..After deducting r¢sources expended of £67,467 (2023: £63.013) the net outgoing resources amounted to £13.452 compar¢d with £7.782 net incoming resources for the previous year. The net assets amount to £448,166 (2023:£461.618). The trustees consider the slate of affairs to be satisfactory. Page 4
ANTIOCH (NORTH WALES) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024 CONTINUED Review of activities The compan$ principal activity and objectiv¢ during this year was to advance the Christian faith and the worship of God in the United Kingdom and overseas with particular reference to Wales by any means whatsoever, including (but not by way of limitation) th¢ 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 c115t1] litcratw'c iiicludin8 video ana audiu rding5 QT tap¢s OT any other media which is or may become available. Community benefit The Trustees have had regard to the Charity Commission's guidance on public benefit. The community hub in Station Road is fully functioning at the capacity currently possible with volunteers. This venue hosts a variety of community based activities benefitting a wide range of peoples. The proFty is being lrnprov with the lower floor now completed and some works having been undertaken on the upper floors. Plans for the Future The social needs within the communities of North Wales are constantly reviewed in conjunction with other charities and churches. Building works to improve the cornmunity hub are continuing as an ongoing process. Recruitment of volunteers to assist the running of the community hub 18 an ongoing process. with a view to expanding the opening hours of the hub. The company has taken advantage of the smalI companies. exemption in preparing the report above. Approved by the TnteeS and Sied on their behalf by: J Holland Director s H-II_J 22 Aug 2025 Dat¢: Page 5
ANTIOCH (NORTH WALES) INDEPENDE EXAMtNER'S REPORT Independent ¢xgminer'$ report to the Trustees of Antioch (North Wales) I report on the accounts of th¢ ¢ompany for the year ended 30th November 2024 which are set out on pages 7-16. Respective responsibillties ofTrnstees and examiner The Tnee5 (who ar¢ also the directors of the company for the purp of company law) are responsible for the preparation of the accounts in accord8n¢e with the requirements of the Companies A(x 2006 (the 2(K)6 Act). Th¢ Trust¢es consider that an audit is not required under Part 16 of the 2006 Act and that an independent examination is needed. It 15 My responsibility to: - examine the a¢counts under section 145 of the Charitie5 Act 2011 (the 201 l A¢t); follow procedur¢s laid do in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL and to state whether particular matters have ¢ome lo my attention. Basis of independent examiner's statement My examination was carried out in a¢¢ordance with general Directions given by the Charity Commission. An examination includes a review of the accounting re¢ords kept by the charity and a comparison of the accounts pres¢nt¢d with those records. It also includes ¢onsideration of any unusual items or disclosures in the accounts, and seeking explanations from the triistees Concerning any such matter5. The procedures undertaken do not provid¢ all the evidence that would required in an audiL and consequently no opinion is given as to whether the accounts present a 'true and fair. view and the report is limited to those matters set out in the ststement b¢low. Independent examlnerf$ statement l ¢onfirni that no material matters have come to my attention whi¢h gives me cause to believe that.. - accounting records were not kept in accordance with section 286 of the 2006 Act: or - the accounts do not acwrd with such records; or - the accounts do not Comply with the relevant a¢couuting requirements under section 396 of the Companies Act 2006 other than any requirement that th¢ accounts give a 'tru¢ and fair, view which is not a matter considered as part of an independent examination: or - the accounts hav¢ not been prepared in accordan¢e with the chitIeS Statement of Recommended Practice (FRSI 02). I have no Concerns and have come across no other Matters in connection with the examination to which attention should be drawn in this report in order to enable a proper underntanding of the accounts to be reached. Name: Mills & Co Accountants (NW) Ltd Relevant professional qualification or body: FCCA Address: Conwy Business Centre. Llandudno Junctioo Conwy• LL319XX Page 6
ANTIOCH (NORTH WALES) STATEMEl4rr OF F]NANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrestricted Restricted Total Funds Totsl Funds Funds Funds 2024 2023 INCOME Sales of goods Donations Grants Gift Aid Bank interest received TOTAL 18 39,028 18 43.270 268 58,437 4.242 8,566 1,871 49,483 290 8.856 1,871 54,015 11,035 1055 70,795 4,532 EXPENDITURE Cost of goods EmplOent costs (Note 2) Leaders Expenses Leaders Training Heat, light & water Insurances Telephone/Broadband Repairs & Tenewals Tithes, gifts & donations (Note 5) Visiting speakers Licenseslsubscriptions Printing. postage & staty Outreach Sunday Club & Young People Sundry expenses Depreciation No,20 Station Road (Note 6) TOTAL 136 22.562 34.432 34.432 1.457 2,066 571 3,005 2.600 351 1,313 1.457 2.066 571 3,005 6.734 351 1,313 601 2,747 248 2,957 424 10,561 67,467 1.764 2,030 660 1,146 12,794 150 1,353 1,192 1,829 4,134 2.747 248 2.957 424 10,561 63J33 3.979 350 13,068 63,013 4,134 Net income Transfers between funds (Note 11) Net movement in funds -13,850 398 -13.452 7.782 -13,850 398 0 -13.452 7,782 Reconciliation of funds Total funds brought forward 461,309 309 461.039 453,527 Total funds carried forward 447,459 707 447.587 461.309 Page 7
ANTIOCH (NORTH WALES) BALANCE SHEET AS AT 30TH NOVEMBER 2024 2024 2023 Note FIXED ASSETS Tangible assets 373,423 379,181 CURREwf ASSETS Debtors Cash at bank 4,901 70,701 75,602 6,884 76,799 83,683 CURRENT LIABILITIES Creditors due within one year 859 1,246 NET CURRENT ASSETS 74,743 82,437 NET ASSETS 448,166 461.618 FUNDS OF THE CHARITY Unrestricted funds 447.459 461,309 Restricted funds 707 309 TOTAL CHARITY FUNDS 448,166 461,618 The company is entitled to exemption from audit undff section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with s¢¢tion 476 of the Companies Act 2ty)6. The dire¢tofs acknowledge their responsibility for complying with th¢ requirements of the Companies A¢t with respect to a¢counting records and the preparation of accoun These accounts have been prepared in accordance with the provisions applicable to small companies subject to the Small companies regim¢ and in accordance with Charities SORP { FRS102) The notes on pages 9.10,11.12.13.14.1 S and 16 forn part of these financial statements. 22 Aug 2025 The financial statements werc approved by the Directors on ................ and signed on behalf of the board J Holland a S ki.Il_J Director Page 8
AKllOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 NOVEMBER 2024 I ACCOUNTING POLICIES The principal accounting policies adopt judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: (a) Basis of accounting The fmancial statements 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 accounts. They have been prepared in accordance with the Statement of Recommend Practice: Accounting and Reporting by Charities preparing their Accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Clwities SORP (FRS102)) and the Companies Act 2006. The company constitutes a public benefit entity as defined by FRS102. (b) Preparation of the aeeounts on a going coneern basis The trustees consider that there are no material uncertainties about the company's ability to continue as a going concenL (c) Ineome 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 measured reliably. Any Gift Aid amount recovered on a donation is Conside to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the tenns of the appcal have specified otherwise. (d) Donated services The company benefits grcatty from the invoIvem¢nt and support of its many volunteers. In accordance with Charities SORP (FRS102) and FRSI 02. the economic contribution of general volunteers is not recognised in the accounts. Donated services have not been reCOlSed in the accounts (i.e. the value of the gift included in income and the corresponding amount recognised in expenditure) either because they are not material or cannot be measured 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 tern of an appeal. (fj Expenditure Expenditure is reCOlsed once there is a legal or constructive obligation to make a payment to a third paty. 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 2024 2 AFF COSTS & IYUMBER& TRUSTEE REMUNERATION & EXPENSES AND COST OF KEY MANAGEMENT PERSONNEL 2024 2023 Wages and salarles National Insrnce costs 33J60 21.802 Pension costs 1.072 34.432 761 Totsl employment costs 22,563 Employment allowance received from HMRC reduced National Insurance Costs by £2.487 to £nil (2023: Nil). The key management pgThonnel of the company comprtse the trustees and the elder one of whom has been the sol¢ paid employee since l August 2019. The trustees were not paid or received any other benefrts from emplonent with the ¢ompany in the year {2023 Anil). Living expenses totalling £60 (2023JA20) were paid to Pete and Polty Leave]s from restricted fill)ds. No truslee received paymcnt for professional or other xrvi¢es supplied to the company {2023:£nil). 3 RELATED PARTY TRANSAcfioNS The total amount donated by trustee4 without condition& during the year was £3,330 (2023: £6.510). There were no other related paty Iransactions during the year (2023:£nil). 4 INDEPENDENT EXAMINER'S FEES The independent examiner charged £340 plus VAT (2023 £340 plu5 VAT). Page 10
ANllOCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (g) Offsettfing There has been no offsetting of assets and liabilAties. or income and expenses, unless required or pern]itted by Charities SORP FRS102 or FRS102. (h) Tangible red Assets Individual fixed assets costing £l.000 or more are capitalised at cost and are depreciated over their ¢stinted useful economic lives as follows: Buildings not depreciated Fixtures & Fittings 200/0 reducing balance annually Furniture & Equipment 250/0 reducing balance annually (D Debtors Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount pald net of any trade discounts. (i) Creditors 2nd provisions Credltors and provisions are recognised when there is a past obligation resulting from a p&st event that 11 probably result in a transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated with reasonable accuracy. Creditors and provisions are nonnally recognised at their settlement amount atlowing for any trade discounts due. (k) Pensions The sole employee is a member of a defmed contribution pension scheme. The company's contribution is restricted to the contributions disclosed in note 2 and has no liability Iyond making its contributions and paying across the deductions for employee's contributions. Page 11
ANTIOCH (NORTH WALES) NOTES TO THE Fn4ANCIAL STATEMENTS FOR THE YEAR ENDED 30NOVEMBER 2024 5 TITHES. GIFfs & DONATIONS Payments to Payin¢nts to institutions individuals UnrulriciedFunds."_ Tear Fund Urban Saints Yeldall Manor Col YFC Community Money Advice Christian Solidarity Worldwide Waleswide 600 300 300 300 300 RtrIc1edftsAdS.. See analysis of restricted offerings (Notel l) Total 3.424 710 TITHES GIFfs & DONATIONS Payinents to Payments to institutions individuals UnreslricledFun&f.' Youth for Christ (Colwyn Bay) Tear Fund Redeeming our communities Waleswide (Planting & Strengthening Churches) Yeldall Manor Toybox (Helping children living on the street) Church Rwanda The Artisan Market CMA Simon Platt Summer School Urban Saints 300 600 300 3(M) 300 300 900 300 R(ric(edfvndT.._ See analysis of restricted offtrings (Noi i) 5294 2,800 Page 12
ANfiocH INORTH WALES) NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 6 NO.20 sfATION ROAD 2024 2023 Costs r¢lating to changes to the building Heal light & water TelephonelBroadband Insurance IJ04 529 2,065 362 3,140 604 2,030 1,060 Repairs & renewals Outreach Sundry expenses Depreciation 767 5J34 10.561 6234 13,068 Page 13
AIoCH (NORTH WALES) NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Freehold Improvements Fixtures Furniture Iand & To Buildings Property FIXED ASSETS Total Fittings Equipmenl COST At I st December 2023 Additions- No.20 Station Roac At 30 November 2024 349.987 11.569 49,967 21,502 433,025 349.987 11.569 49,967 21,502 433,025 DEPRECIATION At I st December 2023 Charge for the year At 30 November 2024 1.735 33.609 1,735 3.272 3.470 36,881 18.500 53,844 741 5,758 19.241 59,602 NET BOOK VALUE At 30 November 2024 349.987 8,099 13,086 2.261 373,423 At 30 November 2023 349,987 9,834 16.358 3,002 379,181 2024 2023 DEBTORS Amount due under Gift Aid Prepayments 4,90 I 6,884 4,901 6,884 CRKDITORS Inland Revenue Trade Creditors Other creditors 526 12 859 720 1,246 Page 14
ANTI(KH (NORTH WALES) NOIES TO THE FtNANCIAL sfATEMENTS UK YbAR ENDED 30 NOVEMBER 2024 11 ANALYSIS OF MOVEMENTS IN RWRICTED FUNDS At 1112r23 At3Wllll4 Appeal B¢Sh AFf Ukrnine ApF¢al Hcber 0thn for Sis Te4r F1 557 5x1 James and Lucy Sheridln Pete and Polty Itave A&TWaTknOw CMA Yeldall Marnr Wayne and Kim Plt Stseet Awls Sociui Fd @20 20 sl0ft Rowl••• 450 I¢M) 765 765 91 1.49YI 707• ANALYSIS OF MOVEM IN REsfRicfED FUNDS- PREVIOVS YL4R Al 1112ll2 At 3011 Ir23 Bsla¢Sh Ukrair2e Ap1 Heber oFallOn forsister T¢wr FUNI Toybox JanesarKI L4]¢y Slwidjn Prfe and Polly IArs 2965 420 3015 420 2.1 420 1130 CMA Yoidall Manor Simon Platt Summer School SundY4y Club& YOUT Pwle So¢i#l Fund @20 20 Ststion R(d**• 13.r23 P48e 15
AIoCH (NORTH WALES) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 11 ANALYSIS OF MOVEMENTS IN RESTRICTED FUNDS Description, nature 2nd purpose of the fund Rwanda Appeal Poverty Relief paid to Tear Fund (This is a Christian charity) Tear Fund Support the work of Tear Fund disaster relief Toybox Charity to help children living on the street Pete and Polly Leavers Transfer of deSited gifts received and expenses Rhiannon Lloyd Personal gifts eannarked for living expenses (unwaged) Scott & Sian Gift for Housin Support the Work of Community 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 @20 People in need coming to No 20 Street Angels Support of the vunerable people in the local community Yeldall Manor Christian healing community Page 16
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