||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|9|
|Independent<br>Examiner's|Report||10||
|Statement of Financial|Activities||||
|Balance Sheet|||12||
|Cash Flow Statement|||13||
|Notes to the Cash Flow|Statement||14||
|Notes to the Financial Statements||15|to|24|
|Detailed Statement of Financial Activities||25|to|26|





## 

## 

## 

## 



## 



## 

## 

## 



## 

|ACHIEVEMENT<br>AND PERFORMANCE||||
|---|---|---|---|
|Charitable<br>activities||||
|(Referenced to the two main objects (a)and (b)ofthe charity)||||
|The Church<br>met for worship<br>throughout<br>the year, twice on Sunday<br>and throughout<br>the week for prayer,|Bible study||and|
|activities for young and old. (a)||||
|The Pastor preached<br>on the majority of Sundays;<br>the Pastor did not preach for us on the last Sunday of||each||
|month.<br>Visiting preachers<br>throughout<br>the year were (in order of preaching)<br>Dustin Benge (Union),|Adrian<br>Brake|||
|(Carmarthen),<br>Philip<br>Swann<br>(Llanelli),<br>Mike Mellor<br>(Boumemouth),<br>Conrad<br>Pomeroy<br>(Dudley),|David Jones|||
|(Merthyr), Peter Milsom (Newport),<br>Maged Drotta (France), Mark Fisher (Hanney),<br>Matt Francis (Deeside),||John||
|Orchard<br>(Bridgend) and Andy Christofides<br>(Cardiff). Our trainee pastor,<br>Hywel George, preached<br>on 3Sundays.||||
|(a)||||
|Recordings ofsermons<br>and Bible studies continued<br>to be provided<br>through<br>the website (downloads).<br>(a)||||
|Simultaneous<br>translation<br>in the Sunday services is provided<br>in the Farsi language;<br>also provided|is a real|time||
|transcription<br>ofSunday Services and prayer meetings<br>for the hearing<br>impaired.<br>(a)||||
|Financially,<br>the Church was able to meet all its commitments<br>during 2021 through<br>the continued<br>support|ofits|||
|members<br>(a)||||
|The Church continued<br>to provide financial<br>support for the Heath Christian<br>Bookshop Trust. (a)||||
|The Church<br>owns<br>122 Whitchurch<br>Road<br>known<br>as "one2two" which<br>is used as a Christian<br>Bookshop||and||
|Coffee<br>Shop.<br>Additional<br>rooms<br>on<br>the<br>first<br>floor<br>are<br>used<br>as<br>an<br>office<br>and<br>a<br>lounge|for<br>Church|||
|meetings/activities.<br>One2two<br>is a ministry<br>ofthe Church<br>in the community.<br>(a) (b)||||
|The Church<br>runs the coffee shop<br>in one2two<br>and employs<br>a coffee shop manager<br>and supervisors.<br>A coffee||||
|shop committee<br>is appointed<br>to plan, monitor,<br>review, and report to Church<br>Council. Volunteers<br>along with||paid||
|staff serve and help with the day to day operations<br>ofthe coffee shop. (b)||||
|Financial,<br>spiritual<br>and<br>moral<br>support<br>was provided<br>for members<br>serving<br>across the world<br>in|Haiti,<br>Africa,|||
|Europe and Asia. The Church continued<br>to support<br>the work ofone of its missionaries<br>involved<br>in|helping<br>to iun|||
|homes for men and women<br>with physical<br>and/or<br>learning<br>disabilities<br>in Moldova,<br>expanding<br>this work into <br>home<br>during<br>this year. Other<br>missionaries<br>were supported<br>financially<br>in their<br>primary<br>task of preaching||a 5th<br>the||
|Gospel. We also provided<br>help<br>in related<br>work including<br>support<br>for: Lampeter<br>Evangelical<br>church,<br>Romanian||||
|Ministries<br>Emanuel<br>Hospice,<br>work<br>in Nepal,<br>Arab<br>Media<br>Centre<br>project<br>in France,<br>work<br>in Yemen<br>and for||||
|various<br>Iranian<br>brethren<br>in the church (a) (b)||||
|Special collections<br>were made<br>for covid relief (India),<br>earthquake<br>survivors<br>(Haiti), a mother<br>and baby||unit||
|(Israel),<br>vitamins<br>for Holocaust<br>survivors<br>(Israel),<br>and at Christmas<br>for hardship<br>relief<br>in<br>Haiti|and Eastern|||
|Europe. (b)||||
|The<br>Church<br>continued<br>to administer<br>a fund<br>for the<br>relief of financial<br>hardship<br>experienced|by<br>individual|||
|members<br>and non-members.<br>(b)||||
|The Church continued<br>to employ an administrative<br>assistant to enable the church office to be open|for 5 hours 4|||
|days per week and to help with the efficient running<br>ofthe church. (a) (b)||||
|A weekly coffee morning<br>is run to foster fellowship<br>and counter loneliness<br>for seniors within the local community.||(a) (b)||
|The Church<br>continued<br>to edit and<br>publish<br>a bi-monthly<br>magazine<br>for distribution<br>(both electronically|and<br>in|print)|to|
|members<br>and other interested<br>parties. (a)||||



## 



## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 



## 

## 



## 

## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|||F|F|
|INCOME AND|ENDOWMENTS|FROM||||||
|Donations<br>and|legacies|||403,663|203,867|607,530|479,825|
|Charitable<br>activities||||||||
|The promotion|of Christianity|||261||261|1,758|
|Coffee shop||||24,411||24,411|20,582|
|Investment<br>income||||36||36|253|
|Other income||||89||89|341|
|Total||||428,460|203,867|632,327|502,759|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|The promotion|ofChristianity|||291,670|200,711|492,381|422,632|
|Coffee shop||||58,865||58,865|55,481|
|Total||||350,535|200,711|551,246|478,113|
|NET INCOME||||77,925|3,156|81,081|24,646|
|RECONCILIATION<br>OF FUNDS||||||||
|Total funds brought forward||||2,181,378|49,948|2,231,326|2,206,680|
|TOTAL FUNDS|CARRIED FORWARD|||2,259,303|53,104|2,312,407|2,231,326|





## 

## 

|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||F||
|FIXEDASSETS||||||
|Tangible assets|12|1,849,504||1,849,504|1,843,457|
|CURRENT ASSETS||||||
|Debtors<br>Cash at bank and in hand|13|11,088<br>407,201|4,420<br>48,684|15,508<br>455,885|19,779<br>373,285|
|||418,289|53,104|471,393|393,064|
|CREDITORS||||||
|Amounts<br>falling due within one year|14|(8,490)||(8,490)|(5,195)|
|NET CURRENT ASSETS||409,799|53,104|462,903|387,869|
|TOTAL ASSETS LESSCURRENT LIABILITIES||2,259,303|53,104|2,312,40?|2,231,326|
|NET ASSETS||2,259,303|53,104|2,312,407|2,231,326|
|FUNDS|16|||||
|Unrestricted<br>funds<br>Restricted funds||||2,259,303<br>53,104|2,181,378<br>49,948|
|TOTAL FUNDS||||2,312,407|2,231,326|



## 



## 

|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|F||
|Cash flows from operating|activities|||||
|Cash generated<br>from operations||||92,023|27,235|
|Net cash provided<br>by operating<br>activities||||92,023|27,235|
|Cash flows from investing|activities|||||
|Purchase oftangible<br>fixed assets||||(9,459)|(830)|
|Interest received||||36|253|
|Net cash used in investing<br>activities||||~9,423)|~577)|
|Change<br>in cash and cash|equivalents|in||||
|the reporting<br>period||||82,600|26,658|
|Cash and cash equivalents|at the|||||
|beginning<br>ofthe reporting|period|||373,285|346,627|
|Cash and cash equivalents|at the end|of||||
|the reporting<br>period||||455,885|373,285|





## 

## 

|RECONCILIATION|OF NET IN|COME TO NET CASH FLOW FROM OPERATIN|G ACTIVITIES||
|---|---|---|---|---|
||||2021|2020|
|Net income for the|reporting|period (as per the Statement ofFinancial|||
|Activities)|||81,081|24,646|
|Adjustments<br>for:|||||
|Depreciation<br>charges|||3,412|7,349|
|Interest received|||(36)|(253)|
|Decrease/(increase)<br>Increase/(decrease)|in debtors<br>in creditors||4,271<br>3,295|(4,011)<br>~496|
|Net cash provided|by operations||92,023|27,235|



|2.|ANALYSIS OF CHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|
||||At 1/1/21|Cash flow|At 31/12/21|
||||F|||
||Net cash|||||
||Cash at bank and in hand||373,285|82,600|455,885|
||||373,285|82,600|455,885|
||Total||373,285|82,600|455,885|





## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

|DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES|AND LEGACIES||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
||||||||||F||
|Grants|||||||||5,667|24,421|
|Offerings, covenants,||||gift|aid 8|other donations|||314,515|318,431|
|Missionary|account||||||||181,336|136,973|
|Legacies|||||||||106,012||
||||||||||607,530|479,825|
|Grants received,|||included||in the||above, are as|follows:|||
||||||||||2021|2020|
||||||||||F|f|
|Cardiff Council||-|grant|to support|||local business|||10,000|
|Coronavirus|Job||Retention Scheme||||||5,667|14,421|
||||||||||5,667|24,421|
|INVESTMENT||INCOME|||||||||
||||||||||2021f|2020<br>f|
|Deposit account|||interest||||||36|253|
|INCOME FROM|||CHARITABLE||||ACTIVITIES||||
|||||||Activity|||2021<br>F|2020f|
|Camps income|||||||The promotion|ofChristianity|261||
|House party|fees||||||The promotion|ofChristianity||1,758|
|Coffee shop|income||||||Coffee shop||24,411|20,582|
||||||||||24,672|22,340|





## 

## 


|||Direct|Support||
|---|---|---|---|---|
|||Costs (see|costs (see||
|||note 7)<br>f|note 8)<br>F|Totals<br>F|
|The promotion<br>of Christianity||467,400|24,981|492,381|
|Coffee shop||58,865||58,865|
|||526,265|24,981|551,246|
|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||
||||2021f|2020f|
|Staff costs|||136,755|140,217|
|Staff expenses|||404|914|
|Insurance,<br>fire and security|||10,010|9,449|
|Missionary<br>support|||205,220|160,693|
|Telephone|||956|3,302|
|Sundries|||5,633|4,541|
|Support to Heath Christian|Bookshop Trust||10,188|9,750|
|Discretionary<br>grant payments|||35,916|11,149|
|Heat, light 8 water rates|||16,099|12,852|
|Repairs and maintenance|||27,581|22,544|
|Sunday school and youth|work||516|712|
|Gospel Support Wales|||1,750|500|
|Minibuses|||741|297|
|Pulpit supply|||3,850|5,525|
|House party costs|||395|2,726|
|Heath camps|||1,442|400|
|Catering<br>and hospitality|||1,401|650|
|Magazine costs|||2,675|1,834|
|Coffee shop direct costs|||15,904|12,881|
|Coffee shop salaries and|wages||35,660|37,413|
|Coffee shop social security|||2,115|760|
|Coffee shop pensions|||1,398|1,446|
|Coffee shop heat light 8 water|||2,943|2,981|
|Media outreach|||3,301|2,140|
|Depreciation|||3,412|7,349|
||||526,265|453,025|
|Within direct costs are grants payable ofF35,916.This||includes:|||
||||No.|f|
|Grants payable to individuals|||17|18,872|
|Grants payable to institutions|||8|17,044|
|Charitable|||||
|Objective<br>Description||IndividualsF|InstitutionsF|Totalf|
|b<br>Hardship<br>relief UK||4,445||4,445|
|a<br>Theological|training|2,200||2,200|
|a<br>Evangelical|churches + AECW||17,044|17,044|
|a<br>Evangelistic|activities|9,826||9,826|
|a8b<br>Support for former pastors||2,400||2,400|
|||18,872|17,044|35,916|





## 

## 

## 

||Examples ofgrants awarded|Examples ofgrants awarded|to|institutions<br>are|as follows:||||
|---|---|---|---|---|---|---|---|---|
||Organisation|||Purpose|||||
||Heath Christian<br>Bookshop|||Sale ofChristian<br>Books||||10,188|
||UFM Worldwide|||Churches|representation|||10,000|
||AECW|||Churches|representation|||1,000|
||EMW|||Churches|representation|||1,500|
||Union Foundation|||Churches|representation|||1,000|
||Christian<br>Institute|||Churches|representation|||1,000|
|8.|SUPPORT COSTS||||||||
||||||Staff||Governance||
||||||costs|Other|costs|Totals|
||||||F|F|F|F|
||The promotion<br>of Christianity||||12,007|9,554|3,420|24,981|
||Included<br>within<br>support|costs|are independent||examination<br>fees|ofF3,420 (2020 - E3,420).|||
|9.|TRUSTEES' REMUNERATION|||AND BENEFITS|||||
||The following<br>payments|were|made to trustees||and connected persons:-||||
||Remuneration<br>and benefits as employees:||||||||
||||||||2021|2020|
||||||||F|f|
||K Batstone for pastoral|work|||||7,080|6,932|
||A W Hughes as pastor||||||34,328|34,022|
||L Chorbadjian<br>for pastoral work||||||26,112|25,879|



## 

## 




|11.|PREVIOUS YEAR COMPARATIVES|PREVIOUS YEAR COMPARATIVES|FOR THE STATENIENT OF FINANCIAL|FOR THE STATENIENT OF FINANCIAL|ACTIVITIES||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
||||||P||
||INCOME AND ENDOWMENTS|FROM|||||
||Donations<br>and legacies|||336,346|143,479|479,825|
||Charitable<br>activities||||||
||The promotion<br>of Christianity|||1,758||1,758|
||Coffee shop|||20,582||20,582|
||Investment<br>income|||253||253|
||Other income|||341||341|
||Total|||359,280|143,479|502,759|
||EXPENDITURE ON||||||
||Charitable<br>activities||||||
||The promotion<br>ofChristianity|||275,855|146,777|422,632|
||Coffee shop|||54,775|706|55,481|
||Total|||330,630|147,483|478,113|
||NET INCOME/(EXPENDITURE)|||28,650|(4,004)|24,646|
||RECONCILIATION<br>OF FUNDS||||||
||Total funds brought forward|||2,152,728|53,952|2,206,680|
||TOTAL FUNDS CARRIED FORWARD|||2,181,378|49,948|2,231,326|
|12.|TANGIBLE FIXEDASSETS||||||
|||||Church,|||
|||||hall 8||Fixtures,|
|||||annexe||fittings|
|||||buildings|Manse|8 contents|
||||||F||
||COST||||||
||At 1 January 2021|||1,486,753|350,000|79,764|
||Additions|||||964|
||At 31 December 2021|||1,486,753|350,000|80,728|
||DEPRECIATION||||||
||At 1 January 2021|||||79,101|
||Charge for year|||||670|
||At 31 December 2021|||||79,771|
||NET BOOK VALUE||||||
||At 31 December 2021|||1,486,753|350,000|957|
||At 31 December 2020|||1,486,753|350,000|663|





## 


|TANGIBLE FIXEDASSETS - continued||||
|---|---|---|---|
||Motor|||
||vehicles|Equipment|Totals|
|COST||||
|At 1 January 2021|19,400|90,364|2,026,281|
|Additions||8,495|9,459|
|At 31 December 2021|19,400|98,859|2,035,740|
|DEPRECIATION||||
|At 1 January 2021|17,661|86,062|182,824|
|Charge for year|435|2,307|3,412|
|At 31 December 2021|18,096|88,369|186,236|
|NET BOOK VALUE||||
|At 31 December 2021|1,304|10,490|1,849,504|
|At 31 December 2020|1,739|4,302|1,843,457|



|DEBTORS:AMOUNTS<br>F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2021|2020|
||||E|
|Other debtors||15,508|19,779|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||2021|2020|
||||F|
|Other creditors||8,490|5,195|



## 

|Minimum<br>lease payments<br>under non-cancellable<br>operating|leases fall due as follows:|leases fall due as follows:||
|---|---|---|---|
||2021<br>f||2020|
|Within one year|.|331|1,324|
|Between one and five years|||331|
|||331|1,655|





## 

## 

|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1/1/21|in funds<br>F|funds<br>f|31/12/21<br>F|
|Unrestricted<br>funds|||||||
|General fund|||335,399|13,067|(29,451)|319,015|
|Missionary<br>fund|- designated|||(19,992)|19,992||
|Gospel Support|Wales||2,522|(1,750)||772|
|Fixed Asset Fund|||1,843,457|(3,412)|9,459|1,849,504|
|Legacy fund||||90,012||90,012|
||||2,181,378|77,925||2,259,303|
|Restricted funds|||||||
|Missionary<br>fund|||49,948|3,156||53,104|
|TOTAL FUNDS|||2,231,326|81,081||2,312,407|
|Net movement|in funds,|included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources<br>F|expended<br>F|in funds<br>f|
|Unrestricted<br>funds|||||||
|General fund||||327,448|(314,381)|13,067|
|Missionary<br>fund|- designated||||(19,992)|(19,992)|
|Gospel Support Wales<br>Fixed Asset Fund<br>Legacy fund||||101,012|(1,750)<br>(3,412)<br>~11,000)|(1,750)<br>(3,412)<br>90,012|
|Resb icted funds||||428,460|(350,535)|77,925|
|Missionary<br>fund||||196,356|(193,200)|3,156|
|Salary fund<br>Coffee shop support||||1,375<br>6,136|(1,375)<br>~6.136)||
|||||203,867|)200)711|3,156|
|TOTAL FUNDS||||632,327|~551,246)|81,081|



## 

|Comparativ|es<br>for movement<br>in funds|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1/1/20<br>F|in funds<br>f|funds<br>F|31/12/20<br>f|
|Unrestricted<br>funds||||||
|General fund||299,730|55,499|(19,830)|335,399|
|Missionary|fund - designated||(19,000)|19,000||
|Gospel Support Wales<br>Fixed Asset Fund||3,022<br>1,849,976|(500)<br>~7,349)|830|2,522<br>1,843,457|
|||2,152,728|28,650||2,181,378|
|Restricted|funds|||||
|Missionary|fund|53,952|(4,004)||49,948|
|TOTAL FUNDS||2,206,680|24,646||2,231,326|





## 


## 

## 

## 



## 

## 



## 

||||2021|2020|
|---|---|---|---|---|
||||F|E|
|INCOME AND ENDOWMENTS|||||
|Donations<br>and legacies|||||
|Grants|||5,667|24,421|
|Offerings,<br>covenants,|gift aid &other donations||314,515|318,431|
|Missionary<br>account|||181,336|136,973|
|Legacies|||106,012||
||||607,530|479,825|
|Investment<br>income|||||
|Deposit account interest|||36|253|
|Charitable<br>activities|||||
|Camps income|||261||
|Coffee shop income|||24,411|20,582|
|House party fees||||1,758|
||||24,672|22,340|
|Other income|||||
|Miscellaneous<br>income|||89|341|
|Total incoming resources|||632,327|502,759|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Wages|||126,643|128,289|
|Social security|||4,691|6,289|
|Pensions|||5,421|5,639|
|Staffexpenses|||404|914|
|Insurance,<br>fire and security|||10,010|9,449|
|Missionary<br>support|||205,220|160,693|
|Telephone|||956|3,302|
|Sundries|||5,633|4,541|
|Support to Heath Christian||Bookshop Trust|10,188|9,750|
|Discretionary<br>grant payments|||35,916|11,149|
|Heat, light 8 water rates|||16,099|12,852|
|Repairs and maintenance|||27,581|22,544|
|Sunday school and youth work|||516|712|
|Gospel Support Wales|||1,750|500|
|Minibuses|||741|297|
|Pulpit supply|||3,850|5,525|
|House party costs|||395|2,726|
|Heath camps|||1,442|400|
|Catering<br>and hospitality|||1,401|650|
|Magazine costs|||2,675|1,834|
|Coffee shop direct costs|||15,904|12,881|
|Coffee shop salaries and wages|||35,660|37,413|
|Coffee shop social security|||2,115|760|
|Coffee shop pensions|||1,398|1,446|
|Coffee shop heat light|8 water||2,943|2,981|
|Media outreach|||3,301|2,140|
|Carried forward|||522,853|445,676|





## 

||||2021|2020|
|---|---|---|---|---|
|Charitable<br>activities|||||
|Brought forward|||522,853|445,676|
|Fixtures and fittings depreciation|||670|677|
|Motor vehide depreciation|||435|580|
|Equipment<br>depreciation|||2,307|6,092|
||||526,265|453,025|
|Support costs|||||
|Staff costs|||||
|Wages|||11,389|10,033|
|Social security|||426|149|
|Pensions|||192|491|
||||12,007|10,673|
|Other|||||
|Advertising|||1,435|1,584|
|Heat, light 8 water rates|||176|130|
|Insurance,<br>fire and security|||1,112|1,050|
|Repairs and maintenance|||708|460|
|Postage and stationery|||2,858|3,210|
|Flowers and wreaths|||517|66|
|Legal and professional|fees||1,547|3,214|
|Bank charges|||1,201|1,281|
||||9,554|10,995|
|Governance costs|||||
|Independent<br>examination||fees|3,420|3,420|
|Total resources expended|||551,246|478,113|
|Net income|||81,081|24,646|