||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|8| |Independent
Examiner's|Report|||| |Statement ofFinancial|Activities|||| |Balance Sheet||||| |Cash Fiow Statement|||12|| |Notes to the Cash Flow|Statement||13|| |Notes to the Financial Statements||14|to|23| |Detailed Statement ofFinancial Activities||24|to|25| ## ## ## ## ## ## ## ## ## |OBJECTIVES AND ACTIVITIES|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Significant activities|||||||||||| |The Church
allows
the Annexe
building
to be used as a polling
station
in|||||local/general|elections|||and|as an|| |emergency
facility for a neighbouring|school. Other|Churches,|organisations||and individuals|occasionally||||made|| |use of Church
facilities
by arrangement|when
there|was availability
and||where those activities|||were||in line||with| |the Church constitution.|||||||||||| |The sick, needy and dying (members|and non-members)
are||supported|and practical
help.||These||may be|||visits| |to private homes, care homes, hospices or hospitals.|||||||||||| |Weddings
and funerals
are conducted|on the Church|premises|(members|and|non-members).||||||| |The Church
raises
funds
for the
relief of suffering||in parts|of the world
that experience|||great||hardship,|||for| |example
through
natural disasters.|||||||||||| |A part-time
worker supports
Iranian
asylum seekers and translates
the sermons|||||into Farsi each||Sunday.||||| |The Church
employs
a full-time
worker|to lead the International||Student|Work, support
the||young||people's|||work| |and provide pastoral care for young
men.|||||||||||| |The Church
also employs
a full-time|Women's
Worker
to engage
in|||care|and
discipleship||work||as well as||| |evangelism
among women ofall ages.|||||||||||| ## ## ## ## ## ## |(Ref|erenced to the two main objects (a) and (b)ofthe charity)|erenced to the two main objects (a) and (b)ofthe charity)|| |---|---|---|---| |The|Church
met for worship
throughout
the year, twice on Sunday
and throughout
the week for prayer,||Sible study and| |activities for young and old. (a)|||| ||The Pastor preached
on the majority of Sundays;
the Pastor did not preach for us on the last Sunday of each||| ||month.
Our Assistant
Pastor, Andy Christofides
preached
on 10occasions. Our trainee pastor,
Nathan
Munday,||| ||preached
on 4 Sundays.
Visiting
preachers
throughout
the year were
(in order of preaching)
Teify Ebenezer||| ||(Brynmawr),
Adrian Brake (Carmarthen),
John Orchard
(Bridgend),
David Jones (Merthyr|Tydfiil), Clive Bowsher|| ||(Union),
Eryl Davies (Church Elder) and Hywel George (Maesycwmmer).
(a)||| ||Recordings
ofsermons
and Bible studies were provided
through
the website (downloads).|(a)|| ||Simultaneous
translation
in the Sunday services is provided
in the Farsi language.
(a)||| |Financially,
the Church
was able to meet all its commitments
during 2022 through
the continued
support|||of its members.| |(a)|||| ||The Church
continued
to provide financial
support for the Heath Christian
Bookshop Trust. (a)||| ||The Church
owns 122 Whitchurch
Road (known as "one2two") which
is used as a Christian
Bookshop
and||| ||Coffee
Shop.
Additional
rooms
on
the
first
floor
are
used
as
an
office
and|a
lounge|for
church| ||meetings/activities.
One2two
is a ministry ofthe Church
in the community.
(a) (b)||| ||The Church
runs the coffee shop
in one2two
and employs a coffee shop manager
and|supervisors.
A coffee|| ||shop committee
is appointed
to plan, monitor,
review, and report to Church
Council. Volunteers
along with paid||| ||staff serve and help with the day to day operations
ofthe coffee shop. (b)||| ||Financial,
spiritual
and moral support was provided
for members
serving across the world|in Africa, Europe and|| ||Asia. The Church
continued
to support
the work of one of its missionaries
involved
in helping
to run homes for||| ||men and women
with
physical
and/or
learning
disabilities
in Moldova,
expanding
this|work
into|a 5th home| ||during
this year. Other missionaries
were supported
financially
in their primary
task of|preaching|the Gospel.| ||We also
provided
help
in
related
work
including
support
for: Lampeter
Evangelical|Church,|Mount
Elim| ||Evangelical
Church,
Hope for the Valleys,
Eglwys
Efengylaidd
Ardduwy,
Wales Leadership
Forum, Casa Mea,||| ||Romanian
Ministries
Emanuel
Hospice, work
in Nepal, Arab Media Centre project
in France and disbursement||| ||of the funds
raised for the India covid appeal. The Church
has provided
the manse as|accommodation
for a|| ||Ukrainian
family of six. (a) (b)||| ||Special
collections
were
made
for Ukraine,
Afghanistan,
vitamins
for Holocaust
survivors
(Israel), and
at||| ||Christmas
for hardship
relief in Haiti and Eastern Europe. (b)||| ||The
Church
continued
to administer
a fund
for the
relief of financial
hardship
experienced||by individual| ||members
and non-members.
(b)||| ||The Church
continued
to employ an administrative
assistant
to enable the Church office|to be open for 5 hours|| ||4 days per week and to help with the efficient running
ofthe Church. (a)(b)||| ||A weekly
coffee
morning
is
run
to foster
fellowship
and
counter
loneliness
for seniors
within
the
local||| ||community.
(a) (b)||| ||The Church
continued
to edit and publish a bi-monthly
magazine
for distribution
(both electronically||and in print)| ||to members
and other interested
parties. (until October) (a)||| ||The Church website continued
to be a useful tool for providing
information
worldwide
and|welcoming|e-mail| ||contact from website visitors. (a)||| ||Hospitality
was provided
to those in need. (b)||| ||A Warm Bank was held for one day each week (from October onwards)
(b)||| ||Regular outreach to residential
care establishments
included
Bethel House, Lakeside and|Ty Coch|residential| ||homes. (a)||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| ||||Notes|funds
f.|funds|funds
E|fundsf| |INCOME AND|ENDOWMENTS|FROM|||||| |Donations
and|legacies|||404,989|156,686|561,675|607,530| |Charitable
activities|||||||| |The promotion|of Christianity|||30,656||30,656|261| |Coffee shop||||57,776||57,776|24,411| |investment
income||||681||681|36| |Other income||||600||600|89| |Total||||494,702|156,686|651,388|632,327| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |The promotion|of Christianity|||403,866|181,060|584,926|492,381| |Coffee shop||||79,614||79,614|58,865| |Total||||483,480|181,060|664,540|551,246| |NET INCOME/(EXPENDITURE)||||11,222|(24,374)|(13,152)|81,081| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought
forward||||2,259,303|53,104|2,312,407|2,231,326| |TOTAL FUNDS|CARRIED FORWARD|||2,270,525|28,730|2,299,255|2,312,407| ## |||||2022|2021| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|funds| ||Notes||F||E| |FIXEDASSETS|||||| |Tangible assets|12|1,848,313||1,848,313|1,849,504| |CURRENT ASSETS|||||| |Debtors|13|5,924|1,891|7,815|15,508| |Cash at bank and in hand||424,866|26,839|451,705|455,885| |||430,790|28,730|459,520|471,393| |CREDITORS|||||| |Amounts
falling due within one year|14|(8,578)||(8,578)|(8,490)| |NET CURRENT ASSETS||422,212|28,730|450,942|462,903| |TOTAL ASSETS LESSCURRENT|LIABILITIES|2,270,525|28,730|2,299,255|2,312,407| |NET ASSETS||2,270,525|28,?30|2,299,255|2,312.407| |FUNDS|16||||| |Unrestricted
funds||||2,270,525|2,259,303| |Restricted
funds||||28,730|53,104| |TOTAL FUNDS||||2,299,255|2,3124137| ## ## |||||2022|2021| |---|---|---|---|---|---| ||||Notes|F|| |Cash flows from operating
activities
Cash generated
from operations|||1|~1,473)|92,023| |Net cash (used in)/provided||by operating|activities|~1.473)|92,023| |Cash flows from investing||activities|||| |Purchase oftangible
fixed assets||||(3,388)|(9,459)| |Interest received||||681|36| |Net cash used
in investing|activities|||~2707),|~9,423)| |Change
in cash and cash||equivalents|in||| |the reporting
period||||(4,180)|82,600| |Cash and cash equivalents||at the|||| |beginning
ofthe reporting||period||455,885|373,285| |Cash and cash equivalents||at the end|of||| |the reporting
period||||451,705|455,885| |RECONCILIATION
OF NET (EXPENDITURE)/INCOME|RECONCILIATION
OF NET (EXPENDITURE)/INCOME|RECONCILIATION
OF NET (EXPENDITURE)/INCOME|TO NET CASH|FLOW FROM OPERATING|| |---|---|---|---|---|---| |ACTIVITIES|||||| |||||2022|2021| ||||||F| |Net (expenditure)/income|for the reporting|period (as|per the||| |Statement of Financial Activities)
Adjustments
for:||||{13,152)|81,081| |Depreciation
charges||||4,579|3,412| |Interest received
Decrease
in debtors||||(681)
7,693|(36)
4,271| |Increase
in creditors||||88|3,295| |Net cash (used in)/provided|by operations|||~1.473)|92,023| |2.|ANALYSIS OF CHANGES|IN NET FUNDS|||| |---|---|---|---|---|---| ||||At 1/1/22|Cash fiow|At 31/12/22| ||||E|E|E| ||Net cash||||| ||Cash at bank and in hand||455,885|~4, 180)|451,705| ||||455,885|~4,180)|451,705| ||Total||455,885|~4,180)|451,705| ## ## ## ## ## ## |DONATIONS|AND|AND|LEGACIES|LEGACIES|LEGACIES|||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2022
f.|2021f| |Grants||||||||||5,667| |Offerings, covenants,||||gift|aid 8|other donations|||300,260|314,515| |Missionary
account|||||||||147,905|181,336| |Welsh Government|||-|Homes for Ukraine Scheme|||||3,150|| |Legacies|||||||||110,360|106,012| ||||||||||561,675|607,530| |Grants received,||included|||in the|above, are as|follows:|||| ||||||||||2022f|2021f| |Coronavirus
Job||Retention|||Scheme|||||5,667| |INVESTMENT|INCOME|||||||||| ||||||||||2022|2021f| |Deposit account||interest|||||||681|36| |INCOME FROM||CHARITABLE||||ACTIVITIES||||| |||||||Activity|||2022f|2021f| |Camps income||||||The promotion|of Christianity||29,810|261| |House party fees||||||The promotion|of Christianity||846|| |Coffee shop income||||||Coffee shop|||57,776|24,411| ||||||||||88,432|24,672| |CHARITABLE|ACTIVITIES COSTS|||||||||| |||||||||Direct|Support|| |||||||||Costs (see|costs (see|| |||||||||note 7)
f|note 8)|Totalsf| |The promotion|of|Christianity||||||558,310|26,616|584,926| |Coffee shop||||||||79,614||79,614| |||||||||637,924|26,616|664,540| ## ## |DIRECT CO|STS OF CH|AR|ITABL|E ACTIVITIES|||| |---|---|---|---|---|---|---|---| |||||||2022|2021| ||||||||E| |Staff costs||||||176,071|136,755| |Staff expenses||||||2,231|404| |Insurance,
fire and security||||||9,321|10,010| |Missionary
support||||||194,896|205,220| |Telephone||||||775|956| |Sundries||||||7,068|5,633| |Support to Heath Christian|||Bookshop Trust|||9,063|10,188| |Discretionary|grant payments|||||31,801|35,916| |Heat, light 8|water rates|||||16,035|16,099| |Repairs and|maintenance|||||47,923|27,581| |Sunday school and youth||work||||3,936|516| |Gospel Support Wales||||||8,000|1,750| |Minib uses||||||768|741| |Pulpit supply||||||1,750|3,850| |House party|costs||||||395| |Heath camps||||||35,218|1,442| |House party|expenditure|||||275|| |Catering
and|hospitality|||||5,374|1,401| |Magazine costs||||||2,818|2,675| |Coffee shop|direct costs|||||28,553|15,904| |Coffee shop|salaries and|wages||||38,466|35,660| |Coffee shop|social security|||||2,497|2,115| |Coffee shop|pensions|||||1,743|1,398| |Coffee shop|heat light 8|water||||7,702|2,943| |Media outreach||||||1,061|3,301| |Depreciation||||||4,579|3,412| |||||||637,924|526,265| |Within direct|costs are grants payable ofF31,801.This||||includes:||| |||||||No.|F| |Grants payable to individuals||||||14|17,305| |Grants payable to institutions||||||8|14,496| |Charitable|||||||| |Objective|Description||||Individualsf|Institutions'|Totalf| |b|Hardship
relief||UK||4,888||4,888| |a|Theological|training|||1,120||1,120| |a|Evangelical|churches||+ AECW||14,496|14,496| |a|Evangelistic|activities|||8,897||8,897| |a8b|Support for|former pastors|||2,400||2,400| ||||||17,305|14,496|31,801| |Organisation||Purpose||| |---|---|---|---|---| |Heath Christian
Bookshop||Sale of Christian
Books||9,063| |Mount
Elim Evangelical|Church|Churches|representation|5,000| |Lampeter
Evangelical|Church|Churches|representation|5,000| |AECW||Churches|representation|1,000| |EMW||Churches|representation|1,000| |Union Foundation||Churches|representation|1,000| |Christian
Institute||Churches|representation|1,000| ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |||||||E| |K|Batstone for pastoral||work||7,722|7,080| |A|W Hughes as pastor||||42,245|34,328| |L|Chorbadjian|for pastoral||work|27,105|26,112| |A|Christofides|for pastoral||work|30,454|| ## |STAFF COSTS||| |---|---|---| ||2022|2021| |||E| |Wages and salaries|212,001|173,692| |Social security costs|12,075|7,232| |Pension costs|8,882|7,011| ||232,958|187,935| ## |11.|PREVIOUS YEAR|PREVIOUS YEAR|COMPARATIVES|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL|ACTIVITIES|| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||funds|funds|funds| ||||||E|f|| ||INCOME AND|ENDOWMENTS||FROM|||| ||Donations
and|legacies|||403,663|203,867|607,530| ||Charitable
activities||||||| ||The promotion|of Christianity|||261||261| ||Coffee shop||||24,411||24,411| ||Investment
income||||36||36| ||Other income||||89||89| ||Total||||428,460|203,867|632,327| ||EXPENDITURE ON||||||| ||Charitable
activities||||||| ||The promotion|of Christianity|||291,670|200,711|492,381| ||Coffee shop||||58,865||58,865| ||Total||||350,535|200,711|551,246| ||NET INCOME||||77,925|3,156|81,081| ||RECONCILIATION||OF FUNDS||||| ||Total funds
brought||forward||2,181,378|49,948|2231 326| ||TOTAL FUNDS|CARRIED FORWARD|||2,259,303|53,104|2,312,407| |12.|TANGIBLE FIXEDASSETS||||||| ||||||Church,||| ||||||hall 8||Fixtures,| ||||||annexe||fittings| ||||||buildings|Manse|8 contents| ||||||||F| ||COST||||||| ||At 1 January 2022||||1,486,753|350,000|80,728| ||Additions
Disposals||||||1,330
~51.753)| ||At 31 December|2022|||1,486,753|350,000|30,305| ||DEPRECIATION||||||| ||At 1 January 2022||||||79,771| ||Charge for year
Eliminated
on disposal||||||650
~51,753)| ||At 31 December|2022|||||28,668| ||NET BOOK VALUE||||||| ||At 31 December|2022|||1,486,753|350,000|1,637| ||At 31 December|2021|||1,486,753|350,000|957| ## ## ## ## ## ## ## ## ## ||||||Net|Transfers|| |---|---|---|---|---|---|---|---| ||||||movement|between|At| ||||At 1/1/22||in funds|funds|31/12/22| ||||E||E||| |Unrestricted
funds|||||||| |General
fund|||319,015||77,240|(23,380)|372,875| |Missionary
fund|- designated||||(19,992)|19,992|| |Legacy fund|||90,012||(41,147)||48,865| |Gospel Support Wales
Fixed Asset Fund|||772
1,849,504||(300)
~4,5?9)|3,388|472
1,848,313| ||||2,259,303||11,222||2,270,525| |Restricted funds|||||||| |Missionary
fund|||53,104||(24,374)||28,730| |TOTAL FUNDS|||2,312,407||~13,152)||2,299,255| |Net movement|in funds,|included|in the above are as follows:||||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||F|E|F| |Unrestricted
funds|||||||| |General
fund|||||494,502|(417,262)|77,240| |Missionary
fund|- designated|||||(19,992)|(19,992)| |Legacy fund||||||(41,147)|(41,147)| |Gospel Support Wales
Fixed Asset Fund|||||200|(500)
~4,579)|(300)
~4,579)| ||||||494,702|(483,480)|11,222| |Restricted funds|||||||| |Missionary
fund
Coffee shop fund|||||153,048
3,638|(177,422)
~3.638)|(24,374)| ||||||156,686|~181,060)|$24,374)| |TOTAL FUNDS|||||651,388|)664,564400)|~13,152)| ## |Comparatives
for movement
in funds||||| |---|---|---|---|---| |||Net|Transfers|| |||movement|between|At| ||At 1/1/21
E|in funds
f|funds|31/12/21| |Unrestricted
funds||||| |General fund|335,399|13,067|(29,451)|319,015| |Missionary
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
fund|49,948|3,156||53,104| |TOTAL FUNDS|2,231,326|81,081||2,312,407| ## ## ## ## ## ## ## ## ## ||||2022|2021| |---|---|---|---|---| ||||E|| |INCOME AND ENDOWMENTS||||| |Donations
and legacies||||| |Grants||||5,667| |Offerings,
covenants,|gift aid &other donations||300,260|314,515| |Missionary
account|||147,905|181,336| |Welsh Government
-|Homes for Ukraine Scheme||3,150|| |Legacies|||110,360|106,012| ||||561,675|607,530| |Investment
income||||| |Deposit account interest|||681|36| |Charitable
activities||||| |Camps income|||29,810|261| |Coffee shop income|||57,776|24,411| |House party fees|||846|| ||||88,432|24,672| |Other income||||| |Miscellaneous
income|||600|89| |Total incoming
resources|||651,388|632,327| |EXPENDITURE||||| |Charitable
activities||||| |Wages|||160,015|126,643| |Social security|||8,917|4,691| |Pensions|||7,139|5,421| |Staff expenses|||2,231|404| |Insurance,
fire and security|||9,321|10,010| |Missionary
support|||194,896|205,220| |Telephone|||775|956| |Sundries|||7,068|5,633| |Support to Heath Christian||Bookshop Trust|9,063|10,188| |Discretionary
grant payments|||31,801|35,916| |Heat, light 8 water rates|||16,035|16,099| |Repairs and maintenance|||47,923|27,581| |Sunday school and youth work|||3,936|516| |Gospel Support Wales|||8,000|1,750| |Minibuses|||768|741| |Pulpit supply|||1,750|3,850| |House party costs||||395| |Heath camps|||35,218|1,442| |House party expenditure|||275|| |Catering
and hospitality|||5,374|1,401| |Magazine costs|||2,818|2,675| |Coffee shop direct costs|||28,553|15,904| |Coffee shop salaries and wages|||38,466|35,660| |Coffee shop social security|||2,497|2,115| |Coffee shop pensions|||1,743|1,398| |Carried forward|||624,582|516,609| ## ## ||||2022|2021| |---|---|---|---|---| |Charitable
activities||||| |Brought forward|||624,582|516,609| |Coffee shop heat light 8|water||7,702|2,943| |Media outreach|||1,061|3,301| |Fixtures and fittings depreciation|||650|670| |Motor vehicle depreciation|||326|435| |Equipment
depreciation|||3,603|2,307| ||||637,924|526,265| |Support costs||||| |Staff costs||||| |Wages|||13,520|11,389| |Social security|||661|426| |Pensions||||192| ||||14,181|12,007| |Other||||| |Advertising|||834|1,435| |Heat, light 8 water rates|||177|176| |Insurance,
tire and security|||888|1,112| |Repairs and maintenance|||1,047|708| |Postage and stationery|||2,783|2,858| |Flowers and wreaths|||780|517| |Legal and professional|fees||969|1,547| |Bank charges|||1,177|1,201| ||||8,655|9,554| |Governance
costs||||| |Independent
examination||fees|3,780|3,420| |Total resources expended|||664,540|551,246| |Net (expenditure)/income|||~13,152)|8$,081|