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← Heath Evangelical Church Cardiff

2023-12-31-accounts

Page
Report ofthe Trustees 1 to 8
Independent
Examiner's		 Report
Statement of Financial Activities 10
Balance Sheet
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 15 to 24

(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,
Bible		 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
ofeach
month.
Our Assistant
Pastor, Andy Christofides
preached
on 15occasions.		 Our trainee pastor,
Nathan
Munday,
preached
on 8.Visiting preachers
throughout
the year were: Dave Gobbett		 (Highfields
- Cardiff), Marcus		 Nelson
(St Mark's
- Cardiff), James
Allan
(Dowlais), James
Sibley (Bridgend),
Eryl Davies
(Church
Elder) and Gary
McKee (Church Member). (a)
Recordings
of sermons
and Bible studies were provided
through
the website
(downloads)
and YouTube		 page.
(a)
Christianity
Explored and Life Explored courses were held (a)
Financially,
the Church was able to meet all its commitments
during 2023 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,
Haiti 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.
Other
missionaries		 were
supported
financially
in their
primary
task of preaching
the Gospel. We		 also provided
help
in related		 work
including
support
for: UFM Worldwide
seed sower project, Hope for the Valleys,
Eglwys
Efengylaidd
Ardduwy,
Janet
and
Lucy Hodges
and
Paul
Daniel.
The Church
has
provided
the manse
as accommodation		 for a
Ukrainian
family ofsix. (a) (b)
Special
collections
were
made
for Turkey
earthquake,
Malawi
cyclone,		 Manipur,
Israel/Gaza
conflict
and
Christmas
for work with children
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)
From September,
the Church
provided
the opportunity
for the training
and development
of two "apprentices".
Partial
financial
support
was also provided,
although
the majority
of their		 expenses
were provided
by donors.
This training
will continue
until the end ofAugust 2024. (a).
The Church
continued
to employ
an administrative
assistant
to enable the		 Church
oflice 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)

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes F. F F F
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 360,406 207,838 568,244 561,675
Charitable
activities
The promotion of Christianity 33,043 33,043 30,656
Coffee shop 61,958 61,958 57,776
Investment
income		 5,587 5,587 681
Other income 3,248 3,248 600
Total 464 242 207 838 672 080 651,388
EXPENDITURE ON
Charitable
activities
The promotion ofChristianity 372,241 171,364 543,605 584,926
Coffee shop 74549 6355 80904 79614
Total 446,790 177,719 624,509 664,540
NET INCOME/(EXPENDITURE) 17,452 30,119 47,571 (13,152)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 2,270,525 28,730 2,299,255 2,312,407
TOTAL FUNDS CARRIED FORWARD 2,287,977 58,849 2,346,826 2,299,255

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes F E
FIXEDASSETS
Tangible assets 12 1,843,892 1,843,892 1,848,313
CURRENT ASSETS
Debtors 13 21,245 3,220 24,465 7,815
Cash at bank and in hand 431,192 55,629 486,821 451 705
452,437 58,849 511,286 459,520
CREDITORS
Amounts
falling due within one year		 14 (8,352) (8,352) (8,578)
NET CURRENT ASSETS 444 085 58,849 502,934 450,942
TOTAL ASSETS LESSCURRENT LIABILITIES 2,287,977 58,849 2,346,826 2,299,255
NET ASSETS 2287977 58849 2346826 2 299,255
FUNDS 16
Unrestricted
funds
Restricted funds		 2,287,977
58 849		 2,270,525
28 730
TOTAL FUNDS 2 346,826 2 299,255

2023 2022
Notes F E
Cash flows from operating
activities
Cash generated
from operations		 1 29,529 ~1,473)
Net cash provided
by/(used		 in) operating activities 29,529 ~1473)
Cash flows from investing activities
Purchase oftangible
fixed assets		 (3,388)
Interest received 5,587 681
Net cash provided
by/(used		 in) investing activities 5,587 ~2,707)
Change
in cash and cash		 equivalents in
the reporting
period		 35,116 (4,180)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 451 705 455,885
Cash and cash equivalents at the end of
the reporting
period		 488,821 451,705

RECONCILIATION OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING FROM OPERATING
ACTIVITIES
2023 2022f
Net income/(expenditure) for the reporting period (as per the
Statement ofFinancial Activities) 47,571 (13,152)
Adjustments
for:
Depreciation
charges		 4,421 4,579
Interest received (5,587) (681)
(Increase)/decrease
Increase
in creditors		 in debtors (16,650)
~226		 7,693
88
Net cash provided by/(used in) operations 29,529 ~1,473)
ANALYSIS OF CHANGES IN NET FUNDS
At 1/1/23 Cash flow At 31/12/23
f.
Net cash
Cash at bank and
in		 hand 451,705 35 116 486,821
451,705 35,116 486,821
Total 451,705 35.116 486,821

2023 2022
F F
Offerings,
covenants,		 gift aid 8 other donations 401,351 300,260
Missionary account 141,493 147,905
Welsh Government - Homes for Ukraine Scheme 5,400 3,150
Legacies 2D 000 11D360
568,244 561,675
INVESTMENT INCOME
2023 2022
Deposit account interest 5,587 681
INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity F
Camps income The promotion of Christianity 33,043 29,810
House party fees The promotion of Christianity 846
Coffee shop income Coffee shop 61,958 57,776
95001 88,432
CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
F F
The promotion of Christianity 514,421 29,184 543,605
Coffee shop 80904 80,904
595,325 29,184 624,509

2023 2022
F
Staff costs 184,653 176,071
Staff expenses 3,412 2,231
Insurance,
fire and security		 8,551 9,321
Missionary
support		 163,026 194,896
Telephone 853 775
Sundries 5,965 7,068
Support to Heath Christian Bookshop Trust 9,613 9,063
Discretionary grant payments 41,146 31,801
Heat, light & water rates 29,042 16,035
Repairs and maintenance 19,224 47,923
Sunday school and youth work 1,326 3,936
Gospel Support Wales 2,850 8,000
Minibuses 2,107 768
Pulpit supply 884 1,750
Heath camps 34,664 35,218
House party expenditure 275
Catering
and		 hospitality 2,497 5,374
Literature costs 1,741 2,818
Coffee shop direct costs 25,554 28,553
Coffee shop salaries and wages 42,720 38,466
Coffee shop social security 2,370 2,497
Coffee shop pensions 1,855 1,743
Coffee shop heat light 8 water 6,563 7,702
Media outreach 288 1,061
Depreciation 4,421 4,579
595.325 637,924
Within direct costs are grants payable ofF41,146.This includes: No. f
Grants payable to individuals 11 17,654
Grants payable to institutions 9 23,492
Charitable
Objective Description Individuals Institutions Total
F F F
b Hardship
relief		 UK 1,200 1,200
a Theological training 1,701 1,701
a Evangelical churches+ AECW 23,492 23,492
a Evangelistic activities 12,353 12,353
a8b Support for former pastors 2,400 2,400
17,654 23,492 41,146
Examples ofgrants awarded to institutions are as follows:
Organisation Purpose
Embrace The Middle East Earthquake appeal 6,976
Zamabesi
Mission		 Malawi project 3,016
Asia Link Manipur 3,785
Grace and Truth Christian Congregation Holocaust appeal 1,067
AECW Churches representation 1,000
EMW Churches representation 1,000
Union Foundation Churches representation 500
UFM Worldwide Seed Sower project 570
Grace and Truth Christian Congregation Israel/ Gaza appeal 5,578
In addition
to		 the above, grant provided to Heath Christian Bookshop for the purpose ofthe sale of Christian
book
was F9,000 (2022:F9,000).

Staff Governance
costs Other costs Totals
F
The promotion of Christianity 16,363 9,041 3,780 29,184

R emuneration
and benefit		 s as employees
(Gross pay and		 employers
pension
contributions)
2023
f		 2022
K Batstone for pastoral
work		 5,668 7,722
A W Hughes as pastor 45,450 42,245
L Chorbadjian
for pastoral		 work 27,105 27,105
A Christofides
for pastoral		 work 36,700 30,454

STAFF COSTS
2023 2022
F
Wages and salaries 225,855 212,001
Social security costs 12,212 12,075
Pension costs 9,894 8882
247 981 232 958

PREVIOUS YE AR COMPARAT IVES FOR THE STAT EMENT OF FINANCIAL AC TIVITIES
Unrestricted Restricted Total
funds funds funds
f
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 404,989 156,686 561,675
Charitable
activities
The promotion of Christianity 30,656 30,656
Coffee shop 57,776 57,776
Investment
income		 681 681
Other income 600 600
Total 494 702 156686 651 388
EXPENDITURE ON
Charitable
activities
The promotion of Christianity 403,866 181,060 584,926
Coffee shop 79,614 79614
Total 483,480 181,060 664,540
NET INCOME/(EXPENDITURE) 11,222 (24,374) (13,152)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 2,259,303 53,104 2,312,407
TOTAL FUNDS CARRIED FORWARD 2,270,525 28,730 2,299,255
TANGIBLE FIXEDASSETS
Church,
hall 8 Fixtures,
annexe fittings
buildings
f		 Manse
f		 &contents
f
COST
At 1 January 2023 and 31 December 2023 1 486,753 350,000 30,305
DEPRECIATION
At 1 January 2023 28,668
Charge for year 574
At 31 December 2023 29,242
NET BOOK VALUE
At 31 December 2023 1,486,753 350,000 1.063
At 31 December 2022 1,486,753 350,000 1,637

TANGIBLE FIXEDASSETS - continued
Motor
vehicles Equipment Totals
F F
COST
At 1 January 2023 and 31 December 2023 19,400 41 896 1,928 354
DEPRECIATION
At 1 January 2023 18,422 32,951 80,041
Charge for year 245 3602 4,421
At 31 December 2023 18,667 36,553 84 462
NET BOOK VALUE
At 31 December 2023 733 5,343 1,843,892
At 31 December 2022 978 8,945 1,848,313

DEBTORS:A MOUNTS
F		 ALLING DUE WITHIN ONE YEAR
2023 2022
F
Gift aid recoverable 10,051 7,815
Prepayments and accrued income 14,414
24465 7,815
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
Taxation and social security 1,699
Other creditors 6653 8578
8,352 8,578

==> picture [421 x 60] intentionally omitted <==

Net Transfers
movement between At
At 1/1/23 in funds funds 31/12/23
F F E
Unrestricted funds
General fund 372,875 42,337 (19,992) 395,220
Missionary fund - designated (19,992) 19,992
Legacy fund 48,865 48,865
Gospel Support Wales
Fixed Asset Fund		 472
1,848,313		 (472)
~4,421)		 1,843 892
2,270,525 17,452 2,287,977
Restricted funds
Missionary fund / special appeals 28,730 10,119 38,849
Camps fund 20000 20000
28,730 30119 58,849
TOTAL FUNDS 2,299,255 47,571 2 346,826
Incoming Resources Movement
resources
F		 expended
f		 in funds
F
Unrestricted
funds
General
fund		 464,242 (421,905) 42,337
Missionary
fund		 - designated (19,992) (19,992)
Gospel Support Wales
Fixed Asset Fund		 (472)
~4421)		 (472)
~4421)
464,242 (446,790) 17,452
Restricted funds
Missionary
fund		 / special appeals 181,483 (171,364) 10,119
Coffee shop fund 6,355 (6,355)
Camps fund 20,000 20,000
207,838 )177,719) 30,119
TOTAL FUNDS 672,D8D r624,509) 47,571

Comparatives for movement for movement in funds in funds
Net Transfers
movement between At
At 1/1/22 in funds funds 31/12/22
F
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)
~4.579)		 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
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Movement
resources
f		 expended
F		 in funds
E
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 ~181 050) ~24,374
TOTAL FUNDS 651.388 ~664,540) ~13,152)