||||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|
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|(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)|
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|||||||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|
##
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##
||||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|
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|||||||||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|
##
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##
|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|
##
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##
|||||||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)|
##
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