Company registration number.. 05741145
Charty registration number.. 1122810
Thornhill Church Trust
(A company limited by guarantee)
Annual Report and Finanaal Statements
for the Year Ended 31 March 2025
AIMS Accountants
C12
12 Cathedral Road
Cardiff
CF119LJ

Thornhill Church Trust
Contents
Reference and Administrative Details
Trustees, Report
2toS
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Noles to the Financial Statements
9t015

Thornhill Church Trust
Reference and Administrative Details
Chaimian
D McNeill
Trustees
R Prosser, Treasurer
M Hopkins
J Park
S Parsons
Stephen Burton
Rhys Evans
1122810
Charity Registration Number
Company Registration Number 05741145
The charty is incorporated in Wales.
Thornhill Church
Excalibur Drive
Thornhill
Cardrff
CF14 9GA
Registered Office
Independent Examiner
AIMS Accountants
C12
12 Cathedral Road
Cardiff
CF119LJ
Page 1

Thornhill Church Trust
Trustees. Report
The trustees present their annual report.
Objects of the Trust
The registered charitable objects of the Trust are..
1. The advancement of the Christian faith., and, to the extent that the same do not conflict with this first
object..
2. To promote the benefit of the residents of North Cardiff and rts surrounding area, on the basis of
equality of opportunity and in accordance with the law relating to discrimination, by associating
together the said residents and the local authorities, voluntary and other organisations in a common
effort to advance education, promote good health and to provide facilities for recreational and other
leisure time occupation, in the interests of social welfare, with the object of improving the conditions of
life for the residents., and
3. The relief of poverty.
Fulfilling the Objects
The vision of Thornhill Church is: Building a community of Jesus, disciples, and inviting the world to
encounter Him.
Our mission is to worship God, and in doing that to witness to Jesus Christ in such a way that
unbelievers become believers and together we grow to become fully mature servants of Christ.
The Trust is committed to enabling as many people as possible to worship at our church and to
become part of the church community. We try to enable ordinary people to live out their faith as part of
our community.
In pursuit of our objects Thornhill Church pursues the following policies..
(al to hold church-wide services for Christian worship, fellowship and teaching, along with smaller
home groups for Bible study, fellowship and prayer.,
(bl to help meet needs in the local community., and
(c) to operate a centre for Christian worship and teaching, which is also used by the church for
ministry to others, and by the community for educational and leisure activities.
2. To support Ihrough prayer, finance and practical action, the work of Christian missionaries and aid
workers.
Review of the Year
The overall size of the church membership has increased during the year. There are now around
125 adults and 50 kidsrteens, representing many nationalities.
Church seNi¢es have been held weekly in our building and on-line Se￿iceS have continued in order
to reach people who for various reasons are unable to attend physical services. We have continued to
have age-appropriate activities for younger people, with Tots Time (up to age 4), Junior Church
(school years reception to 5) and No Limits (school years 6 - 9).
We now have 11 small groups that meet in homes, the church or even one in a local pub. Most are
in English but one is in the Russian language, mainly attended by Russians and Ukrainians.
We have held the Alpha Course for those seeking to know more about Christianity, and followed that
up with the Bible Course.
Page 2

Thornhill Church Trust
Trustees, Report
We have been glad to Work with our local primary school to assist in assemblies.
The church employs a fulltime pastor. and we have had a pastoral assistant throughout the year.
Their presence has significantly benefrted the work across the Trust.
We continue the process to recruit a new part time youthlchildren's worker and we are disappointed
that we were unable to find a suitable Candidate last year.
We hold meetings during the week to help particular groups in the communily, Meeting Point for
seniors, 1 st Time Mums for first time mums: Tots n Toys for the parents and carers of 0 - 4 year olds
and SNY for high school age kids.
Our Lighthouse Nursery has been open again through the year to serve pre-school children and
their parents in the Thomhill area by providing the best environment to develop the whole child.
Our Cariad Café continues to serve the general public three days per week.
We have continued to hire out room space and this has been used for local community causes as
diverse as birthday parties, the "Rock Project" and the "Forget-me-not Choirf.
We are pleased to continue to partner with Wales Korean Church, which holds meeting5 every
Sunday afternoon in our building.
The Trust has supported Christian Work in other parts of South Wales through support of ministries
such as TAVS Tavistock Street that works wth the homeless, a Prison Oulreach Team that visits
Cardrff Prison monthly, and a Street Evangelism Team that shares the gospel in north Cardiff.
Additionally, space has been provided to run a foodbank for local people. We have also been working
more closely with Mercy Church in Adamsdown, Cardiff, to assist the new work there.
Along with three other churches we are supporting Chnstians Against Poverty by providing financial
support for a staff member working wrth dients in north Cardiff.
Regarding Christian work in other parts of the wodd, the Trust has given support to Christian work
and workers in the UK. Tanzania, Papua New Guinea, Uganda and Ukraine.
We have provided information on the various ministries to allow individuals to support them in
prayer, by personal intervention or financially,. we have done this through fomial reports, news-sheets
and the personal reports of a number of missionaries and representatives who have spoken at
seNices and special meetings.
The Trustees have considered the activities of the Trust during the year and are content that they are
for the benefit of the public.
Review of Finances
The Trust was formed and registered at Companies House on 13 March 2006. It became registered
as a charity Wlth effect from 15 February 2008 and carried out rts first actions on 1 April 2009. In
March 2016 the Thornhill Church Cardrff (Charity number 1049255) was dissolved and all the assets
were transferred to the Thomhill Church Trust.
Unrestncted income for the year was £324,931 and costs were £309,499. giving rise to a net surplus
of £15,432 (prior year £7,502). Within that we note a drop of £9,437 in voluntary donations despite an
increase in members, and attribute this to the continued difficult economic squeeze in the UK, and
hope that this will ease in future years.
Page 3

Thornhill Church Trust
Trustees, Report
The Trustees have considered the amount of reserves in view of currenl circumstances, extant
guidance and with a view lo future changes in accounting regulations. The Unrestrided Reserves total
£509,591. After adjusting for fixed assets this amounts to £272,680. This level is higher than
anticipated a5 we have failed to recruit a youthlchildren's worker. Had we recruited one then we would
have produced an operating deficit for the last 2 years. Since we continue to seek such a worker the
Trustees designate £80,000 towards such future costs. In view of the age of the building we anticipate
the need to renew aspects of the intenor build and mechanics and potentially some exterior surfaces.
We will be considering the prioritisation, timing and costs in more delail in the coming year but expect
costs to be in the region of £80,000 - £120,000 on this. We also expect to increase the annual funds
spent in support of Mission causes,. it is too early to specify this but we hope the increase to be in the
region of £5,000 - £10,000. Taking these into account our free funds Iroundedl would be in the region
of £62,000 £107,000. We noted above the uncertainty in respect of voluntary donation income. We
think Ihat the income from charitable activities can only increase incrementally to offset this. As
result we feel cautious about reducing the free reserves excessively until voluntary donation income
increases, which may only be known when general economic circumstancès improve in the country.
At that point we would hope to reduce the free reserves further.
People
The Trust employed 16 people during the year. We also had the services of volunteers covering over
100 'sessions" {many volunteers cover more than one "session"). These "sessions" support almost
every part of the work of the church noted in this Report. During a Sunday service volunteers might
comprise the Welcome Team. Ihe Musical Worship Team, the AV Team, the three "junior. teams, and
sometimes the preacher. During the week volunteers would comprise the teams for Tots n Toys,
Meeting Poinl, 1 st Time Mums and the 11 Small Groups, and would complement the staff in Cariad
Café. Behind the scenes, volunteer Safeguarding Officers work along with the Church Administrator to
ensure safeguarding standards are met, and the Elders, all volunteers but one, meet to plan and
guide the progress of Ihe Church.
The Trustees would like to express their sincerest thanks lo all these, whether employees or
volunteers, for their service lo God, the church and the community, in their own individual capacity.
The Trust would be absolutely unable to operate as il does without them.
Governance
The organisation is a company limited by guarantee and a registered charrty. The company was
established under a Memorandum of Association, which established the objects and powers company
and is governed under its Articles of Association. In Ihe event of the company being wound up
members li.e. Trustees) are required to contribute an amount not exceeding £10.00 each. The
Trustees are also Directors.
In addition to the Trustees, there are also Elders of Thornhill Church, which has documented its
statements of faith and mission and the responsibilities of members and leaders. All of the Trustees
are members of Thornhill Church.
The Trustees during the period were as follows..
DA McNeill (Chairl
RS Prosser (Treasurer)
M Hopkins
J Park
S Parsons
We have been seeking addilional Trustees and discussed potential new Trustees with the church.
Two were appointed after the year-end (16 May 2025).
Page 4

Thornhill Church Trust
Trustees. Report
The church Elders meet weekly to commit the work of the church to God, to consider the issues, risks
and opportunities facing the church and prayerfully to plan appropriate actions. Leaders are advised
by members of the church OT by external experts as appropriate to the issue. Significant matters are
brought before the church members for open discussion and agreement.
The Trustees meet as a minimum quarterfy and consider regulatory, employTnent and financial
aspects of the Trust's operation. This includes reviewing the past and considering the future.
Through the above mechanisms the Trustees have considered the main risks to which the Trust was
exposed and have taken appropriate adion to mrtigate those risks.
Responsibilrties of Directors
The Directors recognise their responsibilities under the Companies Acts to prepare financial
statements that give a true and fair view of the state of affairs of the company and of rts income and
expenditure for the financial year. In preparing the accounts the Directors are required to..
Select suitable accounting poliaes and apply them consistently.,
Make sound judgements and estimates that are reasonable and prudent: and
Prepare financial statements on the going concem basis unless it is inappropriate to presume that
the charity will continue in operation.
The Diredors are responsible for maintaining proper accounting records that disclose with reasonable
accuracy at any time the financial position of the company and to enable them to ensure that the
financial statements comply with the Companies Ad. They are also responsible for safeguarding the
assets of the company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
The annual report was approved by the Trustees of the chanty on 24 July 2025 and signed on rts
behaw by..
R Prosser
Trustee
Page 5

Thornhill Church Trust
Independent Examiner's Report to the trustees of Thornhill Church Trust ('the
Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company land also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 20061'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required lo be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145{5)Ib) of the 2011 Act.
Independent examiner's ststement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination
because l am a member of, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe..
1. accounting records were not kept in respect of Thornhill Church Trust as required by section 386
of the 2006 Act., or
2. the accounts do not accord with those records,. or
3. the accounts do not comply wrth the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view, which is not a matter
considered as part of an independent examination., or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities [appli¢able to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102)].
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 understanding of the
accounts to be reached.
Rachel Gibso
FCCA
C12
12 Calhedral Road
Cardrff
CF119LJ
24 July 2025
Page 6

Thornhill Church Trust
Statement of Financial Activities for the Year Ended 31 March 2025
{Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Total
2025
Total
2024
Unrestrlcted
Note
Income and Endowments from:
Voluntary income
Charitable activities
Investment income
155,440
166,093
3,398
155,440
166,093
3,398
164,877
153,931
2,881
Total Income
324,931
324,931
321,689
Expenditure on:
Charitable activities
Governance costs
1308.6591
1308,6591
840
{312,7471
1,440
Total Expenditure
309.499
309,499
314,187
Net income
15,432
15,432
7,502
Net movement in funds
15,432
15,432
7,502
Reconciliatlon of funds
Total funds brought forward
Total funds carried forward
494,159
494,159
486,657
494,159
509.591
509,591
All of the charity's activities derive from continuing operations during the above IMO periods.
The notes on pages 9 to 15 form an integral part of these financial statements.
Page 7

Thornhill Church Trust
(Registration number: 05741145)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
236,911
243,530
Current assets
Debtors
Cash at bank and in hand
2,393
273,922
2,201
250,244
252,445
10
276,315
Creditors: Amounts falling due within one year
13.635
{1,816)
Net current assets
272,680
250,629
Net assets
509,591
494,159
Funds of the charity:
Unrestricted income funds
Unrestn¢ted funds
509,591
494,159
Total funds
509,591
494,159
The financial statements on pages 7 to 15 were approved by the tTUStees, and authorised for issue on
24 July 2025 and signed on their behalf by=
sfrrtj
RPro
ser
Trustee
The notes on pages 9 to 15 forn an integral part of these financial statements.
Page 8

Thornhill Church Trust
Notes to the Financial Ststements for the Year Ended 31 March 2025
1 Charity status
The charity is limrted by guarantee. incorporated in Wales, and consequently does not have share
caprtal. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of
the charity in the event of liquidation.
The address of its registered office is-.
Thornhill Church
Excalibur Drive
Thornhill
Cardiff
CF14 9GA
These financial statements were authorised for issue by the trustees on 24 July 2025.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the Preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented. unless othe￿iSe
stated.
Statement of compliance
The financial statements have been prepared in accordance wrth Accounting and Reporting by
Charities.. Statement of Recommended Practice (applicable to charrties preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021) (issued in October 2019) - (Charities SORP (FRS 102)). the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Thornhill Church Trust meets the definrtion of a public benefrt entty under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the
relevant accounting policy notes.
Going concern
The Iruslees consider thal there are no material uncertainties about the charity's ability to continue as
a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by
the charity.
Governance costs
These include the costs attTibutable to the charity's compliance with constitutional and statutory
requirements, including audit, stralegic management and trustees meetings and reimbursed
expenses.
Page 9

Thornhill Church Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of
the asset received or receivable. Grants are classrfied as relating either to revenue or to assets.
Grants relating to revenue are recognised in income over the period in which the related costs are
recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where
part of a grant relating to an asset is deferred, rt is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
arsd therefore it meets the definrtion of a charrtable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assels costing £500.00 or more are initially recorded at cosl, less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
Depreclation and amortlsation
Depreciation is provided on tangible fixed assels so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows..
Depreclation method and ratg
20 % straight line basis
evenly over 50 years
Asset class
Fixtures and fittings
Leasehold land and buildings
Cash and cash equivalents
Cash and cash equivalenls comprise cash on hand and call deposits. and other short-temi highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charity.
3 Voluntary income
Page 10

Thornhill Church Trust
Notes to the Financial Ststements for the Year Ended 31 March 2025
Unrestricted
Total
2025
Total
2024
General
Donations and legacies-
Other donations
Gift aid reclaimed
Gift aided donations
Grants, including capital grants-
Government grants
21,632
27,131
106,677
21.632
27,131
106,677
13,972
31,406
114,152
5,347
155,440
155,440
164,877
4 Income from charitable activities
Unrestricted
Total
2025
Total
2024
General
Fees and supplies
166,093
166,093
153,931
5 Expenditure on charitsble activities
Unrestricted
Total
2025
Total
2024
General
Note
Direct costs
Cost of goods sold
Staff costs
Eslablishment costs
Repairs and maintenance
Office expenses
Printing, postage and stationery
Subscriptions and donations
Cleaning
Ministry and Mission
Bank charges
Depreciation of tangible fixed assets
13,864
206,237
16,092
9,599
1.876
1.887
3.243
7.735
38,219
939
8,968
13,864
206,237
16,092
9,599
1,876
1,887
3,243
7,735
38,219
939
8,968
19,578
183,279
12,742
27,759
1,801
2,679
3,865
8,086
41,803
1,021
10,134
308.659
308,659
312,747
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Thornhill Church Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Total
expenditure
In addition to the expenditure analysed above. there are also govemance costs of £840 {2024
£1,440) which relate directly to charrtable activities. See note 6 for fvrther details.
6 Analysis of governance and support costs
Governance costs
Unrestricted
funds
General
Total
funds
Accountancy fees
Total for 2025
Total for 2024
1,440
1,440
7 Trustees remuneration and expenses
No trustees, nor any persons connected wrth them, have received any remuneration from the charity
for their duties as trustees.
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Thornhill Church Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Tangible fixed assets
Land and
bulldlngs
Furniture and
equipment
Total
Cost
At 1 April 2024
Additions
302,594
106,486
2,349
409,080
2,349
At 31 March 2025
302,594
108,835
411,429
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
67,328
6,052
98,222
2,916
165,550
8,968
73,380
101,138
174,518
Net book value
At 31 March 2025
229,214
7,697
236,911
At 31 March 2024
235,266
8,264
243,530
Included within the nel book value of land and buildings above is £Nil {2024 £Nil) in respect of
freehold land and buildings and £229,21412024 - £235,266) in respect of leaseholds.
10 Cash and cash equivalents
2025
2024
Cash at bank
273,922
250.244
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Thornhill Church Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
11 Creditors: amounts falling due within one year
2025
2024
Other taxation and sctial securty
other creditors
2,333
1,302
861
955
3,635
1,816
Page 14

Thornhill Church Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
12 Staff costs
The aggregate payroll costs were as follows..
2025
2024
Wages and salaries
204,679
182,234
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year was as follows..
2025
2024
employees
16
No employee received emoluments of more than £60,000 during the year.
Page 15