| Registered | Charity number | 1123217 |
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| Principal Address | Celebration Trebor Building, Wern Trading Estate, |
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| Rogerstone, Newport |
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| Charity Trustees | Mr Michael Taylor, Mr Patrick Sparrow, Mr Barry Robberts, |
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| Mr Paul Van Essen | ||
| Bankers | HSBC, Bridge Street, Newport, Wales NP20 4UT |
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| Solicitors | Lawson, Lewis &Co.,37Brassey Avenue, Eastbourne, |
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| East Sussex | ||
| Governing | Document | 13th January 2008 |
| This gives the Trustees powers to exercise their discretion in |
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| the discharge oftheir responsibilities towards the charity and |
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| imposes no special restrictions upon them. |
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| Objectives | To advance the Christian faith, to relieve sickness and financial |
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| hardship and to promote good health. |
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| Public Benefit | The trustees are always mindful ofthe guidance published by the Charity commission on the public benefit. |
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| Activities and Achievements | The Charity is a community-based church. It meets every |
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| Sunday but is also open during the week to serve the | ||
| community. This includes a community coffee shop that |
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| includes a children's playroom, soft play, baby and toddler |
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| classes, and a Friendship group for lonely people. The building |
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| is also used by the scouts, and an archery class. There is also a | ||
| gym and music school. There is a large amount ofcommunity | ||
| use ofthe building during these times. The funds that are |
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| generated through rental are being reinvested into the building |
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| and its renovation. | ||
| The charity is currently going through the process ofbuying the |
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| building from which the Church operates. This has been made |
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| possible due to funding from the Welsh Government of f300,000, which isto be used solely forthe purchase and is |
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| designed for projects that serve the local community. Despite |
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| the challenges that have been posed by legal matters related to |
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| the sale, we are hopeful that final completion will be realised |
| Year ended 2 | 8th February | 2023 |
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| soon, thereby securing the long-term security ofthe Church and its |
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| community role. |
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| We have set ourselves atarget to ensure we have F17,000 in |
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| reserves to ensure financial viability and stability in the years ahead. |
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| Our income has increased over recent years, and we are focused on |
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| ensuring that the Church is financially robust enough to meet any future financial turbulence brought about by external factors. |
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| We continue to strive to improve our financial processes as our | ||
| budget increases. We have reached the financial milestone of now being able to support local start up community projects with free room hire. As we more forward, we aim we aim to increase this |
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| facility. | ||
| Recruitment and Training of new trustees |
The declaration oftrust states there must be a minimum ofthree trustees, but there is no maximum number prescribed. New trustees |
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| are appointed by a resolution ofthe existing trustees as a body. Appropriate training in the duties and responsibilities ofatrustee of a charitable organisation will be provided to any new trustee who |
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| may be appointed. | ||
| Reserves policy | The reserved fund represents the restricted and unrestricted funds from past operating results. The Trustees monitor the level of reserves and are satisfied the current level of reserves are sufficient |
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| to cover costs, the aim isto get three months of running costs as a | ||
| reserve by 2023. | ||
| Risk management | The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate any |
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| exposure to the major risks. |
| Res- | Unres- | 2023 | 2022 | ||
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| tricted | tricted | Total | Total | ||
| Notes | Funds | Funds | Funds | Funds | |
| Income | |||||
| The Loading Bay Kickstart Tithes &offerings Income tax recovered Building Fund gifts Room Hire |
42,258 19,801 43,796 9,744 1,750 37,113 |
42,258 19,801 43'796 9,744 1,750 37,113 |
12,918 16,186 38,464 7,348 3,550 37,996 |
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| Mandy lmlay fund Grants |
25,500 | 25,500 | 1,086 100 |
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| JRS Furlough scheme Grants Interest |
77 | 77 | 5,760 1 |
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| Other Total Incoming Resources |
236 180'275 |
236 180,275 |
1,517 124,926 |
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| Expenditure | |||||
| Ministers support Salary Gifts |
29,420 18,279 |
29,420 18,279 |
23,108 7,307 300 |
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| Premises rent &rates | 16,577 | 16,577 | 19,370 | ||
| Hospitality, function &event costs Light, heat &water Training &conferences |
2,549 15,709 1,205 |
2p549 15,709 1,205 |
676 14,041 888 |
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| Repair costs Travelling expenses |
4,205 5,084 |
4,205 5,084 |
2,925 938 |
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| Van expenses | 54 | ||||
| Children's Church &youth expenses |
81 | 81 | 49 | ||
| Kickstart costs The Loading Bay costs Membership &.subscriptions Office and promotion costs Insurances Professionalfees |
10,337 39,804 666 11,274 1,418 2,099 |
10,337 39,804 666 11,274 1,418 2,099 |
10,866 14,000 1,431 11,740 1,378 1,011 |
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| Total Resources Expended | 158,707 | 158,707 | 110,082 | ||
| Net Income/(Outgoing) Resources |
21,568 | 21,568 | 14,844 | ||
| Transfers between funds |
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| Total funds 28 February 2022 Total funds 29 February 2023 |
1 | 53,040 53,040 |
39,777 61,345 |
92,817 114,385 |
77,973 92,817 |
| Statement ofAssets and Liabilities at | the end of28 February 2022 | ||||
| Represented by: |
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| Tangible fixed assets 2 Cash at bank —current accounts Cash at bank —building account Cash at bank —Storfa (loading bay account) Cash at bank —Pleo top up account |
46,654 813 5,573 |
29,996 27,450 3,682 217 |
76,650 28,263 5,573 3,682 217 |
66,594 16,789 4,752 4,471 211 |
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| 53,040 | 61,345 | 114,385 | 92,817 |