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|Registered|Charity number|1123217|
|---|---|---|
|Principal Address||Celebration<br>Trebor Building, Wern Trading Estate,|
|||Rogerstone,<br>Newport|
|Charity Trustees||Mr Michael Taylor, Mr Patrick Sparrow,<br>Mr Barry Robberts,|
|||Mr Paul Van Essen|
|Bankers||HSBC, Bridge Street, Newport,<br>Wales NP20 4UT|
|Solicitors||Lawson,<br>Lewis &Co.,37Brassey Avenue,<br>Eastbourne,|
|||East Sussex|
|Governing|Document|13th January 2008|
|||This gives the Trustees powers to exercise their discretion<br>in|
|||the discharge oftheir responsibilities<br>towards the charity and|
|||imposes no special restrictions<br>upon them.|
|Objectives||To advance the Christian<br>faith, to relieve sickness and financial|
|||hardship<br>and to promote good health.|
|Public Benefit||The trustees are always<br>mindful<br>ofthe guidance<br>published<br>by<br>the Charity commission<br>on the public benefit.|
|Activities and Achievements||The Charity<br>is a community-based<br>church.<br>It meets every|
|||Sunday but is also open during the week to serve the|
|||community.<br>This includes<br>a community<br>coffee shop that|
|||includes<br>a children's<br>playroom,<br>soft play, baby and toddler|
|||classes, and a Friendship<br>group for lonely people.<br>The building|
|||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<br>during these times. The funds that are|
|||generated<br>through<br>rental are being reinvested<br>into the building|
|||and its renovation.|
|||The charity<br>is currently<br>going through the process ofbuying the|
|||building<br>from which the Church operates. This has been made|
|||possible due to funding<br>from the Welsh Government<br>of<br>f300,000, which<br>isto be used solely forthe purchase<br>and is|
|||designed for projects that serve the local community.<br>Despite|
|||the challenges that have been posed by legal matters<br>related to|
|||the sale, we are hopeful that final completion<br>will be realised|





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|Year ended 2|8th February|2023|
|---|---|---|
|||soon, thereby securing the long-term<br>security ofthe Church and its|
|||community<br>role.|
|||We have set ourselves<br>atarget to ensure we have F17,000 in|
|||reserves to ensure financial<br>viability<br>and stability<br>in the years ahead.|
|||Our income has increased<br>over recent years, and we are focused on|
|||ensuring that the Church<br>is financially<br>robust enough to meet any<br>future financial turbulence<br>brought<br>about by external factors.|
|||We continue to strive to improve our financial processes as our|
|||budget increases.<br>We have reached the financial<br>milestone<br>of now<br>being able to support<br>local start up community<br>projects with free<br>room hire. As we more forward, we aim we aim to increase this|
|||facility.|
|Recruitment<br>and Training<br>of new trustees||The declaration<br>oftrust states there must be a minimum<br>ofthree<br>trustees,<br>but there is no maximum<br>number<br>prescribed.<br>New trustees|
|||are appointed<br>by a resolution<br>ofthe existing trustees as a body.<br>Appropriate<br>training<br>in the duties and responsibilities<br>ofatrustee of<br>a charitable<br>organisation<br>will be provided to any new trustee who|
|||may be appointed.|
|Reserves policy||The reserved<br>fund represents<br>the restricted<br>and unrestricted<br>funds<br>from past operating<br>results. The Trustees monitor the level of<br>reserves and are satisfied the current<br>level of reserves are sufficient|
|||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<br>is<br>exposed and are satisfied that systems are in place to mitigate<br>any|
|||exposure to the major risks.|





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|||Res-|Unres-|2023|2022|
|---|---|---|---|---|---|
|||tricted|tricted|Total|Total|
||Notes|Funds|Funds|Funds|Funds|
|Income||||||
|The Loading Bay<br>Kickstart<br>Tithes &offerings<br>Income tax recovered<br>Building<br>Fund gifts<br>Room Hire|||42,258<br>19,801<br>43,796<br>9,744<br>1,750<br>37,113|42,258<br>19,801<br>43'796<br>9,744<br>1,750<br>37,113|12,918<br>16,186<br>38,464<br>7,348<br>3,550<br>37,996|
|Mandy<br>lmlay fund<br>Grants|||25,500|25,500|1,086<br>100|
|JRS Furlough<br>scheme Grants<br>Interest|||77|77|5,760<br>1|
|Other<br>Total Incoming<br>Resources|||236<br>180'275|236<br>180,275|1,517<br>124,926|
|Expenditure||||||
|Ministers support<br>Salary<br>Gifts|||29,420<br>18,279|29,420<br>18,279|23,108<br>7,307<br>300|
|Premises rent &rates|||16,577|16,577|19,370|
|Hospitality,<br>function<br>&event costs<br>Light, heat &water<br>Training &conferences|||2,549<br>15,709<br>1,205|2p549<br>15,709<br>1,205|676<br>14,041<br>888|
|Repair costs<br>Travelling<br>expenses|||4,205<br>5,084|4,205<br>5,084|2,925<br>938|
|Van expenses|||||54|
|Children's<br>Church &youth expenses|||81|81|49|
|Kickstart costs<br>The Loading Bay costs<br>Membership<br>&.subscriptions<br>Office and promotion<br>costs<br>Insurances<br>Professionalfees|||10,337<br>39,804<br>666<br>11,274<br>1,418<br>2,099|10,337<br>39,804<br>666<br>11,274<br>1,418<br>2,099|10,866<br>14,000<br>1,431<br>11,740<br>1,378<br>1,011|
|Total Resources Expended|||158,707|158,707|110,082|
|Net Income/(Outgoing)<br>Resources|||21,568|21,568|14,844|
|Transfers between<br>funds||||||
|Total funds 28<br>February 2022<br>Total funds 29<br>February 2023|1|53,040<br>53,040|39,777<br>61,345|92,817<br>114,385|77,973<br>92,817|
|Statement ofAssets and Liabilities at|the end of28 February 2022|||||
|Represented<br>by:||||||
|Tangible fixed assets<br>2<br>Cash at bank —current accounts<br>Cash at bank —building<br>account<br>Cash at bank<br>—Storfa (loading bay account)<br>Cash at bank<br>—Pleo top up account||46,654<br>813<br>5,573|29,996<br>27,450<br>3,682<br>217|76,650<br>28,263<br>5,573<br>3,682<br>217|66,594<br>16,789<br>4,752<br>4,471<br>211|
|||53,040|61,345|114,385|92,817|