Glenwood Church Annual Report and Accounts For the year to 31 March 2025 Contents Charity knfornution Report of the Trustees Report of the Independent Examiner Statement of Financial Artivities Balance Shect 10 Notes to tbe Accounts 11-20 Glenwood Church - Annual Report for the Year to 31 March 2025 Charity Information Charity Name: Glenwood Church Charity Nurnbet: 1125128 Registcrcd Office: Glenwood Church Centrc Circle Way West Llan¢ikyrn Cardiff CF23 6UW Trustees: Norman Adams Laura Bradford Clive Evans Paul Francis Tirnothy Lockwett Esther Mantle Robert Parsons (Appointed I st June 2024) (Appointed 1st June 2025) Senior Church Leader Paul Francis Independent Examiner: Steve Ellum Steve Ellum & Associates Ltd Adulam House Glan Yr Afon Llanelli SAI 5 3QB Bankers: The Co-operative Bank plc PO Box 250 Delf House South Way Skelmersdale WN8 6WT Solicitors Loosemores Alliance House 18119 High Street Cardiff CFIO IPT Glenwood Church- Annual Report for the Year to 31 March 2025 Report of the Trustees For the Year to 31 March 2025 The trustces present their r¢port and the independcntly examined financial statements of the charity for the year ended 31 MaTch 2025. The financial statcments comply with the Charities Act 2011. the Trust Deed, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irclalld (FRS 102) (effective l January 2019). Objectlves of the Trust Glenwood Church is a ￿Mmunity of followers of Jesus Cl]risL committed to living by faith, to be known by lov¢, and to be a voice of hope. We are a diverse group of people who are part of a broken and fragmented humanity, which, by God's grace, can be transfornied into a community that is healcd and restored. We w¢l¢ornc people from all walks of life, regardless of where thcy are in th¢ir spiritual journey. The Objects of the tnist, all for thc benefit ofthe public, and as given in the amend¢d Truyl Deed, are: To advance the Christian faith in such ways and in such parts of th¢ United Kingdom or th¢ world as the trustees from time to time may think fit To advance education in such ways and in such parts of the United Kingdorn or the world as th¢ trustees from time io time may Ihink fit To relieve sickness and financial hardship and to promote and prcserve good hcalth by the provision of funds, uods ur ¥¥rviL¥S uf ￿lY kitid includiiig through th¢ provision of counsclling and support in such parts of the Unitcd Kingdom or th¢ world as the Trust¢¢s from time lo time may think fit Tli¥ pi'ulLLlioii alld prcscrvatioii of the environmcnt, in particular thc built cni￿OnMCnt, for the benefit of the public by thc maintenance repair or restoration of any building or structure which is of historic or architectural intcrest or is a place of religious worship The Trustees use the income and the capital of the Church in promoting these Objects for the public benefit. The Trustees rcview thc aims, objectives and activitics each year. The outcome8 of the Trust's work ovcr this reporting year are set out below. In particular, we present the huge range of outcomes in keeping with the above objects. and the benefits they have brought to thc groups of pcople we are sct up to help. We have relcrred to thc guidance contained in the Charity Commission's gcneral guidance on public benefit, and kccp it in mind in all developments, to ensure that all our activities are deliv¢ring benefit to the public, &8 defined there. Objeetlves and actlvltles Through our pro￿amMe we aim to: Encourage one another to be peopl¢ who know and love Gol p¢ople who are passionat¢, spiritually healthy and engaged in our loc￿ communiti¢s' Be agents of change in and through thc communities w¢ ar¢ involved in. Serve the poor, the marginalizcd, the victimized and powerles8 of our world, regardless of race, religion, gendcr, disability and scxual orientation. Reco￿ls¢ and develop th¢ latent gift in all of us. Serve the wider church community in Cardiff and South Wales. To finish and open new wellbeing space. To continue to fundraise for w¢llb¢ing space. To run a number of courses on healthy eating for local community. To run course on stress nwlagement lor local cornmunity; To explore different ways to help peoplc on their journey of discovery of faith. Glenwood Church- Annual Report for the Year to 31 March 2025 Objectives and activities (continued) To continue discussions about Icadership succession planning: To run internship programme with different model; To develop our partnership with the local health centre" To support our youth workcr in the development of the work; To support children's worker in training for 'Play Therapy,; To host a "spiritual direction, week. To develop relationships with churches across South Wales" To partner with churches throughout Wales for the extension of God's Kingdom; To develop and facilitate crcativity in the local church: To support, train and develop small ￿0upS of people living out their faith in the local community; To see our parthership with people from Glenwood swerving overseas. Achievements and performance During the year we: Continu¢d the development our community work througb Food Pantry and Thursday Lunch Club, Knitting and Indoor bowls. Continued with our Wcck of Prayer in the Summcr; Ran 3 Bereavcmcnt Courses, 2 Stress Managcmcnt Courses. and hcalthy eating courses. Hosted 4 events on 'Faith though Arf. Increased our range of therapeutic care through the Wellbeing Space. Continu¢ our partncrbhip with churche5 in Cardiff and Wal¢s; Increased our hirc ofrooms and halls in the building, particularly from people and organisalions that are based in the local community. Also used by Council to deliver courses for local comrnunity; Continued to support and develop our children's and young pcople's work though our two members Ran many youth and children activities throughout thc week. Dcveloped our food distribution at our TAVS Centrc for vulnerable peoplc. Ran some therapeuti oups: Developed our work with local schools- primary school doing conc¢rts and 6 Carol conccrts in the building. Our 'residency' tcam weekly visited our secondary schools; Continued our discussion with church on transition handover of youth work from Laura Bradford to Isaac Camilleri and with leadership. Paul Francis to Laura Bradford; Continued our support and development of small groups: Took a traincc Chaplin to help with serving both th¢ church and local ¢ommunity; Offered Spiritual D1￿ctIon from qualified people within the Church. Offer¢d trained play therapist for children experiencing trauma. Public beneflt Th¢ Trust¢¢8 have paid due regard to the Charity Comrnission guidance on public benefit in d¢ciding what activities the charity should undertake. The paragraphs above provide further infoTmation. Structure, Governance and Management Governlng document Glenwood Church is a registered charity governed by its Trust Deed dated 5 June 2006 as amended by resolution dated 14 Octobcr 2008 as amended 21 December 2008. Board of Trustees The trustees are members of the Church and ar¢ a combination of members of the main lead￿ship team and other appropriate people. They are appointed jointly by the tiiistecs and leadership team. Glenwood Church - Annual Report for the Year to 31 March 2025 OrganisAtIoD The trustees review the fllmncial perfornthnee of the cbarity at each meeting, as well as a review of the fabric of the buildings and employment issues. Day to day leadership of the churcb is carried out by the church's IGadcrship team, which meets monthly and is chaired by the Senior Leader, Paul Francis. A number of people take responsibility for the church and trust finance and adminigtration, supported by 0.6 whole-time-equivalent bookkeepers. Each month, a report of the financial position is taken lo the monthly Church Leadership meeting. A financc team meets thrcc timcs a year to monitor cash flow. Thc trustees mcet at Icast three times a ycar. Inducdon and training of Trustees The need for new trustees is reviewed regularly, and when appropriate, possible names are prcsented at a trustee Meeting for consideration. The existing trustees mak¢ any new appointments, for an indcfinite period. New tnistees are given copies of ihc governing documents, appropriate Charity Commission inforniation and recent trust￿ minutes. TnL8tecs ar¢ encouragcd to attend external training events, where th¢s¢ will be of bcncfit to th¢ir role. Related Parties Glenwood Church works closely with Hope Trust (1161235), Action in the Community Trust (1019973) and Going Public Trust (1019789). There aTe some trustees who act as trustees of more than one of these charities. Glenwood Church supports Going Public's work in ubing creativc and pcrfonnance in schools, and hosts their internship programme. Glenwood also support Hop¢ Trust io its work with some of the most vulncrablc in our society and also Aclion in thc Community's worK in helping those in debt and who have nced for advice with welfare benetits and legal problems. Glcnwood Church is also related to Care for the Family through trustees and leaders, but there are minimal transactions between the two. All transactions between the organisations are accounted for appropriately. Rlsk Management Tlie iiwiagcnieAIt committee regularly rcvicws thc major risks to whicb the charity is exposed and 8y8tem8 arc established to mitigatc these risks. Thcse proccdures are pcriodically reviewed to ensure that they still meet the nccds of the charity. Financial Review Results Net incoming resourcctj for thc year amount¢d to £25,041 (2024: £13,765 outgoing). Unrestricted funds carri¢d forward at the year end were £1,991,223 (2024: £1,977,812). Restrict￿ funds carried forward at the year end were £19.746 (2024: £8,116). Key Management Personnel Remuneratlon Key management pcrsonncl remuneration is set in lin¢ with remuneration for similar roles in other cbaritable organisations. Golng concern Thc trustees continue to closely monitor the trading perfonnance of the charity in the light of very challenging times for the charity sector. They recognise the need lo increase income and control costs and to secure the financial posltion of th¢ Charity. Thesc step5 include working closely with other charities, sharing r¢souw¢8, increasing income from hires of charity facilities, and reviewing monthly perfonnance against budgets. Thcy have therefore prepared these accounts on a going concern basis. Glenwood Church- Annual Report for the Year to 31 March 2025 Reserves pomcy The Trustees bave established a policy whereby the unrestricted funds. not committed or invested in tangible fixed assets (the free reserves") beld by the charity. and given the significant financial risks faced by charities nowadays, will be retained on deposit as a contingency fund, up to £40,000, over coming years. Free reserves are currently £28,748 (2024: £19,812) and the charity continues to develop its fundraising to meet the free reserves target. Investment policy The trustees have considered that cash funds should be deposited in low risk deposits and are includcd as current assets (cash at bank). Plans for future periods In the year April 2025 to March 2026, to further advance our aims for the public benefiL these are som¢ of our plans: Laura becomes Senior Leadcr as Paul stcps down from role; Buy a new building for the work 8t TAVS ¢nabling the work to develop and offer more support to the vulnerable cornmunitics; To ¢stablish a 'Sacrcd Space, within TAVS building for those who want to cxplore spirituality; To develop more therapeutic course in TAVS. Establish. within Glenwood, a group for those seeking to explore faith; Continue to dcvelop 'Faith though Art To continue to Greate an inviting inclusive church expressed through our values; To continue to have a Sunday gaihering that is vibranl. accessible and inviling to all p¢ople' Continue to develop our Wellbeing Course and Bereav¢ment journey. To broaden our range of therapeutic care through the Wellbeing Space; To continuc our partnership with churches in Cardiff and Wale8' To continue to hire out rooms and halls in the buildillg, particularly from people and organisations that arc based in the local community: To continue to support and develop our childrcn's and young people's work though our Iwo members To support 14op¢ Trust and their work with 'residency' and young adults. Glenwood Church- Annual Report for the Year to 31 March 2025 Responsibilities of the Trustees The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Law applicablc to charities in Engjand and Walcs rcquires the trustecs to PTepare financial statcments for each financial year which give a true and fair view of charity and of thc incoming resources and application of resources of the cbarity for that year. In prepaTing these fAnancial statements thc trustees are required to: select suitable accounting polici¢s and then apply them consistently; obs¢rve the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudcnt. state whether applicable UK Accounting Standards have been followe(L subject to any material departures disclosed and explained in the financial statements. and prepare thc financial statements on the going concern basis unlcss it is inappropriat¢ to presum¢ that the charity will continue in operation. The trusiees are ￿spOnSible for keeping proper accounting ￿CordS which disclo￿ with reasonable accuracy at any time the financial position of the charity and ¢nable them to ensur¢ that the financial stalcmcnts comply with th¢ Charities Act 2011 and applicablc Charity (Accounts and Reports) Regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonabl¢ steps for the prevention and detection of fraud and other irregularities. On behalf of the board Cllve Evan8 Trnstee Paul Franel8 Trustee Date: 6 January 2026 Glenwood Church - Annual Report for the Year to 31 March 2025 Independent Examiner's Report To the Trustees of Glenwood Church For the Year to 31 March 2025 Independent examlner'& report to the trustees on the ullaudited f￿anCIal statements of Glenwood Church. I report on the accounts of Glenwood Church for the year ended 31 March 2025 set out on pages 2 to 20. Responslbllldes and basls of report As thc charity's trustees, you are rcsponsible for the preparation of the accounts in accordance with th¢ requiremcnts of the Charities Act 2011 ("th¢ Act,). I report in respect of rny examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlner's Statement The charity's ￿085 income exceeded £250,000 and I am qualified to undertake thc cxamination by being a qU￿lfied member of the Institute of Chartered Accountants in England ond Walcs. I have cornpleted my examination. I confm that no material matters have come to my attention in connection with the exarnination giving me cause to believe that in any material respect: l ) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2) the accounts do not accord with those records. or 3) the accounts do not comply with the applicable requirements conc¢rning the forni and contcnt of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Steve Ellum & Assoclates Chartered Accountant Independent Examiner Adulam House Glan Yr Afon SA15 3QB Dats: 6 January 2026 Glenwood Church- Annual Report for the Year to 31 March 2025 Statement of Financial Activities For the Year Ended 31 March 2025 Unrestricted Restricted funds funds Total 2025 Total 2024 Notes Income from: Donatlons and legacies 310,070 71,775 381,845 318,584 Charltable activities 43,004 43,004 20,152 Investments 544 544 265 Total Income 353,618 71,775 425,393 339,001 Eipendlture nn: Raislng fund8 Charitable activitie8 4.732 350,475 4,732 395,620 4,553 348,213 45.145 Total Expendlture 355,207 45,145 400,352 352.766 Net (ezpendlture)Ilncome and Net movemenl In funds before transfers (1,589) 26,630 25,041 (13,765) Transf¢rs between funds 16 l5,000 (15,000) Net Incomel(expendlture) And Iyet movement in funds 13,411 11,630 25,041 (13,765) Reconclllatlon of Fundg Total funds brought forward 1,977,812 8,116 1,985,928 1,999,693 Total fund8 earrled forward 1,991,223 19,746 2,010,969 1,985,928 The statement of financial activities includ¢s all gains and losses in the year and th¢refore a separat¢ statement or total recognised gain5 and losses has not been prepa￿d. All of the above amounts relate to continuing activities. The notes on pages 14 to 20 forD] Part of these flnallcial statements. Glenwood Church - Annual Report for the Year to 31 March 2025 Balance Sheet at 31 March 2025 2025 2024 Note% Flxed assets Tangible assets 11 1,933,406 1,969,607 Total fixed assets 1,933,406 1,969,607 Current assets Debtors Cash at bank and in halld 12 8,113 78,809 24,329 41,219 86,922 65.548 Creditors: Amounts falling due within one year 13 (9,359) (31,784) Net current a8sets 77,563 33,764 Total ajseti less current llabllltles 2,010,969 2,003.37 I Creditors." Amounts falling due after more than one year 14 (17,443) Net asjets 2.010.969 1,985,928 Repre8ented by: Unrestricted funds Restricted funds 15 16 1,991,223 19,746 1,977,812 8,116 2.010.969 1,985,928 These financial statements were approved and authorised for issue by the trustees and signed on their behalf by: Cllve Evans Trustee Paul Francls Date.. 6 January 2026 10 Glenwood Church - Annual Report for the Year to 31 March 2025 Notes to the Account8 for the year ended 31 March 2025 Company information Glenwood Church is a registered ckthrity number 1125128. The registered office is Glenwood Church Centre, Circle Way West, Llanedeyrn, Cardiff CF23 6UW. Atcountlng Policiex The principal accounting policies are suMn￿5ed below. The accounting policies have been applied consistently throughout the year and the preceding year. Basis of preparadon of flnancial statements The financial statements havc bccn preparcd in accordance with Accounting and Reporting by Charities: Statcment of Rccommended Practice applicable to charities prcparing their dccounts in accoTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (fRS 102) ) (effective January 2019) - (Charities SORP (FRS102)), the Charities Act 2011 and UK Generally Acc¢pt¢d Practice as it applies from l January 2019. Glenwood chU￿h meets the definition of a public benefit entily under FRS102. Assets and liabilitics are initially rccognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. Thc tNstees continu¢ to pursue strategies to increase the number of grants and donations necded to fund th¢ work, and hence these accounts have been prepa￿d on a Going Concern basis. The financial ststemcnts are PTepared in sterling {£), and rounded to the nearest pound. IJ Income All incoming ￿sOU￿c8 are includcd in the statcment of financial activities when thc charity is entitled to the income and the amount can b¢ quantified with rcasonable accuracy. Thc following specific polici¢8 are applied to particular categories of incorne: Voluntary income 18 receivcd by way of grants, donations and gifts and 18 included in full in thc statement of financial activities when receivable. Grants where enlitlement is not conditional on tho delivery of a specific pcrfonrjance by the charity, are recognised when the charity b￿Ornes unconditionally entitled to the grant. Donated services and facilities are included at tbc value to the charity where this Can b¢ quantified. The valuc of services provided by volunteers has not been included. Income from investments is in¢lud¢d in the year in which it is receivable. 11 Glenwood Church - Annual Report for the Year to 31 March 2025 Notes to the Accounts for the yeAr ended 31 March 2025 Expenditure All expenditure is included on an accruals basis and is recognised when there is a legal or constrnctive obligalion to pay. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of tbc cxpcnditurc to which it relatcs: Raising Fundf represents ¢xpenditur¢ incurred in motivating the individual supporters, trusts and other organiyations to contribute to the work of the charity. costs associated with the nll]ning of the clwity sbop and invesiment management costs. Charilable activities represents those costs incurred by the Ch￿lty in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and thosc of an indirect natUTe necessary to support them. All costs including support costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect thc usc of thc resource. Costs relating to a particular activity are allocated directly" othery are apportion¢d on the basis of an estimate of the prnportion of time spent by staff on the activity. Support costs ar¢ thos¢ costs which do not in themselvcs constitute an activity; instead they enablc output crcating activities to be undertaken. This cost category includes the central or regional office fimctions such as general management, human resources and payroll administration, budgeting and accounting, and infOrn￿tIon technology. Fund accounting The charity ￿￿1ntaInS various types of fi￿d& as follows: General unrestrictedfvndv represent income which can be used in accordance with the charitable objects at the discretion of the trugtecs. Designatedfyn(ts represent income set aside by thc trustees out of general unrestricted funds for spGcific future purposes or projects. Restrictedfynd5 represent income to be used in accordance with sp¢cifi¢ restriction8 imposed by donors or which has been raised by the charity for particular purposes. Fixed as8et8 and depreciation Tangiblc fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of ¢ach asset over its expected useful life, as follows., Fr¢¢hold Land and Buildings Fixtures fitting5 and ¢quipment Straight Line over 73 years and 50 years 150/0 straight line Debtors and creditors receivable I payable withfin one year Debt0￿ and creditors with no stated intcrest rat¢ and r¢c¢ivabl¢ or payable within one year are recorded at transaction price. Any108ses arising from impainnent are recognised in the stat¢m¢nt of financial activities. Cash and cash equivalents C&sh and cash equivalents in th¢ balanc¢ sh￿t comprise cash at bank and in hand. For the purpose of the cash flow statemenL cash and cash equivalents are net of bank overdrafts which are payable on demand. 12 Glenwood Church - Annual Report for the Year to 31 March 2025 Notes to the Accounts for the year ended 31 March 2025 Net ineome l (expenditure) 2025 2024 Thc net income / (expenditure) for the year is stated after charging: DepreGiation and other amounts written off tangible fixed assets: Owned ￿setS Independent Examiners Fee 36,201 1,365 36,201 1,365 Donatlons and Legacle8 Unrestricted funds Restrlcted funds Totydl 2025 Total 2024 R¢gular giving Offerings One-off gifts Grants received Tax rebate 216,290 6.554 37,506 6,022 43,698 216,290 6,554 52,506 62,797 43,698 207.483 6,245 52,147 10,082 42,627 15.000 56,995 310,070 71,775 381,845 318,584 Income from charitable activities Unrestricted Unrestricted Total Total 2025 2024 Building hire Food Pantry Seniors lunch club Miscellaneous sales 20,248 7,550 6,900 8,306 8,649 4.633 6,870 43,004 20,152 Investment Income Unrestrlcted Unrestrlcted Total Total Funds Fund5 2025 2024 Bank interest r¢¢eivabl 544 265 13 Glenwood Church - Annual Report for the Year to 31 March 2025 Note8 to the Account5 for the year ended 31 March 2025 Cost of charitable acdvltley - by fund type Unrestrlcted funds 2025 Restrlcted funds 2025 Total funds 2025 Total funds 2024 Church ministy Grants and donations - mission giving 313,133 37,342 45,145 358,278 37,342 295,669 52,544 350,475 45,145 395,620 348,213 Cost of ehArltAble Aetivltles - by actlvlty Aetlvltles undertaken 2025 Support costs 2025 Totydl funds 2025 Total funds 2024 Church ministy Grant8 and donation3 - mission giving 219,602 18,571 138,676 18,771 358,278 37,342 295,669 52,544 238,173 157.447 395.620 348,213 Analys18 of 9UPPOrt eoJt8 Church mlnlstry 2025 Ml88lon givlng 2025 Total 2025 Total 2024 Propety General Administration 114.465 24.211 12,718 6.053 127,183 30,264 110,863 25.448 138,676 18.771 157,447 136,311 14 Glenwood Church - Annual Report for the Year to 31 March 2025 Notes to the Accounts for the year ended 31 March 2025 Staff numbers and cost The average number of fidl time equivalent staff employed by the charity during the period, analysed by catcgory, including support staff was as followy: 2025 F4umber 2024 Flumber Charitable activities 10 Wages and salaries Social security costs P¢nsion costs 163,502 10,539 4,468 152,481 9,815 4,508 178,509 166.804 No staff member was paid more than £60.000 in the financial year. The total ¢mployment b¢n¢fits, including ¢mployer pension contributions, of the key management personnel of the charity were £31,487 (2024.. £30,570). 10 Trustees, emolumentj TotAI 2025 Total 2024 Remuneration and other emoluments 34,577 33,533 As allowed by the Charity Trust Deed, Paul Frdncis received remuncrntion of £34.577 (2024: £33.533) including employers NI and had expenses reimbursed of £350 {2024: £401). 15 Glenwood Church - Annual Report for the Year to 31 March 2025 Note8 to the Account8 for the year ended 31 March 2025 11 Fixed assets - TangAble Land And Fixtures Buildings Fittings & freehold Equlpment Total Assets Cost At l Apr 2024 Additions 2,165,787 70,357 2,236,144 At 31 Mar 2025 2,165,787 70,357 2.236,144 Deprecladon At l Apr 2024 Charge for the year 216,847 30,565 49,690 5.636 266.537 36,201 At 31 Mar 2025 247,412 302 738 Net Book Value At 31 Mar 2025 l 918 375 1933 406 At 31 Mar 2024 1948 940 1969 607 The tangible f￿ed assets include the buildings of Glenwood Church Centre and the 'Tav5' centre at Tavistock Street, C￿lff. 12 Debtors 2025 2024 Trade debtors Gift aid tax recoverabl¢ Other debtors 4,280 3,833 21.014 3,265 50 8,113 24,329 13 Credltor8: Amounts falllng due wlthln one year 2025 2024 Loans Trade creditors Other tax¢s and social security Other cr¢ditors Accruals and deferred income 2,136 1,181 2.297 5,583 20.587 1,754 2,122 3,809 1,674 9,359 31,784 16 Glenwood Church - Annual Report for thc Year to 31 March 2025 Notes to the Accounts for the year ended 31 March 2025 14 Creditors: Amounts falllng due after more than one year 2025 2024 Loans 17,443 15 Unrestrlcted funds BAlanee at l Apr 2024 Incoming resources Outgoing resources Balance at Transfers 31 Mar 2025 General funds 1,969,822 310.403 (333,071) 15.000 1,962.154 Designated funds: Personal 8UPPOrt Warni Spaces Gardening The Junction Food Pantry Gate Trust Other fuiids 1,420 3.755 2,498 5.500 5,750 14,072 8,000 3,640 (4,340) (1,029) (389) (6,450) (6,373) (232) (3,323) 835 1,469 5,181 70 700 7.669 7,768 6,1 17 5.800 Dcsiwitcd funds 7,990 (22,136) Total unrcstrictcd funds 1,977,812 353,618 (355,207) 1,991,223 Puryosej of unrestrlcted fund8 Ceneral fund This repTesent8 th¢ funds of the chuity that are not designated for any particular purp08e8 but are available for the general running of the charity. PersonAI 8UPPOrt Personal support represents funds received that are designated and passed onto Christian workers. Warm 8paees This is a fund to provide a Wann Space for the Iwal community to come into the building at sp¢cified times for refr¢shment8 and meeting others. Gardening These are funds received from members of the congregation with a request for it to be primarily used for the gardens around the building The Junction Funds toward the costs of numing the Junction project providing counselling services in crisis pregnancy situations. Food Pantry These ar¢ the subscriptions alld general gifts to the Food Pantry to use to keep th¢ panty stocked. 17 Glenwood Church - Annual Report for thc Year to 31 March 2025 Notes to the Accountg for the year ended 31 March 2025 15 Unrestricted funds (continued) Gate Trust Funds received from The Gate Trnst to be used toward the general running of the charity. These funds have been designated so that they can be used for specific projects within the church. 16 Restricted funds Balance at l Apr 2024 Incomlng resources Outgolng resources Balance at Transfers 31 Mar 2l125 Gate Trust Taith Cymru Youth Food P