## _Registered Charity No. 1126789_
## Trustees’ Annual Report and Statement of Accounts
for the Year Ending 31st March 2024
___________________________________________________________________
_Malpas Road Evangelical Church, Malpas Road, Newport NP20 5PJ_
Final 12/07/2024Final draft – 18/06/24
## **Malpas Road Evangelical Church, Newport**
## **Trustees’ Report** for the year ending 31st March 2024
## _**www.malpasroadevangelicalchurch.com** Registered Charity Number 1126789_
## **1. Legal & Administrative Information**
Malpas Road Evangelical Church is a registered charity. Its principal address is Malpas Road, Newport, NP20 5PJ
The objects of the Charity (as listed in the Trust Deed) are to further the religious and other charitable work of the Christian Church and hold in furtherance of that object (but not otherwise):
- (a) To hold the freehold premises known as Malpas Road Evangelical Church, Malpas Road, Newport.
- (b) To maintain the fabric and contents of the said premises and the services carried on therein.
- (c) To support Christian mission and advance the Christian Religion throughout the world, financially, and in other ways, as the Trustees may think fit.
## **2. Trustees and Governance**
The Church Trustees (also called Elders) aim to meet as a governing body four times a year. The day to day running of the charity is undertaken by a team of members of Malpas Road Evangelical Church. This team comprises the Trustees with finance and administrative support provided by other members.
Trustees may be appointed by the existing trustees but must be Elders appointed by the Church through a ballot of members. The trustees who served on the governing body during the year were:
Mr Richard Clough (Chair of the Church Trustees)
Mr Dafydd Cunningham (Pastor, from 15[th] January 2024)
Mr David Harris (Church Trustee)
Mr Peter Harris (Church Trustee)
Mr Andrew Miles (Church Trustee)
Mr Tim Powell (Church Trustee and Secretary to the Trustees)
Mr Andrew Williams (Church Trustee)
## **3. Financial Review**
The accounts for this period have been independently examined by Mr Nick Jones of HSJ Accountants and have been accepted by the Trustees.
Final draft – 18/06/24
The church is funded principally by gifts from members (and others who attend) and by gift aid on gift-aided donations, which brings in valuable additional income under HMRC's Gift Aid Scheme. Other one-off gifts may also be received from time to time for specific projects and appeals and by way of bequeaths and legacies. We are grateful for the generosity of all those who are committed to the work of the church and trust that this will continue.
The Church's expenditure, detailed further in the following Statement of Accounts, is spent mainly on a) salaries and wages of the Church Pastor and support staff, b) supporting Christian mission workers serving in the UK and overseas; c) maintenance and operation of the Church premises.
Receipts for the year amounted to £201k. Expenditure amounted to £217k. The closing balance was £126k.
We give thanks to God for his abundant provision over the last year, which has allowed us to continue mission support and all our other ministries and activities.
## **4. Activities During the Year**
In July our Senior Pastor Meirion Thomas who had been in post for 24 years retired. In September Dafydd Williams, our Assistant Pastor, was called to another fellowship Bethel Evangelical Church in Gorseinon, Swansea. As a fellowship we are grateful to God for their time at MREC and pray for God’s blessing on them and their families in the future.
In November, Dafydd Cunningham accepted a call to become Pastor of MREC. We are grateful to God for this provision and look forward to his continued blessing as Dafydd and the family settle in.
Our Ministry Apprentice, Evan Millership, and Gap Year Worker, Sam Davies, both completed their periods of service and training during the year.
During the period of account, all the usual church services and meetings have been running including Sunday Services, Prayer Meetings, Tots & Co (play group), Cool Kids and YP (children’s and youth groups), Women’s meetings, Men’s breakfast, and Coffee Mornings. Sunday Services and Prayer Meetings. For those who are unable to attend in person, some meetings are also available through live stream or zoom.
Pastoral care has always been available and offered to all members and others, especially from our Pastors over this period, their wives, and the elders.
Our partnership with the Newport Food Bank has continued through the period of this account with weekly collections of food. A monetary gift was sent to Eden Gate to assist the organisation in its other activities.
Several of the church members continue to volunteer as Street Pastors on a Saturday night in Newport City Centre.
The Church's partnership with Christians Against Poverty and Emmanuel Baptist Church in providing a Newport Debt Centre Service stopped as a result of the closure of the Debt Centre.
We are grateful to God for His keeping during the past year at Malpas Road Evangelical Church.
## **Richard Clough**
Chair of the Church Trustees _on behalf of the Church Trustees_
Final 12/07/2024Final draft – 18/06/24
## **Statement of Accounts**
|**Receipts**|2022-2023|2022-2023|2023-2024|2023-2024|
|---|---|---|---|---|
||Restricted|Unrestricted|Restricted|Unrestricted|
||£|£|£|£|
|General Offerings||151,703||142,095|
|HMRC (Gift Aid Received)||35,824||34,603|
|Missions/Appeals Income|12,470||20,090||
|Vision for the Future Fund|3,944||1,944||
|Other Income|1,953|24||24|
|Savings interest||208||1,986|
|Sub totals|**18,367**|**187,759**|**22,034**|**178,708**|
|Total||**206,126**||**200,742**|
|**Payments**|2022-2023|2022-2023|2023-2024|2023-2024|
|---|---|---|---|---|
||Restricted|Unrestricted|Restricted|Unrestricted|
||£|£|£|£|
|Pastor, Assistant Pastor, Ministry
Apprentice, Church Worker
Pensions & on-costs||96,320||65,190|
|Visiting Speakers (including
Missions Speakers)||2,641|550|4,055|
|Support to Missionaries, Missions
Organisations and Missions Visits*|15,182|40,724|12,690|38,659|
|Church Buildings Maintainance,
Utilities, Insurances, Cleaning etc.||38,598||42,027|
|Livestream / PA / Website||6,221||7,944|
|Church administration, secretary, office
resources||3,402||4,582|
|Evangelism / outreach||3,403||3,263|
|Christians Against Poverty||8,004||5,919|
|Cheer fund||1,150||200|
|Benevolent fundpayments||4,152||200|
|Children andyoung people's work||1,100||2,475|
|Catering||2,344||6,331|
|Miscellaneous|500|3,884||2,775|
|Gift to retiring Pastor*|||7,870|12,130|
|**Sub totals**|**16,115**|**211,955**|**21,110**|**195,750**|
|**Total**||**228,070**||**216,860**|
* Any Gift Aid claimed in respect of restricted donations for missionaries etc is added to the support given, with the Gift Aid amount included in the ‘unrestricted’ column.
Final 12/07/2024 Final draft – 18/06/24
|**Bank Reconciliation**|2022-2023|2022-2023|2023-2024|2023-2024|
|---|---|---|---|---|
|Opening Balances:|£|£|£|£|
|Reserve Account||95,164||46,352|
|Current Account||68,504||95,372|
|**Total**||**163,668**||**141,724**|
|Receipts|206,126||200,742||
|Expenditure|-228,070||-216,860||
|Excess income over expenditure||-21,944||-16,118|
|
Closing Balance:||**141,724**||**125,606**|
|Reserve account||95,372||101,596|
|Current Account||46,352||24,010|
|**Total**||**141,724**||**125,606**|
|**Allocation of Funds at End of Year**|2022-2023|2022-2023|2023-2024|2023-2024|
|---|---|---|---|---|
||Restricted|Unrestricted|Restricted|Unrestricted|
||£|£|£|£|
|General reserve fund||40,000||40,000|
|Building fund|13,514||15,458||
|Missions and appeals|1,020||||
|Sub totals|**14,534**|**40,000**|**15,458**|**40,000**|
|Total allocated funds||54,534||55,458|
|Unallocated funds||87,190||70,148|
|**Total**||**141,724**||**125,606**|
||||||
|**Church Assets***|£|
|---|---|
|Main Church Premises|400,000|
|Noddfa (previous Pastor's house) 1/2 share of £400,000|200,000|
|**Total**|**600,000**|
## _**Notes to the Accounts**_
_1. Church Assets* - The figures shown above are estimates. As soon as is practicable, new valuations will obtained from a local estate agency to reflect more accurately current values._
_2. The Church operates separate cash sub-account for: Woman to Woman; Men’s breakfast, and foodbank (monetary donations), which is administered by designated activity leaders and is audited by the Church Treasurer._
_Opening balance at 1.4.22: £223. Closing balance at 31.03.23: £529. Net change in funds during the year: £306._
Final 12/07/2024Final draft – 18/06/24
## **Independent Examiner's Report**
Final 12/07/2024 Final draft – 18/06/24
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Indepondent Examlner's Report
Report to the trust•es
14rtcA
On accounts for the year
ended
Chatlty no
(If any)
IILb7¥9
Sot out on pages
{iorIKwMtr lo tncii&tl&. tfto p8gp r',1 I,"
I report to the trustees on my examination of the accounts of the above
charity ("the Trust") for the year ended l 3
As the charitls trustees, you are responsible for the preparation of the
accounts in accordan wlth the requirements of the Charities Act 2011
("the Art").
I report in respect of my examlnation of the Trust's accounts carried out
under section 145 of the 2011 Act and in carying out my examin8tion, I
have followed all the applicable Directions given by the Charity Commission
under section 145{5)(b) of the Act.
Responslbllities and
basls of report
Independent
examiner's statement
I have completed my examination. I confirm that no material matters have
come to my attention in ¢onnection with the examination lothe
dise1.) which gives me cause to believe that in, any material
respect:
the accounting records were not kept in accordance wtth section 130
of the Charities Act; or
the accounts did not accord with the accounting reirds- or
the accounts did not comply with the applicable requiremenls
conceming thè fonn and content of accounts
et out in the Charities
(Accounts and Reports) Regulations 2008 oth
than any requirement
that the accounts give a 'true and falr, view whi
h is not a matter
considered as part of an independent examination.
I have no concems 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.
Please delete the words in the brackets rf they do not apply.
Signed:
Date:
Name;
Relevant professlonal
qualification(s) or body
IER
Oct 2018
(if any):
Address:
691 ki&¥*J Il15/
)é
JPIO
C-AW,
Section B*
Disclosure
Only complete if the examiner needs to highlight material matters of Concern
(see CC32, Independent examinatlon of charity accounts: directions and
guidance for examiners).
Give here brief details of
any items that the
examiner wishes to
disclose.
Oct 2018
IER