Charity number: 1126878 Llsvane Baptlst Church Trustees, report and Ilnanclal statements for the year ended 31 March 2024 Contentg Charlty Information Report of the Trustees Report of the Independent Examlner Statement of Flnanclal Actlvltles Balance Sheet Notes to the Accounts 9-11 Lisvane Boptlst Church Legal and admlnistratlve Informatlon Charlty number 1126878 Reglstered offi¢9 Llsvane Baptist Church offlce 32 Plas- Y-Delyn Llsvane Cardiff CF14 OST Trustee5 Roi Barnes Sheila Burr Amanda Coombs Paul Oavles Graham Hlll Sharon Hunt Chrls Par50ns Re518ned 4th May 2023 Appolnted 4th May 2023 Appolnted 4th May 2023 Bankers Lloyds Bank 31 Queen Street Cardlff Independent Examlner Paul Burnell ACMI C Mgmnt Services Ltd 69 Vellndre Road Cardlff CF14 2TF Llsvane Baptist Church REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31" March 2024 This is the report of the Trustees for the year endlng 31st March 2024 for L15vane Baptlst Church. Governance Jnd Structure Llsvane Baptist Church Is constltuted as a charltable trust reglstered with the Charity Comm1551on in November 2008 under charity number 1126878. It is governed by a constltution last updated In 2009 based on the model Constitution developed by the Baptlst UnSon of Great Brltoln. Under th15 constitutlon the trustees are appolnted by the Church Mernber5hip and a￿ responslble to the Church Members for the dav to day runnlng of the Church. Church Members, meetln85 are held at least quarterly and have final authorlty. Purpose The PTlmary purpose of the Church Is the advancement of the Chrlstlan falth accordlng to the prlnclples of Ihe Baptist denomlnatlon. The Church also seeks to advance Chrlstlan educatSon and carry out other haritable purp05es In both the Unlted Kln8dom and in other parts of the world. ilvltles When plannlng actlvitles the trustee5 con51der the Charlty Comm1551on's guldance on public beneflt and the speclflc 8uldance on charitles for the advancement of rellglon. We seek to enable ordlnary people to1Sve out thelr Chrlstlan falth wlthln our communlty throuBh a range of activltles, many of whlch are held In the local communlty hall IL15vane Memorial Hall), These actlvltles Include.. Sunday mornln8 church seTvlces °Bubbles': A weekly communlty sesslon each term-tlme Monday mornlng for bables andlor pre- nursery chlldren along wlth thelr carers 'trime to Talk": A weekly communlty adult Broup held on Thursday afternoons offerlng frlendshlp and fellowshlp to the local communlty wlth a Short spirltual reflectlon. Varlou5 home-based blble study meètln8s almed at a developlng a deeper understandlng of the bible and personal relatlonship wlth God. Jolnt Remembrance Day and festival Se￿lee$ wlth St Denys Church of Wales, 8150 based In Llsvane. Pastoral Care In addition to the above actlvlties the trustees seek to ensure that every IndivSdual assoclated with the church is Cared for and supported physlcallyi emotlonèlly and spiritually to the best of the church's abillty. In order to facilltate and oversee the assoclated actlvities, one of the deacons Is given a speciflc role of Pastoral SuppDrt. Safeguarding of Children and Vulnerable Adults The trustees consider that the SafeguardSng of chlldren and vulnerable adults requlres the hlghest levels of attentlon. To th15 end the Church has developed a Safeguarding Pollcy based on the template provided by the Baptlst Union of Great Britain. In line wtth this w)Ilcy the Church has appointed Lesley Scarratt as the Deslgnated Person for 5afe8uarding IDPSI. Premlses As noted above most meetings are held in the local village hall which we believe helps to deflne our place at the centre of the local communlty. The Church owns two residential properties In close proximity to the village hall, bDth of which have previously been used as manses to house full tlme staff members, but are currently leased out to tenant5. In addition to these two propertles the church a150 owns a Small two- storey office and meetlng room which wa5 built a5 an annex to one of the two manses between 2020 and 2022. The offlee also serves as a meeting room for 5m8ller gatherings of church frlends and members. Stafllng During the 2023-24 flnanclal year there were no pald Staff members. The church ha5 contlnued to operate wlthout paid staff. wlth the trustee5 offering the necessary guldance and other members and frlends of the church glvln8 of thelT tlme and glftings In order to further the work of the Baptlst Church in Llsvane, Flnanc5al Revlew Wh115t there are no paid staff and both manses are leased out, there15 a surplus of Income over expendlture, and thls has allowed the church to Increase It5 flnanclal 8ivlng to oiher charltle5 whlch are 5ympathetlc to the Church's alms and oblectives both locally and further afleld, whllst ¥150 Increasln8 the reserves held on account. The church antlclpate5 employlng a full-tlme mlnlster In the next flnanclal year 12024.251 at which polnt there Is Ilkely to be a deflclt of Income versu5 expendlture for a perlod of time. The reserves whlch have been accrued are expected to cover thls deflclt for at least three years, Reserwes Pollfy The church alms to hold funds to cover ai least 51x months expendlture and to offer flnanclal securlty of employment to a new ernployee of at least 3 year5. Afflllatlons The Church Is a member of the Baptist Unlon of Grèat Brltaln IB3pt15t Unlonl and the South Wales Baptlst Associatlon. It Is also a member of the L15vane Community Assoclatlon. Financlal Glftlng by the Churth The church supports a number of other charltles whlch It considers to be aligned to the purpose5 of the church, by both regular glftlng and o¢ca51onal one-off gifts. Regular 8lftln8 15 made to: Teacher Ald. A local charlty whlch supports Nsobe Communlty School In Zambla Rainbow of Hope. A local charity 5UPPOrtlng homeless and vulnerable people in Cardiff BMS (Baptlst M1551onary Societyl World Mission. a charlty SUPPOrting wSder Chrlstvan mlsston around the world. Local IKoreanl Misslonaries tts Wales. Lookini to the Future The trustees and church members are now in agreement that a full-tlme minlster should be appolnted and the church has entered the Bapt15t Vnlon 'setilement" process whlch circulates such vacancles to Baptist Unlon accredited ministers seeking a position. Notwithstanding thls antlcipated appolntment, The Church recognise the need to progress its olm5 and It is actively pursulng opportunitles for growth and development of the splritual life of members and of the wider communlty. This report was approved by the Trustee5 and slgned on thelr behalf bv: J /V.l+m Graham Hlll Llsvane Baptist Church Treasurer nd Date.. 2 May2024 Independent Examlner's Report To the Trustees of Lisvane Baptist Church For the Year to 31 March Z024 I report to the trustees on my examlnatlon of the accounts of Llsvane Baptlst Church for the year ended 31" March 2024, Responsibllltles and basls of report A5 the charlty trustees of Llsvane Baptlst Church you are respon51ble for the preparatlon of the accounts In accordance wlth the requirements of the Chèrities Act 20111'the Act'l. I report in respect of my examinalion of the Trust's accounts carrled out under s. 145 of the 2011 Act and in carrylng out my examlnatlon I have followed all the applScable Directions given by the Charlty Commlsslon under s. 14515llbl of the Act. Independent examlnerfs statement I have completed my examlnatlon. I confirm that no materlal matters have come to rny attentlon In connectlon wlth the examlnatlon 8lvln8 me cause to belleve that In any materlal respett: AccountSng records were not kept In respect of the Trust as requlred by sectlon 130 of the Act; or The accounts do not accord wlth those records. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch ttentlon should be drawn In thls report In order to enable a proper understandlng of the accounts lo be reached. Slgned Paul Burnell C Mgmnt Servlces Ltd Independent examlner 69 Vellndre Road Cardlff CF14 2TF Date: 3rd June 2024 Lisvane Baptlst Church ststement of flnanclal activities For the year endlng 31 March 2024 Note Unrestrlcted Restrlcted Year ended Year ended fund5 £ funds £ 3V03124 £ 3V03123 £ Income from: Donatlons and legacles 34,707 34.707 48,287 Other income 37,440 37,440 18.409 Total Income 72,147 72,147 66,696 Expendlture Charltable actlvltles 52,718 52,718 59,515 Total expendlturè 52,718 52,718 59,515 Net movement In funds for the year 19,429 19,429 7,181 The Statement of Flnonclal A¢tlvlties Includes all 8aln5 and1055es re¢ognSsed In the year. The notes on pages 10 to 14 form part ol these flnanclal statements. Lisvane Baptist Church Balance sheet as at 31 March 2024 31° March 2024 31. March 2023 Note Flxed Assets 32 Plas-y-Delyn Ivaluatlon 31131221 2 Heol-v-oelyn 680,(X)O 280 000 960,CK)O 680,000 280 000 960,000 Current assets Tenancy Dep051t Loan for Flat Deposlt IM & EI Outstandlng Glft Ald Accrued Income Investments Cash at bank and In hand 1.2QO 980 8.096 502 116,284 50,062 177,124 1,200 112,463 37,843 151,506 CredStors: amount5 f4llln8 due wlthln one year Net curr•nt *ssots Credltors: amounts t4lllng due wlthln one year Net As$et$ 1,136.119 1,101,257 Funds Restrlcted funds Unrestrlcted funds Tatal funds 960,000 176,119 1,136,119 1,061,486 39,771 1,101,257 The flnanclal statements were approved by the trustees and slgned on thelr behalf by: Graham Hlll Treasurer Date: 3r￿ lune 2024 Lisvane Baptist Church Notes to financlal statements for the year endlng 31 March 2024 I Charity status Llsvane Baptlst Church 15 an unlncorporated or8an15atlon reg15tered a5 a charity In England and Wales, number 1126878. The registered offlce15 Llsvane Baptlst Church, 32 Pla5.y Delyn, Llsvane, Cardlff CFI 405T. Accountln8 pollcles The financSal statements have been prepared in accordance wlth Accounting and Reporting by Charltles.. Statement of Recommended Practlce appllcable to charltles preparlng thelr accounts in accordance wlth the Financlal Reporting Standard appllcable in the UK and Republlc of Ireland IFRS1021 In October 2019, the Charltles Act 2011 and the UK Generally Accepted Accountln8 Practlce, Summary of sl8nificant a¢¢ountlng pollcles and key accountln8 estlmate5 The princlpal accountln8 pollcle5 applied in the preparatlon of these flnanclal statements are set out below, These polleles have been conslstently applled to all the years presented, unless otherwlse Stated. Statement of ¢ompllan¢è The flnancial 5tatement5 have been prepared In accordanee wlth Accountlng and Reportlng by Charltles,, Statemenl of Recommended Practlce applicable to charitles preparlng thelr accounts In accordance wlth the Flnanclal Reporting Standard appllcable In the UK and RepublSc of Ireland IFRS 1021 leffectlve l January 20191- Icharltles SORP IFRS 10211, the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021. Balls of preparatlon Llsvane Baptlst Church meets the deflnltlon of a publlc beneflt entlty under FRS 102. Assets and1Sabllltles are Inltlally recognlsed at hlstorlcal c05t or transactlon value unless otheiwlse stated In the relevant accounting pollcy notes, Golng concern The tru5tee5 conslder that there are no materlal uncertalntles about the chartty's ablllty to contlnue as golng concern nor any slgnlflcant areas of uncertalnty that affect the carrylng value of assets held by the charlty. Exempt￿￿ from preparlng a cash flow ststement The charlty opted to early adopt Bulletln I publlshed on 2 February 2016 and have therefore not Included a cash flow statement in these fSnancial statements. Governance costs These include the costs attrlbutable to the charlty'5 compllance wlth constltutional and statutory requirements, Includln8 audlt, strategic management and trustees, meetln85 and reimbursed expenges. Fund structure Unrestrieted income funds are general funds that are avallable for use at the trustees, dlscretlon in furtherance of the objectives of the charity. Restricted Income funds are those donated for use in a particular area orfor specific purposes, the use of which Is restrlcted to that area or purpose. Llsvane Bapilst Church Note5 to finan¢lal statements lor the year ending 31 March 2024 Flxed A￿et5 and Oepreclation No depreciation Is provided on Land and Bulldin85. The charlty adopts a pollcy of maintaining properties to 3 high standard, whlch prolongs their useful Ilves and enhances their residual value. As such the tru5tee5 feel that any depreciation arlsln815 Immaterial. All malntenance c95t5 are wrltten off as expendlture In the Statement of Financlal Activities. Penslon Cosis and other post-retlrement beneflts The charity contrlbutes to the Baptlst penslon fund. Contrlbutlons payable to the charily's penslon scheme are charged to the 5totement of Financlal Actlvltles In the period to whlch they relate. 2 Oonatlons and le8acles Unrestrlrted Funds Restricted Funds Total 2024 Total 2023 Donatbons Tax rerovered 34,707 34,707 38,238 10,049 48,287 34,707 34,707 Other Income Manse Rent M1s5ion MSscellaneou5 Interest 31,200 1,205 1,152 3,883 37,440 31,200 1,205 1,152 3,883 37,440 13,200 1,030 2,919 1,260 18,409 Total 72,147 72,147 66,696 3 Charltable a¢tlvltles Unre5trlcted Funds Restrlcted Funds Total 2024 Total 2023 Pastor salary. penslon5 and expenses Other minlstries salary and penslon Mlsslon ChIld￿n & Youth Wor5hlp Pastoral 1,008 1,008 16,867 7,804 11.580 174 2,584 810 39,819 23,127 1,321 3.OQ5 529 28,990 23,127 1,321 3,005 529 28,990 b. Support and Admlnlstratlon Manses Office Bulldlng Hall hire Support servlces 8,934 2,522 10,171 2,101 23,728 8,934 2,522 10,171 2,101 23,728 8,479 1,406 8,707 1,104 19,696 Total 52,718 52,718 59,515 io Llsvane Baptlst Church Notss to financial statements for the year en(fin8 31 March 2Q23 4 Trustees remuneration and expenses No Trustees recelved any remuneration for their role as a Trustee. Reimbursement of expenses to Trustees and connected persons through the year amounted to £4,548. 5 Employees Employment costs Year ending Year ending 3U3124 3V3123 Wa8e5 & 591grles Soclal securlty & Penslon costs 20,546 2,044 22,590 1,008 1,008 The charlty had no employees durlng the year. Its actlvltles are 8enerally carrled out by volunteers. Followlng the release of prevlous staff durln8 the prevlous flnanclal yeari payments were made to the Baptlst Unlon Penslon Scheme due to ce5satlon expenses and no Ilablllty remalns to that Scheme, 6 Credltors: Amounts fallln8 due wlthln one year Yaar endlng Year endln8 3V3123 3113124 8apt15t Penslon Fund deflclt Accrued expenses 8,300 1,949 10,249 1,005 1,005 7 Flxed assets- Tanglble Land and BuSldln85 freehold Flxtures Flttln85 & Equlpment Total Assets At IApr 2023 Additions At 31 Mar 2024 960,000 960.000 960,000 960,000 TaKatlon Thls Is a registered charity and 15, therefore, exempt from taxatlon. li