**Trustees Report year ending 31[st] August, 2024** ## **Achievements and Performance** The Bridgend United Area was made aware of a number of non-conformities which existed early on in the year. The first non-compliance was that the Charity Commission had not received any accounts for the year ending 2021/22. A Finance Working Party was set up comprising of Neville Thomas, Win Griffiths, Philip Benjamin, Philip Stinton and Amanda Reed to address the issue. With the cooperation of our Auditors, Clay Shaw Thomas, the accounts for the year ending 2021/22 were subsequently forwarded to the Charity Commission in March 2024. Also the accounts for the year ending 2022/23 were completed and issued to the commission before the deadline of 30[th] June 2024. Another non-compliance reported was that all quinquennial inspections for the Churches and Manses of the Area were out of date. The Area Property Officer Phil Stinton. has been in negotiations with a qualified surveyor and a programme of inspections are planned for the next financial year. ## **Administration** The Bridgend United Area confirmed the following Appointments at its March 2024 meeting Area Clerk Ceri Griffiths Minute Secretary Philip Benjamin Area Treasurer Amanda Reed The following posts still remain vacant; Communications Officer, Missions and Evangelism Officer, GDPR Officer and Youth Officer. The role of Local Preachers Secretary also remains Vacant following the passing away of Rosaline Maddy. ## **Membership** 270 people were reported on the current membership and adherents’ role. This represents a decrease of 5 on the numbers recorded last year. The Bridgend United Area is drawn from Churches in Bridgend, Brynna (and Llanharan), Cefn Cribwr, Gilfach Goch, Ogmore Vale and Tondu although there are ongoing discussions at Tondu on the structural safety of the building and financial problems. ## **Staffing, Ministers and Officers** The Area was to receive the unexpected resignation of the Rev Paula Rose Parish in March 2024 with termination effective on the 30th June, 2024. The Area was most grateful for Rev Paula’s hard work within the communities and were saddened to see her leave. The Chair of Wales Synod, the Rev Andrew Charlesworth, had been in conversation with the Rev Richard Gillion and it was mutually agreed that the Rev Richard would step down as Superintendent Minister at the end of August although effectively the Rev Andrew took over duties as Superintendent Minister from March 2024. The Area continues to be supported by the Rev Martin Spain as co-chair and acting as URC National Synod of Wales Officer for Ecumenical and Interfaith Relations. The Finance Group met in July 2024 to discuss future ministry. The recommendation from that meeting was that we could not afford additional ministry at this time. During the period of this report the following Area officers continued in their roles; Mr Philip Stinton Property Officer Mrs Judith Stinton Ministry Officer Mrs Isobel Stinton Safeguarding Officer Mrs Rose Ward representing Bridgend United resigned Feb 2024 Mrs Ruth Bradshaw representing Brynna and Llanharan Mr Neville Granville representing Cefn Cribwr Mr Christian Martinson representing Christchurch Ogmore Vale Mrs Josephine Lewis representing Gilfach Goch Mrs Amanda Salter representing Wesley Church Centre Tondu Trinity Porthcawl vacant ## **Activities** Most churches continue to hold one act of worship on a Sunday with the exception of Tondu and Trinity Porthcawl who hold 2 services. The filling of pulpit appointments continues to be an issue since active supernumerary ministers has reduced to two and we are relying on local arrangements to fill many appointments. All the churches are well blessed and we are very grateful and thank God for them. Weddings, baptisms, funerals and memorial services were all held in our churches and the crematorium as and when requested by family and friends. Mike and Irene Boyles continues to provide audio services at Trinity Porthcawl for the housebound and communities via text emails or post. Regular pastoral work of the church involves the minister,the laity and several members of the congregation visiting large numbers of people including the elderly, the house bound, residential homes, the bereaved and those in hospital. Communion is available on request to the house bound. All our churches continue to offer outreach across the communities with very successful coffee mornings. The One Way Group at Brynna continues to go from strength to strength together with the Chatty Craft group which supports the Samaritans Purse appeal. In addition many churches have bible study groups, Prayer meetings and Lent courses. ## **Plans for the Future** The manse at Broadlands has all but been sold except for the final completion and should realise a financial gain of £180k to the Area. The purpose and membership of the Leadership Meeting is still to be reviewed. The new Constitution was accepted by the Area meeting and is to be uploaded to the Charity commission website shortly. We will undertake financial planning to safeguard the future of the Area whose resources are shrinking year on year. All the church treasurers will be involved in the planning for the future. We continue to seek new opportunities and new ways of working with fellow Christians and other denominations. CHARITY REGISTRATION NUMBER: 1127992 Bridgend United Area Unaudited Financial Statements For the year ended 31 August 2024 Bridgend United Area Financial Statements Year ended 31 August 2024 Paye Trustees, annual report Independent examlner's report to the trustees Statement of flnancial acllvilles ststement of flnanclal w5ilion Notes to the ftnanclal statements io Bridgend United Area Trustees, Annual Report Year ended 31 August 2024 The tnjstees present thelr report and the unaudlted flnanclal statements of the charity for the year ended 31 August 2024. Reference and administratlve detalls Registered charlty name Brldgend Unlted Area Charlty reglstratlon number 1127992 Princlpal offlce 29A Fellndre Road Pencoed 8ridgend CF35 5PB The tru$tee5 Rev J HaTh￿)n Mr N Thomès Mrs J Lewls Mrs S Baker Rev J Humphreys Mr P Benjamln Ms AJ Reed Mr A Granville Mr M W Boyles Mrs R J Ward Mr P Stlnton Mrs E C Grifflths Mrs M R Bradshaw Mrs H A Ph5111ps Mrs I Stlnton Mrs J Stlnton Rev M Stlnton Mr P Wlllmer Rev M Spain Rev R Gilllon Rev P R Partsh Mr W J Grlffith5 Mrs A Benjamin Prof J Jone5 Mrs A Salter Mr C Martinson (Appolnted 20 March 2024) (Resfgned 20 March 2024) (Relgned 20 March 2024) (Re￿gned 20 March 2024) (Reslgned 20 March 2024) (Resigned 20 March 2024) (Resigned 20 March 2024) (Resigned 20 March 2024) (Resigned 20 March 2024) Independent examlner Mr Davld Gwyn J. Wllllam5 B,A.,F.C.A structurei governance and management The trustees who seNed durlng the year and SIn￿ the year er￿ are set out wlthln the Legal and Adminlslratlve InformaNon. Trustees are apF()Inted by the board of trustees and serve for three years after which per1￿ they may put themselves forward for re-appolntment. Bridgend United Area Trustees, Annual Report (contlnued) Year ended 31 August 2024 Objectives and actlvltles The purposes of the Methodist Church are and shall be deemed to have been SIn￿ the date of unlon In the advancement or: a) The Chrlstlan Faith in accordance wllh the dortrtnal standards and disclpllne of the Methodlst Church. b) Any charitsble purtjose for the tlme ￿ting of any connexlonal, dlstrict, circuit, local or other organlsailon or the MethcKIi5t Church. c> Any charitable purpose for the time belng of any soclety or Instltutlon subsldiary or anclllary to the Methodlst Church. d) Any purpose for the titne belng of any charity being a charlty subsldlary or ancillary to the Methodlst Church. The area mission tx)licy Is set out In a separate thKument (the area constitution) and was approved by the area meeting (as charlty Trustees) on 17th March 2005. Essentially It provhjes for: l) Mlnlsterlal overslght a￿1 pastoral care of the seven local churches In the orea, 2) The support of a minlstry team of three Presbyters Imlnlsters). 3) The malntenantt of three manses. In planning our activltles for the year, we kept In mlnd the Charity Commlssion gUIdan￿ on publlc benefit at our trustee meetlngs. Bridgend United Area Trustees, Annual Report (contlnuedj Year ended 31 August 2024 Achlevements and performance The Brldgend United Area was made aware of a number of non-conformiUes which exlsted earty on in the year. The first non-compliance was that the Charfty Commisston had not re￿IVed any accounts for the year ending 2021122. A flnan￿ worklng party was set up comprlslng of Neville Thomas, Win Griffiths, Phllllps Benjamin, Phillips Stlnlon and Amanda Reed to address the Issue. Wlth the cooperation of out Accountants, aay Shaw Thomas, the account5 for the year ending 2021122 were subsequently forwarded to the Charity Commlsslon In March 2024, Also the accounts for the year endlng 2022123 were completed and I￿Ued to the commlsslon before the deadline of 30 Jtjne 2024. Another non-compliance ￿ported was that all qulnquennlal inspect10￿5 for the Churches and Manses of the area were out of date. The Area Property Officer Phillip Stlnton has been In negouations with a qLtallfied sufveyor and a programme of Inspectlons are planned for the next fiaanclal year. Admlnlstration The Brfdgend Unlted Area conArmed the following Appo1ntments as Its March 2024 meetlng Cerf Grlffith5- Area Clerk Philllp Benlamln - Minute Secretary AmatKla Ree(l ~ Area Treasurer The followlng posts stlll remaln vacant. Communicallon Officer, Mlsslons and Evangelism I)ffi￿r, GOPR Officer and Youth Officer. The role of Local Preachers Secretary also ￿mainS vacant followlng the pa￿Ing away of R05allne Maddy, Membershlp 270 people were reporte(J on the current membershlp and adherents. roll. This represents a decrease of 5 on the numbers recorded last year. The Bridgend Unlted Area is drawn from churches in Bridgend, Brynna (and Ltsnharan), Cefn Crlbwr, Gilfach Goch, Ogtnore Vale and Tondu although there are ongolng dlscusslon5 at Tondu on the Structural safety of the building and flnanclal problems,, staffingff Minlsters and Officers The Area wès lo recelve the unexFkCted reslgnailon of the Rev Paula Roase Parlsh In March 2024 wlth termlnation effectlve on the 30 June 2024. The Areawas most grateful for Rev Paula's hard work wllhln the communltles and were saddened to see her leave. The Chalr of Wales Synod, the Rev And￿W Chartesworth, had been In conversatlon with the Rev Rlchard Gllllon and il was mutually agreed that the Rev Richard would step down as Superintendent Mlnlster at the end of August although effectSvely the Rev Andrew tcK)k over dutles as Superintendent Mlnlster from March 2024. The Area contlnues to be 5UPPOrted by the Rev Martln Spaln as co-chalr arKi actlng as URC National Synod of Wales Offlcer for Ecumenical and Interfallh Relations. Bridgend United Area Trustees. Annual Report Ccontlnued) Year ended 31 August 2024 The Financlal Group met In July 2024 to discuss future mlnlstry. The recommendalion from that meeting was that we could not afford addlb'onal mlnlstry at thls tSme. During the perlod of thls report the following Area Offlcers continued In thelr role5', Mr Phillip Stlnton - Property Offi￿r Mrs Judith Slinton ~ Mlnlstry Offi￿r Mrs Isobel Stlnton - Safeguardlng Offlcer Mrs Ruth Bradshaw - Repre5entlng Brynna and Uanharan Mr Neville Granville- Representlng Cefn Crlbwr Mr Chrfstlan Martinson - Representlng Chrlstchurch Ogmore Vale Mrs Josephine Lew6s- Representlng Gllfach Goch Mrs Amanda Salter - Represenllng Wesley Church Centre Tondu Porthcawl - Repre5entatlve to be declded Actlvlties Most churches contlnue to hold one act of worshlp on a Sunday w5th the exception of Tondu and Trinity Porthcawl who hold 2 Se￿￿s. The filling of pulplt aptx)Intmnets continues to be an Issue Sin￿ active superllumerarcy mlnlsters ho5 reduce(I to two and we are relaying on local arrangements to fill many appofntments. Al the churches a￿ well blessed and we are very grateful and thank God for them. Weddlngs, bapusm, funerals and memorlal servlces were all held in our churches and the Crematorlum as and when reqL¢e5ted for by family and frlends. Mike and Irene Boyles continues to provlde audio seNlces at T￿nIty Porthcawl the houseiKiund and communSties via text emails or post. Regulare pastoral work of the church involves the mlnlster, the lalty and several members of the congregatitin vislbng large numbers of people incl(￿Ing the elderly, the house bound, resldential homes, the bereaved and those In h05pStal, Communuln Is avallable on request to the house bound, l our churches contlnue to offer outreach across the communltles wlth very successful coffee mornlngs. The One Way Group at Brynna contlnues to go Irom strength to strength together wlth the Chatty Craft group whSch supports the Samaritans Purse appeal. In addltion many charches have bible study group5, Prayer meetings and lent courses. Bridgend United Area Trustees, Annual Report (contlnued) Year ended 31 August 2024 Financial revlew The area assessment Is review￿ annually and covers the c05t of; ) Minlstertal overslght and pastoral care of the seven local churches In the area. b) The support of a minlsty team of three Presbyters (mInIste￿). c) The maSntenance of three manses. The unrestricted fund balance at 31 August 2024 was £38,838. During the year, Income of E109.017 was re￿iVed and £103,643 was spent on achleving the charity aims. Under Methodist slandlng orders the area (acting a5 the Methodist Clrcull) must meet its finanoal obligauons In relatlon to the support of Its mlnlsters and the maintenance of the manses. Our rK)Ilcy Is to hold a balance of at least £15,IXlO to £20,000 In hand. The Circult Model Trust Fund balance at 31 August 2024 wa5 £66,459, The fund derlves from sales of chapels and manse5 and Is restricted by the Methodist Conference. This restrlction Is an internal regulation, although the fund can now be used for an Increa￿nglY wider variety of purposes. Reserves policy The Charlty Commlsslon have agreed that 11 Is approprlate for the trustee5 to *t a wllcy for the management of thls fund and that policy15 set out below.. a) EIO,000 fcw current propety schemes. b) £20,￿0 for aritldpated property schemes In the next 2 years. c) EIO,000 for general circuSt p￿r￿Se, malnly manse repalrs and decora￿On. d) £30,￿0 for future staffing costs. Risk management The trustees have examined the major strategSc, buslne55 and operattonal rlsks whlch the (harlty faces and confirm that systems have been establlshed to enable regular reports to be Produced so that the nettssary steps can be taken to le55en these risks. Plans for future period5 The manse 8t Broadlands has all but been sold except for the flnal completion and should realise a Itnanaal galn of É180k to the Area. The purpose and membership of the Leadershlp Meellng is Still to ￿ revlewed. The new Constiluuon was accepted by the Area meetlng and Is to be uploaded to the Charity commlssion website Sho￿Y. We will undertake financlal plannlng lo safeguard the future OF the Area whose resources are shrlnklng year on year. All the church treasurers will be Involved in the plannlng for the future. We conUnue to seek new optK)rtunilies and new ways of working with fellow Chrlsllnas and other denomlnatlons. Bridgend United Area Trustees. Annual Report C¢on¢lnued) Year ended 31 August 2024 Independent examiner Clay Shaw Thomas Ltd has been re-appolnted as Independent examiner for the ensuing year. and signed on behalf of the board of The trustees, annual retx>rt was approved on trustees by: Ms A Reed Trustee Bridgend United Area Independent Examiner's Report to tlie Trustees of Bridgend United Area Year ended 31 August 2024 report to the Iriistees on niy exaiiilnallon of tlie financlal slalements of Bridgend Unlled ATea {'Ihe chaTity'I for tlie year ei)ded 31 August 2024. Rosponslbllltles and basls of report As 11)e tivstees d tl)e cl7arity you are responsSble for 11)e preparatlon ol the financlal stalemenls In accordance ivS11i the requlreiments ol tlie Cliarilies Acl 2011 fllie Act'i. report Iii respect of my ex3mSnallon of Ihe charlly's financlal statements carrled out ynder section 145 01 Ihe 2011 A(t and In carrylng out my examlnallon I l)ave followed all ihe applicable Dlrecilons glven by the Cliarity ConiTrilsslon under section 145(5llb) ol the A(1, Independent oxanilner's statement I l)ave completed my examlTralloa. I conflrm that no malerl31 mallers have come to my atientlon In connection will) Ilie examlnallon gSvlng me cause to believe that In any rnalerlal respect: accountlng records Ivere nol kept lft respect of the cliarily as requlred by sedlon 130 of the Act; the financlal statements do not accord with those reoxds: or tlie firnandal stalernents do not comply wllh the appllcable requlrements contrrnlng the form and content of Bccounls set out In tlie Chadlle5 (Ac(oitnts and Reports) Regulallons 2008 olher than any requlremerit that the account5 glve a 'lrue and falr, vlew wl)Ich 15 not 3 matter considered as part of an Independent exan)Inalion. I have no conceins and have come across no other matters In connedlon wlth the examlnatlon to whlch attention should be diawn In Ihls report In order to enable a proper Lrnderstanding of the accounts to be reaclied. Mr Davld Gwyn J. Willlams B,A.,F.CA rndependent Examlner For and on belialf of Clay Shaw Thomas Ltd 2 Oldfleks Road Bocan) Park 8rldgend CF35 SLI Bridgend United Area Statement of Financial Activities Year ended 31 August 2024 2024 Restrlcted funds Tot41 funds 2023 UnrestrScle¢t funils Total funds Note Income and endowments Donatlons and legacle5 Investment income other income 416 454 108,147 109,017 416 3,877 108,147 12,667 2,556 110,966 126,189 3,423 Totsl Incomè 3,423 Ill440 Expendlture Expenditure on charitable acttvilles Total expendlture 103,643 103,643 1,806 1,806 105,449 157,492 157,492 105,449 Net irtcomel(expendlture) and net movement In funds 5,374 1,617 6,991 (31,303) Reconclliation of funds Total funds brought fvnvard Total funds carrled fonvard 38,83B 44,212 64,842 66,459 103,680 110,671 134,983 103,680 The statement of financial actlvlties Include5 all gains a[￿ losses recognlsed In the year. All irKome and expenditure de￿ve from continuiThJ acknvliies. The notes on pages 10 to 16 form part of these flnanclal statements. Bridgend United Area Statement of Financial Position 31 August 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 645 1,198 Current assets Debtors Cash at bank and In hatk 15 300 122,617 122,917 118,085 118,085 Credltors: amounts falling due withln one year Net current assets 16 12,891 15,603 102,482 103,680 103,680 110,026 110,671 110,671 Total assets less current Ilabilltie5 Net assets Funds of the charity Restricted funds Unrestricted funds 66,459 44,212 110,671 64,842 38,838 Total charity funds 17 103,680 These financlal statements were approved by the board of trustees and authorlsed for Issue on and are slgned on behalf of the board by., Ms A Reed Trustee The notes on pages 10 to 16 form part of these financial statements. Bridgend United Area Notes to the Financial Statements Year ended 31 August 2024 General informatlon The charity 15 a public benefit entlty and a registered charity in England and Wales and Is unincorporated. The address of the principal oflice is 29A Fellndre Road, Pencoed, Bridgend, CF35 5PB. Statement of compllance These financial statements have been prepared In complIan￿ wlth FRS 102, The Flnanclal Reportlng Standard applicable In the UK and the Republic of Ireland,, the Statement of Recommended Pwactice applicable to chariues preparing thelr accounts In accordance with the Financlal Reportlng Standard appllcable in the UK and Republlc of Ireland (FRS 102) (Charities SORP (FRS 102)} and the Charities Act 2011. Accounting PDlicies Basls of preparation The Ananclal statements have been prepared cffi the hlstorlcal cost basis, The financial statements are prepared in stertirigi whlch Is the functlonal CU￿ncY of the entity, Going concern The trustees have assessed whether there are any materlal uncertaintie5 that may cast slgnlflcant doubt aix)ut the charlty's abillty to continue to adopt the golng corl￿rn bas15 of accounllng for a period of at least iwelve months from the date when the finaiicial statements are authorlsed for Issue. In assesslng whether the going concern assumption is appropriate, the trustees have taken In to account all available informatlon about Ihe future and condude that the cha￿ty has adequate resour￿5 to to continue in operatlonal ex5stence for the foreseeable future. The charlty therefore continue5 to adopt the going con￿￿ basls in preparlng Its financial statements. Fund accounting The charlty's funds are spllt Into unrestricted funds ènd restrltted funds, Unrestrfcted funds are available for use at the dlscretlon of the trustees to further any of the charfty's purposes. De&gnated funds are unrestrlcted funds earmarked by the trustees for a partlcular future project or commitment, Re5trtcted funds are funds that can only be used for parttcular restrlcted purposes withln the object of the chartty. Restrfctlons arise when specifled by the donor or whers funds are raised for partlcular restrlcted purposes. TMCP CMTF (Circult Model Trust Fund) Brfdgend - Thls fund can only be used for partcular restr*rted purpose5 within the objects of the chtjrch. RestrScUDns arlse when speclfied by the donor or when funds a￿ ralsed for partlcular restrlcted PLFrposes. io- Bridgend United Area Notes to the Financial Statements {contlnuedJ Year ended 31 August 2024 Accounting policies (contlnued) Incomlng resources All Income Is Included in the statement of finarhcial aclivityes when entitlement has passed to the charlty, It Is probable that the economic benefits associated with the transaction wlll flow to the charlty and the amourht can be rellably measured. The following specific pollcles are applled to particular categorles of income.. Church assessment Income Is recognlsed on the date the charity's right to re￿1ve payment Is established. Interest Income Is Included when receSvable and the amount can be ￿lIablY measured; thls Is normally upon notlficatlDn of the Interest patd or payable by the bank, Incomlng resources from grants, where related to performan￿ and speciflc éellveiables, are actounted for as the company earns the right to conslderation by ils performance. Income Is deferred when performance related grants are re￿IVed in advance of the performances or events to whlch they relate. Resources expended Llabilitie5 are ￿CognISed as resources expended as soon as there Is a legal or constructive obligation committing the charlty to the expenditure. All expendliure Is accounted for on an accruals basls and has been classlfied under headlngs that aggregate all costs related to the category. Tanglble assets Tanglble assets are InI￿allY recorded at C05t, and subsequently stated at cost less any accumulated depreclatlon and Impalrment1055es. Depreclatlon Depredatlon Is calculated 50 a5 to write off the cost or valuatlon of an a55et, less Its resldual value, over the useful economlc life of that asset as follows.. Equlpment stralght Ilne over 3 years Flnanclal Instruments A financial a55et or a financial liablllty Is recognised only when the entity becomes a party to the contractual provisions of the Instrument. Basic financlal Instnjments are Inltlally recognl*d at Ihe amount receivable or payable Includlng any related transactlon costs. Current assets and current liabilitle5 are 5ubsequentty measured at the cash or other ci)nsideration expected to be pald or received and not dlscounted, li- Bridgend United Area Notes to the Financial Statements Cconfvnued) Year ended 31 August 2024 Donatlons and legacles Unrestricted Total Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 DDnations Donations 416 416 267 267 Grants United Reformed Churth Meth£￿15t Syncxl 4,900 7,500 12,667 4,900 7,500 12,667 416 416 Irkvestment Income Unrestricted Funds Restricted Total Funds Funds 2024 Deposlt fund Interest TMCP Interest 454 454 3,423 3,877 3,423 454 3,423 Unrestrlcted Fur￿5 Reslricted Total Funds Funds 2023 DepDSit fund Interest TMCP Interest 495 495 2,061 2,556 2,061 2,061 495 Othe¥ Income Unrestricted Total Funds Unrestrlcted Total FiJnd5 Funds 2024 Funds 2023 Church assessment 108,147 108,147 110,966 110,966 12- Bridgend United Area Notes to the Financial Statements (tt•rttlnuedJ Year ended 31 August 2024 Expendltuie on charitable activities by fund type Unrestrlcted Fund5 Restrlcted Total Funds Funds 2024 Mlnlsterlal overslght and pastoral care of the seven local churches Support of minlstry team maintenan￿ of manses Support cost5 41,274 43,364 12,268 6,737 103,643 41,274 43,364 12,268 8,543 105,449 1,806 1,806 Unrestricted Funds Restrlcted Total Funds Funds 2023 Mlnlsterlal overslght and pastoral care of the seven local churches Support of mlnlstry team Maintenance of manse5 Support Costs 47,387 45,600 57,723 4,984 47,387 45,600 57,723 6,782 157,492 1,798 1,798 155,694 Expeftdlture on charltable actlvltles by actlvlty type ActIvI￿eS undertaken dlrectly Support costs Total funds 2024 Totsl fund 2023 Mlnlsterlal overslght and pastoral care of the seven local ch￿rcheS Support of ministry team Maintenance of manses Support costs 41,274 43,364 12,268 41,274 43,364 12,268 8,543 105,449 47,387 45,600 57,723 6,782 157,492 8,543 8,543 96,906 Analysls of support costs Support costs Total 2024 Total 2023 Insurance Printing, postage and statlonery Independent examSners fees TMCP CAF Bridgend admlnlstrative charge CAF Bridgend district levv Depredation Bank charges 1,440 1,440 1,384 462 2,610 184 1,614 461 67 4,950 4,950 553 64 553 64 7,007 7,007 6,782 13- Bridgend United Area Notes to the Financial Statements (contlnued) Year ended 31 August 2024 10. Net Incomel(expendltuYe) Net incomellexpenditure) Is ststed after charglngl(credltlng)'. 2024 2023 Depreclatlon of tanglble fixed assets 553 461 11. Independent examinatlon fees 2024 2023 Fees payable to Ihe Independent examiner for.. Independent examlnation of the financial statements 2,610 2,610 12. Staff costs The average head count of employees durlng the year was l (2023: 1). 13. Trustee Yemuneiation and expenses No trustee has received remuneration In the year (2023,, Enll), No trustees had travel expenses reimbursed duri￿ the year (2023., £nll). 14. Tanglble flxed assets Equlpment Cost At I September 2023 and 31 August 2024 Depreciation At I September 2023 Charge for the year At 31 August 2024 Carrying amount At 31 August 2024 At 31 August 2023 1,659 461 553 1,014 645 1,198 15. Debtors 2024 2023 Prepayn)ents and accrued Income 300 -14- Bridgend United Area Notes to the Financial Statements Ccontlnued) Year ended 31 August 2024 16. Creditors. amounts falllng due wlthln one year 2024 2023 Assessments re￿iVed in advallce Accruals 10,551 1340 11891 12,993 2,610 15,603 17. Anblysls of charltable funds Unrestrlcted funds At I September 2 023 At 31 August 20 24 Income Expenditure Transfers General funds Designated fund 11,0911 39.929 109,017 1103,643} 4,283 39,929 38,838 109,017 {103,643) 44,212 At I September 2 022 At 31 August 202 Income ExpendltL¢re Transfers General funds Designated fund 30,404 40,000 70,404 119,228 4,900 124,128 (110,602) (45,092) (155,694) (192) 192 38,838 38,838 On 23 August 2022 a transfer of £40,000 was received from restrlcted funds {TMCP CAF), which was deslgnated towards future repair costs to bring the manses up to current standards. The repair works were completd and deslgnated fund5 Utili*d in full In the year ended 31 August 2023. There is no deslgnated fund balance at the balance sheet date. Restrlcted funds At I September 2 023 At 31 August 20 Incorne Expendltvre Transfers TMCP CAF (Clrcult Advance Fund) 8rtdgend 64,842 3,423 (1,806) 66,459 At I September 2 022 At 31 August 202 Income Expenditure Transfers TMCP CAF (Clrcult Advance Fund) Brldgend 64,579 2,061 {1,798) 64,842 15- Bridgend United Area Notes to the Financial Statements (c¢wtlnued) Year ended 31 August 2024 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tanglble Axed assets Current assets Creditors less than l year Net assets 645 56,458 (12,891) 44,212 645 122,917 (12,891) 110,671 66,459 66,459 Unrestrlcted Funds Restrlcled Totsl Funds Funds 2023 Tanglble fixed assets Current assets Qedilors less than l year Net a$5ets 1,198 53,243 (15,603) 38,838 1,198 118,085 (15,6031 103,680 64,842 64,842 19. Additional dlsclosure Please note that 8rldgend Unlled Area acts as an umbrella or resource for the rellglous aclivityes dellvered to the general publlc by the churches In the Brldgend Unlted area. As such, each church makes 'asse55ments' to Bridgend Unlted Area from whlch payments are then made to the min15ters ft)r thelr work, for repalrs to the v8rioiJs manses, mlnislers travel, area meellngs etc. The income and expenditure has been &nal￿d Sn notes 4 to 12. Conslderlng that thls Is a small chartty, thi5 has been deemed sufficient and that this does not fall under the related paity disdosure requirement. -16- CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS BRIDGEND METHODIST CHURCH Circuit FOR THE YEAR ENDED 31 AUGUST 2024 Dlstrlct Clrcult no 02106 Reglstered Charlty- Charlty Reglstratlon number 1127992 11 not a registered charily Her Njajesty's RgvenLEg and Customs Glft Ald number The HMRC number is equivalent lo a registered charity number In l&rms ol evldence of charilable slalus and may be used lo give to donors or gr8nl funder8 wishing lo see evidenc8 of the organisalion's charitable slalu5. Melhodisl charities in England and Wales that are not registered charilies are excepted from regi81falic•n under Slalutory Instrument 2014 No.242 } Minlslers.. Circuit Slew8rds', Rev J Hanson. Mr N Thomas, Mrs J Lewis, Mrs S Baker. Rev J Humphreys: Mr P Benjamin, Ms A Reed.(App.oinled 2010312024X,........._...._........._........ Mr P Wi!Imer.£Resioned 2010312024).: Prof J Jones.(Resioned 20J0312024).,. Mis A Sal!er.(Reslqned 2010312024),..... Rev R Gillion: Rev P R Pansh.(Resi9.ned 2010312024?.., Mr C Martinson IRe$i9.nèd 2010312024).,..._..............._....._.. Mr W J Griffi!hs,.{Resisned 20103120241. and Mrs A BenlaMin.(Resi￿ned 2010312024). ,,-.... Treasurer.. Ms A Reed ACCOUNfs FOR THE YEAR ENDED 31 AUGUST 2024 CHURCH Clrcult Unrestrlcted Clrcu51 Mod¢l Rostrlcled Fund$ Trust Fund Funds Total8 th18 yeor Totals 18St yoar SECTION A RECEIPTS Note a2 A5sessmenVShare 108,147 108 147 110,966 a3 Ca ilal re￿1 Bank and CFB Inte￿St and Investm8nl incoFn8 454 3,423 3.877 2,556 12,400 267 a5 Grants othgr recgipts TOTAL RECEIPTS a6 416 416 a7 109,017 3,423 112.440 a81 126,189 SECTION B bl b2 PAYMENTS Slipends, salaries, NIC, Pension and travel Costs 43,364 13,709 43.364 45,600 59.107 694 b3 Manse Costs 13,709 64 b4 Admin151r8tion èle b5 Dislricl Assessment 41,273 41,273 46,267 GrAnts & Donations b7 b8 Other Payfflents TOTAL PAYMENTS 5,233 103.643 1,806 1,806 7,039 105,449 5,824 157,492 b9 Ib91 Re SECTION C NET RECEIPTSJPAYMENTS FOR THE YEAR c1 a7-b9 1,617 ,991 c2 Total funds brou ht loward from last ar 38,838 64,842 103,680 134.983 Sub total c1+e2 414.212 110,671 103,6BO Transfers and 8d'ustmenls c7 TOTAL FUNDS AT END OF YEAR 1¢3+¢41 44,212 68,459 110,671 Ic81 103,680 c61 SECTION D FOR INFORMATION ONLY.. MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS th050 amounts should not be In¢luded In total r8¢è5 ts1 aym•nts abovo) d1 Ba18ncg brou ht lotwaid frotn last ear d2 O(ferin sIGifts received lor external o anisations d3 Olferin9sIGifts- passed lo gxtsinal organisatlons BALANCE STILL TO HE PAID d1+d2.d3 d4 2015 circ￿11 R£no p.xls BRIDGEND MEYHODIST CHURCH SUMMAR ACCO AND IFITERNAL ORG T MEETI SE¢TIDN £ uldanc8Notss tocom SuMmaryollh&Circuil at¢¢uni$ lor iheyear ended 31 Avou8t2023 and Inlernal Offgani$aiions reFthing lothe Circvil Nleeing. Note ihal the funds of 8n In￿Mal Qfganisat￿n wou'.6 norm81ty be Restrieled funds unles5 Itcould bo tletsrly $rKPNn thai they could beu5e