REGisfERED CHARITY NUMBER: 1131224 REPORT OF THE TRUSTELS AND UNAUDITED FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 DECEMBER 2024 FOR PENRALLT BAPTIST CHURCH William5 Denton Crf Charlered Certified Accounlants Glaslyn Ffordd y Par¢ Parc Menai Bangor Gwynedd LL57 4FE
PENRALLT BAPTIST CHURCH CONTE.YTS OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Tru5tee5 I to 2 Independent Ex*miner's Report StAtement of Finaneial Aetivities Balance Sheet Notes to the Financial StAtement5 6 to 13
PENRALLT BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The truslees present their report with Ihe financial statements of the cliarity for the year ended 31 December 2024. The trustees have adopted the provistons of Accounting and Reporting by Charities: Statement of Recommended 14a¢tice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfivES AND ACTIVITIES To be an open. approachable and relevant Christian community where people can draw closer to God and lo encourage spiritual development through community life and service. The trustees ¢onfimi that they have referred io th¢ guidance coniained in the Charity Comrnission'5 general guidance on public benefit when reviewing the Charitys aims and objectives and in planning future activities. ACHIEVEMENTS AND PERFORMANCE Penralli cortlinues to develop 115 central purpose for the advancement of ihe Christian faith through its range of aclivilies, both in PLiblic worship. preaching. teaching, communion and baptism and through ihe en¢ourdgemenl, nurture. training, care and support given 10 the congregalion and Ihe wider community where il is now an important element of Upper Bangor, impacting significanlly with the lives of students and young people. How our Aetivltles dellver publlc beneflt Penralli advances the Christian faiih by engaging wilh its congregation and the wider community. FINANCIAL REVIEW Income for the year has increased by £18,638 to £149,941 (2023 - £131,303) and expenses has increased by £41,592 to £194,736 (20?3 £153,144.) At 31 December 2024 reserves slood at £649,976 (2023 - £694,771) Reserves poll¢y And golng concern The reserves are held io cover day to day running costs and also for further development. The deacons I trustees aim to hold a minimum of six months expendire in the unrestric*d rtserves. The trustees are of the view ihat there are no material unceriainties and therefore ihe Charity is a going concern. STRUCTURE, GOVERNANCE AND MANACEMENT Governing document The Church is governed by the North WesteTn Baptist As%)ciati¢)n which acts as Custodian Trustee. The Church also has its own goveming document. R¢¢rMltm¢n¢ 8nd appolntment of new trustee5 Trustees must be full member5 of ihe Church. They are elected by Church members. generally for a three year term. Decision making All financial decisions are rnade by vole at the Church meeting. All Church meTnbers are able to vote at these meelings which are held quarterly. The meeting can delegate ihe Iruslees to make day-to-day running decisions. Staff do not make financial decisions without consultation with the trustees. Induction and training of new trustees There is a handbook which is made available to any new trustees. The trustees meet logether once a month and make decisions together. and ihrough this process new trustees receive training on the job. There is always an overlap of new and cxistiiig Iru5tees meaning there are aliyays experienced trustees to guide new trustee5. Key mHnAgement remunerAtion AJ)nual review5 are undertaken with each staff member and pay incTeases are in line with the Baptist Union recommended Standard Stipend. Pag¢ I
PENRALLT BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR E]YDED 31 DECEMBER2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Wider network Penrallt Baptist Church is a member of the North Western Baptist Association (charity no.. 247113). The address is Rev Phil Jump, The Resource Centre. Fleet Stree¢. Pemberton. Wigan. WN5 ODS. The North Western Baplist Association and Baptist Union of Gre8t Britain both provide resources lo support and guide the trustees. The truslees can draw on these resources tr) be infornied by best practice. to help them in any urgenl matter5 and make recommendations to the Churth meeling. REFEREYCE AND ADMtNISTRATIVE DETAILS Registered Charity number 1131224 Principal address Holyhead Road Upper Bangor Gwynedd LL57 2EU Trustees Mrs Wendy l.emon Dr Sarah Jackson (re51¢d 31.1.25) Dr Ama Eyo (resigned 31.1.25) Rev John Arthur Thompson Lesley Jackson Wendy Broadbent (resigned 31.1.25) Miss Cathy Fooks Dr Janice Rosemary Ablett Abigail EIizAbeth Penney (appointed 3.7.24) Perpetua Ifiemor (appointed 3.7.24) Independent Examiner Williams Denton Cyf Chartered Certificd Accountsnts Glaslyn Ffordd y Pa Parc Menai Bangor Gwynedd LL57 4FE Approved by order of the board of trustees on . and signed on ils behalf by: DrJanice Rosen)ary ett - Trustee Page 2
DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PENRALLT BAPTIST CHURCH Independent examiner's report to the trustees of Penralh Baptist Church I report to Ihe Gharity trustees on my examinalion of the accounts of Penrnlli Baptist Church (the Trust) for the year ended 31 December 2024. Responsibilities And basis of report As the charity Irusiees of the Trust you are responsible for ihe preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 ('the Acv). I report in respect of my examination of the Trust's accounis carried out under Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515)(b) of the Act. Independent examinevs statement I have completed my examinalion. l eonfirni that no material matters have come to my attention in ¢onn¢¢tion with the examination Diving me cause to belleve ihat in any material respeci: accounting records were not kept in respe¢l of tlie Trust as required by Seclion 130 of the Ael. or the accounts do not accord with those records- or the aceounts do not comply with the applicable requirements concerning ihe forni and content of accounts set ou¢ in the Charitie5 (Accounts and Reports) Regulations 2008 other Ihan any requiremenl ihat ihe accounts give a true and fair view which is not a matter considered as parl of an independent examination. I have no concerns and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper undersianding of the ac¢ounts lo be reached. Owdin Ap Elfed - FCCA William5 Denton Cyf Chartered Certified Accounlants Gla51yn Ffordd y Parc Par¢ Menai Bangor Gwynedd LL57 4FE Date: 16 October 2025
PENRALLT BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Totsl fund5 Unrestri¢ted fund Restricted funds Noles INCOME AND ENDOWMENTS FROM Donations and legacie5 134,726 1,350 136,076 127.830 Investmenl income 6J65 700 13,865 3,473 Total 141,091 8,850 149,941 131,303 EXPENDITURE ON Charitable activities Advancement of Chrisiian Faith 167,579 27,157 194,736 153.144 NET tNCOMEI{EXPENDITURE) Trnnsfers between funds (26,488) (3,780) (18J07) 3.780 (44,795) (21.841) 14 Net movement in funds (30,268) (14,527) (44,795) (21,841) RECONCILIATION OF FUNDS Total funds brought forward 188J50 506,421 694,771 716,612 TOTAL FUNDS CARRIED FORWARD 158,082 491094 649,976 694,771 The notes fonn part of these financial statements Page 4
PENRALLT BAPTIST CHURCH BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Total funds UnTestri¢ted fund Restricted funds Noles FIXED ASSETS Tangible assets 35,960 450.145 486,105 501,013 CURRENT ASSETS Debiors Cash at bank and in hand 12 15,000 110,328 15.000 152,125 12,000 183,853 41,797 125J28 4J,797 167,125 195.853 CREDITORS Amounts falling due within one year 13 (3206) (48) (3,254) (2.095) NET CURRENT ASSETS 122.122 41,749 163.871 193,758 TOTAL ASSETS LESS CURRENT LIABILITIES 158,082 491,894 649,976 694,771 NET ASSETS 158,082 491,894 649,976 694.771 FUNDS Unrestricted funds Restricted funds 14 158,082 491,894 188,350 506,421 TOTAL FUNDS 649,976 694,771 The al slatements weTe approved by the Board of Truslees and aulhorised for issue and were signed on its behalf by., on Miss Cailiy Fooks - Trustee The notes forni part of these financial slatemenls Page 5
PENRALLT BAPTIST CHURCH 1¥40TES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the fin*neial statements The financial stalements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Cliarilies SORP (FRS 102) 'Accounling and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordaTJce with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Sfandard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The fjnancial slatemenis have been prepared under the historical cost convention. Th¢ charity constilutes a public benefit enlity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charitys ability to continue as a going concern. Income All income is recognised in the Staiemeni of Financial Activities once the tharity has entitlement to Ilie funds, it is probable that the income will be received and the amount can be measured reliably. Legacy gifts are recognised on a case by case basis following the granting of probate when the adinini51ratorlexecutor for the estale has coinmunicated in writing both the amount and settlement date. Expenditure Liabi lities are recognised as expenditure as soon as there is a legal or constructive obligalion coinmitting the charity to that expenditure. il is probable Ihai a transfer of economic benefits will be required in settlement and Ihe amount of the obligation Can be measured reliably. Expendire is accounted for on an accruals basis and has been classified under headinss that aggregaie all cost related to Ihe caiegory. Where costs cannot be directly attributed to particular headings they have been allocated io activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitsble activities. Fund Accounting Unrestricted funds can be used in accordance with ihe chartlable objectives at the discretion of the Irustees. Re51ricted funds can only be used for particular ¥trIcted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to the financial Statements. Tangible fixed Assets Tangible fixed assels for use by the charity are stated at cost or in c&ses where fixed assets have been donaled at valuaiion at the lime of acquisition. less depreciation. The cost of minor addilion5 or those costing less than £500 are not capitalised. Depreciation has been provided at the following rates in order to writ¢ down the c05t or valuation less estimated residual value, of all tangible fixed assets by equal annual instalments over their expected useful lives.. Freehold Buildings Property Improvements Equipment 2Yo Straight line 2Yo straight line 250/D reducints balance Page 6 continued.
PENRALLT BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMI Eh'TS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Pension costs And other post-retirement benefits The charity operate5 a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period io which ihey relate. DONATIONS AND LEGACIES 2024 2023 Collecrions General donalions Gift aid donations Events Income tax repaid Hire of hall LlanelwylNWBA 6.364 12,037 88a61 735 22,545 2,190 3,844 9.952 7,507 84,536 18,196 4,070 3,569 136,076 127,830 INVESTMENT LNCOME 2024 2023 Rents received Interest received 7AOO 6,365 3,473 13,865 3,473 CHARITABLE AcfiviTIES COSTS Direct Costs (see note 5) Support costs (see note 6) Totals Advancement of Christian Faith 193,296 1,440 194,736 Pag¢ 7 continued..
PENRALLT BAPTJST CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 DIREcf COSTS OF CHARITABLE ACTIVITIES 2024 2023 Special donations Regular donations Insurance Ministerial Manse, Adminislrator & Youthworker Churcli General Subscriptions and conference Outreach and events Depreciation Loss on sale of assets 11.996 17,018 2,948 51,681 46J25 9,7S9 32,532 593 4.107 2,182 16.003 2,908 41,215 40,693 5,953 21,262 659 4,560 - I I 16,333 16,329 J93,296 151,764 SUPPORT COSTS Govemance cost5 Advancement of Christian Faith 1,440 TRUSTEES, REMUNERATION A]YD BENEFITS Trustees, remuneration and pension contributions totslled £47.199 in the year to 31 December 2024 (£34,952 to December 2023). Trustees, expenses Trustees, expenses were £nil in the year to 31 December 2024 (£nil to 31 Decernber 2023). STAFF COSTS 31.12.24 31.12.23 Wagcs and salarics Social Security costs Other pension c051S 82,597 1,828 7,561 67,640 195 6.735 91,986 74,570 The average number of employees during the year was.. No employee received remuneration of more than £60,000. Page 8 ontinued...
PENRALLT BAPTISTCHURCH NOTES TO THE FINANCIAL STATE] E]%TS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARA TIVES FOR THE sfATEMENT OF FtNANCIAL AcfiviTIES Unrestricted fund Restri¢led funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 127.8iO 127,830 Investment income 3,473 3,473 Total 131,303 13I.303 EXPENDITURE ON CharitAble Activities Advancement of Christian Faith 138.624 14,520 153,144 IYET IIYCOMEI(EXPENDITURE) (7.321) (14,520) (21,841) RECONCILIATION OF FUNDS Total funds broughi fonrd 195,671 520.941 716,612 TOTAL FUNDS CARRIED FORWARD 188.350 506,421 694,771 io. INDEPENDENT EXAMINATIOiY AND OTHER FINANCIAL SERVICE FEES 31.12.24 31.12.23 Independent Examiner's Remuneralion Payroll Services 1,440 824 1,380 774 2,264 2,154 Page 9 continued...
PENRALLT BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ii. TANGIBLE FIXED ASS Penrallt Baplist Church Penrallt Church Improvements Manse Equipment Totals COST At l January 2024 Additions Disposals 130.000 192.155 423005 26,435 1,429 (1,619) 772,39S 1,429 (1,619) At 31 December 2024 130,000 192,155 423005 26,24S 772.20S DEPRECIATION Ai l January 2024 Charge for year Eliminated on disposal 54.704 2,600 26,901 3343 167570 &476 22207 1,414 (1.615) 271J82 16J33 (1,615) At 31 December 2024 57J04 30,744 176,046 22,006 286.100 NET BOOK VAI.UE At 31 December 20?4 72,696 161,411 247,759 4,239 486,105 At 31 December 2023 75.296 165.254 256,235 4,228 501,013 12. DEBTORS: AMOUNTS FALLING DUE WITHIN O]YE YEAR 2024 2023 Gift aid 15,000 12.000 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Accruals 194 1,620 1,440 715 1,380 3,254 2,095 continued..
PENRALLT BAPTIST CHURCH NOTES TO THE FINANCIAL sfATEMENTS_ continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS Net movement in funds Transfers between nds At 31.12.24 Atl.1.24 Unrestricted funds General fund 188JS0 (26,488) (3,780) 158,082 Restricted funds Manse fund Developmenl fund Hazel Verran Legacy fund Hardsliip fund 128,977 333,806 40.813 2.825 1,965 (11,087) (10,000) 81S 3,780 134.722 322,719 30,813 3,640 506,421 {J8J07) 3.780 491,894 TOTAL FUNDS 694,771 (44,795) 649,976 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fund5 Unrestrlcted funds General fund 141,091 (167,579) (26,488} Restrieted funds Manse fund Development fund Hazel Verran Legacy fund Hardship fund 7.500 (5,535) (11,087) (10,000) (535) 1,965 (l J,087) (10,000) 815 lJ50 8,850 (27,157) (18.307) TOTAL FUNDS 149,941 (J94,736) (44,795) Pagell continued...
PENRALLT BAPTisf CHURCH NOTES TO THE FINANCIAL STATEMEYTS- eontinued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS- continued CompAratives for movement in fund5 Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds Generdl fund 195,671 (7,321) 188.350 Restricted funds Manse fund Development fund Hazel Verran Legacy fund Hardship fund 132.064 344.939 40,813 3,125 (3,087) (11.133) 128,977 333,806 40,813 2,825 (300) 520,941 (14.520) 506,421 TOTAL FUNDS 716,612 (21,841) 694,771 Coinparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 131,303 (138,624) (7,321) Restrieted funds Manse fund Development fund Hardship fund (3,087) (11.133) (300) (3,087) (11,133) (300) (14,520) {14,520) TOTAL FUNDS 131,303 (153,144) (21,841) Restricted Funds The purpose of the Manse Fund i5 lo provide a Manse for a mini5t¢r. The Developmeni Fund is for the purchase and development of Penrallt Baptist Church (fomierly known as Twrgwyn). Hazel Verrdn legacy is to be used for the promolion of evangelism and outreach. The putyose of the Hardship Fund is to help Parish members in need of financial assistance. coYJtinued..
PENRALLT BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 DECEMBER 2024 15. RELATED PARTY DISCU)SURES There were no related party Iransactions for the year ended 31 December 2024. Page 13