2021-12-31-accounts - Gilgal Baptist Church, Porthcawl

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

DEACONS’ (TRUSTEES’) REPORT FOR 2021

The trustees of Gilgal Baptist Church, Porthcawl, are pleased to present this report of our activities during 2021. As we often need to remind ourselves, the “church” is NOT a building, rather it is a group of Christian people, called by God to be part of His family. This has never been more evident than over the last year as we have faced together the challenges of the Coronavirus pandemic coupled with the commencement of a major redevelopment of our Park Avenue Church building. Early in the year we continued to meet in our church building following the strict government guidelines in place for Coronavirus. We continued to meet there until June when the building project began. we then started holding our weekly services in the Porthcawl Grand Pavilion, then moved to a local community centre, Awel-y-Mor, in July.

Our Pastor, Reverend Martin Gillard, has continued to preach a strong biblical message both in person and via online services though Facebook, YouTube and on our website www.gilgal.co.uk. For those who do not have the technology and haven’t been able to join us in person we have continued to produce CDs of the services that have then been delivered, along with our weekly news letters, to various members around the area.

This year, we have very much enjoyed the themes of the services. Our pastor took the first part of his sabbatical during the summer and we were blessed to have a number of visiting speakers to our services both morning and evening. On Sunday mornings in 2021 our pastor preached a series on 'Renewing Emotional Wellbeing' looking at characters throughout the bible and how their relationship with God helped them in times of hardship and struggle. A short series before Easter was entitled 'The Journey to Jerusalem - A Date with Destiny' and after his sabbatical a series called 'Our God Is...' looked at the nature and character of the God of the bible. On Sunday evenings in our Disciples' Service we studied 'The Church @ Corinth' (2 Corinthians) and 'The Return of the King' (Revelation chapters 19-22). There were also topical messages on Easter, Harvest, Christmas and Baptism. All these messages are now available on our social media pages and church website.

The Leadership team of Pastor and Deacons meet on a monthly basis, via Zoom or in person when possible. As well as handling matters of current business, they try to think and plan strategically in line with the goals of the church: To be a church that families love, to make disciples who make disciples, to bring more people to faith in Jesus Christ and to have a building that is fit for purpose. The team’s thoughts and decisions are always shared at subsequent Members’ Meetings. We are able to hold these as hybrid meetings with some participating in the church following strict Covid guidelines and some joining us from their homes via Zoom.

Members of the fellowship are encouraged to attend a mid-week House Group and, together with the Bible Study and Prayer Meeting, we have a total of seven such groups and around 70 people meeting at different times and days each week. These groups ran irregularly due to the pandemic. A new group was started for those less familiar with the Bible. The groups generally study the previous week’s sermon, with the aid of questions provided by our Pastor.

We also have several ministry teams, co-coordinating various areas of activity such as administration, community, Evangelism, prayer and world mission: the teams support people already serving in those areas, challenge others to get involved and propose new initiatives. One such initiative from the evangelism team has been to engage with the community, sharing the love of Jesus in our local high street on Tuesday mornings.

Our midweek ladies group “Gilgal Ladies” has developed into a Face book group meeting page which provides daily messages of encouragement and bible verses. Unfortunately, our banner group and craft group have been unable to meet since the beginning of the pandemic but will resume as soon as we return to our redeveloped church building.

The prayer team has continued to run an electronic/telephone prayer chain which we are making very good use of, particularly at those times as when we couldn't meet in person.

We welcomed our new youth Pastor Owen Hughes who now works alongside our newly appointed children’s worker Natalie Sharp. Early in the year Sunday Club was held online until restrictions were eased. We look forward in the coming year to begin new mid week children’s activities. Unfortunately, our annual Holiday Bible Club was unable to take place for a second year but we look forward to resuming this in the future. We were able to restart our toddler group in September 2021 where we regularly welcome around 30 toddlers and their carers to each session.

Conscious that many people in society struggle financially, we run a Foodbank distribution centre, based in the local YMCA. One of our members is a trustee of this charity, which is affiliated to the national body, the Trussell Trust. Thankfully the foodbank has been able to continue serving the local community throughout the pandemic.

In addition to helping people practically, we also want to share with them the news of God’s love. During 2021 we have been able to participate in a number of outreach activities when Covid restrictions allowed. Through these activities, we pray that many will come to know Jesus as their Saviour and Lord. At Christmas time we were able to hold a socially distanced open air in the town centre where we had a nativity scene with REAL donkeys! We gave out invitations to our Christmas services that went ahead and were well attended.

Financially, God has continued to bless the work of the church. The detailed accounts are available elsewhere, but in summary our total net assets at the end of December 2021 stood at £648,549, compared to last year’s figure of £531,560. During the year, £370,235 was spent on the building project to create a new main entrance and add a café, kitchen and toilets at the rear of the church, together with installing underfloor heating throughout the building. At the end of 2021 our total cash balances were £210,319, compared to £460,599 at the end of 2020. We are grateful to our members who, in response to God’s prompting, give so generously, both regularly and with one-off gifts. This also allows us to continue to support numerous Missionary organisations throughout the world both in prayer and financially.

Being out of our church building meant many challenges for us, however we were thrilled to witness 6 baptisms in the sea at Porthcawl in September; consequently we were then able to welcome 5 into membership. Sadly, during 2021 we also lost members who died. We give thanks for the lives and memory of Gwyneth Bridger, Rita Morgan, Pat Wilson and Charlotte Lyn Davies. Our total membership at the end of 2021 is 127 members.

We thank and praise God for all that He has done in the past year and trust Him for all that lies in the future, as together we seek to know Jesus better and to make Him better known.

Gilgal Baptist Church Porthcawl	Gilgal Baptist Church Porthcawl	Gilgal Baptist Church Porthcawl	Charity No (if any)	1134864
Annualaccountsforthe period
Period start date	01/01/2021	To	Period end date	31/12/2021

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
123,918	93,109	-	217,027	181,457
1,330	-	-	1,330	1,922
3,043	-	-	3,043	1,970
1,542	612		2,154	3,782
-	-	-	-	-
-	1,153	-	1,153	1,461
129,833	94,874	-	224,707	190,592

-	-	-	-	-
106,727	500	-	107,227	163,951
-	-	-	-	-
328	1,153	-	1,481	2,612
107,055	1,653	-	108,708	166,563

22,778	93,221	-	115,999	24,029
-	-	-	-	-
22,778	93,221	-	115,999	24,029
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
990	-	-	990	13,079
23,768	93,221	-	116,989	37,108

339,678	191,882	-	531,560	494,452
363,446	285,103	-	648,549	531,560

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
179,178	273,259	-	452,437	71,095
-	-	-	-	-
-	-	-	-	-
179,178	273,259	-	452,437	71,095

-	-	-	-	-
20,885	4,774	-	25,659	29,120
30,554	-	-	30,554	389,084
172,695	7,070	-	179,765	71,515
224,134	11,844	-	235,978	489,719

18,866	-	-	18,866	3,103

205,268	11,844	-	217,112	486,616

384,446	285,103	-	669,549	557,711

-	-	-	-	-
21,000	-	-	21,000	26,151

363,446	285,103	-	648,549	531,560

-			-	-
	285,103		285,103	191,882
363,446		-	363,446	339,678
			-
363,446	285,103	-	648,549	531,560

Signature		Print Name		Date of approval dd/mm/yyyy
A.J.Hornsby		A.J.Hornsby		22/03/2022

CC17a (Excel)

21/10/2022

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities
• and with*  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with*  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

TRUE

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate: Not Applicable

An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No		* -Tick as appropriate

*Please disclose:*

(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

CC17a (Excel)

21/10/2022

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes  No  *Please disclose:*		* -Tick as appropriate	* -Tick as appropriate
	

*(i) the nature of any changes;*
*(ii) the effect of the change on income and expense or* *assets and liabilities for the current period; and*
*(iii) where practicable, the effect of the change in one or* *more future periods.*

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes  No *Please disclose:*		* -Tick as appropriate	* -Tick as appropriate


*(i) the nature of the prior*		*period error;*
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*
*(iii) the amount of the correction at the beginning of the* *earliest prior period presented in the accounts.*

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Yes No N/a	Yes No N/a	Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		

Yes No N/a	Yes No N/a	Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a

		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 101,03324,835 - 125,868138,136 GiftAid 20,885 4,774 - 25,65928,281 Legacies 2,000 - - 2,000 550 General grants provided by government/other charities -63,500 -63,50014,490 Membership subscriptions and sponsorships which are in substance donations - - - - - Donatedgoods,facilities and services - - - - - Other - - - - - Total 123,918 93,109 - 217,027 181,457 Lunch Club/Senior Citizens' Teas 975 - -975 1,595 Toddlers 355 - -355 309 - - - - - Other - - - - 18 Total 1,330 - - 1,3301,922 Hire of halls 696 - -696 1,824 Fundraising concert - - - - - Sale of Pews/Other Wood/Radiators 2,116 - - 2,116 - Other 231 - - 231 146 Total 3,043 - -3,0431,970 Interestincome 1,542612 - 2,1543,782 Dividendincome - - - - - Rentalandleasingincome - - - - - Other - - - - - Total 1,542 612 - 2,1543,782 - - - - - - - - - - - - - - - - - - - - Total - - - - - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset heldforcharity's ownuse - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other -Contras-SeeNote 6 - 1,153 - 1,1531,461 Total - 1,153 - 1,1531,461 129,833 94,874 - 224,707 190,592 Other information: Analysis Donations and legacies: Charitable activities: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis
	Donations and gifts	101,033	24,835	-	125,868	138,136
	GiftAid	20,885	4,774	-	25,659	28,281
	Legacies	2,000	-	-	2,000	550
	General grants provided by government/other charities	-	63,500	-	63,500	14,490
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	123,918	93,109	-	217,027	181,457

	Lunch Club/Senior Citizens' Teas	975	-	-	975	1,595
	Toddlers	355	-	-	355	309
		-	-	-	-	-
	Other	-	-	-	-	18
	Total	1,330	-	-	1,330	1,922

	Hire of halls	696	-	-	696	1,824
	Fundraising concert	-	-	-	-	-
	Sale of Pews/Other Wood/Radiators	2,116	-	-	2,116	-
	Other	231	-	-	231	146
	Total	3,043	-	-	3,043	1,970

	Interestincome	1,542	612	-	2,154	3,782
	Dividendincome	-	-	-	-	-
	Rentalandleasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	1,542	612	-	2,154	3,782

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset heldforcharity's ownuse	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other -Contras-SeeNote 6	-	1,153	-	1,153	1,461
	Total	-	1,153	-	1,153	1,461

		129,833	94,874	-	224,707	190,592

All income in the prior year was unrestricted except for: (please provide description and amounts)		Donations to building fund of £40,190; gift aid on same £8,291. Interest on building fund £1,158. Grants of £9,000 towards building project, £4,965 towards stonework repairs, £525 from Western Power's "In this together" Covid fund. Contras (mainly gifts to be passed on to specific charities) £1,461.
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.


Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
Incurred seeking donations	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-
Incurred seeking grants
Operating membership schemes and social lotteries
Staging fundraising events	-			-	-
Fundraising agents
Operating charity shops
Operating a trading company undertaking non-charitable trading activity
Advertising, marketing, direct mail and publicity	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-
Database development costs	-	-	-	-	-
Other trading activities
Investment management costs:	-	-	-	-
Portfolio management costs	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-
Investment administration costs	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-
	-	-	-	-	-
Total expenditure on raising funds	-	-	-	-	-

Employment Costs	49,252	-	-	49,252	66,691
Mission and Ministry	41,080	500	-	41,580	39,814
Building Costs (R&R, Utilities etc - plus adjustment for depreciation)	15,289	-	-	15,289	56,396
Other	1,106	-	-	1,106	1,050
Total expenditure on charitable activities	106,727	500	-	107,227	163,951

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total	-	-	-	-	-

Contras (mainly "special collections" where the donor specifies the money is to bepassed on to other charities)	-	1,153	-	1,153	1,928
Net interest on defined pension liability	328	-	-	328	684
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total other expenditure	328	1,153	-	1,481	2,612

	107,055	1,653	-	108,708	166,563

CC17a (Excel)

21/10/2022

Section C Notes to the accounts

Note 9 Support Costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

Support cost (examples)	Raising funds £	Activity 1 £	Activity 3 £	Grand total £	Basis of allocation
					(Describe method)
Governance	-	750	-	750	All unrestricted Independent Examination fees
	-	-	-	-
	-	-	-	-
	-	-	-	-
Other	-	-	-	-
Total	-	750	-	750

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

CC17a (Excel)

21/10/2022

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	750	810
	0	0
	0	0
	0	0

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits (Manse etc)

Total staff costs	This year £	Last year £
	40,331	55,243
	500	1,262
	4,364	6,108
	4,057	4,078
	49,252	66,691

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

TRUE

Band	Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999



Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity
	£38,207 (Our Pastor is both a full time employee and a trustee, with the permission of the Charity Commission)

11.2 Average head count in the year

The parts of the charity in which the employees work

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	1.5	2.0
Governance	-	-
Other	-	-
Total	1.5	2.0

CC17a (Excel)

21/10/2022

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

£4,364

Amount of contributions recognised in the £4,364 SOFA as an expense Please explain the basis for allocating the All employment costs, including pension contributions, are paid from unrestricted funds. liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the scheme is Our Pastor belongs to the Baptist Ministers Pension scheme. This was originally a defined benefit plan, but this was closed in 2011 accounted for as a defined contribution and replaced by a defined contribution plan. Our Youth Pastor contributes to a defined contribution plan. plan, it is a defined benefit plan.

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme ("the scheme), which is administered by the Pension Trustee (Baptist Pension Trust Limited). The scheme is a separate legal entity and the assets of the Scheme are held separately from those of the Employer and the other participating employers. For any month, each participating employer in the Scheme pays contributions as set out in the Schedule of Contributions in force at that time. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the scheme's assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable towards benefits and Please provide such information as is expenses accrued in that year, plus any impact of deficiency contributions (see below). From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable available about the plan's surplus or deficit Income and employers pay 6% of members' Pensionable Income into individual pension accounts, which are operated and and the implications, if any, for the reporting managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a charity further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain (BUGB) with Unum Limited. Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre2012 service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers' Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.

Actuarial Valuation as at 31 December 2019: A formal valuation of the Defined Benefit (DB) Plan wa the Projected Unit Method. The market value of the DB Plan revealed a deficit of assets compared with the val 94%). The Church and the other employers supporting The key assumptions underlying the valuation were as	s performed at 31 Decem Plan assets at the valuati ue of liabilities of £18 milli the DB Plan are collective follows:	ber 2019 by a professional on date was £298 million. on (equivalent to a past s ly responsible for funding es, with allowance for futu erm annual rate of improv nal initial mortality improv e not later than as at 31st ere a valuation of the DB and other employers invo ons are payable until 30 J 014 and increase annuall the Council agreed a 50% is reduction is allowed for	ly qualified Actuary using The valuation of the DB ervice funding level of this deficit. re improvements in ement of 1.75% for ement factor A=0.5%. December 2022. Plan reveals a deficit the lved in the DB Plan. une 2026. These y in line with increases to reduction for all in the figures shown in
Type of financial assumption	%pa
RPI price inflation assumption CPI price inflation assumption Minumum Pensionable Income increases (CPI plus 0.75% pa) Assumed investment returns: - Pre-retirement - Post retirement Deferred pension increases: - Pre April 2009 - Post April 2009 Pension increases: - Main Schemepension	3.20 2.70 3.20 2.95 1.70 3.20 2.50 2.70
Post-retirement mortality in accordance with 80% of th mortality rates from 2013 in line with the CMI 2019 cor males and 1.5% for females, with the core smoothing p The next actuarial valuation of the DB Plan within the s Recovery Plan: In addition to the contributions to the D Trustee and the Council agree to a rate of deficiency c Under the current Recovery Plan dated 30 September contributions are broadly based on the employer's mem Minimum Pensionable income as defined in the Rules. deficiency contributions payable between 1 July 2020 a these accounts, where appropriate.	e S3NFA and S3NMA tabl e projections, with a long t arameter and with additio cheme is due to take plac C Plan set out above, wh ontributions from churches 2020, deficiency contributi bership at 31 December 2 However, the Trustee and nd 31 December 2020. Th

Movement in Balance Sheet liability
Section 28.11A of FRS 102 requires agreed deficit reco provision is set out in the table below.	very payments to be reco	gnised as a liability. The	movement in the

Accounting date (year ending):	31 December 2021	31 December 2020
Balance sheet liability at year start	£26,151	£41,855
Minus deficiency contributions paid	-£4,489	-£3,309
Interest cost (recognised in SoFA)	£328	£684
Remaining change to balance sheet liability*	-£990	-£13,079
Balance sheet liability at year end	£21,000	£26,151

* Comprises anychange in agreed deficit recovery plan	and change in assumptio	ns betweenyear-ends.

This liability represents the present value of the deficit followingassumptions set byreference to the duration	contributions agreed as at of the deficit recovery pay	the accounting date and h ments:	as been valued using the

Accounting date	31 December 2021	31 December 2020	31 December 2019
Discount rate	2.0%	1.4%	1.7%
Future increases to Minimum Pensionable Income	4.1%	3.2%	3.3%

Cessation Event: Consequent upon the departure of t under Section 75 of the Pensions Act 1995. This make reference to the cost of securing benefits by the purcha Scheme. In December 2019 the Church entered into a “Double C this arrangement the Church is no longer liable for this line with the RecoveryPlan outlined above.	he then Minister from the s the Church liable for the se of annuities) applicable essation Debts Arrangem debt, but the Church conti	Church in 2009, the Churc proportion of the overall d to its previous Ministers ent” with BUGB and the P nues to pay the ongoing d	h had a cessation event eficit (assessed by who were members of the ension Trustee. Under eficiency contributions in

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan

Each of the churches participating in this plan is responsible solely for its share of the deficit and is not liable for other entities' obligations. Also see narrative above.

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions £	Grants to individuals £	Support costs £	Total £
Donations to various Christian organsations and to other churches	25458	1100	NIL	26558
Activityorproject 2			-	-
Activityorproject 3			-	-
Activityorproject 4			-	-
*Total*	-	-	-	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

*My charity has made grants to particular institutions that are material in* *the context of its grantmaking. Details of the institution supported,* *purpose of the grant and total paid to each institution is available on the* *charity's web site.*	*Yes*	*Please provide* *details of charity's* *URL.*
	No	*Provide details* *below*

Names of institution	Purpose	Total amount of grantspaid £
Baptist Missionary Society	Support of churches worldwide	8,000
Baptists Together Home Mission Fund	Support of Baptist churches in UK	8,000
South Wales Baptist College	Support of ministers in training	1,000
Tear Fund	Relief & Development work	2,500
Latin Link	Support of churches in South America	2,000
Blythswood Care	Relief & Development work	900
		-
		-
		-
		-
*TOTAL GRANTS PAID* *Other unanalysed grants of £500 or less each* *Total grants to institutions in reporting period*		22,400
		3,058
		25,458

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

14.1 Cost or valuation	n
Freehold land & buildings Other land & buildings £ £ At the beginning of the year 52,757 - Additions 386,758 - Revaluations - - Disposals - - Transfers - - At end of the year 439,515 - Basis* None applied - the real value of these assets is considerably greater than their historic cost None applied - the real value of these assets is considerably greater than their historic cost Rate At beginning of the year - - Disposals - - Depreciation - - Impairment - - Transfers - - At end of the year - - Net book value at the beginning of the year 52,757 - Net book value at the end of the year 439,515 - 14.4 Impairment 14.5 Revaluation 14.3 Net book value 14.2 Depreciation and impairments the name of independent valuer, if applicable the carrying amount that would have been recognised had the assets been carried under the cost model. the methods applied and significant assumptions Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. If an accounting policy of revaluation is adopted, please the effective date of the revaluation*	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
	52,757	-	-	134,743	187,500
	386,758	-	-	-	386,758
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	439,515	-	-	134,743	574,258
	d impairments
	None applied - the real value of these assets is considerably greater than their historic cost	None applied - the real value of these assets is considerably greater than their historic cost	SL or RB	Reducing Balance	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
				Mainly25%
			- 116,405 116,405 - - - - 5,416 5,416 - - - - - - - 121,821 121,821 - 18,338 71,095 - 12,922 452,437 *provide:*
	-	-	-	116,405	116,405
	-	-	-	-	-
	-	-	-	5,416	5,416
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	121,821	121,821

	52,757	-	-	18,338	71,095
	439,515	-	-	12,922	452,437

14.6 Other disclosures (i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.

The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Cash & cash equivalents	Listed investments	Investment properties	Social investments	Other	Total
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments Cash or cash equivalents Investment properties Other investments Total Social investments Grand total (Fair value at year end+Cost less impairment) Listed investments
	Fair value at year end	Cost less impairment
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-

17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications

(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

CC17a (Excel)

21/10/2022

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments Cash or cash equivalents Listed investments Investment properties Social investments Other investments Total	This year	Last year
	£	£
	30,554	389,084
	-	-
	-	-
	-	-
	-	-
	30,554	389,084

17.5 Guarantees Please provide details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees Please explain how the guarantee furthers the charity's aims


*Description*	This year £	Last year £




*Total*

*Description*	This year £	Last year £



*Total*

17.7 Additional information Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk. For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

*Please complete this note if the charity has any* *debtors or prepayments.* Note 19 Debtors and prepayments
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors	This year £	Last year £
	21,050	28,282
	-	-
	0	838
	21,050	29,120

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
111	-	-	-
-	-	-	-
17,333	810	-	-
1,422	2,293	-	-
-	-	21,000	26,151
18,866	3,103	21,000	26,151

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

*Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	179,765	71,515
	-	-
	179,765	71,515

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
BuildingFund	R	BuildingImprovements	191,882	94,874	(1,653 )	-	-	285,103
General Reserve	UR	Unrestricted General Reserve	339,678	129,833	(107,055 )	-	990	363,446
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
*Other funds*	N/a	N/a	-	-	-	-	-	-
Total Funds			531,560	224,707	(108,708 )	-	990	648,549

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
BuildingFund	R	BuildingImprovements	138,360	65,590	(12,068 )	-	-	191,882
General Reserve	UR	Unrestricted General Reserve	356,092	125,002	(154,495 )	-	13,079	339,678
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
*Other funds*	N/a	N/a	-	-	-	-	-	-
Total Funds			494,452	190,592	(166,563 )	-	13,079	531,560

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

FALSE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
		This year				Last year
		Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
		£	£		£	£
Rev Martin Gillard	Constitution	30360	4007		3840	37563
Mr Steve Lock	Charity Commission Agreement	0	0	2000	0	26473

Please give details of why remuneration or other employment Rev Martin Gillard is the Pastor of the church. By virtue of his benefits were paid. office he is a member of the leadership team and hence a trustee, but he is also entitled to a stipend in accordance with our constitution. Where an ex gratia payment has been made to a trustee, provide an Mr Steve Lock was employed by the church (as a youth explanation of the nature of the payment. worker) prior to becoming a trustee and the Charity Commission consented to this arrangement. He left our employment at the end of 2020, but received an ex gratia payment of £2,000 early in 2021 in recognition of the esteem in which he was held by the members.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)			*FALSE*

Type of expenses reimbursed		This year	Last year
		£	£
Travel		117	494
Subsistence
Accommodation
Other (please specify): Cost of attending ministers' conference		65

	TOTAL	182	494
Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity
	ONE

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)

FALSE

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
			£	£	£	£
Porthcawl YMCA	Common Trustee - Mr A J Hornsby	OUT: Room Hire for running Foodbank	1856
Gulu Mission Initiative	Common Trustee - Mr A J Hornsby	OUT: Donation to support charity's work in Uganda	500
The G P Janes Bequest Fund	Common Trustee - Rev M J Gillard	IN: Grant Towards Building Project	50000

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

CC17a (Excel)

21/10/2022

Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

CC17a (Excel)

21/10/2022

INDEPENDENT EX.AP+lllER'% REPORT TO THE TRUSTEES GILGAL BAPTI%T CHLRCH PORTHCAWL Independenl examÈner's report to the trustee5 of GÉlgal B4ptiSt Church Porthcawl report to rhe charitj trusiees on m) eNaminaiion of the accounts of the Gilual Bapiisi Church for the year ended i l December ?O?l. Responsibiliiies and basis of report A5 the chariij irusiees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act.). I report in respect of my examination of the Trusi's a¢count5 carried out under seciion 145 of the Act and in carry ing out m> exainination I have follomed all applicable Directions given b) the Charit)". Commission under section 145(51(b} of the Act. Independent exafftiner's ststernent I have compleied my exaTnination. I confirn1 no maierial tnatters have come w my attention in connection wilh the examination giving me cause io b¢li¢ve that in any material reS1- accouniing records were not kepi in respeci of the Trust as requited by s¢¢iion 130 of the Act- or Ihe accounts do noi accord M ith those records- or the accounts do not cotnply with the applicable requiretnents conceming the forni and CQnE¢nt of aceounis sei oui in Ihe Charitie5 (Accounis and Reports) Regulations 7008 other than an) Tequirement that the accounts give a true and fair view which is noi a matter Considered as pan of an independent examinaiion. I have no concerns and have ctsme across no other MaeTS in collnectii)n with Ihe examinaiion to which aiiention should be dram n in ihis report in order io enable a proper understanding of the accounts to be reached. YLE ACA Baker yle Chartered Accountants Orbit Business Centre Merth)'r Tydfil CF48 1 DL Dale: ? 1st October ?0?? Page I