## **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** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
S19
S20
**_Reconciliation of funds:_**
S21
S22
1
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use
Actuarial gain/(loss) in respect of pension schemes|**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** |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities (Note 12)**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**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 2 **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 3 ## **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 4 ## **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._ |**Recognition of income**
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.|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||| ||||| |**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
£1000
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset**
**investments**
The charity has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.||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 7 **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |Fundraising agents
Operating charity shops
Advertising, marketing, direct mail and
publicity
Start up costs incurred in generating
new source of future income
Rent collection, property repairs and
maintenance charges
Operating membership schemes and
social lotteries
Staging fundraising events
Database development costs
Other trading activities
**Analysis**
Portfolio management costs
Intellectual property licencing costs
Cost of obtaining investment advice
**Expenditure on**
**raising funds:**
Incurred seeking legacies
**Total expenditure on charitable**
**activities**
**Other**
**Total expenditure on raising funds**
**Total**
Mission and Ministry
Contras (mainly "special collections"
where the donor specifies the money is
to bepassed on to other charities)
Net interest on defined pension liability
**Separate material**
**item of expense**
Incurred seeking grants
Building Costs (R&R, Utilities etc - plus
adjustment for depreciation)
Investment management costs:
Incurred seeking donations
**Expenditure on**
**charitable**
**activities**
Employment Costs
Operating a trading company
undertaking non-charitable trading
activity
Investment administration costs
Other
**TOTAL EXPENDITURE**
**Total other 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 8 ## **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 2**
**£**|**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 9 ## **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 10 **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 ## **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 12 **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 13 ## **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 14 **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 15 ## **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)** |Carrying (fair) value at beginning of
period
**Add:**additions to investments during
period*
**Less:**disposals at carrying value
**Less: impairments**
**Add: Reversal of impairments**
**Add/(deduct):**transfer in/(out) in the
period
**Add/(deduct):**net gain/(loss) on
revaluation
Carrying (fair) value at end of year|**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 16 ## **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** |**Amount of concessionary loans received**
**_(Multiple loans received may be disclosed in_**
**_aggregate provided that such aggregation does not_**
**_obsure significant information)._**
**Amounts receivable after more than 1 year**
**Amounts payable after more than 1 year**
**Amounts receivable within 1 year**
**Terms and conditions eg interest rate, security**
**provided**
**Value of any concessionary loans which have**
**been committed but not taken up at the reporting**
**date**
**Amounts payable within 1 year**
**17.6 Concessionary loans**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_ ).**|||| |---|---|---|---| ||**_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 17 ## **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 18 ## **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** |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors - Defined benefit obligations**
**Total**|**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 19 ## **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 20 **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 21 ## **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** _**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|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 22 **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 23 **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 24 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 reS￿1- 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 Ma￿eTS 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