Towy Community Church Charity number. 1136394 Company Registration Number.. 07181550 Trustees, report and financial statements for the year ended 31 $1 December 2023
Towy Community Church 07181550 Contents Page Legal and administrative information Trustees report Independent Auditors report Statement of financial activities 10 Balance sheet Notes to the financial statements 12- 17
Towy Community Church 07181550 al and administrative information Charity Name.. Towy Community Church Charity Registration Number.. 1136394 Company Registration Number.. 07181550 Address.. Xcel Centre Llansteffan Road Johnstown Carmarthen SA313BP Trustees & Directors.. Mary Bayes Niall Pickup Paul Griffiths Emyr Jones Tim Howells Charlie Evans- appointed 28.04.23 Auditors: Ashmole & Co The Old School, The Quay, Carmarthen, Carmarthenshire, SA31 3LN Bankers.. Lloyds TSB King Street Carmarthen Nat West King Street Carmarthen
Towy Community Church 07181550 Re ort of the Trustees For the year ended 31 December 2023 The Trustees present their report and the financial statements for the year ended 31 December 2023. The trustees who served during the year and up to the date ofthis report are set out on page 1. Structure, governance and management The Charity is managed by trustees who are appointed by the church leadership. The board of trustees will consist of members equally representing the church leadership and church attendees. Governing Document The charity is governed by its Memorandum and Articles of Association as a Company Limited by Guarantee. Objectives and activities I Public Benefit The main purpose and objects of the charity are set out in the Memorandum of Association as follows.. to advance the Christian faith in accordance with the Statement of Belief in Carmarthenshire and in such other parts of the United Kingdom or the world as the Leadership Team may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Church., to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the Leadership Team may from time to time think fit., to benefit the local community of Carmarthenshire and the neighbourhood by associating together with the said local community and the local authorities, voluntary and other organisations in a common effort to advance education andlor to provide facilities in the interests of social welfare for healthy recreation and leisure time occupation with the objective of improving conditions of life for the residents. Achievements and erformance 2023 Church Re ort 2023 The year started with an excellent evening of fun and games to celebrate the New Year in our new venue at St. Catherines Walk along with a time to reflect on the goodness of God over us as a church in 2023. In January, our online Zoom prayer meeting continues to be a success with various church members leading us in prayers for our nation and for our local cornmunity. We had many visiting speakers from all over Wales and even as far as Hong Kong, Denmark and the USA. Our monthly format for services was also an encouragement to everyone. The first Sunday of the month being a family service where the children are a part of the whole service and the talk is mainly directed at them. These services have been so rewarding and also an opportunity for our children's team, who wonderfully each week put on a fantastic program to have a week's break. The new venue has allowed us to do so much more for the children who attend each week. The second Sunday an opportunity to continue studies into the word like the excellent book on Romans by Andrew Ollerton, the third Sunday Café Church an opportunity to discuss around a coffee the message from the previous week. This has been life changing for so many as they have had the opportunity to ask questions and receive prayer in a small group setting We've also continued to meet up every quarter with our close friends from Bethel Church and worshipped together as ONE Church with some excellent visiting speakers. We continued to run Alpha with Bethel Church and our relationship with the Alpha team has continued to grow and they have been very supportive of our initiatives to reach out into the community with the good news of the gospel. Alpha UK helped to match fund our Christmas events at st. Catherines Walk with over 2500 in attendance with many children receiving a present frorll Father Christmas. As a result, we saw many attending our Christmas services. Many from the church attended the New Wine Cymru conference and we continue to be grateful for their support to Towy Community Church.
Tovry Community Church 07181550 This was also a very special year for Towy as we also celebrated 10 years of Xcel Project. On Sunday the 24th of September we held a thanksgiving service at Xcel Bowl. Local dignitaries and the community were invited to celebrate and give thanks to God for the amazing work of the projects over the past 10 years it was truly a momentous and emotional day. Together we celebrated "Reaching People - Changing Lives" through Carmarthen Foodbank, Xcel Furniture and Xcel Community Shop, Carmarthen Community Money Advice and of course the excellent community venue of Xcel Bowl. It was wonderful to be reminded of real lives that have been impacted throughout our community... .Yes it's all worth it when you see the difference in Carmarthen when a church and community work together. Our youth events have continued to grow with football at the "Pod" and also a youth service called The Gathering" with around 300 youth from all over West Wales in attendance. So again, a very busy year, for Towy Community Church. A year when we continued to reach out to bless, help and support our community We pray that we will continue to serve Carmarthen in practical and spiritual ways. Our mission remains the same, displaying God's love to this wonderful community, bringing hope in Jesus name, "Reaching People and Changing Lives" Xcel 2023 Re ort In 2023 we continued to face the pressures faced by the economy as a whole - the cost-of-living crisis being a major factor in both the bowling operation lour main source of income) and the demands on our social outreach projects We are very grateful to the dedication of our staff and volunteers for their hard work to maintain our project's main aim of reaching people and changing lives. Xcel Bowl In May we made a major investment in our future by financing a refurbishment of the bowl, requiring the site to be closed for a period of weeks. The soft play area was reduced but is now provided free of charge and aimed at pre- school children in particular. We are very proud to be recognised on Google as the second highest rated bowling alley in Wales with a rating of 4.6 out of 5. This success is a Credit to our manager, Nat Gale and his team. We are fully open to special community events and by disabled user groups. We are delighted to report that the majority of user groups have returned to using the Bowl on a regular basis. The Bowl was utilised to host a small number of Towy Community Church events. Xcel Furniture The Furniture recycling centre, incorporating the Community Shop was fully open throughout the year. Again, we place on record our thanks to Hywel Jenkins and his team of employees and volunteers for their hard work through the year. During 2023 we collected 32,108 items, totalling 147 tonnes of wh ich 10.45 ton nes were of large electrical items. In total. 110 units were given free of charge to the community and 22 families were assisted with free furniture under our voucher scheme. We would want to record our thanks to EasyBooks for their continued sponsorship of the furniture van, which enables us to run two delivery vehicles. Carmarthen Foodbank and Carmarthen Community Money Advice We were delighted in 2023 to welcome both Cath Cork and Carolyn Yelland to our team as Foodbank and CMA manager respectively. Janet Heath moved across from Furniture to become our Warehouse Manager within the Foodbank team. Miriam Jones moved to oversee both teams but chose to resign from the project after many years of dedicated service to pursue other opportunities Anwen Turton has flourished in Goncentrating her time in the area she works best in direct5y advising clients We place on record our continued thanks lo all employees and volunteers for their hard work and dedication in what has been an increasingly difficult year as the cost-of-living crisis As directors we are humbled by their diligence and compassion in meeting the needs of our community. As a Foodbank we continue to work alongside The Trussell Trust as one of a small number of Foodbanks to run their Pathfinder Project research - looking at the causes of poverty in our area. 41 Piiye
Towy Community Church 07181550 During the year, the Foodbank worked with over fifty referral agencies (the most referrals coming from Carmarthen County Council Housing Services. Carmarthen Job Centre and our own Community Money Advice) and saw a massive 37°/o increase in emergency food parcels. In total. 1.377 three day emergency food parcels were distributed with a total of 3,279 people fed (including 1 ,257 children). The main reasons for the referrals were the rising costs of food and energy bills allied to low wages, debt issues and ongoing physical and mental health issues. The community continues to be generous in their donations but we have seen a drop-off in food donations and have increasingly had to supplement our supplies from our own income. Community Money Advice is now established as a support to any requiring debt and budgeting assistance. We recognise that the work with every client is complex and work intensive and would thank all our volunteers through the year and in particular Peter Mount for his work. The Table in the centre of Carmarthen is now fully open and is used by both us and other agencies to support our community. We have supported 56 clients over the year and managed £467,441.09 of debts. Since August 2023 we have been capturing more data on our overall impact and are proud to announce that we have achieved £197,000 of financial gains for our clients. Case Study An individual living with a 17 year old child moved into the area after the death of their partner at the beginning of the year. Renting in private accommodation, not working due to ill health and on basic universal credit. They had already started to apply for Personal Independence Payment and waiting their decision (this process can take up to 12 weeks). This person first presented themself at Carmarthen food bank, with very low income, facing a very difficult situation and in a new area. From sharing their story with volunteers, they were referred into our CMA debt service. They met every week for approximately a Month with CMA who gave debt advice and general support to help Inancially. This included contacting creditors, arranging a moratorium period against further action and developing a budget for future planning. We undertook a benefit check identifying bereavement support, as well as providing ongoing food parcels while things were processed. Made a discretionary assistance fund application for a new cooker and fridge for their new home. As starting in a new home, this was not furnished so Xcel furniture was able to support in supplying wardrobes. Over a 6 week period, we were able to make a difference and met all their needs and they are now back on track, their income has increased, they have an affordable debt management plan and no longer using the food bank services. At the end of our last appointment, the client broke down in tears and said 'you have no idea the relief I feel knowing that everything looks1ike it will be okay - thank you. Summary We began these projects to support Towy Church's mission of reaching people and changing lives and remain committed to these goals. We appreciate your prayers for wisdom in planning for the future of the projects, and for the support many of you give in volunteering roles - thank you.
Towy Community Church 07181550 Financial review Policy on reserves The Charity's policy is to keep a minimum in general funds to run the organisation for 3 months. Statement of trustees, responsibilities The trustees are responsible for preparing the annual report and the financial ststements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to.. select suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensLJre that the financial statements comply with the Charities Act 2011. Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees declare that they have approved the trustees, report above. On behalf of the board Signed.. .Trustee Date.. I9/-L# PrintName...............
Towy Community Church 07181550 ort of the Inde endent Auditors to the Members of To Commlini Chlirch Opinion We have audited the financial statements of Towy Community Church I'the charitable company'l for the year ended 31 St December 2023 which comprise Statement of Financial Activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 sl December 2023 and of its incoming resources and application of resources for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of United Kingdom Generally Accepted Accounting Practice. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial staten7ents section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard and we have fu Ifilled our other eth ical responsibilities in accordance with these req uirements We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or colleLtively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report. including the trustees, report. other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us, or the financial statements are not in agreerllent with the accounting records and returns., or
Towy Community Church 07181550 certain disclosures of trustees, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements In respect of irregularities, including fraud. In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the Inancial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team.. Obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the framework., Inquired of management, and those charged with governance, about their identification and assessment of the risks of irregu larities, including any known actual, suspected or alleged instance of fraud.. Discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. As a result of these procedures, we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, the Charities Act and the Companies Act 2006. We performed audit procedures to detect non-compliance which may have a material impact on the financial statements which included reviewing the financial statements d isclosures. The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to any significant. unusual transactions and transactions entered into outside the normal course of business. A further description of our responsibilities is available on the Financial Reporting Council's website at-. www.frc.org. uklauditorsresponsibilities.
Tov4y Community Church 07181550 Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. DJC Morgan FCCA, Bsc (Senior Statutory Auditor) For and on behalf of Ashmole & Co. Chartered Certified Accountants & Registered Auditors The Old School The Quay Carmarthen Carmarthenshire SA313LN Date. 23rd September 2024
Towy Community Church 07181550 STATEMENT OF FINANCIAL ACTIVITIES for the period ended 31st December 2023 Unrestricted Restricted Funds Funds notes Total Funds last Incomin Resources Donations, Legacies & Similar Incoming resources Donations Income Grants reCeId - Unrestricted Grants Receivad - Restricted 87,723 35,812 123,534 111.935 51,965 51,965 38,105 Incoming Resources from Operating Activities a) in furtherance of the charity's objectives Trading income 1,074,137 1.074.137 1,024,367 bl for generating funds Fundraising Investment Income Bank Interest Receivad 33 Other Incoming Resources Tax Rebate from Conant/G1ft Aid Other income 13,534 342 1,259 5,497 14,793 5,839 12,077 19.192 TOTAL INCOMING RESOURCES 101,598 1,168,671 1,270,268 1,205,709 Resources Ex ended Costs of generating Funds Fundraising Costs Charitable Expenditure GrantslGifts in furtherance of objecti$ Resources Expended on Management & Administration (including Xcel costs) Support Costs GOrnanCe Costs.. Audit Fees Foes for preparation of accounts 13,872 13,872 13,514 87,351 1.297,139 1,384,489 1,124.229 8,975 8.975 16,070 2,500 900 2,500 900 2,500 900 TOTAL RESOURCES EXPENDED 101.222 1,309,513 1,410,736 1,157,212 NET INCOMING RESOURCES Before transfers 376 -140,843 Transfers Between Funds NET INCOMING RESOURCES After transfers 376 -140,843 -140,467 48,496 Gains/Losses on Rewaluation of Fixed Assets NET MOVEMENT IN FUNDS 376 -140,843 -140,467 48,497 Total Funds Brought Forward Total Funds Carried Forward 23.984 24,360 1,116,297 975,454 1,140.282 999.814 1,091.786 1,140,282 Continuing Operations All income and expenditure has arisen from continuing actimties 10 | Pcl
Towy Community Church 07181550 Un restricted Restricted Funds Funds notes Total Funds last ear Balance Sheet as at 31st December 2023 Fixed Assets-Tan ible Fixed Assets -Tangible 1,498 1,305,829 1,307,327 1,339,271 Current Assets Stock Debtors & Prepayments Bank & Cash 8,311 26,865 160,281 195,457 8,311 28,288 185,079 221,878 5,895 30,651 345,336 381,882 1,423 24,798 26,221 Current Liabilities Creditors & Accruals Loan - repayments due in 1 year fallin due within 1 ear 12 3,358 158,238 70,279 161,597 70,279 158,539 83.601 3,358 228,517 231,876 242,140 Net Current Assets 22,862 -33,060 -10,198 139,742 Totsl Assets less Current Liabilities 24,360 1.272,769 1,297,130 1,479,014 Creditors Falling due after 1 year Promsions for Liabilities & Charges 12 297,315 297,315 338,732 Total Net Assets 24,360 975,454 999,814 1,140,282 Fund Balances Funds Blfvd Net m0ment of funds 23,984 376 1,116.297 -140.843 1,140,282 -140.467 1,091,786 48,497 TOTAL FUNDS 24,360 975,454 999,814 1,140,282 The financial statements were apprOd by the Board of Trustees on were signed on its behalf by 241912oW and Signed.. Trustee Print Name.............
Towy Community Church 07181550 Notes to the financial statements for the year ended 31 December 2023 1. Basis of preparation 1.1. Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2015}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. These financial statements are prepared on the going concern basis. The trustees have taken steps to secure the financial future of the organisation for the foreseeable future. Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the following d isclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows., the requirement of Section 3 Financial Statement Presentation paragraph 3.17ld)', the requirements of Section 11 Financial Instruments paragraphs 11.41(bl, 11.41 Icl, 11.411e), 11.41(fj, 11.42, 11.44,11.45, 11.47, 11.481a)liiil, 11.48la){iv), 11.48(b) and 11.481c), the requirements of Section 12 Other Financial Instruments paragraphs 12.26, 12.27, 12.29{al, 12.29lbl and 12.29A, the requirement of Section 33 Related Party Disclosure paragraph 33.7. 1.2. Change in Basis ofAccounting There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. 1.3. Changes to previous Accounts No changes have been made to accounts for the previous years. 2. Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. 2.1 Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included. Tax Reclaims are included in the SOFA at the same time as the gift to which they relate. Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Income from investments is included in the year in which it is receivable. Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified. 2 2 Resources expended Expenditure is recogn Ised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Tovry Community Church 07181550 Resources expended are recognised in the year In which they are incurred. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. 2. 3 Tangible fixed assets and depreciation Expenditure is capitalised if the asset has a usefu I life of more than 1 year and its cost exceeds £500. Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, on a straight line basis as follows.. Office Furniture and equipment Equiprnent, Fittings Bowling Lanes Buildings 10 % (changed from 25 % effective 1.1.161 10 % (changed from 25 % effective 1.1.16) 2.4 Stocks These are valued at the lower of cost and market value. 3. Analysis of Incoming Resources Donations income consists of regular giving by church members in tithes and offerings, plus one off, gifts or donations. Where these g ifts are given for a specific purpose they are held in a restricted fu nd. This includes gifts received under the gift aid scheme. The incoming resources include the following Grants into restricted funds.. Trussell Trust Pathfinders £51.965 Foodbank and Community Money Advice 4. Analysis of Resources Expended Grants awarded - Grants are given in accordance with the objectives of the charity. All decisions on grant awards are considered and decided upon by the trustees. The financial value of volunteer time has not been included in the financial statements but forms a crucial part of the success of the organisation. Management and Administration Costs are as follows.. this year 793874 last year 687906 129263 81972 89436 20773 5692 5479 42006 11036 50668 Wages. Salaries & Associated Costs Purchases for Resale kel Rent, Rates, Light & Heat Administration Costs Repairs & Maintenance Tra1 and subsistence Lease Payments for Scoring System Bank/HP Interest and Charges Actimty costs Depreciation & Loss on Asset Disposal Irrecorab1e Vat 139635 138106 109988 74168 8894 5685 52563 10107 51467 1384489 1124229 5. Trustee Expenses The following out of pocket expenses were reimbursed to trustees during the year.. Mary Bayes Niall Pickup Pau l Griffiths Tim Howells Emyr Jones Charlie Evans
Towy Community Church 07181550 6. Support Costs This ear 8,975 Last Year 16,070 Financial mana ement CostslBook-kee in 7. Governance Costs This ear 2,500 goo Last Year 2.500 900 Fee for Audit l Examination of Accounts Accounts re aration 8. Staff Expenditure 8.1 Staff Costs This Year 775,889 16,195 Last Year 675,331 12,575 Gross Wa es & Salaries Pension Costs Redundanc Costs incl. ER NI 8.2 Number of Em lo ees This Year 47 Last Year 50 Full time em lo ees ore uivalent No employees had emoluments in excess of £60,000. In addition to employees, over 120 volunteers contributed to the project th is year. 9. Grant making Grants amounting to £1.200 were paid to Dr M'z Youth Project during the year in monthly payments of £100. All other grants made during the year did not exceed £1000. 10. Fixed Assets Furniture & ment - General Funds Xcel Ca enditure Buildin Restricted Other ment- Restricted TOTAL enin Balance Cost Additions in Year Dis osals in Year Closin Balance at Cost 15,482 1,552,046 474,828 22,950 5,495 492 283 2,042,355 22,950 5,495 2 059 810 1552 046 Opening Accumulated reciation Char efor ear Released on Dis osa1 Closin Accumulated De 13,048 290,467 399,569 703,084 935 31,041 21,910 4,488 416 992 53,887 4,488 752 483 reciation 321508 Closin Net Book Value 1,498 1,230,538 75,291 1,307,327 No assets have been re-valued during the year.
Towy Community Church 07181550 11. Debtors and prepayments Amounts falling due within 1 year are as follows.. This Year Last Year HMRC Gift Aid Rebate Trade Debtors Prepayments 1,127 3,369 £ 23,792 3,148 2,984 £ 24,518 £ 30651 12. Creditors and Accruals Amounts falling due within 1 year are as follows.. This Year Last Year Trade Creditors HMRC-VAT PAYE, Pension and net pay (incl. AOE) Accruals Accrue Loan Interest 58,165 38,627 17,401 36,276 11,127 £ 67,049 £ 43,524 £ 12,456 £ 26,144 9,367 Bank Loan CCC Loan CBILS Van HP 12,647 22,766 29,600 5,266 £ 14,032 £ 34,703 £ 29,600 5,266 £ 231 875 £ 242 140 Amounts falling due after 1 year are as follows. CCC Loan Bank Loan CBILS Van HP 47,915 £ 176.422 55.735 17,245 £ 40,702 £ 186,580 £ 87,734 £ 23,715 £ 297 315 £ 338 732 13. Transactions with related Parties 13.1 Remuneration and benef1ts The following amounts were paid to trustees as salary for specific employment roles as permitted in the governing document'.- Name Paul Griffiths £ This Year 35,080 All amounts were paid under the PAYE system and are shown as Gross pay figures. 13.2 Loans No loans were made to the trustees or related parties during the year. 13.3 Other Transactions There are no other transactions to d isclose in this year
Towy Community Church 07181550 14. Additional Disclosures In order to assist project cashflow, sometimes funds are transferred from general funds to projects and then returned once cash availability permits. This does not affect the overall position of the organisation as the transfers are all internal. There are no further disclosures for th is year. 15. Corporation tax The company is exempt from payment of corporation tax on its charitable activities.
Tovry Community Church 07181550 16. Analysis of Funds Summary Restricted Reslricled Xcel Bowl, miture el and HWB Project P£slricled Reslricled Restricted Unrestricted General Funds Total Fund CMA Foodbank Youlh Incoming Funds Grants reCeId Trading Income GiftslDonationslFundraising Offerings & Tithes Gift Aid Rebate of tax 51,965 1,074.137 42,689 80,845 14,793 -3,428 9,267 1,270,268 38,849 13,117 1,074,137 34,722 7,967 79,755 13,534 1,090 125 1,134 Profit on Sale ofAssets Other income -3.428 1,031 1,071,740 1. 168.671 606 7,289 56,261 342 606 40,064 101,598 Expenditure of Funds Costs of operating the charity X£el Project (Building Phase 2} c Direct e1 project running Gosts Irrecorab1e VAT on project 256,184 39,739 116,158 100.287 1,100,664 1,100,664 Depreciation 53,888 1,410,736 48,790 1.149,454 1,309,513 -77,713 459 3.689 40,198 119.846 935 101,222 Net M0ment of funds for year -140.467 591 -135 -63,585 376 opening Fund balances 1,140,282 974,400 48.455 967 91.011 1,464 23,984 Fund Transfers Closing Fund Balances 999,814 896,687 49,046 832 27,426 1,464 24,360 Balance Sheet Funds Fixed Assets 1,307.327 -367, 594 8,311 28,288 -161.597 185,079 1,287,314 -367, 594 8,311 19,538 -148,544 48,227 52.210 49,433 -3,858 896,687 49,046 694 2,857 14,964 1,498 less Loans & Mortgages Stock Debtors & prepayments Creditors & Accruals 50 7,277 -7,619 61,710 48,906 27,426 1,423 -3.359 21,467 3,330 24,360 -2,075 Bank & Cash 1,464 Internal bank transfers pending 999,814 832 1,464 Description of restricted Funds: Xcel8owl All funds relating to the running of the bowling alley and furniture recycling centre. Xcel P roject All funds relating to the delopment of P hase 2 of the building to proiride a conferencing facility. Foodbank - All ftJnds held for the specific purpose of the foodbank. HOwer the value of donations in kind that are giv2n are not shown in the figures, only monetary gifts and expenditure. Youth donations giben for the specific purpose of youth work CMA - All funds relating to the Community Money Adirice Project