VISION To bring transformation to our community To be totally committed to unconditionally loving and serving bolh our God and our cornmunity To promote Christian prinaples of compassion, honesty. integiity. openness, kindness and care of all people regardless of their backgrounds or beliefs To equip people for life. The Church is conts"nuing to run the RI￿ndda Foodbank which is a franchise of the Trussell Trusl. Rhondda Foodbank has 5 distribution ￿ntreS.. The Church is continually 8pplying for funding to enable all the proposed projects and uses as set out in the business plan to be achieved The accounts for the period from 0110112019 to 3111212019 were independently examined and following discussions the Trustees found that there were no matters issues or concerns raised, .Declaration The Trugtees declare that on 22 October 2024 they approved the above feport Signed on behalf of all Trustees Full name David M.Thomas Acts Communi Church Ltd Company No. - 7175059 Charity No, -1136590 Registered address - 236 - 237 East Road Tylorstown. Ferndale.CF43 3DA Trusts•s' Annual Re For the period 01.01.2023 to 31.12.2023 The Trustees - Stephen David Evans - David Thomas - Julian Harris- Gena Harris Acts Community Church Ltd is a company limited by guarantee. The Memorandum and Articles of Association is the governing document. The Spiritual Leadership comprises of Stephen David Evans The initial Trustees were appoinled by the Spiritual Leadership and were narned in the governing document. Subsequent trustees are appointed by a resolution of the Trustees. The Trustees shall fulfil their legal duties having due regard to Ihe spiritual direction of the Church as set from time to time by the Spiritual Leadership acting always in accordance with the requirements of the Memorandum. Articles and the general law Gaynor Morgan resigned as a trustee during the year The Church continues for th8 benefit of the public and to promote the Objects and subscribe to the Vision statemenls as shown below. OBJECTS to seNe build and transform our community by being totally committed to unconditionally serving, supporting and investing in people of all faith groups and beliefs and those with none. to advance the Christian faith in accordance with the Statement of Beliefs and Vision Statement in such ways and in such parts of the United Kingdom or Ihe wortd as the Trustees from time to time may think fit; to relieve sickness and financial hardship and to promote and preserye good health by the provision of funds, goods or services of any kind, induding through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from ts'me to time may think frt: and to advance eduGation including the piovision of after school dubs, seminars, courses, teaching for illiterate or innumerate adults to read, write or understand maths, mentoring and coaching, supporting parents to engage more with Iheif children's education in such ways and in such parts of the United Kingdom or Ihe world as the Trustees from time to time may think frt; Ihe prevention or relief of poverty and the relief of social disadvantage induding through the provision of debt counselling, money Management advice and training to adults and children., and by the provision of rtems such as food, fuel, furniture, bedding, dothing, heating appliances, washing machines, fridges in such parts of the United Kingdom or the wodd as Ihe Trustees from time to lime may think fit; and the promotion of community participation in heallhy recreation in particular by the provision of facililies for playing of football. Charity Registratlon No. 1136590 Company Reglstratlon No. 07176059 {England and Wales) ACTS COMMUNITY CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACTS COMMUNITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Director Mr S Evans Mr D Thomas Mr5 G Harris Mr J Harris S?cretary Mr D Thomas Charlty number 1136590 Company number 07175059 Reglstered offl¢è 236-237 East Road Tylorstown RCT CF43 3DA Independent examlner Young & Phi51ips Limlted 77 Bute Slroet Treorchy Rhondda Cynon Taff CF42 6AH ACTS COMMUNITY CHURCH CONTENTS Pag• Indeperndent examiner's report statement of financial activities Balancé sheet Notes lo the accounts ACTS COMMUNITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE DIRECTOR OF ACTS COMMUNITY CHURCH I report on the accounts of the charity for the year endgd 31 December 2023. which are sel out on pages 210 9. Respective responslbllitle$ of dlrector and examlner The director who are also the directors of Acts Community Church for the purposes of company law, are responslble for the preparauon of the accounts. The dlre¢tor conslder that an 8udit is not rwuir•d for this year under seotion 144121 of the Charities Act 2011 Ilhe 2011 Acll and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under Company law and is eliglble for Independent examination, it is my responsibi5ity to,. examine the accounts under section 145 of the 2011 Act., {il) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145151{bl of the 2011 Act., and lili) to state whether particular matters hav8 come to my attention. Basis of Independent examiner's report My examination was carried out in attordance with the general Directions given by the Charity Commission. An examination includes a review of the accounllng records kept by the charity and a comparlson of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation8 from you as Iru$t888 conceming any such mattsrs. Tho procedur8s undertaken do not provide all the evldence that would be required in an audit and consequenlly no oplnion is given as to whethar the a￿o￿ntS present 8 'true 8nd fair view, and the report is limited tts those matter5 sel out in the next statement. Independent examlnor's statement In connection with my examination. no other matter except that referred lo in the prevlous paragraph has come to my attention.. (ai which gives me reasonable cause lo believe that in any material respect the requirements.. (il to keep accounting records In accordanc8 ￿th section 386 of the Compan18s Act 2006., and (ill to prepare accounts which accord with the aocounting records, comply with the accounting requirements of 396 of the Companies Act 2006 and with the methods and principles of the statement of Recommended Practice.. Accounting and Reporting by Charities., have not been mel or (bl lo which, in my opinion, attention should be drawn in order to enable a proper understanding of th8 accounts to be reached. Youyt P-kLLW Young & Phillips Limited ACCA 77 Bute Street TreorGhy Rhondda Cynon Taff CF42 6AH Dated.. 22 October 2024 ACTS COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Restrlcted f unds funds Total 2023 Total 2022 Notes Acts Church Rhondda Foodbank Caffi Croeso Fundraising 50,338 30,682 10,185 220 20.394 58.885 70,732 89,567 10,185 220 87,283 102.762 Total Income 91,425 79.279 170,704 190,045 Raising funds 1,020 1,020 1.020 1.020 Charitable acllvilies 56,895 62,785 119,680 73,977 Totsl resources expended 57,915 e2,785 120,700 73,977 Net Incomlng resour¢88 before transfers 33,510 16,494 50,004 116,068 Gross transfers between funds 176,799} 76,799 Net lexpendlture}lincome for the yearl Net movement In fundg (43,2891 93,293 50,004 116,068 Fund balances at 1 January 2023 213,568 213,568 97,500 Fund balances at 31 Da¢ember 2023 170,279 93,293 263.572 213,568 The stslement of financial acllvities also complies wlth the requirements lor an income and expenditure account under the Conipanies Act 2006. ACTS COMMUNITY CHURCH BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Notes Flxed assets Tangibla assets Current assets Cash at bank and in hand 4.016 260,398 213,568 Credltors.. amounts falllng du• wlthln one year 11 259,556 213,568 Net current assets Total assets19$8 curr8nt Ilabllltles 263,572 213,568 Income funds Restricted funds Unrestricted funds 93,293 170,279 213,568 263,572 213,568 For the financial year ended 31 December 2023 the company was enlilled to exemption from 8udil under section 477 of th8 Companles Act 2006 relating to small companies. Directors, rèsponsibllilies.. The members have not required the company lo obtain an audit of ils financial statements for the yéar In question in accordance with section 476., The directors acknowledg8 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial slalemenls. These financial statements have been prepared in a¢¢ordance with the provisions applicable to companies subject lo the small companies, reglmé. The financial statements were approved by the board of directors and authorised for issue on 22 October 2024 and are signed on ils behalf by.. Mr D Thomas Dlrector Company Registratlon No. 07175059 ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcies Company Informatlon Acts Community Church is 8 private company limited by guarantee incorporated in England and Wales. The registered off￿e Is 236-237 East Road, Tylorstown, RCT, CF43 30A. 1,1 Ac¢ountlng conventlon These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102.1, 'Accounling and Reportlng by Charities" tre Statement of Recomrnended Practice for charities applying FRS 102, the Companie5 Act 2006 and UK Generally Acc8Pted Accountin9 Practice as it applies from 1 January 2015. The charity is a Public Benefit EnlSty as defined by FRS 102. The accounts have departed from the Charities IApxount5 and Reportsl Regulations 2008 only lo the extent requiréd to provide a true and fair view. This departure has involved following the Slalement of Recommended Practice for charities applying FRS 102 rather than the verslon of Ihe Statemènt of Recommended Practs'ce which is referred to in the Regulations but whlch has since been withdrawn. The accounts are prepared in sterling, which is the functlonal currency of the Company. Monetary amounts in these financial statements are rounded lo the nearest £. The accounts have bèen prepared on the historlc81 cost convendon, modified lo include the revaluation of freehold properties and lo include investment propertles and certain financial instruments al fair value. Tha principal accounting pollches adoptéd are set out below. 1.2 Golng Goncern Al the lime of approving the accounts, the director have a reasonable expectation that the charlty has adequate resources lo continue in operational existencé for the foreseeable future. Thus lh8 directors continue to adopt the going concern basis ol accounting preparing the 8ccounts, 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the director in furtherance of their charllabl8 objectives unless the funds have been designated for other purposes. R8slrlcted funds are subject lo specific conditions by donors as to how Ihey may be used. Tha purposes and uses of the restricted funds are set out in the nol88 to the accounts. Endowment funds arè subject to specific conditions by donors that the capital must be maintalned by the charlty. 1.4 lftcomlng re¥aurco1 Income is rwni8en dgleTmin•d had no impdrm8nt loss been wognised for the 8sset in prior years. A reversal of an impalrment Ioss 15 recognised immediately, unless the relevant asset is carried n al a revalued amount, in which case the reversal of the impairment 1058 IS tre8ted as a rev81uatvJn increase. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call wllh banks, other short-term liquid invastmenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within bOrrO￿ngS in current liabilities. Basic financlal assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing ITansaction, where the transactlon is measured al the present value of the future receipt5 discounted al a market rate of interesl. ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting policles (Continued) Baslc financlal Ilabllitles Basic financial liabilities, including trade and other payables, are initially r&cognised at transaction price unless the arrangement conslilules a financing transaction, where the debt instrument is measured at the present value of the future rec81pls discounted at a market rale of interest. Debt instruments are sUbseqUen￿Y carried al amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired In the ordinary course of operations from suppliers. Accounts payabla are classified as current liabilities if payment is due within one yéar or 18ss. If not, tttey are Pfesented as non.currenl Ilabillties. Tr8de paya￿e$ 8ra r8co9nised Initi￿lY al transaction price and subsequently measured at amortised cost usn9 the effective interest method. Derecognition of Ilnan¢lal Ilabllitle$ Financlal liabilities are derecognised when the company's contractual obllgations expire or aTe discharged or ¢ancélled. 1.9 Employee beneflts The cost of any unused holiday ontitlement is recognised in the period in which the employee's servlces are rèceived. Termination benèflts ar8 recognised immedlal8ly as an expense when the company Is demonstrably commltted lo terminate thé employmènt of an employee or to provide termination benefits. 1.10 Lemo• Rentsly payable under operellng leases, Includlng any IB8se Incenllve8 recelv•d, ore tharged to inrA)m• on a str8ight line basis over the term ol th8 relevant lease. Crltlcal accountlng estimates and Judgements In th& appllcalion of the charlly's accounting policiès, thé dirèctors arg requlred to make ludgemenls, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assoclaled assurnplions are based on historical experlence and other factors that are considered to be relevant. Actual results may differ from these eslimates. The estirnales and underlying assumpt￿On5 are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the e5timat8 is revised wher8 the revision affects only that period, or in the period of thè revision and future perlods where tho revislon affects both current and future periods. ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable activitles Acts Church Rhondda Caffi Croe8ts Foodbank Total 2022 Sales Donationg Grants Foodbank income Rental income Gift Aid 9,122 1.063 9,122 54,247 81,694 24,817 20,494 28.367 61.200 30,233 45,000 102,762 12.050 18,250 7,171 18,250 7,171 70,732 89,567 10,185 170,484 190,045 Analysis by fund Unreslricled funds Reslricled funds 50,338 20.394 30,682 58,885 10,185 91,203 79,279 70,732 89,567 10,185 170,484 For the ygar ended 31 December 2022 Unrestricted funds 87,283 102,762 1 $0,045 Fundralslng UnroStrl¢tod funds Total 2022 Fundraising events 220 Forthe year ended 31 December 2022 Ralsing funds Unrestrlctgd funds Total 2022 Other fundraising costs 180 Goverance costs 1.020 ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Raislng funds {Contlnuedl For thè yoar ended 31 December 2022 Charitable activltles Acts Rhondda Church Foodbank Caffl Croeso Total 2022 Staff costs Depreciation and Impaimient Direct expénses Glfts and donations Outreach and events Light, heat and rates Rent Telephone Leg81 & professional fees Equipment and equipmént hire Insurances Software, printing 8nd slaionery Repair & renewals Licénces & subsciplions Cleaning Motor and travel expènses Clothing Volunteer expenses 3,628 2,008 740 3,686 810 4.499 59,245 82,873 2,008 6,687 4,394 1,189 4,499 19,540 2.444 1,713 1,364 2.708 509 3,250 764 237 3,898 415 1,192 2,800 300 5,847 708 55,949 4,595 962 1,827 379 19,540 485 40 324 1.959 1,673 437 2,706 130 1,381 764 171 1,687 142 351 2,384 120 1,698 298 1,164 803 35 1,889 48 3,896 307 1,192 18 108 24,592 87,969 7,119 119,880 73,977 24,592 87,969 7,119 119,680 73,977 Analys15 by fund Unreslricled fund5 ReslriGled funds 21,349 3,243 28,427 59.542 7,119 56,895 62,785 24,592 87,969 7.119 119,680 For the year ended 31 December 2022 Unrestricted funds 18,029 51,447 4,501 73,977 18,029 51,447 4.501 73,977 ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2023 Tanglble fixed assets Flxtur•s and fittlngs Cost Business combinations 6,024 Al 31 December 2023 6,024 Dopreclatlon and Impairment Depreclatson charged in the year 2,008 At 31 December 2023 2,008 Carrying amount Al 31 December 2023 4,018 10 Flnanclal Instrumonts 2023 2022 Carylng amount offinan¢lal assets Cash at bank and hand 260,396 213,568 Carrylng amount of flnanclal Ilablllties Creditors 11 Credltors: amounts falllng due wlthln one year 2023 2022 Accruals and deferred income Charity Registratlon No. 1136590 Company Reglstratlon No. 07176059 {England and Wales) ACTS COMMUNITY CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACTS COMMUNITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Director Mr S Evans Mr D Thomas Mr5 G Harris Mr J Harris S?cretary Mr D Thomas Charlty number 1136590 Company number 07175059 Reglstered offl¢è 236-237 East Road Tylorstown RCT CF43 3DA Independent examlner Young & Phi51ips Limlted 77 Bute Slroet Treorchy Rhondda Cynon Taff CF42 6AH ACTS COMMUNITY CHURCH CONTENTS Pag• Indeperndent examiner's report statement of financial activities Balancé sheet Notes lo the accounts ACTS COMMUNITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE DIRECTOR OF ACTS COMMUNITY CHURCH I report on the accounts of the charity for the year endgd 31 December 2023. which are sel out on pages 210 9. Respective responslbllitle$ of dlrector and examlner The director who are also the directors of Acts Community Church for the purposes of company law, are responslble for the preparauon of the accounts. The dlre¢tor conslder that an 8udit is not rwuir•d for this year under seotion 144121 of the Charities Act 2011 Ilhe 2011 Acll and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under Company law and is eliglble for Independent examination, it is my responsibi5ity to,. examine the accounts under section 145 of the 2011 Act., {il) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145151{bl of the 2011 Act., and lili) to state whether particular matters hav8 come to my attention. Basis of Independent examiner's report My examination was carried out in attordance with the general Directions given by the Charity Commission. An examination includes a review of the accounllng records kept by the charity and a comparlson of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation8 from you as Iru$t888 conceming any such mattsrs. Tho procedur8s undertaken do not provide all the evldence that would be required in an audit and consequenlly no oplnion is given as to whethar the a￿o￿ntS present 8 'true 8nd fair view, and the report is limited tts those matter5 sel out in the next statement. Independent examlnor's statement In connection with my examination. no other matter except that referred lo in the prevlous paragraph has come to my attention.. (ai which gives me reasonable cause lo believe that in any material respect the requirements.. (il to keep accounting records In accordanc8 ￿th section 386 of the Compan18s Act 2006., and (ill to prepare accounts which accord with the aocounting records, comply with the accounting requirements of 396 of the Companies Act 2006 and with the methods and principles of the statement of Recommended Practice.. Accounting and Reporting by Charities., have not been mel or (bl lo which, in my opinion, attention should be drawn in order to enable a proper understanding of th8 accounts to be reached. Youyt P-kLLW Young & Phillips Limited ACCA 77 Bute Street TreorGhy Rhondda Cynon Taff CF42 6AH Dated.. 22 October 2024 ACTS COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Restrlcted f unds funds Total 2023 Total 2022 Notes Acts Church Rhondda Foodbank Caffi Croeso Fundraising 50,338 30,682 10,185 220 20.394 58.885 70,732 89,567 10,185 220 87,283 102.762 Total Income 91,425 79.279 170,704 190,045 Raising funds 1,020 1,020 1.020 1.020 Charitable acllvilies 56,895 62,785 119,680 73,977 Totsl resources expended 57,915 e2,785 120,700 73,977 Net Incomlng resour¢88 before transfers 33,510 16,494 50,004 116,068 Gross transfers between funds 176,799} 76,799 Net lexpendlture}lincome for the yearl Net movement In fundg (43,2891 93,293 50,004 116,068 Fund balances at 1 January 2023 213,568 213,568 97,500 Fund balances at 31 Da¢ember 2023 170,279 93,293 263.572 213,568 The stslement of financial acllvities also complies wlth the requirements lor an income and expenditure account under the Conipanies Act 2006. ACTS COMMUNITY CHURCH BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Notes Flxed assets Tangibla assets Current assets Cash at bank and in hand 4.016 260,398 213,568 Credltors.. amounts falllng du• wlthln one year 11 259,556 213,568 Net current assets Total assets19$8 curr8nt Ilabllltles 263,572 213,568 Income funds Restricted funds Unrestricted funds 93,293 170,279 213,568 263,572 213,568 For the financial year ended 31 December 2023 the company was enlilled to exemption from 8udil under section 477 of th8 Companles Act 2006 relating to small companies. Directors, rèsponsibllilies.. The members have not required the company lo obtain an audit of ils financial statements for the yéar In question in accordance with section 476., The directors acknowledg8 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial slalemenls. These financial statements have been prepared in a¢¢ordance with the provisions applicable to companies subject lo the small companies, reglmé. The financial statements were approved by the board of directors and authorised for issue on 22 October 2024 and are signed on ils behalf by.. Mr D Thomas Dlrector Company Registratlon No. 07175059 ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcies Company Informatlon Acts Community Church is 8 private company limited by guarantee incorporated in England and Wales. The registered off￿e Is 236-237 East Road, Tylorstown, RCT, CF43 30A. 1,1 Ac¢ountlng conventlon These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102.1, 'Accounling and Reportlng by Charities" tre Statement of Recomrnended Practice for charities applying FRS 102, the Companie5 Act 2006 and UK Generally Acc8Pted Accountin9 Practice as it applies from 1 January 2015. The charity is a Public Benefit EnlSty as defined by FRS 102. The accounts have departed from the Charities IApxount5 and Reportsl Regulations 2008 only lo the extent requiréd to provide a true and fair view. This departure has involved following the Slalement of Recommended Practice for charities applying FRS 102 rather than the verslon of Ihe Statemènt of Recommended Practs'ce which is referred to in the Regulations but whlch has since been withdrawn. The accounts are prepared in sterling, which is the functlonal currency of the Company. Monetary amounts in these financial statements are rounded lo the nearest £. The accounts have bèen prepared on the historlc81 cost convendon, modified lo include the revaluation of freehold properties and lo include investment propertles and certain financial instruments al fair value. Tha principal accounting pollches adoptéd are set out below. 1.2 Golng Goncern Al the lime of approving the accounts, the director have a reasonable expectation that the charlty has adequate resources lo continue in operational existencé for the foreseeable future. Thus lh8 directors continue to adopt the going concern basis ol accounting preparing the 8ccounts, 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the director in furtherance of their charllabl8 objectives unless the funds have been designated for other purposes. R8slrlcted funds are subject lo specific conditions by donors as to how Ihey may be used. Tha purposes and uses of the restricted funds are set out in the nol88 to the accounts. Endowment funds arè subject to specific conditions by donors that the capital must be maintalned by the charlty. 1.4 lftcomlng re¥aurco1 Income is rwni8en dgleTmin•d had no impdrm8nt loss been wognised for the 8sset in prior years. A reversal of an impalrment Ioss 15 recognised immediately, unless the relevant asset is carried n al a revalued amount, in which case the reversal of the impairment 1058 IS tre8ted as a rev81uatvJn increase. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call wllh banks, other short-term liquid invastmenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within bOrrO￿ngS in current liabilities. Basic financlal assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing ITansaction, where the transactlon is measured al the present value of the future receipt5 discounted al a market rate of interesl. ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting policles (Continued) Baslc financlal Ilabllitles Basic financial liabilities, including trade and other payables, are initially r&cognised at transaction price unless the arrangement conslilules a financing transaction, where the debt instrument is measured at the present value of the future rec81pls discounted at a market rale of interest. Debt instruments are sUbseqUen￿Y carried al amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired In the ordinary course of operations from suppliers. Accounts payabla are classified as current liabilities if payment is due within one yéar or 18ss. If not, tttey are Pfesented as non.currenl Ilabillties. Tr8de paya￿e$ 8ra r8co9nised Initi￿lY al transaction price and subsequently measured at amortised cost usn9 the effective interest method. Derecognition of Ilnan¢lal Ilabllitle$ Financlal liabilities are derecognised when the company's contractual obllgations expire or aTe discharged or ¢ancélled. 1.9 Employee beneflts The cost of any unused holiday ontitlement is recognised in the period in which the employee's servlces are rèceived. Termination benèflts ar8 recognised immedlal8ly as an expense when the company Is demonstrably commltted lo terminate thé employmènt of an employee or to provide termination benefits. 1.10 Lemo• Rentsly payable under operellng leases, Includlng any IB8se Incenllve8 recelv•d, ore tharged to inrA)m• on a str8ight line basis over the term ol th8 relevant lease. Crltlcal accountlng estimates and Judgements In th& appllcalion of the charlly's accounting policiès, thé dirèctors arg requlred to make ludgemenls, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assoclaled assurnplions are based on historical experlence and other factors that are considered to be relevant. Actual results may differ from these eslimates. The estirnales and underlying assumpt￿On5 are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the e5timat8 is revised wher8 the revision affects only that period, or in the period of thè revision and future perlods where tho revislon affects both current and future periods. ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable activitles Acts Church Rhondda Caffi Croe8ts Foodbank Total 2022 Sales Donationg Grants Foodbank income Rental income Gift Aid 9,122 1.063 9,122 54,247 81,694 24,817 20,494 28.367 61.200 30,233 45,000 102,762 12.050 18,250 7,171 18,250 7,171 70,732 89,567 10,185 170,484 190,045 Analysis by fund Unreslricled funds Reslricled funds 50,338 20.394 30,682 58,885 10,185 91,203 79,279 70,732 89,567 10,185 170,484 For the ygar ended 31 December 2022 Unrestricted funds 87,283 102,762 1 $0,045 Fundralslng UnroStrl¢tod funds Total 2022 Fundraising events 220 Forthe year ended 31 December 2022 Ralsing funds Unrestrlctgd funds Total 2022 Other fundraising costs 180 Goverance costs 1.020 ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Raislng funds {Contlnuedl For thè yoar ended 31 December 2022 Charitable activltles Acts Rhondda Church Foodbank Caffl Croeso Total 2022 Staff costs Depreciation and Impaimient Direct expénses Glfts and donations Outreach and events Light, heat and rates Rent Telephone Leg81 & professional fees Equipment and equipmént hire Insurances Software, printing 8nd slaionery Repair & renewals Licénces & subsciplions Cleaning Motor and travel expènses Clothing Volunteer expenses 3,628 2,008 740 3,686 810 4.499 59,245 82,873 2,008 6,687 4,394 1,189 4,499 19,540 2.444 1,713 1,364 2.708 509 3,250 764 237 3,898 415 1,192 2,800 300 5,847 708 55,949 4,595 962 1,827 379 19,540 485 40 324 1.959 1,673 437 2,706 130 1,381 764 171 1,687 142 351 2,384 120 1,698 298 1,164 803 35 1,889 48 3,896 307 1,192 18 108 24,592 87,969 7,119 119,880 73,977 24,592 87,969 7,119 119,680 73,977 Analys15 by fund Unreslricled fund5 ReslriGled funds 21,349 3,243 28,427 59.542 7,119 56,895 62,785 24,592 87,969 7.119 119,680 For the year ended 31 December 2022 Unrestricted funds 18,029 51,447 4,501 73,977 18,029 51,447 4.501 73,977 ACTS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2023 Tanglble fixed assets Flxtur•s and fittlngs Cost Business combinations 6,024 Al 31 December 2023 6,024 Dopreclatlon and Impairment Depreclatson charged in the year 2,008 At 31 December 2023 2,008 Carrying amount Al 31 December 2023 4,018 10 Flnanclal Instrumonts 2023 2022 Carylng amount offinan¢lal assets Cash at bank and hand 260,396 213,568 Carrylng amount of flnanclal Ilablllties Creditors 11 Credltors: amounts falllng due wlthln one year 2023 2022 Accruals and deferred income